Axalta Coating Systems Ltd (AXTA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 267,400 | 191,600 | 263,900 | 121,600 | 249,000 |
| Revenue | US$ in thousands | 5,184,100 | 4,884,400 | 4,416,200 | 3,737,600 | 4,482,200 |
| Net profit margin | 5.16% | 3.92% | 5.98% | 3.25% | 5.56% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $267,400K ÷ $5,184,100K
= 5.16%
The net profit margin of Axalta Coating Systems Ltd has fluctuated over the past five years, ranging from 3.25% in 2020 to 5.98% in 2021. In 2023, the net profit margin was 5.16%, showing a slight decrease from the prior year but remaining relatively healthy. The variability in the net profit margin over the years could be attributed to factors such as changes in revenue, expenses, and efficiency of operations. Overall, the company has maintained a positive net profit margin, indicating its ability to generate profit from its revenue after accounting for all expenses.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Axalta Coating Systems Ltd
AXTA
5.16%
PPG Industries Inc
PPG
7.01%
RPM International Inc
RPM
8.16%