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Side-by-side financial comparison of Axalta Coating Systems Ltd. (AXTA) and BANK OF NOVA SCOTIA (BNS). Click either name above to swap in a different company.

BANK OF NOVA SCOTIA is the larger business by last-quarter revenue ($7.0B vs $5.1B, roughly 1.4× Axalta Coating Systems Ltd.). BANK OF NOVA SCOTIA runs the higher net margin — 23.8% vs 1.8%, a 22.1% gap on every dollar of revenue.

Axalta Coating Systems Ltd., also known as simply Axalta, is an American company specializing in coatings in a wide variety of industrial applications, materials and sectors, including automotive paints. The company is based in Philadelphia, Pennsylvania, and incorporated in Bermuda. Axalta develops and manufactures coatings for light and commercial vehicles, industrial, and refinish applications. The firm does business in 130 countries, has nearly 13,000 employees, and has more than 100,000 ...

The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third-largest Canadian bank by assets and deposits. In 2023, the company's seat in Forbes Global 2000 was 88. Scotiabank serves over 25 million customers globally, offering personal and commercial banking, wealth management, corporate and investment services. With 88,000 employees and assets of approxi...

AXTA vs BNS — Head-to-Head

Bigger by revenue
BNS
BNS
1.4× larger
BNS
$7.0B
$5.1B
AXTA
Higher net margin
BNS
BNS
22.1% more per $
BNS
23.8%
1.8%
AXTA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AXTA
AXTA
BNS
BNS
Revenue
$5.1B
$7.0B
Net Profit
$91.0M
$1.7B
Gross Margin
83.6%
Operating Margin
2.9%
Net Margin
1.8%
23.8%
Revenue YoY
-0.6%
Net Profit YoY
-9.1%
EPS (diluted)
$0.42

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AXTA
AXTA
BNS
BNS
Q1 26
$5.1B
$7.0B
Q4 25
$1.3B
$7.2B
Q3 25
$1.3B
$6.9B
Q2 25
$1.3B
$6.6B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.4B
Net Profit
AXTA
AXTA
BNS
BNS
Q1 26
$91.0M
$1.7B
Q4 25
$60.0M
$1.6B
Q3 25
$110.0M
$1.8B
Q2 25
$109.0M
$1.5B
Q1 25
$99.0M
Q4 24
$137.0M
Q3 24
$101.0M
Q2 24
$112.0M
Gross Margin
AXTA
AXTA
BNS
BNS
Q1 26
83.6%
Q4 25
33.4%
Q3 25
34.9%
Q2 25
35.0%
Q1 25
34.3%
Q4 24
34.1%
Q3 24
35.0%
Q2 24
34.0%
Operating Margin
AXTA
AXTA
BNS
BNS
Q1 26
2.9%
Q4 25
12.8%
Q3 25
15.8%
Q2 25
14.8%
Q1 25
13.9%
Q4 24
14.3%
Q3 24
14.6%
Q2 24
15.2%
Net Margin
AXTA
AXTA
BNS
BNS
Q1 26
1.8%
23.8%
Q4 25
4.8%
22.5%
Q3 25
8.5%
26.6%
Q2 25
8.4%
22.4%
Q1 25
7.8%
Q4 24
10.5%
Q3 24
7.7%
Q2 24
8.3%
EPS (diluted)
AXTA
AXTA
BNS
BNS
Q1 26
$0.42
Q4 25
$0.28
Q3 25
$0.51
Q2 25
$0.50
Q1 25
$0.45
Q4 24
$0.63
Q3 24
$0.46
Q2 24
$0.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXTA
AXTA
BNS
BNS
Cash + ST InvestmentsLiquidity on hand
$608.0M
$6.4B
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$2.5B
$65.0B
Total Assets
$7.6B
$1077.5B
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXTA
AXTA
BNS
BNS
Q1 26
$608.0M
$6.4B
Q4 25
$657.0M
Q3 25
$606.0M
$8.6B
Q2 25
$625.0M
$7.9B
Q1 25
$575.0M
Q4 24
$593.0M
Q3 24
$567.0M
Q2 24
$840.0M
Total Debt
AXTA
AXTA
BNS
BNS
Q1 26
$3.1B
Q4 25
$3.2B
Q3 25
$3.4B
Q2 25
$3.4B
Q1 25
$3.4B
Q4 24
$3.4B
Q3 24
$3.5B
Q2 24
$3.6B
Stockholders' Equity
AXTA
AXTA
BNS
BNS
Q1 26
$2.5B
$65.0B
Q4 25
$2.3B
Q3 25
$2.3B
$62.4B
Q2 25
$2.3B
$63.1B
Q1 25
$2.1B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$1.8B
Total Assets
AXTA
AXTA
BNS
BNS
Q1 26
$7.6B
$1077.5B
Q4 25
$7.6B
Q3 25
$7.8B
$1032.7B
Q2 25
$7.8B
$1033.3B
Q1 25
$7.4B
Q4 24
$7.2B
Q3 24
$7.5B
Q2 24
$7.3B
Debt / Equity
AXTA
AXTA
BNS
BNS
Q1 26
1.27×
Q4 25
1.36×
Q3 25
1.48×
Q2 25
1.50×
Q1 25
1.64×
Q4 24
1.78×
Q3 24
1.84×
Q2 24
2.02×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXTA
AXTA
BNS
BNS
Operating Cash FlowLast quarter
$9.4B
Free Cash FlowOCF − Capex
$21.0M
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.60×
TTM Free Cash FlowTrailing 4 quarters
$491.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXTA
AXTA
BNS
BNS
Q1 26
$9.4B
Q4 25
$344.0M
Q3 25
$137.0M
$3.2B
Q2 25
$142.0M
$1.8B
Q1 25
$26.0M
Q4 24
$234.0M
Q3 24
$194.0M
Q2 24
$114.0M
Free Cash Flow
AXTA
AXTA
BNS
BNS
Q1 26
$21.0M
Q4 25
$286.0M
Q3 25
$87.0M
Q2 25
$97.0M
Q1 25
$-17.0M
Q4 24
$172.0M
Q3 24
$161.0M
Q2 24
$91.0M
FCF Margin
AXTA
AXTA
BNS
BNS
Q1 26
0.4%
Q4 25
22.7%
Q3 25
6.8%
Q2 25
7.4%
Q1 25
-1.3%
Q4 24
13.1%
Q3 24
12.2%
Q2 24
6.7%
Capex Intensity
AXTA
AXTA
BNS
BNS
Q1 26
Q4 25
4.6%
Q3 25
3.9%
Q2 25
3.4%
Q1 25
3.4%
Q4 24
4.7%
Q3 24
2.5%
Q2 24
1.7%
Cash Conversion
AXTA
AXTA
BNS
BNS
Q1 26
5.60×
Q4 25
5.73×
Q3 25
1.25×
1.73×
Q2 25
1.30×
1.22×
Q1 25
0.26×
Q4 24
1.71×
Q3 24
1.92×
Q2 24
1.02×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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