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Side-by-side financial comparison of Axalta Coating Systems Ltd. (AXTA) and Alliant Energy (LNT). Click either name above to swap in a different company.

Axalta Coating Systems Ltd. is the larger business by last-quarter revenue ($1.3B vs $1.1B, roughly 1.2× Alliant Energy). Alliant Energy runs the higher net margin — 13.4% vs 4.8%, a 8.6% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs -3.7%). Over the past eight quarters, Alliant Energy's revenue compounded faster (1.5% CAGR vs -1.2%).

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 ...

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinoi...

AXTA vs LNT — Head-to-Head

Bigger by revenue
AXTA
AXTA
1.2× larger
AXTA
$1.3B
$1.1B
LNT
Growing faster (revenue YoY)
LNT
LNT
+12.8% gap
LNT
9.0%
-3.7%
AXTA
Higher net margin
LNT
LNT
8.6% more per $
LNT
13.4%
4.8%
AXTA
Faster 2-yr revenue CAGR
LNT
LNT
Annualised
LNT
1.5%
-1.2%
AXTA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXTA
AXTA
LNT
LNT
Revenue
$1.3B
$1.1B
Net Profit
$60.0M
$142.0M
Gross Margin
33.4%
85.9%
Operating Margin
12.8%
18.4%
Net Margin
4.8%
13.4%
Revenue YoY
-3.7%
9.0%
Net Profit YoY
-56.2%
-5.3%
EPS (diluted)
$0.28
$0.54

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
LNT
LNT
Q4 25
$1.3B
$1.1B
Q3 25
$1.3B
$1.2B
Q2 25
$1.3B
$961.0M
Q1 25
$1.3B
$1.1B
Q4 24
$1.3B
$975.0M
Q3 24
$1.3B
$1.1B
Q2 24
$1.4B
$894.0M
Q1 24
$1.3B
$1.0B
Net Profit
AXTA
AXTA
LNT
LNT
Q4 25
$60.0M
$142.0M
Q3 25
$110.0M
$281.0M
Q2 25
$109.0M
$174.0M
Q1 25
$99.0M
$213.0M
Q4 24
$137.0M
$150.0M
Q3 24
$101.0M
$295.0M
Q2 24
$112.0M
$87.0M
Q1 24
$41.0M
$158.0M
Gross Margin
AXTA
AXTA
LNT
LNT
Q4 25
33.4%
85.9%
Q3 25
34.9%
86.3%
Q2 25
35.0%
84.3%
Q1 25
34.3%
86.0%
Q4 24
34.1%
84.7%
Q3 24
35.0%
84.7%
Q2 24
34.0%
83.6%
Q1 24
33.2%
85.3%
Operating Margin
AXTA
AXTA
LNT
LNT
Q4 25
12.8%
18.4%
Q3 25
15.8%
28.8%
Q2 25
14.8%
23.2%
Q1 25
13.9%
22.8%
Q4 24
14.3%
22.7%
Q3 24
14.6%
29.0%
Q2 24
15.2%
14.5%
Q1 24
9.4%
21.5%
Net Margin
AXTA
AXTA
LNT
LNT
Q4 25
4.8%
13.4%
Q3 25
8.5%
23.2%
Q2 25
8.4%
18.1%
Q1 25
7.8%
18.9%
Q4 24
10.5%
15.4%
Q3 24
7.7%
27.3%
Q2 24
8.3%
9.7%
Q1 24
3.2%
15.3%
EPS (diluted)
AXTA
AXTA
LNT
LNT
Q4 25
$0.28
$0.54
Q3 25
$0.51
$1.09
Q2 25
$0.50
$0.68
Q1 25
$0.45
$0.83
Q4 24
$0.63
$0.58
Q3 24
$0.46
$1.15
Q2 24
$0.51
$0.34
Q1 24
$0.18
$0.62

Balance Sheet & Financial Strength

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

Metric
AXTA
AXTA
LNT
LNT
Cash + ST InvestmentsLiquidity on hand
$657.0M
$556.0M
Total DebtLower is stronger
$3.2B
Stockholders' EquityBook value
$2.3B
$7.3B
Total Assets
$7.6B
$25.0B
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXTA
AXTA
LNT
LNT
Q4 25
$657.0M
$556.0M
Q3 25
$606.0M
$753.0M
Q2 25
$625.0M
$329.0M
Q1 25
$575.0M
$25.0M
Q4 24
$593.0M
$81.0M
Q3 24
$567.0M
$827.0M
Q2 24
$840.0M
$92.0M
Q1 24
$624.0M
$32.0M
Total Debt
AXTA
AXTA
LNT
LNT
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
Q1 24
$3.4B
Stockholders' Equity
AXTA
AXTA
LNT
LNT
Q4 25
$2.3B
$7.3B
Q3 25
$2.3B
$7.3B
Q2 25
$2.3B
$7.1B
Q1 25
$2.1B
$7.1B
Q4 24
$1.9B
$7.0B
Q3 24
$1.9B
$7.0B
Q2 24
$1.8B
$6.8B
Q1 24
$1.7B
$6.8B
Total Assets
AXTA
AXTA
LNT
LNT
Q4 25
$7.6B
$25.0B
Q3 25
$7.8B
$24.6B
Q2 25
$7.8B
$23.8B
Q1 25
$7.4B
$22.9B
Q4 24
$7.2B
$22.7B
Q3 24
$7.5B
$22.8B
Q2 24
$7.3B
$21.8B
Q1 24
$7.1B
$21.2B
Debt / Equity
AXTA
AXTA
LNT
LNT
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×
Q1 24
1.97×

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
LNT
LNT
Operating Cash FlowLast quarter
$344.0M
$269.0M
Free Cash FlowOCF − Capex
$286.0M
FCF MarginFCF / Revenue
22.7%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
5.73×
1.89×
TTM Free Cash FlowTrailing 4 quarters
$453.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXTA
AXTA
LNT
LNT
Q4 25
$344.0M
$269.0M
Q3 25
$137.0M
$408.0M
Q2 25
$142.0M
$243.0M
Q1 25
$26.0M
$249.0M
Q4 24
$234.0M
$254.0M
Q3 24
$194.0M
$351.0M
Q2 24
$114.0M
$255.0M
Q1 24
$34.0M
$307.0M
Free Cash Flow
AXTA
AXTA
LNT
LNT
Q4 25
$286.0M
Q3 25
$87.0M
$-103.0M
Q2 25
$97.0M
$-179.0M
Q1 25
$-17.0M
$-305.0M
Q4 24
$172.0M
Q3 24
$161.0M
$-59.0M
Q2 24
$91.0M
$-137.0M
Q1 24
$12.0M
$-171.0M
FCF Margin
AXTA
AXTA
LNT
LNT
Q4 25
22.7%
Q3 25
6.8%
-8.5%
Q2 25
7.4%
-18.6%
Q1 25
-1.3%
-27.0%
Q4 24
13.1%
Q3 24
12.2%
-5.5%
Q2 24
6.7%
-15.3%
Q1 24
0.9%
-16.6%
Capex Intensity
AXTA
AXTA
LNT
LNT
Q4 25
4.6%
Q3 25
3.9%
42.2%
Q2 25
3.4%
43.9%
Q1 25
3.4%
49.1%
Q4 24
4.7%
Q3 24
2.5%
37.9%
Q2 24
1.7%
43.8%
Q1 24
1.7%
46.4%
Cash Conversion
AXTA
AXTA
LNT
LNT
Q4 25
5.73×
1.89×
Q3 25
1.25×
1.45×
Q2 25
1.30×
1.40×
Q1 25
0.26×
1.17×
Q4 24
1.71×
1.69×
Q3 24
1.92×
1.19×
Q2 24
1.02×
2.93×
Q1 24
0.83×
1.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXTA
AXTA

Refinish$509.0M40%
Light Vehicle$372.0M29%
Industrial$282.0M22%
Commercial Vehicle$99.0M8%

LNT
LNT

Retail Residential$313.0M29%
Retail Industrial$251.0M24%
Retail Commercial$226.0M21%
Gas$158.0M15%
Other Customer$43.0M4%
Wholesale$36.0M3%
Other Utility$15.0M1%
Steam$9.0M1%

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