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Side-by-side financial comparison of Axalta Coating Systems Ltd. (AXTA) and Constellation Brands (STZ). Click either name above to swap in a different company.
Constellation Brands is the larger business by last-quarter revenue ($2.2B vs $1.3B, roughly 1.8× Axalta Coating Systems Ltd.). Constellation Brands runs the higher net margin — 22.6% vs 4.8%, a 17.9% gap on every dollar of revenue. On growth, Axalta Coating Systems Ltd. posted the faster year-over-year revenue change (-3.7% vs -9.8%). Constellation Brands produced more free cash flow last quarter ($370.9M vs $286.0M). Over the past eight quarters, Constellation Brands's revenue compounded faster (1.9% 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 ...
Constellation Brands, Inc. is an American producer and marketer of beer, wine, and spirits. A Fortune 500 company, Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share of all major beer suppliers. It also has sizable investments in medical and recreational cannabis through its association with Canopy Growth. Based in Rochester, New York, Constellation has about 40 facilities and approximately 9,000 employees.
AXTA vs STZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.2B |
| Net Profit | $60.0M | $502.8M |
| Gross Margin | 33.4% | 53.2% |
| Operating Margin | 12.8% | 31.1% |
| Net Margin | 4.8% | 22.6% |
| Revenue YoY | -3.7% | -9.8% |
| Net Profit YoY | -56.2% | -18.4% |
| EPS (diluted) | $0.28 | — |
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.
| Q4 25 | $1.3B | $2.2B | ||
| Q3 25 | $1.3B | $2.5B | ||
| Q2 25 | $1.3B | $2.5B | ||
| Q1 25 | $1.3B | $2.2B | ||
| Q4 24 | $1.3B | $2.5B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.4B | $2.7B | ||
| Q1 24 | $1.3B | $2.1B |
| Q4 25 | $60.0M | $502.8M | ||
| Q3 25 | $110.0M | $466.0M | ||
| Q2 25 | $109.0M | $516.1M | ||
| Q1 25 | $99.0M | $-375.3M | ||
| Q4 24 | $137.0M | $615.9M | ||
| Q3 24 | $101.0M | $-1.2B | ||
| Q2 24 | $112.0M | $877.0M | ||
| Q1 24 | $41.0M | $392.4M |
| Q4 25 | 33.4% | 53.2% | ||
| Q3 25 | 34.9% | 52.8% | ||
| Q2 25 | 35.0% | 50.4% | ||
| Q1 25 | 34.3% | 51.5% | ||
| Q4 24 | 34.1% | 52.1% | ||
| Q3 24 | 35.0% | 51.8% | ||
| Q2 24 | 34.0% | 52.7% | ||
| Q1 24 | 33.2% | 48.6% |
| Q4 25 | 12.8% | 31.1% | ||
| Q3 25 | 15.8% | 35.2% | ||
| Q2 25 | 14.8% | 28.4% | ||
| Q1 25 | 13.9% | -6.9% | ||
| Q4 24 | 14.3% | 32.2% | ||
| Q3 24 | 14.6% | -42.1% | ||
| Q2 24 | 15.2% | 35.4% | ||
| Q1 24 | 9.4% | 29.4% |
| Q4 25 | 4.8% | 22.6% | ||
| Q3 25 | 8.5% | 18.8% | ||
| Q2 25 | 8.4% | 20.5% | ||
| Q1 25 | 7.8% | -17.3% | ||
| Q4 24 | 10.5% | 25.0% | ||
| Q3 24 | 7.7% | -41.1% | ||
| Q2 24 | 8.3% | 32.9% | ||
| Q1 24 | 3.2% | 18.3% |
| 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 | — | ||
| Q1 24 | $0.18 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $657.0M | $152.4M |
| Total DebtLower is stronger | $3.2B | $10.3B |
| Stockholders' EquityBook value | $2.3B | $7.7B |
| Total Assets | $7.6B | $21.7B |
| Debt / EquityLower = less leverage | 1.36× | 1.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $657.0M | $152.4M | ||
| Q3 25 | $606.0M | $72.0M | ||
| Q2 25 | $625.0M | $73.9M | ||
| Q1 25 | $575.0M | $68.1M | ||
| Q4 24 | $593.0M | $73.7M | ||
| Q3 24 | $567.0M | $64.6M | ||
| Q2 24 | $840.0M | $73.8M | ||
| Q1 24 | $624.0M | $152.4M |
| Q4 25 | $3.2B | $10.3B | ||
| Q3 25 | $3.4B | $10.3B | ||
| Q2 25 | $3.4B | $11.2B | ||
| Q1 25 | $3.4B | $10.7B | ||
| Q4 24 | $3.4B | $10.7B | ||
| Q3 24 | $3.5B | $11.1B | ||
| Q2 24 | $3.6B | $11.1B | ||
| Q1 24 | $3.4B | $11.6B |
| Q4 25 | $2.3B | $7.7B | ||
| Q3 25 | $2.3B | $7.5B | ||
| Q2 25 | $2.3B | $7.3B | ||
| Q1 25 | $2.1B | $6.9B | ||
| Q4 24 | $1.9B | $7.8B | ||
| Q3 24 | $1.9B | $7.9B | ||
| Q2 24 | $1.8B | $10.3B | ||
| Q1 24 | $1.7B | $9.7B |
| Q4 25 | $7.6B | $21.7B | ||
| Q3 25 | $7.8B | $21.4B | ||
| Q2 25 | $7.8B | $22.3B | ||
| Q1 25 | $7.4B | $21.7B | ||
| Q4 24 | $7.2B | $22.8B | ||
| Q3 24 | $7.5B | $23.1B | ||
| Q2 24 | $7.3B | $26.1B | ||
| Q1 24 | $7.1B | $25.7B |
| Q4 25 | 1.36× | 1.33× | ||
| Q3 25 | 1.48× | 1.37× | ||
| Q2 25 | 1.50× | 1.54× | ||
| Q1 25 | 1.64× | 1.55× | ||
| Q4 24 | 1.78× | 1.37× | ||
| Q3 24 | 1.84× | 1.41× | ||
| Q2 24 | 2.02× | 1.08× | ||
| Q1 24 | 1.97× | 1.19× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $344.0M | $616.9M |
| Free Cash FlowOCF − Capex | $286.0M | $370.9M |
| FCF MarginFCF / Revenue | 22.7% | 16.7% |
| Capex IntensityCapex / Revenue | 4.6% | 11.1% |
| Cash ConversionOCF / Net Profit | 5.73× | 1.23× |
| TTM Free Cash FlowTrailing 4 quarters | $453.0M | $1.8B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $344.0M | $616.9M | ||
| Q3 25 | $137.0M | $852.1M | ||
| Q2 25 | $142.0M | $637.2M | ||
| Q1 25 | $26.0M | $594.7M | ||
| Q4 24 | $234.0M | $685.2M | ||
| Q3 24 | $194.0M | $1.2B | ||
| Q2 24 | $114.0M | $690.5M | ||
| Q1 24 | $34.0M | $433.2M |
| Q4 25 | $286.0M | $370.9M | ||
| Q3 25 | $87.0M | $634.8M | ||
| Q2 25 | $97.0M | $444.4M | ||
| Q1 25 | $-17.0M | $312.1M | ||
| Q4 24 | $172.0M | $456.8M | ||
| Q3 24 | $161.0M | $854.0M | ||
| Q2 24 | $91.0M | $315.2M | ||
| Q1 24 | $12.0M | $76.0M |
| Q4 25 | 22.7% | 16.7% | ||
| Q3 25 | 6.8% | 25.6% | ||
| Q2 25 | 7.4% | 17.7% | ||
| Q1 25 | -1.3% | 14.4% | ||
| Q4 24 | 13.1% | 18.5% | ||
| Q3 24 | 12.2% | 29.3% | ||
| Q2 24 | 6.7% | 11.8% | ||
| Q1 24 | 0.9% | 3.6% |
| Q4 25 | 4.6% | 11.1% | ||
| Q3 25 | 3.9% | 8.8% | ||
| Q2 25 | 3.4% | 7.7% | ||
| Q1 25 | 3.4% | 13.1% | ||
| Q4 24 | 4.7% | 9.3% | ||
| Q3 24 | 2.5% | 11.2% | ||
| Q2 24 | 1.7% | 14.1% | ||
| Q1 24 | 1.7% | 16.7% |
| Q4 25 | 5.73× | 1.23× | ||
| Q3 25 | 1.25× | 1.83× | ||
| Q2 25 | 1.30× | 1.23× | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 1.71× | 1.11× | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 1.02× | 0.79× | ||
| Q1 24 | 0.83× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
