Top 20 Global Chemical Companies by Revenue in 2025

The Mosaic Company announced its Q4 and full-year 2025 financial results. Q4 net sales totaled $2.974 billion, up from $2.816 billion year-on-year. Q4 operating loss was $101 million, compared to an operating loss of $99.9 million in the prior-year period. Q4 net loss attributable to the company was $520 million, versus net income of $169 million in the prior-year period. Full-year net sales amounted to $12.052 billion, up from $11.123 billion in 2024. Full-year operating profit was $822 million, up from $622 million. Full-year net income attributable to the company was $541 million, up from $175 million. Coatings PPG Industries announced its Q4 and full-year 2025 financial results. Q4 net sales were $3.914 billion, up 5% year-on-year from $3.729 billion. Q4 net income from continuing operations was $302 million, versus $2 million in the prior-year period. Full-year net sales totaled $15.875 billion, flat year-on-year versus $15.845 billion. Full-year net income from continuing operations was $1.571 billion, up 17% year-on-year from $1.344 billion. AkzoNobel announced its Q4 and full-year 2025 financial results. Q4 revenue was €2.372 billion (approx. $2.782 billion), down 9% year-on-year from €2.619 billion. Q4 operating profit was €787 million, versus €127 million in the prior-year period. Q4 net profit attributable to shareholders was €598 million, versus €21 million in the prior-year period. Full-year revenue was €10.158 billion (approx. $11.9 billion), down 5% year-on-year from €10.711 billion. Full-year operating profit was €1.164 billion, up 27% year-on-year from €917 million. Full-year net profit attributable to shareholders was €635 million, up from €542 million. Nippon Paint Holdings Co., Ltd. announced its 2025 financial results. Full-year revenue was ¥1,774.23 billion (approx. $11.1 billion), up 8.3% year-on-year from ¥1,638.72 billion. Full-year operating profit was ¥257.104 billion, up 38.1% year-on-year from ¥186.206 billion. Full-year net profit attributable to owners of parent was ¥179.8 billion, up 42.8% year-on-year from ¥125.889 billion. Sherwin-Williams announced its Q4 and full-year 2025 financial results. Q4 net sales were $5.596 billion, up from $5.297 billion year-on-year. Q4 net income was $477 million, versus $480 million in the prior-year period. Of this, the Paint Stores Group generated net sales of $3.127 billion; the Performance Coatings Group, $1.642 billion; and the Consumer Brands Group, $825 million. Full-year net sales totaled $23.574 billion, up from $23.1 billion in 2024. Full-year net income was $2.569 billion, down from $2.681 billion.

Volume hasn’t increased significantly, yet profits at a leading powder coatings company continue rising!

This is worth close attention: profitability has risen for five consecutive quarters—clear evidence of the company’s robust earnings resilience. Let’s zoom out further to the first half of 2026. Organic sales remained flat year-on-year, but foreign exchange fluctuations caused reported sales to decline by 5%. Despite pressure on top-line revenue, profits rose逆势—H1 operating profit reached €428 million, up from €406 million year-on-year; adjusted EBITDA grew by an additional €139 million, with margin rising to 14.9%. Data across two consecutive periods confirms the same point: even without explosive market demand growth, AkzoNobel has successfully safeguarded—and expanded—its profit margins through prudent pricing adjustments and sustained internal cost optimization and efficiency improvements. In its earnings call, AkzoNobel’s CEO noted that all key performance indicators advanced steadily this quarter, and the continuously improving margin demonstrates that the company’s strategy effectively navigates volatile market conditions and consistently creates value. The coatings industry has long grappled with raw material price volatility. Many companies struggle to pass on raw material cost increases to downstream customers, resulting in persistent margin compression. By contrast, AkzoNobel has established a stable pricing mechanism, complemented by long-standing cost-control initiatives. Even amid subdued market conditions—without resorting to price wars to win orders—the company secures steady returns, forging a cyclical-resilient business model. Beyond steady short-term execution, two major developments are reshaping the entire coatings industry. First, the company has achieved its low-carbon development target ahead of schedule. It has cut operational carbon emissions by 50%—four years ahead of its original 2030 target. Second, one of the largest mergers in coatings industry history is accelerating. The merger between AkzoNobel and Axalta is progressing as planned, with shareholder voting scheduled for August 5. Assuming smooth execution, the transaction is expected to close formally between late 2026 and early 2027. Upon completion, the complementary product portfolios, markets, and distribution channels of these two industry leaders will significantly reshape the global coatings competitive landscape.

Axalta Coating Systems (AXTA) Reports Higher Sales in Q2, Is the Upside Already Priced In?

Jul 31, 2026

Axalta Coating Systems announced higher Q2 sales but lower net income year-over-year. Analysts suggest the stock is slightly overvalued despite increasing demand for advanced coatings.