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Stock Comparison

PPG vs ECL

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
PPG
PPG Industries, Inc.

Chemicals - Specialty

Basic MaterialsNYSE • US
Market Cap$24.96B
5Y Perf.+9.7%
ECL
Ecolab Inc.

Chemicals - Specialty

Basic MaterialsNYSE • US
Market Cap$74.40B
5Y Perf.+23.9%

PPG vs ECL — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
PPG logoPPG
ECL logoECL
IndustryChemicals - SpecialtyChemicals - Specialty
Market Cap$24.96B$74.40B
Revenue (TTM)$16.12B$16.08B
Net Income (TTM)$1.58B$2.08B
Gross Margin40.6%44.5%
Operating Margin12.8%17.7%
Forward P/E14.1x31.5x
Total Debt$7.45B$9.43B
Cash & Equiv.$2.16B$646M

PPG vs ECLLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

PPG
ECL
StockMay 20May 26Return
PPG Industries, Inc. (PPG)100109.7+9.7%
Ecolab Inc. (ECL)100123.9+23.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: PPG vs ECL

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: ECL leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. PPG Industries, Inc. is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
PPG
PPG Industries, Inc.
The Income Pick

PPG is the clearest fit if your priority is income & stability and defensive.

  • Dividend streak 15 yrs, beta 1.07, yield 2.5%
  • Beta 1.07, yield 2.5%, current ratio 1.62x
  • Lower P/E (14.1x vs 31.5x)
Best for: income & stability and defensive
ECL
Ecolab Inc.
The Growth Play

ECL carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.

  • Rev growth 2.2%, EPS growth -1.2%, 3Y rev CAGR 4.3%
  • 142.1% 10Y total return vs PPG's 23.5%
  • Lower volatility, beta 0.63, Low D/E 96.2%, current ratio 1.08x
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthECL logoECL2.2% revenue growth vs PPG's 0.2%
ValuePPG logoPPGLower P/E (14.1x vs 31.5x)
Quality / MarginsECL logoECL12.9% margin vs PPG's 9.8%
Stability / SafetyECL logoECLBeta 0.63 vs PPG's 1.07
DividendsPPG logoPPG2.5% yield, 15-year raise streak, vs ECL's 1.0%
Momentum (1Y)ECL logoECL+5.4% vs PPG's +5.3%
Efficiency (ROA)ECL logoECL8.8% ROA vs PPG's 8.5%, ROIC 12.7% vs 23.5%

PPG vs ECL — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

PPGPPG Industries, Inc.
FY 2025
Industrial Coatings
41.1%$6.5B
Performance Coatings
34.7%$5.5B
Global Architectural Coatings
24.2%$3.8B
ECLEcolab Inc.
FY 2025
Global Water
49.6%$8.0B
Global Institutional and Specialty
38.0%$6.1B
Global Pest Elimination
7.8%$1.2B
Global Life Sciences
4.7%$748M

PPG vs ECL — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLPPGLAGGINGECL

Income & Cash Flow (Last 12 Months)

ECL leads this category, winning 5 of 6 comparable metrics.

PPG and ECL operate at a comparable scale, with $16.1B and $16.1B in trailing revenue. Profitability is closely matched — net margins range from 12.9% (ECL) to 9.8% (PPG).

MetricPPG logoPPGPPG Industries, I…ECL logoECLEcolab Inc.
RevenueTrailing 12 months$16.1B$16.1B
EBITDAEarnings before interest/tax$2.6B$3.5B
Net IncomeAfter-tax profit$1.6B$2.1B
Free Cash FlowCash after capex$1.2B$1.9B
Gross MarginGross profit ÷ Revenue+40.6%+44.5%
Operating MarginEBIT ÷ Revenue+12.8%+17.7%
Net MarginNet income ÷ Revenue+9.8%+12.9%
FCF MarginFCF ÷ Revenue+7.6%+11.8%
Rev. Growth (YoY)Latest quarter vs prior year+6.7%+4.8%
EPS Growth (YoY)Latest quarter vs prior year+4.3%+19.3%
ECL leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

PPG leads this category, winning 5 of 5 comparable metrics.

At 16.1x trailing earnings, PPG trades at a 55% valuation discount to ECL's 36.2x P/E. On an enterprise value basis, PPG's 11.2x EV/EBITDA is more attractive than ECL's 23.2x.

MetricPPG logoPPGPPG Industries, I…ECL logoECLEcolab Inc.
Market CapShares × price$25.0B$74.4B
Enterprise ValueMkt cap + debt − cash$30.2B$83.2B
Trailing P/EPrice ÷ TTM EPS16.12x36.18x
Forward P/EPrice ÷ next-FY EPS est.14.15x31.46x
PEG RatioP/E ÷ EPS growth rate1.75x
EV / EBITDAEnterprise value multiple11.21x23.20x
Price / SalesMarket cap ÷ Revenue1.57x4.63x
Price / BookPrice ÷ Book value/share7.66x
Price / FCFMarket cap ÷ FCF21.46x39.07x
PPG leads this category, winning 5 of 5 comparable metrics.

Profitability & Efficiency

PPG leads this category, winning 6 of 8 comparable metrics.

PPG delivers a 31.1% return on equity — every $100 of shareholder capital generates $31 in annual profit, vs $22 for ECL. On the Piotroski fundamental quality scale (0–9), PPG scores 7/9 vs ECL's 5/9, reflecting strong financial health.

MetricPPG logoPPGPPG Industries, I…ECL logoECLEcolab Inc.
ROE (TTM)Return on equity+31.1%+22.0%
ROA (TTM)Return on assets+8.5%+8.8%
ROICReturn on invested capital+23.5%+12.7%
ROCEReturn on capital employed+24.8%+15.8%
Piotroski ScoreFundamental quality 0–975
Debt / EquityFinancial leverage0.96x
Net DebtTotal debt minus cash$5.3B$8.8B
Cash & Equiv.Liquid assets$2.2B$646M
Total DebtShort + long-term debt$7.4B$9.4B
Interest CoverageEBIT ÷ Interest expense9.16x9.82x
PPG leads this category, winning 6 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

ECL leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in ECL five years ago would be worth $12,030 today (with dividends reinvested), compared to $6,905 for PPG. Over the past 12 months, ECL leads with a +5.4% total return vs PPG's +5.3%. The 3-year compound annual growth rate (CAGR) favors ECL at 16.2% vs PPG's -4.8% — a key indicator of consistent wealth creation.

MetricPPG logoPPGPPG Industries, I…ECL logoECLEcolab Inc.
YTD ReturnYear-to-date+7.6%+0.6%
1-Year ReturnPast 12 months+5.3%+5.4%
3-Year ReturnCumulative with dividends-13.8%+56.7%
5-Year ReturnCumulative with dividends-30.9%+20.3%
10-Year ReturnCumulative with dividends+23.5%+142.1%
CAGR (3Y)Annualised 3-year return-4.8%+16.2%
ECL leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

ECL leads this category, winning 2 of 2 comparable metrics.

ECL is the less volatile stock with a 0.63 beta — it tends to amplify market swings less than PPG's 1.07 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.

MetricPPG logoPPGPPG Industries, I…ECL logoECLEcolab Inc.
Beta (5Y)Sensitivity to S&P 5001.07x0.63x
52-Week HighHighest price in past year$133.43$309.27
52-Week LowLowest price in past year$93.39$249.04
% of 52W HighCurrent price vs 52-week peak+83.6%+85.2%
RSI (14)Momentum oscillator 0–10046.338.4
Avg Volume (50D)Average daily shares traded2.0M1.4M
ECL leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

PPG leads this category, winning 2 of 2 comparable metrics.

Wall Street rates PPG as "Buy" and ECL as "Buy". Consensus price targets imply 24.2% upside for ECL (target: $327) vs 14.5% for PPG (target: $128). For income investors, PPG offers the higher dividend yield at 2.48% vs ECL's 1.00%.

MetricPPG logoPPGPPG Industries, I…ECL logoECLEcolab Inc.
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$127.67$327.11
# AnalystsCovering analysts3837
Dividend YieldAnnual dividend ÷ price+2.5%+1.0%
Dividend StreakConsecutive years of raises1512
Dividend / ShareAnnual DPS$2.77$2.64
Buyback YieldShare repurchases ÷ mkt cap+3.2%+1.1%
PPG leads this category, winning 2 of 2 comparable metrics.
Key Takeaway

ECL leads in 3 of 6 categories (Income & Cash Flow, Total Returns). PPG leads in 3 (Valuation Metrics, Profitability & Efficiency).

Best OverallPPG Industries, Inc. (PPG)Leads 3 of 6 categories
Loading custom metrics...

PPG vs ECL: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is PPG or ECL a better buy right now?

For growth investors, Ecolab Inc.

(ECL) is the stronger pick with 2. 2% revenue growth year-over-year, versus 0. 2% for PPG Industries, Inc. (PPG). PPG Industries, Inc. (PPG) offers the better valuation at 16. 1x trailing P/E (14. 1x forward), making it the more compelling value choice. Analysts rate PPG Industries, Inc. (PPG) a "Buy" — based on 38 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — PPG or ECL?

On trailing P/E, PPG Industries, Inc.

(PPG) is the cheapest at 16. 1x versus Ecolab Inc. at 36. 2x. On forward P/E, PPG Industries, Inc. is actually cheaper at 14. 1x.

03

Which is the better long-term investment — PPG or ECL?

Over the past 5 years, Ecolab Inc.

(ECL) delivered a total return of +20. 3%, compared to -30. 9% for PPG Industries, Inc. (PPG). Over 10 years, the gap is even starker: ECL returned +142. 1% versus PPG's +23. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — PPG or ECL?

By beta (market sensitivity over 5 years), Ecolab Inc.

(ECL) is the lower-risk stock at 0. 63β versus PPG Industries, Inc. 's 1. 07β — meaning PPG is approximately 71% more volatile than ECL relative to the S&P 500.

05

Which is growing faster — PPG or ECL?

By revenue growth (latest reported year), Ecolab Inc.

(ECL) is pulling ahead at 2. 2% versus 0. 2% for PPG Industries, Inc. (PPG). On earnings-per-share growth, the picture is similar: PPG Industries, Inc. grew EPS 45. 7% year-over-year, compared to -1. 2% for Ecolab Inc.. Over a 3-year CAGR, ECL leads at 4. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — PPG or ECL?

Ecolab Inc.

(ECL) is the more profitable company, earning 12. 9% net margin versus 9. 9% for PPG Industries, Inc. — meaning it keeps 12. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ECL leads at 18. 1% versus 13. 7% for PPG. At the gross margin level — before operating expenses — ECL leads at 44. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is PPG or ECL more undervalued right now?

On forward earnings alone, PPG Industries, Inc.

(PPG) trades at 14. 1x forward P/E versus 31. 5x for Ecolab Inc. — 17. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ECL: 24. 2% to $327. 11.

08

Which pays a better dividend — PPG or ECL?

All stocks in this comparison pay dividends.

PPG Industries, Inc. (PPG) offers the highest yield at 2. 5%, versus 1. 0% for Ecolab Inc. (ECL).

09

Is PPG or ECL better for a retirement portfolio?

For long-horizon retirement investors, Ecolab Inc.

(ECL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 63), 1. 0% yield, +142. 1% 10Y return). Both have compounded well over 10 years (ECL: +142. 1%, PPG: +23. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between PPG and ECL?

Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: PPG is a mid-cap deep-value stock; ECL is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.

Stocks Like

PPG

Income & Dividend Stock

  • Sector: Basic Materials
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 5%
Run This Screen
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ECL

Stable Dividend Mega-Cap

  • Sector: Basic Materials
  • Market Cap > $100B
  • Net Margin > 7%
  • Dividend Yield > 0.5%
Run This Screen
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Beat Both

Find stocks that outperform PPG and ECL on the metrics below

Revenue Growth>
%
(PPG: 6.7% · ECL: 4.8%)
Net Margin>
%
(PPG: 9.8% · ECL: 12.9%)
P/E Ratio<
x
(PPG: 16.1x · ECL: 36.2x)

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