PPG's 6.6% Q3 2026 revenue growth and roughly 40% gross margin suggest recovering demand, yet trailing-twelve-month expansion of only 0.2% and operating margin compression from 16.4% (Q2 2024) to 11.0% indicate the architectural divestiture-driven mix shift has not yet proven out.
Price trend, volume and key moving averages
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Q3 2026 revenue of $4.4 billion grew 6.6% with operating margin of 11.0%, but SG&A of $876 million outpaced the prior year's $824 million and operating margin remains well below the 16.4% seen in Q2 2024, suggesting overhead is eroding operating leverage.
PPG is a trusted global leader in coatings and paints, with operations in over 70 countries and a reputation for innovation and expertise.
PPG has a strong brand and competitive moat, supported by its long history, technical expertise, and trusted relationships with leading manufacturers.
PPG offers a wide range of paints, coatings, and specialty materials, catering to both consumer and industrial markets globally.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 27, 2026 | $2.25+6.1% vs $2.12 | $4.4B+1.6% vs $4.3B |
Q3 2026 Jul 28, 2026 | $2.23-0.9% vs $2.25 | $4.5B+3.0% vs $4.4B |
Q2 2026 Apr 28, 2026 | $1.83+2.8% vs $1.78 | $3.9B+2.0% vs $3.9B |
Q1 2026 Jan 27, 2026 | $1.51-4.4% vs $1.58 | $3.9B+3.5% vs $3.8B |
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PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced the appointment of Anthony DeGram as vice president, global supply chain. Reporting to Kevin Braun, PPG senior vice president, operations, DeGram will be responsible for leading PPG's global supply chain team, processes and strategy across the enterprise. “Anthony is an established leader who brings deep supply chain expertise and a strong track record of driving operational excellence,” said Braun. “Those skills will be instrumental.
PPG's Q3 2026 earnings and revenues beat estimates, fueled by aerospace strength, higher prices and volumes, prompting an improved full-year earnings outlook.
PPG Industries, Inc. ( PPG ) Q3 2026 Earnings Call October 28, 2026 8:00 AM EDT Company Participants Alejandro Lopez - Director of Investor Relations Timothy Knavish - CEO & Chairman Jamie Beggs - Senior VP & CFO Conference Call Participants David Begleiter - Deutsche Bank AG, Research Division John McNulty - BMO Capital Markets Equity Research Kevin McCarthy - Vertical Research Partners, LLC Michael Harrison - Seaport Research Partners James Hooper - Bernstein Institutional Services LLC, Research Division Ghansham Panjabi - Robert W. Baird & Co. Incorporated, Research Division Aleksey Yefremov - Barclays Bank PLC, Research Division John Roberts - Mizuho Financial Group, Inc. Matthew DeYoe - BofA Securities, Research Division Jeffrey Zekauskas - JPMorgan Chase & Co, Research Division Patrick Fischer - Goldman Sachs Group, Inc., Research Division Frank Mitsch - Fermium Research, LLC Joshua Spector - UBS Investment Bank, Research Division Salvator Tiano - KeyBanc Capital Markets Inc., Research Division Vincent Andrews - Morgan Stanley, Research Division Eric Boyes - Evercore ISI Institutional Equities, Research Division Arun Viswanathan - RBC Capital Markets, Research Division Abigail Eberts - Wells Fargo Securities, LLC, Research Division Laurence Alexander - Jefferies LLC, Research Division Harris Fein - Wolfe Research, LLC Presentation Operator Good morning.
Benchmark PPG against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for PPG Industries, Inc. (PPG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $122.38 | $27.21B | 17.69 | 0.19% | 9.93% | 92.19% | 2.26% | |
| $344.10 | $83.53B | 33.51 | 2.06% | 10.74% | 63.49% | 0.92% | |
| $103.31 | $13.2B | 19.98 | 6.66% | 8.66% | 21.12% | 2.06% | |
| $36.45 | $7.8B | 20.95 | -3.01% | 6.46% | 13.23% | — | |
| $31.40 | $22.68B | -8.51 | -6.97% | -1.9% | -4.16% | 6.67% | |
| $60.72 | $19.6B | -25.84 | -25.18% | 4.07% | 12.31% | 9.02% |
PPG Industries, Inc. (PPG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
PPG Industries, Inc. (PPG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 27, 2026·SEC
Jul 28, 2026·SEC
Apr 28, 2026·SEC
Feb 19, 2026·SEC
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PPG Industries, Inc. (PPG) stock FAQ — growth, dividends, profitability & financials explained
PPG Industries, Inc. (PPG) reported $16.69B in revenue over the trailing twelve months. Revenue was $15.88B in fiscal year 2025. That is 120% more than the $7.22B of fiscal year 1996.
PPG Industries, Inc. (PPG) grew revenue by 0.2% in fiscal year 2025, compared with the prior fiscal year.
Yes. PPG Industries, Inc. (PPG) earned $1.57B in net income over the trailing twelve months (a 9.4% net margin).
Yes. PPG Industries, Inc. (PPG) pays a dividend that yields 2.26% at the current price, a moderate yield.
PPG Industries, Inc. (PPG) had a return on equity (ROE) of 92.2% in fiscal year 2025. That is well above the market's typical 10-15%.
PPG Industries, Inc. (PPG) generated $1.28B in free cash flow over the trailing twelve months.
