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Apr 28, 2026·SEC
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PPG Industries, Inc.(PPG)Earnings, Financials & Key Ratios
PPG•NYSE
$106.41
$23.81B mkt cap·15.4× P/E·Price updated May 6, 2026
SectorBasic MaterialsIndustrySpecialty ChemicalsSub-IndustryCoatings, adhesives and construction chemicals
AboutPPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. It also provides coatings and finishes for the protection of metals and structures, such as metal fabricators, heavy duty maintenance contractors, and manufacturers of ships, bridges, and rail cars; paints, wood stains, adhesives, and purchased sundries for painting and maintenance contractors, and consumers for decoration and maintenance of residential and commercial building structures; and paints, thermoplastics, pavement marking products, and other technologies for pavement marking. The company's Industrial Coatings segment offers coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for metal cans, closures, plastic tubes, and promotional and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.Show more
- Revenue$15.88B+0.2%
- EBITDA$2.7B-3.0%
- Net Income$1.58B+41.2%
- EPS (Diluted)6.92+45.7%
- Gross Margin37.99%-8.7%
- EBITDA Margin16.99%-3.1%
- Operating Margin13.66%-5.3%
- Net Margin9.93%+41.0%
- ROE92.19%+518.9%
- ROIC23.53%+73.0%
- Interest Coverage9.49+9.2%
PPG Key Insights
PPG Industries, Inc. (PPG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 41.4%
- ✓Strong Piotroski F-Score: 7/9
- ✓15 consecutive years of dividend growth
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 2.6%
- ✓Share count reduced 3.3% through buybacks
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
PPG Price & Volume
PPG Industries, Inc. (PPG) stock price & volume — 10-year historical chart
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PPG Growth Metrics
PPG Industries, Inc. (PPG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.09%
5 Years2.79%
3 Years0.55%
TTM9.97%
Profit CAGR
10 Years1.15%
5 Years8.28%
3 Years15.38%
TTM45.55%
EPS CAGR
10 Years3.02%
5 Years9.23%
3 Years17.01%
TTM50.11%
Return on Capital
10 Years14.33%
5 Years14.61%
3 Years17.35%
Last Year24.82%
PPG Recent Earnings
PPG Industries, Inc. (PPG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 28, 2026EPS
$1.83
Est $1.78
+2.8%
Revenue
$3.9B
Est $3.9B
+2.0%
Q1 2026
Jan 27, 2026EPS
$1.51
Est $1.58
-4.4%
Revenue
$3.9B
Est $3.8B
+3.5%
Q4 2025
Oct 28, 2025EPS
$2.13
Est $2.10
+1.4%
Revenue
$4.1B
Est $4.0B
+0.9%
Q3 2025
Jul 29, 2025EPS
$2.22
Est $2.23
-0.4%
Revenue
$4.2B
Est $4.2B
+0.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $1.83vs $1.78+2.8% | $3.9Bvs $3.9B+2.0% |
| Q1 2026 | Jan 27, 2026 | $1.51vs $1.58-4.4% | $3.9Bvs $3.8B+3.5% |
| Q4 2025 | Oct 28, 2025 | $2.13vs $2.10+1.4% | $4.1Bvs $4.0B+0.9% |
| Q3 2025 | Jul 29, 2025 | $2.22vs $2.23-0.4% | $4.2Bvs $4.2B+0.8% |
Based on last 12 quarters of dataView full earnings history →
PPG Peer Comparison
PPG Industries, Inc. (PPG) competitors in Coatings, adhesives and construction chemicals — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SHW | 77.06B | 312.46 | 30.42 | 2.06% | 10.86% | 58.23% | 3.44% | 3.16 |
 RPM | 12.73B | 99.41 | 18.58 | 0.51% | 8.79% | 21.29% | 4.23% | 1.03 |
 AXTA | 5.8B | 27.16 | 15.61 | -3.01% | 7.22% | 15.54% | 7.82% | 1.42 |
 DOW | 29.36B | 40.80 | -11.06 | -6.97% | -7.02% | -15.35% | 1.12 | |
 LYB | 25.05B | 77.76 | -33.09 | -25.18% | -3.44% | -7.2% | 1.53% | 1.56 |
 EMN | 8.84B | 77.29 | 18.85 | -6.71% | 4.62% | 6.69% | 4.8% | 0.84 |
 HUN | 2.61B | 14.99 | -9.43 | -5.85% | -5.69% | -8.14% | 4.45% | 0.92 |
 CE | 7.72B | 69.00 | -6.49 | -7.16% | -10.79% | -21.51% | 10.4% | 2.89 |
Compare PPG vs Peers
PPG Industries, Inc. (PPG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PPG Income Statement
PPG Industries, Inc. (PPG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 14.75B | 15.37B | 15.15B | 13.83B | 16.8B | 15.61B | 16.24B | 15.85B | 15.88B | 16.12B |
| Revenue Growth % | 3.35% | 4.24% | -1.48% | -8.66% | 21.45% | -7.07% | 4.02% | -2.44% | 0.19% | 9.97% |
| Cost of Goods Sold | 8.21B | 9B | 8.65B | 7.78B | 10.29B | 9.97B | 9.68B | 9.25B | 9.84B | 9.58B |
| COGS % of Revenue | 55.66% | 58.55% | 57.13% | 56.22% | 61.22% | 63.89% | 59.59% | 58.39% | 62.01% | - |
| Gross Profit | 6.54B▲ 0% | 6.37B▼ 2.5% | 6.49B▲ 1.9% | 6.06B▼ 6.7% | 6.52B▲ 7.6% | 5.64B▼ 13.5% | 6.56B▲ 16.4% | 6.59B▲ 0.4% | 6.03B▼ 8.5% | 6.54B▲ 0% |
| Gross Margin % | 44.34% | 41.45% | 42.87% | 43.78% | 38.78% | 36.12% | 40.41% | 41.61% | 37.99% | 40.56% |
| Gross Profit Growth % | -1% | -2.54% | 1.88% | -6.71% | 7.58% | -13.46% | 16.4% | 0.44% | -8.52% | - |
| Operating Expenses | 4.53B | 4.51B | 4.55B | 4.28B | 4.83B | 3.97B | 4.53B | 4.31B | 3.86B | 4.47B |
| OpEx % of Revenue | 30.68% | 29.34% | 30.02% | 30.92% | 28.75% | 25.45% | 27.88% | 27.18% | 24.33% | - |
| Selling, General & Admin | 3.61B | 3.57B | 3.6B | 3.39B | 3.83B | 3.04B | 3.59B | 3.39B | 3.44B | 3.49B |
| SG&A % of Revenue | 24.5% | 23.24% | 23.8% | 24.5% | 22.79% | 19.45% | 22.11% | 21.4% | 21.66% | - |
| Research & Development | 451M | 441M | 432M | 379M | 439M | 434M | 424M | 423M | 423M | 434M |
| R&D % of Revenue | 3.06% | 2.87% | 2.85% | 2.74% | 2.61% | 2.78% | 2.61% | 2.67% | 2.66% | - |
| Other Operating Expenses | 460M | 497M | 511M | 509M | 561M | 502M | 514M | 492M | 0 | 3M |
| Operating Income | 2.01B▲ 0% | 1.86B▼ 7.5% | 1.95B▲ 4.5% | 1.78B▼ 8.5% | 1.69B▼ 5.3% | 1.67B▼ 1.2% | 2.04B▲ 22.1% | 2.29B▲ 12.4% | 2.17B▼ 5.2% | 2.06B▲ 0% |
| Operating Margin % | 13.66% | 12.11% | 12.85% | 12.87% | 10.03% | 10.67% | 12.53% | 14.43% | 13.66% | 12.8% |
| Operating Income Growth % | 69.39% | -7.55% | 4.51% | -8.53% | -5.28% | -1.19% | 22.15% | 12.38% | -5.16% | - |
| EBITDA | 2.47B | 2.36B | 2.46B | 2.29B | 2.25B | 2.17B | 2.55B | 2.78B | 2.7B | 2.6B |
| EBITDA Margin % | 16.78% | 15.34% | 16.22% | 16.55% | 13.37% | 13.88% | 15.69% | 17.54% | 16.99% | 16.14% |
| EBITDA Growth % | 51.87% | -4.65% | 4.15% | -6.84% | -1.83% | -3.52% | 17.57% | 9.02% | -2.95% | -2.03% |
| D&A (Non-Cash Add-back) | 460M | 497M | 511M | 509M | 561M | 502M | 514M | 492M | 528M | 539M |
| EBIT | 2.11B | 1.81B | 1.79B | 1.5B | 1.94B | 1.52B | 1.94B | 2.09B | 2.29B | 2.25B |
| Net Interest Income | -85M | -95M | -100M | -115M | -95M | -113M | -107M | -64M | -88M | -99M |
| Interest Income | 20M | 23M | 32M | 23M | 26M | 54M | 140M | 177M | 153M | 147M |
| Interest Expense | 105M | 118M | 132M | 138M | 121M | 167M | 247M | 241M | 241M | 246M |
| Other Income/Expense | -9M | -169M | -285M | -418M | 129M | -311M | -345M | -435M | -124M | -3M |
| Pretax Income | 2B▲ 0% | 1.69B▼ 15.6% | 1.66B▼ 1.9% | 1.36B▼ 18.0% | 1.81B▲ 33.3% | 1.35B▼ 25.3% | 1.69B▲ 24.7% | 1.85B▲ 9.6% | 2.04B▲ 10.4% | 2.06B▲ 0% |
| Pretax Margin % | 13.6% | 11.01% | 10.97% | 9.85% | 10.8% | 8.68% | 10.41% | 11.69% | 12.88% | 12.78% |
| Income Tax | 615M | 353M | 392M | 291M | 374M | 320M | 428M | 475M | 458M | 468M |
| Effective Tax Rate % | 30.67% | 20.85% | 23.6% | 21.37% | 20.61% | 23.62% | 25.33% | 25.65% | 22.4% | 22.72% |
| Net Income | 1.59B▲ 0% | 1.34B▼ 15.9% | 1.24B▼ 7.3% | 1.06B▼ 14.8% | 1.44B▲ 35.9% | 1.03B▼ 28.7% | 1.27B▲ 23.8% | 1.12B▼ 12.1% | 1.58B▲ 41.2% | 1.58B▲ 0% |
| Net Margin % | 10.81% | 8.72% | 8.21% | 7.66% | 8.56% | 6.57% | 7.82% | 7.04% | 9.93% | 9.83% |
| Net Income Growth % | 82.59% | -15.87% | -7.31% | -14.8% | 35.88% | -28.7% | 23.78% | -12.13% | 41.22% | 45.55% |
| Net Income (Continuing) | 1.39B | 1.34B | 1.27B | 1.07B | 1.44B | 1.03B | 1.26B | 1.38B | 1.59B | 1.59B |
| Discontinued Operations | 225M | 18M | 0 | 3M | 19M | 19M | 47M | -228M | 5M | 0 |
| Minority Interest | 115M | 102M | 119M | 126M | 125M | 117M | 191M | 177M | 0 | 150M |
| EPS (Diluted) | 6.18▲ 0% | 5.46▼ 11.7% | 5.22▼ 4.4% | 4.45▼ 14.8% | 6.01▲ 35.1% | 4.32▼ 28.1% | 5.35▲ 23.8% | 4.75▼ 11.2% | 6.92▲ 45.7% | 7.06▲ 0% |
| EPS Growth % | 88.41% | -11.65% | -4.4% | -14.75% | 35.06% | -28.12% | 23.84% | -11.21% | 45.68% | 50.11% |
| EPS (Basic) | 6.22 | 5.50 | 5.25 | 4.47 | 6.06 | 4.35 | 5.38 | 4.77 | 6.96 | - |
| Diluted Shares Outstanding | 257.8M | 245.4M | 238.2M | 237.9M | 239.4M | 237.3M | 237.2M | 234.9M | 227.1M | 224.4M |
| Basic Shares Outstanding | 256.1M | 243.9M | 236.9M | 236.8M | 237.6M | 236.1M | 236M | 233.8M | 226.3M | 223.7M |
| Dividend Payout Ratio | 27.23% | 33.78% | 37.65% | 46.84% | 37.25% | 55.56% | 47.09% | 55.73% | 39.85% | - |
PPG Balance Sheet
PPG Industries, Inc. (PPG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 6.48B | 5.96B | 6.17B | 6.8B | 6.77B | 7.17B | 7.43B | 6.56B | 7.96B | 7.97B |
| Cash & Short-Term Investments | 1.49B | 963M | 1.27B | 1.92B | 1.07B | 1.15B | 1.57B | 1.36B | 2.22B | 1.62B |
| Cash Only | 1.44B | 902M | 1.22B | 1.83B | 1B | 1.1B | 1.49B | 1.27B | 2.16B | 1.57B |
| Short-Term Investments | 55M | 61M | 57M | 96M | 67M | 55M | 75M | 88M | 56M | 51M |
| Accounts Receivable | 2.9B | 2.85B | 2.76B | 2.73B | 3.15B | 3.3B | 3.01B | 2.98B | 3.34B | 3.68B |
| Days Sales Outstanding | 71.85 | 67.54 | 66.42 | 71.92 | 68.47 | 77.21 | 67.58 | 68.76 | 76.7 | 82.76 |
| Inventory | 1.73B | 1.78B | 1.71B | 1.74B | 2.17B | 2.27B | 1.93B | 1.85B | 2B | 2.16B |
| Days Inventory Outstanding | 76.92 | 72.3 | 72.13 | 81.43 | 77.04 | 83.14 | 72.94 | 72.83 | 74.01 | 81.55 |
| Other Current Assets | 353M | 370M | 431M | 415M | 379M | 444M | 922M | 368M | 408M | 508M |
| Total Non-Current Assets | 10.06B | 10.05B | 11.54B | 12.76B | 14.58B | 13.57B | 14.22B | 12.88B | 0 | 14.18B |
| Property, Plant & Equipment | 2.82B | 2.81B | 3.77B | 3.97B | 4.33B | 4.16B | 4.02B | 4.06B | 0 | 4.6B |
| Fixed Asset Turnover | 5.22x | 5.48x | 4.02x | 3.48x | 3.88x | 3.76x | 4.04x | 3.90x | - | 7.23x |
| Goodwill | 3.94B | 4.07B | 4.47B | 5.1B | 6.25B | 6.08B | 6.12B | 5.69B | 0 | 6.15B |
| Intangible Assets | 2.04B | 1.97B | 2.13B | 2.35B | 2.78B | 2.41B | 2.26B | 1.92B | 0 | 1.96B |
| Long-Term Investments | 268M | 251M | 258M | 267M | 274M | 244M | 254M | 331M | 0 | 1.03B |
| Other Non-Current Assets | 677M | 727M | 694M | 685M | 742M | 583M | 1.29B | 569M | 0 | 6.7B |
| Total Assets | 16.54B▲ 0% | 16.02B▼ 3.2% | 17.71B▲ 10.6% | 19.56B▲ 10.4% | 21.35B▲ 9.2% | 20.74B▼ 2.8% | 21.65B▲ 4.4% | 19.43B▼ 10.2% | 7.96B▼ 59.0% | 22.15B▲ 0% |
| Asset Turnover | 0.89x | 0.96x | 0.86x | 0.71x | 0.79x | 0.75x | 0.75x | 0.82x | 1.99x | 0.87x |
| Asset Growth % | 4.86% | -3.16% | 10.57% | 10.44% | 9.18% | -2.84% | 4.35% | -10.23% | -59.04% | -51.26% |
| Total Current Liabilities | 3.9B | 4.37B | 4.38B | 4.83B | 4.77B | 4.72B | 5.05B | 5.01B | 4.9B | 4.95B |
| Accounts Payable | 3.16B | 3.01B | 2.91B | 3.16B | 3.73B | 3.47B | 3.31B | 3.04B | 3.96B | 4B |
| Days Payables Outstanding | 140.59 | 121.94 | 122.75 | 148.12 | 132.54 | 127.05 | 124.72 | 119.73 | 146.72 | 152.03 |
| Short-Term Debt | 12M | 651M | 513M | 578M | 9M | 313M | 306M | 939M | 844M | 874M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 180M | 179M | 281M | 366M | 260M | 215M | 555M | 294M | 99M | 78M |
| Current Ratio | 1.66x | 1.36x | 1.41x | 1.41x | 1.42x | 1.52x | 1.47x | 1.31x | 1.62x | 1.62x |
| Quick Ratio | 1.22x | 0.96x | 1.02x | 1.05x | 0.97x | 1.04x | 1.09x | 0.94x | 1.22x | 1.22x |
| Cash Conversion Cycle | 8.18 | 17.91 | 15.8 | 5.23 | 12.97 | 33.3 | 15.79 | 21.85 | 3.99 | 12.28 |
| Total Non-Current Liabilities | 6.97B | 6.91B | 7.93B | 8.91B | 10.17B | 9.31B | 8.57B | 7.46B | 6.6B | 8.94B |
| Long-Term Debt | 4.13B | 4.37B | 4.54B | 5.17B | 6.57B | 6.5B | 5.75B | 4.88B | 6.6B | 6.4B |
| Capital Lease Obligations | 0 | 0 | 622M | 677M | 693M | 636M | 417M | 454M | 0 | 1.4B |
| Deferred Tax Liabilities | 442M | 429M | 452M | 435M | 646M | 501M | 500M | 405M | 0 | 1.5B |
| Other Non-Current Liabilities | 2.4B | 2.12B | 2.32B | 2.63B | 2.26B | 1.67B | 1.91B | 1.72B | 0 | 4.54B |
| Total Liabilities | 10.87B | 11.28B | 12.3B | 13.74B | 14.94B | 14.04B | 13.62B | 12.47B | 11.5B | 13.9B |
| Total Debt | 4.15B | 5.02B | 5.84B | 6.61B | 7.47B | 7.63B | 6.6B | 6.39B | 7.45B | 7.73B |
| Net Debt | 2.71B | 4.11B | 4.63B | 4.78B | 6.46B | 6.54B | 5.11B | 5.13B | 5.28B | 6.16B |
| Debt / Equity | 0.73x | 1.06x | 1.08x | 1.14x | 1.16x | 1.14x | 0.82x | 0.92x | - | 0.94x |
| Debt / EBITDA | 1.68x | 2.13x | 2.38x | 2.89x | 3.32x | 3.52x | 2.59x | 2.30x | 2.76x | 2.97x |
| Net Debt / EBITDA | 1.10x | 1.74x | 1.88x | 2.09x | 2.88x | 3.01x | 2.00x | 1.84x | 1.96x | 1.96x |
| Interest Coverage | 20.10x | 15.35x | 13.58x | 10.87x | 16.00x | 9.11x | 7.84x | 8.68x | 9.49x | 9.16x |
| Total Equity | 5.67B▲ 0% | 4.73B▼ 16.6% | 5.4B▲ 14.2% | 5.82B▲ 7.6% | 6.41B▲ 10.2% | 6.71B▲ 4.6% | 8.02B▲ 19.6% | 6.96B▼ 13.2% | -3.54B▼ 150.9% | 8.25B▲ 0% |
| Equity Growth % | 15.47% | -16.59% | 14.18% | 7.63% | 10.25% | 4.65% | 19.59% | -13.22% | -150.89% | -137.24% |
| Book Value per Share | 22.01 | 19.28 | 22.68 | 24.44 | 26.78 | 28.27 | 33.82 | 29.64 | -15.60 | 36.78 |
| Total Shareholders' Equity | 5.56B | 4.63B | 5.28B | 5.69B | 6.29B | 6.59B | 7.83B | 6.79B | -3.54B | 8.1B |
| Common Stock | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 0 | 969M |
| Retained Earnings | 17.14B | 18.13B | 18.91B | 19.47B | 20.37B | 20.83B | 21.5B | 21.99B | 0 | 23.16B |
| Treasury Stock | -11.25B | -12.96B | -13.19B | -13.16B | -13.39B | -13.53B | -13.6B | -14.34B | 0 | -15.21B |
| Accumulated OCI | -2.06B | -2.3B | -2.35B | -2.6B | -2.75B | -2.81B | -2.24B | -3.11B | 0 | -2.18B |
| Minority Interest | 115M | 102M | 119M | 126M | 125M | 117M | 191M | 177M | 0 | 150M |
PPG Cash Flow Statement
PPG Industries, Inc. (PPG) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.57B | 1.47B | 2.08B | 2.13B | 1.56B | 963M | 2.41B | 1.42B | 1.94B | 1.94B |
| Operating CF Margin % | 10.63% | 9.54% | 13.73% | 15.4% | 9.3% | 6.17% | 14.84% | 8.96% | 12.23% | - |
| Operating CF Growth % | 18.34% | -6.44% | 41.79% | 2.4% | -26.67% | -38.35% | 150.36% | -41.1% | 36.69% | 434.8% |
| Net Income | 1.39B | 1.34B | 1.27B | 1.07B | 1.44B | 1.03B | 1.26B | 1.38B | 1.57B | 1.58B |
| Depreciation & Amortization | 460M | 497M | 511M | 509M | 561M | 502M | 514M | 492M | 546M | 541M |
| Stock-Based Compensation | 35M | 37M | 39M | 44M | 57M | 34M | 56M | 42M | 0 | 24M |
| Deferred Taxes | 36M | 45M | -5M | -47M | 35M | -151M | -187M | -97M | -27M | 4M |
| Other Non-Cash Items | -9M | -46M | 215M | 212M | -344M | -25M | 478M | 207M | -32M | 38M |
| Working Capital Changes | -346M | -406M | 51M | 341M | -188M | -432M | 288M | -601M | -117M | -204M |
| Change in Receivables | -76M | -69M | 121M | 187M | -63M | -248M | 12M | -181M | -190M | -137M |
| Change in Inventory | -116M | -109M | 145M | 111M | -279M | -177M | 145M | -27M | -35M | 39M |
| Change in Payables | 188M | -76M | -63M | 127M | 295M | 21M | 151M | -259M | 67M | 74M |
| Cash from Investing | -67M | -764M | -1.01B | -1.45B | -2.4B | -461M | -556M | 107M | -700M | -811M |
| Capital Expenditures | -360M | -411M | -413M | -304M | -371M | -486M | -516M | -721M | -778M | -765M |
| CapEx % of Revenue | 2.44% | 2.67% | 2.73% | 2.2% | 2.21% | 3.11% | 3.18% | 4.55% | 4.9% | - |
| Acquisitions | 268M | -378M | -643M | -1.17B | -2.14B | 3M | -73M | 294M | 42M | -37M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 22M | 30M | 27M | 9M | 104M | 22M | 33M | 534M | 36M | -9M |
| Cash from Financing | -1.95B | -1.21B | -758M | -59M | 93M | -409M | -1.55B | -1.43B | -545M | -1.58B |
| Debt Issued (Net) | -681M | 983M | 35M | 445M | 827M | 377M | -850M | -26M | 903M | 429M |
| Equity Issued (Net) | -761M | -1.74B | -345M | 54M | -210M | -190M | -86M | -752M | -790M | -492M |
| Dividends Paid | -434M | -453M | -468M | -496M | -536M | -570M | -598M | -622M | -628M | -633M |
| Share Repurchases | -813M | -1.72B | -325M | 0 | -210M | -190M | -86M | -752M | -790M | -492M |
| Other Financing | -78M | -29M | -61M | -62M | 12M | -26M | -16M | -25M | -30M | -881M |
| Net Change in Cash | -384M▲ 0% | -534M▼ 39.1% | 314M▲ 158.8% | 610M▲ 94.3% | -821M▼ 234.6% | 94M▲ 111.4% | 394M▲ 319.1% | -223M▼ 156.6% | 893M▲ 500.4% | -257M▲ 0% |
| Free Cash Flow | 1.21B▲ 0% | 1.06B▼ 12.6% | 1.67B▲ 57.9% | 1.83B▲ 9.5% | 1.19B▼ 34.8% | 477M▼ 59.9% | 1.9B▲ 297.3% | 699M▼ 63.1% | 1.16B▲ 66.4% | 1.23B▲ 0% |
| FCF Margin % | 8.19% | 6.87% | 11.01% | 13.2% | 7.09% | 3.06% | 11.67% | 4.41% | 7.33% | 7.61% |
| FCF Growth % | 30.88% | -12.58% | 57.86% | 9.54% | -34.78% | -59.95% | 297.27% | -63.11% | 66.38% | 56.51% |
| FCF per Share | 4.69 | 4.30 | 7.00 | 7.68 | 4.97 | 2.01 | 7.99 | 2.98 | 5.12 | 5.12 |
| FCF Conversion (FCF/Net Income) | 0.98x | 1.09x | 1.67x | 2.01x | 1.09x | 0.94x | 1.90x | 1.27x | 1.23x | 0.77x |
| Interest Paid | 100M | 108M | 127M | 153M | 140M | 156M | 213M | 0 | 0 | 117M |
| Taxes Paid | 648M | 380M | 348M | 367M | 491M | 452M | 495M | 0 | 0 | 213M |
PPG Key Ratios
PPG Industries, Inc. (PPG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 30.12% | 25.78% | 24.53% | 18.88% | 23.54% | 15.64% | 17.24% | 14.89% | 92.19% | 31.06% |
| Return on Invested Capital (ROIC) | 19.01% | 16.21% | 15.46% | 12.94% | 10.78% | 9.57% | 11.57% | 13.6% | 23.53% | 23.53% |
| Gross Margin | 44.34% | 41.45% | 42.87% | 43.78% | 38.78% | 36.12% | 40.41% | 41.61% | 37.99% | 40.56% |
| Net Margin | 10.81% | 8.72% | 8.21% | 7.66% | 8.56% | 6.57% | 7.82% | 7.04% | 9.93% | 9.83% |
| Debt / Equity | 0.73x | 1.06x | 1.08x | 1.14x | 1.16x | 1.14x | 0.82x | 0.92x | - | 0.94x |
| Interest Coverage | 20.10x | 15.35x | 13.58x | 10.87x | 16.00x | 9.11x | 7.84x | 8.68x | 9.49x | 9.16x |
| FCF Conversion | 0.98x | 1.09x | 1.67x | 2.01x | 1.09x | 0.94x | 1.90x | 1.27x | 1.23x | 0.77x |
| Revenue Growth | 3.35% | 4.24% | -1.48% | -8.66% | 21.45% | -7.07% | 4.02% | -2.44% | 0.19% | 9.97% |
PPG SEC Filings & Documents
PPG Industries, Inc. (PPG) SEC filings — annual & quarterly reports (10-K, 10-Q)
PPG Frequently Asked Questions
PPG Industries, Inc. (PPG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
PPG Industries, Inc. (PPG) reported $16.12B in revenue for fiscal year 2025. This represents a 123% increase from $7.22B in 1996.
PPG Industries, Inc. (PPG) grew revenue by 0.2% over the past year. Growth has been modest.
Yes, PPG Industries, Inc. (PPG) is profitable, generating $1.58B in net income for fiscal year 2025 (9.9% net margin).
Dividend & Returns
Yes, PPG Industries, Inc. (PPG) pays a dividend with a yield of 2.60%. This makes it attractive for income-focused investors.
PPG Industries, Inc. (PPG) has a return on equity (ROE) of 92.2%. This is excellent, indicating efficient use of shareholder capital.
PPG Industries, Inc. (PPG) generated $1.23B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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