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Stock research / United States / PPG · Paints, Varnishes, Lacquers, Enamels & Allied Prods · NYSE

PPG Industries Inc. (PPG)

PPG Industries manufactures and distributes a broad range of paints, coatings and specialty products. It was incorporated in Pennsylvania in 1883 and reports that it markets and sells in more than 50 countries. End uses include industrial equipment and components, packaging material, aircraft and marine equipment, automotive original equipment, automotive refinish and aftermarket, pavement marking products and other industrial and consumer products. It also serves commercial and residential new build and maintenance customers, supplying painting and maintenance contractors and selling directly to consumers. The filing describes the coatings industry as highly competitive, with several large firms of global presence alongside many firms supplying local or regional markets. There are three reportable segments: Global Architectural Coatings, Performance Coatings and Industrial Coatings.

PPG Industries Inc.

PPG Industries manufactures and distributes a broad range of paints, coatings and specialty products. It was incorporated in Pennsylvania in 1883 and reports that it markets and sells in more than 50 countries. End uses include industrial equipment and components, packaging material, aircraft and marine equipment, automotive original equipment, automotive refinish and aftermarket, pavement marking products and other industrial and consumer products. It also serves commercial and residential new build and maintenance customers, supplying painting and maintenance contractors and selling directly to consumers. The filing describes the coatings industry as highly competitive, with several large firms of global presence alongside many firms supplying local or regional markets. There are three reportable segments: Global Architectural Coatings, Performance Coatings and Industrial Coatings.

Architectural coatings

This segment supplies decorative coatings, adhesives, sealants and finishes along with paint strippers, stains and related chemicals, to painting and maintenance contractors and to consumers decorating and maintaining residential and commercial building structures. It is run as two units, one covering Latin America and Asia Pacific and one covering Europe, the Middle East and Africa. Products reach the buyer through company-owned stores, home centers and other regional or national consumer retail outlets, paint dealers, concessionaires, independent distributors and direct to consumers. Brands include COMEX, PPG, GLIDDEN, TAUBMANS and TIKKURILA in the first unit, and SIGMA, HISTOR, SEIGNEURIE, JOHNSTONE'S, LEYLAND, DEKORAL and GORI in the second. Named global competitors are Akzo Nobel N.V., Hempel A/S, Nippon Paint, the Jotun Group and The Sherwin-Williams Company.

Performance coatings

Four units sit here. Aerospace Coatings sells coatings, sealants, transparencies, adhesives, engineered materials, packaging and chemical management services for commercial, military, regional jet and general aviation aircraft, direct to customers and through a company-owned distribution network. Automotive Refinish Coatings sells coatings, solvents, adhesives, sealants, purchased sundries, digital solutions and paint films into automotive and commercial transport or fleet repair and refurbishing, light industrial coatings and specialty coatings for signs, under PPG, COLAD, FINIXA, SEM and SPRINT. Protective and Marine Coatings sells coatings and finishes for the protection of metals and structures, to metal fabricators, heavy duty maintenance contractors and manufacturers of ships, bridges and rail cars. Traffic Solutions sells paints, thermoplastics, raised pavement markers and other pavement marking technologies to government, commercial infrastructure and contractors, under Ennis-Flint.

Industrial coatings

The automotive OEM unit supplies specifically formulated coatings, adhesives and sealants, metal pretreatments and paint films, plus technical services and coatings applications, to vehicle manufacturers and their tier supplier network across combustion, commercial and electric vehicles and parts including battery-related components, with on-site services inside several customer plants and at regional service centers. Industrial Coatings supplies formulated coatings, adhesives, sealants and metal pretreatments for appliances, agricultural and construction equipment, consumer electronics, building products, kitchenware and transportation vehicles. Packaging Coatings supplies formulated coatings for metal cans, closures and plastic and aluminum tubes used in food, beverage and personal care, and for promotional and specialty packaging. Specialty Products covers the TESLIN substrate used in labels, e-passports, drivers' licenses, breathable membranes and identification cards, organic light emitting diode materials for displays and lighting, and optical lens materials and photochromic dyes.

Alliances and research

The company has established alliances with Asian Paints to serve certain automotive refinish, automotive OEM and industrial coatings customers in India, and with Kansai Paints to serve Japanese-based automotive OEM customers in North America and Europe. Research and development spending was 2.8% of annual net sales in 2025. It owns and operates several research facilities, manages segment development through what the company terms centers of excellence, runs laboratories close to customers so products can be customised for an end use, and keeps global sourcing laboratories to manage formulations and raw material costs. It states that it is not materially dependent upon any single technology platform.

Inputs, seasons and people

The main raw materials are resins, solvents, reactants, titanium dioxide, additives, epoxy and pigments, both organic, primarily petroleum-derived, and inorganic, and raw materials are the single largest production cost component. Most raw materials and energy used in production are bought from outside sources, with critical supply managed by contracting multiple sources and identifying alternative materials wherever possible. Seasonality sits in the architectural coatings and traffic solutions businesses: demand in Europe, the U.S. and Canada is typically strongest in the second and third quarters on spring and summer home improvement, maintenance and construction activity, while the Latin American paint season is strongest in the fourth quarter. At 31 December 2025 the company employed approximately 43,500 people, approximately 11,000 of them in the United States and approximately 32,500 elsewhere in the world, with numerous collective bargaining agreements throughout the world.

From PPG's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in PPG Industries became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 28 October 2026
Revenue
$4.4 billion
+6.6% on the year · -3.2% on the quarter
Q4 FY2024Q3 FY2026
Net income
$451 million
-0.4% on the year · +3.2% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$2.02
+1.0% on the year · +3.6% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 19 February 2026
Revenue
$15.9 billion
+0.2% on the year
FY2018FY2025
Net income
$1.6 billion
+41.2% on the year
FY2018FY2025
Diluted EPS
$6.94
+46.1% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsPPG Industries (PPG) reported revenue of $15.9 billion for fiscal 2025, the year ended 31 December 2025, up 0.2% on the year before. Net income was $1.6 billion and diluted earnings per share $6.94. Revenue was $15.8 billion in fiscal 2024, $16.2 billion in fiscal 2023, $15.6 billion in fiscal 2022 and $16.8 billion in fiscal 2021. Net income in the same years was $1.1 billion, $1.3 billion, $1.0 billion and $1.4 billion. Over the twelve months to 30 September 2026, PPG Industries reported revenue of $16.7 billion and net income of $1.6 billion. Revenue grew 2.8% a year, compounded, over the five years to fiscal 2025. PPG Industries declared $2.87 a share in dividends over the last four quarters and had 221 million shares outstanding at the latest filed count. At 30 September 2026 it carried $6.8 billion of debt and $1.6 billion of cash. At the close of 6 November 2026 the market cap of PPG Industries was $27.0 billion, 17.5 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE18.5%
ROCEn/a
Operating marginn/a
Net margin9.4%
FCF margin7.7%
Interest covern/a
Debt to equity0.81x
Cash conversion1.30x
Share count, last 12 months-1.6%
Sales CAGR, 3 years0.6%
Profit CAGR, 3 years15.4%
EPS, TTM$7.00

At the close of 6 November 2026

Price$122.41
Market cap$27.0 billion
Stock P/E17.5x
Price to book3.2x
EV / EBITDAn/a
Dividend yield2.3%
Market cap / sales1.6x
52-week high$131.56
52-week low$94.34
Price, 1 year28.6%
Price CAGR, 3 years-1.4%
Price CAGR, 5 years-5.6%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as PPG Industries Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
PPGgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 * †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue4,1904,3084,6914,4684,1854,3804,8724,6444,3503,8494,2354,0323,7293,6844,1954,0823,9143,9304,4954,353
Cost of revenue2,6922,6982,9542,8212,6232,5962,8662,7522,5312,2052,4502,3812,2162,1422,4322,4262,3162,2752,6872,589
Gross profit1,4981,6101,7371,6471,5621,7842,0061,8921,8191,6441,7851,6511,5131,5421,7631,6561,5981,6551,8081,764
Gross margin36%37%37%37%37%41%41%41%42%43%42%41%41%42%42%41%41%42%40%41%
R&D116115115110108104110108111107108102130102106106109113107106
SG&A9849749829319559921,0691,0471,114850858848835838872824905885931876
Operating income348459602554427635787698555666796689n/a607743689n/a636743757
Operating margin8%11%13%12%10%14%16%15%13%17%19%17%n/a16%18%17%n/a16%17%17%
Interest expense30.030.038.046.053.059.067.064.057.055.062.067.057.056.062.065.058.061.071.067.0
Pre-tax income28278.056641831935364655719254265157881.0502598556389517569631
Tax rate1%71%21%19%23%23%23%22%46%24%23%22%86%24%23%21%20%26%22%24%
Net income28618.044132923826449042690.0400528468-280373450453300382437451
Net margin7%0%9%7%6%6%10%9%2%10%12%12%-8%10%11%11%8%10%10%10%
Diluted EPS$1.20$0.08$1.85$1.39$1.00$1.11$2.06$1.79$0.38$1.69$2.24$2.00-$1.20$1.63$1.98$2.00$1.33$1.70$1.95$2.02
Operating cash flow456-30416851258785.0536892898-60.0365769346-18.038768588733.0559566
Capital expenditure15119470.0104150120122139168252118149198209121147301196113155
Free cash flow305-49898.0408437-35.0414753730-312247620148-227266538586-163446411
Buybacksn/a40.013515.00.00.00.00.086.014916319924139414614710396.079.0147
Dividends paid140139140145146146146153153153152159158154154160160159158165
Shares outstanding236m236m235m235m235m235m236m236m235m234m233m232m230m227m226m224m223m223m222m221m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue12,22015,84912,23911,98913,15312,68614,26514,79114,24114,27014,74815,37415,14613,83416,80215,61416,24215,84515,87516,692
Cost of revenuen/an/an/an/an/an/an/an/an/an/a8,2099,0018,6537,77710,2869,9759,6789,2529,3169,867
Gross profitn/an/an/an/an/an/an/an/an/an/a6,5396,3736,4936,0576,5165,6396,5646,5936,5596,825
Gross marginn/an/an/an/an/an/an/an/an/an/a44.3%41.5%42.9%43.8%38.8%36.1%40.4%41.6%41.3%40.9%
Research and development348468403406443444479499484473472464456401463457446447446435
Selling, general and administrative2,3103,4322,9362,8873,1222,9873,4863,6963,5843,5553,5543,5733,6043,3893,7803,0373,4013,3913,4393,597
Operating incomen/an/a1,1861,5331,6571,6291,9232,1912,2872,3822,2952,1182,2712,1092,1712,0422,675n/an/an/a
Operating marginn/an/a9.7%12.8%12.6%12.8%13.5%14.8%16.1%16.7%15.6%13.8%15.0%15.2%12.9%13.1%16.5%n/an/an/a
Interest expense93.0254193189210210196187125125105118132138121167247241241257
Pre-tax incomen/an/a6171,1081,2228281,2261,3461,7457792,0081,6931,6611,3621,8151,3551,6901,8522,0452,106
Income tax383284191347260148253237413214616353392291374320428475458490
Effective tax raten/an/a31.0%31.3%21.3%17.9%20.6%17.6%23.7%27.5%30.7%20.9%23.6%21.4%20.6%23.6%25.3%25.6%22.4%23.3%
Net income8345383367691,0959413,2312,1021,4068731,5911,3411,2431,0591,4391,0261,2701,1161,5761,570
Net margin6.8%3.4%2.7%6.4%8.3%7.4%22.6%14.2%9.9%6.1%10.8%8.7%8.2%7.7%8.6%6.6%7.8%7.0%9.9%9.4%
Diluted EPS$2.52$1.62$1.01$2.31$3.44$3.03$11.13$7.51$5.14$3.28$6.17$5.47$5.22$4.45$6.01$4.32$5.35$4.75$6.94$7.00
Filing10-K10-K10-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Industrial Coatings Segment3,0683,7084,1584,7565,2655,5535,4775,6906,0186,2876,1125,3396,4696,9707,0896,6876,52441.1%
Performance Coatings Segment4,0954,2814,6266,8997,9348,6988,7658,5808,7309,0879,0348,49510,3334,7925,1325,2375,51334.7%
Global Architectural Coatingsn/an/an/an/an/an/an/an/an/an/an/an/an/a3,8524,0213,9213,83824.2%
Architectural Coatings - EMEA1,9521,8742,104n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Commodity Chemicals Segment1,273n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Glass Segment8499851,0611,0321,067541n/an/an/an/an/an/an/an/an/an/an/an/a
Optical and Specialty Materials Segment1,0021,1411,204n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Consolidation, Eliminationsn/an/an/a-1-1-1-1n/an/an/an/an/an/an/an/an/an/an/a
Industrial Coatings SegmentPerformance Coatings SegmentGlobal Architectural Coatings FY2022 to FY2025Glass Segment FY2009 to FY2014Architectural Coatings - EMEA FY2009 to FY2011Optical and Specialty Materials Segment FY2009 to FY2011Commodity Chemicals Segment FY2009
12.0FY201014.3FY201314.3FY201615.1FY201915.6FY202215.9FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Consolidation, Eliminations is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2022 to FY2025

The profit before tax each segment reports. Costs PPG Industries does not charge to a segment are left out, so the segments can add up to more than the company's own profit before tax.

FY2022FY2023FY2024FY2025Margin
FY2025
Industrial Coatings Segment64696889387513.4%
Performance Coatings Segment8471,0191,1421,14820.8%
Global Architectural Coatings55867367859915.6%
Industrial Coatings SegmentPerformance Coatings SegmentGlobal Architectural Coatings
2,051FY20222,660FY20232,713FY20242,622FY2025

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Industrial Coatings Segment41%33%
Performance Coatings Segment35%44%
Global Architectural Coatings24%23%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a profit before tax figure. A margin is a segment's profit before tax over its own sales.

Revenue by region FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United States and Canada6,2546,3076,4856,4755,6686,6765,3465,4855,3525,37233.8%
EMEA4,1644,3894,6784,5494,3285,4365,4585,6175,3865,36833.8%
Asia Pacific2,4312,5232,6182,5422,4312,9772,8242,8732,9122,93718.5%
Latin America1,4211,5291,5931,5801,4071,7131,9862,2672,1952,19813.8%
United States and CanadaEMEAAsia PacificLatin America
14.7FY201715.1FY201916.8FY202116.2FY202315.9FY2025

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow1,0631,4371,3451,3101,4361,7871,7911,5281,8951,3511,5681,4672,0802,1301,5629632,4111,4201,9412,045
Capital expenditure364383239267326330494564430380360411413304371486516721778765
Free cash flow6991,0541,1061,0431,1101,4571,2979641,4659711,2081,0561,6671,8261,1914771,8956991,1631,280
Free cash flow margin5.7%6.7%9.0%8.7%8.4%11.5%9.1%6.5%10.3%6.8%8.2%6.9%11.0%13.2%7.1%3.1%11.7%4.4%7.3%7.7%
Cash from investing-2,207125-203-949353-1,6113.0-857-395436-67.0-764-1,009-1,447-2,404-461-556107-700-936
Cash from financing1,216-1,057-1,123-104-1,632-351-1,979-969-812-1,210-1,954-1,205-758-59.093.0-409-1,550-1,425-545-1,375
Depreciation and amortisation403563480430425399452450446440460497511509561502514492528534
Share-based compensationn/a33.034.051.034.071.081.071.054.045.035.037.039.044.057.034.056.042.046.048.0
Buybacks2747.059.058685892.01,0007507511,0508131,7213250.021019086.0752790425
Dividends paid335343353360355358345361383414434453468496536570598622628642
Dividend per sharen/a$1.04$1.06$1.09$1.13$1.17$1.21$1.31$1.41$1.56$1.70$1.86$1.98$2.10$2.26$2.42$2.54$2.66$2.78n/a
Diluted shares, weightedn/a331m331m332m319m310m290m280m274m267m258m245m238m238m239m237m237m235m227m223m
Shares outstanding at period end328m328m331m321m304m307m277m272m267m257m251m236m236m237m236m235m235m230m223m221m
Filing10-K10-K10-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity4,3123,3333,7533,6383,2494,0634,9325,1804,9834,8265,5584,6305,2845,6896,2866,5927,8326,7857,9418,486
Non-controlling interestn/a15616919519725926685.086.087.0115102119126125117191177156143
Short-term borrowingsn/an/a268n/an/an/an/an/an/an/an/a4.010.0n/a6.010.04.07.04.04.0
Debtn/a3,0094,2994,0713,6824,0103,4064,0144,3074,4164,1465,0005,0315,7496,5656,7966,0425,8017,2976,831
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.0622677693636417454450495
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a8.09.07.07.06.05.05.0n/a
Other liabilitiesn/a8,2005,7517,0717,2547,5467,2008,2567,7006,4406,7196,2796,6347,3067,6696,5867,1556,2046,2456,615
Total liabilities and equityn/a14,69814,24014,97514,38215,87815,80417,53517,07615,76916,53816,01517,70819,55621,35120,74421,64719,43322,09822,574
Owned
Fixed assetsn/a2,7982,7542,6862,7212,8882,8762,8952,6082,6082,8242,8052,9833,1273,4423,3283,4503,4644,0054,096
Goodwilln/a2,6412,7842,7192,6602,7613,0083,8013,6253,5723,9424,0704,4705,1026,2485,9936,1155,6906,1496,147
Intangible assetsn/a1,4721,4161,2681,1251,0851,3392,4112,1781,9832,0451,9722,1312,3512,7832,4142,2611,9221,9711,899
Investmentsn/a5095061,1874121,5091,022940511222323312315363341299329419388452
Cash and equivalents5261,0211,0571,3411,3061,3061,1166861,3111,8201,4369021,2161,8261,0051,0991,4931,2702,1631,593
Receivablesn/a2,8042,2832,4472,5122,5682,4492,3662,3432,2882,5592,5052,4792,4122,6872,8242,6222,4772,7833,857
Inventoryn/a1,7021,5481,5731,6071,6871,8241,8251,6591,5141,7301,7831,7101,7352,1712,2721,9341,8461,9962,236
Other assetsn/a1,7511,8921,7542,0392,0742,1702,6112,8411,7621,6791,6662,4042,6402,6742,5153,4432,3452,6432,294
Total assetsn/a14,69814,24014,97514,38215,87815,80417,53517,07615,76916,53816,01517,70819,55621,35120,74421,64719,43322,09822,574
Filing10-K10-K10-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.1%2.8%0.6%6.4%
Profit growth, compounded1.1%8.3%15.4%57.6%
Return on equity, average20.9%18.2%17.5%19.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was PPG Industries' revenue in fiscal 2025?

PPG Industries (PPG) reported revenue of $15.9 billion for fiscal 2025, the year ended 31 December 2025, up 0.2% on the year before.

How much did PPG Industries earn in fiscal 2025?

Net income was $1.6 billion for fiscal 2025, and diluted earnings per share $6.94.

What is PPG Industries' P/E ratio?

At the close of 6 November 2026, PPG Industries traded at 17.5 times its earnings over the twelve months to 30 September 2026.

What is PPG Industries' market cap?

The market cap of PPG Industries was $27.0 billion at the close of 6 November 2026.

Does PPG Industries pay a dividend?

Yes. PPG Industries declared $2.87 a share in dividends over the four quarters to 30 September 2026.

Peers: Chemicals

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Air Products & Chemicals, Inc. APD$67.9 billionn/a-0.3%-4.7%4.5%1.272.4%
Nutrien Ltd. NTR *$34.5 billion15.349.0%13.9%3.5%0.423.1%
PPG Industries Inc. PPG$27.0 billion17.4918.5%n/a6.4%0.812.3%
Dow Inc. DOW$22.7 billionn/a-5.5%n/a4.2%1.096.7%
International Flavors & Fragrances Inc. IFF$20.7 billion116.351.4%7.5%-16.7%0.471.9%
LyondellBasell Industries N.V. LYB$19.6 billion15.3411.6%8.6%-1.8%1.105.7%
DuPont de Nemours, Inc. DD$19.4 billion65.742.2%n/a3.2%0.231.6%
CF Industries Holdings, Inc. CF$17.5 billion8.4338.1%41.6%17.9%0.561.8%
RPM International Inc. RPM$13.2 billion19.1419.8%n/a6.0%0.69n/a
Albemarle Corp. ALB$11.7 billion23.976.5%10.0%24.4%0.181.6%
Solstice Advanced Materials Inc. SOLS$9.1 billion28.4320.8%n/an/a1.48n/a
Axalta Coating Systems Ltd. AXTA$7.8 billion23.5212.7%12.4%0.1%1.14n/a
All 63 in Chemicals
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Linde plc LIN$236.5 billion34.1817.8%25.3%8.2%0.681.2%
Air Products & Chemicals, Inc. APD$67.9 billionn/a-0.3%-4.7%4.5%1.272.4%
Nutrien Ltd. NTR *$34.5 billion15.349.0%13.9%3.5%0.423.1%
PPG Industries Inc. PPG$27.0 billion17.4918.5%n/a6.4%0.812.3%
Dow Inc. DOW$22.7 billionn/a-5.5%n/a4.2%1.096.7%
International Flavors & Fragrances Inc. IFF$20.7 billion116.351.4%7.5%-16.7%0.471.9%
LyondellBasell Industries N.V. LYB$19.6 billion15.3411.6%8.6%-1.8%1.105.7%
DuPont de Nemours, Inc. DD$19.4 billion65.742.2%n/a3.2%0.231.6%
CF Industries Holdings, Inc. CF$17.5 billion8.4338.1%41.6%17.9%0.561.8%
RPM International Inc. RPM$13.2 billion19.1419.8%n/a6.0%0.69n/a
Albemarle Corp. ALB$11.7 billion23.976.5%10.0%24.4%0.181.6%
Solstice Advanced Materials Inc. SOLS$9.1 billion28.4320.8%n/an/a1.48n/a
Westlake Corp. WLK$8.1 billionn/a-5.2%-3.8%-0.4%0.583.3%
Axalta Coating Systems Ltd. AXTA$7.8 billion23.5212.7%12.4%0.1%1.14n/a
Element Solutions Inc. ESI$7.6 billion36.887.1%11.7%39.6%0.721.0%
Eastman Chemical Co. EMN$7.4 billion11.4410.3%n/a0.3%0.835.2%
Mosaic Co. MOS$7.1 billionn/a-9.9%-5.1%0.0%0.563.9%
Newmarket Corp. NEU$6.4 billion14.0723.7%20.2%0.9%0.431.7%
Hexcel Corp. HXL$6.1 billion36.0412.9%12.2%7.6%0.710.9%
Balchem Corp. BCPC$5.5 billion32.8412.9%20.7%9.4%0.110.6%
Celanese Corp. CE$5.1 billion19.626.1%7.9%1.4%2.740.3%
Sensient Technologies Corp. SXT$5.1 billion30.0013.2%14.5%9.5%0.611.4%
Perimeter Group Inc. PRM$4.8 billion227.124.2%14.5%30.7%0.91n/a
CSW Industrials, Inc. CSW$4.4 billion34.9311.4%16.9%30.0%0.680.4%
Avient Corp. AVNT$4.2 billion23.347.3%9.7%5.2%0.742.4%
Scotts Miracle-Gro Co. SMG$3.8 billion56.26n/a11.8%-2.0%n/a4.1%
Cabot Corp. CBT$3.7 billion19.9611.8%13.6%-4.7%0.792.6%
WD-40 Co. WDFC$3.0 billion36.3530.2%15.8%11.0%0.321.8%
H.B. Fuller Co. FUL$2.7 billion13.909.1%n/a1.5%0.951.9%
Rogers Corp. ROG$2.2 billion48.213.7%7.9%6.7%0.00n/a
Ingevity Corp. NGVT$2.0 billion35.3194.9%n/a-6.5%18.18n/a
Olin Corp. OLN$2.0 billionn/a-13.1%-1.9%-0.7%1.754.6%
Innospec Inc. IOSP$1.9 billion13.7710.2%8.8%4.7%0.002.2%
Chemours Co. CC$1.9 billionn/a-99.4%0.6%0.1%24.732.7%
Minerals Technologies Inc. MTX$1.9 billionn/a-4.3%-1.6%4.8%0.610.8%
Huntsman Corp. HUN$1.6 billionn/a-6.5%0.0%6.5%0.773.7%
REX American Resources Corp. REX$1.3 billion10.8017.9%n/a1.3%0.00n/a
CVR Partners, LP UAN$1.2 billion10.88n/a20.6%7.3%n/an/a
Ecovyst Inc. ECVT$1.1 billion32.726.0%8.5%44.6%0.81n/a
Green Plains Inc. GPRE$933 million5.4020.7%10.7%-19.1%0.50n/a
Flotek Industries Inc. FTK$886 million30.5721.6%13.2%59.3%0.54n/a
FMC Corp. FMC$874 millionn/an/a-97.0%-22.0%n/a32.4%
Kronos Worldwide Inc. KRO$857 millionn/a-4.8%2.2%8.7%0.692.7%
LSB Industries, Inc. LXU$764 million17.108.2%11.2%13.0%0.79n/a
Westlake Chemical Partners LP WLKP$751 millionn/an/a29.0%9.4%n/an/a
Luxfer Holdings plc LXFR$463 millionn/an/an/an/a0.26n/a
Valhi Inc. VHI$456 million322.000.1%6.1%9.0%0.522.0%
AdvanSix Inc. ASIX$453 millionn/a-2.9%n/a8.4%0.343.8%
Tronox Holdings plc TROX$399 millionn/a-44.9%-5.1%12.0%2.858.0%
NLI Holdings, Inc. NL$351 millionn/a-1.3%9.8%4.3%0.005.4%
Gevo, Inc. GEVO$344 millionn/a-77.9%-102.8%121.4%0.61n/a
PureCycle Technologies, Inc. PCT$335 millionn/a-1,014.3%-1,313.8%141.7%7.93n/a
Alto Ingredients, Inc. ALTO$291 million5.8618.6%2.7%4.1%0.21n/a
ASP Isotopes Inc. ASPI$269 millionn/a-44.3%-321.1%573.4%0.99n/a
FutureFuel Corp. FF$233 millionn/a-20.0%-20.8%-7.6%0.00n/a
Orion S.A. OEC$224 millionn/a-8.1%4.0%0.9%2.482.0%
Lightbridge Corp. LTBR$163 millionn/a-11.7%n/an/a0.00n/a
Comstock Inc. LODE$148 millionn/a-35.6%-3,535.2%-52.2%0.08n/a
Ascent Industries Co. ACNT$124 millionn/a-1.2%-2.7%-6.1%0.010.0%
Aemetis, Inc. AMTX$120 millionn/an/a7.2%23.6%n/an/a
Arq, Inc. ARQ$112 millionn/a-28.7%-38.8%7.3%0.17n/a
Codexis, Inc. CDXS$101 millionn/a-93.2%-35.6%35.9%1.24n/a
Flexible Solutions International Inc. FSI$79 millionn/a-8.4%-2.6%-4.7%0.16n/a
2 companies share its SEC industry code (Paints, Varnishes, Lacquers, Enamels & Allied Prods); the rest are the names nearest in size in its wider industry, Chemicals, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on PPG

Dividends$2.87 a share over the four quarters to 30 September 2026, a 2.34% yield
Filings26 in twelve months: 9 current reports (8-K), about 5 results of operations; 4 officer or director change; 1 shareholder vote
Planned insider sales6 Form 144 notices in twelve months, $15.5 million; latest 4 November 2026
Options tapeput/call 0.37 by open interest at the 6 November 2026 close; the straddle prices a 3.9% move to 13 November 2026
13F holders1,101 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading9 sales and 0 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest6.7 million shares short, 4.09 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202628 October 2026EDGAR
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 202417 October 2024EDGAR
10-Q30 June 202419 July 2024EDGAR

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