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PPGPPG Industries, Inc.
$120.22$26.9B
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PPG logoPPG Industries, Inc.(PPG)Earnings, Financials & Key Ratios

PPG•NYSE
$124.04
17.9× P/E·Price updated Jul 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%

PPG Price & Volume

PPG Industries, Inc. (PPG) stock price & volume — 10-year historical chart

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Cyclical Revenue Volatility Masks Underlying Margin Resilience

Investment Thesis • Updated 2026Q1

VerdictNeutral: While the forward P/E of 15.65 suggests a reasonable valuation
Growth:Mixed
Profitability:Moderate
Financial:Mixed
Cash Flow:Mixed
Primary Risk:Cyclical Margin Compression

Key Thesis Takeaways

  • PPG Industries demonstrates a complex investment profile characterized by resilient 42.1% gross margins that suggest enduring pricing power, yet this is frequently offset by extreme earnings volatility and significant working capital swings.
  • While the company maintains a stable $1.6 billion cash position, the reliance on $6.2 billion in goodwill and a rising debt-to-equity ratio of 0.94 warrants caution regarding long-term capital structure health.
  • Investors should monitor the company's ability to normalize free cash flow, which recently swung to a $163 million deficit in 2026Q1, against its rigid $159 million quarterly dividend commitment.

Verdict Logic

the extreme volatility in free cash flow, which hit a negative $163 million in 2026Q1, necessitates a cautious approach until operational cash generation stabilizes.

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

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 28, 2026
Metric
Actual
Est
EPS
$1.83+2.8%
$1.78
Rev
$3.9B+2.0%
$3.9B
Q1 2026
Jan 27, 2026
Metric
Actual
Est
EPS
$1.51-4.4%
$1.58
Rev
$3.9B+3.5%
$3.8B
Q4 2025
Oct 28, 2025
Metric
Actual
Est
EPS
$2.13+1.4%
$2.10
Rev
$4.1B+0.9%
$4.0B
Q3 2025
Jul 29, 2025
Metric
Actual
Est
EPS
$2.22-0.4%
$2.23
Rev
$4.2B+0.8%
$4.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 28, 2026
$1.83vs $1.78+2.8%
$3.9Bvs $3.9B+2.0%
Q1 2026Jan 27, 2026
$1.51vs $1.58-4.4%
$3.9Bvs $3.8B+3.5%
Q4 2025Oct 28, 2025
$2.13vs $2.10+1.4%
$4.1Bvs $4.0B+0.9%
Q3 2025Jul 29, 2025
$2.22vs $2.23-0.4%
$4.2Bvs $4.2B+0.8%
Based on last 12 quarters of dataView full earnings history →

Latest PPG News

Recent stock market news and headlines for PPG Industries, Inc. (PPG)

Business Wire·Jun 26, 2026
PPG names recipients of 2025 Excellent Supplier Awards

PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced the recipients of its 2025 Excellent Supplier Awards. The annual awards recognize suppliers whose performance has consistently exceeded requirements based on commercial value, quality, innovation, sustainability, responsiveness, service, delivery, documentation, quality, value add, and compliance. The Excellent Supplier Awards program applies to the company's global supply base, which includes direct (raw materials), indirect, logisti.

Peers Comparison

Key metrics vs top competitors for PPG Industries, Inc. (PPG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PPG logoPPGPPG Industries, Inc.Current
$124.04$27.76B17.920.19%9.93%92.19%2.23%
SHW logoSHWThe Sherwin-Williams Company
$349.13$86.11B34.002.06%10.86%58.23%—
RPM logoRPMRPM International Inc.
$110.33$14.13B20.620.51%8.63%21.79%—
AXTA logoAXTAAxalta Coating Systems Ltd.
$35.01$7.47B20.12-3.01%7.22%15.54%—
DOW logoDOWDow Inc.
$27.33$19.67B-7.41-6.97%-7.02%-15.35%—
LYB logoLYBLyondellBasell Industries N.V.
$52.97$17.07B-22.54-25.18%-3.44%-7.2%—

Compare PPG vs Peers

PPG Industries, Inc. (PPG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SHW

Most directly comparable listed peer for PPG.

Scale Benchmark

vs ECL

Larger-name benchmark to compare PPG against a more recognizable public peer.

Peer Set

Compare Top 5

vs SHW, RPM, AXTA, DOW

PPG SEC Filings & Documents

PPG Industries, Inc. (PPG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 28, 2026·SEC

Material company update

Apr 28, 2026·SEC

Material company update

Apr 21, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 19, 2026·SEC

10-Q Quarterly Reports

2
FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 29, 2025·SEC

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PPG Frequently Asked Questions

PPG Industries, Inc. (PPG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is PPG Industries, Inc.'s revenue?

PPG Industries, Inc. (PPG) reported $16.12B in revenue for fiscal year 2025. This represents a 123% increase from $7.22B in 1996.

How fast is PPG Industries, Inc. growing?

PPG Industries, Inc. (PPG) grew revenue by 0.2% over the past year. Growth has been modest.

Is PPG profitable?

Yes, PPG Industries, Inc. (PPG) is profitable, generating $1.58B in net income for fiscal year 2025 (9.9% net margin).

Dividend & Returns
Does PPG pay dividends?

Yes, PPG Industries, Inc. (PPG) pays a dividend with a yield of 2.23%. This makes it attractive for income-focused investors.

What is PPG's return on equity?

PPG Industries, Inc. (PPG) has a return on equity (ROE) of 92.2%. This is excellent, indicating efficient use of shareholder capital.

What is PPG Industries, Inc.'s free cash flow?

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.

What if you invested $1,000 in PPG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →