PPG Industries Inc (PPG)

PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through three segments: Global Architectural Coatings, Performance Coatings, and Industrial Coatings. The Global Architectural Coatings segment supplies a variety of decorative coatings, adhesives, sealants, and finishes, as well as paint strippers, stains, and related chemicals. Its Performance Coatings segment offers aerospace coatings, automotive refinishing coatings, protective and marine coatings, and traffic solutions comprising paints, thermoplastics, raised pavement markers, and other technologies for pavement marking. The Industrial Coatings segment provides automotive OEM coatings, industrial coatings, and packaging coatings, as well as specialty products, such as optical monomers and coatings, low-friction coatings, and other specialty products. The company delivers its products to company-owned stores, home centers and other consumer retail outlets, paint dealers, concessionaires and independent distributors, company-owned distribution networks, and directly to manufacturing companies and retail customers. PPG Industries, Inc. was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.

Symbol: PPG
Exchange: NYSE
Sector: Basic Materials
Industry: Specialty Chemicals
Market cap: $23.44B
52 week range: 93.39 - 133.43

Valuation

Share price: $105.15 (close of 2026-10-02)
P/E (TTM): 14.94x
Price to book: 2.84x
Price to free cash flow: 19.10x
Enterprise value: $29.54B
Book value per share: $37.03

Price performance

Period	Change
1 day	+0.46%
5 days	-2.20%
1 month	-5.53%
3 months	-16.10%
6 months	+1.85%
Year to date	+2.63%
1 year	+0.60%
3 years	-18.72%
5 years	-26.98%
10 years	+1.73%
All time	+6121.89%

Members of Congress who disclosed PPG trades

Lloyd Doggett · Julie Johnson · Shelley Moore Capito · Robert Bresnahan

Super investors holding PPG

Richard Pzena (Pzena Investment Management) · First Eagle Investment (First Eagle Investment Management, LLC) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · Dodge & Cox (Dodge & Cox Funds)

Profitability and growth

Return on equity: 19.46%
Return on assets: 7.13%
Gross margin: 41.32%
Net margin: 9.93%
EBITDA margin: 16.14%
Revenue growth: 0.19%
Net income growth: 41.22%
Free cash flow growth: 66.38%

Cash flow and balance sheet

Free cash flow yield (TTM): 5.24%
Current ratio: 1.61x
Net debt to EBITDA: 2.15x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $15.88B
Cost of revenue: $9.32B
Gross profit: $6.56B
EBITDA: $2.56B
Net income: $1.58B
Earnings per share: $6.96
Research and development: $446.00M
Shares outstanding: 226.30M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$15.88B	$6.56B	$1.58B	$6.96
2024-12-31	$15.85B	$6.59B	$1.12B	$4.77
2023-12-31	$16.24B	$6.56B	$1.27B	$5.38
2022-12-31	$15.61B	$5.64B	$1.03B	$4.34
2021-12-31	$16.80B	$6.52B	$1.44B	$6.06
2020-12-31	$13.83B	$6.06B	$1.06B	$4.47
2019-12-31	$15.15B	$6.49B	$1.24B	$5.25
2018-12-31	$15.37B	$6.37B	$1.34B	$5.50
2017-12-31	$14.75B	$6.54B	$1.59B	$6.22
2016-12-31	$14.27B	$6.41B	$873.00M	$3.29

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	41.32%	9.93%	19.46%	-
2024-12-31	41.61%	7.04%	16.03%	-
2023-12-31	40.41%	7.82%	15.83%	17.21%
2022-12-31	36.12%	6.57%	15.29%	13.06%
2021-12-31	38.78%	8.56%	22.45%	14.02%
2020-12-31	43.78%	7.66%	18.21%	17.30%
2019-12-31	42.87%	8.21%	23.01%	18.82%
2018-12-31	41.45%	8.72%	28.34%	20.09%
2017-12-31	44.34%	10.81%	28.10%	20.14%
2016-12-31	44.92%	6.12%	17.76%	29.03%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$2.22B	$6.60B
2024-12-31	$1.36B	$4.88B
2023-12-31	$1.57B	$5.75B
2022-12-31	$1.15B	$6.50B
2021-12-31	$1.07B	$6.57B
2020-12-31	$1.92B	$5.17B
2019-12-31	$1.27B	$4.54B
2018-12-31	$963.00M	$4.37B
2017-12-31	$1.49B	$4.13B
2016-12-31	$1.86B	$3.79B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$1.16B	$46.00M
2024-12-31	$699.00M	$42.00M
2023-12-31	$1.90B	$56.00M
2022-12-31	$477.00M	$34.00M
2021-12-31	$1.19B	$57.00M
2020-12-31	$1.83B	$44.00M
2019-12-31	$1.67B	$39.00M
2018-12-31	$1.06B	$37.00M
2017-12-31	$1.21B	$35.00M
2016-12-31	$971.00M	$45.00M

Dividend history

Most recent payment: 2026-08-10
Paid in the last twelve months: $2.87

Payment date	Dividend per share
2026-08-10	$0.74
2026-05-11	$0.71
2026-02-20	$0.71
2025-11-10	$0.71
2025-08-11	$0.71
2025-05-12	$0.68
2025-02-21	$0.68
2024-11-12	$0.68

Investor relations

Next earnings report

Next confirmed report: 2026-10-27
Consensus EPS estimate: $2.13

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-28	Jun/2026	$2.26
2026-04-28	Mar/2026	$1.83
2026-01-27	Dec/2025	$1.57
2025-10-28	Sep/2025	$2.09
2025-07-29	Jun/2025	$2.22
2025-04-29	Mar/2025	$1.62
2025-01-30	Dec/2024	$1.65
2024-10-16	Sep/2024	$2.15

Filings and sources

Company website: ppg.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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