PPG Industries
PPG
105.08
-1.44
-1.35%
PPG Industries
US · PPG
#837 by market cap
Listed 1970
105.08
-1.44
-1.35%
Live - 5344 symbols - heartbeat 263s ago
· 2026-10-07 20:01
After-hours
105.08
0.00%
- Market cap
- 23.36B
- P/E (TTM)i
- 15.03
- P/Bi
- 2.77
- EPSi
- 6.94
- Div yieldi
- 2.70%
- 52W posi
- 35%
Reader sentiment
Are you bullish or bearish on PPG?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.66, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +0.19% YoY
Margins
- Gross margin
- 41.32%
- Operating margin
- 13.66%
- Net margin
- 9.93%
Key ratios & quality
- Enterprise valuei
- 28.59B
- PEG ratioi
- 0.98
- Altman Z-Scorei
- 3.66
PEG uses trailing P/E against the 3-year net income growth rate (15.38%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.37B | 15.15B | 13.83B | 16.80B | 15.61B | 16.24B | 15.85B | 15.88B |
| Gross profit | 6.37B | 6.49B | 6.06B | 6.52B | 5.64B | 6.56B | 6.59B | 6.56B |
| Selling & admin expenses | 3.57B | 3.60B | 3.39B | 3.78B | 3.04B | 3.40B | 3.39B | 3.44B |
| Research & development | 441.00M | 432.00M | 379.00M | 439.00M | 434.00M | 424.00M | 423.00M | 423.00M |
| Operating profit | 1.86B | 1.95B | 1.78B | 1.74B | 1.67B | 2.23B | 2.29B | 2.17B |
| Pretax profit | 1.69B | 1.66B | 1.36B | 1.82B | 1.36B | 1.69B | 1.85B | 2.05B |
| Tax | 353.00M | 392.00M | 291.00M | 374.00M | 320.00M | 428.00M | 475.00M | 458.00M |
| Net profit | 1.36B | 1.27B | 1.07B | 1.46B | 1.05B | 1.31B | 1.15B | 1.59B |
| Basic EPS | 6 | 5 | 4 | 6 | 4 | 5 | 5 | 7 |
| Diluted EPS | 5.47 | 5.22 | 4.45 | 6.01 | 4.32 | 5.35 | 4.75 | 6.94 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 3.68B | 4.20B | 4.08B | 3.91B | 3.93B | 4.50B |
| Gross profit | 1.54B | 1.76B | 1.66B | 1.60B | 1.66B | 1.81B |
| Selling & admin expenses | 838.00M | 872.00M | 824.00M | 905.00M | 885.00M | 931.00M |
| Research & development | 102.00M | 106.00M | 106.00M | 109.00M | 113.00M | 107.00M |
| Operating profit | 481.00M | 650.00M | 588.00M | 450.00M | 525.00M | 636.00M |
| Pretax profit | 502.00M | 598.00M | 556.00M | 389.00M | 517.00M | 569.00M |
| Tax | 122.00M | 140.00M | 118.00M | 78.00M | 132.00M | 127.00M |
| Net profit | 378.00M | 458.00M | 447.00M | 309.00M | 385.00M | 440.00M |
| Basic EPS | 2 | 2 | 2 | 1 | 2 | 2 |
| Diluted EPS | 1.63 | 1.98 | 2.00 | 1.33 | 1.70 | 1.95 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 5.96B | 6.17B | 6.80B | 6.77B | 7.17B | 7.43B | 6.56B | 7.96B |
| Cash & ST investments | 963.00M | 1.27B | 1.92B | 1.07B | 1.15B | 1.57B | 1.36B | 2.22B |
| Inventory | 1.78B | 1.71B | 1.74B | 2.17B | 2.27B | 1.93B | 1.85B | 2.00B |
| Total assets | 16.02B | 17.71B | 19.56B | 21.35B | 20.74B | 21.65B | 19.43B | 22.10B |
| Total current liabilities | 4.37B | 4.38B | 4.83B | 4.77B | 4.72B | 5.05B | 5.01B | 4.90B |
| Short-term debt | 651.00M | 683.00M | 758.00M | 201.00M | 496.00M | 434.00M | 1.07B | 844.00M |
| Long-term debt | 4.37B | 4.54B | 5.17B | 6.57B | 6.50B | 5.75B | 4.88B | 6.60B |
| Total liabilities | 11,283,000,000.00 | 12,305,000,000.00 | 13,741,000,000.00 | 14,940,000,000.00 | 14,035,000,000.00 | 13,624,000,000.00 | 12,471,000,000.00 | 14,001,000,000.00 |
| Total equity | 4.73B | 5.40B | 5.82B | 6.41B | 6.71B | 8.02B | 6.96B | 8.10B |
| Retained earnings | 18.13B | 18.91B | 19.47B | 20.37B | 20.83B | 21.50B | 21.99B | 22.94B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 7.90B | 8.19B | 8.22B | 7.96B | 7.97B | 8.26B |
| Cash & ST investments | 1.89B | 1.63B | 1.91B | 2.22B | 1.62B | 1.59B |
| Inventory | 2.12B | 2.22B | 2.18B | 2.00B | 2.16B | 2.23B |
| Total assets | 21.14B | 22.10B | 22.14B | 22.10B | 22.15B | 22.53B |
| Total current liabilities | 5.84B | 5.76B | 5.61B | 4.90B | 4.95B | 5.23B |
| Short-term debt | 1.82B | 1.55B | 1.55B | 844.00M | 874.00M | 826.00M |
| Long-term debt | 5.57B | 5.92B | 5.90B | 6.60B | 6.41B | 6.20B |
| Total liabilities | 14,048,000,000.00 | 14,355,000,000.00 | 14,188,000,000.00 | 14,001,000,000.00 | 13,896,000,000.00 | 13,944,000,000.00 |
| Total equity | 7.09B | 7.74B | 7.96B | 8.10B | 8.25B | 8.59B |
| Retained earnings | 22.21B | 22.51B | 22.80B | 22.94B | 23.17B | 23.44B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.47B | 2.08B | 2.13B | 1.56B | 963.00M | 2.41B | 1.42B | 1.94B |
| Depreciation & amortization | 497.00M | 511.00M | 509.00M | 561.00M | 502.00M | 514.00M | 492.00M | 528.00M |
| Free cash flow | 1.06B | 1.67B | 1.83B | 1.19B | 477.00M | 1.90B | 699.00M | 1.16B |
| Dividends paid | -453.00M | -468.00M | -496.00M | -536.00M | -570.00M | -598.00M | -622.00M | -628.00M |
| Stock buybacks / issuance | -1.71B | -264.00M | 0 | -210.00M | -190.00M | -86.00M | -752.00M | -790.00M |
| Ending cash balance | 902.00M | 1.22B | 1.83B | 1.01B | 1.08B | 1.49B | 1.27B | 2.16B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -18.00M | 387.00M | 685.00M | 887.00M | 33.00M | 559.00M |
| Depreciation & amortization | 121.00M | 135.00M | 138.00M | 134.00M | 132.00M | 134.00M |
| Free cash flow | -227.00M | 266.00M | 538.00M | 586.00M | -163.00M | 446.00M |
| Dividends paid | -154.00M | -154.00M | -160.00M | -160.00M | -159.00M | -158.00M |
| Stock buybacks / issuance | -394.00M | -146.00M | -147.00M | -103.00M | -96.00M | -79.00M |
| Ending cash balance | 1.83B | 1.56B | 1.83B | 2.16B | 1.57B | 1.52B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 26.33 | 25.08 | 19.30 | 24.03 | 15.93 | 17.61 | 15.27 | 21.40 |
| ROA %i | 8.24 | 7.37 | 5.68 | 7.04 | 4.87 | 5.99 | 5.43 | 7.59 |
| ROIC %i | 14.64 | 12.70 | 9.81 | 11.63 | 7.95 | 9.33 | 8.35 | 11.33 |
| 5-year avg ROE %i | 28.81 | 25.51 | 23.84 | 25.09 | 22.13 | 20.39 | 18.43 | 18.85 |
| EBIT margin %i | 11.78 | 11.84 | 10.84 | 11.52 | 8.77 | 10.93 | 13.21 | 14.40 |
| FCF / sales %i | 6.87 | 11.01 | 13.20 | 7.09 | 2.52 | 10.21 | 4.41 | 7.33 |
| Current ratioi | 1.36 | 1.41 | 1.41 | 1.42 | 1.52 | 1.47 | 1.31 | 1.62 |
| Quick ratioi | 0.87 | 0.92 | 0.96 | 0.89 | 0.94 | 0.91 | 0.87 | 1.13 |
| Debt / assetsi | 31.32 | 33.00 | 33.78 | 34.97 | 36.81 | 30.48 | 32.91 | 35.73 |
| LT debt / equityi | 94.28 | 97.67 | 102.79 | 115.57 | 108.30 | 78.72 | 78.56 | 88.80 |
| Interest coveragei | 15.35 | 13.58 | 10.87 | 16.00 | 9.27 | 8.08 | 8.68 | 9.49 |
| Revenue CAGR (3Y) %i | 2.58 | 2.01 | -2.11 | 3.00 | 1.02 | 5.49 | -1.94 | 0.55 |
| Net income CAGR (3Y) %i | -1.57 | 12.50 | -12.74 | 2.38 | -6.20 | 6.24 | -8.12 | 15.38 |
| FCF CAGR (3Y) %i | -10.34 | 19.74 | 14.77 | 4.09 | -34.10 | 1.24 | -16.28 | 34.59 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 14.65 | 13.18 | 12.78 | 21.40 | 21.09 | 19.63 |
| ROA %i | 5.06 | 4.61 | 4.53 | 7.59 | 7.32 | 7.04 |
| ROIC %i | 7.63 | 6.95 | 6.81 | 11.33 | 10.85 | 10.55 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 13.10 | 12.79 | 12.60 | 14.40 | 14.30 | 13.92 |
| FCF / sales %i | 5.00 | 5.12 | 4.56 | 7.33 | 7.61 | 8.57 |
| Current ratioi | 1.35 | 1.42 | 1.47 | 1.62 | 1.61 | 1.58 |
| Quick ratioi | 0.91 | 0.96 | 1.00 | 1.13 | 1.07 | 1.05 |
| Debt / assetsi | 37.19 | 35.97 | 35.74 | 35.73 | 34.90 | 33.10 |
| LT debt / equityi | 87.20 | 84.39 | 81.59 | 88.80 | 84.60 | 78.56 |
| Interest coveragei | 8.49 | 8.27 | 8.24 | 9.49 | 9.37 | 8.96 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- Industrial Coatings is the largest reported line at 39.56% of revenue, across 3 reported segments.
- No single line clears half of revenue; Performance Coatings is next at 36.02%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
Industrial Coatings39.56%
Performance Coatings36.02%
Global Architectural Coatings24.43%
Quote time 2026-10-07 20:01:12 · For reference only, not investment advice and not tailored to your situation.