PPG · Ppg Industries Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.93B | - | $4.08B | $4.20B | $3.68B | - | $4.58B | $4.79B | $4.31B | - |
| Cost of Revenue | $2.27B | - | $2.43B | $2.43B | $2.14B | - | $2.66B | $2.73B | $2.44B | - |
| Gross Profit | $1.66B | - | $1.66B | $1.76B | $1.54B | - | $1.91B | $2.06B | $1.87B | - |
| R&D | $113.00M | - | $106.00M | $106.00M | $102.00M | - | $105.00M | $111.00M | $109.00M | - |
| SG&A | $885.00M | - | $824.00M | $872.00M | $838.00M | - | $1.06B | $1.08B | $1.06B | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $132.00M | - | $106.00M | $102.00M | $121.00M | - | $97.00M | $98.00M | $141.00M | - |
| Operating Income | $636.00M | - | $689.00M | $743.00M | $607.00M | - | $712.00M | $829.00M | $651.00M | - |
| Interest Expense | $61.00M | - | $65.00M | $62.00M | $56.00M | - | $67.00M | $62.00M | $55.00M | - |
| Income Tax | $132.00M | - | $118.00M | $140.00M | $122.00M | - | $137.00M | $156.00M | $129.00M | - |
| Net Income | $382.00M | - | $453.00M | $450.00M | $373.00M | - | $468.00M | $528.00M | $400.00M | - |
| EPS - Basic | $1.71 | - | $2.01 | $1.98 | $1.63 | - | $2.01 | $2.25 | $1.70 | - |
| EPS - Diluted | $1.70 | - | $2.00 | $1.98 | $1.63 | - | $2.00 | $2.24 | $1.69 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.57B | $2.16B | $1.83B | $1.56B | $1.83B | $1.27B | $1.25B | $1.13B | $1.18B | $1.51B |
| Accounts Receivable | $3.68B | $2.78B | $3.72B | $3.89B | $3.43B | $2.48B | $3.65B | $3.85B | $3.58B | $2.88B |
| Inventory | $2.16B | $2.00B | $2.18B | $2.22B | $2.12B | $1.85B | $2.26B | $2.30B | $2.33B | $2.13B |
| Accounts Payable | - | $2.21B | - | - | - | $2.16B | - | - | - | $2.61B |
| Current Assets | $7.97B | $7.96B | $8.22B | $8.19B | $7.90B | $6.56B | $7.91B | $7.78B | $7.67B | $7.43B |
| Total Assets | $22.15B | $22.10B | $22.14B | $22.10B | $21.14B | $19.43B | $21.86B | $21.73B | $21.87B | $21.65B |
| Current Liabilities | $4.95B | $4.90B | $5.61B | $5.76B | $5.84B | $5.01B | $5.00B | $5.22B | $4.94B | $5.05B |
| Long-term Debt | $6.41B | $6.60B | $5.90B | $5.92B | $5.57B | $4.88B | $6.14B | $5.76B | $5.94B | $5.75B |
| Total Liabilities | $13.90B | $14.00B | $14.19B | $14.36B | $14.05B | $12.47B | $13.89B | $13.78B | $13.74B | $13.62B |
| Stockholders' Equity | $8.10B | $7.94B | $7.80B | $7.58B | $6.93B | $6.79B | $7.79B | $7.77B | $7.94B | $7.83B |
| Retained Earnings | $23.16B | $22.94B | $22.80B | $22.51B | $22.21B | $21.99B | $22.43B | $22.12B | $21.75B | $21.50B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $33.00M | - | - | - | ($18.00M) | - | - | - | ($60.00M) | - |
| Investing Cash Flow | ($279.00M) | - | - | - | ($168.00M) | - | - | - | ($239.00M) | - |
| Financing Cash Flow | ($334.00M) | - | - | - | $698.00M | - | - | - | ($35.00M) | - |
| CapEx | $196.00M | - | - | - | $209.00M | - | - | - | $256.00M | - |
| Free Cash Flow | ($163.00M) | - | - | - | ($227.00M) | - | - | - | ($316.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 42.1% | - | 40.6% | 42.0% | 41.9% | - | 41.8% | 43.0% | 43.3% | - |
| Operating margin | 16.2% | - | 16.9% | 17.7% | 16.5% | - | 15.6% | 17.3% | 15.1% | - |
| EBITDA margin | 19.5% | - | 19.5% | 20.1% | 19.8% | - | 17.7% | 19.3% | 18.4% | - |
| Net margin | 9.7% | - | 11.1% | 10.7% | 10.1% | - | 10.2% | 11.0% | 9.3% | - |
| Free cash flow margin | -4.1% | - | - | - | -6.2% | - | - | - | -7.3% | - |
| FCF / Net income | -0.43 | - | - | - | -0.61 | - | - | - | -0.79 | - |
| R&D / Revenue | 2.9% | - | 2.6% | 2.5% | 2.8% | - | 2.3% | 2.3% | 2.5% | - |
| SG&A / Revenue | 22.5% | - | 20.2% | 20.8% | 22.7% | - | 23.2% | 22.5% | 24.7% | - |
| Effective tax rate | 25.7% | - | 20.7% | 23.7% | 24.6% | - | 22.6% | 22.8% | 24.4% | - |
| Return on assets | 1.7% | - | 2.0% | 2.0% | 1.8% | - | 2.1% | 2.4% | 1.8% | - |
| Return on equity | 4.7% | - | 5.8% | 5.9% | 5.4% | - | 6.0% | 6.8% | 5.0% | - |
| Return on invested capital | 3.3% | - | 4.0% | 4.2% | 3.7% | - | 4.0% | 4.7% | 3.5% | - |
| Liquidity | ||||||||||
| Current ratio | 1.61 | 1.62 | 1.47 | 1.42 | 1.35 | 1.31 | 1.58 | 1.49 | 1.55 | 1.47 |
| Quick ratio | 1.17 | 1.22 | 1.08 | 1.04 | 0.99 | 0.94 | 1.13 | 1.05 | 1.08 | 1.05 |
| Cash ratio | 0.32 | 0.44 | 0.33 | 0.27 | 0.31 | 0.25 | 0.25 | 0.22 | 0.24 | 0.30 |
| Leverage | ||||||||||
| Debt / Equity | 0.79 | 0.83 | 0.76 | 0.78 | 0.80 | 0.72 | 0.79 | 0.74 | 0.75 | 0.73 |
| Debt / Assets | 0.29 | 0.30 | 0.27 | 0.27 | 0.26 | 0.25 | 0.28 | 0.27 | 0.27 | 0.27 |
| Debt / EBITDA | 8.34 | - | 7.43 | 7.00 | 7.66 | - | 7.59 | 6.22 | 7.50 | - |
| Interest coverage | 10.4x | - | 10.6x | 12.0x | 10.8x | - | 10.6x | 13.4x | 11.8x | - |
| Equity multiplier | 2.73 | 2.78 | 2.84 | 2.92 | 3.05 | 2.86 | 2.81 | 2.80 | 2.75 | 2.76 |
| Liabilities / Assets | 0.63 | 0.63 | 0.64 | 0.65 | 0.66 | 0.64 | 0.64 | 0.63 | 0.63 | 0.63 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.18 | 0.19 | 0.17 | - | 0.21 | 0.22 | 0.20 | - |
| Inventory turnover | 1.05 | - | 1.11 | 1.09 | 1.01 | - | 1.18 | 1.19 | 1.05 | - |
| Days sales outstanding | 341d | - | 332d | 339d | 340d | - | 291d | 293d | 303d | - |
| Days inventory outstanding | 347d | - | 328d | 334d | 360d | - | 310d | 307d | 348d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 62.9x | - | 52.6x | 57.4x | 67.1x | - | 66.2x | 56.2x | 85.7x | - |
| P / B | 3.0x | - | 3.1x | 3.4x | 3.6x | - | 4.0x | 3.8x | 4.3x | - |
| P / S | 6.1x | - | 5.8x | 6.2x | 6.8x | - | 6.8x | 6.2x | 8.0x | - |
| EV / EBITDA | 37.5x | - | 35.1x | 35.8x | 39.5x | - | 44.4x | 37.0x | 49.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.7% | - | -10.8% | -12.5% | -14.5% | - | -1.5% | - | -11.5% | - |
| Revenue CAGR (3y) | -6.9% | - | -3.0% | -3.7% | -5.1% | - | 1.5% | 3.2% | 3.6% | - |
| Revenue CAGR (5y) | 0.3% | - | 2.1% | 6.8% | 1.8% | - | 3.6% | 3.6% | 3.5% | - |
| Gross profit growth (YoY) | 7.3% | - | -13.4% | -14.4% | -17.4% | - | 1.1% | - | -7.0% | - |
| Operating income growth (YoY) | 4.8% | - | -3.2% | -10.4% | -6.8% | - | 2.0% | - | -17.3% | - |
| Net income growth (YoY) | 2.4% | - | -3.2% | -14.8% | -6.8% | - | 9.9% | - | -18.4% | - |
| EPS growth (YoY) | 4.3% | - | 0.0% | -11.6% | -3.6% | - | 11.7% | - | -18.0% | - |
| EPS CAGR (3y) | -6.2% | - | 12.9% | 2.3% | 173.1% | - | 11.8% | 7.6% | 2.3% | - |
| EPS CAGR (5y) | 1.5% | - | 1.5% | 35.7% | 9.8% | - | 5.4% | 14.5% | 5.2% | - |
| FCF growth (YoY) | 28.2% | - | - | - | 28.2% | - | - | - | -802.9% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 17.0% | 17.0% | 0.2% | -2.4% | -12.8% | -13.4% | 0.5% | - | 4.3% | 18.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$15.88B totalIndustrial Coatings$6.52B · 41.1%
Performance Coatings$5.51B · 34.7%
Global Architectural Coatings$3.84B · 24.2%
Geographic
$7.00B totalNorth America$3.16B · 45.2%
EMEA$2.32B · 33.1%
Latin America$1.31B · 18.8%
Asia Pacific$204.00M · 2.9%
Peer comparison
Same SIC group: Paints, Varnishes, Lacquers, Enamels & Allied Prods
Comparing PPG INDUSTRIES INC against the 3 most active filers in the same SIC group.
Dividends
$2.84/share trailing 12 months · +4.4% YoY
| Ex-date | Per share |
|---|---|
| May 11, 2026 | $0.7100 |
| Feb 20, 2026 | $0.7100 |
| Nov 10, 2025 | $0.7100 |
| Aug 11, 2025 | $0.7100 |
| May 12, 2025 | $0.6800 |
| Feb 21, 2025 | $0.6800 |
| Nov 12, 2024 | $0.6800 |
| Aug 12, 2024 | $0.6800 |
| May 9, 2024 | $0.6500 |
| Feb 15, 2024 | $0.6500 |
| Nov 9, 2023 | $0.6500 |
| Aug 9, 2023 | $0.6500 |
| May 9, 2023 | $0.6200 |
| Feb 16, 2023 | $0.6200 |
| Nov 9, 2022 | $0.6200 |
| Aug 9, 2022 | $0.6200 |
| May 9, 2022 | $0.5900 |
| Feb 17, 2022 | $0.5900 |
| Nov 9, 2021 | $0.5900 |
| Aug 9, 2021 | $0.5900 |
| May 7, 2021 | $0.5400 |
| Feb 18, 2021 | $0.5400 |
| Nov 9, 2020 | $0.5400 |
| Aug 7, 2020 | $0.5400 |