PPG Industries
PPG NYSE· Specialty Chemicals
Last close · Oct 26, 2026
$109.90
KIRA · Stoqly’s AI analyst, in plain words
- PPG Industries had $15.9B of revenue in fiscal 2025, up 0.2% on the year before. Over five years, revenue changed +2.8% a year on average.
- PPG Industries made $1.6B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 8.7% a year.
- Free cash flow was $1.2B in fiscal 2025, 7.3% of revenue.
- PPG Industries returned $1.4B to shareholders in fiscal 2025, 122% of free cash flow. The diluted share count fell 3.3%.
- PPG Industries owes $5.1B more than it holds in cash, about 1.8 years of operating profit.
Market cap
$24.7B
P/E
15.7x
Revenue
$15.9B
Net income
$1.6B
Free cash flow
$1.2B
Operating margin
—
PPG Industries in 30 seconds · fiscal 2025
Are sales growing?
+0.2%
Only a little. Sales grew 0.2% last year.
Does it make a profit?
9.9%
A little. It keeps 9.9% of every sale as profit.
Does profit turn into cash?
7.3%
Partly. 7.3% of sales ends up as free cash.
Is debt under control?
1.8x
Keep an eye on it. Repaying its debt would take 1.8 years of operating profit.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
15.7x
One share costs 15.7 times its yearly profit per share. Typical for its sector: 20.6x.
What PPG Industries does
PPG makes paints, coatings and specialty products and sells them in more than 50 countries. Its customers range from car makers, aircraft and ship builders and packaging producers to painting contractors and home owners who buy paint for decoration and upkeep. Products also include adhesives, sealants and pavement marking materials. It reports three segments. Global Architectural Coatings sells paints, stains and related products for buildings through its own stores, home centers, dealers and distributors. Performance Coatings serves aerospace, car repair shops, protective and marine uses and road markings. Industrial Coatings sells directly to factories, including car makers, appliance and equipment producers and packaging makers, and also makes specialty products such as Teslin label material and optical lens materials. PPG says it competes with the world's largest coatings companies, including Akzo Nobel, Nippon Paint and Sherwin-Williams, and with many regional makers.
Biggest risks, in its own words
- Higher prices or short supply of raw materials, which are its single largest production cost.
- Weak economic growth and uncertainty, and swings in currency exchange rates across its many countries.
- Strong competition from several large global coatings companies and many regional ones.
- Environmental rules and cleanup costs at current and former manufacturing sites.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 19, 2026
- Legal name
- PPG INDUSTRIES INC
- CIK
- 0000079879
PPG Industries · PPG
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $16.8B | $15.6B | $16.2B | $15.8B | $15.9B |
| Revenue growth | 21.5% | −7.1% | 4.0% | −2.4% | 0.2% |
| Gross margin | 38.8% | 36.1% | 40.4% | 41.6% | 41.3% |
| Operating margin | 12.9% | 13.1% | 16.5% | — | — |
| Net income | $1.4B | $1.0B | $1.3B | $1.1B | $1.6B |
| Net margin | 8.6% | 6.6% | 7.8% | 7.0% | 9.9% |
| Diluted EPS | $6.01 | $4.32 | $5.35 | $4.75 | $6.94 |
| Cash | |||||
| Cash from operations | $1.6B | $963M | $2.4B | $1.4B | $1.9B |
| Capital expenditure | $371M | $486M | $516M | $721M | $778M |
| Free cash flow | $1.2B | $477M | $1.9B | $699M | $1.2B |
| FCF margin | 7.1% | 3.1% | 11.7% | 4.4% | 7.3% |
| Dividends paid | $536M | $570M | $598M | $622M | $628M |
| Share buybacks | $210M | $190M | $86.0M | $752M | $790M |
| Share count change | 0.6% | −0.9% | −0.0% | −1.0% | −3.3% |
| Debt and strength | |||||
| Cash and short-term investments | $1.1B | $1.2B | $1.6B | $1.4B | $2.2B |
| Debt incl. finance leases | $6.6B | $6.8B | $6.1B | $5.8B | $7.3B |
| Shareholders' equity | $6.3B | $6.6B | $7.8B | $6.8B | $7.9B |
| Net debt / EBITDA | 2.0x | 2.2x | 1.4x | 1.7x | 1.8x |
| Current ratio | 1.4x | 1.5x | 1.5x | 1.3x | 1.6x |
| Interest coverage | 17.9x | 12.2x | 10.8x | 8.7x | 9.5x |
| Returns and quality | |||||
| Return on capital | 16.0% | 12.8% | 16.1% | 13.0% | 14.4% |
| Return on equity | 24.0% | 15.9% | 17.6% | 15.3% | 21.4% |
| Piotroski F-score | 6 | 4 | 8 | 6 | 7 |
| Altman Z'' | 4.9 | 5.2 | 5.4 | 5.5 | 5.6 |
Insiders bought, 12 months
$0.0M
1 insider
Insiders sold, 12 months
$15.2M
3 insiders
Of sales under plans
28%
$4.3M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
PPG Industries · PPG
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| PPG Industries PPG | $24.7B | 0.2% | — | 7.3% | 14.4% | 15.7x | 7 |
| Ecolab ECL | $81.5B | 2.2% | 17.0% | 11.8% | 13.8% | 38.8x | 5 |
| Westlake WLK | $8.4B | −8.0% | −14.1% | −4.7% | −10.0% | — | 3 |
| International Flavors & Frag... IFF | $24.1B | −5.2% | −3.5% | 2.4% | −1.4% | 82.2x | 6 |
| Sherwin-Williams SHW | $82.4B | 2.1% | — | 11.3% | 19.9% | 30.9x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $109.90 a share, the company is worth $24.7B: 15.7 times its earnings of the last four quarters.
PPG Industries grew sales faster than 2 of its 4 similar companies. Its P/E is higher than 0 of 3.
Source: SEC EDGAR XBRL filings (CIK 0000079879). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.