PPG Industries, Inc. PPG

107.77 2.84 2.71% as of 22 Sep
Market cap
$23.8B
P/E
15.4×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.00
Total sells 15.22
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — 1 — — 1
Sell — — — 2 3 — — — — — — —
Insider Ownership 0.43%

Capital & Financial Ratios

Market Cap 23,830.00
Revenue 16,421.00
Net Income 1,581.00
Free Cash Flow 1,407.00
Net Debt 5,292.00
Current Ratio 1.58
Debt/Equity 0.80
P/E ratio 15.35
P/S ratio 1.46
P/B ratio 2.80
Past 5Y EPS Growth 2.71%
This Y EPS Growth 4.27%
Next Y EPS Growth 9.36%
Next 5Y EPS Growth 7.65%
in millions of $

Dividends

Payout Ratio 0.45
Annual Dividend Rate 2.60
Annual Dividend Yield 1.92%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.90
0.71
0.71
0.74
2025 2.78
0.68
0.68
0.71
0.71
2024 2.66
0.65
0.65
0.68
0.68
2023 2.54
0.62
0.62
0.65
0.65
2022 2.42
0.59
0.59
0.62
0.62
2021 2.26
0.54
0.54
0.59
0.59
2020 2.10
0.51
0.51
0.54
0.54
2019 1.98
0.48
0.48
0.51
0.51
2018 1.86
0.45
0.45
0.48
0.48
2017 1.70
0.40
0.40
0.45
0.45
2016 1.56
0.36
0.40
0.40
0.40
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 1,568 1,358 2,219 1,594
Receivables 3,007 2,985 3,336 3,912
Inventory 1,934 1,846 1,996 2,226
Other 922 368 408 529
7,431 6,557 7,959 8,261
2023 2024 2025 Q'26
Payables 4,161 3,731 3,957 4,307
ST’ Debt 306 939 706 691
Other 459 218 99 96
5,054 5,014 4,900 5,229
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 1.09% 2.79% 0.55%
Cash Flow 0.24% (1.84%) 26.32%
Earnings 1.15% 8.28% 15.38%
Book Value 4.79% 6.85% 6.47%

Revenue

Mar Jun Sep Dec Year
’26 3,930 4,495 — — —
’25 3,684 4,195 4,082 3,914 15,875
’24 3,849 4,235 4,032 3,729 15,845
’23 4,380 4,872 4,644 2,346 16,242
’22 4,308 4,691 4,468 2,147 15,614
’21 3,881 4,359 4,372 4,190 16,802
’20 3,377 3,015 3,685 3,757 13,834
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 33 559 — — —
’25 (18) 387 685 887 1,941
’24 (60) 365 769 346 1,420
’23 85 536 892 898 2,411
’22 (304) 168 512 587 963
’21 (23) 604 525 456 1,562
’20 (159) 481 842 966 2,130
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (163) 446 — — —
’25 (227) 266 538 586 1,163
’24 (312) 250 623 138 699
’23 (35) 414 778 738 1,895
’22 (498) 214 408 353 477
’21 (103) 542 447 352 1,238
’20 (196) 426 764 832 1,826
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 1.70 1.95 — — —
’25 1.63 1.98 2.00 1.33 6.94
’24 1.69 2.24 2.00 (1.20) 4.75
’23 1.11 2.06 1.79 0.38 5.35
’22 0.08 1.85 1.39 1.01 4.32
’21 1.58 1.80 1.43 1.20 6.01
’20 1.02 0.43 1.86 1.14 4.45
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
88.37 94.57 94.37 96.82 69.77 132.10 107.06 120.33 118.07 90.24

Analyst estimates 2026–2028

Powerpack
Low Price
117.00 119.85 122.07 134.36 149.88 182.97 177.32 152.89 148.68 124.74
High Price
47,000 28,200 47,300 47,600 26,400 27,500 52,000 53,000 46,000 43,500
Employees
0 1 0 0 1 1 0 0 0 0
Revenue/Emp
14,270 14,748 15,374 15,146 13,834 16,802 15,614 16,242 15,845 15,875
Revenue
46.29% 44.34% 41.45% 42.87% 43.78% 38.78% 36.12% 40.41% 41.61% 41.32%
Gross Margin
779 2,005 1,693 1,661 1,362 1,815 1,355 1,690 1,852 2,045
EBT
5.46% 13.60% 11.01% 10.97% 9.85% 10.80% 8.68% 10.41% 11.69% 12.88%
EBT Margin
895 1,615 1,358 1,269 1,071 1,441 1,054 1,309 1,149 1,592
Net Income
440 460 497 511 509 561 502 514 492 528
Depreciation
53.73 57.59 63.03 63.93 58.42 70.72 66.13 68.82 67.77 70.15
Revenue/Sh
3.30 6.36 5.50 5.25 4.47 6.06 4.35 5.38 4.77 6.96
Earnings/Sh
5.09 6.12 6.01 8.78 8.99 6.57 4.08 10.22 6.07 8.58
Cash Flow/Sh
(1.43) (1.41) (1.69) (1.74) (1.28) (1.36) (2.06) (2.19) (3.08) (3.44)
Capex/Sh
3.66 4.72 4.33 7.04 7.71 5.21 2.02 8.03 2.99 5.14
Free CF/Sh
18.51 22.15 19.40 22.81 24.56 26.98 28.42 34.00 29.78 35.78
Book Value/Sh
266 256 244 237 237 238 236 236 234 226
Shares
28.86 18.55 18.39 25.43 32.19 28.50 29.09 27.38 25.09 14.70
PE Ratio
1.77 2.05 1.62 2.09 2.47 2.44 1.92 2.14 1.76 1.46
PS Ratio
5.15 5.33 5.27 5.85 5.87 6.39 4.46 4.33 4.01 2.86
PB Ratio
1.95 2.23 1.89 2.34 2.75 2.77 2.28 2.42 2.04 1.78
EV/Sales
28.68 27.21 27.45 21.24 20.80 37.55 74.65 20.71 46.33 24.31
EV/FCF
1,351 1,568 1,467 2,080 2,130 1,562 963 2,411 1,420 1,941
Op' Cash Flow
(380) (360) (411) (413) (304) (324) (486) (516) (721) (778)
Capex
971 1,208 1,056 1,667 1,826 1,238 477 1,895 699 1,163
FCF
2,321 2,582 1,588 1,795 1,967 2,008 2,452 2,377 1,543 3,059
Working Cap'
4,416 4,146 5,016 5,052 5,749 6,581 6,816 6,054 5,815 7,308
Total Debt
2,553 2,655 4,053 3,779 3,827 5,509 5,662 4,486 4,457 5,089
Net Debt
4,915 5,672 4,732 5,403 5,815 6,411 6,709 8,023 6,962 8,097
Sh' Equity
5.32% 9.87% 8.24% 7.37% 5.68% 7.04% 4.87% 5.99% 5.43% 7.59%
ROA
16.45% 15.57% 12.78% 12.05% 10.41% 9.10% 8.25% 11.13% 11.24% 10.25%
ROIC
17.49% 30.11% 25.78% 24.53% 18.88% 23.54% 15.64% 17.24% 14.89% 20.93%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

PPG Industries, Inc. (PPG) key facts

  • PPG Industries, Inc. (PPG) is a Specialty Chemicals company in the Basic Materials sector, listed on the New York Stock Exchange.
  • PPG Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.9 billion, roughly unchanged from fiscal 2024.
  • Net income was $1.6 billion, or $6.96 per share (basic), a net margin of 9.93%.
  • As of September 22, 2026, PPG traded at $107.77, a market capitalization of $23.8 billion.
  • At that price the stock trades at 15.4× trailing-twelve-month earnings and 1.5× sales.
  • PPG Industries, Inc. pays an annual dividend of $2.60 per share, a yield of 1.92%, with a payout ratio of 44.5%.
  • Return on equity was 20.9% and debt-to-equity 0.80.

Source: company filings (standardised) and stockrow calculations.

PPG Industries, Inc. (PPG) Latest News

News by impact score

Fine-tune

23 Sep

3

PPG promoted scientist Venkateshwarlu Kalsani to associate fellow, a prestigious internal honor recognizing sustained innovation and the potential for future technological breakthroughs. Senior VP David Bem praised his record of solving customers' toughest challenges and strengthening PPG's innovation pipeline across fire protection, battery safety, industrial coatings, consumer electronics and marine applications, noting that his work has generated more than $1 billion in cumulative value. Kalsani contributed to intumescent fire protection coatings for automotive, protective and marine applications and helped advance battery fire protection tech that earned an R&D 100 Award. He holds 16 patents (13 pending), co-authored more than 50 publications, and was added to PCI Magazine's Editorial Advisory Board in 2025. Since joining PPG in 2007 after studies at Kakatiya University, the University of Siegen, and Tufts, he has influenced multiple strategic units. PPG has five other fellows or associate fellows. Moderate potential long-term impact due to reinforcement of PPG's R&D leadership and innovation pipeline.

22 Sep

3

QXO announced Ken West will become President and COO effective September 1 to lead day-to-day operations after closing the TopBuild acquisition, positioning QXO as the second-largest publicly traded building-products distributor in North America. West, a veteran of Honeywell and PPG Industries, will oversee integration of multiple acquisitions to drive scale. In Q2 2026, net sales rose to $3.25 billion, with Kodiak Building Partners contributing another $595 million; adjusted EBITDA grew to $272 million. But six months into 2026, net loss widened to $282 million and adjusted EPS turned negative by two cents, highlighting integration costs. CEO Brad Jacobs aims to more than double EBITDA by 2030 and reach $50 billion in revenue this decade, contingent on turning acquisitions into a single operating company. Hedge funds increased to 83 holders with 11.49% short interest; shares trade around 17.8 times forward earnings. Aggressive roll-up activity by QXO could influence market dynamics and prompt strategic responses from competitors like PPG.

21 Sep

3

PPG Industries named Alex Lopez, currently director of investor relations, as vice president of investor relations and operational finance, effective Oct. 1. He will continue leading investor relations while adding responsibility for enterprise operational finance to strengthen capital discipline, productivity governance and finance effectiveness, reporting to CFO Jamie Beggs. Lopez has 20 years with PPG, including roles as global finance director for Automotive OEM Coatings and finance director for Architectural Coatings, Latin America, with a 2017 relocation to Mexico City. He previously served as business controller for Automotive OEM Coatings and Industrial Coatings and as global FP&A manager for Automotive OEM Coatings; before joining PPG, he held FP and liaison roles at GE Appliances and its Mabe JV. He holds a BA from Universidad Autónoma de Querétaro and an MBA from Michigan State University. PPG operates in more than 50 countries and reported 2025 net sales of $15.9 billion. Strengthening investor relations and operational finance governance can modestly improve financial visibility and discipline with limited immediate effect on core operations.

1 Sep

3

PPG launches new marine coatings and Powerpack tool to strengthen marine sector position and investor returns. New marine coatings and tool launches may lift PPG revenue in targeted segments without altering overall trajectory.

31 Aug

3

PPG Industries introduces PPG ONE RANGE portfolio for onboard maintenance. New product portfolio launch may moderately strengthen PPG's position in maintenance coatings.

7 Aug

3

PPG Industries invests $280 million to expand its Ohio plant and adds 100 jobs. Plant expansion boosts PPG production capacity with limited employment impact.

30 Jul

3

PPG Industries Q2 earnings call highlights financial performance, revenue trends and strategic outlook. Standard quarterly earnings updates can moderately shift short-term investor sentiment and stock movement.

29 Jul

4

PPG Industries reported Q2 2026 earnings during its call, detailing revenue, EPS, segment results, and forward guidance. Earnings figures and guidance directly shape valuation and investor outlook for the company.

3

PPG Industries reports steady earnings with a dividend increase and ongoing share buybacks, prompting questions on whether these moves reshape its capital allocation strategy. Dividend hikes and buybacks signal moderate capital allocation shifts that may influence PPG investor sentiment and near-term stock performance.

3

PPG Industries could be undervalued by 11 percent based on reaffirmed guidance and ongoing buybacks. Reaffirmed guidance and buybacks support moderate positive effects on PPG valuation and sentiment.

3

PPG Industries reported strong Q2 2026 sales growth during its earnings call despite ongoing cost pressures. Q2 sales growth amid costs signals moderate positive influence on near-term financial results and sentiment.

3

PPG Industries posted Q2 earnings below analyst estimates despite strong sales growth. Earnings miss offset by sales growth creates moderately noticeable but balanced effects on PPG performance outlook.

28 Jul

3

PPG Industries Q2 earnings key metrics compared to estimates show variances in financial performance indicators. Quarterly earnings metrics versus estimates reveal performance details that may shift investor sentiment without major strategic shifts.

3

PPG Industries missed Q2 earnings estimates, pressuring near-term stock performance and prompting downward adjustments to financial outlooks. Q2 earnings shortfall typically triggers short-term stock pressure and analyst revisions without reshaping long-term strategy.

3

PPG Industries reported second quarter 2026 financial results. Quarterly results can moderately affect valuation and near-term investor views.

15 Jul

3

PPG Industries introduces PPG AEROVIEW virtual aircraft painter for business and general aviation. New virtual painting tool adds incremental product capability in coatings without shifting overall market position.

14 Jul

3

PPG Industries positions green chemistry awards as a potential source of lasting competitive advantage in premium coatings through sustainability-focused innovation. Green chemistry recognition supports PPG innovation and competitive positioning in coatings without indicating immediate major financial or market shifts.

13 Jul

3

FTC states Henkel deal would merge top two adhesives makers, akin to Coke and Pepsi combination, raising major antitrust concerns in the sector where PPG operates. FTC review of Henkel transaction shapes competitive dynamics and market structure for adhesives players including PPG.

1 Jul

3

PPG Industries capitalizes on aerospace opportunities that reinforce its standing as a leading dividend aristocrat stock. Aerospace opportunities support moderate gains in PPG revenue and investor appeal without transforming core operations.

27 Jun

3

Citi raised its price target on PPG Industries shares citing a positive outlook across the specialty chemicals sector. Citi target increase may lift near-term sentiment toward PPG without shifting underlying operations or strategy.

11 Jun

3

PPG Industries (PPG) share price shows recent momentum tied to progress on growth strategies, triggering fresh valuation assessment amid ongoing operational developments. Growth strategy progress combined with share price momentum points to moderately noticeable effects on financial performance and investor positioning.

3

PPG Industries reports aerospace segment progress, implements leadership changes, and provides valuation context. Leadership shifts combined with aerospace updates may moderately shape PPG operational focus and investor sentiment.

10 Jun

3

PPG Industries emphasizes aerospace segment strength via continued innovation and product development. Aerospace innovation focus may support moderate gains in segment performance and positioning.

9 Jun

4

PPG showcases aerospace innovations driving long-term organic sales growth and delivering customer productivity. Aerospace innovations at PPG position the firm for sustained sales growth and client efficiencies.

24 May

3

PPG Industries beat Q1 expectations and advanced coatings business expansion, prompting updated valuation assessment for the company. Q1 earnings beat and coatings expansion can influence PPG financial results and competitive stance without major trajectory shifts.

2 May

4

PPG Industries reaffirmed its 2026 guidance amid a CFO transition, raising questions on whether this reshapes the company's investment narrative. Reaffirmed long-term guidance and CFO shift represent major strategic signals likely to alter investor sentiment and company trajectory.

4

PPG Industries released Q1 earnings call highlights, detailing financial results, segment performance, strategic updates, and outlook amid market challenges. Q1 earnings highlights disclose key financial metrics, guidance, and strategies that significantly shape investor expectations and stock trajectory.

30 Apr

4

PPG Industries Inc. reported strong sales growth in Q1 2026 earnings call highlights amidst global challenges. Strong sales growth despite global challenges signals significant positive impact on PPG's financial performance and investor sentiment.

29 Apr

4 transcript

PPG Industries released the transcript of its Q1 2026 earnings call, covering quarterly financial results, business updates, and forward-looking guidance. Quarterly earnings transcripts provide detailed financial performance, strategic insights, and outlook that significantly influence investor sentiment and stock trajectory.

3

PPG Industries Q1 earnings met analyst estimates, with revenues surpassing expectations due to favorable currency gains. Meeting earnings estimates and beating revenues via currency gains provides moderate boost to financial performance and investor sentiment without fundamental changes.

stockrow.com/PPG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com