Friday 6 November 2026 Export PPG’s income statement to Excel — free account

PPG Industries, Inc.

PPG Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.9 billion, roughly unchanged from fiscal 2024.

Revenue: +6.64%
EPS: +1.00%
Free cash flow: −23.6%
Total debt: −6.47%

Quarter to September 2026, against a year earlier

123.65 3.62 −2.84%

Follow PPG

Alert me

Market cap: $27.2B
P/E: 17.6×
Fwd P/E: 16.2×
Dividend yield: 2.32%
F-score: 6/9
Altman Z: 3.65
Beneish M: −2.47
Dividend safety: 79/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	28.86	18.55	18.39	25.43	32.19	28.50	29.09	27.38	25.09	14.70
Piotroski F-Score Full definition →	8	6	5	6	5	6	5	8	7	6
P/S ratio Full definition →	1.77	2.05	1.62	2.09	2.47	2.44	1.92	2.14	1.76	1.46
Altman Z-Score Full definition →	4.30	4.60	4.36	4.34	3.98	4.15	3.83	4.17	4.19	3.65
Altman Z″-Score (non-manufacturers) Full definition →	5.58	5.79	5.54	5.28	4.90	4.72	5.08	5.27	5.51	5.56
P/FCF ratio Full definition →	26.05	25.02	23.61	18.97	18.70	33.10	62.78	18.34	39.95	19.94
Beneish M-Score Full definition →	(2.77)	(2.38)	(2.53)	(2.69)	(2.74)	(2.27)	(2.37)	(2.85)	(2.53)	(2.47)
P/Operating CF Full definition →	44.00	56.38	31.17	39.09	35.35	89.85	51.02	38.71	80.72	26.14
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	79
P/B ratio Full definition →	5.15	5.33	5.27	5.85	5.87	6.39	4.46	4.33	4.01	2.86
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	1.95	2.23	1.89	2.34	2.75	2.77	2.28	2.42	2.04	1.78
EV/EBITDA Full definition →	11.58	12.97	12.64	15.52	17.96	20.24	16.68	14.32	12.72	10.51
EV/Operating CF Full definition →	20.62	20.97	19.76	17.02	17.83	29.76	36.98	16.28	22.81	14.57
EV/FCF Full definition →	28.68	27.21	27.45	21.24	20.80	37.55	74.65	20.71	46.33	24.31
Quick Ratio Full definition →	1.06	1.13	0.87	0.92	0.96	0.89	0.94	0.91	0.87	1.13
Current Ratio Full definition →	1.55	1.66	1.36	1.41	1.41	1.42	1.52	1.47	1.31	1.62
Net Debt/EBITDA Full definition →	1.06	1.05	1.77	1.66	1.81	2.40	2.65	1.64	1.75	1.89
Debt/Assets Full definition →	28.00%	25.07%	31.32%	28.53%	29.40%	30.82%	32.86%	27.97%	29.92%	33.07%
Debt/Equity Full definition →	0.90	0.73	1.06	0.94	0.99	1.03	1.02	0.75	0.84	0.90
Asset Turnover Full definition →	0.87	0.91	0.94	0.90	0.74	0.82	0.74	0.77	0.77	0.76
Operating CF/Net income Full definition →	1.55	0.98	1.09	1.67	2.01	1.09	0.94	1.90	1.27	1.23
Capex/Depreciation Full definition →	(0.86)	(0.78)	(0.83)	(0.81)	(0.60)	(0.58)	(0.97)	(1.00)	(1.47)	(1.47)
Interest Coverage Full definition →	15.73	19.75	15.22	13.41	11.64	14.35	9.78	9.02	8.52	8.98
ROE Full definition →	17.49%	30.11%	25.78%	24.53%	18.88%	23.54%	15.64%	17.24%	14.89%	20.93%
ROA Full definition →	5.32%	9.87%	8.24%	7.37%	5.68%	7.04%	4.87%	5.99%	5.43%	7.59%
ROIC Full definition →	16.45%	15.57%	12.78%	12.05%	10.41%	9.10%	8.25%	11.13%	11.24%	10.25%
Return on Tangible Assets Full definition →	17.71%	29.49%	30.53%	26.02%	20.79%	26.40%	17.75%	21.80%	22.29%	22.31%
Average Days of Receivables Full definition →	67.88	71.85	67.54	66.42	71.92	68.47	77.21	67.58	68.76	76.70
Research and Development Expense of Revenue Full definition →	3.17%	3.06%	2.87%	2.85%	2.74%	2.61%	2.78%	2.61%	2.67%	2.66%
Selling, General and Administrative Expense of Revenue Full definition →	24.91%	24.10%	23.24%	23.80%	24.50%	22.50%	19.45%	20.94%	21.40%	21.66%
Intangible Assets out of Total Assets Full definition →	0.35	0.36	0.38	0.37	0.38	0.42	0.41	0.39	0.39	0.37
Share Based Compensation of Revenue Full definition →	0.32%	0.24%	0.24%	0.26%	0.32%	0.34%	0.22%	0.34%	0.27%	0.29%
Graham Net Nets Full definition →	(0.17)	(0.15)	(0.21)	(0.19)	(0.20)	(0.20)	(0.23)	(0.18)	(0.21)	(0.26)
Graham Number Full definition →	37.07	56.30	49.27	51.90	49.75	60.61	52.80	64.15	56.47	74.91
Earnings Yield Full definition →	3.46%	5.39%	5.44%	3.93%	3.11%	3.51%	3.44%	3.65%	3.98%	6.80%
Free Cash Flow Yield Full definition →	3.84%	4.00%	4.24%	5.27%	5.35%	3.02%	1.59%	5.45%	2.50%	5.02%
Revenue per Share Full definition →	53.73	57.59	63.03	63.93	58.42	70.72	66.13	68.82	67.77	70.15
Operating CF per Share Full definition →	5.09	6.12	6.01	8.78	8.99	6.57	4.08	10.22	6.07	8.58
Capex per Share Full definition →	(1.43)	(1.41)	(1.69)	(1.74)	(1.28)	(1.36)	(2.06)	(2.19)	(3.08)	(3.44)
Free Cash Flow per Share Full definition →	3.66	4.72	4.33	7.04	7.71	5.21	2.02	8.03	2.99	5.14
Cash per Share Full definition →	7.01	5.82	3.95	5.37	8.12	4.51	4.89	6.64	5.81	9.81
Shareholders Equity per Share Full definition →	18.51	22.15	19.40	22.81	24.56	26.98	28.42	34.00	29.78	35.78
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	18.51	22.15	19.40	22.81	24.56	26.98	28.42	34.00	29.78	35.78
Free Cash Flow Full definition →	971.00	1,208.00	1,056.00	1,667.00	1,826.00	1,238.00	477.00	1,895.00	699.00	1,163.00
Working Capital Full definition →	2,321.00	2,582.00	1,588.00	1,795.00	1,967.00	2,008.00	2,452.00	2,377.00	1,543.00	3,059.00
Capital Expenditures Full definition →	(380.00)	(360.00)	(411.00)	(413.00)	(304.00)	(324.00)	(486.00)	(516.00)	(721.00)	(778.00)
Net Current Asset Value Full definition →	(4,282.00)	(4,389.00)	(5,322.00)	(6,135.00)	(6,943.00)	(8,166.00)	(6,862.00)	(6,193.00)	(5,914.00)	(6,042.00)
EV/EBIT Full definition →	14.17	15.85	16.14	20.00	23.65	26.77	21.81	17.62	15.77	13.07
Capex to Sales Full definition →	0.03	0.02	0.03	0.03	0.02	0.02	0.03	0.03	0.05	0.05
Price to Operating Income Full definition →	12.87	14.57	13.88	17.87	21.26	23.60	18.34	15.61	13.60	10.72
Other line items
Depreciation/Fixed assets Full definition →	0.17	0.16	0.18	0.17	0.16	0.16	0.15	0.15	0.14	0.13
Cash ROIC Full definition →	8.67%	10.68%	9.86%	14.21%	13.54%	8.80%	3.25%	12.11%	4.95%	6.60%
Accounts Receivable Turnover Full definition →	5.32	5.31	5.35	5.41	5.05	5.72	4.84	5.15	5.29	5.02
Accounts Payable Turnover Full definition →	2.23	2.27	2.43	2.43	2.13	2.51	2.35	2.35	2.34	2.42
Inventory Turnover Full definition →	4.83	5.06	5.12	4.95	4.51	5.27	4.49	4.60	4.90	4.85
Average Days of Payables Full definition →	164.76	168.12	146.92	147.47	177.97	155.85	149.55	156.93	147.19	155.03
Days of Inventory on Hand Full definition →	72.10	76.92	72.30	72.13	81.43	77.04	83.14	72.94	72.83	78.20
Average Receivables Full definition →	2,681.50	2,778.50	2,874.00	2,800.50	2,741.00	2,939.00	3,227.50	3,155.00	2,996.00	3,160.50
Average Payables Full definition →	3,439.50	3,620.50	3,702.00	3,559.50	3,644.00	4,092.00	4,239.50	4,124.00	3,946.00	3,844.00
Average Inventory Full definition →	1,586.50	1,622.00	1,756.50	1,746.50	1,722.50	1,953.00	2,221.50	2,103.00	1,890.00	1,921.00
Average Assets Full definition →	16,423.50	16,154.50	16,276.50	16,861.50	18,632.00	20,453.50	21,047.50	21,195.50	20,540.00	20,765.50
Average Common Equity Full definition →	4,992.00	5,293.50	5,202.00	5,067.50	5,609.00	6,113.00	6,560.00	7,366.00	7,492.50	7,529.50

Show all line items

Columns are period end dates · fundamentals updated 5 Nov 2026

Stockrow Weekly