Saturday 17 October 2026
Export PPG’s income statement to Excel — free account
PPG Industries, Inc.
PPG Basic Materials Specialty Chemicals
PPG Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.9 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 7.15%, EPS fell 1.01%, free cash flow grew 67.7% and total debt fell 6.08%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.
107.39
0.42
−0.39%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
28.86 | 18.55 | 18.39 | 25.43 | 32.19 | 28.50 | 29.09 | 27.38 | 25.09 | 14.70 |
Piotroski F-Score |
8 | 6 | 5 | 6 | 5 | 6 | 5 | 8 | 7 | 6 |
P/S ratio |
1.77 | 2.05 | 1.62 | 2.09 | 2.47 | 2.44 | 1.92 | 2.14 | 1.76 | 1.46 |
Altman Z-Score |
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) |
5.58 | 5.79 | 5.54 | 5.28 | 4.90 | 4.72 | 5.08 | 5.27 | 5.51 | 5.56 |
P/FCF ratio |
26.05 | 25.02 | 23.61 | 18.97 | 18.70 | 33.10 | 62.78 | 18.34 | 39.95 | 19.94 |
Beneish M-Score |
(2.77) | (2.38) | (2.53) | (2.69) | (2.74) | (2.27) | (2.37) | (2.85) | (2.53) | (2.47) |
P/Operating CF |
44.00 | 56.38 | 31.17 | 39.09 | 35.35 | 89.85 | 51.02 | 38.71 | 80.72 | 26.14 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 79 |
P/B ratio |
5.15 | 5.33 | 5.27 | 5.85 | 5.87 | 6.39 | 4.46 | 4.33 | 4.01 | 2.86 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
1.95 | 2.23 | 1.89 | 2.34 | 2.75 | 2.77 | 2.28 | 2.42 | 2.04 | 1.78 |
EV/EBITDA |
11.58 | 12.97 | 12.64 | 15.52 | 17.96 | 20.24 | 16.68 | 14.32 | 12.72 | 10.51 |
EV/Operating CF |
20.62 | 20.97 | 19.76 | 17.02 | 17.83 | 29.76 | 36.98 | 16.28 | 22.81 | 14.57 |
EV/FCF |
28.68 | 27.21 | 27.45 | 21.24 | 20.80 | 37.55 | 74.65 | 20.71 | 46.33 | 24.31 |
Quick Ratio |
1.06 | 1.13 | 0.87 | 0.92 | 0.96 | 0.89 | 0.94 | 0.91 | 0.87 | 1.13 |
Current Ratio |
1.55 | 1.66 | 1.36 | 1.41 | 1.41 | 1.42 | 1.52 | 1.47 | 1.31 | 1.62 |
Net Debt/EBITDA |
1.06 | 1.05 | 1.77 | 1.66 | 1.81 | 2.40 | 2.65 | 1.64 | 1.75 | 1.89 |
Debt/Assets |
28.00% | 25.07% | 31.32% | 28.53% | 29.40% | 30.82% | 32.86% | 27.97% | 29.92% | 33.07% |
Debt/Equity |
0.90 | 0.73 | 1.06 | 0.94 | 0.99 | 1.03 | 1.02 | 0.75 | 0.84 | 0.90 |
Asset Turnover |
0.87 | 0.91 | 0.94 | 0.90 | 0.74 | 0.82 | 0.74 | 0.77 | 0.77 | 0.76 |
Operating CF/Net income |
1.55 | 0.98 | 1.09 | 1.67 | 2.01 | 1.09 | 0.94 | 1.90 | 1.27 | 1.23 |
Capex/Depreciation |
(0.86) | (0.78) | (0.83) | (0.81) | (0.60) | (0.58) | (0.97) | (1.00) | (1.47) | (1.47) |
Interest Coverage |
15.73 | 19.75 | 15.22 | 13.41 | 11.64 | 14.35 | 9.78 | 9.02 | 8.52 | 8.98 |
| 17.49% | 30.11% | 25.78% | 24.53% | 18.88% | 23.54% | 15.64% | 17.24% | 14.89% | 20.93% | |
| 5.32% | 9.87% | 8.24% | 7.37% | 5.68% | 7.04% | 4.87% | 5.99% | 5.43% | 7.59% | |
ROIC |
16.45% | 15.57% | 12.78% | 12.05% | 10.41% | 9.10% | 8.25% | 11.13% | 11.24% | 10.25% |
Return on Tangible Assets |
17.71% | 29.49% | 30.53% | 26.02% | 20.79% | 26.40% | 17.75% | 21.80% | 22.29% | 22.31% |
Average Days of Receivables |
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 |
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 |
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 |
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 |
0.32% | 0.24% | 0.24% | 0.26% | 0.32% | 0.34% | 0.22% | 0.34% | 0.27% | 0.29% |
Graham Net Nets |
(0.17) | (0.15) | (0.21) | (0.19) | (0.20) | (0.20) | (0.23) | (0.18) | (0.21) | (0.26) |
Graham Number |
37.07 | 56.30 | 49.27 | 51.90 | 49.75 | 60.61 | 52.80 | 64.15 | 56.47 | 74.91 |
Earnings Yield |
3.46% | 5.39% | 5.44% | 3.93% | 3.11% | 3.51% | 3.44% | 3.65% | 3.98% | 6.80% |
Free Cash Flow Yield |
3.84% | 4.00% | 4.24% | 5.27% | 5.35% | 3.02% | 1.59% | 5.45% | 2.50% | 5.02% |
Revenue per Share |
53.73 | 57.59 | 63.03 | 63.93 | 58.42 | 70.72 | 66.13 | 68.82 | 67.77 | 70.15 |
Operating CF per Share |
5.09 | 6.12 | 6.01 | 8.78 | 8.99 | 6.57 | 4.08 | 10.22 | 6.07 | 8.58 |
Capex per Share |
(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 |
3.66 | 4.72 | 4.33 | 7.04 | 7.71 | 5.21 | 2.02 | 8.03 | 2.99 | 5.14 |
Cash per Share |
7.01 | 5.82 | 3.95 | 5.37 | 8.12 | 4.51 | 4.89 | 6.64 | 5.81 | 9.81 |
Shareholders Equity per Share |
18.51 | 22.15 | 19.40 | 22.81 | 24.56 | 26.98 | 28.42 | 34.00 | 29.78 | 35.78 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
18.51 | 22.15 | 19.40 | 22.81 | 24.56 | 26.98 | 28.42 | 34.00 | 29.78 | 35.78 |
Free Cash Flow |
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 |
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 |
(380.00) | (360.00) | (411.00) | (413.00) | (304.00) | (324.00) | (486.00) | (516.00) | (721.00) | (778.00) |
Net Current Asset Value |
(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 |
14.17 | 15.85 | 16.14 | 20.00 | 23.65 | 26.77 | 21.81 | 17.62 | 15.77 | 13.07 |
Capex to Sales |
0.03 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.05 | 0.05 |
Price to Operating Income |
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 |
0.17 | 0.16 | 0.18 | 0.17 | 0.16 | 0.16 | 0.15 | 0.15 | 0.14 | 0.13 |
Cash ROIC |
8.67% | 10.68% | 9.86% | 14.21% | 13.54% | 8.80% | 3.25% | 12.11% | 4.95% | 6.60% |
Accounts Receivable Turnover |
5.32 | 5.31 | 5.35 | 5.41 | 5.05 | 5.72 | 4.84 | 5.15 | 5.29 | 5.02 |
Accounts Payable Turnover |
2.23 | 2.27 | 2.43 | 2.43 | 2.13 | 2.51 | 2.35 | 2.35 | 2.34 | 2.42 |
Inventory Turnover |
4.83 | 5.06 | 5.12 | 4.95 | 4.51 | 5.27 | 4.49 | 4.60 | 4.90 | 4.85 |
Average Days of Payables |
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 |
72.10 | 76.92 | 72.30 | 72.13 | 81.43 | 77.04 | 83.14 | 72.94 | 72.83 | 78.20 |
Average Receivables |
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 |
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 |
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 |
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 |
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 |
Columns are period end dates