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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%
Market cap
$24.0B
P/E
15.3×
Fwd P/E
15.5×
Dividend yield
2.67%
F-score
6/9
Altman Z
3.65
Beneish M
−2.47
Dividend safety
79/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

PPG Industries, Inc. (PPG) Debt to equity

Alert me on Debt to equity

PPG Industries, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.8×, down 0.1× from fiscal 2025 (0.9×). Over the past ten years it has ranged from 0.7× (fiscal 2017) to 1.1× (fiscal 2018); the current reading is higher than 55% of that period. That is above the Specialty Chemicals industry median of 0.5× and above the Basic Materials sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.9× 8.07%
FY2024 0.8× 10.68%
FY2023 0.8× (25.72%)
FY2022 1.0× (1.03%)
FY2021 1.0× 3.82%
FY2020 1.0× 5.74%
FY2019 0.9× (11.79%)
FY2018 1.1× 45.01%
FY2017 0.7× (18.64%)
FY2016 0.9× 5.74%

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.8× (7.37%)
Mar 2026 0.9× (4.12%)
Dec 2025 0.9× (1.82%)
Sep 2025 0.9× (2.90%)
42 more quarters

Against its own ten years

Low 0.7× High 1.1×
Ten-year median 0.9×
Current reading's percentile 55

Debt to equity against peers

Company Debt to equity
ALB Albemarle Corporation compare 0.2×
DD DuPont de Nemours, Inc. compare 0.2×
IFF International Flavors & Fragrances Inc. compare 0.4×
SSL Sasol Ltd. compare 0.7×
RPM RPM International Inc. compare 0.7×
PPG PPG Industries, Inc. 0.8×
APD Air Products and Chemicals, Inc. compare 1.1×
LYB LyondellBasell Industries N.V. compare 1.2×
SOLS Solstice Advanced Materials Inc. compare 1.3×
Specialty Chemicals industry median 0.5×
Basic Materials sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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