Saturday 17 October 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. 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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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

Impairment Oct 29, 2025

All filings →

Insider Decisions trades per month

Total buys 0.00

Total sells 15.22

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	1	—
Sell	—	—	2	3	—	—	—	—	—	—	—	—

Insider Ownership 0.43%

Capital & Financial Ratios $m

Market Cap 23,970.00

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 15.30

Fwd P/E 15.50

P/S ratio 1.46

P/B ratio 2.79

Past 5Y EPS Growth 9.29%

This Y EPS Growth 4.20%

Next Y EPS Growth 8.91%

Next Y revenue growth 5.79%

Next 5Y EPS Growth 7.49%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 2.47%

10-year low 10-year high

P/S against its own 10 years 4.50%

10-year low 10-year high

P/B against its own 10 years 1.73%

10-year low 10-year high

EV/Sales against its own 10 years 4.46%

10-year low 10-year high

EV/FCF against its own 10 years 16.92%

10-year low 10-year high

Dividends

Payout Ratio 0.41

Annual Dividend Rate 2.87

Annual Dividend Yield 2.67%

	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 special payouts not included in total or ratios

Assets vs Liabilities $m

	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

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 $m

	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

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	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

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	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

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	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
	High	117.00	119.85	122.07	134.36	149.88	182.97	177.32	152.89	148.68	124.74
People
People	Employees	47,000	28,200	47,300	47,600	26,400	27,500	52,000	53,000	46,000	43,500
	Revenue/emp, $m	0.30	0.52	0.33	0.32	0.52	0.61	0.30	0.31	0.34	0.36
Income, $m
Income, $m	Revenue	14,270	14,748	15,374	15,146	13,834	16,802	15,614	16,242	15,845	15,875
	Gross margin, %	46.29	44.34	41.45	42.87	43.78	38.78	36.12	40.41	41.61	41.32
	EBT	779	2,005	1,693	1,661	1,362	1,815	1,355	1,690	1,852	2,045
	EBT margin, %	5.46	13.60	11.01	10.97	9.85	10.80	8.68	10.41	11.69	12.88
	Net income	895	1,615	1,358	1,269	1,071	1,441	1,054	1,309	1,149	1,592
	Depreciation	440	460	497	511	509	561	502	514	492	528
Per share, $
Per share, $	Revenue	53.73	57.59	63.03	63.93	58.42	70.72	66.13	68.82	67.77	70.15
	Earnings	3.30	6.36	5.50	5.25	4.47	6.06	4.35	5.38	4.77	6.96
	Cash flow	5.09	6.12	6.01	8.78	8.99	6.57	4.08	10.22	6.07	8.58
	Capex	(1.43)	(1.41)	(1.69)	(1.74)	(1.28)	(1.36)	(2.06)	(2.19)	(3.08)	(3.44)
	Free cash flow	3.66	4.72	4.33	7.04	7.71	5.21	2.02	8.03	2.99	5.14
	Book value	18.51	22.15	19.40	22.81	24.56	26.98	28.42	34.00	29.78	35.78
	Shares, m	266	256	244	237	237	238	236	236	234	226
Valuation, ×
Valuation, ×	P/E	28.86	18.55	18.39	25.43	32.19	28.50	29.09	27.38	25.09	14.70
	P/S	1.77	2.05	1.62	2.09	2.47	2.44	1.92	2.14	1.76	1.46
	P/B	5.15	5.33	5.27	5.85	5.87	6.39	4.46	4.33	4.01	2.86
	EV/Sales	1.95	2.23	1.89	2.34	2.75	2.77	2.28	2.42	2.04	1.78
	EV/FCF	28.68	27.21	27.45	21.24	20.80	37.55	74.65	20.71	46.33	24.31
Cash, $m
Cash, $m	Operating cash flow	1,351	1,568	1,467	2,080	2,130	1,562	963	2,411	1,420	1,941
	Capex	(380)	(360)	(411)	(413)	(304)	(324)	(486)	(516)	(721)	(778)
	Free cash flow	971	1,208	1,056	1,667	1,826	1,238	477	1,895	699	1,163
Balance, $m
Balance, $m	Working capital	2,321	2,582	1,588	1,795	1,967	2,008	2,452	2,377	1,543	3,059
	Total debt	4,416	4,146	5,016	5,052	5,749	6,581	6,816	6,054	5,815	7,308
	Net debt	2,553	2,655	4,053	3,779	3,827	5,509	5,662	4,486	4,457	5,089
	Shareholders’ equity	4,915	5,672	4,732	5,403	5,815	6,411	6,709	8,023	6,962	8,097
Returns, %
Returns, %	ROA	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
	ROE	17.49	30.11	25.78	24.53	18.88	23.54	15.64	17.24	14.89	20.93

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
APD Air Products and Chemicals, Inc.	$66.1B	— (loss-making)	21.5×	+4.58% (above 0%: growing)	n/m	+180.09% (above 0%: growing)	32.77%	(66.34%)	Compare
PPG PPG Industries, Inc.	$24.0B	15.3×	15.5×	+7.15% (above 0%: growing)	−1.01% (below 0%: shrinking)	+67.67% (above 0%: growing)	40.22%	14.15%
IFF International Flavors & Fragrances Inc.	$23.0B	83.2×	29.3×	+1.82% (above 0%: growing)	−91.63% (below 0%: shrinking)	+94.52% (above 0%: growing)	43.65%	8.09%	Compare
LYB LyondellBasell Industries N.V.	$20.2B	— (loss-making)	6.4×	+19.84% (above 0%: growing)	+388.57% (above 0%: growing)	+356.38% (above 0%: growing)	22.21%	16.81%	Compare
DD DuPont de Nemours, Inc.	$17.8B	290×	26.5×	+4.00% (above 0%: growing)	+150.00% (above 0%: growing)	+1,250.00% (above 0%: growing)	35.13%	16.38%	Compare
RPM RPM International Inc.	$12.8B	18.4×	18.3×	+4.82% (above 0%: growing)	+13.75% (above 0%: growing)	+33.14% (above 0%: growing)	41.25%	15.99%	Compare
ALB Albemarle Corporation	$11.6B	199×	14.9×	+31.08% (above 0%: growing)	n/m	+708.43% (above 0%: growing)	33.86%	25.98%	Compare
SSL Sasol Ltd.	$10.1B	3.5×	5.2×	−5.20% (below 0%: shrinking)	+20.86% (above 0%: growing)	+6,912.65% (above 0%: growing)	31.35%	0.00%	Compare
SOLS Solstice Advanced Materials Inc.	$9.5B	27.4×	27.8×	+11.13% (above 0%: growing)	−14.99% (below 0%: shrinking)	+70.83% (above 0%: growing)	32.23%	17.16%	Compare
Median of peers	$15.3B	55.3×	19.9×	+4.70%	+17.31%	+268.24%	33.32%	16.19%

All 60 Specialty Chemicals stocks →

PPG Industries, Inc. (PPG) key facts

Strength: Net income was $1.6 billion, or $6.96 per share (basic), a net margin of 9.93%.
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.
As of October 16, 2026, PPG traded at $107.39, a market capitalization of $24.0 billion.
At that price the stock trades at 15.3× trailing-twelve-month earnings and 1.5× sales; its P/E is higher than 2% of its own readings over the past ten years.
PPG Industries, Inc. pays an annual dividend of $2.87 per share, a yield of 2.67%, with a payout ratio of 41.1%.
Return on equity was 20.9% and debt-to-equity 0.80.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 3.65 (safe zone) for fiscal 2025.