PPG Industries, Inc. logo

PPG Industries, Inc.

PPG

NYSEBasic MaterialsChemicals - Specialty

Previous close

$113.63

+$1.19 · +1.06%

Aug 21, 4:00 PM ET

PPG company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

96

Deep Value

Momentum

49

Neutral

Sentiment

73

Bullish

Risk resilience

69

Moderate Risk

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Company profile

Company website

PPG Industries, Inc. operates globally as a manufacturer and distributor of paints, protective coatings, and various specialty materials. Its Performance Coatings division offers an extensive range of products, including paints, solvents, adhesives, sealants, and software, designed for the repair and refurbishment of automotive and commercial vehicles, light industrial applications, and signage. This segment also supplies advanced coatings, sealants, transparent components (such as transparent armor), engineered materials, and chemical management services to the commercial, military, and general aviation aerospace sectors. Furthermore, it develops protective coatings and finishes for metals and large-scale structures, serving metal fabricators, heavy-duty maintenance contractors, and manufacturers of ships, bridges, and rail cars. Architectural offerings include paints, wood stains, adhesives, and sundry items for both professional contractors and individual consumers for the decoration and upkeep of residential and commercial buildings. Additionally, it provides paints, thermoplastics, and other advanced solutions for pavement marking. The Industrial Coatings segment delivers specialized coatings, adhesives, sealants, and metal pretreatment solutions. These are applied across a diverse array of manufactured goods, including appliances, agricultural and construction machinery, consumer electronics, automotive components, building materials, kitchenware, and transportation vehicles, often supported by on-site application services. This segment also produces coatings specifically for packaging, such as metal cans, closures, plastic tubes, and promotional or specialty containers. Beyond coatings, PPG innovates with unique materials like amorphous precipitated silica for tires and battery separators; TESLIN substrates utilized in labels, e-passports, driver's licenses, and identification cards; as well as organic light-emitting diode (OLED) materials, display and lighting lens components, optical lenses, color-changing technologies, and photochromic dyes. Founded in 1883, PPG Industries, Inc. is headquartered in Pittsburgh, Pennsylvania.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
US
CEO
Timothy Knavish
Listed since
Mar 17, 1980
Employees
43,500

Market position

Day range

Current $113.63

52-week range

Current $113.63

Open
$113.38
Previous close
$112.44
Volume
759.8K
0.4× average
Average volume
1.92M
Average daily volume
Market cap
25.26B USD
Beta
1.06
Market reference 1
50-day average
$117.18
-3.03% below average
200-day average
$110.56
+2.78% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
28.92B USD
P/E (TTM)
16.19×
P/B (TTM)
P/S (TTM)
1.54×
EV / EBITDA
10.28×
Earnings yield
6.80%
Free cash flow yield
5.02%
Dividend yield
2.53%

Profitability & efficiency

Gross margin
40.09%
Operating margin
12.48%
Net margin
9.57%
Return on equity
19.85%
Return on assets
7.13%
Return on invested capital
9.33%

Financial health

Debt / equity
0.88×
Current ratio
1.62×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends45%31%17%3%Gross margin, FY2021: 38.78%Gross margin, FY2022: 36.12%Gross margin, FY2023: 40.41%Gross margin, FY2024: 41.61%Gross margin, FY2025: 37.99%Operating margin, FY2021: 10.03%Operating margin, FY2022: 10.67%Operating margin, FY2023: 12.53%Operating margin, FY2024: 14.43%Operating margin, FY2025: 13.66%Net margin, FY2021: 8.56%Net margin, FY2022: 6.57%Net margin, FY2023: 7.82%Net margin, FY2024: 7.04%Net margin, FY2025: 9.93%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 38.78%. Gross margin FY2022 36.12%. Gross margin FY2023 40.41%. Gross margin FY2024 41.61%. Gross margin FY2025 37.99%. Operating margin FY2021 10.03%. Operating margin FY2022 10.67%. Operating margin FY2023 12.53%. Operating margin FY2024 14.43%. Operating margin FY2025 13.66%. Net margin FY2021 8.56%. Net margin FY2022 6.57%. Net margin FY2023 7.82%. Net margin FY2024 7.04%. Net margin FY2025 9.93%.

Income trends

Revenue

15.88B USD+0.19%

Operating income

2.17B USD-5.16%

Net income

1.58B USD+41.22%
Income trends across reported periods18.38B USD12.07B USD5.76B USD−551.6M USDRevenue, FY2021: 16.8B USDRevenue, FY2022: 15.61B USDRevenue, FY2023: 16.24B USDRevenue, FY2024: 15.85B USDRevenue, FY2025: 15.88B USDOperating income, FY2021: 1.69B USDOperating income, FY2022: 1.67B USDOperating income, FY2023: 2.04B USDOperating income, FY2024: 2.29B USDOperating income, FY2025: 2.17B USDNet income, FY2021: 1.44B USDNet income, FY2022: 1.03B USDNet income, FY2023: 1.27B USDNet income, FY2024: 1.12B USDNet income, FY2025: 1.58B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 16.8B USD. Revenue FY2022 15.61B USD. Revenue FY2023 16.24B USD. Revenue FY2024 15.85B USD. Revenue FY2025 15.88B USD. Operating income FY2021 1.69B USD. Operating income FY2022 1.67B USD. Operating income FY2023 2.04B USD. Operating income FY2024 2.29B USD. Operating income FY2025 2.17B USD. Net income FY2021 1.44B USD. Net income FY2022 1.03B USD. Net income FY2023 1.27B USD. Net income FY2024 1.12B USD. Net income FY2025 1.58B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue15.88B USD15.85B USD16.24B USD15.61B USD16.8B USD
Cost of goods sold9.84B USD9.25B USD9.68B USD9.98B USD10.29B USD
Gross profit6.03B USD6.59B USD6.56B USD5.64B USD6.52B USD
Research and development423M USD423M USD424M USD434M USD439M USD
Selling, general, and administrative3.44B USD3.39B USD3.59B USD3.04B USD3.83B USD
Operating expenses3.86B USD4.31B USD4.53B USD3.97B USD4.83B USD
Interest income153M USD177M USD140M USD54M USD26M USD
Interest expense241M USD241M USD247M USD167M USD121M USD
Depreciation and amortization528M USD492M USD514M USD502M USD561M USD
Operating income2.17B USD2.29B USD2.04B USD1.67B USD1.69B USD
Net income1.58B USD1.12B USD1.27B USD1.03B USD1.44B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 5 misses, 1 met estimate
Average EPS surprise
+0.43%
11 comparable reports
Latest EPS result
2.23
Estimate 2.25 · Miss by 0.89%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.342.031.731.42Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 1.61, estimate 1.64, surprise -1.83%, Miss. Q2 2025, reported Apr 29, 2025: actual 1.72, estimate 1.62, surprise +6.17%, Beat. Q3 2025, reported Jul 29, 2025: actual 2.22, estimate 2.23, surprise -0.45%, Miss. Q4 2025, reported Oct 28, 2025: actual 2.13, estimate 2.1, surprise +1.43%, Beat. Q1 2026, reported Jan 27, 2026: actual 1.51, estimate 1.58, surprise -4.43%, Miss. Q2 2026, reported Apr 28, 2026: actual 1.83, estimate 1.78, surprise +2.81%, Beat. Q3 2026, reported Jul 28, 2026: actual 2.23, estimate 2.25, surprise -0.89%, Miss. Q4 2026, reported Oct 27, 2026: actual —, estimate 2.18, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.68B3.78B2.88B1.98BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 2.17B USD, estimate 4.05B USD, surprise -46.55%, Miss. Q2 2025, reported Apr 29, 2025: actual 3.68B USD, estimate 3.66B USD, surprise +0.65%, Beat. Q3 2025, reported Jul 29, 2025: actual 4.2B USD, estimate 4.16B USD, surprise +0.75%, Beat. Q4 2025, reported Oct 28, 2025: actual 4.08B USD, estimate 4.05B USD, surprise +0.86%, Beat. Q1 2026, reported Jan 27, 2026: actual 3.91B USD, estimate 3.78B USD, surprise +3.54%, Beat. Q2 2026, reported Apr 28, 2026: actual 3.93B USD, estimate 3.85B USD, surprise +2.05%, Beat. Q3 2026, reported Jul 28, 2026: actual 4.5B USD, estimate 4.37B USD, surprise +2.97%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 4.27B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

38 ratings
Strong buy00%
Buy2155%
Hold1539%
Sell25%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.78

2025 complete year+23.0% since 2021

2026 partial: $2.16

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 10, 2026

$0.74

Quarterly

Record Aug 10, 2026 · Payment Sep 11, 2026

Dividend

Ex-dividend May 11, 2026

$0.71

Quarterly

Record May 11, 2026 · Payment Jun 12, 2026

Dividend

Ex-dividend Feb 20, 2026

$0.71

Quarterly

Record Feb 20, 2026 · Payment Mar 12, 2026

Dividend

Ex-dividend Nov 10, 2025

$0.71

Quarterly

Record Nov 10, 2025 · Payment Dec 12, 2025

Dividend

Ex-dividend Aug 11, 2025

$0.71

Quarterly

Record Aug 11, 2025 · Payment Sep 12, 2025

Dividend

Ex-dividend May 12, 2025

$0.68

Quarterly

Record May 12, 2025 · Payment Jun 12, 2025

PPG peers

ETFs holding PPG

Funds reporting this stock among their holdings, ordered by reported position size.

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