PPG

PPG Industries
D

PPG

Arincen63/100B

If you had invested in PPG Industries ago, it would be worth $1,546 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

63/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

PPG Industries key facts

Style
Value stock · 7.9/10Growth 3.1 · Value 7.9 · Dividend 6.6
Day range
122.100 – 123.700
52-week range
93.390 – 133.430
Market capitalization
27.25B USD
P/E
17.52
PEG ratio
1.62
EPS
7.04
Div Yield
2.40%
EPS growth forecast (FY2026)
+5.5%
Volume
2,520
Beta
0.99
ESG score
64.9/100Environment 61 · Social 66 · Governance 67
Sector
Basic Materials
Industry
Chemicals - Specialty
CEO
Timothy Knavish
Employees
44K
Website
ppg.com
IPO date
17 Mar 1980

PPG Industries earnings

Next earnings · Q4 FY2026
EPS estimate
1.69 USD
Revenue estimate
4.04B USD
Last quarter · Q3 FY2026
EPS2.25Beat +6.1%Revenue4.35BBeat +1.6%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20282.12——+9.34%4.27B——+4.53%
Q4 FY20271.90——+12.70%4.12B——+1.95%
Q1 FY20271.94——+5.77%4.09B——+3.95%
Q4 FY20261.69——+11.92%4.04B——+3.23%
Q3 FY20262.122.25+6.13%+5.63%4.28B4.35B+1.60%+6.64%
Q2 FY20262.252.23-0.89%+0.45%4.37B4.50B+2.97%+7.15%
Q1 FY20261.781.83+2.81%+6.40%3.85B3.93B+2.05%+6.68%
Q4 FY20251.581.51-4.43%-6.21%3.78B3.91B+3.54%+80.79%
Q3 FY20252.102.13+1.43%0.00%4.05B4.08B+0.86%-10.78%
Q2 FY20252.232.22-0.45%-11.20%4.16B4.20B+0.75%-12.49%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

PPG Industries analyst forecast

12-month price target
130.63 USD
+5.88%

Analysts' 1-year price targets range from 116.00 to 138.00, with an average of 130.63.

Past year
1-year forecast
Strong sellStrong buy
Buy
13 ratings
Buy
8
Hold
5
Sell
0

12-month price target

Highest target138.00
Average target130.63
Lowest target116.00
Current price123.37

PPG Industries valuation

Price to earnings ratio (TTM)
17.52
Forward P/E (FY2026)
15.42
Price to sales (TTM)
1.63
Price to book
3.21
EV / EBITDA (TTM)
11.58

Capital structure

Market capitalization
27.25B USD
+
Total debt
7.46B USD
−
Cash and short-term investments
1.64B USD
=
Enterprise value
33.07B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)13.09————
FY2027 (est.)14.2913.09———
FY2026 (est.)15.4214.29———
Now (TTM)17.5214.431.633.2111.58
FY202514.7212.811.462.9210.28
FY202425.0415.631.764.1212.79
FY202327.8018.352.174.5116.48
FY202228.9116.461.904.5017.90
FY202128.4628.912.446.5219.00

PPG Industries against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: International Flavors & Fragrances, RPM International, Albemarle, Air Products and Chemicals, The Sherwin-Williams, and Solstice Advanced Materials, the US Chemicals - Specialty companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median17.5
    13.932.6
  • Gross marginBelow its median38.0%
    36.1%41.6%
    Against its peers: 3 of 7Peers' median 34.2%
  • Operating marginAbove its median13.7%
    10.0%14.4%
    Against its peers: 3 of 7Peers' median 9.7%
  • Net marginHighest in 5 years9.9%
    6.6%9.9%
    Against its peers: 2 of 7Peers' median 5.1%
  • Return on equityAbove its median19.8%
    15.6%22.9%
    Against its peers: 3 of 6Peers' median 16.8%
  • Free cash flow marginAbove its median7.3%
    3.1%11.7%
    Against its peers: 4 of 7Peers' median 6.1%
  • Revenue growthAt its median0.2%
    -7.1%21.5%
    Against its peers: 5 of 7Peers' median 2.6%
  • EPS growthHighest in 5 years45.7%
    -28.1%45.7%
    Against its peers: 1 of 5Peers' median -23.7%
  • Debt to EBITDAAt its median2.81×
    2.47×3.77×
    Against its peers: 3 of 6Peers' median 2.89×
  • Current ratioHighest in 5 years1.62
    1.311.62
    Against its peers: 3 of 6Peers' median 1.42

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

PPG Industries growth and profitability

Revenue (TTM)
16.69B USD
Net income (TTM)
1.57B USD
Gross margin
40.09%
Operating margin
14.17%
Net margin
9.41%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202515.88B+0.19%1.58B+41.22%37.99%13.66%9.93%2.81B+8.86%
FY202415.85B-2.44%1.12B-12.13%41.61%14.43%7.04%2.59B+5.47%
FY202316.24B+4.02%1.27B+23.78%40.41%12.53%7.82%2.45B+21.10%
FY202215.61B-7.07%1.03B-28.70%36.12%10.67%6.57%2.02B-18.94%
FY202116.80B+21.45%1.44B+35.88%38.78%10.03%8.56%2.50B+24.29%

PPG Industries revenue breakdown

By product

FY2025
Industrial Coatings: 41.1%Performance Coatings: 34.7%Global Architectural Coatings: 24.2%41.1%Industrial Coatings34.7%Performance Coatings24.2%Global Architectural Coatings
SegmentRevenueShare of revenueChange on the year
Industrial Coatings6.52B41.1%-7.9%
Performance Coatings5.51B34.7%-50.6%
Global Architectural Coatings3.84B24.2%—

By region

FY2025
North America: 33.8%EMEA: 33.8%Asia Pacific: 18.5%Latin America: 13.8%33.8%North America33.8%EMEA18.5%Asia Pacific13.8%Latin America
RegionRevenueShare of revenueChange on the year
North America5.37B33.8%+0.4%
EMEA5.37B33.8%-0.3%
Asia Pacific2.94B18.5%+0.9%
Latin America2.20B13.8%+0.1%

How PPG Industries makes its money

Industrial Coatings6.52B 41.1%
Performance Coatings5.51B 34.7%
Global Architectural Coatings3.84B 24.2%
Revenue15.88B 100.0%
Cost of revenue9.84B 62.0%
Gross profit6.03B 38.0%
Research and development423.00M 2.7%
Selling and administration3.44B 21.7%
Operating income2.17B 13.7%
Tax458.00M 2.9%
Other expense135.00M 0.9%
Net income1.58B 9.9%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

PPG Industries dividends

Annual dividend
2.96 USD
Dividend yield (indicated)
2.40%
Payout ratio
41.19%
Years of dividend growth
43
Frequency
Quarterly
Next payment
0.74 USD
Last ex-dividend date
10 Nov 2026
Next payment date
11 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.782.662.542.422.262.101.981.861.701.56

PPG Industries financial health

Cash and short-term investments
1.64B USD
Total debt
7.46B USD
Net cash
-5.82B USD
Free cash flow (TTM)
1.28B USD
Current ratio
1.58
Debt to equity
0.88
Piotroski score
7 / 9
Altman Z-score
3.87

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20252.22B7.90B1.16B
FY20241.36B6.40B699.00M
FY20231.57B6.60B1.90B
FY20221.15B7.64B477.00M
FY20211.07B7.47B1.19B

PPG Industries ownership

Institutions
91.63%
Institutional holders
1,132 (+47)
Free float
99.89%

Who owns the shares

Institutions 91.6% Others 8.4%
As of 30 Jun 2026

Shares free to trade

Free float 220.66M shares ·99.9% Closely held 244.98K shares ·0.1%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026013.41K5.00K
Q3 20262053.64K0.00
Q2 20262038.79K18.29K
Q1 202607379.46K227.77K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025226.30M227.10M-3.32%
FY2024233.80M234.90M-0.97%
FY2023236.00M237.20M-0.04%
FY2022236.10M237.30M-0.88%
FY2021237.60M239.40M+0.63%

Source: Financial Modeling Prep

Related Instruments

Title: PPG Industries

Sector: Basic Materials
Industry: Chemicals - Specialty
PPG is the world's second-largest producer of paints and coatings. PPG's products are sold to a wide variety of end users, including industrial segments such as automotive, aerospace, and protective and marine, as well as paint contractorsand do-it-yourself customers. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years.

Common questions about PPG Industries stock