PPG Industries, Inc. PPG SPX

Basic Materials · Specialty Chemicals · United States

https://www.ppg.com

PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through three segments: Global Architectural Coatings, Performance Coatings, and Industrial Coatings. The Global Architectural Coatings segment supplies a variety of decorative coatings, adhesives, sealants, and finishes, as well as paint strippers, stains, and related chemicals. Its Performance Coatings segment offers aerospace coatings, automotive refinishing coatings, protective and marine coatings, and traffic solutions comprising paints, thermoplastics, raised pavement markers, and other technologies for pavement marking. The Industrial Coatings segment provides automotive OEM coatings, industrial coatings, and packaging coatings, as well as specialty products, such as optical monomers and coatings, low-friction coatings, and other specialty products. The company delivers its products to company-owned stores, home centers and other consumer retail outlets, paint dealers, concessionaires and independent distributors, company-owned distribution networks, and directly to manufacturing companies and retail customers. PPG Industries, Inc. was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.

Market & Price

Market Cap

$25.18B

Current Price

$112.98

High / Low (52W)

$129.96 / $93.07

Beta

1.05

Valuation

Stock P/E

16.19

Industry PE

24.80

Forward P/E

13.04

PEG Ratio

1.72

Book Value

$36.36

Price to Book

3.11

P/S

1.56

EV/EBITDA

11.60

Dividend Yield

2.51%

Profitability & Returns

ROCE

13.29%

ROE

20.75%

ROA

6.28%

Profit Margin

9.83%

Op Margin

13.74%

EPS (Latest Qtr)

$1.70

EPS (TTM)

$6.98

Balance Sheet & Liquidity

Debt/Equity

0.94

Quick Ratio

1.07

Current Ratio

1.61

Debt

$7.74B

Total Assets

$22.10B

Current Assets

$7.96B

Working Capital

$3.06B

Ownership

Promoter Holding

0.13%

Chg in Prom Hold

FII / Inst Holding

93.61%

Chg in FII Hold

0.00%

Financial Snapshot

Enterprise Value

$31.45B

Total Revenue (TTM)

$16.12B

EBITDA

$2.71B

Free Cash Flow

$728.37M

Operating Cash Flow

$1.99B

Shares Outstanding

222.90M

Gross Margin

41.69%

Payout Ratio

40.26%

Growth (CAGR)

Revenue 5Y

0.55%

Profit 5Y

15.38%

Revenue (YoY)

6.70%

Earnings (YoY)

4.20%

PROS

Strong return on equity of 20.7%.
Profit CAGR of 15.4% over 5 years.
Attractive dividend yield of 2.51%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	PPG PPG Industries, Inc. SPX	112.98	16.19	$25.18B	2.51%	13.29%	20.75%	0.55%	15.38%
2	LIN Linde plc NDXSPX	497.69	33.00	$230.11B	1.29%	13.07%	18.23%	0.62%	18.48%
3	NEM Newmont Corporation SPX	109.81	14.24	$117.23B	0.95%	22.51%	25.83%	23.91%	583.84%
4	FCX Freeport-McMoRan Inc. SPX	65.71	34.77	$94.46B	0.91%	12.93%	15.63%	4.39%	-14.02%
5	SHW The Sherwin-Williams Company SPX	303.84	29.16	$74.94B	1.05%	20.04%	60.72%	2.10%	8.34%
6	CRH CRH plc SPX	108.79	20.18	$72.69B	1.43%	11.33%	15.81%	4.60%	-1.15%
7	ECL Ecolab Inc. SPX	256.00	34.59	$72.05B	1.14%	14.89%	22.43%	4.26%	23.88%
8	APD Air Products and Chemicals, Inc. SPX	278.62	29.33	$62.04B	2.60%	-0.62%	12.35%	-1.77%	-39.16%
9	NUE Nucor Corporation SPX	250.00	24.80	$56.94B	0.90%	8.80%	12.29%	-7.84%	-38.80%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	3.49B	3.80B	3.78B	3.68B	3.78B	4.13B	3.82B	3.65B	3.62B	4.02B	3.83B	3.67B	3.38B	3.02B	3.69B	3.76B	3.88B	4.36B	4.37B	4.31B	4.69B	4.47B	4.38B	4.87B	4.64B	3.85B	4.24B	-	-	3.68B	4.20B	4.08B	3.91B	3.93B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.14B	2.43B	2.43B	2.32B	2.27B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.54B	1.76B	1.66B	1.60B	1.66B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.06B	1.11B	1.07B	1.15B	1.13B
Operating Income	626.00M	-	558.00M	720.00M	617.00M	-	561.00M	669.00M	590.00M	-	519.00M	651.00M	500.00M	-	515.00M	660.00M	586.00M	-	453.00M	396.00M	679.00M	-	631.00M	644.00M	548.00M	459.00M	602.00M	554.00M	635.00M	787.00M	698.00M	666.00M	796.00M	-	-	481.00M	650.00M	588.00M	450.00M	525.00M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	679.00M	795.00M	759.00M	581.00M	710.00M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56.00M	62.00M	65.00M	58.00M	61.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	502.00M	598.00M	556.00M	389.00M	517.00M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	122.00M	140.00M	118.00M	78.00M	132.00M
Net Income	433.00M	314.00M	347.00M	370.00M	-184.00M	344.00M	337.00M	496.00M	610.00M	151.00M	334.00M	371.00M	378.00M	258.00M	312.00M	272.00M	367.00M	292.00M	243.00M	102.00M	442.00M	272.00M	378.00M	431.00M	344.00M	18.00M	441.00M	329.00M	264.00M	490.00M	426.00M	400.00M	528.00M	-	-	373.00M	450.00M	453.00M	300.00M	382.00M
Diluted EPS	1.59	1.16	1.29	1.37	-0.69	1.30	1.30	1.92	2.36	0.59	1.33	1.51	1.55	1.08	1.31	1.14	1.54	1.22	1.02	0.43	1.86	1.14	1.58	1.80	1.43	0.08	1.85	1.39	1.11	2.06	1.79	1.69	2.24	-	-	1.63	1.98	2.00	1.33	1.70

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	14.27B	14.75B	15.37B	15.15B	13.83B	-	15.61B	16.24B	15.85B	15.88B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9.97B	9.68B	9.25B	9.32B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.64B	6.56B	6.59B	6.56B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.97B	4.53B	4.31B	4.39B
Operating Income	-	-	1.19B	1.72B	1.66B	1.63B	1.92B	2.19B	2.29B	2.38B	2.29B	2.12B	2.27B	2.11B	-	1.67B	2.04B	2.29B	2.17B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.02B	2.45B	2.58B	2.81B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167.00M	247.00M	241.00M	241.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.35B	1.69B	1.85B	2.04B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	320.00M	428.00M	475.00M	458.00M
Net Income	834.00M	538.00M	336.00M	769.00M	1.09B	941.00M	3.23B	2.10B	1.41B	873.00M	1.59B	1.34B	1.24B	1.06B	-	1.03B	1.27B	1.12B	1.58B
Diluted EPS	5.03	3.25	2.03	4.63	6.87	6.06	11.13	7.52	5.14	3.27	6.18	5.47	5.22	4.45	-	4.32	5.35	4.75	6.94
R&D Expense	-	468.00M	403.00M	408.00M	443.00M	444.00M	479.00M	499.00M	484.00M	473.00M	472.00M	464.00M	456.00M	401.00M	463.00M	457.00M	446.00M	447.00M	446.00M

Compounded Sales Growth

5 Years:	0.55%
1 Year:	6.70%

Compounded Profit Growth

5 Years:	15.38%
1 Year:	4.20%

Stock Price Performance

1 Year:	+4.68%
6 Months:	+14.83%
3 Months:	-7.75%
1 Month:	+8.62%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2006	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	14.70B	14.24B	14.97B	14.38B	15.88B	15.80B	17.54B	17.08B	15.77B	16.54B	16.02B	17.71B	19.56B	-	20.74B	21.65B	19.43B	22.10B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.17B	7.43B	6.56B	7.96B
Cash & Equivalents	443.00M	526.00M	1.02B	1.06B	1.34B	1.31B	1.31B	1.12B	686.00M	1.31B	1.82B	1.44B	902.00M	1.22B	1.83B	-	1.10B	1.49B	1.27B	2.16B
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.27B	1.93B	1.85B	2.00B
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.82B	2.62B	2.48B	2.78B
Total Liabilities	-	-	11.21B	10.32B	11.14B	10.94B	11.56B	10.66B	12.27B	12.01B	10.86B	10.87B	11.28B	12.30B	13.74B	-	14.04B	13.62B	12.47B	14.00B
Current Liabilities	-	-	4.21B	3.58B	3.62B	3.70B	4.46B	4.13B	4.88B	4.70B	4.25B	3.90B	4.37B	4.38B	4.83B	-	4.72B	5.05B	5.01B	4.90B
Long Term Debt	-	-	3.01B	3.07B	4.04B	3.57B	3.37B	3.37B	3.53B	4.03B	3.79B	4.13B	4.37B	4.54B	5.17B	-	6.50B	5.75B	4.88B	6.60B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.63B	6.60B	6.39B	7.90B
Total Equity	-	-	3.33B	3.75B	3.64B	3.25B	4.06B	4.93B	5.18B	4.98B	4.83B	5.56B	4.63B	5.28B	5.69B	-	6.59B	7.83B	6.79B	7.94B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	581.15M	581.15M	581.15M	581.15M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	1.06B	1.44B	1.34B	1.31B	1.44B	1.79B	1.79B	1.53B	1.90B	1.35B	1.57B	1.47B	2.08B	2.13B	-	963.00M	2.41B	1.42B	1.94B
Investing Cash Flow	-2.21B	125.00M	-203.00M	-949.00M	353.00M	-1.61B	3.00M	-857.00M	-395.00M	436.00M	-67.00M	-764.00M	-1.01B	-1.45B	-	-461.00M	-556.00M	107.00M	-700.00M
Financing Cash Flow	1.22B	-1.06B	-1.12B	-104.00M	-1.63B	-351.00M	-1.98B	-969.00M	-812.00M	-1.21B	-1.95B	-1.21B	-758.00M	-59.00M	-	-409.00M	-1.55B	-1.43B	-545.00M
Capital Expenditure	-364.00M	-383.00M	-239.00M	-307.00M	-326.00M	-330.00M	-494.00M	-564.00M	-430.00M	-380.00M	-360.00M	-411.00M	-413.00M	-304.00M	-	-486.00M	-516.00M	-721.00M	-778.00M
Free Cash Flow	699.00M	1.05B	1.11B	1.00B	1.11B	1.46B	1.30B	964.00M	1.47B	971.00M	1.21B	1.06B	1.67B	1.83B	-	477.00M	1.90B	699.00M	1.16B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93.00M	305.00M	102.00M	696.00M
Share Buybacks	274.00M	7.00M	59.00M	586.00M	858.00M	92.00M	1.00B	750.00M	751.00M	1.05B	813.00M	1.72B	325.00M	0	210.00M	190.00M	86.00M	752.00M	790.00M
Dividends Paid	335.00M	343.00M	353.00M	360.00M	355.00M	358.00M	345.00M	361.00M	383.00M	414.00M	434.00M	453.00M	468.00M	496.00M	536.00M	570.00M	598.00M	622.00M	628.00M

Ratios (Annual)

Figures in %.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36.1%	40.4%	41.6%	41.3%
Operating Margin %	-	-	-	-	-	-	-	-	-	16.7%	15.5%	13.8%	15.0%	15.2%	-	10.7%	12.5%	14.4%	13.7%
Net Margin %	-	-	-	-	-	-	-	-	-	6.1%	10.8%	8.7%	8.2%	7.7%	-	6.6%	7.8%	7.0%	9.9%
ROE %	-	16.1%	9.0%	21.1%	33.7%	23.2%	65.5%	40.6%	28.2%	18.1%	28.7%	29.0%	23.5%	18.6%	-	15.6%	16.2%	16.4%	19.8%
ROCE %	-	-	11.1%	15.2%	15.5%	14.3%	16.5%	17.3%	18.5%	20.7%	18.1%	18.2%	17.0%	14.3%	-	10.4%	12.3%	15.9%	12.6%

Shareholding Pattern

Insiders

0.13%

Institutions

93.61%

Public Float

93.72%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	10.78%	24.02M	$2.71B
2	Vanguard Capital Management LLC	6.52%	14.54M	$1.64B
3	Vanguard Portfolio Management LLC	5.75%	12.83M	$1.45B
4	State Street Corporation	5.72%	12.75M	$1.44B
5	Wellington Management Group, LLP	4.65%	10.37M	$1.17B
6	Franklin Resources, Inc.	3.40%	7.58M	$856.64M
7	Pzena Investment Management LLC	3.36%	7.48M	$844.94M
8	First Eagle Investment Management, LLC	2.89%	6.44M	$727.03M
9	Hotchkis & Wiley Capital Management, LLC	2.76%	6.16M	$695.95M
10	Geode Capital Management, LLC	2.71%	6.04M	$682.79M

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PPG · Basic Materials