Overview
PPG INDUSTRIES INC
Latest 10-K: FY2025, filed Feb 19, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $15.88B
- 0.2%YoYup from FY2024
- TotalRevenue
- Gross profit
- $6.56B
- 0.5%YoYdown from FY2024
- GrossProfit
- Net income
- $1.58B
- 41.2%YoYup from FY2024
- NetIncome
- Diluted EPS
- $6.94
- 46.1%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 227.1M
- 3.3%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- PPG INDUSTRIES INC reported revenue of $15.88B for fiscal 2025, up 0.2% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 1 of the last 5 fiscal years.
Profitability
- Net margin was 9.9%, against a median of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $6.94, up 46.1% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Nov 1, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $15.88B0.2%up Benchmark median 6.4% | $15.85B2.4%down Benchmark median 4.5% | $16.24B4.0%up Benchmark median 4.8% | $15.61B7.1%down Benchmark median 10.3% | $16.80B21.5%up Benchmark median 13.8% | -1.4% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $6.56B0.5%down Benchmark median 6.8% | $6.59B0.4%up Benchmark median 5.5% | $6.56B16.4%up Benchmark median 5.2% | $5.64B13.5%down Benchmark median 8.3% | $6.52B7.6%up Benchmark median 15.7% | 0.2% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | — | — | $2.67B31.0%up Benchmark median 4.9% | $2.04B5.9%down Benchmark median 7.5% | $2.17B2.9%up Benchmark median 23.5% | — Benchmark median 7.2% |
| Net Income | $1.58B41.2%up Benchmark median 4.8% | $1.12B12.1%down Benchmark median 5.7% | $1.27B23.8%up Benchmark median 1.9% | $1.03B28.7%down Benchmark median 1.3% | $1.44B35.9%up Benchmark median 33.9% | 2.3% Benchmark median 4.1% |
| EPS (Diluted) | $6.9446.1%up Benchmark median 6.2% | $4.7511.2%down Benchmark median 7.9% | $5.3523.8%up Benchmark median 1.9% | $4.3228.1%down Benchmark median 1.5% | $6.0135.1%up Benchmark median 34.8% | 3.7% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $22.10B13.7%up Benchmark median 5.6% | $19.43B10.2%down Benchmark median 3.4% | $21.65B4.4%up Benchmark median 4.1% | $20.74B2.8%down Benchmark median 2.2% | $21.35B9.2%up Benchmark median 6.7% | 0.9% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $14.00B12.3%up Benchmark median 6.4% | $12.47B8.5%down Benchmark median 1.9% | $13.62B2.9%down Benchmark median 2.9% | $14.04B6.1%down Benchmark median 2.0% | $14.94B8.7%up Benchmark median 5.2% | -1.6% Benchmark median 4.4% |
| Stockholders' Equity | $8.10B16.3%up Benchmark median 6.8% | $6.96B13.2%down Benchmark median 5.4% | $8.02B19.6%up Benchmark median 7.3% | $6.71B4.6%up Benchmark median 2.5% | $6.41B10.2%up Benchmark median 9.0% | 6.0% Benchmark median 6.1% |
| Cash & Equivalents | $2.16B70.3%up Benchmark median 5.2% | $1.27B14.9%down Benchmark median 1.9% | $1.49B35.9%up Benchmark median 6.7% | $1.10B9.4%up Benchmark median -8.6% | $1.00B45.0%down Benchmark median -2.9% | 21.1% Benchmark median 2.0% |
| Total Debt | $7.31B25.7%up Benchmark median 2.1% | $5.82B3.9%down Benchmark median 0.2% | $6.05B11.2%down Benchmark median 0.3% | $6.82B3.6%up Benchmark median 0.1% | $6.58B14.5%up Benchmark median -0.1% | 2.7% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.94B36.7%up Benchmark median 6.3% | $1.42B41.1%down Benchmark median 4.8% | $2.41B150.4%up Benchmark median 9.9% | $0.96B38.3%down Benchmark median -0.7% | $1.56B26.7%down Benchmark median 10.7% | 5.6% Benchmark median 7.0% |
| Capital Expenditures | $778.00M7.9%up Benchmark median 5.4% | $721.00M39.7%up Benchmark median 2.8% | $516.00M6.2%up Benchmark median 11.3% | $486.00M31.0%up Benchmark median 14.0% | $371.00M22.0%up Benchmark median 8.1% | 20.3% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $1.16B66.4%up Benchmark median 7.3% | $0.70B63.1%down Benchmark median 6.1% | $1.90B297.3%up Benchmark median 8.8% | $0.48B59.9%down Benchmark median -11.3% | $1.19B34.8%down Benchmark median 10.2% | -0.6% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
6.8%
Wall Street
on net earnings
FY2024 4.0%
5.0%
Value investor
on free cash flow
FY2024 2.5%
Gap −1.8 pts: Value-investor figure 1.8 points lower
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 14.8×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
34.8%
Wall Street
on book equity
FY2024 24.8%
n/m
Value investor
on tangible book
FY2024 n/m
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 2.9×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
20.9%
Wall Street
ROE: net income ÷ equity
FY2024 14.9%
— Not reported
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 — Not reported
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
— Not reported
Wall Street
EBITDA margin
FY2024 — Not reported
7.3%
Value investor
Free-cash-flow margin
FY2024 4.4%
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.62×
Wall Street
Current ratio
FY2024 1.31×
1.22×
Value investor
Quick ratio, inventory excluded
FY2024 0.94×
Gap −0.40×: Value-investor figure 0.40 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
— Not reported
Wall Street
EBITDA ÷ total debt
FY2024 — Not reported
0.16×
Value investor
FCF ÷ total debt
FY2024 0.12×
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on PPG yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on PPG and publish the result to your public profile.
Cite this page
Data as of Nov 1, 2026. Canonical address: https://valuein.biz/data/PPG
Valuein. (2026, November 1). PPG INDUSTRIES INC (PPG) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/PPG
@misc{valuein_ppg_2026,
author = {{Valuein}},
title = {PPG INDUSTRIES INC (PPG) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/PPG}},
note = {Data as of 2026-11-01; source: SEC EDGAR filings}
}10-K filed Feb 19, 2026 · accession 0000079879-26-000046
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