What is Ppg Inds Inc's earnings per share (EPS)?

Ppg Inds Inc (PPG) reported diluted earnings per share of $6.94 for fiscal year 2025. This represents a 46.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ppg Inds Inc (PPG) Financials

PPG

Trailing 12 months to March 31, 2026

Revenue $16.1B +2.8% YoY

Net Income $1.6B +45.5% YoY

EPS (Diluted) $7.02 +49.7% YoY

Free Cash Flow $1.2B +56.5% YoY

Market Cap $23.8B as of Sep 10, 2026

Price / Sales 1.5x on $16.1B revenue, trailing 12 months to March 31, 2026

Price / Earnings 15.0x on $1.6B net income, trailing 12 months to March 31, 2026

Price / Book 2.9x on $8.1B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Apr 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PPG SEC filings page.

Ppg Inds Inc (PPG) reported $16.1B in revenue over the twelve months to Mar 31, 2026, up 2.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PPG FY2025 2026-08-29

PPG’s dominant mechanic is margin expansion on flat volume, with reinvestment and distributions shaping cash conversion.

From FY2022 to FY2025, gross margin climbed from 36.1% to 41.3% while revenue stayed broadly flat, indicating margin-structure improvement rather than growth-driven fixed-cost absorption. In FY2025, operating cash flow exceeded net income, yet free cash flow was lower; that spread shows reinvestment absorbs part of operating cash even when reported earnings convert into cash.

Net margin recovered from 6.6% in FY2022 to 9.9% in FY2025 while gross margin remained above 40.0%, so the bottom-line improvement was not dependent on top-line expansion. The pattern points to better earnings retained per sales dollar, although operating-income data is unavailable for the latest two years.

Debt-to-equity moved from 0.7x in FY2023 to 0.8x in FY2025, partially reversing the recent deleveraging trend. Meanwhile, current ratio rose from 1.3x to 1.6x, indicating stronger near-term asset coverage despite a more debt-heavy capital structure; FY2025 free cash flow was $1.2B against $1.9B of operating cash flow, while dividends and buybacks totaled $1.4B.

Financial Health Signals

Financial Health Score 58/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Ppg Inds Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Ppg Inds Inc's revenue grew a modest 0.2% year-over-year to $15.9B. This slow but positive growth earns a score of 27/100.

Leverage

Ppg Inds Inc has a moderate D/E ratio of 0.83. This balance of debt and equity financing earns a leverage score of 51/100.

Liquidity

Ppg Inds Inc's current ratio of 1.62 indicates adequate short-term liquidity, earning a score of 47/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Ppg Inds Inc has a free cash flow margin of 7.3%, earning a moderate score of 56/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Ppg Inds Inc earns a strong 19.9% return on equity (ROE), meaning it generates $20 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 86/100. This is up from 16.4% the prior year.

Piotroski F-Score Neutral

6/9

Ppg Inds Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.23x

For every $1 of reported earnings, Ppg Inds Inc generates $1.23 in operating cash flow ($1.9B OCF vs $1.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.9B

YoY+6.7%

QoQ+0.4%

5Y CAGR+0.3%

10Y CAGR+1.4%

Ppg Inds Inc generated $3.9B in revenue in Q1 2026. This represents an increase of 6.7% from the same quarter a year earlier. Against the prior quarter it is up 0.4%.

EBITDA

$768.0M

YoY+5.5%

Ppg Inds Inc's EBITDA was $768.0M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.5% from the same quarter a year earlier.

Net Income

$382.0M

YoY+2.4%

QoQ+27.3%

5Y CAGR+0.2%

10Y CAGR+1.0%

Ppg Inds Inc reported $382.0M in net income in Q1 2026. This represents an increase of 2.4% from the same quarter a year earlier. Against the prior quarter it is up 27.3%.

EPS (Diluted)

$1.70

YoY+4.3%

QoQ+26.9%

5Y CAGR+1.5%

10Y CAGR+2.8%

Ppg Inds Inc earned $1.70 per diluted share (EPS) in Q1 2026. This represents an increase of 4.3% from the same quarter a year earlier. Against the prior quarter it is up 26.9%.

Cash & Balance Sheet

Free Cash Flow

-$163.0M

YoY+28.2%

QoQ-127.8%

Ppg Inds Inc recorded an outflow of $163.0M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents an increase of 28.2% from the same quarter a year earlier. Against the prior quarter it is down 127.8%.

Cash & Debt

$1.6B

YoY-14.0%

QoQ-27.3%

5Y CAGR-2.7%

10Y CAGR+5.6%

Ppg Inds Inc held $1.6B in cash against $6.4B in long-term debt as of Q1 2026.

Dividends Per Share

$0.71

YoY+4.4%

QoQ0.0%

5Y CAGR+5.6%

10Y CAGR+7.0%

Ppg Inds Inc paid $0.71 per share in dividends in Q1 2026. This represents an increase of 4.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

223M

YoY-1.8%

QoQ-0.3%

5Y CAGR-1.2%

10Y CAGR-1.8%

Ppg Inds Inc had 223M shares outstanding in Q1 2026. This represents a decrease of 1.8% from the same quarter a year earlier. Against the prior quarter it is down 0.3%.

Margins & Returns

Gross Margin

42.1%

YoY+0.2pp

QoQ+1.3pp

5Y CAGR-0.4pp

Ppg Inds Inc's gross margin was 42.1% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Operating Margin

16.2%

YoY-0.3pp

Ppg Inds Inc's operating margin was 16.2% in Q1 2026, reflecting core business profitability. This is down 0.3 percentage points from the same quarter a year earlier.

Net Margin

9.7%

YoY-0.4pp

QoQ+2.1pp

5Y CAGR0.0pp

10Y CAGR-0.5pp

Ppg Inds Inc's net profit margin was 9.7% in Q1 2026, showing the share of revenue converted to profit. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.1 percentage points.

Return on Equity

4.7%

YoY-0.7pp

QoQ+0.9pp

5Y CAGR-1.8pp

10Y CAGR-2.0pp

Ppg Inds Inc's ROE was 4.7% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.

Capital Allocation

R&D Spending

$113.0M

YoY+10.8%

QoQ-14.4%

5Y CAGR+2.1%

Ppg Inds Inc invested $113.0M in research and development in Q1 2026. This represents an increase of 10.8% from the same quarter a year earlier. Against the prior quarter it is down 14.4%.

Share Buybacks

$96.0M

YoY-75.6%

QoQ-6.8%

Ppg Inds Inc spent $96.0M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 75.6% from the same quarter a year earlier. Against the prior quarter it is down 6.8%.

Capital Expenditures

$196.0M

YoY-6.2%

QoQ-34.9%

5Y CAGR+19.6%

10Y CAGR+10.8%

Ppg Inds Inc invested $196.0M in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 6.2% from the same quarter a year earlier. Against the prior quarter it is down 34.9%.

PPG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PPG quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$16.1B	$15.9B+0.2%	$15.8B-2.4%	$16.2B+4.0%	$15.6B-7.1%	$16.8B+21.5%	$13.8B-8.7%	$15.1B-1.5%	$15.4B+4.2%	$14.7B+3.3%	$14.3B+0.2%	$14.2B-3.7%	$14.8B-2.1%	$15.1B+11.8%	$13.5B+2.7%	$13.2B
Cost of Revenue	$9.4B	$9.3B+0.7%	$9.3B-4.4%	$9.7B-3.0%	$10.0B-3.0%	$10.3B+32.3%	$7.8B-10.1%	$8.7B-3.9%	$9.0B+9.6%	$8.2B	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$6.7B	$6.6B-0.5%	$6.6B+0.4%	$6.6B+16.4%	$5.6B-13.5%	$6.5B+7.6%	$6.1B-6.7%	$6.5B+1.9%	$6.4B-2.5%	$6.5B	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$457.0M	$446.0M-0.2%	$447.0M+0.2%	$446.0M-2.4%	$457.0M-1.3%	$463.0M+15.5%	$401.0M-12.1%	$456.0M-1.7%	$464.0M-1.7%	$472.0M-0.2%	$473.0M-2.3%	$484.0M-3.0%	$499.0M+4.2%	$479.0M+7.9%	$444.0M+0.2%	$443.0M
SG&A Expenses	$3.5B	$3.4B+1.4%	$3.4B-0.3%	$3.4B+12.0%	$3.0B-19.7%	$3.8B+11.5%	$3.4B-6.0%	$3.6B+0.9%	$3.6B+0.5%	$3.6B0.0%	$3.6B-0.8%	$3.6B-3.0%	$3.7B+6.0%	$3.5B+16.7%	$3.0B-4.3%	$3.1B
Operating Income	N/A	N/A	N/A	$2.7B+31.0%	$2.0B-5.9%	$2.2B+2.9%	$2.1B-7.1%	$2.3B+7.2%	$2.1B-7.6%	$2.3B-3.8%	$2.4B+4.2%	$2.3B+4.4%	$2.2B+13.9%	$1.9B+18.0%	$1.6B-1.7%	$1.7B
EBITDA	N/A	N/A	N/A	$3.2B+25.4%	$2.5B-6.9%	$2.7B+4.4%	$2.6B-5.9%	$2.8B+6.4%	$2.6B-5.0%	$2.8B-2.5%	$2.8B+3.3%	$2.7B+3.5%	$2.6B+11.2%	$2.4B+17.1%	$2.0B-2.6%	$2.1B
Interest Expense	$246.0M	$241.0M0.0%	$241.0M-2.4%	$247.0M+47.9%	$167.0M+38.0%	$121.0M-12.3%	$138.0M+4.5%	$132.0M+11.9%	$118.0M+12.4%	$105.0M-16.0%	$125.0M0.0%	$125.0M-33.2%	$187.0M-4.6%	$196.0M-6.7%	$210.0M0.0%	$210.0M
Income Tax	$468.0M	$458.0M-3.6%	$475.0M+11.0%	$428.0M+33.8%	$320.0M-14.4%	$374.0M+28.5%	$291.0M-25.8%	$392.0M+11.0%	$353.0M-42.6%	$615.0M+187.4%	$214.0M-48.2%	$413.0M+74.3%	$237.0M-6.3%	$253.0M+70.9%	$148.0M-43.1%	$260.0M
Net Income	$1.6B	$1.6B+41.2%	$1.1B-12.1%	$1.3B+23.8%	$1.0B-28.7%	$1.4B+35.9%	$1.1B-14.8%	$1.2B-7.3%	$1.3B-15.9%	$1.6B+82.6%	$873.0M-37.9%	$1.4B-33.1%	$2.1B-34.9%	$3.2B+243.4%	$941.0M-14.1%	$1.1B
EPS (Basic)	N/A	$6.96+45.9%	$4.77-11.3%	$5.38+24.0%	$4.34-28.4%	$6.06+35.6%	$4.47-14.9%	$5.25-4.5%	$5.50-11.6%	$6.22+89.1%	$3.29-36.5%	$5.18-31.8%	$7.60-32.6%	$11.27+83.8%	$6.13-11.9%	$6.96
EPS (Diluted)	$7.02	$6.94+46.1%	$4.75-11.2%	$5.35+23.8%	$4.32-28.1%	$6.01+35.1%	$4.45-14.8%	$5.22-4.6%	$5.47-11.5%	$6.18+89.0%	$3.27-36.4%	$5.14	$7.52-32.4%	$11.13	$6.06-11.8%	$6.87
Diluted Shares (Avg)	N/A	227M-3.3%	235M-1.0%	237M0.0%	237M-0.9%	239M+0.6%	238M-0.1%	238M-2.9%	245M-4.8%	258M-3.6%	267M-2.3%	274M	280M-3.7%	290M	155M-2.6%	159M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$3.9B+6.7%	$3.9B+5.0%	$4.1B+1.2%	$4.2B-0.9%	$3.7B-4.3%	$3.7B+59.0%	$4.0B-13.2%	$4.2B-13.1%
Cost of Revenue	$2.3B+6.2%	$2.3B+4.5%	$2.4B+1.9%	$2.4B-0.7%	$2.1B-2.9%	$2.2B+51.4%	$2.4B-13.5%	$2.5B-14.5%
Gross Profit	$1.7B+7.3%	$1.6B+5.6%	$1.7B+0.3%	$1.8B-1.2%	$1.5B-6.2%	$1.5B+71.5%	$1.7B-12.7%	$1.8B-11.0%
R&D Expenses	$113.0M+10.8%	$132.0M+1.5%	$106.0M+3.9%	$106.0M-1.9%	$102.0M-4.7%	$130.0M+4.8%	$102.0M-5.6%	$108.0M-1.8%
SG&A Expenses	$885.0M+5.6%	$905.0M+8.4%	$824.0M-2.8%	$872.0M+1.6%	$838.0M-1.4%	$835.0M+185.0%	$848.0M-19.0%	$858.0M-19.7%
Operating Income	$636.0M+4.8%	N/A	$689.0M0.0%	$743.0M-6.7%	$607.0M-8.9%	N/A	$689.0M-1.3%	$796.0M+1.1%
EBITDA	$768.0M+5.5%	N/A	$827.0M+2.4%	$878.0M-4.6%	$728.0M-8.5%	N/A	$808.0M-3.8%	$920.0M0.0%
Interest Expense	$61.0M+8.9%	$58.0M+1.8%	$65.0M-3.0%	$62.0M0.0%	$56.0M+1.8%	$57.0M0.0%	$67.0M+4.7%	$62.0M-7.5%
Income Tax	$132.0M+8.2%	$78.0M+11.4%	$118.0M-7.8%	$140.0M-6.0%	$122.0M-4.7%	$70.0M-10.3%	$128.0M+5.8%	$149.0M0.0%
Net Income	$382.0M+2.4%	$300.0M+207.1%	$453.0M-3.2%	$450.0M-14.8%	$373.0M-6.8%	-$280.0M-411.1%	$468.0M+9.9%	$528.0M+7.8%
EPS (Basic)	$1.71+4.9%	$1.34+212.6%	$2.010.0%	$1.98-12.0%	$1.63-4.1%	-$1.19-413.2%	$2.01+11.7%	$2.25+8.2%
EPS (Diluted)	$1.70+4.3%	$1.34+213.6%	$2.000.0%	$1.98-11.6%	$1.63-3.6%	-$1.18-410.5%	$2.00+11.7%	$2.24+8.7%
Diluted Shares (Avg)	224M-2.0%	N/A	227M-3.3%	228M-3.4%	229M-3.4%	N/A	234M-1.3%	236M-0.7%

PPG Balance Sheet

PPG quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$22.1B+13.7%	$19.4B-10.2%	$21.6B+4.4%	$20.7B-2.8%	$21.4B+9.2%	$19.6B+10.4%	$17.7B+10.6%	$16.0B-3.2%	$16.5B+4.9%	$15.8B-7.6%	$17.1B-2.6%	$17.5B+11.0%	$15.8B-0.5%	$15.9B+10.4%	$14.4B
Current Assets	$8.0B+21.4%	$6.6B-11.8%	$7.4B+3.6%	$7.2B+5.9%	$6.8B-0.4%	$6.8B+10.2%	$6.2B+3.5%	$6.0B-8.0%	$6.5B-1.5%	$6.6B-2.1%	$6.7B+4.2%	$6.4B-10.7%	$7.2B-6.5%	$7.7B+15.3%	$6.7B
Cash & Equivalents	$2.2B+70.3%	$1.3B-14.9%	$1.5B+35.9%	$1.1B+9.4%	$1.0B-45.0%	$1.8B+50.2%	$1.2B+34.8%	$902.0M-37.2%	$1.4B-21.1%	$1.8B+38.8%	$1.3B+91.1%	$686.0M-38.5%	$1.1B-14.5%	$1.3B0.0%	$1.3B
Short-Term Investments	$56.0M-36.4%	$88.0M+17.3%	$75.0M+36.4%	$55.0M-17.9%	$67.0M-30.2%	$96.0M+68.4%	$57.0M-6.6%	$61.0M+10.9%	$55.0M+27.9%	$43.0M-70.1%	$144.0M-71.0%	$497.0M-21.0%	$629.0M-42.1%	$1.1B+4248.0%	$25.0M
Inventory	$2.0B+8.1%	$1.8B-4.6%	$1.9B-14.9%	$2.3B+4.7%	$2.2B+25.1%	$1.7B+1.5%	$1.7B-4.1%	$1.8B+3.1%	$1.7B+14.3%	$1.5B-8.7%	$1.7B-9.1%	$1.8B0.0%	$1.8B+8.2%	$1.7B+5.0%	$1.6B
Accounts Receivable	$2.8B+12.4%	$2.5B-5.5%	$2.6B-7.2%	$2.8B+5.1%	$2.7B+11.4%	$2.4B-2.7%	$2.5B-1.0%	$2.5B-2.1%	$2.6B+11.8%	$2.3B-2.3%	$2.3B-1.0%	$2.4B-3.4%	$2.4B-4.6%	$2.6B+2.2%	$2.5B
Long-Term Investments	$332.0M+0.3%	$331.0M+30.3%	$254.0M+4.1%	$244.0M-10.9%	$274.0M+2.6%	$267.0M+3.5%	$258.0M+2.8%	$251.0M-6.3%	$268.0M+49.7%	$179.0M-51.2%	$367.0M-17.2%	$443.0M+12.7%	$393.0M-6.9%	$422.0M+9.0%	$387.0M
Goodwill	$6.1B+8.1%	$5.7B-7.0%	$6.1B+2.0%	$6.0B-4.1%	$6.2B+22.5%	$5.1B+14.1%	$4.5B+9.8%	$4.1B+3.2%	$3.9B+10.4%	$3.6B-1.5%	$3.6B-4.6%	$3.8B+26.4%	$3.0B+8.9%	$2.8B+3.8%	$2.7B
Total Liabilities	$14.0B+12.3%	$12.5B-8.5%	$13.6B-2.9%	$14.0B-6.1%	$14.9B+8.7%	$13.7B+11.7%	$12.3B+9.1%	$11.3B+3.8%	$10.9B+0.1%	$10.9B-9.6%	$12.0B-2.1%	$12.3B+15.0%	$10.7B-7.7%	$11.6B+5.7%	$10.9B
Current Liabilities	$4.9B-2.3%	$5.0B-0.8%	$5.1B+7.1%	$4.7B-0.9%	$4.8B-1.3%	$4.8B+10.4%	$4.4B0.0%	$4.4B+12.3%	$3.9B-8.4%	$4.3B-9.4%	$4.7B-3.7%	$4.9B+17.9%	$4.1B-7.3%	$4.5B+20.5%	$3.7B
Non-Current Liabilities	$9.1B+22.0%	$7.5B-13.0%	$8.6B-8.0%	$9.3B-8.5%	$10.2B+14.2%	$8.9B+12.4%	$7.9B+14.8%	$6.9B-0.9%	$7.0B+5.6%	$6.6B-9.7%	$7.3B-1.1%	$7.4B+13.2%	$6.5B-8.0%	$7.1B-1.9%	$7.2B
Long-Term Debt	$6.6B+35.4%	$4.9B-15.2%	$5.7B-11.6%	$6.5B-1.0%	$6.6B+27.1%	$5.2B+13.9%	$4.5B+4.0%	$4.4B+5.6%	$4.1B+9.2%	$3.8B-5.9%	$4.0B+14.0%	$3.5B+4.8%	$3.4B+0.1%	$3.4B-5.8%	$3.6B
Total Equity	$7.9B+17.0%	$6.8B-13.4%	$7.8B+18.8%	$6.6B+4.9%	$6.3B+10.5%	$5.7B+7.7%	$5.3B+14.1%	$4.6B-16.7%	$5.6B+15.1%	$4.8B-3.1%	$5.0B-3.8%	$5.2B+5.0%	$4.9B+21.4%	$4.1B+25.1%	$3.2B
Retained Earnings	$22.9B+4.3%	$22.0B+2.3%	$21.5B+3.2%	$20.8B+2.2%	$20.4B+4.6%	$19.5B+3.0%	$18.9B+4.3%	$18.1B+5.8%	$17.1B+7.3%	$16.0B+3.0%	$15.5B+7.1%	$14.5B+13.6%	$12.8B+29.2%	$9.9B+6.3%	$9.3B

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$22.1B+4.8%	$22.1B+13.7%	$22.1B+1.3%	$22.1B+1.7%	$21.1B-3.3%	$19.4B-10.2%	$21.9B+1.7%	$21.7B-2.2%
Current Assets	$8.0B+0.9%	$8.0B+21.4%	$8.2B+3.9%	$8.2B+5.2%	$7.9B+3.0%	$6.6B-11.8%	$7.9B+4.8%	$7.8B-3.5%
Cash & Equivalents	$1.6B-14.0%	$2.2B+70.3%	$1.8B+46.4%	$1.6B+38.0%	$1.8B+55.0%	$1.3B-14.9%	$1.3B+2.7%	$1.1B-7.9%
Short-Term Investments	$51.0M-19.0%	$56.0M-36.4%	$76.0M+7.0%	$64.0M+4.9%	$63.0M+16.7%	$88.0M+17.3%	$71.0M+10.9%	$61.0M-10.3%
Inventory	$2.2B+2.2%	$2.0B+8.1%	$2.2B-3.6%	$2.2B-3.3%	$2.1B-9.3%	$1.8B-4.6%	$2.3B+2.1%	$2.3B-8.3%
Accounts Receivable	N/A	$2.8B+12.4%	N/A	N/A	N/A	$2.5B-5.5%	N/A	N/A
Long-Term Investments	$346.0M+9.1%	$332.0M+0.3%	$342.0M+14.0%	$338.0M+14.6%	$317.0M+15.3%	$331.0M+30.3%	$300.0M+13.6%	$295.0M+12.6%
Goodwill	$6.2B+5.6%	$6.1B+8.1%	$6.1B+0.6%	$6.1B+1.1%	$5.8B-5.1%	$5.7B-7.0%	$6.1B-1.6%	$6.0B-3.9%
Total Liabilities	$13.9B-1.1%	$14.0B+12.3%	$14.2B+2.2%	$14.4B+4.1%	$14.0B+2.2%	$12.5B-8.5%	$13.9B+2.4%	$13.8B-4.4%
Current Liabilities	$5.0B-15.1%	$4.9B-2.3%	$5.6B+12.3%	$5.8B+10.3%	$5.8B+18.1%	$5.0B-0.8%	$5.0B-2.0%	$5.2B-3.5%
Non-Current Liabilities	$8.9B+8.9%	$9.1B+22.0%	$8.6B-3.5%	$8.6B+0.4%	$8.2B-6.7%	$7.5B-13.0%	$8.9B+5.0%	$8.6B-5.0%
Long-Term Debt	$6.4B+14.9%	$6.6B+35.4%	$5.9B-3.8%	$5.9B+2.7%	$5.6B-6.2%	$4.9B-15.2%	$6.1B+9.7%	$5.8B-5.5%
Total Equity	$8.1B+17.0%	$7.9B+17.0%	$7.8B+0.2%	$7.6B-2.4%	$6.9B-12.8%	$6.8B-13.4%	$7.8B+0.5%	$7.8B+2.0%
Retained Earnings	$23.2B+4.3%	$22.9B+4.3%	$22.8B+1.6%	$22.5B+1.7%	$22.2B+2.1%	$22.0B+2.3%	$22.4B+4.0%	$22.1B+3.9%

PPG Cash Flow Statement

PPG quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$2.0B	$1.9B+36.7%	$1.4B-41.1%	$2.4B+150.4%	$963.0M-38.3%	$1.6B-26.7%	$2.1B+2.4%	$2.1B+41.8%	$1.5B-6.4%	$1.6B+16.1%	$1.4B-28.7%	$1.9B+24.0%	$1.5B-14.7%	$1.8B+0.2%	$1.8B+24.4%	$1.4B
Depreciation & Amortization	N/A	$528.0M+7.3%	$492.0M-4.3%	$514.0M+2.4%	$502.0M-10.5%	$561.0M+10.2%	$509.0M-0.4%	$511.0M+2.8%	$497.0M+8.0%	$460.0M+4.5%	$440.0M-1.3%	$446.0M-0.9%	$450.0M-0.4%	$452.0M+13.3%	$399.0M-6.1%	$425.0M
Stock-Based Compensation	N/A	$46.0M+9.5%	$42.0M-25.0%	$56.0M+64.7%	$34.0M-40.4%	$57.0M+29.5%	$44.0M+12.8%	$39.0M+5.4%	$37.0M+5.7%	$35.0M-22.2%	$45.0M-16.7%	$54.0M-23.9%	$71.0M-12.3%	$81.0M+14.1%	$71.0M+108.8%	$34.0M
Capital Expenditures	$765.0M	$778.0M+7.9%	$721.0M+39.7%	$516.0M+6.2%	$486.0M+31.0%	$371.0M+22.0%	$304.0M-26.4%	$413.0M+0.5%	$411.0M+14.2%	$360.0M-5.3%	$380.0M-11.6%	$430.0M-23.8%	$564.0M+14.2%	$494.0M+49.7%	$330.0M+1.2%	$326.0M
Free Cash Flow	$1.2B	$1.2B+66.4%	$699.0M-63.1%	$1.9B+297.3%	$477.0M-59.9%	$1.2B-34.8%	$1.8B+9.5%	$1.7B+57.9%	$1.1B-12.6%	$1.2B+24.4%	$971.0M-33.7%	$1.5B+52.0%	$964.0M-25.7%	$1.3B-11.0%	$1.5B+31.3%	$1.1B
Investing Cash Flow	-$811.0M	-$700.0M-754.2%	$107.0M+119.2%	-$556.0M-20.6%	-$461.0M+80.8%	-$2.4B-66.1%	-$1.4B-43.4%	-$1.0B-32.1%	-$764.0M-1040.3%	-$67.0M-115.4%	$436.0M+210.4%	-$395.0M+53.9%	-$857.0M-28666.7%	$3.0M+100.2%	-$1.6B-556.4%	$353.0M
Financing Cash Flow	-$1.6B	-$545.0M+61.8%	-$1.4B+8.1%	-$1.6B-279.0%	-$409.0M-539.8%	$93.0M+257.6%	-$59.0M+92.2%	-$758.0M+37.1%	-$1.2B+38.3%	-$2.0B-61.5%	-$1.2B-49.0%	-$812.0M+16.2%	-$969.0M+51.0%	-$2.0B-463.8%	-$351.0M+78.5%	-$1.6B
Dividends Paid	$633.0M	$628.0M+1.0%	$622.0M+4.0%	$598.0M+4.9%	$570.0M+6.3%	$536.0M+8.1%	$496.0M+6.0%	$468.0M+3.3%	$453.0M+4.4%	$434.0M+4.8%	$414.0M+8.1%	$383.0M+6.1%	$361.0M+4.6%	$345.0M-3.6%	$358.0M+0.8%	$355.0M
Share Buybacks	$492.0M	$790.0M+5.1%	$752.0M+774.4%	$86.0M-54.7%	$190.0M-9.5%	$210.0M	$0-100.0%	$325.0M-81.1%	$1.7B+111.7%	$813.0M-22.6%	$1.1B+39.8%	$751.0M+0.1%	$750.0M-25.0%	$1.0B+987.0%	$92.0M-89.3%	$858.0M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$33.0M+283.3%	$887.0M+156.4%	$685.0M-10.9%	$387.0M+6.0%	-$18.0M+70.0%	$346.0M-61.5%	$769.0M-13.8%	$365.0M-31.9%
Depreciation & Amortization	$132.0M+9.1%	$134.0M+12.6%	$138.0M+16.0%	$135.0M+8.9%	$121.0M-6.9%	$119.0M+12.3%	$119.0M-16.2%	$124.0M-6.8%
Stock-Based Compensation	$11.0M-52.2%	N/A	-$1.0M-111.1%	$13.0M+30.0%	$23.0M+109.1%	N/A	$9.0M+12.5%	$10.0M-41.2%
Capital Expenditures	$196.0M-6.2%	$301.0M+44.7%	$147.0M+0.7%	$121.0M+5.2%	$209.0M-17.1%	$208.0M+54.1%	$146.0M+5.0%	$115.0M-5.7%
Free Cash Flow	-$163.0M+28.2%	$586.0M+324.6%	$538.0M-13.6%	$266.0M+6.4%	-$227.0M+27.2%	$138.0M-81.9%	$623.0M-17.3%	$250.0M-39.6%
Investing Cash Flow	-$279.0M-66.1%	-$283.0M-145.8%	-$129.0M+8.5%	-$120.0M+8.4%	-$168.0M+29.7%	$618.0M+493.6%	-$141.0M-29.4%	-$131.0M+42.0%
Financing Cash Flow	-$334.0M-147.9%	-$276.0M+65.8%	-$306.0M+29.2%	-$661.0M-340.7%	$698.0M+2094.3%	-$808.0M-48.3%	-$432.0M+41.5%	-$150.0M+72.4%
Dividends Paid	$159.0M+3.2%	$160.0M+1.3%	$160.0M+0.6%	$154.0M+1.3%	$154.0M+0.7%	$158.0M+3.3%	$159.0M+3.9%	$152.0M+4.1%
Share Buybacks	$96.0M-75.6%	$103.0M-57.3%	$147.0M-26.1%	$146.0M-10.4%	$394.0M+164.4%	$241.0M+180.2%	$199.0M	$163.0M

PPG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PPG quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	41.3%-0.3pp	41.6%+1.2pp	40.4%+4.3pp	36.1%-2.7pp	38.8%-5.0pp	43.8%+0.9pp	42.9%+1.4pp	41.4%-2.9pp	44.3%	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	16.5%+3.4pp	13.1%+0.2pp	12.9%-2.3pp	15.3%+0.3pp	15.0%+1.2pp	13.8%-1.8pp	15.5%-1.1pp	16.7%+0.6pp	16.1%+1.2pp	14.8%+2.1pp	12.7%+0.7pp	12.1%-0.5pp	12.6%
Net Margin	9.9%+2.9pp	7.0%-0.8pp	7.8%+1.3pp	6.6%-2.0pp	8.6%+0.9pp	7.7%-0.6pp	8.2%-0.5pp	8.7%-2.1pp	10.8%+4.7pp	6.1%-3.8pp	9.9%-4.3pp	14.2%-7.2pp	21.4%+14.4pp	7.0%-1.4pp	8.3%
Return on Equity	19.9%+3.4pp	16.4%+0.2pp	16.2%+0.7pp	15.6%-7.3pp	22.9%+4.3pp	18.6%-4.9pp	23.5%-5.4pp	29.0%+0.3pp	28.7%+10.6pp	18.1%-10.1pp	28.2%-12.4pp	40.6%-24.9pp	65.5%+42.4pp	23.2%-10.5pp	33.7%
Return on Assets	7.1%+1.4pp	5.7%-0.1pp	5.9%+0.9pp	5.0%-1.8pp	6.7%+1.3pp	5.4%-1.6pp	7.0%-1.3pp	8.4%-1.3pp	9.6%+4.1pp	5.5%-2.7pp	8.2%-3.8pp	12.0%-8.4pp	20.4%+14.5pp	5.9%-1.7pp	7.6%
Current Ratio	1.62+0.3x	1.31-0.2x	1.470.0x	1.52+0.1x	1.420.0x	1.410.0x	1.410.0x	1.36-0.3x	1.66+0.1x	1.55+0.1x	1.43+0.1x	1.32-0.4x	1.740.0x	1.73-0.1x	1.81
Debt-to-Equity	0.83+0.1x	0.720.0x	0.73-0.3x	0.99-0.1x	1.05+0.1x	0.910.0x	0.86-0.1x	0.94+0.2x	0.740.0x	0.780.0x	0.81+0.1x	0.680.0x	0.68-0.1x	0.83-0.3x	1.10
Asset Turnover	0.72-0.1x	0.82+0.1x	0.750.0x	0.750.0x	0.79+0.1x	0.71-0.1x	0.86-0.1x	0.96+0.1x	0.890.0x	0.90+0.1x	0.830.0x	0.84-0.1x	0.96+0.1x	0.85-0.1x	0.91
FCF Margin	7.3%+2.9pp	4.4%-7.3pp	11.7%+8.6pp	3.0%-4.0pp	7.1%-6.1pp	13.2%+2.2pp	11.0%+4.1pp	6.9%-1.3pp	8.2%+1.4pp	6.8%-3.5pp	10.3%+3.8pp	6.5%-2.1pp	8.6%-2.2pp	10.8%+2.3pp	8.4%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	42.1%+0.2pp	40.8%+0.3pp	40.6%-0.4pp	42.0%-0.1pp	41.9%-0.8pp	40.6%+3.0pp	40.9%+0.2pp	42.1%+1.0pp
Operating Margin	16.2%-0.3pp	N/A	16.9%-0.2pp	17.7%-1.1pp	16.5%-0.8pp	N/A	17.1%+2.1pp	18.8%+2.6pp
Net Margin	9.7%-0.4pp	7.7%+15.2pp	11.1%-0.5pp	10.7%-1.7pp	10.1%-0.3pp	-7.5%-11.3pp	11.6%+2.4pp	12.5%+2.4pp
Return on Equity	4.7%-0.7pp	3.8%+7.9pp	5.8%-0.2pp	5.9%-0.9pp	5.4%+0.3pp	-4.1%-5.3pp	6.0%+0.5pp	6.8%+0.4pp
Return on Assets	1.7%0.0pp	1.4%+2.8pp	2.1%-0.1pp	2.0%-0.4pp	1.8%-0.1pp	-1.4%-1.9pp	2.1%+0.2pp	2.4%+0.2pp
Current Ratio	1.61+0.3x	1.62+0.3x	1.47-0.1x	1.42-0.1x	1.35-0.2x	1.31-0.2x	1.58+0.1x	1.490.0x
Debt-to-Equity	0.790.0x	0.83+0.1x	0.760.0x	0.780.0x	0.80+0.1x	0.720.0x	0.79+0.1x	0.74-0.1x
Asset Turnover	0.180.0x	0.180.0x	0.180.0x	0.190.0x	0.170.0x	0.19+0.1x	0.180.0x	0.190.0x
FCF Margin	-4.2%+2.0pp	15.0%+11.3pp	13.2%-2.3pp	6.3%+0.4pp	-6.2%+2.0pp	3.7%-28.8pp	15.4%-0.8pp	5.9%-2.6pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

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Ppg Inds Inc PPG	FY2025	$15.9B	$1.6B	9.9%	$23.8B	58/100
Dupont De Nemours Inc DD	FY2025	$6.8B	$88.0M	1.3%	$17.7B	38/100
Lyondellbasell Industries N V LYB	FY2025	$30.2B	-$738.0M	-2.5%	$20.9B	34/100
Rpm Inc RPM	FY2026	$7.9B	$662.0M	8.4%	$13.1B	35/100
International Flavors&Fragranc IFF	FY2025	$10.9B	-$359.0M	-3.3%	$21.8B	27/100
Air Prods & Chems Inc APD	FY2025	$12.0B	-$394.5M	-3.3%	$66.3B	34/100

Where Ppg Inds Inc Ranks

Frequently Asked Questions

What is Ppg Inds Inc's annual revenue?

Ppg Inds Inc (PPG) reported $15.9B in total revenue for fiscal year 2025. This represents a 0.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ppg Inds Inc's revenue growing?

Ppg Inds Inc (PPG) revenue grew by 0.2% year-over-year, from $15.8B to $15.9B in fiscal year 2025.

Is Ppg Inds Inc profitable?

Yes, Ppg Inds Inc (PPG) reported a net income of $1.6B in fiscal year 2025, with a net profit margin of 9.9%.

How much debt does Ppg Inds Inc have?

As of fiscal year 2025, Ppg Inds Inc (PPG) had $2.2B in cash and equivalents against $6.6B in long-term debt.

What is Ppg Inds Inc's gross margin?

Ppg Inds Inc (PPG) had a gross margin of 41.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ppg Inds Inc's net profit margin?

Ppg Inds Inc (PPG) had a net profit margin of 9.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Ppg Inds Inc pay dividends?

Yes, Ppg Inds Inc (PPG) paid $2.78 per share in dividends during fiscal year 2025.

What is Ppg Inds Inc's return on equity (ROE)?

Ppg Inds Inc (PPG) has a return on equity of 19.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Ppg Inds Inc's free cash flow?

Ppg Inds Inc (PPG) generated $1.2B in free cash flow during fiscal year 2025. This represents a 66.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ppg Inds Inc's operating cash flow?

Ppg Inds Inc (PPG) generated $1.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ppg Inds Inc's total assets?

Ppg Inds Inc (PPG) had $22.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Ppg Inds Inc's capital expenditures?

Ppg Inds Inc (PPG) invested $778.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Ppg Inds Inc spend on research and development?

Ppg Inds Inc (PPG) invested $446.0M in research and development during fiscal year 2025.

Does Ppg Inds Inc buy back shares?

Yes, Ppg Inds Inc (PPG) spent $790.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Ppg Inds Inc have outstanding?

Ppg Inds Inc (PPG) had 223M shares outstanding as of fiscal year 2025.

What is Ppg Inds Inc's current ratio?

Ppg Inds Inc (PPG) had a current ratio of 1.62 as of fiscal year 2025, which is generally considered healthy.

What is Ppg Inds Inc's debt-to-equity ratio?

Ppg Inds Inc (PPG) had a debt-to-equity ratio of 0.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ppg Inds Inc's return on assets (ROA)?

Ppg Inds Inc (PPG) had a return on assets of 7.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ppg Inds Inc's P/E ratio?

Ppg Inds Inc (PPG) trades at 15.0x earnings, its market capitalization divided by net income of $1.6B net income, trailing 12 months to March 31, 2026. The market capitalization is $23.8B as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Ppg Inds Inc's price-to-sales ratio?

Ppg Inds Inc (PPG) trades at 1.5x sales, its market capitalization divided by revenue of $16.1B revenue, trailing 12 months to March 31, 2026. The market capitalization is $23.8B as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Ppg Inds Inc's Piotroski F-Score?

Ppg Inds Inc (PPG) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ppg Inds Inc's earnings high quality?

Ppg Inds Inc (PPG) has an earnings quality ratio of 1.23x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Ppg Inds Inc?

Ppg Inds Inc (PPG) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.