PPG Industries Inc (PPG) Financial Statements
Industry: Paints, Varnishes, Lacquers, Enamels & Allied Prods
In fiscal 2025, PPG Industries reported revenue of $15.88B, up 0.2% from $15.85B the year before. Net income was $1.58B (a 9.9% net margin), or $6.94 per diluted share. Gross margin was 41.3% and operating margin was 13.5%. Operating activities generated $1.94B of cash, leaving $1.16B of free cash flow. At fiscal year end, PPG Industries held $22.10B in total assets against $14.00B in total liabilities, including $2.16B of cash and equivalents.
Open the full interactive PPG Industries financials → Quarterly statements, key ratios, valuation history and price charts.
PPG Industries Key Stats
| Share Price | $104.55 |
|---|---|
| Market Cap | $23.41B |
| P/E Ratio | 15.1 |
| Dividend Yield | 2.68% |
| Revenue YoY Growth | +0.2% |
| 52-Week Range | $92.50 – $129.16 |
| Shares Outstanding | 223.0 million (basic, 2026 Q2) |
PPG Industries Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $13.83B | $16.80B | $17.65B | $18.25B | $15.85B | $15.88B |
| Cost of Goods Sold | $7.78B | $10.29B | $11.10B | $10.74B | $9.25B | $9.32B |
| Gross Profit | $6.06B | $6.52B | $6.56B | $7.50B | $6.59B | $6.56B |
| Operating Income | $2.11B | $2.17B | $2.04B | $2.67B | $2.26B | $2.15B |
| Pre-Tax Income | $1.36B | $1.81B | $1.38B | $1.75B | $1.85B | $2.04B |
| Income Tax | $291.0M | $374.0M | $325.0M | $439.0M | $475.0M | $458.0M |
| Net Income | $1.06B | $1.44B | $1.03B | $1.27B | $1.12B | $1.58B |
| Diluted EPS | $4.45 | $6.01 | $4.32 | $5.35 | $4.75 | $6.94 |
PPG Industries Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.08B | $3.91B | $3.93B | $4.50B |
| Net Income | $453.0M | $300.0M | $382.0M | $437.0M |
| Diluted EPS | $2.00 | $1.32 | $1.70 | $1.95 |
PPG Industries Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.83B | $1.00B | $1.10B | $1.51B | $1.27B | $2.16B |
| Current Assets | $6.80B | $6.77B | $7.17B | $7.43B | $6.56B | $7.96B |
| Total Assets | $19.56B | $21.35B | $20.74B | $21.65B | $19.43B | $22.10B |
| Current Liabilities | $4.83B | $4.77B | $4.72B | $5.05B | $5.01B | $4.90B |
| Total Long-Term Debt | $5.35B | $6.58B | $6.81B | $6.05B | $5.81B | $7.30B |
| Total Liabilities | $13.74B | $14.94B | $14.04B | $13.62B | $12.47B | $14.00B |
| Shareholders' Equity | $5.69B | $6.29B | $6.59B | $7.83B | $6.79B | $7.94B |
PPG Industries Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.13B | $1.56B | $963.0M | $2.41B | $1.42B | $1.94B |
| Cash From Investing | -$1.45B | -$2.40B | -$461.0M | -$556.0M | $107.0M | -$700.0M |
| Cash From Financing | -$59.0M | $93.0M | -$409.0M | -$1.55B | -$1.43B | -$545.0M |
| Free Cash Flow | $1.83B | $1.19B | $445.0M | $1.86B | $699.0M | $1.16B |
| Dividends Paid | $496.0M | $536.0M | $570.0M | $598.0M | $622.0M | $628.0M |
Figures from PPG Industries' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full PPG Industries financials page for every line item.
PPG Industries Company Profile
| Ticker | PPG |
|---|---|
| Exchange | NYSE |
| Industry | Paints, Varnishes, Lacquers, Enamels & Allied Prods |
| Headquarters | Pittsburgh, Pennsylvania |
| Incorporated in | Pennsylvania |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000079879 |
Frequently Asked Questions
What was PPG Industries' revenue in fiscal 2025?
PPG Industries (PPG) reported revenue of $15.88B for fiscal 2025.
What is PPG Industries' annual revenue history?
PPG Industries' annual revenue by fiscal year: 2020: $13.83B; 2021: $16.80B; 2022: $17.65B; 2023: $18.25B; 2024: $15.85B; 2025: $15.88B.
What was PPG Industries' net income in fiscal 2025?
PPG Industries reported net income of $1.58B for fiscal 2025.
What was PPG Industries' earnings per share (EPS) in fiscal 2025?
PPG Industries' diluted EPS was $6.94 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did PPG Industries generate in fiscal 2025?
PPG Industries generated $1.16B of free cash flow in fiscal 2025.
What was PPG Industries' revenue last quarter?
In its most recent reported quarter (2026 Q2), PPG Industries reported revenue of $4.50B.
How much debt does PPG Industries have?
PPG Industries reported $7.30B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of PPG Industries are outstanding?
PPG Industries reported a weighted average of 223.0 million basic shares outstanding in 2026 Q2.
What is PPG Industries' market cap?
Based on its latest closing price, PPG Industries (PPG) has a market capitalization of about $23.41B.
When does PPG Industries' fiscal year end?
PPG Industries' fiscal year end, as registered with the SEC, is December 31.
Where is PPG Industries headquartered?
PPG Industries lists its business address in Pittsburgh, Pennsylvania in its SEC filings.
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