PPG Industries, Inc. (PPG) Stock Analysis
Basic Materials · Specialty Chemicals · NYSE
PPG Industries, Inc. (PPG) posted $15.88B in revenue for fiscal 2025 (up 0.2% year over year), at a 9.9% net margin, and has compounded revenue about 2.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on PPG Industries, Inc.
PPG Industries, Inc. has grown revenue from $14.27B to $15.88B over the last 10 fiscal years, compounding about 2.8% a year. The most recent year was up 0.2%, so growth has cooled from its longer-run pace.
Net margin sits at 9.9%, up 2.9 points year over year on a 41.3% gross margin. It carries about $7.30B of total debt.
At today's valuation the market is pricing in roughly 8.5% annual free-cash-flow growth — versus the -8.6% it actually delivered over the last five years, so the price already assumes a step-up from the recent record.
Synthesised from PPG Industries, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
PPG Industries, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.27B | $14.75B | $15.37B | $15.15B | $13.83B | $16.80B | $17.65B | $18.25B | $15.85B | $15.88B |
| Gross profit | — | $6.54B | $6.37B | $6.49B | $6.06B | $6.52B | $7.68B | $8.57B | $6.59B | $6.56B |
| Net income | $873.00M | $1.59B | $1.34B | $1.24B | $1.06B | $1.44B | $1.03B | $1.27B | $1.12B | $1.58B |
| Net margin | 6.1% | 10.8% | 8.7% | 8.2% | 7.7% | 8.6% | 5.8% | 7.0% | 7.0% | 9.9% |
Source: PPG Industries, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
PPG Industries, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into PPG stock?
At today's market cap of $24.57B, PPG Industries, Inc. is priced for free-cash-flow growth of about 8.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.16B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -8.6%/yr over the last five fiscal years and revenue 2.8%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of PPG Industries, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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PPG Industries, Inc. financial history by metric
Compare PPG Industries, Inc. with peers
About PPG Industries, Inc.
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.
PPG Industries, Inc. — frequently asked questions
What is PPG Industries, Inc.'s revenue?
PPG Industries, Inc. (PPG) reported revenue of $15.88B for fiscal year 2025, up 0.2% from the prior year, according to its SEC filings.
Is PPG Industries, Inc. profitable?
Yes. PPG earned net income of $1.58B in fiscal 2025, a net margin of 9.9%.
What is PPG's P/E ratio?
PPG Industries, Inc. trades at a price-to-earnings ratio of about 15.9 based on the latest data in our nightly-refreshed cache.
How fast is PPG Industries, Inc. growing?
PPG's revenue grew at roughly 2.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does PPG Industries, Inc. have?
As of fiscal year 2025, PPG carried roughly $7.30B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is PPG Industries, Inc.'s gross margin?
PPG's gross margin was 41.3% in fiscal 2025 — gross profit of $6.56B on revenue of $15.88B.
What is PPG Industries, Inc.'s market cap?
PPG Industries, Inc. (PPG) has a market capitalization of about $24.57B, based on the latest data in our nightly-refreshed cache.
When does PPG Industries, Inc.'s fiscal year end?
PPG's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into PPG stock?
At today's market cap of $24.57B, PPG Industries, Inc. is priced for free-cash-flow growth of about 8.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.16B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -8.6%/yr over the last five fiscal years and revenue 2.8%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from PPG Industries, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.