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PPG (PPG Industries, Inc.) Stock Financials & Earnings | Market Cap Arena
PPG
PPG Industries, Inc.
Mkt Cap
$24B
Basic Materials
·
Chemicals - Specialty
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$15.9B
Net Income (TTM)
$1.6B
EPS (TTM)
$6.94
Free Cash Flow (TTM)
$577M
Gross Margin
40.5%
Op. Margin
12.7%
Net Margin
9.9%
FCF Margin
3.6%
P/S Ratio (TTM)
1.5x
P/E Ratio (TTM)
15.3x
YoY Rev Growth
+3.9%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$4.4B
$1.8B
$365M
Q2 23
$4.9B
$2.0B
$694M
Q3 23
$4.6B
$1.9B
$595M
Q4 23
$4.3B
$1.8B
$444M
Q1 24
$4.3B
$1.9B
$552M
Q2 24
$4.2B
$1.8B
$695M
Q3 24
$4.6B
$1.9B
$616M
Q4 24
$2.2B
$755M
$381M
Q1 25
$3.7B
$1.5B
$481M
Q2 25
$4.2B
$1.8B
$650M
Q3 25
$4.1B
$1.7B
$438M
Q4 25
$3.9B
$1.5B
$450M
marketcaparena.com
Revenue Breakdown
PPG
PPG Industries, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
1.4x
18.9x
Q2 23
1.3x
18.2x
Q3 23
1.3x
17.0x
Q4 23
1.3x
19.0x
Q1 24
1.3x
17.1x
Q2 24
1.4x
16.7x
Q3 24
1.4x
16.2x
Q4 24
1.6x
21.6x
Q1 25
1.6x
22.1x
Q2 25
1.6x
23.8x
Q3 25
1.7x
24.2x
Q4 25
1.5x
15.3x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$85M
-$35M
Q2 23
$536M
$414M
Q3 23
$892M
$753M
Q4 23
$898M
$730M
Q1 24
-$60M
-$316M
Q2 24
$365M
$250M
Q3 24
$769M
$613M
Q4 24
$346M
$148M
Q1 25
-$18M
-$227M
Q2 25
$387M
$266M
Q3 25
$685M
$538M
Q4 25
$0
$0
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$120M
Q2 23
$122M
Q3 23
$139M
Q4 23
$168M
Q1 24
$256M
Q2 24
$115M
Q3 24
$156M
Q4 24
$198M
Q1 25
$209M
Q2 25
$121M
Q3 25
$147M
Q4 25
$0
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+1.7%
+2.1%
Q2 23
+3.9%
-0.3%
Q3 23
+3.9%
+1.3%
Q4 23
+3.9%
+2.3%
Q1 24
-1.6%
-6.4%
Q2 24
-13.1%
-15.3%
Q3 24
-1.5%
-2.2%
Q4 24
-50.2%
-54.3%
Q1 25
-14.5%
-14.8%
Q2 25
-0.9%
+0.1%
Q3 25
-10.8%
-8.0%
Q4 25
+80.8%
+94.2%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$17M
0.4%
Q2 23
$17M
0.3%
Q3 23
$8M
0.2%
Q4 23
$17M
0.4%
Q1 24
$12M
0.3%
Q2 24
$10M
0.2%
Q3 24
$11M
0.2%
Q4 24
$10M
0.5%
Q1 25
$23M
0.6%
Q2 25
$13M
0.3%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
R&D
G&A
SG&A
Quarter
R&D
G&A
SG&A
Q1 23
$104M
$1.2B
—
Q2 23
$110M
$1.1B
—
Q3 23
$108M
$1.0B
—
Q4 23
$111M
$1.1B
—
Q1 24
$109M
$1.1B
—
Q2 24
$108M
$858M
—
Q3 24
$105M
$1.1B
—
Q4 24
$98M
$188M
—
Q1 25
$102M
$838M
—
Q2 25
$106M
$872M
—
Q3 25
$106M
$824M
—
Q4 25
$109M
—
$905M
marketcaparena.com
Revenue Segments
Industrial Coatings Segment
Performance Coatings Segment
Global Architectural Coatings Segment
Quarter
Industrial Coatings Segment
Performance Coatings Segment
Global Architectural Coatings Segment
Q1 23
$1.8B
$2.6B
—
Q2 23
$1.8B
$3.0B
—
Q3 23
$1.8B
$2.9B
—
Q4 23
$1.7B
$2.6B
—
Q1 24
$1.7B
$2.6B
—
Q3 24
$1.7B
$2.9B
—
Q1 25
$1.6B
$1.3B
$857M
Q2 25
$1.7B
$1.5B
$1.0B
Q3 25
$1.7B
$1.4B
$1.0B
marketcaparena.com
Revenue by Geography
Asia Pacific
Emea
Latin America
North America
Quarter
Asia Pacific
Emea
Latin America
North America
Q1 23
$647M
$1.4B
$529M
$1.8B
Q2 23
$736M
$1.5B
$557M
$2.1B
Q3 23
$733M
$1.4B
$577M
$1.9B
Q4 23
$758M
$1.3B
$605M
$1.7B
Q1 24
$656M
$1.4B
$554M
$1.7B
Q3 24
$751M
$1.4B
$529M
$1.9B
Q1 25
$647M
$1.3B
$481M
$1.3B
Q2 25
$727M
$1.4B
$539M
$1.5B
Q3 25
$768M
$1.4B
$565M
$1.4B
Q4 25
$795M
$1.3B
$613M
$1.2B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$1.4B
$56M
$1.5B
Q2 23
$1.2B
$68M
$1.3B
Q3 23
$1.2B
$64M
$1.3B
Q4 23
$1.5B
$75M
$1.6B
Q1 24
$1.2B
$54M
$1.2B
Q2 24
$1.1B
$61M
$1.2B
Q3 24
$1.3B
$71M
$1.3B
Q4 24
$1.3B
$88M
$1.4B
Q1 25
$1.8B
$63M
$1.9B
Q2 25
$1.6B
$64M
$1.6B
Q3 25
$1.8B
$76M
$1.9B
Q4 25
$2.2B
$56M
$2.2B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
237M
+0.1%
Q2 23
237M
+0.2%
Q3 23
238M
+0.1%
Q4 23
237M
-0.1%
Q1 24
237M
-0.2%
Q2 24
236M
-0.5%
Q3 24
234M
-0.6%
Q4 24
234M
+0.0%
Q1 25
229M
-2.3%
Q2 25
228M
-0.5%
Q3 25
227M
-0.5%
Q4 25
225M
-0.6%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$333K
44K
FY 15
$306K
47K
FY 16
$304K
47K
FY 17
$523K
28K
FY 18
$553K
28K
FY 19
$547K
28K
FY 20
$524K
26K
FY 21
$611K
28K
FY 22
$1M
16K
FY 23
$306K
53K
FY 24
$344K
46K
FY 25
$365K
44K
marketcaparena.com