PPG INDUSTRIES INC PPG
Last close
112.53
2026-09-04
Market cap
$25.08B
2026-03-31 share count
52-week range
93.39 - 133.43
Valuation FY2025 figures against the last close
P/S1.6x
P/E16.2x
P/FCF21.6x
EV/EBITDA—
Dividend yield2.5%
Diluted EPS6.94
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.88B | $15.85B | $16.24B | $15.61B | $16.80B | $13.83B | $15.15B | $15.37B | $14.75B | $14.27B |
| Cost of revenue | $9.32B | $9.25B | $9.68B | $9.97B | $10.29B | $7.78B | $8.65B | $9.00B | $8.21B | — |
| Gross profit | $6.56B | $6.59B | $6.56B | $5.64B | $6.52B | $6.06B | $6.49B | $6.37B | $6.54B | — |
| R&D | $446.0M | $447.0M | $446.0M | $457.0M | $463.0M | $401.0M | $456.0M | $464.0M | $472.0M | $473.0M |
| SG&A | $3.44B | $3.39B | $3.40B | $3.04B | $3.78B | $3.39B | $3.60B | $3.57B | $3.55B | $3.56B |
| Operating income | — | — | $2.67B | $2.04B | $2.17B | $2.11B | $2.27B | $2.12B | $2.29B | $2.38B |
| Interest expense | $241.0M | $241.0M | $247.0M | $167.0M | $121.0M | $138.0M | $132.0M | $118.0M | $105.0M | $125.0M |
| Pre-tax income | $2.04B | $1.85B | $1.69B | $1.35B | $1.81B | $1.36B | $1.66B | $1.69B | $2.00B | $779.0M |
| Income tax | $458.0M | $475.0M | $428.0M | $320.0M | $374.0M | $291.0M | $392.0M | $353.0M | $615.0M | $214.0M |
| Net income | $1.58B | $1.12B | $1.27B | $1.03B | $1.44B | $1.06B | $1.24B | $1.34B | $1.59B | $873.0M |
| EPS, basic | 6.96 | 4.77 | 5.38 | 4.34 | 6.06 | 4.47 | 5.25 | 5.50 | 6.22 | 3.29 |
| EPS, diluted | 6.94 | 4.75 | 5.35 | 4.32 | 6.01 | 4.45 | 5.22 | 5.47 | 6.18 | 3.27 |
| Shares, diluted (wtd. avg.) | $227.1M | $234.9M | $237.2M | $237.3M | $239.4M | $237.9M | $238.2M | $245.4M | $257.8M | $267.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.16B | $1.27B | $1.49B | $1.08B | $992.0M | $1.83B | $1.22B | $902.0M | $1.44B | $1.82B |
| Short-term investments | $56.0M | $88.0M | $75.0M | $55.0M | $67.0M | $96.0M | $57.0M | $61.0M | $55.0M | $43.0M |
| Receivables | $2.78B | $2.48B | $2.62B | $2.82B | $2.69B | $2.41B | $2.48B | $2.50B | $2.56B | $2.29B |
| Inventory | $2.00B | $1.85B | $1.93B | $2.27B | $2.17B | $1.74B | $1.71B | $1.78B | $1.73B | $1.51B |
| Total current assets | $7.96B | $6.56B | $7.43B | $7.17B | $6.77B | $6.80B | $6.17B | $5.96B | $6.48B | $6.57B |
| Property, plant and equipment | $4.00B | $3.46B | $3.45B | $3.33B | $3.44B | $3.13B | $2.98B | $2.81B | $2.82B | $2.61B |
| Goodwill | $6.15B | $5.69B | $6.12B | $5.99B | $6.25B | $5.10B | $4.47B | $4.07B | $3.94B | $3.57B |
| Other intangibles | $1.97B | $1.92B | $2.26B | $2.41B | $2.78B | $2.35B | $2.13B | $1.97B | $2.04B | $1.98B |
| Total assets | $22.10B | $19.43B | $21.65B | $20.74B | $21.35B | $19.56B | $17.71B | $16.02B | $16.54B | $15.77B |
| Accounts payable | $3.96B | $3.73B | $4.16B | $4.09B | $4.39B | $3.79B | $3.50B | $3.62B | $3.78B | $3.46B |
| Short-term debt | $702.0M | $932.0M | $302.0M | $303.0M | $3.0M | $175.0M | $503.0M | $647.0M | $4.0M | $530.0M |
| Total current liabilities | $4.90B | $5.01B | $5.05B | $4.72B | $4.77B | $4.83B | $4.38B | $4.37B | $3.90B | $4.25B |
| Long-term debt | $6.60B | $4.88B | $5.75B | $6.50B | $6.57B | $5.17B | $4.54B | $4.37B | $4.13B | $3.79B |
| Total liabilities | $14.00B | $12.47B | $13.62B | $14.04B | $14.94B | $13.74B | $12.30B | $11.28B | $10.87B | $10.86B |
| Retained earnings | $22.94B | $21.99B | $21.50B | $20.83B | $20.37B | $19.47B | $18.91B | $18.13B | $17.14B | $15.98B |
| Total equity | $7.94B | $6.79B | $8.02B | $6.71B | $6.41B | $5.82B | $5.40B | $4.73B | $5.67B | $4.92B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.94B | $1.42B | $2.41B | $963.0M | $1.56B | $2.13B | $2.08B | $1.47B | $1.57B | $1.35B |
| Depreciation and amortisation | $403.0M | $360.0M | $360.0M | $357.0M | $389.0M | $371.0M | $375.0M | $354.0M | $331.0M | $319.0M |
| Stock-based compensation | $46.0M | $42.0M | $56.0M | $34.0M | $57.0M | $44.0M | $39.0M | $37.0M | $35.0M | $45.0M |
| Capital expenditure | $778.0M | $721.0M | $516.0M | $486.0M | $371.0M | $304.0M | $413.0M | $411.0M | $360.0M | $380.0M |
| Investing cash flow | -$700.0M | $107.0M | -$556.0M | -$461.0M | -$2.40B | -$1.45B | -$1.01B | -$764.0M | -$67.0M | $436.0M |
| Financing cash flow | -$545.0M | -$1.43B | -$1.55B | -$409.0M | $93.0M | -$59.0M | -$758.0M | -$1.21B | -$1.95B | -$1.21B |
| Dividends paid | $628.0M | $622.0M | $598.0M | $570.0M | $536.0M | $496.0M | $468.0M | $453.0M | $434.0M | $414.0M |
| Buybacks | $790.0M | $752.0M | $86.0M | $190.0M | $210.0M | $0 | $325.0M | $1.72B | $813.0M | $1.05B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000079879-26-000046.
Others in SIC 2851
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| RPM | RPM INTERNATIONAL INC/DE/ | $13.48B | 20.4x | 6.7% |
| AXTA | Axalta Coating Systems Ltd. | $7.66B | 20.6x | -3.0% |