PPG Industries (PPG): financials, SEC filings and peers
PPG Industries (PPG) is a specialty chemicals company in the Materials sector of the S&P 500, headquartered in Pittsburgh, Pennsylvania.
It was founded in 1883 and joined the S&P 500 on March 4, 1957.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Paints, Varnishes, Lacquers, Enamels & Allied Prods”.
PPG Industries at a glance
- Revenue (12 months)
- $16.1B
- Revenue growth
- +2.8%
- Operating margin
- 12.8%
- Net income (12 months)
- $1.6B
- Free cash flow (12 months)
- $1.2B
- Cash
- $1.6B
- Debt
- $7.1B
- Diluted EPS (12 months)
- $7.02
Twelve months to March 31, 2026, from the 10-Q filed April 29, 2026.
Latest twelve months
Over the twelve months to March 31, 2026, PPG Industries reported revenue of $16.1 billion, about the same as a year earlier (+2.8%).
Its operating margin was 12.8%, up 1.2 percentage points from a year earlier: for every $100 of sales, about $13 was left as operating profit.
Net income was $1.6 billion (9.8% of revenue), 45.5% higher than a year earlier.
Operating cash flow was $2.0 billion and capital spending $765 million, leaving free cash flow of $1.2 billion (7.6% of revenue).
At the end of the period it held $1.6 billion in cash and $7.1 billion in debt, a net debt position of $5.6 billion.
The diluted share count fell 2.0% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $13.8 billion in fiscal 2020 to $15.9 billion in fiscal 2025, about 2.8% a year.
- Operating margin has been steady, around 16.5%.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $16.8B | $15.6B | $16.2B | $15.8B | $15.9B |
| Revenue growth | 21.5% | -7.1% | 4.0% | -2.4% | 0.2% |
| Operating margin | 12.9% | 13.1% | 16.5% | — | — |
| Net income | $1.4B | $1.0B | $1.3B | $1.1B | $1.6B |
| Free cash flow | $1.2B | $477M | $1.9B | $699M | $1.2B |
| Diluted EPS | $6.01 | $4.32 | $5.35 | $4.75 | $6.94 |
Fiscal years as reported in PPG Industries’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
Companies like PPG Industries
Other S&P 500 companies in Specialty Chemicals:
- ALBAlbemarle CorporationCharlotte, North Carolina
- ECLEcolabSaint Paul, Minnesota
- IFFInternational Flavors & FragrancesNew York City, New York
- LYBLyondellBasellRotterdam, Netherlands
- SHWSherwin-WilliamsCleveland, Ohio
More from Materials
- APDAir ProductsIndustrial Gases
- AMCRAmcorPaper & Plastic Packaging Products & Materials
- AVYAvery DennisonPaper & Plastic Packaging Products & Materials
- BALLBall CorporationMetal, Glass & Plastic Containers
- CFCF IndustriesFertilizers & Agricultural Chemicals
- CTVACortevaFertilizers & Agricultural Chemicals
Questions about PPG Industries
Is PPG Industries's revenue growing?
Yes. Revenue for the twelve months to March 31, 2026 was $16.1 billion, up 2.8% from a year earlier, according to its SEC filings.
Is PPG Industries profitable?
Yes. It earned $1.6 billion in net income over the twelve months to March 31, 2026, a net margin of 9.8%.
Does PPG Industries have more cash or more debt?
At March 31, 2026 it had $1.6 billion in cash and $7.1 billion in debt, so more debt than cash.
When did PPG Industries last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 29, 2026.
Which companies are similar to PPG Industries?
In the S&P 500, PPG Industries is grouped in Specialty Chemicals within the Materials sector. Albemarle Corporation (ALB), Ecolab (ECL), International Flavors & Fragrances (IFF), LyondellBasell (LYB), Sherwin-Williams (SHW) are in the same group.
Understand the numbers
Source: PPG Industries’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.