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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $15.9B | $2.8B | $1.6B | $1.2B | 19.8% | 0.2% | 41.2% |
| 2024 | $15.8B | $2.6B | $1.1B | $699M | 16.4% | -2.4% | -12.1% |
| 2023 | $16.2B | $2.5B | $1.3B | $1.9B | 16.2% | 4.0% | 23.8% |
| 2022 | $15.6B | $2.0B | $1.0B | $477M | 15.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 15,614 | 16,242 | 15,845 | 15,875 |
| Cost Of Revenue | - | 9,975 | 9,678 | 9,252 | 9,316 |
| Gross Profit | - | 5,639 | 6,564 | 6,593 | 6,559 |
| Operating Expense | - | 3,973 | 4,529 | 4,306 | 4,390 |
| Operating Income | - | 1,666 | 2,035 | 2,287 | 2,169 |
| EBITDA | - | 2,024 | 2,451 | 2,585 | 2,814 |
| EBIT | - | 1,522 | 1,937 | 2,093 | 2,286 |
| Pretax Income | - | 1,355 | 1,690 | 1,852 | 2,045 |
| Tax Provision | - | 320 | 428 | 475 | 458 |
| Net Income | - | 1,026 | 1,270 | 1,116 | 1,576 |
| Net Income Common Stockholders | - | 1,026 | 1,270 | 1,116 | 1,576 |
| Total Expenses | - | 13,948 | 14,207 | 13,558 | 13,706 |
| Interest Expense | - | 167 | 247 | 241 | 241 |
| Interest Income | - | 54 | 140 | 177 | 153 |
| Research And Development | - | 434 | 424 | 423 | 423 |
| Selling General And Administration | - | 3,037 | 3,591 | 3,391 | 3,439 |
| Normalized EBITDA | - | 2,284 | 2,616 | 2,941 | 2,808 |
| Normalized Income | - | 1,205.64 | 1,346.26 | 1,608.69 | 1,566.34 |
| Market Cap | 24,573.09 | 24,573.09 | 24,573.09 | 24,573.09 | 24,573.09 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| PPG Industries, Inc.this co. | PPG | $24.9B | 15.59β discount | 3.09 | 19.8% | 10.77 |
| CRH plc | CRH | $79.4B | 21.14 | 3.28 | 15.5% | 12.16 |
| Ecolab Inc. | ECL | $76.3B | 36.67 | 7.79 | 21.2% | 22.05 |
| Corteva, Inc. | CTVA | $54.6B | 48.97 | 2.22 | 4.5% | 16.81 |
| Nucor Corporation | NUE | $49.6B | 27.98 | 2.33 |
| - |
| - |
| - |
| - |
| - |
| 8.3% |
| 12.72 |
| Vulcan Materials Company | VMC | $38.5B | 35.42 | 4.47 | 12.6% | 18.17 |
| Martin Marietta Materials, Inc. | MLM | $37.2B | 32.64 | 3.70 | 11.3% | 20.42 |
| Steel Dynamics, Inc. | STLD | $33.5B | 27.71 | 3.67 | 13.2% | 17.17 |
| CF Industries Holdings, Inc. | CF | $19.6B | 12.77 | 3.84 | 30.1% | 6.16 |
| Peer Median | - | 30.31 | 3.68 | 12.9% | 16.99 | |