CL vs PPG
Colgate Palmolive Co. and PPG Industries Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CL | PPG |
|---|---|---|
| Revenue | $20.4B | $15.9B |
| Net income | $2.1B | $1.6B |
| Gross margin | 60.1% | 41.3% |
| Net margin | 11.1% | 10.0% |
| Return on equity | · | 21.4% |
| Diluted EPS | $2.63 | $6.94 |
| Dividend / share | $2.08 | $2.78 |
| Payout ratio | · | 39.8% |
| Free cash flow | $3.6B | $1.2B |
| Equity | $54.0M | $7.9B |
| Net debt / equity | 124.04× | 0.65× |
| Current ratio | 0.83× | 1.62× |
| Revenue CAGR 5y | 4.4% | 2.8% |
| Profit CAGR 5y | −4.6% | 8.3% |
CL bills 1.3× the revenue of PPG, and keeps more of each dollar of revenue as profit (11.1% against 10.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CL | PPG |
|---|---|---|
| FY2025 | $20.4B | $15.9B |
| FY2024 | $20.1B | $15.8B |
| FY2023 | $19.5B | $16.2B |
| FY2022 | $18.0B | $15.6B |
| FY2021 | $17.4B | $16.8B |
| FY2020 | $16.5B | $13.8B |
| FY2019 | $15.7B | $15.1B |
| FY2018 | $15.5B | $15.4B |
| FY2017 | $15.5B | $14.7B |
| FY2016 | $15.2B | $14.3B |
Bottom line
| Fiscal year | CL | PPG |
|---|---|---|
| FY2025 | $2.1B | $1.6B |
| FY2024 | $2.9B | $1.1B |
| FY2023 | $2.3B | $1.3B |
| FY2022 | $1.8B | $1.0B |
| FY2021 | $2.2B | $1.4B |
| FY2020 | $2.7B | $1.1B |
| FY2019 | $2.4B | $1.2B |
| FY2018 | $2.4B | $1.3B |
| FY2017 | $2.0B | $1.6B |
| FY2016 | $2.4B | $873.0M |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$4,507,000,000 | CL |
| FY2024 | +$4,256,000,000 | CL |
| FY2023 | +$3,215,000,000 | CL |
| FY2022 | +$2,353,000,000 | CL |
| FY2021 | +$619,000,000 | CL |
| FY2020 | +$2,637,000,000 | CL |
| FY2019 | +$547,000,000 | CL |
| FY2018 | +$170,000,000 | CL |
| FY2017 | +$706,000,000 | CL |
| FY2016 | +$925,000,000 | CL |
| FY2015 | +$1,793,000,000 | CL |
| FY2014 | +$2,486,000,000 | CL |
| FY2013 | +$3,155,000,000 | CL |
| FY2012 | +$4,399,000,000 | CL |
| FY2011 | +$3,581,000,000 | CL |
| FY2010 | +$2,141,000,000 | CL |
| FY2009 | +$3,088,000,000 | CL |
| FY2008 | −$519,000,000 | PPG |
| FY2007 | +$1,570,000,000 | CL |
The higher-revenue side has changed between CL and PPG over this period. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +1.1 pp | CL |
| FY2024 | +7.9 pp | CL |
| FY2023 | +4.6 pp | CL |
| FY2022 | +4.2 pp | CL |
| FY2021 | +4.7 pp | CL |
| FY2020 | +9.6 pp | CL |
| FY2019 | +7.7 pp | CL |
| FY2018 | +7.6 pp | CL |
| FY2017 | +3.1 pp | CL |
| FY2016 | +10.7 pp | CL |
| FY2015 | −0.4 pp | PPG |
| FY2014 | −1.1 pp | PPG |
| FY2013 | −9.7 pp | PPG |
| FY2012 | +7.0 pp | CL |
| FY2011 | +6.0 pp | CL |
| FY2010 | +8.3 pp | CL |
| FY2009 | +12.2 pp | CL |
| FY2008 | +9.4 pp | CL |
| FY2007 | +5.6 pp | CL |
The higher net margin has changed hands between CL and PPG over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PPG's net margin has been more volatile than CL's over the 19 comparable fiscal years — 4.2 percentage points of standard deviation against 2.0.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CL and PPG over these 19 fiscal years — CL led in 16 and PPG in 3.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CL's return on equity has been more volatile than PPG's over the 12 comparable fiscal years — 216.5 percentage points of standard deviation against 16.2.
12 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
CL led in return on equity in every one of the 12 comparable fiscal years — a structural lead, not a recent swing.
12 of 19 comparable fiscal years — a year missing data on either side is not counted.