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NYSE · PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODS · LARGE CAP

PPG Industries Inc. PPG

19 fiscal years on record · USD · FY2025 reported · SEC filings only
12 YEARS OF DIVIDEND GROWTH
$15.9B
▲ 0.2% YoY
$1.6B
▲ 41.2% YoY
$1.2B
▲ 66.4% YoY
In brief

What this company does

PPG Industries, Inc. manufactures and distributes a broad range of paints, coatings and specialty products. As of December 31, 2025, PPG employed approximately 43,500 people, of which approximately 11,000 were in the United States and approximately 32,500 were elsewhere in the world. PPG's business is comprised of three reportable business segments: Global Architectural Coatings, Performance Coatings and Industrial Coatings. Its Global Architectural Coatings segment primarily supplies decorative coatings, adhesives, sealants and finishes along with paint strippers, stains and related chemicals. Its Performance Coatings segment primarily supplies protective coatings, adhesives, sealants and finishes along with pavement marking products and related chemicals, transparencies and paint films. Its Industrial Coatings segment primarily supplies protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, low-friction coatings and other specialty products. PPG was incorporated in Pennsylvania in 1883.

Written from the business description in PPG INDUSTRIES INC's annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth
USD 15.9B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 15.9 · Net income 1.6
8B16B2007201020132016201920222025
Compound annual growth
+0.6%
+2.8%
+1.1%
+1.1%
+15.4%
+8.3%
+1.1%
+4.9%
+17.1%
+9.3%
+3.0%
+4.7%
+5.8%
+7.0%
+23.2%
+23.0%
+2.6%
+3.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.8% a year over five years — but profit grew faster: net income at +8.3%, earnings per share at +9.3%.

The share count fell from 0.24B to 0.22B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
10 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 12.9% · Net 10.0%
10%20%2007201020132016201920222025
ROE
FY2025 · ROE 21.4%
20%40%60%2007201020132016201920222025
Gross margin41.3%
Operating margin12.9%
Net margin10.0%
Return on assets7.7%
EBITDAUSD 2.4B

Each USD of equity produced 21 cents of profit this year.

Cash & shareholders
USD 1.4B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.2
0.8B1.6B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.6 · Net buybacks 0.8
0.8B1.6BDividendsNet buybacks2007201020132016201920222025
Dividends paidUSD 628.0M
Net buybacksUSD 770.0M
Share of profit88.7%
Consecutive raises12 years (since the 2013 share-count change)

USD 628.0M in dividends and USD 770.0M in buybacks — 89% of the year's profit went back to shareholders.

Total assetsUSD 22.1B
EquityUSD 7.9B
CashUSD 2.2B
Gross debtUSD 7.3B
Net debtUSD 5.1B
Current ratio1.62×

Net debt stands at 65% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B15.915.816.215.616.813.815.115.414.714.314.214.814.312.713.213.412.215.812.2
Operating income $B2.01.91.71.42.22.12.32.12.32.42.32.21.91.61.71.71.2··
EBITDA $B2.42.22.01.72.62.52.62.52.62.72.62.52.31.92.02.11.5··
Income tax $B0.50.50.40.30.40.30.40.40.60.20.40.20.30.10.30.40.20.30.4
Net income $B1.61.11.31.01.41.11.21.31.60.91.42.13.20.91.10.80.30.50.8
Free cash flow $B1.20.71.90.51.21.81.71.11.21.01.51.01.31.51.11.01.11.10.7
EPS, diluted $6.944.755.354.326.014.455.225.476.183.275.147.5211.136.066.874.632.033.255.03
Dividend / sh $2.782.662.542.422.262.101.981.861.701.561.411.311.212.342.262.182.132.09·
Payout %405647563747383427472717113832471056440
ROE %21.415.317.615.924.019.325.126.330.717.827.741.671.825.731.820.89.516.1·
Shares out B0.220.230.240.240.240.240.240.240.250.260.270.270.280.310.150.160.170.160.16

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

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Provenance
Company facts, as filed
How we verify · 0 failures in 73 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 13 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPaints, Varnishes, Lacquers, Enamels & Allied Prods
Listed onNYSE
Incorporated inPennsylvania
Fiscal year endsDecember 31
Data on record since2007

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