PPG Industries, Inc. PPG

Chemicals - Specialty, Basic Materials

$105.08

−1.35%

Market cap: $23.4B
PE: 15.1×; 10y median 23.9×
Forward PE
Price to sales: 1.4×
EV/EBIT: 11.7×
Revenue, 12 months: $16.4B; +5% on a year ago
Net margin: 9.6%
Free cash flow yield: 6.0%

PPG Industries trades at 15.1× trailing earnings, cheaper than 99% of the last ten years. Revenue was $16.4B over the last twelve months, up 5% on a year earlier with a 10% net margin.

Charts

Financials

Income statement for PPG, by quarter
Income statement	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$2.3B	$3.8B	$4.2B	$4B	$3.7B+59%	$3.7B−4%	$4.2B−1%	$4.1B+1%	$3.9B+5%	$3.9B+7%	$4.5B+7%
Cost of revenue	$1.5B	$2.2B	$2.5B	$2.4B	$2.2B+51%	$2.1B−3%	$2.4B−1%	$2.4B+2%	$2.3B+5%	$2.3B+6%	$2.7B+11%
Gross profit	$882M	$1.6B	$1.8B	$1.7B	$1.5B+72%	$1.5B−6%	$1.8B−1%	$1.7B+0%	$1.6B+6%	$1.7B+7%	$1.8B+3%
R&D	$124M	$107M	$108M	$102M	$130M+5%	$102M−5%	$106M−2%	$106M+4%	$132M+2%	$113M+11%	$107M+1%
SG&A	$293M	$850M	$858M	$848M	$835M+185%	$838M−1%	$872M+2%	$824M−3%	$905M+8%	$885M+6%	$931M+7%
	$444M	$552M	$695M	$616M	$381M−14%	$481M−13%	$650M−7%	$438M−29%	—	$525M+9%	$743M+14%
Interest expense	$57M	$55M	$62M	$67M	$57M+0%	$56M+2%	$62M+0%	$65M−3%	$58M+2%	$61M+9%	$71M+15%
Pre-tax income	$134M	$542M	$651M	$578M	$81M−40%	$502M−7%	$598M−8%	$556M−4%	$389M+380%	$517M+3%	$569M−5%
	$78M	$128M	$156M	$137M	$53M−32%	$122M−5%	$140M−10%	$118M−14%	$78M+47%	$132M+8%	$127M−9%
Net income	$90M	$400M	$528M	$468M	−$280M	$373M−7%	$450M−15%	$453M−3%	$300M	$382M+2%	$437M−3%
	$0.38	$1.69	$2.24	$2.00	−$1.20	$1.63−4%	$1.98−12%	$2.00+0%	$1.33	$1.70+4%	$1.95−2%
	237.3M	236.9M	235.7M	234.3M	234.3M−1%	228.9M−3%	227.7M−3%	226.5M−3%	225.2M−4%	224.4M−2%	223.9M−2%

From each company's 10-Q and 10-K filings. Fiscal years are four fiscal quarters added up; balance sheet lines are as of the period's end. Growth is on the same period a year earlier.

Estimates

Next earnings report: Oct 27, 2026.

Analyst consensus for the next eight quarters, with the range from the lowest to the highest estimate, is part of Superworth Pro.

Peers

Companies in Chemicals - Specialty within ten times PPG Industries's size, closest in size first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
PPGPPG Industries, Inc.	$23.4B	15.1×	23.9×	1.4×	+5%	9.6%
IFFInternational Flavors & Fragrances Inc.	$21.5B	77.2×	36.5×	2.2×	−12%	2.8%
SHWThe Sherwin-Williams Company	$76.5B	29.0×	33.3×	3.1×	+6%	11.0%
ECLEcolab Inc.	$78B	37.3×	37.3×	4.6×	+7%	12.6%
LINLinde plc	$223.1B	31.3×	34.8×	6.3×	+7%	20.4%
Peer median	$77.2B	34.3×	35.6×	3.9×	+6%	11.8%

About

Industry: Chemicals - Specialty
Sector: Basic Materials

Valuation data, not investment advice. Prices as of Oct 7, 2026.

Income statement

$2.3B

$3.8B

$4.2B

$4B

$3.7B+59%

$3.7B−4%

$4.2B−1%

$4.1B+1%

$3.9B+5%

$3.9B+7%

$4.5B+7%

Cost of revenue

$1.5B

$2.2B

$2.5B

$2.4B

$2.2B+51%

$2.1B−3%

$2.4B−1%

$2.4B+2%

$2.3B+5%

$2.3B+6%

$2.7B+11%

Gross profit

$882M

$1.6B

$1.8B

$1.7B

$1.5B+72%

$1.5B−6%

$1.8B−1%

$1.7B+0%

$1.6B+6%

$1.7B+7%

$1.8B+3%

R&D

$124M

$107M

$108M

$102M

$130M+5%

$102M−5%

$106M−2%

$106M+4%

$132M+2%

$113M+11%

$107M+1%

SG&A

$293M

$850M

$858M

$848M

$835M+185%

$838M−1%

$872M+2%

$824M−3%

$905M+8%

$885M+6%

$931M+7%

$444M

$552M

$695M

$616M

$381M−14%

$481M−13%

$650M−7%

$438M−29%

—

$525M+9%

$743M+14%

Interest expense

$57M

$55M

$62M

$67M

$57M+0%

$56M+2%

$62M+0%

$65M−3%

$58M+2%

$61M+9%

$71M+15%

Pre-tax income

$134M

$542M

$651M

$578M

$81M−40%

$502M−7%

$598M−8%

$556M−4%

$389M+380%

$517M+3%

$569M−5%

$78M

$128M

$156M

$137M

$53M−32%

$122M−5%

$140M−10%

$118M−14%

$78M+47%

$132M+8%

$127M−9%

Net income

$90M

$400M

$528M

$468M

−$280M

$373M−7%

$450M−15%

$453M−3%

$300M

$382M+2%

$437M−3%

$0.38

$1.69

$2.24

$2.00

−$1.20

$1.63−4%

$1.98−12%

$2.00+0%

$1.33

$1.70+4%

$1.95−2%

237.3M

236.9M

235.7M

234.3M

234.3M−1%

228.9M−3%

227.7M−3%

226.5M−3%

225.2M−4%

224.4M−2%

223.9M−2%

Company

Market cap

Its 10y median PE

Fwd PE

P/S

Revenue growth

Net margin

PPGPPG Industries, Inc.

$23.4B

15.1×

23.9×

1.4×

+5%

9.6%

IFFInternational Flavors & Fragrances Inc.

$21.5B

77.2×

36.5×

2.2×

−12%

2.8%

SHWThe Sherwin-Williams Company

$76.5B

29.0×

33.3×

3.1×

+6%

11.0%

ECLEcolab Inc.

$78B

37.3×

4.6×

+7%

12.6%

LINLinde plc

$223.1B

31.3×

34.8×

6.3×

+7%

20.4%

Peer median

$77.2B

34.3×

35.6×

3.9×

+6%

11.8%