Income StatementBalance SheetCash FlowSegments
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PPG Industries Business Segments

Business, geographic, and product segment breakdowns

PPG Industries generates $16.1B in annual revenue across 4 key segments: Global Architectural Coatings ($3.9B), Industrial Coatings ($6.8B), Industrial Coatings Segment ($6.5B), and Performance Coatings ($6.6B). The company-wide operating margin is 16.59%. Based on the Q1 2026 filing.

Global Architectural Coatings (TTM)$3.9BIndustrial Coatings (TTM)$6.8BIndustrial Coatings Segment (TTM)$6.5BPerformance Coatings (TTM)$6.6BPerformance Coatings Segment (TTM)$5.5B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$23.1B
P/E Ratio14.58
ROE21.09%

Products & Services

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue, percentage of total revenue—5.0%5.0%5.0%—5.0%

Geographic

Pre-Tax Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific$119.0M$104.5M$104.5M$104.5M$104.5M—
EMEA$154.3M$145.3M$145.3M$145.3M$145.3M—
Latin America$145.3M$130.5M$130.5M$130.5M$130.5M—
United States and Canada$259.8M$275.3M$275.3M$275.3M$275.3M—

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
EMEA$1.2B$1.3B$1.4B$1.4B$1.3B$1.4B
United States and Canada$1.2B$1.3B$1.5B$1.4B$1.2B$1.3B
Asia Pacific$772.0M$647.0M$727.0M$768.0M$795.0M$698.0M
Latin America$545.0M$481.0M$539.0M$565.0M$613.0M$547.0M

Property, plant and equipment, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific$693.0M———$698.0M—

Segment income (loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States and Canada—$273.0M$360.0M$261.0M—$268.0M
EMEA—$144.0M$163.0M$177.0M—$149.0M
Latin America—$103.0M$120.0M$136.0M—$139.0M
Asia Pacific—$87.0M$100.0M$115.0M—$80.0M

Lines of credit, current borrowing capacity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International Operations$480.0M———$436.0M—

Business Segments

Acquisitions, including purchase accounting adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Performance Coatings—————$44.0M
Global Architectural Coatings—————$0.0
Industrial Coatings—————$0.0

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Architectural Coatings$5.9B$6.3B$6.8B$6.8B$6.7B$6.8B
Performance Coatings Segment$5.6B$5.9B$6.3B$6.2B$5.5B$6.5B
Industrial Coatings Segment$5.2B$5.5B$5.7B$5.7B$6.2B$5.7B

Cost of sales, exclusive of depreciation and amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial Coatings—$1.0B$1.1B$1.1B—$1.1B
Performance Coatings—$675.0M$819.0M$821.0M—$695.0M
Global Architectural Coatings$439.0M$429.0M$498.0M$492.0M$472.0M$461.0M
Industrial Coatings Segment$1.1B$1.1B$1.1B$1.1B$1.1B—
Performance Coatings Segment$712.8M$763.8M$763.8M$763.8M$763.8M—

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial Coatings—$48.0M$49.0M$48.0M—$52.0M
Performance Coatings—$33.0M$33.0M$35.0M—$38.0M
Global Architectural Coatings—$26.0M$27.0M$29.0M—$29.0M

Depreciation And Amortization1

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Architectural Coatings$26.0M$27.3M$27.3M$27.3M$27.3M—
Industrial Coatings Segment$51.5M$48.0M$48.0M$48.0M$48.0M—
Performance Coatings Segment$33.0M$33.5M$33.5M$33.5M$33.5M—

Equity in undistributed earnings (losses) of subsidiaries

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Architectural Coatings—$1.0M$0.0$0.0—$1.0M
Performance Coatings—$1.0M$2.0M$1.0M—$1.0M
Industrial Coatings—$0.0$0.0$1.0M—$0.0

Equity Method Investments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Performance Coatings Segment$26.0M$26.0M$27.0M$28.0M$29.0M$29.0M
Global Architectural Coatings$20.0M$21.0M$23.0M$24.0M$24.0M$25.0M
Industrial Coatings Segment$20.0M$21.0M$21.0M$22.0M$22.0M$22.0M

Expenditures for property (including business acquisitions)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Architectural Coatings$160.0M———$126.0M—
Industrial Coatings Segment$247.0M———$245.0M—
Performance Coatings Segment$166.0M———$249.0M—

Expenditures for property, plant and equipment (including business acquisitions)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Performance Coatings—$51.0M$27.0M$41.0M—$161.0M
Industrial Coatings—$85.0M$32.0M$44.0M—$52.0M
Global Architectural Coatings—$38.0M$19.0M$25.0M—$32.0M

Foreign currency impact

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Architectural Coatings—$93.0M$185.0M$15.0M—-$23.0M
Industrial Coatings—$26.0M$52.0M——-$10.0M
Performance Coatings—$15.0M$51.0M——-$8.0M

Foreign currency impact and other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Architectural Coatings-$77.0M$93.0M———-$23.0M
Industrial Coatings Segment-$14.0M$19.8M$19.8M$19.8M$19.8M—
Performance Coatings Segment-$15.3M$15.0M$15.0M$15.0M$15.0M—

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Architectural Coatings$2.7B$2.8B$3.0B$3.0B$3.0B$3.0B
Performance Coatings$1.9B$1.9B$1.9B$1.9B$1.9B$2.0B
Industrial Coatings$1.1B$1.2B$1.2B$1.2B$1.2B$1.2B
Industrial Coatings Segment$1.1B———$1.2B—
Performance Coatings Segment$1.9B———$1.9B—

Pre-Tax Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Architectural Coatings$169.5M$149.8M$149.8M$149.8M$149.8M—
Industrial Coatings Segment$223.3M$218.8M$218.8M$218.8M$218.8M—
Performance Coatings Segment$285.5M$287.0M$287.0M$287.0M$287.0M—

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial Coatings—$1.6B$1.7B$1.7B—$1.6B
Performance Coatings—$1.3B$1.5B$1.4B—$1.3B
Global Architectural Coatings$881.0M$857.0M$1.0B$1.0B$951.0M$965.0M
Industrial Coatings Segment$1.7B$1.6B$1.6B$1.6B$1.6B—
Performance Coatings Segment$1.3B$1.4B$1.4B$1.4B$1.4B—

Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial Coatings—$61.0M$71.0M$64.0M—$64.0M
Performance Coatings—$27.0M$29.0M$22.0M—$36.0M
Global Architectural Coatings—$10.0M$25.0M$17.0M—$13.0M

Segment income (loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Performance Coatings—$274.0M$356.0M$272.0M—$288.0M
Industrial Coatings—$215.0M$227.0M$233.0M—$193.0M
Global Architectural Coatings—$118.0M$160.0M$184.0M—$155.0M

Segment reporting, other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Architectural Coatings$12.3M$16.0M$16.0M$16.0M$16.0M—
Industrial Coatings Segment$63.0M$66.5M$66.5M$66.5M$66.5M—
Performance Coatings Segment$23.8M$26.8M$26.8M$26.8M$26.8M—

SG&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Architectural Coatings$287.0M$274.0M$308.0M$290.0M$303.0M$307.0M
Performance Coatings—$256.0M$275.0M$264.0M—$277.0M
Industrial Coatings—$200.0M$205.0M$198.0M—$212.0M
Industrial Coatings Segment$209.5M$205.5M$205.5M$205.5M$205.5M—
Performance Coatings Segment$254.3M$267.3M$267.3M$267.3M$267.3M—

Share of net earnings of equity affiliates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Architectural Coatings$750.0K$250.0K$250.0K$250.0K$250.0K—
Industrial Coatings Segment$500.0K$250.0K$250.0K$250.0K$250.0K—
Performance Coatings Segment$1.3M$1.5M$1.5M$1.5M$1.5M—