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PPG Industries PPG Q3 2025 earnings

Reported October 28, 2025 · After market close

Revenue$4.1BBeat by $34.6MDiluted EPS$2.13Beat by $0.03
Revenue estimate$4.0B
EPS estimate$2.10

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$4.4B
EPS estimate$2.25

Financials

Q3 2025

Income statement

See full
Revenue$4.1B+1.2%
Gross profit$1.7B+0.3%
Operating income$689.0M0.0%
Net income$453.0M-3.2%
EPS (diluted)$2.000.0%

Balance sheet

See full
Cash & equivalents$1.8B+49.2%
Total debt$6.5B-6.1%
Total equity$7.8B+0.2%
Total assets$22.1B+1.3%

Cash flow

See full
Operating cash flow$685.0M-10.9%
CapEx$147.0M+0.7%
Free cash flow$538.0M-13.6%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$23.72B-23.6%
Enterprise value$28.41B-22.8%
P/S1.5×-0.6×

Profitability

See full
Gross margin41.3%0.0pp
FCF margin4.6%-4.6pp

Returns & leverage

See full
Debt / equity0.8×-0.1×
Current ratio1.5×-0.1×

Segments

By segment

See full
Industrial Coatings$1.7B+0.1%
Performance Coatings$1.4B+3.0%
Global Architectural Coatings$1.0B+0.8%

By geography

See full
EMEA$1.4B+0.7%
Asia Pacific$768.0M+2.4%
Latin America$565.0M+6.8%

Versus estimates

Revenue

Q1 2026$3.9BBeat by $78.8MQ4 2025$3.9BBeat by $133.7M
Q3 2025$4.1BBeat by $34.6M
Q2 2025$4.2BBeat by $31.3MQ1 2025$3.7BBeat by $23.8MQ4 2024$2.2BMiss by $1.9B

Diluted EPS

Q1 2026$1.83Beat by $0.05Q4 2025$1.51Miss by $0.07
Q3 2025$2.13Beat by $0.03
Q2 2025$2.22Miss by $0.01Q1 2025$1.72Beat by $0.10Q4 2024$1.61Miss by $0.03

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Questions, answered.

When did PPG Industries report Q3 2025 earnings?
PPG Industries (PPG) reported Q3 2025 earnings on October 28, 2025 after market close.
What were PPG Industries's Q3 2025 revenue and EPS?
PPG Industries reported revenue of $4.1B and diluted EPS of $2.13 for Q3 2025.
Did PPG Industries beat estimates in Q3 2025?
Revenue beat the consensus estimate of $4.0B by $34.6M. EPS beat the consensus estimate of $2.10 by $0.03.
How did PPG Industries's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 10.8% from $4.6B a year earlier and diluted EPS grew 0.0% from $2.13.
Where can I find PPG Industries's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0000079879-25-000311) directly on SEC EDGAR. The filing index links above go to sec.gov.