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PPG Industries PPG Q4 2025 Annual earnings

Reported January 27, 2026 · After market close

Revenue$3.9BBeat by $133.7MDiluted EPS$1.51Miss by $0.07
Revenue estimate$3.8B
EPS estimate$1.58

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$3.9B+5.0%
Gross profit$1.6B+5.6%
Net income$300.0M—
EPS (diluted)$1.34—

Balance sheet

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Cash & equivalents$2.2B+70.3%
Total debt$7.2B+31.6%
Total equity$7.9B+17.0%
Total assets$22.1B+13.7%

Cash flow

See full
Operating cash flow$887.0M+156%
CapEx$301.0M+44.7%
Free cash flow$586.0M+325%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$22.99B-17.0%
Enterprise value$28.03B-12.2%
P/E14.6×—
P/S1.4×-0.3×

Profitability

See full
Gross margin41.3%-0.3pp
Net margin9.9%—
FCF margin7.3%+2.9pp

Returns & leverage

See full
Return on equity21.4%—
Debt / equity0.9×+0.1×
Current ratio1.6×+0.3×

Segments

By geography

See full
EMEA$1.3B+6.6%
Latin America$613.0M+12.5%

Versus estimates

Revenue

Q1 2026$3.9BBeat by $78.8M
Q4 2025$3.9BBeat by $133.7M
Q3 2025$4.1BBeat by $34.6MQ2 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 $0.05
Q4 2025$1.51Miss by $0.07
Q3 2025$2.13Beat by $0.03Q2 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 Q4 2025 earnings?
PPG Industries (PPG) reported Q4 2025 earnings on January 27, 2026 after market close.
What were PPG Industries's Q4 2025 revenue and EPS?
PPG Industries reported revenue of $3.9B and diluted EPS of $1.51 for Q4 2025.
Did PPG Industries beat estimates in Q4 2025?
Revenue beat the consensus estimate of $3.8B by $133.7M. EPS missed the consensus estimate of $1.58 by $0.07.
How did PPG Industries's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 80.8% from $2.2B a year earlier and diluted EPS declined 6.2% from $1.61.
Where can I find PPG Industries's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000079879-26-000025) and the 10-K periodic report (0000079879-26-000046) directly on SEC EDGAR. The filing index links above go to sec.gov.