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PPG Industries PPG Debt-to-equity

Debt-to-equity at other companies

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3.5×+0.6×
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3.6×+0.1×
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0.2×-0.1×
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1.2×+1.1×
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0.6×-0.2×
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0.3×-0.1×

Other financials

Income statement

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Revenue$3.9B+6.7%
Gross profit$1.7B+7.3%
Operating income$636.0M+4.8%
Net income$382.0M+2.4%
EPS (diluted)$1.70+4.3%

Balance sheet

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Cash & equivalents$1.6B-14.0%
Total debt$7.0B+13.7%
Total equity$8.1B+17.0%
Total assets$22.2B+4.8%

Cash flow

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Operating cash flow$33.0M+283%
CapEx$196.0M-6.2%
Free cash flow-$163.0M+28.2%

Valuation

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Market cap$26.11B-3.6%
Enterprise value$31.58B+0.7%
P/E16.5×
P/S1.6×-0.1×

Profitability

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Gross margin41.4%0.0pp
Operating margin16.6%
Net margin9.8%

Returns & leverage

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Return on equity21.1%
Current ratio1.6×+0.3×

Where this comes from

Calculated from PPG Industries’s reported figures.

Based on the most recent quarter.

The official record: PPG Industries’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PPG Industries's debt-to-equity?
PPG Industries (PPG) reported debt-to-equity of 0.9× in Q1 2026.
How has PPG Industries's debt-to-equity changed year-over-year?
PPG Industries's debt-to-equity decreased by 2.8% year-over-year, from 0.9× to 0.9×.
What is the long-term trend for PPG Industries's debt-to-equity?
Over 4 years (2021 to 2025), PPG Industries's debt-to-equity has grown at a -6.4% compound annual growth rate (CAGR), from 4.6× to 3.5×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.