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PPG Industries PPG Free cash flow margin

Free cash flow margin at other companies

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12.1%+2.7pp
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6.4%+0.7pp
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5.7%-2.6pp
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Carpenter TechnologyCRS
13.5%+5.6pp

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%
Debt / equity0.9×0.0×
Current ratio1.6×+0.3×

Where this comes from

Calculated from PPG Industries’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
PPG Industries (PPG) reported free cash flow margin of 7.6% in Q1 2026.
How has PPG Industries's free cash flow margin changed year-over-year?
PPG Industries's free cash flow margin increased by 52.2% year-over-year, from 5% to 7.6%.
What is the long-term trend for PPG Industries's free cash flow margin?
Over 4 years (2021 to 2025), PPG Industries's free cash flow margin has grown at a -15.9% compound annual growth rate (CAGR), from 43.9% to 22%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.