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PPG Industries PPG Gross margin

Gross margin at other companies

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39.4%-1.6pp
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49%+0.1pp
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RPM InternationalRPM
41.4%+0.1pp
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Axalta Coating SystemsAXTA
34%-0.6pp
Ingevity logo
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39.3%+1.5pp
Dow logo
DowDOW
9.9%+2.1pp

Other financials

Income statement

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Revenue$4.5B+7.2%
Gross profit$1.8B+2.6%
Operating income$743.0M0.0%
Net income$437.0M-2.9%
EPS (diluted)$1.95-1.5%

Balance sheet

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Cash & equivalents$1.5B-2.6%
Total debt$6.8B+3.6%
Total equity$8.4B+11.4%
Total assets$22.5B+2.0%

Cash flow

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Operating cash flow$559.0M+44.4%
CapEx$113.0M-6.6%
Free cash flow$446.0M+67.7%

Valuation

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Market cap$24.57B+3.7%
Enterprise value$29.83B+4.0%
P/E15.6×
P/S1.5×-0.1×

Profitability

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Operating margin17.1%
Net margin9.6%
FCF margin8.6%+3.0pp

Returns & leverage

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Return on equity19.6%
Debt / equity0.8×-0.1×
Current ratio1.6×+0.2×

Where this comes from

Calculated from PPG Industries’s reported figures.

Based on trailing twelve months.

The source filing: PPG Industries’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 3:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000079879-26-000252

FAQ

What is PPG Industries's gross margin?
PPG Industries (PPG) reported gross margin of 40.9% in Q2 2026.
How has PPG Industries's gross margin changed year-over-year?
PPG Industries's gross margin increased by 0.1% year-over-year, from 40.9% to 40.9%.
What is the long-term trend for PPG Industries's gross margin?
Over 5 years (2020 to 2025), PPG Industries's gross margin has grown at a -1.2% compound annual growth rate (CAGR), from 43.8% to 41.3%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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