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PPG Industries PPG Gross margin

Gross margin at other companies

3M logo
3MMMM
39.7%-1.4pp
Sherwin-Williams logo
Sherwin-WilliamsSHW
49%+0.3pp
DuPont de Nemours, Inc. logo
DuPont de Nemours, Inc.DD
35%+1.4pp
Dow logo
DowDOW
6.4%-3.0pp
Nordson logo
NordsonNDSN
55.1%+0.3pp
Carpenter Technology logo
Carpenter TechnologyCRS
29.7%+4.2pp

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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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 gross margin?
PPG Industries (PPG) reported gross margin of 41.4% in Q1 2026.
How has PPG Industries's gross margin changed year-over-year?
PPG Industries's gross margin decreased by 0.0% year-over-year, from 41.4% to 41.4%.
What is the long-term trend for PPG Industries's gross margin?
Over 4 years (2021 to 2025), PPG Industries's gross margin has grown at a 0.0% compound annual growth rate (CAGR), from 165.3% to 165.3%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.