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Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

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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Gross margin40.9%+0.1pp
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.

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 net debt?
PPG Industries (PPG) reported net debt of $5.26B in Q2 2026.
How has PPG Industries's net debt changed year-over-year?
PPG Industries's net debt increased by 5.5% year-over-year, from $4.98B to $5.26B.
What is the long-term trend for PPG Industries's net debt?
Over 5 years (2020 to 2025), PPG Industries's net debt has grown at a 1.8% compound annual growth rate (CAGR), from $4.62B to $5.04B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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