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PPG Industries PPG Net debt / EBITDA

Net debt / EBITDA at other companies

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1.3×+0.2×
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3.5×+0.5×
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2.6×-1.0×
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12.4×+12.4×
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2.1×-0.7×
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0.5×-0.4×

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 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 net debt / EBITDA?
PPG Industries (PPG) reported net debt / EBITDA of 1.8× in Q1 2026.
How has PPG Industries's net debt / EBITDA changed year-over-year?
PPG Industries's net debt / EBITDA increased by 11.3% year-over-year, from 1.6× to 1.8×.
What is the long-term trend for PPG Industries's net debt / EBITDA?
Over 4 years (2021 to 2025), PPG Industries's net debt / EBITDA has grown at a -4.8% compound annual growth rate (CAGR), from 8.4× to 6.9×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.