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PPG Industries PPG Net Operating Loss Carryforwards

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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$25.67B+6.8%
Enterprise value$30.93B+6.6%
P/E16.3×
P/S1.6×-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

Reported directly by PPG Industries in its filing.

Tagged under the XBRL concept us-gaap:OperatingLossCarryforwards.

The source filing: PPG Industries’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 1:16 PM EST
Fiscal year
FY2025
Accession
0000079879-26-000046
($ in millions)20252024Expiration
Available net operating loss carryforwards, tax effected:
Indefinite expiration$95$85NA
Definite expiration951502026-2045
Total$190$235
Income tax credit carryforwards$128$1122026-2035

Item 8. Financial Statements and Supplementary Data

FAQ

What is PPG Industries's net operating loss carryforwards?
PPG Industries (PPG) reported net operating loss carryforwards of $190M in Q4 2025.
How has PPG Industries's net operating loss carryforwards changed year-over-year?
PPG Industries's net operating loss carryforwards decreased by 19.1% year-over-year, from $235M to $190M.
What is the long-term trend for PPG Industries's net operating loss carryforwards?
Over 5 years (2020 to 2025), PPG Industries's net operating loss carryforwards has grown at a -0.3% compound annual growth rate (CAGR), from $193M to $190M.
What does net operating loss carryforwards mean?
These are tax assets representing losses that can be used to reduce taxable income in future periods. They provide a potential future tax shield, improving cash flow by lowering future tax payments. Investors monitor these to estimate the duration and magnitude of potential tax savings.

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