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PPG Industries PPG Outstanding letters of credit and surety bonds

Outstanding letters of credit and surety bonds at other companies

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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$636.0M+4.8%
Net income$437.0M-2.9%
EPS (diluted)$1.96-1.0%

Balance sheet

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Cash & equivalents$1.5B-2.6%
Total debt$7.0B+7.3%
Total equity$8.1B+17.0%
Total assets$22.2B+4.8%

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$25.86B0.0%
Enterprise value$31.32B+1.6%
P/E16.5×
P/S1.6×-0.1×

Profitability

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Gross margin40.9%-0.5pp
Net margin9.6%
FCF margin8.6%+3.5pp

Returns & leverage

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Return on equity21.1%
Debt / equity0.9×0.0×
Current ratio1.6×+0.2×

Where this comes from

Reported directly by PPG Industries in its filing.

Tagged under the XBRL concept ppg:LettersOfCreditSuretyBondsAndOtherArrangements.

The official record: PPG Industries’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PPG Industries's outstanding letters of credit and surety bonds?
PPG Industries (PPG) reported outstanding letters of credit and surety bonds of $272M in Q4 2025.
How has PPG Industries's outstanding letters of credit and surety bonds changed year-over-year?
PPG Industries's outstanding letters of credit and surety bonds decreased by 9.9% year-over-year, from $302M to $272M.
What is the long-term trend for PPG Industries's outstanding letters of credit and surety bonds?
Over 5 years (2020 to 2025), PPG Industries's outstanding letters of credit and surety bonds has grown at a 15.2% compound annual growth rate (CAGR), from $134M to $272M.
What does outstanding letters of credit and surety bonds mean?
This represents the total value of off-balance-sheet financial guarantees, including letters of credit and surety bonds, provided by the company. These instruments are often required for operational activities, such as international trade or construction projects. They represent contingent liabilities that could become actual obligations if specific conditions are met.