What is PPG Industries's R&D?

PPG Industries (PPG) reported R&D of $107M in Q2 2026.

How has PPG Industries's R&D changed year-over-year?

PPG Industries's R&D increased by 0.9% year-over-year, from $106M to $107M.

What is the long-term trend for PPG Industries's R&D?

Over 4 years (2021 to 2025), PPG Industries's R&D has grown at a -0.9% compound annual growth rate (CAGR), from $439M to $423M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

PPG Industries PPG R&D

R&D at other companies

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$18M-10.0%

IngevityNGVT

$6.7M-4.3%

DowDOW

$207M+10.1%

GracoGGG

$19.83M-4.4%

Element SolutionsESI

$19.5M+20.4%

Cabot CorporationCBT

$14M-6.7%

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$26.53B+3.4%

Enterprise value$31.79B+3.7%

P/E16.9×—

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:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

The official record: PPG Industries’s 10-Q, filed July 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PPG Industries's R&D?: PPG Industries (PPG) reported R&D of $107M in Q2 2026.
How has PPG Industries's R&D changed year-over-year?: PPG Industries's R&D increased by 0.9% year-over-year, from $106M to $107M.
What is the long-term trend for PPG Industries's R&D?: Over 4 years (2021 to 2025), PPG Industries's R&D has grown at a -0.9% compound annual growth rate (CAGR), from $439M to $423M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.