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PPG Industries PPG Return on invested capital

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12.9%-2.0pp
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-0.4%-1.5pp

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.

Based on trailing twelve months.

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 return on invested capital?
PPG Industries (PPG) reported return on invested capital of 14.9% in Q2 2026.
How has PPG Industries's return on invested capital changed year-over-year?
PPG Industries's return on invested capital increased by 22.0% year-over-year, from 12.2% to 14.9%.
What is the long-term trend for PPG Industries's return on invested capital?
Over 5 years (2020 to 2025), PPG Industries's return on invested capital has grown at a 1.2% compound annual growth rate (CAGR), from 15.2% to 16.1%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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