PPG Industries, Inc. logo PPG - PPG Industries, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 20
HOLD 16
SELL 2
STRONG
SELL 0
| PRICE TARGET: $127.67 DETAILS
HIGH: $135.00
LOW: $119.00
MEDIAN: $129.00
CONSENSUS: $127.67
UPSIDE: 18.45%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 15,875 15,845 16,242 15,614 16,802 13,834 15,146 15,374 14,748 14,270 14,241 14,791 14,265 12,686 13,153 13,423 12,239 15,849 12,220 9,861 9,028 9,513 8,756 8,067 8,169 8,629 7,995 7,751 7,379 7,218 7,058 6,331.2 5,753.9
Cost of Revenue 9,844 9,252 9,678 9,975 10,286 7,777 8,653 9,001 8,209 7,665 7,786 8,348 8,314 7,599 7,865 8,214 7,539 10,155 7,828 6,153 5,597 5,999 5,521 5,066 5,137 5,334 4,957 4,717 4,397 4,340 4,212 3,865.5 3,614.2
Gross Profit 6,031 6,593 6,564 5,639 6,516 6,057 6,493 6,373 6,539 6,605 6,455 6,443 5,951 5,087 5,288 5,209 4,700 5,694 4,392 3,708 3,431 3,514 3,235 3,001 3,032 3,295 3,038 3,034 2,982 2,878 2,846 2,465.7 2,139.7
Operating Expenses
R&D Expenses 423 423 424 434 439 379 432 441 451 453 466 483 463 430 428 394 388 451 348 305 294 303 290 273 266 282 284 271 250 239 236 218.1 0
SG&A Expenses 3,439 3,391 3,591 3,037 3,830 3,389 3,604 3,573 3,614 4,523 3,584 3,696 3,486 2,987 3,122 2,979 2,936 3,432 2,310 1,833 1,628 1,715 1,578 1,419 1,395 1,364 1,230 1,133 1,068 1,004 977 919 1,072.9
Other Expenses 0 492 514 502 561 509 511 497 460 440 446 450 452 399 425 470 493 567 427 341 325 388 394 398 447 447 415 381 348 340 332 317.5 350.2
Operating Expenses 3,862 4,306 4,529 3,973 4,830 4,277 4,547 4,511 4,525 5,416 4,496 4,629 4,401 3,816 3,975 3,843 3,817 4,450 3,085 2,479 2,247 2,406 2,262 2,090 2,108 2,093 1,929 1,785 1,666 1,583 1,545 1,454.6 1,423.1
Operating Income
Operating Income 2,169 2,287 2,035 1,666 1,686 1,780 1,946 1,862 2,014 1,189 1,959 1,814 1,550 1,271 1,313 1,366 883 1,244 1,307 1,229 1,184 1,108 973 911 924 1,202 1,109 1,249 1,316 1,295 1,301 1,011.1 716.6
Interest Expense 241 241 247 167 121 138 132 118 105 125 126 83 196 210 210 189 193 254 93 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 153 177 140 54 26 23 32 23 20 26 40 50 43 39 42 34 28 26 20 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 2,814 2,585 2,451 2,024 2,497 2,009 2,304 2,308 2,570 1,344 2,316 1,983 1,874 1,437 1,857 1,954 1,290 1,725 1,811 1,609 1,556 1,496 1,367 1,309 1,371 1,649 1,528 1,632 1,689 1,658 1,653 1,346.3 1,066.8
EBIT 2,286 2,093 1,937 1,522 1,936 1,500 1,793 1,811 2,110 904 1,870 1,533 1,422 1,038 1,432 1,484 810 1,162 1,408 1,229 1,184 1,108 973 911 924 1,202 1,109 1,249 1,316 1,295 1,301 1,011.1 716.6
Income Before Tax 2,045 1,852 1,690 1,355 1,815 1,362 1,661 1,693 2,005 779 1,745 1,346 1,226 828 1,222 1,295 617 908 1,315 962 880 1,063 843 (28) 634 989 945 1,267 1,149 1,215 1,248 839.8 531.2
Income Tax Expense 458 475 428 320 374 291 392 353 615 214 413 237 253 148 260 415 191 284 383 241 255 322 293 (7) 247 369 377 466 435 471 480 325.2 236.2
Net Income 1,576 1,116 1,270 1,026 1,439 1,059 1,243 1,341 1,594 873 1,406 2,102 3,231 941 1,095 769 336 538 834 711 596 683 494 (69) 387 620 568 801 714 744 768 514.6 22.2
Per Share Data
EPS (Basic) 6.96 4.77 5.38 4.35 6.06 4.47 5.25 5.50 6.22 3.30 5.18 7.60 11.27 3.07 3.48 2.34 1.02 1.64 2.54 2.15 1.76 1.99 1.46 -0.20 1.15 1.80 1.64 2.26 1.99 1.98 1.90 1.22 0.05
EPS (Diluted) 6.92 4.75 5.35 4.32 6.01 4.45 5.22 5.46 6.18 3.28 5.14 7.52 11.14 3.03 3.44 2.32 1.01 1.63 2.52 2.13 1.75 1.98 1.45 -0.20 1.15 1.79 1.62 2.24 1.97 1.97 1.89 1.22 0.05
Shares Outstanding 226.3 233.8 236 236.1 237.6 236.8 236.9 243.9 256.1 265.6 271.4 276.6 286.8 306.8 314.6 329 329.6 329.2 329 331.5 339.6 343.2 339.5 336.6 336.5 344.4 347.4 354.4 359.7 375.6 404 423.8 444
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 2,163 1,270 1,493 1,099 1,005 1,826 1,216 902 1,436 1,820 1,057 1,021 709 499 117 108 111 158 128 129 69.6 105.6 62.1 111.9
Short-Term Investments 56 88 75 55 67 96 57 61 55 43 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 3,336 2,985 3,007 3,303 3,152 2,726 2,756 2,845 2,903 2,654 2,628 2,804 1,797 1,631 1,486 1,416 1,563 1,594 1,366 1,353 1,226 1,245 1,228.9 996.7
Inventory 1,996 1,846 1,934 2,272 2,171 1,735 1,710 1,783 1,730 1,514 1,548 1,702 1,076 997 942 904 1,121 1,016 917 863 797 738 686.4 683.3
Other Current Assets 408 368 922 444 379 415 431 370 353 543 741 821 472 410 400 275 298 294 249 239 203 187 190.8 234
Total Current Assets 7,959 6,557 7,431 7,173 6,774 6,798 6,170 5,961 6,477 6,574 5,981 6,348 4,054 3,537 2,945 2,703 3,093 3,062 2,660 2,584 2,296 2,276 2,168.2 2,025.9
Non-Current Assets
Property, Plant & Equipment 0 4,061 4,021 4,157 4,333 3,974 3,765 2,805 2,824 2,608 2,754 2,798 2,471 2,566 2,632 2,752 2,941 2,933 2,905 2,855 2,913 2,835 2,742.3 2,787.3
Goodwill 0 5,690 6,115 6,078 6,248 5,102 4,470 4,070 3,942 3,572 2,784 2,641 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 1,922 2,261 2,414 2,783 2,351 2,131 1,972 2,045 1,983 1,416 1,472 1,713 1,652 1,561 1,542 1,648 1,662 724 0 0 0 0 0
Long-Term Investments 0 331 254 244 274 267 258 251 268 179 499 509 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 0 569 1,293 583 742 685 694 727 677 669 806 930 694 669 725 1,455 1,443 1,257 1,098 1,429 1,232 1,083 983.4 838.3
Total Non-Current Assets 0 12,876 14,216 13,571 14,577 12,758 11,538 10,054 10,061 9,197 8,259 8,350 4,878 4,887 4,918 5,749 6,032 5,852 4,727 4,284 4,145 3,918 3,725.7 3,625.6
Total Assets 7,959 19,433 21,647 20,744 21,351 19,556 17,708 16,015 16,538 15,771 14,240 14,698 8,932 8,424 7,863 8,452 9,125 8,914 7,387 6,868 6,441 6,194 5,893.9 5,651.5
Current Liabilities
Account Payables 3,957 3,035 3,307 3,472 3,735 3,156 2,910 3,007 3,162 2,799 1,384 1,402 1,651 1,504 1,378 1,259 764 755 630 646 602 583 517.8 921.2
Short-Term Debt 844 939 306 313 9 578 513 651 12 629 272 903 166 327 352 696 1,161 954 637 444 648 485 370.7 355.1
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 99 294 555 215 260 366 281 179 180 288 657 583 404 308 190 (649) 0 0 0 8 15 41 19.4 4.7
Total Current Liabilities 4,900 5,014 5,054 4,721 4,766 4,831 4,375 4,373 3,895 4,253 3,577 4,210 2,221 2,139 1,920 1,955 2,543 2,384 1,912 1,662 1,769 1,629 1,424.5 1,281
Non-Current Liabilities
Long-Term Debt 6,602 4,876 5,748 6,503 6,572 5,171 4,539 4,365 4,134 3,787 3,074 3,009 1,184 1,339 1,689 1,699 1,800 1,826 1,047 1,216 806 707 745 774
Deferred Tax Liabilities 0 405 500 501 646 435 452 429 442 417 328 425 145 88 64 552 543 520 440 406 419 355 302.7 268.6
Other Non-Current Liabilities 0 1,722 1,905 1,674 2,263 2,627 2,317 2,116 2,395 2,399 3,339 3,565 1,714 1,810 1,899 1,034 1,004 970 987 952 860 837 766 802.9
Total Non-Current Liabilities 6,602 7,457 8,570 9,314 10,174 8,910 7,930 6,910 6,971 6,603 6,741 6,999 3,043 3,237 3,662 3,295 3,357 3,326 2,508 2,615 2,113 1,928 1,842.1 1,845.5
Total Liabilities 11,502 12,471 13,624 14,035 14,940 13,741 12,305 11,283 10,866 10,856 10,318 11,209 5,264 5,376 5,582 5,250 5,900 5,710 4,420 4,277 3,882 3,557 3,266.6 3,126.5
Stockholders' Equity
Common Stock 0 969 969 969 969 969 969 969 969 969 484 484 484 484 484 484 484 484 484 484 484.3 484.3 484.3 0
Retained Earnings 0 21,994 21,500 20,828 20,372 19,469 18,906 18,131 17,141 15,984 8,139 8,156 6,776 6,399 6,197 6,551 6,444 6,098 5,791 5,239 4,759.8 4,249 3,717.1 3,436.8
Accumulated Other Comprehensive Income 0 (3,108) (2,239) (2,810) (2,750) (2,599) (2,350) (2,300) (2,057) (2,356) (1,261) (1,628) (482) (702) (1,186) (568) (425) (312) (302) (323) (190.9) (185.8) (223.3) 0
Total Stockholders' Equity (3,543) 6,785 7,832 6,592 6,286 5,689 5,284 4,630 5,558 4,826 3,753 3,333 3,572 2,911 2,150 3,080 3,097 3,106 2,880 2,509 2,482.6 2,569.2 2,557 2,473.1
Total Liabilities & Equity 7,959 19,433 21,647 20,744 21,351 19,556 17,708 16,015 16,538 15,771 14,240 14,698 8,932 8,424 7,863 8,452 9,125 8,914 7,387 6,868 6,441 6,194 5,893.9 5,651.5
Debt Metrics
Total Debt 7,446 6,395 6,599 7,635 7,466 6,606 5,844 5,016 4,146 4,416 3,346 3,912 1,350 1,666 2,051 2,405 2,971 2,790 1,718 1,701 1,482 1,221 1,144.1 1,129.1
Net Debt 5,283 5,125 5,106 6,536 6,461 4,780 4,628 4,114 2,710 2,596 2,289 2,891 691 1,167 1,934 2,297 2,860 2,632 1,590 1,572 1,412 1,115 1,082 1,017.2
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 1,571 1,377 1,262 1,035 1,441 1,071 1,269 1,340 1,390 565 596 683 494 (69) 387 620 568 801 714 744 768 514.6 295
Depreciation & Amortization 546 492 514 502 561 509 511 497 460 440 372 388 394 398 447 447 419 383 373 363 352 335.2 350.2
Stock-Based Compensation 0 42 56 34 57 44 39 37 35 45 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (117) (601) 288 (432) (188) 341 51 (406) (346) (143) (28) (55) 211 (20) 123 (250) (167) (188) (123) (99) (48) (84.7) (3.8)
Other Non-Cash Items (32) 207 478 (25) (344) 212 215 (46) (9) 273 125 2 24 563 103 53 82 (54) 43 0 0 (74) 99.3
Operating Cash Flow 1,941 1,420 2,411 963 1,562 2,130 2,080 1,467 1,568 1,325 1,065 1,018 1,123 872 1,060 870 902 942 1,007 1,007.9 1,072 691.1 740.7
Investing Activities
Capital Expenditure (778) (721) (516) (486) (371) (304) (413) (411) (360) (402) (288) (244) (217) (238) (291) (561) (490) (487) (466) (475.9) (447.8) (321.8) (257.6)
Acquisitions 42 294 (73) 3 (2,137) (1,169) (643) (378) 268 745 (91) (67) (3) (22) (10) (115) (1,343) (390) (363) (13) (6) (33.9) 0
Purchases of Investments 0 0 0 0 0 (5) (8) (28) (34) (49) (1,990) 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 22 28 23 37 116 2,040 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 36 534 33 22 104 9 27 30 22 (9) (36) 51 54 48 56 40 189 296 246 20 179 110.3 21.1
Investing Cash Flow (700) 107 (556) (461) (2,404) (1,447) (1,009) (764) (67) 436 (365) (260) (166) (212) (245) (636) (1,644) (581) (583) (468.4) (275.5) (245.4) (236.5)
Financing Activities
Net Debt Issuance 903 (26) (850) 377 827 445 35 983 (681) 248 (92) (312) (385) (423) (541) 197 1,110 86 208 270 66 0.8 (182.8)
Stock Repurchased (790) (752) (86) (190) (210) 0 (325) (1,721) (813) (1,050) (607) (100) 0 0 (5) (247) (82) (217) (343) (635) (588) (280) (81.2)
Dividends Paid (628) (622) (598) (570) (536) (496) (468) (453) (434) (414) (316) (307) (294) (287) (283) (276) (264) (252) (239) (237) (239) (237.8) (220.8)
Other Financing Activities (30) (25) (16) (26) 12 (62) (61) (29) (78) (25) 10 13 25 23 0 0 0 0 0 0 0 0 19.7
Financing Cash Flow (545) (1,425) (1,550) (409) 93 (59) (758) (1,205) (1,954) (1,184) (857) (585) (593) (655) (816) (278) 773 (361) (360) (575.1) (752.9) (497.6) (451.9)
Cash Position
Net Change in Cash 893 (223) 394 94 (821) 610 314 (534) (384) 509 (193) 210 382 9 (3) (47) 30 (1) 59 (36) 43.5 (49.8) 50.5
Cash at Beginning 1,270 1,493 1,099 992 1,826 1,216 902 1,436 1,820 1,311 659 499 117 108 111 158 128 129 70 105.6 62.1 111.9 61.4
Cash at End 2,163 1,270 1,493 1,083 1,005 1,826 1,216 902 1,436 1,820 466 709 499 117 108 111 158 128 129 69.6 105.6 62.1 111.9
Free Cash Flow 1,163 699 1,895 477 1,191 1,826 1,667 1,056 1,208 923 777 774 906 634 769 309 412 455 541 532 624.2 369.3 483.1
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 15,875 15,845 16,242 15,614 16,802 13,834 15,146 15,374 14,748 14,270 14,241 14,791 14,265 12,686 13,153 13,423 12,239 15,849 12,220 9,861 9,028 9,513 8,756 8,067 8,169 8,629 7,995 7,751 7,379 7,218 7,058 6,331.2 5,753.9
Gross Profit 6,031 6,593 6,564 5,639 6,516 6,057 6,493 6,373 6,539 6,605 6,455 6,443 5,951 5,087 5,288 5,209 4,700 5,694 4,392 3,708 3,431 3,514 3,235 3,001 3,032 3,295 3,038 3,034 2,982 2,878 2,846 2,465.7 2,139.7
Operating Income 2,169 2,287 2,035 1,666 1,686 1,780 1,946 1,862 2,014 1,189 1,959 1,814 1,550 1,271 1,313 1,366 883 1,244 1,307 1,229 1,184 1,108 973 911 924 1,202 1,109 1,249 1,316 1,295 1,301 1,011.1 716.6
Net Income 1,576 1,116 1,270 1,026 1,439 1,059 1,243 1,341 1,594 873 1,406 2,102 3,231 941 1,095 769 336 538 834 711 596 683 494 (69) 387 620 568 801 714 744 768 514.6 22.2
EPS (Diluted) 6.92 4.75 5.35 4.32 6.01 4.45 5.22 5.46 6.18 3.28 5.14 7.52 11.14 3.03 3.44 2.32 1.01 1.63 2.52 2.13 1.75 1.98 1.45 -0.20 1.15 1.79 1.62 2.24 1.97 1.97 1.89 1.22 0.05
Balance Sheet
Cash & Equivalents 2,163 1,270 1,493 1,099 1,005 1,826 1,216 902 1,436 1,820 1,057 1,021 709 499 117 108 111 158 128 129 69.6 105.6 62.1 111.9
Total Assets 7,959 19,433 21,647 20,744 21,351 19,556 17,708 16,015 16,538 15,771 14,240 14,698 8,932 8,424 7,863 8,452 9,125 8,914 7,387 6,868 6,441 6,194 5,893.9 5,651.5
Total Debt 7,446 6,395 6,599 7,635 7,466 6,606 5,844 5,016 4,146 4,416 3,346 3,912 1,350 1,666 2,051 2,405 2,971 2,790 1,718 1,701 1,482 1,221 1,144.1 1,129.1
Stockholders' Equity (3,543) 6,785 7,832 6,592 6,286 5,689 5,284 4,630 5,558 4,826 3,753 3,333 3,572 2,911 2,150 3,080 3,097 3,106 2,880 2,509 2,482.6 2,569.2 2,557 2,473.1
Cash Flow
Operating Cash Flow 1,941 1,420 2,411 963 1,562 2,130 2,080 1,467 1,568 1,325 1,065 1,018 1,123 872 1,060 870 902 942 1,007 1,007.9 1,072 691.1 740.7
Capital Expenditure (778) (721) (516) (486) (371) (304) (413) (411) (360) (402) (288) (244) (217) (238) (291) (561) (490) (487) (466) (475.9) (447.8) (321.8) (257.6)
Free Cash Flow 1,163 699 1,895 477 1,191 1,826 1,667 1,056 1,208 923 777 774 906 634 769 309 412 455 541 532 624.2 369.3 483.1