PPG IndustriesPPGEarnings & Financial Report
PPG Industries, Inc. is an American supplier of paints, coatings, and specialty materials based in Pittsburgh, Pennsylvania. It operates in more than 70 countries globally. A member of the Fortune 500, PPG is the second largest coatings company in the world by revenue, behind Sherwin-Williams. It is headquartered in PPG Place, an office and retail complex in downtown Pittsburgh, and is known for its glass facade designed by Postmodern architect Philip Johnson.
Revenue
$4.2B
Gross Profit
$1.8B
Operating Profit
$743.0M
Net Profit
$450.0M
Gross Margin
42.0%
Operating Margin
17.7%
Net Margin
10.7%
YoY Growth
-12.5%
EPS
$1.98
PPG Industries Q2 FY2025 Financial Summary
PPG Industries reported revenue of $4.2B (down 12.5% YoY) for Q2 FY2025, with a net profit of $450.0M (down 14.8% YoY) (10.7% margin). Cost of goods sold was $2.4B, operating expenses totaled $1.0B.
Key Financial Metrics
| Total Revenue | $4.2B |
|---|---|
| Net Profit | $450.0M |
| Gross Margin | 42.0% |
| Operating Margin | 17.7% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
PPG Industries Q2 FY2025 revenue of $4.2B breaks down across 4 segments, led by Other at $2.0B (48.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $2.0B | 48.7% |
| Performance Coatings Segment | $923.0M | 22.0% |
| Global Architectural Coatings Segment | $657.0M | 15.7% |
| Industrial Coatings Segment | $572.0M | 13.6% |
PPG Industries Revenue by Segment — Quarterly Trend
PPG Industries revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Performance Coatings Segment) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Other | — | — | $2.1B | $2.0B |
| Performance Coatings Segment | — | — | $812.0M | $923.0M |
| Global Architectural Coatings Segment | — | — | $626.0M | $657.0M |
| Industrial Coatings Segment | — | — | $562.0M | $572.0M |
PPG Industries Annual Revenue by Year
PPG Industries annual revenue history includes year-by-year totals (for example, 2025 revenue was $15.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $15.9B |
| 2024 | $15.8B |
| 2023 | $16.2B |
PPG Industries Quarterly Revenue & Net Profit History
PPG Industries results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $3.9B | +6.7% | $385.0M | 9.8% |
| Q4 FY2025 | $3.9B | +80.8% | $300.0M | 7.7% |
| Q3 FY2025 | $4.1B | -10.8% | $453.0M | 11.1% |
| Q2 FY2025 | $4.2B | -12.5% | $450.0M | 10.7% |
| Q1 FY2025 | $3.7B | -14.5% | $373.0M | 10.1% |
| Q4 FY2024 | $2.2B | -50.2% | $-280.0M | -12.9% |
| Q3 FY2024 | $4.6B | -1.5% | $468.0M | 10.2% |
| Q2 FY2024 | $4.8B | -1.6% | $528.0M | 11.0% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.79B | $4.58B | $2.17B | $3.68B | $4.20B | $4.08B | $3.91B | $3.93B |
| YoY Growth | -1.6% | -1.5% | -50.2% | -14.5% | -12.5% | -10.8% | 80.8% | 6.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $21.73B | $21.86B | $19.43B | $21.14B | $22.10B | $22.14B | $22.10B | N/A |
| Liabilities | $13.78B | $13.89B | $12.47B | $14.05B | $14.36B | $14.19B | $14.00B | N/A |
| Equity | $7.77B | $7.79B | $6.79B | $6.93B | $7.58B | $7.80B | $7.94B | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $365.0M | $769.0M | $346.0M | $-18.0M | $387.0M | $685.0M | $887.0M |