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Side-by-side financial comparison of PPG Industries (PPG) and Roper Technologies (ROP). Click either name above to swap in a different company.
PPG Industries is the larger business by last-quarter revenue ($3.9B vs $2.1B, roughly 1.9× Roper Technologies). Roper Technologies runs the higher net margin — 15.8% vs 9.8%, a 6.0% gap on every dollar of revenue. On growth, Roper Technologies posted the faster year-over-year revenue change (11.3% vs 6.7%). Over the past eight quarters, Roper Technologies's revenue compounded faster (10.5% CAGR vs -9.5%).
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.
Roper Technologies, Inc. is a holding company that owns companies in the technology sector.
PPG vs ROP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $2.1B |
| Net Profit | $385.0M | $331.0M |
| Gross Margin | — | 69.4% |
| Operating Margin | — | 27.2% |
| Net Margin | 9.8% | 15.8% |
| Revenue YoY | 6.7% | 11.3% |
| Net Profit YoY | 1.9% | 53.7% |
| EPS (diluted) | — | $4.87 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $3.9B | $2.1B | ||
| Q4 25 | $3.9B | $2.1B | ||
| Q3 25 | $4.1B | $2.0B | ||
| Q2 25 | $4.2B | $1.9B | ||
| Q1 25 | $3.7B | $1.9B | ||
| Q4 24 | $2.2B | $1.9B | ||
| Q3 24 | $4.6B | $1.8B | ||
| Q2 24 | $4.8B | $1.7B |
| Q1 26 | $385.0M | $331.0M | ||
| Q4 25 | $300.0M | $428.4M | ||
| Q3 25 | $453.0M | $398.5M | ||
| Q2 25 | $450.0M | $378.3M | ||
| Q1 25 | $373.0M | $331.1M | ||
| Q4 24 | $-280.0M | $462.3M | ||
| Q3 24 | $468.0M | $367.9M | ||
| Q2 24 | $528.0M | $337.1M |
| Q1 26 | — | 69.4% | ||
| Q4 25 | 40.8% | 69.5% | ||
| Q3 25 | 40.6% | 69.5% | ||
| Q2 25 | 42.0% | 69.2% | ||
| Q1 25 | 41.9% | 68.7% | ||
| Q4 24 | 34.9% | 68.3% | ||
| Q3 24 | 41.8% | 69.2% | ||
| Q2 24 | 43.0% | 69.5% |
| Q1 26 | — | 27.2% | ||
| Q4 25 | 9.9% | 28.6% | ||
| Q3 25 | 16.9% | 28.4% | ||
| Q2 25 | 17.7% | 28.2% | ||
| Q1 25 | 16.5% | 27.9% | ||
| Q4 24 | 0.5% | 28.0% | ||
| Q3 24 | 15.6% | 28.1% | ||
| Q2 24 | 17.3% | 28.8% |
| Q1 26 | 9.8% | 15.8% | ||
| Q4 25 | 7.7% | 20.8% | ||
| Q3 25 | 11.1% | 19.8% | ||
| Q2 25 | 10.7% | 19.5% | ||
| Q1 25 | 10.1% | 17.6% | ||
| Q4 24 | -12.9% | 24.6% | ||
| Q3 24 | 10.2% | 20.8% | ||
| Q2 24 | 11.0% | 19.6% |
| Q1 26 | — | $4.87 | ||
| Q4 25 | $1.33 | $3.97 | ||
| Q3 25 | $2.00 | $3.68 | ||
| Q2 25 | $1.98 | $3.49 | ||
| Q1 25 | $1.63 | $3.06 | ||
| Q4 24 | $-1.18 | $4.29 | ||
| Q3 24 | $2.00 | $3.40 | ||
| Q2 24 | $2.24 | $3.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6B | $382.9M |
| Total DebtLower is stronger | $6.4B | $9.7B |
| Stockholders' EquityBook value | — | $18.8B |
| Total Assets | — | $34.6B |
| Debt / EquityLower = less leverage | — | 0.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6B | $382.9M | ||
| Q4 25 | $2.2B | $297.4M | ||
| Q3 25 | $1.9B | $320.0M | ||
| Q2 25 | $1.6B | $242.4M | ||
| Q1 25 | $1.9B | $372.8M | ||
| Q4 24 | $1.4B | $188.2M | ||
| Q3 24 | $1.3B | $269.6M | ||
| Q2 24 | $1.2B | $251.5M |
| Q1 26 | $6.4B | $9.7B | ||
| Q4 25 | $7.3B | $9.3B | ||
| Q3 25 | $7.3B | — | ||
| Q2 25 | $7.3B | — | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $5.8B | $7.6B | ||
| Q3 24 | $6.5B | — | ||
| Q2 24 | $6.4B | — |
| Q1 26 | — | $18.8B | ||
| Q4 25 | $7.9B | $19.9B | ||
| Q3 25 | $7.8B | $20.0B | ||
| Q2 25 | $7.6B | $19.6B | ||
| Q1 25 | $6.9B | $19.2B | ||
| Q4 24 | $6.8B | $18.9B | ||
| Q3 24 | $7.8B | $18.5B | ||
| Q2 24 | $7.8B | $18.1B |
| Q1 26 | — | $34.6B | ||
| Q4 25 | $22.1B | $34.6B | ||
| Q3 25 | $22.1B | $34.6B | ||
| Q2 25 | $22.1B | $33.2B | ||
| Q1 25 | $21.1B | $31.4B | ||
| Q4 24 | $19.4B | $31.3B | ||
| Q3 24 | $21.9B | $31.6B | ||
| Q2 24 | $21.7B | $29.8B |
| Q1 26 | — | 0.52× | ||
| Q4 25 | 0.92× | 0.47× | ||
| Q3 25 | 0.94× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 0.86× | 0.40× | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | 0.82× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | — | $507.0M |
| FCF MarginFCF / Revenue | — | 24.2% |
| Capex IntensityCapex / Revenue | 5.0% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $887.0M | $738.0M | ||
| Q3 25 | $685.0M | $869.5M | ||
| Q2 25 | $387.0M | $404.1M | ||
| Q1 25 | $-18.0M | $528.7M | ||
| Q4 24 | $346.0M | $722.2M | ||
| Q3 24 | $769.0M | $755.4M | ||
| Q2 24 | $365.0M | $384.1M |
| Q1 26 | — | $507.0M | ||
| Q4 25 | $586.0M | — | ||
| Q3 25 | $538.0M | — | ||
| Q2 25 | $266.0M | — | ||
| Q1 25 | $-227.0M | — | ||
| Q4 24 | $148.0M | — | ||
| Q3 24 | $620.0M | — | ||
| Q2 24 | $247.0M | — |
| Q1 26 | — | 24.2% | ||
| Q4 25 | 15.0% | — | ||
| Q3 25 | 13.2% | — | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | -6.2% | — | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 13.6% | — | ||
| Q2 24 | 5.2% | — |
| Q1 26 | 5.0% | 0.5% | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 2.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.96× | 1.72× | ||
| Q3 25 | 1.51× | 2.18× | ||
| Q2 25 | 0.86× | 1.07× | ||
| Q1 25 | -0.05× | 1.60× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | 1.64× | 2.05× | ||
| Q2 24 | 0.69× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PPG
| Industrial Coatings | $1.6B | 42% |
| Performance Coatings | $1.3B | 34% |
| Global Architectural Coatings | $965.0M | 25% |
ROP
Segment breakdown not available.
