vs
Side-by-side financial comparison of PPG Industries (PPG) and Southern Company (SO). Click either name above to swap in a different company.
Southern Company is the larger business by last-quarter revenue ($8.4B vs $3.9B, roughly 2.1× PPG Industries). Southern Company runs the higher net margin — 15.9% vs 9.8%, a 6.1% gap on every dollar of revenue. On growth, Southern Company posted the faster year-over-year revenue change (8.0% vs 6.7%). Over the past eight quarters, Southern Company's revenue compounded faster (14.0% 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.
Southern Company is an American gas and electric utility holding company based in the Southern United States. It is headquartered in Atlanta, Georgia, with executive offices located in Birmingham, Alabama. As of 2021 it is the second largest utility company in the U.S. in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territor...
PPG vs SO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $8.4B |
| Net Profit | $385.0M | $1.3B |
| Gross Margin | — | — |
| Operating Margin | — | 24.0% |
| Net Margin | 9.8% | 15.9% |
| Revenue YoY | 6.7% | 8.0% |
| Net Profit YoY | 1.9% | 5.4% |
| EPS (diluted) | — | — |
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 | $8.4B | ||
| Q4 25 | $3.9B | $7.0B | ||
| Q3 25 | $4.1B | $7.8B | ||
| Q2 25 | $4.2B | $7.0B | ||
| Q1 25 | $3.7B | $7.8B | ||
| Q4 24 | $2.2B | $6.3B | ||
| Q3 24 | $4.6B | $7.3B | ||
| Q2 24 | $4.8B | $6.5B |
| Q1 26 | $385.0M | $1.3B | ||
| Q4 25 | $300.0M | $341.0M | ||
| Q3 25 | $453.0M | $1.7B | ||
| Q2 25 | $450.0M | $880.0M | ||
| Q1 25 | $373.0M | $1.3B | ||
| Q4 24 | $-280.0M | $466.0M | ||
| Q3 24 | $468.0M | $1.5B | ||
| Q2 24 | $528.0M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | — | ||
| Q3 25 | 40.6% | — | ||
| Q2 25 | 42.0% | — | ||
| Q1 25 | 41.9% | — | ||
| Q4 24 | 34.9% | — | ||
| Q3 24 | 41.8% | — | ||
| Q2 24 | 43.0% | — |
| Q1 26 | — | 24.0% | ||
| Q4 25 | 9.9% | 13.1% | ||
| Q3 25 | 16.9% | 33.2% | ||
| Q2 25 | 17.7% | 25.3% | ||
| Q1 25 | 16.5% | 25.9% | ||
| Q4 24 | 0.5% | 16.7% | ||
| Q3 24 | 15.6% | 32.6% | ||
| Q2 24 | 17.3% | 30.0% |
| Q1 26 | 9.8% | 15.9% | ||
| Q4 25 | 7.7% | 4.9% | ||
| Q3 25 | 11.1% | 21.9% | ||
| Q2 25 | 10.7% | 12.6% | ||
| Q1 25 | 10.1% | 16.3% | ||
| Q4 24 | -12.9% | 7.3% | ||
| Q3 24 | 10.2% | 21.1% | ||
| Q2 24 | 11.0% | 18.6% |
| Q1 26 | — | — | ||
| Q4 25 | $1.33 | $0.38 | ||
| Q3 25 | $2.00 | $1.54 | ||
| Q2 25 | $1.98 | $0.79 | ||
| Q1 25 | $1.63 | $1.21 | ||
| Q4 24 | $-1.18 | $0.48 | ||
| Q3 24 | $2.00 | $1.39 | ||
| Q2 24 | $2.24 | $1.09 |
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 | — |
| Total DebtLower is stronger | $6.4B | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | — | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $1.9B | $3.3B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.2B | $1.2B |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $7.3B | $65.6B | ||
| Q3 25 | $7.3B | $64.6B | ||
| Q2 25 | $7.3B | $63.0B | ||
| Q1 25 | $7.2B | $62.9B | ||
| Q4 24 | $5.8B | $58.8B | ||
| Q3 24 | $6.5B | $61.3B | ||
| Q2 24 | $6.4B | $59.9B |
| Q1 26 | — | — | ||
| Q4 25 | $7.9B | $36.0B | ||
| Q3 25 | $7.8B | $38.3B | ||
| Q2 25 | $7.6B | $37.3B | ||
| Q1 25 | $6.9B | $37.2B | ||
| Q4 24 | $6.8B | $33.2B | ||
| Q3 24 | $7.8B | $36.9B | ||
| Q2 24 | $7.8B | $36.1B |
| Q1 26 | — | — | ||
| Q4 25 | $22.1B | $155.7B | ||
| Q3 25 | $22.1B | $153.2B | ||
| Q2 25 | $22.1B | $148.9B | ||
| Q1 25 | $21.1B | $148.1B | ||
| Q4 24 | $19.4B | $145.2B | ||
| Q3 24 | $21.9B | $144.0B | ||
| Q2 24 | $21.7B | $141.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.92× | 1.82× | ||
| Q3 25 | 0.94× | 1.69× | ||
| Q2 25 | 0.97× | 1.69× | ||
| Q1 25 | 1.05× | 1.69× | ||
| Q4 24 | 0.86× | 1.77× | ||
| Q3 24 | 0.83× | 1.66× | ||
| Q2 24 | 0.82× | 1.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
