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Side-by-side financial comparison of PPG Industries (PPG) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.
PPG Industries is the larger business by last-quarter revenue ($3.9B vs $3.8B, roughly 1.0× Stanley Black & Decker). PPG Industries runs the higher net margin — 9.8% vs 1.4%, a 8.4% gap on every dollar of revenue. On growth, PPG Industries posted the faster year-over-year revenue change (6.7% vs 0.1%). Over the past eight quarters, Stanley Black & Decker's revenue compounded faster (0.3% 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.
Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.
PPG vs SWK — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $3.8B |
| Net Profit | $385.0M | $51.4M |
| Gross Margin | — | 31.4% |
| Operating Margin | — | — |
| Net Margin | 9.8% | 1.4% |
| Revenue YoY | 6.7% | 0.1% |
| Net Profit YoY | 1.9% | -43.6% |
| EPS (diluted) | — | $0.34 |
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 | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $4.1B | $3.8B | ||
| Q2 25 | $4.2B | $3.9B | ||
| Q1 25 | $3.7B | $3.7B | ||
| Q4 24 | $2.2B | $3.7B | ||
| Q3 24 | $4.6B | $3.8B | ||
| Q2 24 | $4.8B | $4.0B |
| Q1 26 | $385.0M | — | ||
| Q4 25 | $300.0M | — | ||
| Q3 25 | $453.0M | $51.4M | ||
| Q2 25 | $450.0M | $101.9M | ||
| Q1 25 | $373.0M | $90.4M | ||
| Q4 24 | $-280.0M | $194.9M | ||
| Q3 24 | $468.0M | $91.1M | ||
| Q2 24 | $528.0M | $-11.2M |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | — | ||
| Q3 25 | 40.6% | 31.4% | ||
| Q2 25 | 42.0% | 27.0% | ||
| Q1 25 | 41.9% | 29.9% | ||
| Q4 24 | 34.9% | 30.8% | ||
| Q3 24 | 41.8% | 29.9% | ||
| Q2 24 | 43.0% | 28.4% |
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 17.7% | — | ||
| Q1 25 | 16.5% | — | ||
| Q4 24 | 0.5% | 3.4% | ||
| Q3 24 | 15.6% | 10.6% | ||
| Q2 24 | 17.3% | 9.5% |
| Q1 26 | 9.8% | — | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 11.1% | 1.4% | ||
| Q2 25 | 10.7% | 2.6% | ||
| Q1 25 | 10.1% | 2.4% | ||
| Q4 24 | -12.9% | 5.2% | ||
| Q3 24 | 10.2% | 2.4% | ||
| Q2 24 | 11.0% | -0.3% |
| Q1 26 | — | — | ||
| Q4 25 | $1.33 | — | ||
| Q3 25 | $2.00 | $0.34 | ||
| Q2 25 | $1.98 | $0.67 | ||
| Q1 25 | $1.63 | $0.60 | ||
| Q4 24 | $-1.18 | $1.29 | ||
| Q3 24 | $2.00 | $0.60 | ||
| Q2 24 | $2.24 | $-0.07 |
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 | $268.3M |
| Total DebtLower is stronger | $6.4B | $5.3B |
| Stockholders' EquityBook value | — | $9.0B |
| Total Assets | — | $21.8B |
| Debt / EquityLower = less leverage | — | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $1.9B | $268.3M | ||
| Q2 25 | $1.6B | $311.8M | ||
| Q1 25 | $1.9B | $344.8M | ||
| Q4 24 | $1.4B | $290.5M | ||
| Q3 24 | $1.3B | $298.7M | ||
| Q2 24 | $1.2B | $318.5M |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $7.3B | — | ||
| Q3 25 | $7.3B | $5.3B | ||
| Q2 25 | $7.3B | $5.6B | ||
| Q1 25 | $7.2B | $5.6B | ||
| Q4 24 | $5.8B | $6.1B | ||
| Q3 24 | $6.5B | $6.1B | ||
| Q2 24 | $6.4B | $6.1B |
| Q1 26 | — | — | ||
| Q4 25 | $7.9B | — | ||
| Q3 25 | $7.8B | $9.0B | ||
| Q2 25 | $7.6B | $9.1B | ||
| Q1 25 | $6.9B | $8.8B | ||
| Q4 24 | $6.8B | $8.7B | ||
| Q3 24 | $7.8B | $8.9B | ||
| Q2 24 | $7.8B | $8.7B |
| Q1 26 | — | — | ||
| Q4 25 | $22.1B | — | ||
| Q3 25 | $22.1B | $21.8B | ||
| Q2 25 | $22.1B | $22.5B | ||
| Q1 25 | $21.1B | $22.5B | ||
| Q4 24 | $19.4B | $21.8B | ||
| Q3 24 | $21.9B | $22.5B | ||
| Q2 24 | $21.7B | $22.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.92× | — | ||
| Q3 25 | 0.94× | 0.59× | ||
| Q2 25 | 0.97× | 0.62× | ||
| Q1 25 | 1.05× | 0.63× | ||
| Q4 24 | 0.86× | 0.70× | ||
| Q3 24 | 0.83× | 0.69× | ||
| Q2 24 | 0.82× | 0.70× |
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 | — | $221.2M |
| Free Cash FlowOCF − Capex | — | $155.3M |
| FCF MarginFCF / Revenue | — | 4.1% |
| Capex IntensityCapex / Revenue | 5.0% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 4.30× |
| TTM Free Cash FlowTrailing 4 quarters | — | $369.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $887.0M | — | ||
| Q3 25 | $685.0M | $221.2M | ||
| Q2 25 | $387.0M | $214.3M | ||
| Q1 25 | $-18.0M | $-420.0M | ||
| Q4 24 | $346.0M | $679.1M | ||
| Q3 24 | $769.0M | $285.8M | ||
| Q2 24 | $365.0M | $573.0M |
| Q1 26 | — | — | ||
| Q4 25 | $586.0M | — | ||
| Q3 25 | $538.0M | $155.3M | ||
| Q2 25 | $266.0M | $134.7M | ||
| Q1 25 | $-227.0M | $-485.0M | ||
| Q4 24 | $148.0M | $564.6M | ||
| Q3 24 | $620.0M | $199.3M | ||
| Q2 24 | $247.0M | $485.8M |
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | — | ||
| Q3 25 | 13.2% | 4.1% | ||
| Q2 25 | 6.3% | 3.4% | ||
| Q1 25 | -6.2% | -13.0% | ||
| Q4 24 | 6.8% | 15.2% | ||
| Q3 24 | 13.6% | 5.3% | ||
| Q2 24 | 5.2% | 12.1% |
| Q1 26 | 5.0% | — | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 3.6% | 1.8% | ||
| Q2 25 | 2.9% | 2.0% | ||
| Q1 25 | 5.7% | 1.7% | ||
| Q4 24 | 9.1% | 3.1% | ||
| Q3 24 | 3.3% | 2.3% | ||
| Q2 24 | 2.5% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.96× | — | ||
| Q3 25 | 1.51× | 4.30× | ||
| Q2 25 | 0.86× | 2.10× | ||
| Q1 25 | -0.05× | -4.65× | ||
| Q4 24 | — | 3.48× | ||
| Q3 24 | 1.64× | 3.14× | ||
| Q2 24 | 0.69× | — |
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
