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Side-by-side financial comparison of PPG Industries (PPG) and TELUS CORP (TU). Click either name above to swap in a different company.
PPG Industries is the larger business by last-quarter revenue ($3.9B vs $3.7B, roughly 1.1× TELUS CORP). PPG Industries runs the higher net margin — 9.8% vs -4.8%, a 14.6% gap on every dollar of revenue. On growth, PPG Industries posted the faster year-over-year revenue change (6.7% vs 2.2%).
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.
TELUS CORPTUEarnings & Financial Report
Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...
PPG vs TU — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $3.7B |
| Net Profit | $385.0M | $-178.8M |
| Gross Margin | — | 90.2% |
| Operating Margin | — | 3.4% |
| Net Margin | 9.8% | -4.8% |
| Revenue YoY | 6.7% | 2.2% |
| Net Profit YoY | 1.9% | -210.9% |
| 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 | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $4.1B | — | ||
| Q2 25 | $4.2B | $3.7B | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.8B | $3.6B |
| Q1 26 | $385.0M | — | ||
| Q4 25 | $300.0M | — | ||
| Q3 25 | $453.0M | — | ||
| Q2 25 | $450.0M | $-178.8M | ||
| Q1 25 | $373.0M | — | ||
| Q4 24 | $-280.0M | — | ||
| Q3 24 | $468.0M | — | ||
| Q2 24 | $528.0M | $161.3M |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | — | ||
| Q3 25 | 40.6% | — | ||
| Q2 25 | 42.0% | 90.2% | ||
| Q1 25 | 41.9% | — | ||
| Q4 24 | 34.9% | — | ||
| Q3 24 | 41.8% | — | ||
| Q2 24 | 43.0% | 87.9% |
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 17.7% | 3.4% | ||
| Q1 25 | 16.5% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 15.6% | — | ||
| Q2 24 | 17.3% | 13.7% |
| Q1 26 | 9.8% | — | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 11.1% | — | ||
| Q2 25 | 10.7% | -4.8% | ||
| Q1 25 | 10.1% | — | ||
| Q4 24 | -12.9% | — | ||
| Q3 24 | 10.2% | — | ||
| Q2 24 | 11.0% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | $1.33 | — | ||
| Q3 25 | $2.00 | — | ||
| Q2 25 | $1.98 | — | ||
| Q1 25 | $1.63 | — | ||
| Q4 24 | $-1.18 | — | ||
| Q3 24 | $2.00 | — | ||
| Q2 24 | $2.24 | — |
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 | $2.7B |
| Total DebtLower is stronger | $6.4B | — |
| Stockholders' EquityBook value | — | $11.8B |
| Total Assets | — | $44.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.6B | $2.7B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.2B | $676.7M |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $7.3B | — | ||
| Q3 25 | $7.3B | — | ||
| Q2 25 | $7.3B | — | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $6.5B | — | ||
| Q2 24 | $6.4B | — |
| Q1 26 | — | — | ||
| Q4 25 | $7.9B | — | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.6B | $11.8B | ||
| Q1 25 | $6.9B | — | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $7.8B | — | ||
| Q2 24 | $7.8B | $12.4B |
| Q1 26 | — | — | ||
| Q4 25 | $22.1B | — | ||
| Q3 25 | $22.1B | — | ||
| Q2 25 | $22.1B | $44.3B | ||
| Q1 25 | $21.1B | — | ||
| Q4 24 | $19.4B | — | ||
| Q3 24 | $21.9B | — | ||
| Q2 24 | $21.7B | $41.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.92× | — | ||
| Q3 25 | 0.94× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 0.86× | — | ||
| 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 | — | $851.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 5.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $887.0M | — | ||
| Q3 25 | $685.0M | — | ||
| Q2 25 | $387.0M | $851.2M | ||
| Q1 25 | $-18.0M | — | ||
| Q4 24 | $346.0M | — | ||
| Q3 24 | $769.0M | — | ||
| Q2 24 | $365.0M | $1.0B |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| 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% | — | ||
| 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× | — | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | -0.05× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.64× | — | ||
| Q2 24 | 0.69× | 6.28× |
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% |
TU
Segment breakdown not available.
