PPG Industries Financial Statements
NYSE: PPGConsumer DiscretionaryPaints/CoatingsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
PPG Industries revenue and earnings
In fiscal 2025, PPG Industries generated $15.88 billion in revenue, up 0.2% from fiscal 2024. Net income was $1.58 billion (+41.2% year over year), for a net margin of 9.9% versus a median of 7.7% in the prior 5 years. Gross margin was 41.3% (down from 41.6%).
Diluted earnings per share came in at $6.94, up from $4.75. Over the last 5 fiscal years, PPG's revenue has grown at a 2.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
PPG Industries income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.88B | 15.85B | 16.24B | 15.61B | 16.80B | 13.83B | 15.15B | 15.37B | 14.75B | 14.27B |
| Revenue growth (YoY) | +0.19% | -2.44% | +4.02% | -7.07% | +21.45% | -8.66% | -1.48% | +4.24% | +3.35% | +0.20% |
| Cost of Revenue | 9.32B | 9.25B | 9.68B | 9.97B | 10.29B | 7.78B | 8.65B | 9.00B | 8.21B | 7.67B |
| Gross Profit | 6.56B | 6.59B | 6.56B | 5.64B | 6.52B | 6.06B | 6.49B | 6.37B | 6.54B | 6.61B |
| Operating Expenses | — | — | 3.89B | 3.60B | 4.34B | 3.95B | 4.22B | 4.25B | 4.25B | 4.22B |
| Research & Development | 446.00M | 447.00M | 446.00M | 457.00M | 463.00M | 401.00M | 456.00M | 464.00M | 472.00M | 473.00M |
| Selling, General & Admin | 3.44B | 3.39B | 3.40B | 3.04B | 3.78B | 3.39B | 3.60B | 3.57B | 3.55B | 3.56B |
| Operating Income | — | — | 2.67B | 2.04B | 2.17B | 2.11B | 2.27B | 2.12B | 2.29B | 2.38B |
| Interest Expense | 241.00M | 241.00M | 247.00M | 167.00M | 121.00M | 138.00M | 132.00M | 118.00M | 105.00M | 125.00M |
| Other Income (Expense) | -6.00M | 8.00M | -80.00M | 66.00M | 112.00M | -36.00M | 63.00M | 55.00M | 56.00M | 55.00M |
| Pretax Income | 2.04B | 1.85B | 1.69B | 1.35B | 1.81B | 1.36B | 1.66B | 1.69B | 2.00B | 779.00M |
| Income Tax | 458.00M | 475.00M | 428.00M | 320.00M | 374.00M | 291.00M | 392.00M | 353.00M | 615.00M | 214.00M |
| Net Income | 1.58B | 1.12B | 1.27B | 1.03B | 1.44B | 1.06B | 1.24B | 1.34B | 1.59B | 873.00M |
| Net Income growth (YoY) | +41.22% | -12.13% | +23.78% | -28.70% | +35.88% | -14.80% | -7.31% | -15.87% | +82.59% | -37.91% |
| EPS (Basic) | 6.96 | 4.77 | 5.38 | 4.34 | 6.06 | 4.47 | 5.25 | 5.50 | 6.22 | 3.29 |
| EPS (Diluted) | 6.94 | 4.75 | 5.35 | 4.32 | 6.01 | 4.45 | 5.22 | 5.47 | 6.18 | 3.27 |
| Shares Outstanding (Basic) | 226.30M | 233.80M | 236.00M | 236.10M | 237.60M | 236.80M | 236.90M | 243.90M | 256.10M | 265.60M |
| Shares Outstanding (Diluted) | 227.10M | 234.90M | 237.20M | 237.30M | 239.40M | 237.90M | 238.20M | 245.40M | 257.80M | 267.40M |
| EBITDA | — | — | 3.19B | 2.54B | 2.73B | 2.62B | 2.78B | 2.62B | 2.75B | 2.82B |
| Gross Margin | 41.32% | 41.61% | 40.41% | 36.12% | 38.78% | 43.78% | 42.87% | 41.45% | 44.34% | 46.29% |
| Operating Margin | — | — | 16.47% | 13.08% | 12.92% | 15.25% | 14.99% | 13.78% | 15.54% | 16.69% |
| Net Margin | 9.93% | 7.04% | 7.82% | 6.57% | 8.56% | 7.66% | 8.21% | 8.72% | 10.81% | 6.12% |
This table shows 10 annual periods of PPG Industries's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PPG's reporting calendar. What is a income statement?