P

PPG INDUSTRIES INC

PPG · CIK 0000079879

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$15.88B0.2%
FY2025
Net income (FY)
$1.58B41.2%
FY2025
Free cash flow (FY)
$1.16B66.4%
FY2025
Diluted EPS (FY)
$6.9446.1%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10B$15BFY2007 · Revenue $12.22B · Net income $834.0M · 0001193125-10-033939 · filed 2010-02-18FY07Revenue $12.22BNet income $834.0M0001193125-10-033939 · filed 2010-02-18FY2008 · Revenue $15.85B · Net income $538.0M · 0001193125-11-038642 · filed 2011-02-17FY08Revenue $15.85BNet income $538.0M0001193125-11-038642 · filed 2011-02-17FY2009 · Revenue $12.24B · Net income $336.0M · 0001193125-12-064763 · filed 2012-02-16FY09Revenue $12.24BNet income $336.0M0001193125-12-064763 · filed 2012-02-16FY2010 · Revenue $13.42B · Net income $769.0M · 0000079879-13-000016 · filed 2013-02-21FY10Revenue $13.42BNet income $769.0M0000079879-13-000016 · filed 2013-02-21FY2011 · Revenue $13.15B · Net income $1.09B · 0000079879-14-000010 · filed 2014-02-20FY11Revenue $13.15BNet income $1.09B0000079879-14-000010 · filed 2014-02-20FY2012 · Revenue $13.51B · Net income $941.0M · 0000079879-14-000010 · filed 2014-02-20 · 0000079879-15-000009 · filed 2015-02-19FY12Revenue $13.51BNet income $941.0M0000079879-14-000010 · filed 2014-02-20 · 0000079879-15-000009 · filed 2015-02-19FY2013 · Revenue $15.11B · Net income $3.23B · 0000079879-14-000010 · filed 2014-02-20 · 0000079879-16-000065 · filed 2016-02-18FY13Revenue $15.11BNet income $3.23B0000079879-14-000010 · filed 2014-02-20 · 0000079879-16-000065 · filed 2016-02-18FY2014 · Revenue $14.79B · Net income $2.10B · 0000079879-17-000009 · filed 2017-02-16FY14Revenue $14.79BNet income $2.10B0000079879-17-000009 · filed 2017-02-16FY2015 · Revenue $14.24B · Net income $1.41B · 0000079879-18-000010 · filed 2018-02-15FY15Revenue $14.24BNet income $1.41B0000079879-18-000010 · filed 2018-02-15FY2016 · Revenue $14.27B · Net income $873.0M · 0000079879-19-000008 · filed 2019-02-21FY16Revenue $14.27BNet income $873.0M0000079879-19-000008 · filed 2019-02-21FY2017 · Revenue $14.75B · Net income $1.59B · 0000079879-20-000008 · filed 2020-02-20FY17Revenue $14.75BNet income $1.59B0000079879-20-000008 · filed 2020-02-20FY2018 · Revenue $15.37B · Net income $1.34B · 0000079879-21-000008 · filed 2021-02-18FY18Revenue $15.37BNet income $1.34B0000079879-21-000008 · filed 2021-02-18FY2019 · Revenue $15.15B · Net income $1.24B · 0000079879-22-000009 · filed 2022-02-17FY19Revenue $15.15BNet income $1.24B0000079879-22-000009 · filed 2022-02-17FY2020 · Revenue $13.83B · Net income $1.06B · 0000079879-23-000007 · filed 2023-02-16FY20Revenue $13.83BNet income $1.06B0000079879-23-000007 · filed 2023-02-16FY2021 · Revenue $16.80B · Net income $1.44B · 0000079879-24-000040 · filed 2024-02-15FY21Revenue $16.80BNet income $1.44B0000079879-24-000040 · filed 2024-02-15FY2022 · Revenue $15.61B · Net income $1.03B · 0000079879-25-000034 · filed 2025-02-20FY22Revenue $15.61BNet income $1.03B0000079879-25-000034 · filed 2025-02-20FY2023 · Revenue $16.24B · Net income $1.27B · 0000079879-26-000046 · filed 2026-02-19FY23Revenue $16.24BNet income $1.27B0000079879-26-000046 · filed 2026-02-19FY2024 · Revenue $15.85B · Net income $1.12B · 0000079879-26-000046 · filed 2026-02-19FY24Revenue $15.85BNet income $1.12B0000079879-26-000046 · filed 2026-02-19FY2025 · Revenue $15.88B · Net income $1.58B · 0000079879-26-000046 · filed 2026-02-19FY25Revenue $15.88BNet income $1.58B0000079879-26-000046 · filed 2026-02-19FY25Revenue $15.88BNet income $1.58B0000079879-26-000046 · filed 2026-02-19FY07FY10FY13FY16FY19FY22FY25

revenue 1.3× since FY2007 · net margin 6.8% → 9.9%

MarginsNet marginFCF margin
0%10%20%FY2007 · Net margin 6.8% · FCF margin 5.7%FY07Net margin 6.8%FCF margin 5.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 3.4% · FCF margin 6.7%FY08Net margin 3.4%FCF margin 6.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 2.7% · FCF margin 9.0%FY09Net margin 2.7%FCF margin 9.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 5.7% · FCF margin 7.5%FY10Net margin 5.7%FCF margin 7.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 8.3% · FCF margin 8.4%FY11Net margin 8.3%FCF margin 8.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 7.0% · FCF margin 10.8%FY12Net margin 7.0%FCF margin 10.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 21.4% · FCF margin 8.6%FY13Net margin 21.4%FCF margin 8.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 14.2% · FCF margin 6.5%FY14Net margin 14.2%FCF margin 6.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 9.9% · FCF margin 10.3%FY15Net margin 9.9%FCF margin 10.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 6.1% · FCF margin 6.8%FY16Net margin 6.1%FCF margin 6.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 10.8% · FCF margin 8.2%FY17Net margin 10.8%FCF margin 8.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 8.7% · FCF margin 6.9%FY18Net margin 8.7%FCF margin 6.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 8.2% · FCF margin 11.0%FY19Net margin 8.2%FCF margin 11.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 7.7% · FCF margin 13.2%FY20Net margin 7.7%FCF margin 13.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 8.6% · FCF margin 7.1%FY21Net margin 8.6%FCF margin 7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 6.6% · FCF margin 3.1%FY22Net margin 6.6%FCF margin 3.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 7.8% · FCF margin 11.7%FY23Net margin 7.8%FCF margin 11.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 7.0% · FCF margin 4.4%FY24Net margin 7.0%FCF margin 4.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 9.9% · FCF margin 7.3%FY25Net margin 9.9%FCF margin 7.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 9.9%FCF margin 7.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 9.9% · free cash flow 7.3% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2BFY2007 · OCF $1.06B · FCF $699.0M · 0001193125-10-033939 · filed 2010-02-18FY07OCF $1.06BFCF $699.0M0001193125-10-033939 · filed 2010-02-18FY2008 · OCF $1.44B · FCF $1.05B · 0001193125-11-038642 · filed 2011-02-17FY08OCF $1.44BFCF $1.05B0001193125-11-038642 · filed 2011-02-17FY2009 · OCF $1.34B · FCF $1.11B · 0001193125-12-064763 · filed 2012-02-16FY09OCF $1.34BFCF $1.11B0001193125-12-064763 · filed 2012-02-16FY2010 · OCF $1.31B · FCF $1.00B · 0000079879-13-000016 · filed 2013-02-21FY10OCF $1.31BFCF $1.00B0000079879-13-000016 · filed 2013-02-21FY2011 · OCF $1.44B · FCF $1.11B · 0000079879-14-000010 · filed 2014-02-20FY11OCF $1.44BFCF $1.11B0000079879-14-000010 · filed 2014-02-20FY2012 · OCF $1.79B · FCF $1.46B · 0000079879-15-000009 · filed 2015-02-19FY12OCF $1.79BFCF $1.46B0000079879-15-000009 · filed 2015-02-19FY2013 · OCF $1.79B · FCF $1.30B · 0000079879-16-000065 · filed 2016-02-18FY13OCF $1.79BFCF $1.30B0000079879-16-000065 · filed 2016-02-18FY2014 · OCF $1.53B · FCF $964.0M · 0000079879-17-000009 · filed 2017-02-16FY14OCF $1.53BFCF $964.0M0000079879-17-000009 · filed 2017-02-16FY2015 · OCF $1.90B · FCF $1.47B · 0000079879-18-000010 · filed 2018-02-15FY15OCF $1.90BFCF $1.47B0000079879-18-000010 · filed 2018-02-15FY2016 · OCF $1.35B · FCF $971.0M · 0000079879-19-000008 · filed 2019-02-21FY16OCF $1.35BFCF $971.0M0000079879-19-000008 · filed 2019-02-21FY2017 · OCF $1.57B · FCF $1.21B · 0000079879-20-000008 · filed 2020-02-20FY17OCF $1.57BFCF $1.21B0000079879-20-000008 · filed 2020-02-20FY2018 · OCF $1.47B · FCF $1.06B · 0000079879-21-000008 · filed 2021-02-18FY18OCF $1.47BFCF $1.06B0000079879-21-000008 · filed 2021-02-18FY2019 · OCF $2.08B · FCF $1.67B · 0000079879-22-000009 · filed 2022-02-17FY19OCF $2.08BFCF $1.67B0000079879-22-000009 · filed 2022-02-17FY2020 · OCF $2.13B · FCF $1.83B · 0000079879-23-000007 · filed 2023-02-16FY20OCF $2.13BFCF $1.83B0000079879-23-000007 · filed 2023-02-16FY2021 · OCF $1.56B · FCF $1.19B · 0000079879-24-000040 · filed 2024-02-15FY21OCF $1.56BFCF $1.19B0000079879-24-000040 · filed 2024-02-15FY2022 · OCF $963.0M · FCF $477.0M · 0000079879-25-000034 · filed 2025-02-20FY22OCF $963.0MFCF $477.0M0000079879-25-000034 · filed 2025-02-20FY2023 · OCF $2.41B · FCF $1.90B · 0000079879-26-000046 · filed 2026-02-19FY23OCF $2.41BFCF $1.90B0000079879-26-000046 · filed 2026-02-19FY2024 · OCF $1.42B · FCF $699.0M · 0000079879-26-000046 · filed 2026-02-19FY24OCF $1.42BFCF $699.0M0000079879-26-000046 · filed 2026-02-19FY2025 · OCF $1.94B · FCF $1.16B · 0000079879-26-000046 · filed 2026-02-19FY25OCF $1.94BFCF $1.16B0000079879-26-000046 · filed 2026-02-19FY25OCF $1.94BFCF $1.16B0000079879-26-000046 · filed 2026-02-19’09’13’17’21’25

FY2025: $1.94B operating cash − $778.0M capex = $1.16B free cash flow

Returns on capitalReturn on equityReturn on assets
0%20%40%60%FY2008 · ROE 16.1% · ROA 3.7%FY08ROE 16.1%ROA 3.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 9.0% · ROA 2.4%FY09ROE 9.0%ROA 2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 21.1% · ROA 5.1%FY10ROE 21.1%ROA 5.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 33.7% · ROA 7.6%FY11ROE 33.7%ROA 7.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 23.2% · ROA 5.9%FY12ROE 23.2%ROA 5.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 65.5% · ROA 20.4%FY13ROE 65.5%ROA 20.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 40.6% · ROA 12.0%FY14ROE 40.6%ROA 12.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 28.2% · ROA 8.2%FY15ROE 28.2%ROA 8.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 18.1% · ROA 5.5%FY16ROE 18.1%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 28.7% · ROA 9.6%FY17ROE 28.7%ROA 9.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 29.0% · ROA 8.4%FY18ROE 29.0%ROA 8.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 23.5% · ROA 7.0%FY19ROE 23.5%ROA 7.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 18.6% · ROA 5.4%FY20ROE 18.6%ROA 5.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 22.9% · ROA 6.7%FY21ROE 22.9%ROA 6.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 15.6% · ROA 4.9%FY22ROE 15.6%ROA 4.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 16.2% · ROA 5.9%FY23ROE 16.2%ROA 5.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 16.4% · ROA 5.7%FY24ROE 16.4%ROA 5.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 19.8% · ROA 7.1%FY25ROE 19.8%ROA 7.1%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 19.8%ROA 7.1%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 16% (FY2008) → 20% (FY2025) · on assets 7.1%

Balance sheetLiabilitiesEquity
$0$10B$20BFY2008 · Liabilities $11.21B · Equity $3.33BFY08Liabilities $11.21BEquity $3.33B0001193125-10-033939 · filed 2010-02-18FY2009 · Liabilities $10.32B · Equity $3.75BFY09Liabilities $10.32BEquity $3.75B0001193125-11-038642 · filed 2011-02-17FY2010 · Liabilities $11.14B · Equity $3.64BFY10Liabilities $11.14BEquity $3.64B0001193125-12-064763 · filed 2012-02-16FY2011 · Liabilities $10.94B · Equity $3.25BFY11Liabilities $10.94BEquity $3.25B0000079879-13-000016 · filed 2013-02-21FY2012 · Liabilities $11.56B · Equity $4.06BFY12Liabilities $11.56BEquity $4.06B0000079879-14-000010 · filed 2014-02-20FY2013 · Liabilities $10.66B · Equity $4.93BFY13Liabilities $10.66BEquity $4.93B0000079879-15-000009 · filed 2015-02-19FY2014 · Liabilities $12.27B · Equity $5.18BFY14Liabilities $12.27BEquity $5.18B0000079879-16-000065 · filed 2016-02-18FY2015 · Liabilities $12.01B · Equity $4.98BFY15Liabilities $12.01BEquity $4.98B0000079879-17-000009 · filed 2017-02-16FY2016 · Liabilities $10.86B · Equity $4.83BFY16Liabilities $10.86BEquity $4.83B0000079879-18-000010 · filed 2018-02-15FY2017 · Liabilities $10.87B · Equity $5.56BFY17Liabilities $10.87BEquity $5.56B0000079879-19-000008 · filed 2019-02-21FY2018 · Liabilities $11.28B · Equity $4.63BFY18Liabilities $11.28BEquity $4.63B0000079879-20-000008 · filed 2020-02-20FY2019 · Liabilities $12.30B · Equity $5.28BFY19Liabilities $12.30BEquity $5.28B0000079879-21-000008 · filed 2021-02-18FY2020 · Liabilities $13.74B · Equity $5.69BFY20Liabilities $13.74BEquity $5.69B0000079879-22-000009 · filed 2022-02-17FY2021 · Liabilities $14.94B · Equity $6.29BFY21Liabilities $14.94BEquity $6.29B0000079879-23-000007 · filed 2023-02-16FY2022 · Liabilities $14.04B · Equity $6.59BFY22Liabilities $14.04BEquity $6.59B0000079879-24-000040 · filed 2024-02-15FY2023 · Liabilities $13.62B · Equity $7.83BFY23Liabilities $13.62BEquity $7.83B0000079879-25-000034 · filed 2025-02-20FY2024 · Liabilities $12.47B · Equity $6.79BFY24Liabilities $12.47BEquity $6.79B0000079879-26-000046 · filed 2026-02-19FY2025 · Liabilities $14.00B · Equity $7.94BFY25Liabilities $14.00BEquity $7.94B0000079879-26-000046 · filed 2026-02-19FY25Liabilities $14.00BEquity $7.94B0000079879-26-000046 · filed 2026-02-19’09’13’17’21’25

FY2025: $22.10B assets · $14.00B liabilities · $7.94B equity

The receipts