Latest revenue
$3.93B
as of 2026-03-31
Latest net income
$382.0M
as of 2026-03-31
Net margin
9.7%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $24.02B
- Enterprise value
- $29.59B
- P/E (trailing)
- 15.2×
- Forward P/E
- —
- P/B
- 2.96×
- Dividend yield
- 2.6%
- 52-wk high
- $133.43
- 52-wk low
- $93.39
- Beta
- —
- Shares out
- 222.9M
5-year trend
What this company does
PPG manufactures paints, coatings, and specialty materials sold to industrial customers, automakers, aerospace firms, and consumers through retail and trade channels. The company generates revenue primarily from selling these coatings globally, posting $3.93 billion in Q1 2026 sales, up 7% year-over-year, with net income of $382 million. Following its 2024 divestiture of the U.S. architectural coatings business, PPG now operates as a more focused industrial and performance coatings pure-play, returning cash to shareholders via dividends and buybacks.
Generated from PPG's filing dated 2026-02-19
Key risks
- Margin pressure: cost of sales rose 6.2% on 6.7% sales growth, while interest paid nearly doubled to $105M from $55M YoY.
- Leverage and liquidity: cash fell $590M to $1.57B in Q1 as PPG drew $567M commercial paper and repaid $700M long-term debt.
- Goodwill/intangibles of $8.1B exceed total shareholders' equity of $8.25B, leaving limited cushion if acquisition-driven assets impair.
Generated from PPG's filing dated 2026-02-19
Profitability
Net margin
9.9%
41.0%Return on equity
19.8%
20.7%Return on assets
7.1%
24.2%Leverage
Debt / equity
1.78×
4.4%Long-term debt / equity
0.83×
15.7%Debt / assets
64.1%
1.6%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $3.93B | +6.7% | $382.0M | +2.4% | 9.7% |
Q4 2025 2025-12-31 | $3.91B | +5.0% | $300.0M | +207.1% | 7.7% |
Q3 2025 2025-09-30 | $4.08B | +1.2% | $453.0M | -3.2% | 11.1% |
Q2 2025 2025-06-30 | $4.20B | -0.9% | $450.0M | -14.8% | 10.7% |
Q1 2025 2025-03-31 | $3.68B | -4.3% | $373.0M | -6.8% | 10.1% |
Q4 2024 2024-12-31 | $3.73B | — | $-280.0M | — | -7.5% |
Q3 2024 2024-09-30 | $4.03B | -13.2% | $468.0M | +9.9% | 11.6% |
Q2 2024 2024-06-30 | $4.24B | -13.1% | $528.0M | +7.8% | 12.5% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Paints, Varnishes, Lacquers, Enamels & Allied Prods · SIC 2851
Your notes
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Insider activity
Insider buying
$0
Insider selling
$15.2M
Net activity
−$15.2M
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value |
|---|
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns PPG
Institutional value
$9.00B
Total shares held
87.2M
Distinct holders
724
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 14.5M | $1.55B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 12.8M | $1.37B | — | New |
| 3 | PZENA INVESTMENT MANAGEMENT LLC | 7.5M | $799.3M | — | New |
| 4 | First Eagle Investment Management, LLC | 6.4M | $687.8M | — | New |
| 5 | Invesco Ltd. | 3.8M | $410.0M | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 2.9M | $312.6M | — | New |
| 7 | Bank of New York Mellon Corp | 2.5M | $268.0M | — | New |
| 8 | WELLS FARGO & COMPANY/MN | 1.7M | $180.0M | — | New |
| 9 | ProShare Advisors LLC | 1.5M | $161.5M | — | New |
| 10 | Legal & General Group Plc | 1.5M | $160.3M | — | New |
| 11 | UBS Group AG | 1.4M | $154.9M | — | New |
| 12 | COOKE & BIELER LP | 1.3M | $137.1M | — | New |
| 13 | VANGUARD FIDUCIARY TRUST CO | 1.3M | $134.9M | — | New |
| 14 | DEUTSCHE BANK AG\ | 1.2M | $125.3M | — | New |
| 15 | EQUITY INVESTMENT CORP | 1.1M | $122.5M | — | New |
| 16 | BANK OF MONTREAL /CAN/ | 1.1M | $120.6M | — | New |
| 17 | HSBC HOLDINGS PLC | 730.6K | $77.9M | — | New |
| 18 | Nuveen, LLC | 700.7K | $74.9M | — | New |
| 19 | Swiss National Bank | 658.6K | $70.4M | — | New |
| 20 | PFA Pension, Forsikringsaktieselskab | 642.0K | $68.6M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Operating cash flow was just $33M against $382M net income—when does working capital normalize given receivables jumped $343M?
- 2
Gross margin compressed roughly 70bps as COGS grew 6.2% versus 6.7% sales growth; what's driving raw material pressure and pricing power erosion?
- 3
You drew $567M commercial paper while repaying $700M long-term debt—is this a deliberate shortening of maturity or liquidity stress signal?
Refreshed when PPG files a new report · last from 2026-02-19