TORVANTA
Materials · S&P 500 · data as of 2026-10-05

PPG stock analysis: PPG Industries

PPG Industries (PPG) is an S&P 500 company in Specialty Chemicals. It grades weakest on momentum.

The model's view of PPG · subscribers

Where PPG ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

See plans
What's happening with PPG · updated 2026-10-05 · from prices and SEC filings

PPG price performance

PPG against the S&P 500, one year
+0%+20%S&P 500 +18%PPG +4%2025-09-292026-10-05
Year to date+4.7%S&P 500 +14.5% · behind by 9.8 pts
1 year+3.5%S&P 500 +17.0% · behind by 13.6 pts
3 years-14.0%S&P 500 +89.3% · behind by 103.3 pts
5 years-19.7%S&P 500 +91.3% · behind by 111.0 pts

Total returns with dividends reinvested.

PPG factor grades

Each grade compares PPG with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B+ValueP/E 15.0x (industry 37.2x)FCF yield 5.2% (industry 4.7%)
BGrowthRevenue growth +6% (industry +6%)EPS growth +50% (industry +4%)
BProfitability
C-Momentum12-month change +3%From 52-wk high -18%

PPG key statistics

SectorMaterials
IndustrySpecialty Chemicals
IndexS&P 500
Market value$23.5B
Revenue growth (y/y)+6%
Free-cash-flow yield5.2%
Dividend yield2.7%
Next earnings (expected)2026-10-27
Valuation measures
Market value$23.5B
Enterprise value$29.0B
P/E (trailing)15.0x
Forward P/E (Torvanta estimate)10.0x
PEG (Torvanta estimate)0.20
Price / sales1.5x
Price / book2.9x
EV / revenue1.8x
Financial highlights
Revenue, last 12 months$16.1B
Net income, last 12 months$1.6B
EPS, last 12 months (GAAP)$7.02
Gross margin41.4%
Net margin9.8%
Return on equity21.1%
Cash$1.6B
Total debt$7.1B
Debt / equity0.88x
Free cash flow, last 12 months$1.2B
Current ratio1.61x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

PPG earnings trends

Revenue vs earnings
-$280.0M$1.0B$2.3B$3.5B$4.8BJun 2024 Revenue: $4.8BSep 2024 Revenue: $4.6BDec 2024 Revenue: $2.2BMar 2025 Revenue: $3.7BJun 2025 Revenue: $4.2BSep 2025 Revenue: $4.1BDec 2025 Revenue: $3.9BMar 2026 Revenue: $3.9BJun 2024 Net income: $528.0MSep 2024 Net income: $468.0MDec 2024 Net income: -$280.0MMar 2025 Net income: $373.0MJun 2025 Net income: $450.0MSep 2025 Net income: $453.0MDec 2025 Net income: $300.0MMar 2026 Net income: $382.0MJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Net margin: 11.0%Net margin: 10.2%Net margin: -12.9%Net margin: 10.1%Net margin: 10.7%Net margin: 11.1%Net margin: 7.7%Net margin: 9.7%-13%-1%11%■ Revenue ■ Net income ━ Net margin
Earnings per share$-1.2$-0.3$0.5$1.4$2.2Jun 2024 EPS (GAAP, diluted): $2.2Sep 2024 EPS (GAAP, diluted): $2.0Dec 2024 EPS (GAAP, diluted): $-1.2Mar 2025 EPS (GAAP, diluted): $1.6Jun 2025 EPS (GAAP, diluted): $2.0Sep 2025 EPS (GAAP, diluted): $2.0Dec 2025 EPS (GAAP, diluted): $1.3Mar 2026 EPS (GAAP, diluted): $1.7Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 -12% · Sep 2025 0% · Mar 2026 +4%

From the company's 10-Q and 10-K filings with the SEC.

PPG Industries financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$16.8B$17.7B$18.2B$15.8B$15.9B
Net income$1.4B$1.0B$1.3B$1.1B$1.6B
EPS (GAAP)$6.01$4.32$5.34$4.75$6.95
Free cash flow$1.2B$445.0M$1.9B$699.0M$1.2B

PPG earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-04-28$1.70+4%+7%-4.6%
2026-04-15$1.70+4%+7%+0.4%
2026-01-27$1.34n/a+81%+0.8%
2025-10-28$2.000%-11%-6.3%
2025-07-29$1.98-12%-12%-6.4%
2025-04-29$1.63-4%-15%+5.1%

About PPG Industries

HeadquartersPittsburgh, PA
Industry (SEC code)Paints, Varnishes, Lacquers, Enamels & Allied Prods
Fiscal year endsDecember 31
Incorporated inPA
Listed onNYSE

From the company's SEC registration record.

Companies similar to PPG

CompanyMarket valueP/ERevenue growthOperating margin12-month change
PPG PPG Industries$23.5B15.0x+6%n/a+3%
IFF Intl Flavors & Fragrances$21.2B73.0x-12%7.6%+37%compare
LYB LyondellBasell$19.1Bn/a-11%3.1%+27%compare
ALB Albemarle$12.3Bn/a+18%4.3%+20%compare
SHW Sherwin-Williams$77.3B29.4x+6%n/a-7%
ECL Ecolab$77.7B37.2x+7%16.9%+1%

All Materials stock ratings

Frequently asked questions

Is PPG stock a buy?

Torvanta does not tell individuals what to buy. Its grades for PPG are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is PPG's P/E ratio?

PPG trades at about 15.0 times its last 12 months of GAAP earnings reported to the SEC, and about 10.0 times Torvanta's own estimate of the next 12 months.

When does PPG report earnings next?

Based on its filing history, Torvanta expects PPG Industries to report around 2026-10-27.

Does PPG pay a dividend?

Yes. Its dividend yield is about 2.7%, and it has raised its dividend 30 years in a row.

How has PPG performed against the S&P 500?

Over the past year PPG returned +3.5%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

See plans Or get the free weekly newsletter

Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

All stock ratings · Stock lists · AI stock research · Model portfolio · Research · Disclaimer