PPG Industries
Makes architectural paints and specialized coatings for transportation, infrastructure, factories and packaging.
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Profile
Sells architectural paints and highly specified coatings for aircraft, vehicle repair, marine assets, road markings, factories and packaging. Revenue spans branded retail channels and direct sales to manufacturers, with customer-specific formulations and a global supply chain dependent on chemical feedstocks.
Manufactures paints, coatings and specialty products through Global Architectural Coatings, Performance Coatings and Industrial Coatings. Architectural brands such as Comex and Tikkurila reach contractors and consumers across Europe, Latin America and Asia Pacific through company stores, dealers, distributors and retailers.
Supplies aerospace coatings, automotive refinish systems, protective and marine finishes, and traffic-marking products for aftermarket and infrastructure uses. Direct-to-factory businesses formulate coatings, adhesives and pretreatments for automotive OEMs, industrial equipment and consumer products, while packaging coatings protect metal cans and closures.
Builds customer-specific formulations and integrates technical service into manufacturing lines, supported by laboratories near customers and a footprint spanning more than 50 countries. Production depends on externally sourced resins, solvents, titanium dioxide and other feedstocks; product formulations and supply also face evolving chemical-registration requirements.
Company facts
Categories
Key statistics
Year to date +9.4% · Average volume (30d) 1.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 30, 2026 | UBS | Reiterate | Neutral | $122 | $125 | |
| Jul 30, 2026 | RBC Capital | Reiterate | Sector Perform | $119 | $122 | |
| Jul 17, 2026 | B of A Securities | Upgrade | Neutral | Buy | ||
| Jul 6, 2026 | BMO Capital | Reiterate | Outperform | $140 | $138 | |
| Jul 1, 2026 | Mizuho Securities | Target | $116 | $135 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $2.25 | $2.23 | −0.9% | $4.37B | $4.50B | +3.0% | −6.03% |
| Apr 28, 2026Q1 FY26 | $1.78 | $1.83 | +2.8% | $3.85B | $3.93B | +2.0% | −2.78% |
| Jan 27, 2026Q4 FY25 | $1.58 | $1.51 | −4.4% | $3.78B | $3.91B | +3.5% | +3.34% |
| Oct 28, 2025Q3 FY25 | $2.10 | $2.13 | +1.4% | $4.05B | $4.08B | +0.9% | −5.87% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.68B | $4.20B | $4.08B | $3.91B | $3.93B | $4.50B | |
| Gross profit | $1.54B | $1.76B | $1.66B | $1.46B | $1.66B | $1.81B | |
| Operating income | $481.0M | $650.0M | $438.0M | $450.0M | $525.0M | $636.0M | |
| Net income | $373.0M | $450.0M | $453.0M | $300.0M | $382.0M | $437.0M | |
| Diluted EPS | $1.63 | $1.98 | $2.00 | $1.33 | $1.70 | $1.95 | |
| Gross margin | 41.9% | 42.0% | 40.6% | 37.4% | 42.1% | 40.2% | |
| Operating margin | 13.1% | 15.5% | 10.7% | 11.5% | 13.4% | 14.1% |
Fiscal years (4-quarter sums)FY21 $16.80B · FY22 $17.65B · FY23 $18.25B · FY24 $15.29B · FY25 $15.88B
Revenue by product · FY25
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.59B · Total debt $7.46B · Total assets $22.53B · Shareholders' equity $8.44B
Dividends
Raised for 41 straight years — most recently to $0.74 from $0.71 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Sep 11 | $0.74 | raised from $0.71 |
| May 11, 2026 | May 11 | Jun 12 | $0.71 | |
| Feb 20, 2026 | Feb 20 | Mar 12 | $0.71 | |
| Nov 10, 2025 | Nov 10 | Dec 12 | $0.71 | |
| Aug 11, 2025 | Aug 11 | Sep 12 | $0.71 | raised from $0.68 |
| May 12, 2025 | May 12 | Jun 12 | $0.68 | |
| Feb 21, 2025 | Feb 21 | Mar 12 | $0.68 | |
| Nov 12, 2024 | Nov 12 | Dec 12 | $0.68 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 222.30M · Float 222.05M · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 23.55M | 10.59% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 14.55M | 6.54% | 13F | Aug 13, 2026 |
| State Street Corporation | 13.88M | 6.20% | 13G | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 12.83M | 5.77% | 13F | Aug 13, 2026 |
| Wellington Management Group LLP | 8.61M | 3.87% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Juliane M. Hefel | officer: Sr. VP, Ind Coatings & Sp Prod | +12 | $116.45 |
| Feb 20, 2026 | Anne M. Foulkes | officer: Sr. VP, Legal & Spl. Projects | −3,594 | $124.61 |
| Feb 13, 2026 | Vincent J. Morales | officer: Senior VP & CFO | −78,095 | $131.00 |
| Feb 4, 2026 | Vincent J. Morales | officer: Senior VP & CFO | −17,072 | $125.00 |
| Jan 29, 2026 | Chancey E. Hagerty | officer: Sr. VP, Auto. Refinish Ctgs. | −2,250 | $115.59 |
Peers
- Sherwin-Williams
Global #1 coatings; head-to-head in refinish, industrial, and packaging.
- Axalta Coating Systems
Largest pure-play refinish rival; direct overlap in OEM and refinish.
- RPM
Specialty protective coatings; Carboline and Stonhard overlap PPG.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PPG Industries | $114.22 | +0.04% | $25.39B | 16.4 | 13.8 | 1.5 | +7.2% |
| Sherwin-Williams | $344.86 | +0.01% | $83.72B | 31.8 | 27.1 | 3.4 | +7.5% |
| Axalta Coating Systems | $37.29 | +0.71% | $7.92B | 22.9 | 13.5 | 1.5 | +3.1% |
| RPM | $106.65 | +0.03% | $13.62B | 20.6 | 17.7 | 1.7 | +7.2% |
| Median | 22.9 | 17.7 | 1.7 | +7.2% |