PPG Industries Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), PPG Industries Inc reported revenue of $15.9B (+0.2% year on year) and net income of $1.6B (+41.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net sales | $15.9B | $15.8B | $18.2B | $17.7B |
| Cost of sales, exclusive of depreciation and amortization | $9.3B | $9.3B | $10.7B | $11.1B |
| Selling, general and administrative | $3.4B | $3.4B | $4.2B | $3.8B |
| Depreciation | $403.0M | $360.0M | $391.0M | $388.0M |
| Amortization | $125.0M | $132.0M | $167.0M | $166.0M |
| Research and development, net | $423.0M | $423.0M | $433.0M | $448.0M |
| Interest expense | $241.0M | $241.0M | $247.0M | $167.0M |
| Interest income | ($153.0M) | ($177.0M) | ($140.0M) | ($54.0M) |
| Business restructuring, net | $6.0M | $233.0M | — | $33.0M |
| Impairment and other-related charges, net | $24.0M | $146.0M | $160.0M | $245.0M |
| Pension settlement charge | $0 | $0 | $190.0M | $0 |
| Other charges/(income), net | $6.0M | ($8.0M) | $83.0M | ($60.0M) |
| Income before income taxes | $2.0B | $1.9B | $1.7B | $1.4B |
| Income tax expense | $458.0M | $475.0M | $439.0M | $325.0M |
| Income from continuing operations | $1.6B | $1.4B | $1.3B | $1.1B |
| Net income attributable to the controlling and noncontrolling interests | $1.6B | $1.1B | $1.3B | $1.1B |
| Less: Net income attributable to noncontrolling interests | $16.0M | $33.0M | $39.0M | $28.0M |
| Net income (attributable to PPG) | $1.6B | $1.1B | $1.3B | $1.0B |
| Income from continuing operations, net of tax | $1.6B | $1.3B | $1.3B | $1.0B |
| Income/(loss) from discontinued operations, net of tax | $5.0M | ($228.0M) | $0 | ($2.0M) |
| Continuing operations (in dollars per share) | $6.94 | $5.75 | $5.38 | $4.35 |
| Net Income (attributable to PPG) (in dollars per share) | $6.96 | $4.77 | $5.38 | $4.34 |
| Continuing operations (in dollars per share) | $6.92 | $5.72 | $5.35 | $4.33 |
| Discontinued operations (in dollars per share) | $0.02 | -$0.98 | $0.00 | -$0.01 |
| Net Income (attributable to PPG) (in dollars per share) | $6.94 | $4.75 | $5.35 | $4.32 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Net sales | $4.5B | $3.9B | $4.1B | $4.2B |
| Cost of sales, exclusive of depreciation and amortization | $2.7B | $2.3B | $2.4B | $2.4B |
| Selling, general and administrative | $931.0M | $885.0M | $824.0M | $872.0M |
| Depreciation | $108.0M | $105.0M | $106.0M | $102.0M |
| Amortization | $26.0M | $27.0M | $32.0M | $33.0M |
| Research and development, net | $107.0M | $113.0M | $106.0M | $106.0M |
| Interest expense | $71.0M | $61.0M | $65.0M | $62.0M |
| Interest income | ($42.0M) | ($37.0M) | ($42.0M) | ($44.0M) |
| Other charges, net | $38.0M | ($16.0M) | $9.0M | $34.0M |
| Income before income taxes | $569.0M | $517.0M | $556.0M | $598.0M |
| Income tax expense | $127.0M | $132.0M | $118.0M | $140.0M |
| Income from continuing operations | $442.0M | $385.0M | $438.0M | $458.0M |
| Net income/(loss) attributable to the controlling and noncontrolling interests | $440.0M | $385.0M | $447.0M | $458.0M |
| Net income attributable to noncontrolling interests | $3.0M | $3.0M | ($6.0M) | $8.0M |
| Net income (attributable to PPG) | $437.0M | $382.0M | $453.0M | $450.0M |
| Income from continuing operations, net of tax | $439.0M | $382.0M | $444.0M | $450.0M |
| Loss from discontinued operations, net of tax | ($2.0M) | $0 | $9.0M | $0 |
| Income from continuing operations, net of tax (in dollars per share) | $1.97 | $1.71 | $1.97 | $1.98 |
| Earnings per common share (attributable to PPG) (in dollars per share) | $1.96 | $1.71 | $2.01 | $1.98 |
| Income from continuing operations, net of tax (in dollars per share) | $1.96 | $1.70 | $1.96 | $1.98 |
| Loss from discontinued operations, net of tax (in dollars per share) | -$0.01 | $0.00 | $0.04 | $0.00 |
| Earnings per common share (attributable to PPG) - assuming dilution (in dollars per share) | $1.95 | $1.70 | $2.00 | $1.98 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $2.2B | $1.3B | $1.5B | $1.1B |
| Short-term investments | $56.0M | $88.0M | $75.0M | $55.0M |
| Receivables | $3.3B | $3.0B | $3.3B | $3.3B |
| Inventories | $2.0B | $1.8B | $2.1B | $2.3B |
| Other current assets | $408.0M | $368.0M | $436.0M | $444.0M |
| Total current assets | $8.0B | $6.6B | $7.4B | $7.2B |
| Property, plant and equipment, net | $4.0B | $3.5B | $3.6B | $3.3B |
| Goodwill | $6.1B | $5.7B | $6.2B | $6.1B |
| Identifiable intangible assets, net | $2.0B | $1.9B | $2.4B | $2.4B |
| Deferred income taxes | $481.0M | $303.0M | $273.0M | $95.0M |
| Investments | $332.0M | $331.0M | $259.0M | $244.0M |
| Operating lease right-of-use assets | $604.0M | $597.0M | $832.0M | $829.0M |
| Other assets | $597.0M | $569.0M | $584.0M | $583.0M |
| Accounts payable and accrued liabilities | $4.0B | $3.7B | $4.5B | $4.1B |
| Restructuring reserves | $99.0M | $128.0M | $87.0M | $138.0M |
| Short-term debt and current portion of long-term debt | $706.0M | $939.0M | $306.0M | $313.0M |
| Current portion of operating lease liabilities | $138.0M | $126.0M | $194.0M | $183.0M |
| Other | $0 | $90.0M | — | — |
| Total current liabilities | $4.9B | $5.0B | $5.1B | $4.7B |
| Long-term debt | $6.6B | $4.9B | $5.7B | $6.5B |
| Operating lease liabilities | $450.0M | $454.0M | $622.0M | $636.0M |
| Accrued pensions | $550.0M | $558.0M | $588.0M | $566.0M |
| Other postretirement benefits | $392.0M | $410.0M | $450.0M | $476.0M |
| Deferred income taxes | $457.0M | $405.0M | $508.0M | $501.0M |
| Other liabilities | $650.0M | $754.0M | $654.0M | $632.0M |
| Total liabilities | $14.0B | $12.5B | $13.6B | $14.0B |
| Common stock (Note 16) | $969.0M | $969.0M | $969.0M | $969.0M |
| Additional paid-in capital | $1.3B | $1.3B | $1.2B | $1.1B |
| Retained earnings | $22.9B | $22.0B | $21.5B | $20.8B |
| Treasury stock, at cost | ($15.1B) | ($14.3B) | ($13.6B) | ($13.5B) |
| Accumulated other comprehensive loss | ($2.2B) | ($3.1B) | ($2.2B) | ($2.8B) |
| Total PPG shareholders’ equity | $7.9B | $6.8B | $7.8B | $6.6B |
| Noncontrolling interests | $156.0M | $177.0M | $191.0M | $117.0M |
| Total shareholders’ equity | $8.1B | $7.0B | $8.0B | $6.7B |
| Total | $22.1B | $19.4B | $21.6B | $20.7B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.5B | $1.6B | $1.8B | $1.6B |
| Short-term investments | $74.0M | $51.0M | $76.0M | $64.0M |
| Receivables, net | $3.9B | $3.7B | $3.7B | $3.9B |
| Inventories | $2.2B | $2.2B | $2.2B | $2.2B |
| Other current assets | $529.0M | $508.0M | $415.0M | $450.0M |
| Total current assets | $8.3B | $8.0B | $8.2B | $8.2B |
| Property, plant and equipment (net of accumulated depreciation of $4,821 and $4,724) | $4.0B | $4.0B | $3.7B | $3.7B |
| Goodwill | $6.2B | $6.2B | $6.1B | $6.1B |
| Identifiable intangible assets, net | $1.9B | $2.0B | $2.0B | $2.0B |
| Deferred income taxes | $530.0M | $499.0M | $528.0M | $522.0M |
| Investments | $374.0M | $346.0M | $342.0M | $338.0M |
| Operating lease right-of-use assets | $590.0M | $603.0M | $615.0M | $634.0M |
| Other assets | $643.0M | $625.0M | $619.0M | $594.0M |
| Total assets | $22.5B | $22.1B | $22.1B | $22.1B |
| Accounts payable and accrued liabilities | $4.3B | $4.0B | $3.9B | $4.1B |
| Restructuring reserves | $96.0M | $78.0M | $115.0M | $147.0M |
| Short-term debt and current portion of long-term debt | $691.0M | $736.0M | $1.4B | $1.4B |
| Current portion of operating lease liabilities | $135.0M | $138.0M | $140.0M | $141.0M |
| Total current liabilities | $5.2B | $5.0B | $5.6B | $5.8B |
| Long-term debt | $6.2B | $6.4B | $5.9B | $5.9B |
| Operating lease liabilities | $438.0M | $449.0M | $460.0M | $475.0M |
| Accrued pensions | $549.0M | $550.0M | $562.0M | $562.0M |
| Other postretirement benefits | $386.0M | $390.0M | $406.0M | $409.0M |
| Deferred income taxes | $506.0M | $496.0M | $506.0M | $501.0M |
| Other liabilities | $641.0M | $651.0M | $738.0M | $727.0M |
| Total liabilities | $13.9B | $13.9B | $14.2B | $14.4B |
| Common stock | $969.0M | $969.0M | $969.0M | $969.0M |
| Additional paid-in capital | $1.4B | $1.4B | $1.3B | $1.3B |
| Retained earnings | $23.4B | $23.2B | $22.8B | $22.5B |
| Treasury stock, at cost | ($15.3B) | ($15.2B) | ($15.0B) | ($14.9B) |
| Accumulated other comprehensive loss | ($2.1B) | ($2.2B) | ($2.3B) | ($2.3B) |
| Total PPG shareholders’ equity | $8.4B | $8.1B | $7.8B | $7.6B |
| Noncontrolling interests | $147.0M | $150.0M | $156.0M | $167.0M |
| Total shareholders’ equity | $8.6B | $8.3B | $8.0B | $7.7B |
| Total liabilities and shareholders' equity | $22.5B | $22.1B | $22.1B | $22.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Income from continuing operations | $1.6B | $1.4B | $1.3B | $1.1B |
| Depreciation and amortization | $528.0M | $492.0M | $558.0M | $554.0M |
| Pension settlement charge | $0 | $0 | $190.0M | — |
| Impairment and other-related charges, net | $24.0M | $146.0M | $160.0M | $245.0M |
| Stock-based compensation expense | $46.0M | $42.0M | $59.0M | $35.0M |
| Deferred income taxes | ($27.0M) | ($97.0M) | ($183.0M) | ($157.0M) |
| Business restructuring, net | $6.0M | $233.0M | — | $33.0M |
| Cash contributions to pension plans | ($29.0M) | ($26.0M) | ($46.0M) | ($11.0M) |
| Cash used for restructuring actions | ($82.0M) | ($52.0M) | ($57.0M) | ($85.0M) |
| Receivables | ($190.0M) | ($181.0M) | $10.0M | ($268.0M) |
| Inventories | ($35.0M) | ($27.0M) | $203.0M | ($227.0M) |
| Other current assets | ($1.0M) | ($30.0M) | ($53.0M) | ($60.0M) |
| Accounts payable and accrued liabilities | $67.0M | ($259.0M) | $130.0M | ($8.0M) |
| Noncurrent assets and liabilities, net | ($40.0M) | ($73.0M) | ($47.0M) | ($136.0M) |
| Taxes and interest payable | ($105.0M) | ($31.0M) | $71.0M | $143.0M |
| Other | $187.0M | ($123.0M) | $107.0M | ($151.0M) |
| Cash from operating activities - continuing operations | $1.9B | $1.4B | — | — |
| Cash from operating activities - discontinued operations | $5.0M | $29.0M | — | — |
| Cash from operating activities | $1.9B | $1.4B | $2.4B | $963.0M |
| Capital expenditures | ($778.0M) | ($721.0M) | ($549.0M) | ($518.0M) |
| Business acquisitions, net of cash balances acquired | ($1.0M) | ($31.0M) | ($109.0M) | ($114.0M) |
| Proceeds from divestiture of businesses | $43.0M | $325.0M | $36.0M | $117.0M |
| Other | $36.0M | $28.0M | $66.0M | $54.0M |
| Cash used for investing activities - continuing operations | ($700.0M) | ($399.0M) | — | — |
| Cash from/(used for) investing activities - discontinued operations | $0 | $506.0M | — | — |
| Cash (used for)/from investing activities | ($700.0M) | $107.0M | ($556.0M) | ($461.0M) |
| Proceeds from Term Loan, net of fees | $309.0M | $274.0M | $550.0M | $0 |
| Repayment of Term Loan Credit Agreement | $0 | $0 | ($1.1B) | ($300.0M) |
| Proceeds from the issuance of debt, net of discounts and fees | $1.6B | $0 | $0 | $1.1B |
| Repayment of long-term debt | ($1.0B) | ($300.0M) | ($300.0M) | $0 |
| Purchase of treasury stock | ($790.0M) | ($752.0M) | ($86.0M) | ($190.0M) |
| Dividends paid on PPG common stock | ($628.0M) | ($622.0M) | ($598.0M) | ($570.0M) |
| Other | ($30.0M) | ($25.0M) | ($16.0M) | ($24.0M) |
| Cash used for financing activities - continuing operations | ($545.0M) | ($1.4B) | — | — |
| Cash used for financing activities - discontinued operations | $0 | $0 | — | — |
| Cash used for financing activities | ($545.0M) | ($1.4B) | ($1.6B) | ($409.0M) |
| Effect of currency exchange rate changes on cash and cash equivalents | $197.0M | ($325.0M) | $110.0M | $1.0M |
| Cash reclassified to assets held for sale | $0 | $0 | — | $0 |
| Net increase/(decrease) in cash and cash equivalents | $893.0M | ($223.0M) | $415.0M | $94.0M |
| Cash and cash equivalents, beginning of year | $1.3B | $1.5B | $1.1B | $1.0B |
| Cash and cash equivalents, end of year | $2.2B | $1.3B | $1.5B | $1.1B |
| Interest paid, net of amount capitalized | $210.0M | $247.0M | $213.0M | $156.0M |
| Taxes paid, net of refunds | $438.0M | $653.0M | $495.0M | $452.0M |
| Capital expenditures accrued within Accounts payable and accrued liabilities at year-end | $147.0M | $160.0M | $174.0M | $76.0M |
| Purchases of treasury stock transacted but not yet settled | $4.0M | $12.0M | $14.0M | $0 |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income/(loss) attributable to the controlling and noncontrolling interests | $825.0M | $385.0M | $1.3B | $836.0M |
| Loss from discontinued operations, net of tax | ($2.0M) | $0 | $7.0M | ($2.0M) |
| Income from continuing operations | $827.0M | $385.0M | $1.3B | $838.0M |
| Depreciation and amortization | $266.0M | $132.0M | $394.0M | $256.0M |
| Stock-based compensation expense | $27.0M | $11.0M | $35.0M | $36.0M |
| Deferred income taxes | ($33.0M) | $11.0M | ($42.0M) | ($22.0M) |
| Cash used for restructuring actions | ($28.0M) | ($16.0M) | ($62.0M) | ($45.0M) |
| Receivables | ($623.0M) | ($343.0M) | ($574.0M) | ($745.0M) |
| Inventories | ($189.0M) | ($156.0M) | ($226.0M) | ($256.0M) |
| Other current assets | ($112.0M) | ($103.0M) | $29.0M | $3.0M |
| Accounts payable and accrued liabilities | $481.0M | $209.0M | $182.0M | $300.0M |
| Taxes and interest payable | $35.0M | ($32.0M) | ($91.0M) | ($94.0M) |
| Noncurrent assets and liabilities, net | ($56.0M) | ($39.0M) | ($42.0M) | ($22.0M) |
| Other | ($1.0M) | ($26.0M) | $168.0M | $122.0M |
| Cash from operating activities - continuing operations | $594.0M | $33.0M | $1.0B | $371.0M |
| Cash used for operating activities - discontinued operations | ($2.0M) | $0 | $7.0M | ($2.0M) |
| Cash from operating activities | $592.0M | $33.0M | $1.1B | $369.0M |
| Capital expenditures | ($309.0M) | ($196.0M) | ($477.0M) | ($330.0M) |
| Business acquisitions, net of cash balances acquired | ($145.0M) | ($79.0M) | $0 | $0 |
| Other | ($4.0M) | ($4.0M) | $60.0M | $42.0M |
| Cash used for investing activities | ($458.0M) | ($279.0M) | ($417.0M) | ($288.0M) |
| Proceeds from the issuance of debt, net of discounts and fees | $403.0M | $0 | $940.0M | $940.0M |
| Proceeds from Term Loan, net of fees | $0 | $0 | $309.0M | $309.0M |
| Repayment of long-term debt | ($700.0M) | ($700.0M) | ($341.0M) | ($341.0M) |
| Purchase of treasury stock | ($175.0M) | ($96.0M) | ($687.0M) | ($540.0M) |
| Dividends paid on PPG common stock | ($317.0M) | ($159.0M) | ($468.0M) | ($308.0M) |
| Other | $11.0M | $54.0M | ($22.0M) | ($23.0M) |
| Cash (used for)/from financing activities | ($778.0M) | ($334.0M) | ($269.0M) | $37.0M |
| Effect of currency exchange rate changes on cash and cash equivalents | $1.0M | ($10.0M) | $194.0M | $173.0M |
| Net (decrease)/increase in cash and cash equivalents | ($643.0M) | ($590.0M) | $562.0M | $291.0M |
| Cash and cash equivalents, beginning of period | $2.2B | $2.2B | $1.3B | $1.3B |
| Cash and cash equivalents, end of period | $1.5B | $1.6B | $1.8B | $1.6B |
| Interest paid, net of amount capitalized | $167.0M | $105.0M | $172.0M | $117.0M |
| Taxes paid, net of refunds | $230.0M | $144.0M | $336.0M | $230.0M |
| Capital expenditures accrued within Accounts payable and accrued liabilities at period-end | $59.0M | $52.0M | $64.0M | $67.0M |
| Purchases of treasury stock transacted but not yet settled | $4.0M | $8.0M | — | — |
PPG Industries Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.