PPG Industries Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	15,875	15,845	16,242	15,614	16,802
Revenue Growth (YoY)	0.19%	-2.44%	4.02%	-7.07%	21.45%
Cost of Revenue	9,316	9,205	9,633	9,933	10,245
Gross Profit	6,559	6,640	6,609	5,681	6,557
Selling, General & Admin	3,439	3,481	3,485	3,069	3,806
Research & Development	423	423	424	434	439
Amortization of Goodwill & Intangibles	125	132	154	145	172
Operating Expenses	4,390	4,396	4,423	4,005	4,806
Operating Income	2,169	2,244	2,186	1,676	1,751
Interest Expense	-241	-241	-247	-167	-121
Interest & Investment Income	153	177	140	54	26
Earnings From Equity Investments	-	20	21	25	15
Other Non Operating Income (Expenses)	-24	8	-35	27	47
EBT Excluding Unusual Items	2,057	2,208	2,065	1,615	1,718
Merger & Restructuring Charges	-6	-343	2	-33	3
Impairment of Goodwill	-	-	-158	-	-
Gain (Loss) on Sale of Assets	-	129	-23	4	10
Asset Writedown	-24	-146	-2	-231	-21
Legal Settlements	12	-	-	-	22
Other Unusual Items	-	-	-210	-	83
Pretax Income	2,045	1,852	1,690	1,355	1,815
Income Tax Expense	458	475	428	320	374
Earnings From Continuing Operations	1,587	1,377	1,262	1,035	1,441
Earnings From Discontinued Operations	5	-228	47	19	19
Net Income to Company	1,592	1,149	1,309	1,054	1,460
Minority Interest in Earnings	-16	-33	-39	-28	-21
Net Income	1,576	1,116	1,270	1,026	1,439
Net Income to Common	1,576	1,116	1,270	1,026	1,439
Net Income Growth	41.22%	-12.13%	23.78%	-28.70%	35.88%
Shares Outstanding (Basic)	226	234	236	236	238
Shares Outstanding (Diluted)	227	235	237	237	239
Shares Change (YoY)	-3.32%	-0.97%	-0.04%	-0.88%	0.63%
EPS (Basic)	6.96	4.77	5.38	4.35	6.06
EPS (Diluted)	6.94	4.75	5.36	4.32	6.01
EPS Growth	46.17%	-11.36%	24.03%	-28.11%	34.96%
Free Cash Flow	-	699	1,895	477	1,191
Free Cash Flow Per Share	-	2.98	7.99	2.01	4.97
Dividend Per Share	2.780	2.660	2.540	2.420	2.260
Dividend Growth	4.51%	4.72%	4.96%	7.08%	7.62%
Gross Margin	41.32%	41.91%	40.69%	36.38%	39.02%
Operating Margin	13.66%	14.16%	13.46%	10.73%	10.42%
Profit Margin	9.93%	7.04%	7.82%	6.57%	8.56%
Free Cash Flow Margin	-	4.41%	11.67%	3.06%	7.09%
EBITDA	2,694	2,736	2,700	2,178	2,312
EBITDA Margin	16.97%	17.27%	16.62%	13.95%	13.76%
D&A For EBITDA	525.33	492	514	502	561
EBIT	2,169	2,244	2,186	1,676	1,751
EBIT Margin	13.66%	14.16%	13.46%	10.73%	10.42%
Effective Tax Rate	22.40%	25.65%	25.32%	23.62%	20.61%
Advertising Expenses	-	203	193	159	243

Updated Jan 27, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q