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	9,252	9,678	9,975	10,286
Gross Profit	6,559	6,593	6,564	5,639	6,516
Selling, General & Admin	3,439	3,391	3,401	3,037	3,780
Depreciation & Amortization Expenses	528	492	514	502	561
Research & Development	423	423	424	434	439
Other Operating Expenses	36	371	428	198	-174
Total Operating Expenses	4,426	4,677	4,767	4,171	4,606
Operating Income	2,133	1,916	1,797	1,468	1,910
Interest Income	153	177	140	54	26
Interest Expense	-241	-241	-247	-167	-121
Total Non-Operating Income (Expense)	-88	-64	-107	-113	-95
Pretax Income	2,045	1,852	1,690	1,355	1,815
Provision for Income Taxes	458	475	428	320	374
Net Income	1,576	1,116	1,270	1,026	1,439
Minority Interest in Earnings	16	33	39	28	21
Earnings From Discontinued Operations	5	-228	47	19	19
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	4.26	5.98
EPS (Diluted)	6.94	4.75	5.35	4.24	5.93
EPS Growth	46.11%	-11.21%	26.18%	-28.50%	33.26%
Shares Outstanding	223.43	229.93	235.21	235.07	235.91
Free Cash Flow	1,163	699	1,895	477	1,191
Free Cash Flow Growth	66.38%	-63.11%	297.27%	-59.95%	-34.77%
Free Cash Flow Per Share	5.12	2.98	7.99	2.01	4.97
Dividends 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%	41.61%	40.41%	36.12%	38.78%
Operating Margin	13.44%	12.09%	11.06%	9.40%	11.37%
Profit Margin	10.00%	8.69%	7.77%	6.63%	8.58%
FCF Margin	7.33%	4.41%	11.67%	3.05%	7.09%
EBITDA	2,661	2,408	2,311	1,970	2,471
EBITDA Margin	16.76%	15.20%	14.23%	12.62%	14.71%
EBIT	2,133	1,916	1,797	1,468	1,910
EBIT Margin	13.44%	12.09%	11.06%	9.40%	11.37%
Effective Tax Rate	22.40%	25.65%	25.33%	23.62%	20.61%

Updated Jan 27, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q