Stocks · Basic Materials · Chemicals - Specialty
PPG Industries, Inc. PPG
$105.15 +0.46% Close, Oct 2, 2026 · NYSE · Market cap $23.37B
Strong growthInexpensive vs sector
Next earnings report: Oct 27, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $6.98, up 58.3% year over year.
- The shares trade at 15.1× trailing earnings, lower than 95% of the company's own readings over the past five years.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
PromtFinance scores
Each score is a percentile within the Basic Materials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 29%
- EPS growth (TTM, YoY)Top 22%
- FCF growth (TTM, YoY)Top 17%
- Revenue growth, 3-year CAGRTop 40%
- Revenue growth accelerationTop 41%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 35%
- Gross marginTop 22%
- Operating marginTop 35%
- Cash conversion (OCF / net income)Bottom 40%
- Accruals (lower is better)Bottom 26%
- Net debt / EBITDA (lower is better)Bottom 41%
- Interest coverTop 37%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 16%
- Free-cash-flow yieldTop 30%
- EBITDA / enterprise valueTop 29%
- Sales / enterprise valueTop 46%
- P/E vs own 5-year history (lower is better)Top 13%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 45%
- 6-month returnTop 36%
- 1-year return vs S&P 500Bottom 48%
- Distance from 52-week highTop 34%
- Trend checklist (0–4)Bottom 26%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 39%
- Consecutive EPS beatsBottom 21%
- Share of analysts rating BuyBottom 48%
- Upside to consensus price targetBottom 38%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 11%
- Maximum drawdown, 3 yearsTop 26%
- Beta vs S&P 500 (lower is better)Top 40%
- Net debt / EBITDA (lower is better)Bottom 41%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 10.0% | 12.3% | ↑ |
| EPS growth (YoY) | 50.1% | 58.3% | ↑ |
| Gross margin | 40.9% | 40.1% | ↓ |
| Operating margin | 14.6% | 12.5% | ↓ |
| FCF margin | 5.5% | 8.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 12.3% | 10.0% | ↑ | Top 29% |
| EPS growth (TTM, YoY) | 58.3% | 50.1% | ↑ | Top 22% |
| Gross margin | 40.1% | 40.9% | ↓ | Top 22% |
| Operating margin | 12.5% | 14.6% | ↓ | Top 35% |
| Net margin | 9.6% | 6.9% | ↑ | — |
| Free-cash-flow margin | 8.6% | 5.5% | ↑ | — |
| Return on invested capital | 8.8% | — | Top 35% | |
| Revenue growth, 3-year CAGR | 0.6% | — | Top 40% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.38×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -11.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.13×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 8.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.73%
- Net buyback yield (TTM)
- 1.82%
- Shareholder yield
- 4.54%
- Share count change, 1 year
- -1.7%
- Share count change, 3-year CAGR
- -1.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- -0.3%
- Average 2-day reaction, last 8
- -0.5%
- Positive 20 days after report
- 2 of 8
Analysts
- Consensus price target
- $131.50
- Target vs current price
- +25.1%
- Analysts with a rating
- 38
- Share rating Buy or Strong Buy
- 55%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | -0.9% | +0.5% | -3.8% | -4.4% | — |
| Apr 28, 2026 | +2.8% | -2.4% | -5.6% | -0.7% | +3.1% |
| Jan 27, 2026 | -4.4% | -2.1% | +3.4% | +11.5% | -0.9% |
| Oct 28, 2025 | +1.4% | -0.1% | -9.9% | -7.9% | +6.5% |
| Jul 29, 2025 | -0.4% | -1.5% | -7.9% | -1.6% | -8.4% |
| Apr 29, 2025 | +6.2% | +0.8% | +7.1% | +9.0% | +11.7% |
| Jan 30, 2025 | -1.8% | +0.3% | -8.0% | -7.1% | -16.2% |
| Oct 16, 2024 | -0.9% | +0.4% | -2.5% | -6.3% | -11.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $2.23 | $2.25 | -0.9% | $4.50B |
| Apr 28, 2026 | $1.83 | $1.78 | +2.8% | $3.93B |
| Jan 27, 2026 | $1.51 | $1.58 | -4.4% | $3.91B |
| Oct 28, 2025 | $2.13 | $2.10 | +1.4% | $4.08B |
| Jul 29, 2025 | $2.22 | $2.23 | -0.4% | $4.20B |
| Apr 29, 2025 | $1.72 | $1.62 | +6.2% | $3.68B |
| Jan 30, 2025 | $1.61 | $1.64 | -1.8% | $2.17B |
| Oct 16, 2024 | $2.13 | $2.15 | -0.9% | $4.58B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 15.1× | 24.1× | 5th | Top 16% |
| P/E (forward) | 13.3× | — | — | — |
| EV / EBITDA | 10.5× | — | — | Top 29% |
| EV / Sales | 1.79× | — | — | Top 46% |
| Free-cash-flow yield | 6.02% | — | — | Top 30% |
| Earnings yield | 6.64% | — | — | Top 16% |
P/E over the past five years
Range 14.9× – 29.9× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +1.0%
- Earnings per share growth (TTM)
- +58.3%
- Change in P/E multiple
- -33.5%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -4.2%
- 200-day average slope (20 days)
- +0.6%
- Distance from 50-day average
- -5.4%
- Distance from 200-day average
- -6.1%
- RSI (14)
- 40.7
- Relative volume
- 0.64×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 27.2%
- Volatility vs own 5-year history
- 60th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.91
- Correlation with S&P 500
- 0.49
- Current drawdown from 1-year high
- -20.1%
- Maximum drawdown, 3 years
- -39.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 4, 2021 | Apr 8, 2025 | -49.7% | 965 days | Not yet recovered |
| Jan 13, 2021 | Feb 22, 2021 | -11.6% | 26 days | 23 days (Mar 25, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $23.37B
- P/E (TTM)
- 15.1
- EPS, diluted (TTM)
- $6.98
- Revenue (TTM)
- $16.42B
- Dividend yield
- 2.73%
- 52-week range
- $93.39 – $133.43
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $16.80B | $15.61B | $16.24B | $15.85B | $15.88B |
| Gross profit | $6.52B | $5.64B | $6.56B | $6.59B | $6.03B |
| Operating income | $1.69B | $1.67B | $2.04B | $2.29B | $2.17B |
| Net income | $1.44B | $1.03B | $1.27B | $1.12B | $1.58B |
| EPS (diluted) | $6.01 | $4.32 | $5.35 | $4.75 | $6.92 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.58B | $2.17B | $3.68B | $4.20B | $4.08B | $3.91B | $3.93B | $4.50B |
| Net income | $468.0M | -$280.0M | $373.0M | $450.0M | $453.0M | $300.0M | $382.0M | $437.0M |
| EPS (diluted) | $2.00 | -$1.20 | $1.63 | $1.98 | $2.00 | $1.33 | $1.70 | $1.95 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.56B | $963.0M | $2.41B | $1.42B | $1.94B |
| Capital expenditure | -$371.0M | -$486.0M | -$516.0M | -$721.0M | -$778.0M |
| Free cash flow | $1.19B | $477.0M | $1.90B | $699.0M | $1.16B |
| Dividends paid | -$536.0M | -$570.0M | -$598.0M | -$622.0M | -$628.0M |
| Net share buybacks | -$210.0M | -$190.0M | -$86.0M | -$752.0M | -$790.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.59B
- Total assets
- $22.53B
- Total liabilities
- $13.94B
- Total debt
- $7.46B
- Net debt
- $5.94B
- Shareholders’ equity
- $8.44B
As of Jun 30, 2026 (filed Jul 29, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 10, 2026 | $0.74 | Sep 11, 2026 |
| May 11, 2026 | $0.71 | Jun 12, 2026 |
| Feb 20, 2026 | $0.71 | Mar 12, 2026 |
| Nov 10, 2025 | $0.71 | Dec 12, 2025 |
| Aug 11, 2025 | $0.71 | Sep 12, 2025 |
| May 12, 2025 | $0.68 | Jun 12, 2025 |
| Feb 21, 2025 | $0.68 | Mar 12, 2025 |
| Nov 12, 2024 | $0.68 | Dec 12, 2024 |
Short interest
- Shares sold short
- 6,492,272
- Days to cover
- 4.01
- Change vs previous report
- +10.8%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jun 15, 2015
- 2-for-1
- Jun 13, 1994
- 2-for-1
- Mar 13, 1987
- 2-for-1
- Sep 13, 1983
- 2-for-1
- Jul 25, 1977
- 3-for-2