PPG Industries Income Statement

PPG / Materials|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

PPG Industries reported $15.9B in revenue and $1.6B in net income for FY2025. Revenue has grown at a 1.4% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$15.9B	$15.8B	$16.2B	$15.6B	$15.1B	$13.8B	$14.7B	$15.4B	$14.7B	$14.8B	$14.3B	$14.8B	$15.1B	$13.5B	$13.2B
Cost of Revenue	$9.3B	$9.3B	$9.7B	$10.0B	$8.7B	$7.8B	$8.2B	$9.0B	$8.2B	-	-	-	-	-	-
SG&A Expense	$3.4B	$3.4B	$3.4B	$3.0B	$3.6B	$3.4B	$3.6B	$3.6B	$3.6B	$3.7B	$3.5B	$3.7B	$3.5B	$3.0B	$3.1B
R&D Expense	$446.0M	$447.0M	$446.0M	$457.0M	$456.0M	$401.0M	$472.0M	$464.0M	$472.0M	$499.0M	$479.0M	$499.0M	$479.0M	$444.0M	$443.0M
Operating Income	-	-	$2.7B	$2.0B	$2.3B	$2.1B	$2.3B	$2.1B	$2.3B	$2.2B	$1.9B	$2.2B	$1.9B	$1.6B	$1.7B
Interest Expense	-	-	$247.0M	$167.0M	$132.0M	$138.0M	$105.0M	$118.0M	$105.0M	$187.0M	$196.0M	$187.0M	$196.0M	$210.0M	$210.0M
Income Tax	$458.0M	$475.0M	$428.0M	$320.0M	$392.0M	$291.0M	$615.0M	$353.0M	$615.0M	$237.0M	$253.0M	$237.0M	$253.0M	$148.0M	$260.0M
Net Income	$1.6B	$1.1B	$1.3B	$1.0B	$1.2B	$1.1B	$1.6B	$1.3B	$1.6B	$2.1B	$3.2B	$2.1B	$3.2B	$941.0M	$1.1B
EPS (Basic)	$5.38	$4.34	$6.06	$4.47	$5.25	$5.50	$6.22	$3.29	$5.18	$7.60	$11.27	$6.13	$6.96	$4.67	$2.04
EPS (Diluted)	$5.35	$4.32	$6.01	$4.45	$5.22	$5.47	$6.18	$3.27	$5.14	$7.52	$11.13	$6.06	$6.87	$4.63	$2.03
Shares Outstanding	235.1M	235.9M	236.7M	235.7M	235.9M	251.2M	257.3M	266.9M	272.0M	277.3M	307.1M	151.9M	160.4M	165.7M	164.2M
Operating Margin	-	-	16.5%	13.1%	15.0%	15.3%	15.5%	13.8%	15.5%	14.8%	13.5%	14.8%	12.7%	12.1%	12.6%
Profit Margin	9.9%	7.0%	7.8%	6.6%	8.2%	7.7%	10.8%	8.7%	10.8%	14.2%	22.7%	14.2%	21.4%	7.0%	8.3%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

PPG Industries Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$15.9B

$15.8B

$16.2B

$15.6B

$15.1B

$13.8B

$14.7B

$15.4B

$14.7B

$14.8B

$14.3B

$14.8B

$15.1B

$13.5B

$13.2B

Cost of Revenue

$9.3B

$9.7B

$10.0B

$8.7B

$7.8B

$8.2B

$9.0B

$8.2B

SG&A Expense

$3.4B

$3.0B

$3.6B

$3.4B

$3.6B

$3.7B

$3.5B

$3.7B

$3.5B

$3.0B

$3.1B

R&D Expense

$446.0M

$447.0M

$446.0M

$457.0M

$456.0M

$401.0M

$472.0M

$464.0M

$472.0M

$499.0M

$479.0M

$499.0M

$479.0M

$444.0M

$443.0M

Operating Income

$2.7B

$2.0B

$2.3B

$2.1B

$2.3B

$2.1B

$2.3B

$2.2B

$1.9B

$2.2B

$1.9B

$1.6B

$1.7B

Interest Expense

$247.0M

$167.0M

$132.0M

$138.0M

$105.0M

$118.0M

$105.0M

$187.0M

$196.0M

$187.0M

$196.0M

$210.0M

Income Tax

$458.0M

$475.0M

$428.0M

$320.0M

$392.0M

$291.0M

$615.0M

$353.0M

$615.0M

$237.0M

$253.0M

$237.0M

$253.0M

$148.0M

$260.0M

Net Income

$1.6B

$1.1B

$1.3B

$1.0B

$1.2B

$1.1B

$1.6B

$1.3B

$1.6B

$2.1B

$3.2B

$2.1B

$3.2B

$941.0M

$1.1B

EPS (Basic)

$5.38

$4.34

$6.06

$4.47

$5.25

$5.50

$6.22

$3.29

$5.18

$7.60

$11.27

$6.13

$6.96

$4.67

$2.04

EPS (Diluted)

$5.35

$4.32

$6.01

$4.45

$5.22

$5.47

$6.18

$3.27

$5.14

$7.52

$11.13

$6.06

$6.87

$4.63

$2.03

Shares Outstanding

235.1M

235.9M

236.7M

235.7M

235.9M

251.2M

257.3M

266.9M

272.0M

277.3M

307.1M

151.9M

160.4M

165.7M

164.2M

Operating Margin

16.5%

13.1%

15.0%

15.3%

15.5%

13.8%

15.5%

14.8%

13.5%

14.8%

12.7%

12.1%

12.6%

Profit Margin

9.9%

7.0%

7.8%

6.6%

8.2%

7.7%

10.8%

8.7%

10.8%

14.2%

22.7%

14.2%

21.4%

7.0%

8.3%