Company / Operating Margin
PPG Industries Operating Margin History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
16.5%
FY2023
5-year range
13.1% / 16.5%
FY2019-FY2023
Trend
+25.9%
vs FY2022
Sector context
#20 of 84
Materials
What the data says
PPG Industries's operating margin of 16.5% is higher than 76% of companies in the Materials sector (FY2023). Operating Margin returned to growth in FY2023 after 3 years of decline, reaching 16.5%.
Based on SEC 10-K filings.
16.5% in FY2023 with a 5-year CAGR of +2.7%. Top quartile in the Materials sector.
Improved from 15.0% to 16.5% over the past 2 years.
Materials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +1.2pp
- 5-Year Change
- +2.7pp
- 10-Year Change
- -
Sector benchmark
Top 24% in MaterialsTop 24% of 84This company 16.5% Sector average -70.2%
▼
+123.5% above sector average
Key checks
Key Insights
- In FY2023, operating margin increased 25.9% year-over-year.
- Currently 86.7pp above the Materials sector average.
- Lowest operating margin in the period was in FY2022.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | 16.5% | +25.9% |
| FY2022 | 13.1% | -12.7% |
| FY2021 | 15.0% | -1.7% |
| FY2020 | 15.3% | -1.9% |
| FY2019 | 15.5% | +12.8% |
| FY2018 | 13.8% | -11.3% |
| FY2017 | 15.5% | +4.9% |
| FY2016 | 14.8% | +9.9% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026