PPG Industries Inc (PPG) stock
PPGNYSEPaints, Varnishes, Lacquers, Enamels & Allied ProdsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 19/3016% below fair value
$122.35−2.62 (-2.10%)
Close on Nov 12, 2026Market cap $27.03BP/E 17.5Yield 2.27%
PPG Industries operating margin
Operating margin is operating income as a percentage of revenue.
PPG Industries's operating margin for the twelve months ending Sep 30, 2024 was 18.7%. For fiscal 2023 it was 16.5%, against 13.1% the year before. The highest annual figure on record is 16.7% in fiscal 2016.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | 16.5% | +3.4 |
| FY2022 | Dec 31, 2022 | 13.1% | +0.2 |
| FY2021 | Dec 31, 2021 | 12.9% | −2.3 |
| FY2020 | Dec 31, 2020 | 15.2% | +0.3 |
| FY2019 | Dec 31, 2019 | 15.0% | +1.2 |
| FY2018 | Dec 31, 2018 | 13.8% | −1.8 |
| FY2017 | Dec 31, 2017 | 15.5% | −1.2 |
| FY2016 | Dec 31, 2016 | 16.7% | +0.6 |
| FY2015 | Dec 31, 2015 | 16.1% | +1.2 |
| FY2014 | Dec 31, 2014 | 14.8% | +1.3 |
| FY2013 | Dec 31, 2013 | 13.5% | +0.6 |
| FY2012 | Dec 31, 2012 | 12.8% | +0.2 |
| FY2011 | Dec 31, 2011 | 12.6% | −0.2 |
| FY2010 | Dec 31, 2010 | 12.8% | +3.1 |
| FY2009 | Dec 31, 2009 | 9.7% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 17.4% | −0.3 |
| Q2 FY2026 | Jun 30, 2026 | 16.5% | +0.1 |
| Q1 FY2026 | Mar 31, 2026 | 16.2% | −0.9 |
| Q3 FY2025 | Sep 30, 2025 | 16.9% | −1.9 |
| Q2 FY2025 | Jun 30, 2025 | 17.7% | +0.4 |
| Q1 FY2025 | Mar 31, 2025 | 16.5% | −7.2 |
| Q3 FY2024 | Sep 30, 2024 | 17.1% | +2.1 |
| Q2 FY2024 | Jun 30, 2024 | 18.8% | +2.6 |
| Q1 FY2024 | Mar 31, 2024 | 17.3% | +2.8 |
| Q4 FY2023 | Dec 31, 2023 | 23.7% | +3.8 |
| Q3 FY2023 | Sep 30, 2023 | 15.0% | +2.6 |
| Q2 FY2023 | Jun 30, 2023 | 16.2% | +3.3 |
| Q1 FY2023 | Mar 31, 2023 | 14.5% | +3.8 |
| Q4 FY2022 | Dec 31, 2022 | 19.9% | +11.6 |
| Q3 FY2022 | Sep 30, 2022 | 12.4% | −0.1 |
| Q2 FY2022 | Jun 30, 2022 | 12.8% | −1.9 |
| Q1 FY2022 | Mar 31, 2022 | 10.7% | −5.6 |
| Q4 FY2021 | Dec 31, 2021 | 8.3% | −7.2 |
| Q3 FY2021 | Sep 30, 2021 | 12.5% | −5.9 |
| Q2 FY2021 | Jun 30, 2021 | 14.8% | +1.6 |
| Q1 FY2021 | Mar 31, 2021 | 16.3% | +2.8 |
| Q4 FY2020 | Dec 31, 2020 | 15.5% | +1.6 |
| Q3 FY2020 | Sep 30, 2020 | 18.4% | +3.1 |
| Q2 FY2020 | Jun 30, 2020 | 13.1% | −3.3 |
| Q1 FY2020 | Mar 31, 2020 | 13.4% | −0.8 |
| Q4 FY2019 | Dec 31, 2019 | 13.9% | +1.6 |
| Q3 FY2019 | Sep 30, 2019 | 15.3% | +2.2 |
| Q2 FY2019 | Jun 30, 2019 | 16.4% | +0.6 |
| Q1 FY2019 | Mar 31, 2019 | 14.2% | +0.5 |
| Q4 FY2018 | Dec 31, 2018 | 12.3% | −0.6 |
| Q3 FY2018 | Sep 30, 2018 | 13.1% | −2.5 |
| Q2 FY2018 | Jun 30, 2018 | 15.8% | −1.8 |
| Q1 FY2018 | Mar 31, 2018 | 13.7% | −2.4 |
| Q4 FY2017 | Dec 31, 2017 | 12.8% | −1.8 |
| Q3 FY2017 | Sep 30, 2017 | 15.6% | – |
| Q2 FY2017 | Jun 30, 2017 | 17.6% | – |
| Q1 FY2017 | Mar 31, 2017 | 16.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 14.7% | – |
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