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PPG Industries
PPG · NYSEMaterials — Specialty Coatings
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Chemicals,metals & gasesrefining & reactingFinishedmaterialspaints, packaging, aggreg…Distribution &logisticshow it gets thereCustomers &end marketswho paysCCChemoursTROXTronoxTiO₂Titanium dioxide (TiO₂)DOWDowRESResins & petrochemicalsSLVSolvents & additivesPPGPPG IndustriesAERAerospace coatingsOEMAutomotive OEM coatingsREFAutomotive refinishPROProtective & marineINDIndustrial coatingsPKGPackaging coatingsDSTDistributors & paint storesBABoeingAIRAirbusAUTOGlobal automakersSHOPBody shops & repairBLDConstruction & infrastructureMFGManufacturers & industryCPGFood, drink & consumer brands
Company details
Market cap
~$27.5B
P/E ratio
~17×
Div yield
~2.7%
Adj. EPS (2025)
$7.58
Profit margin
~10%
Rev. growth
~flat
Revenue (2025)
~$15.9B
Operating cash flow
~$1.9B
In plain English
PPG is one of the world's largest coatings companies: it turns pigments, resins and solvents into the paint sprayed onto new cars, the protective system on Boeing jets, the colour-match paint in collision shops, the corrosion coatings on ships and bridges, and the linings inside food and drink cans. After buying its way across the globe (Comex, Tikkurila, Ennis-Flint) and a failed ~$28B run at rival AkzoNobel, it has since slimmed down — selling its US/Canada architectural-paint business in 2024 to focus on higher-margin industrial and performance coatings.
In simple terms
What PPG Industries really sells
PPG is one of the world's largest coatings companies: it turns pigments, resins and solvents into the paint sprayed onto new cars, the protective system on Boeing jets, the colour-match paint in collision shops, the corrosion coatings on ships and bridges, and the linings inside food and drink cans. After buying its way across the globe (Comex, Tikkurila, Ennis-Flint) and a failed ~$28B run at rival AkzoNobel, it has since slimmed down — selling its US/Canada architectural-paint business in 2024 to focus on higher-margin industrial and performance coatings.
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Risk read
Moderate
SteadierMore speculative
Why this rating?