PPG|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $2.14 | - | - |
| Q2'26 | $2.28 | $2.23 | -2.1% |
| Q1'26 | $1.79 | $1.83 | +2.4% |
| Q4'25 | $1.71 | $1.51 | -11.7% |
| Q3'25 | $2.08 | $2.13 | +2.3% |
| Q2'25 | $2.22 | $2.22 | -0.0% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $4.3B | - | - |
| Q2'26 | $4.4B | $4.5B | +2.0% |
| Q1'26 | $3.9B | $3.9B | +1.1% |
| Q4'25 | $3.8B | $3.9B | +2.0% |
| Q3'25 | - | $4.1B | - |
| Q2'25 | - | $4.2B | - |
Market Data
PPG Stock Snapshot
PPG is currently trading at $117.66, giving PPG Industries, Inc. a market cap of 26.61B and a P/E ratio of 16.9. Today's range spans $117.17–$119.99, with shares opening at $117.58 and moving down $2.06 (1.7%) from the prior close. DailyIQ's technical score sits at 77/100 (BUY) with a news sentiment reading of 70/100.
Over the past year PPG has traded between $93.39 and $133.43 - the current price is +26.0% off the 52-week low and -11.8% from the high. 32 analysts cover the stock with a Hold consensus and a mean 12-month target of $126.20 (range $115.00–$138.00), implying upside of +7.3%.
Short interest data on large-cap Basic Materials names like PPG (26.61B market cap) becomes relevant when the technical picture turns bullish - a BUY on 77/100 with bullish sentiment (70/100) is exactly the kind of setup that makes shorts nervous. Price at $117.66 (in the middle of its 52-week range in $93.39–$133.43). The current P/E ratio stands at 16.9. Short covering in a bullish technical phase can add a secondary momentum layer on top of genuine long-side conviction - a dynamic worth monitoring in the current setup.
Earnings revision cycles in large-cap Basic Materials names tend to compound: when technicals confirm a BUY thesis (77/100) and news sentiment (70/100, bullish) supports the narrative, analyst upgrades follow price rather than lead it. At $117.66 (in the middle of its 52-week range), PPG's position within the $93.39–$133.43 annual range suggests there's room for multiple expansion before the stock encounters meaningful technical resistance.
Company Insights: PPG Industries, Inc. (PPG)
PPG Industries, Inc. is a prominent global manufacturer and distributor of paints, coatings, and specialty materials, serving a wide array of industries. The company's operational footprint spans multiple continents, with a significant presence in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. PPG's extensive product portfolio encompasses architectural paints, automotive coatings, aerospace sealants, and industrial finishes, catering to diverse end-markets such as construction, automotive, aerospace, and packaging. Established in 1883 and headquartered in Pittsburgh, Pennsylvania, PPG leverages its deep historical expertise and broad product offerings to maintain a robust competitive stance within the global coatings sector.
The company's strategic focus is divided across three core segments: Global Architectural Coatings, Performance Coatings, and Industrial Coatings, each contributing to its diversified revenue streams. Architectural coatings address both professional contractor and consumer markets, while performance coatings serve demanding applications in automotive, aerospace, and industrial sectors. Industrial coatings are vital for packaging, marine, and protective applications, underscoring PPG's reach into essential manufacturing processes. This segmented approach allows PPG to tailor its innovations and market strategies to the specific needs and trends within each distinct industry.
Recent operational performance indicates a mixed earnings trajectory, with EPS results fluctuating against analyst estimates in the past two quarters, including a miss in Q4 2025 and a beat in Q3 2025. Revenue experienced a modest increase in Q4 2025 quarter-over-quarter, suggesting some underlying demand resilience. While historical year-over-year growth has shown variability, the company's ability to innovate, such as with the launch of new products like STEELGUARD 652, alongside strategic community investments, could bolster future revenue and brand perception. Investors will be closely monitoring cost management and sustained revenue expansion in the context of these developments.
Market Leadership
PPG holds a leading global position in the paints, coatings, and specialty materials market.
Its comprehensive product range serves critical sectors including automotive, aerospace, construction, and packaging.
The company's extensive distribution network and brand recognition support its market dominance.
Product Innovation
Recent product launches, such as the STEELGUARD 652 fire protection coating, demonstrate a commitment to R&D.
Innovations aim to address evolving industry needs for performance, sustainability, and safety.
New product introductions are key drivers for potential revenue growth and market share gains.
Segment Diversification
Operations are structured across Global Architectural, Performance, and Industrial Coatings segments.
This diversification mitigates risk by reducing reliance on any single end-market.
Each segment caters to distinct customer needs and market dynamics, enhancing resilience.
Financial Performance
Recent EPS performance has shown variability, with beats and misses against analyst expectations.
Revenue saw a slight sequential increase in Q4 2025, indicating some top-line momentum.
Focus remains on managing costs effectively to drive profitability amidst fluctuating growth.
Competitive Landscape
PPG competes with major players like Sherwin-Williams (SHW) and Ecolab (ECL) in various segments.
The specialty chemicals industry is characterized by innovation, scale, and customer relationships.
Maintaining a competitive edge requires continuous product development and efficient operations.
Positioning PPG
Consider increasing exposure to PPG during periods of strong demand in its key end-markets, particularly automotive and aerospace, or following successful new product introductions that gain significant market traction. Conversely, reductions in exposure may be warranted if cost management falters, competitive pressures intensify, or if macroeconomic headwinds disproportionately impact its diversified customer base.
Risk Factors
PPG Industries faces risks primarily tied to its global operations, raw material costs, and the cyclical nature of its end markets. Investors should monitor these factors for potential impacts on profitability and growth.
- Raw Material Costs
PPG's profitability is sensitive to fluctuations in the cost of key raw materials like titanium dioxide, resins, and solvents. Significant price increases for these inputs can compress margins if not passed on to customers. This risk materializes during periods of supply chain disruption or increased global demand for these commodities.
- Construction Cycles
A substantial portion of PPG's revenue comes from architectural coatings, which are tied to new construction and renovation activity. A slowdown in the residential or commercial construction sectors, due to economic downturns or rising interest rates, can directly reduce demand for PPG's products. This risk is particularly relevant during periods of economic contraction.
- Automotive Demand
The automotive coatings segment is subject to the cyclicality of new vehicle production and the aftermarket repair market. Reduced automotive sales or production cuts by manufacturers directly impact PPG's performance in this segment. This risk becomes more pronounced during economic recessions or when the automotive industry faces supply chain issues, such as semiconductor shortages.
- Geographic Exposure
PPG operates globally, exposing it to currency fluctuations, geopolitical instability, and varying economic conditions in different regions. Adverse economic conditions or political events in key markets like China or Europe could negatively affect sales and profitability. This risk is heightened during periods of global trade tension or regional economic downturns.
- New Product Adoption
The company's growth relies on the successful development and market adoption of innovative products, such as its new water-based fire protection coating. Failure to gain traction with new offerings or delays in their market introduction could hinder revenue growth and competitive positioning. This risk is most relevant when competitors launch superior or more cost-effective solutions.
PPG Competitive Positioning
PPG Industries, Inc. (PPG) is tracked alongside these names in Specialty Chemicals on DailyIQ.
Key Metrics for PPG
PPG Industries' performance hinges on demand across its diverse end markets and its ability to manage raw material costs. Investors should monitor these key metrics to gauge the company's operational health and growth trajectory.
Net Sales Growth: Measures the increase or decrease in PPG's total revenue from period to period. Stronger growth indicates robust demand for PPG's coatings and specialty materials; declining sales suggest market weakness or competitive pressure. This is crucial for assessing PPG's market share and overall business expansion.
Segment Operating Margin: Indicates the profitability of PPG's core business segments before interest and taxes. Expanding margins signal effective cost management and pricing power; contracting margins point to cost pressures or competitive pricing. This metric is vital for understanding PPG's operational efficiency and profitability drivers.
Inventory Turnover: Shows how many times PPG's inventory is sold and replaced over a period. A higher turnover generally implies efficient inventory management and strong sales; a declining rate can suggest slowing demand or excess stock. This impacts working capital and operational efficiency for PPG.
Raw Material Costs: Tracks the expense of key inputs like titanium dioxide and resins used in PPG's products. Declining costs benefit margins; rising costs can pressure profitability if not passed on to customers. Monitoring this is essential for understanding PPG's cost structure and margin sustainability.
Acquisition Contribution: Assesses the revenue and profit generated from companies acquired by PPG. Successful integration and contribution from acquisitions are key growth drivers; underperforming acquisitions can be a drag. Investors watch this to evaluate PPG's inorganic growth strategy effectiveness.
Analyst Price Targets for PPG
The current spread of analyst price targets and ratings for PPG Industries, Inc. (PPG).
Reflects the most recently tracked analyst ratings for PPG and may lag real-time updates. Not a recommendation to buy or sell.
What Moves PPG Stock?
PPG Industries' stock performance is primarily driven by demand across its key end markets, particularly construction and automotive, alongside its innovation in specialty coatings.
End Market Demand
Demand for PPG's architectural and performance coatings is closely tied to activity in the construction and automotive sectors. Residential and commercial construction projects directly influence sales of architectural paints, while automotive production and repair cycles impact the performance coatings segment.
A robust construction environment typically leads to higher volumes and pricing power for PPG's architectural products. Conversely, downturns in auto manufacturing or repair can dampen performance coatings revenue, putting pressure on the stock.
Product Innovation
PPG consistently invests in developing new coatings and materials, such as its recently introduced PPG AQUACRON WSP shop primers and STEELGUARD 652 fire protection coating. These innovations aim to address specific industry needs for durability, sustainability, and performance.
Successful new product launches can create new revenue streams, capture market share from competitors like Sherwin-Williams, and enhance PPG's premium positioning. Positive market reception and adoption of these advanced products tend to support higher valuations and stock appreciation.
Global Operations
As a global manufacturer, PPG's financial results are influenced by economic conditions and currency fluctuations across North America, Europe, Asia Pacific, and other regions. Its diverse geographic footprint allows for market diversification but also exposes it to varied regional economic trends.
Strong performance in key international markets can offset weakness elsewhere, contributing to overall revenue growth and profitability. However, significant economic slowdowns or adverse currency movements in major operating regions can negatively impact earnings and the company's stock price.
Key insight: PPG's stock is sensitive to the cyclicality of its core construction and automotive markets, as well as its ability to innovate and capture share with new coating technologies. Investors should monitor these demand drivers and new product adoption for insights into future performance.
PPG Recent Earnings History
- Q4 2025
EPS: $1.51 actual vs $1.71 estimate (miss) · Revenue: $3,914M actual vs $3,836M estimate
- Q3 2025
EPS: $2.13 actual vs $2.08 estimate (beat) · Revenue: $4,082M actual
- Q2 2025
EPS: $2.22 actual vs $2.22 estimate (miss) · Revenue: $4,195M actual
- Q1 2025
EPS: $1.72 actual vs $1.62 estimate (beat) · Revenue: $3,684M actual
- Q4 2024
EPS: $1.61 actual vs $1.63 estimate (miss) · Revenue: $3,729M actual
Frequently Asked Questions About PPG
Is PPG Industries (PPG) stock a good investment opportunity?
PPG Industries' investment appeal often centers on its strong position in the global paints and coatings market, serving diverse sectors like construction, automotive, and aerospace. The company's broad product portfolio and established distribution network are key strengths. Investors might consider PPG's ability to innovate and adapt to evolving industry demands, alongside its financial performance and competitive landscape.
What drives PPG Industries (PPG) stock price?
The stock price of PPG Industries is influenced by several factors, including global economic conditions that affect demand in its key end markets like construction and automotive. Fluctuations in raw material costs, currency exchange rates, and the company's ability to pass on price increases also play a significant role. Investor sentiment regarding PPG's growth prospects, particularly in emerging markets and its specialty coatings segments, can also impact its valuation.
Does PPG Industries (PPG) pay a dividend?
Yes, PPG Industries typically pays a quarterly cash dividend to its shareholders. The company has a history of returning capital to investors through dividends and share repurchases. Investors interested in dividend income should review PPG's dividend history and payout ratio to assess its sustainability and growth potential.
What are the risks of investing in PPG Industries (PPG) stock?
Investing in PPG Industries carries risks inherent to the chemical and manufacturing sectors. These include exposure to cyclical end markets, volatility in raw material and energy prices, and intense competition from global and regional players. Regulatory changes related to environmental standards and potential disruptions in global supply chains also pose risks to the company's operations and profitability.
How does PPG Industries (PPG) perform in the specialty chemicals sector?
PPG Industries is a significant player in the specialty chemicals sector, particularly in paints, coatings, and specialty materials. Its diversified product offerings cater to a wide range of industrial and consumer applications, providing a degree of resilience. The company's performance is often evaluated based on its market share, innovation pipeline, and its ability to navigate the specific challenges and opportunities within the specialty chemicals industry.
What is PPG Industries' (PPG) valuation outlook?
PPG Industries' valuation can be assessed using various metrics such as its price-to-earnings (P/E) ratio, enterprise value to EBITDA, and dividend yield, compared to its historical averages and industry peers. Recent share price weakness may present a valuation opportunity for some investors, while others may focus on future earnings growth potential and market conditions. Analyzing PPG's forward-looking guidance and analyst estimates is crucial for understanding its valuation trajectory.
How is PPG Industries (PPG) positioned for future growth?
PPG's future growth is often tied to its strategic initiatives, including product innovation, expansion into high-growth geographic regions, and acquisitions. The company's focus on developing sustainable and high-performance coatings, such as its new water-based fire protection coatings, could drive demand. Continued investment in its core segments and effective cost management will be key to its long-term growth trajectory.
What is PPG Industries' (PPG) competitive advantage?
PPG Industries benefits from several competitive advantages, including its extensive global manufacturing and distribution network, strong brand recognition, and a broad portfolio of patented technologies. Its long history and established relationships with customers across various industries provide a solid foundation. The company's ongoing investment in research and development also allows it to maintain a technological edge in the coatings market.
How do PPG's (PPG) recent earnings compare to expectations?
PPG Industries has shown mixed earnings performance in recent quarters, with some periods beating analyst estimates and others missing them. Revenue has seen some quarter-over-quarter increases, but year-over-year growth can fluctuate. Investors should examine the details of PPG's earnings reports, paying attention to segment performance and management commentary on factors affecting profitability and revenue.
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