PPG’s annual revenue remained flat at $15.9 billion last year, while net profit surged 17% to $1.6 billion.

In 2025, the company achieved EBITDA of $2.631 billion, an increase of 9.26% year-on-year. Operating profit totaled $1.587 billion, up 15.25% year-on-year. Net profit reached $1.571 billion, up 17% year-on-year. The net profit margin rose from 8.5% in the prior year to 9.9%. Adjusted net profit amounted to $1.722 billion, down 7.0% year-on-year. Amid a challenging macroeconomic environment, the company reported earnings per share (EPS) of $6.92 for 2025, with adjusted EPS at $7.58—a 4% decline year-on-year. EBITDA margins across all business segments stood at 19%. These results reflect strong sales performance driven by our technologically advanced products and powerful brands, with record achievements across multiple business areas—including aerospace coatings, protective & marine coatings, and packaging coatings. In 2025, demonstrating remarkable adaptability amid macroeconomic headwinds, the company posted organic sales growth of 2%, with both sales volume and pricing increasing across all four quarters. Operating cash flow totaled $1.9 billion, and free cash flow yield was 5%. During the year, the company repurchased approximately $790 million worth of shares—about 3% of its outstanding shares. Combined with dividends, the company returned $1.4 billion to shareholders in 2025. PPG Industrial’s Q4 2025 Factors Impacting Operating Performance PPG’s net sales for Q4 2025 totaled $3.914 billion, up 5.0% year-on-year. Organic sales rose 3% year-on-year—the highest quarterly growth rate of the year—driven by broad-based growth across all three business segments. Overall selling prices increased 1% year-on-year; however, this gain was partially offset by price reductions under certain index-based customer contracts. Sales volume rose 2% year-on-year versus Q4 2024. Net sales also included a 4% benefit from foreign exchange translation and a 2% reduction due to business divestitures. Sales growth was primarily driven by aerospace coatings, protective & marine coatings, and architectural coatings in Mexico. Market share gains in the industrial coatings segment offset declines in automotive refinish coatings and architectural coatings in Europe and the Middle East. Net sales of automotive OEM coatings rose 6%, marking the second consecutive quarter of growth above industry averages. In aerospace coatings, both Q4 net sales and segment income reached new highs. Adjusted diluted EPS for Q4 2025 was $1.51, compared to reported diluted EPS of $1.34. Across all business segments, PPG achieved an operating margin of 18%, down 40 basis points year-on-year versus Q4 2024—mainly attributable to improved margins in industrial coatings and global architectural coatings, partially offset by lower margins in high-performance coatings. Net profit totaled $302 million, a dramatic 15-fold increase year-on-year. Adjusted net profit was $341 million, down 9.0% year-on-year.

Coating Finance | PPG Posts “Zero Growth” in 2025—Stock Price Dips! Emergency Launch of “Cost Scalpel”; Can It Turn Things Around This Year?

On January 27, PPG—the world’s leading paint manufacturer—released its financial results for Q4 and the full year 2025. Adjusted EPS slightly missed market expectations, prompting a modest 2.4% decline in after-hours stock price. For the full year 2025, PPG reported net sales of $15.9 billion—flat year-on-year. Organic sales grew 2% year-on-year, with volume and pricing each contributing one percentage point. On the profitability front, reported EPS was $6.92, and adjusted EPS was $7.58. Net profit from continuing operations rose 17% year-on-year to $1.57 billion. Segment profit margin stood at 17%, and segment EBITDA margin at 19%—indicating stable profitability. Operating cash flow for the full year reached $1.9 billion—up more than $500 million year-on-year. Through $790 million in share repurchases (approximately 3% of outstanding shares) and $630 million in dividend payments, PPG returned a total of $1.4 billion to shareholders. As of year-end, $2 billion remained available under its share repurchase authorization. Cost control efforts delivered significant results: structural cost-cutting initiatives generated $75 million in benefits for the year—providing solid support for profit growth. In Q4, PPG’s growth momentum accelerated, with net sales of $3.9 billion—exceeding analysts’ consensus estimate of $3.77 billion. Driven by higher selling prices across regions and increased sales volume, organic sales rose 3% year-on-year—the highest quarterly growth rate of the year. On profitability, reported diluted EPS was $1.34, and adjusted diluted EPS was $1.51—slightly below the market’s consensus expectation of $1.58. However, net profit surged dramatically—from $2 million ($0.01 per share) in the prior-year quarter to $302 million. PPG continued returning capital to shareholders during the quarter, completing approximately $100 million in share repurchases. In Q4, PPG’s three core business segments delivered differentiated growth—with standout performance in key areas. Specifically, the Global Architectural Coatings segment posted net sales growth of 8% to $951 million. Higher selling prices and favorable currency effects offset the impact of the divestiture of its Russian architectural coatings business. EBITDA rose 14% year-on-year to $164 million, with margin improving to 17.2%. Regionally, organic sales in Latin America and Asia-Pacific posted high single-digit growth. Retail sales in Mexico remained robust, and project-related sales continued recovering—while only a decline in European volumes partially offset overall growth momentum.

PPG Industries Stock Heads Toward October 27 Results

Oct 4, 2026

PPG Industries will release its third-quarter 2026 earnings on October 27, following Q2 revenue of USD 4.50 billion that beat estimates while EPS missed consensus. Analysts maintain a "Hold" rating with a 12-month target of USD 126.62.

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