PPG Industries Inc
NYSE: PPG · BASIC MATERIALS · SPECIALTY CHEMICALS
Updated 2026-06-05
PPG Industries Inc (PPG) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $10.07B | $12.63B | $14.70B | $14.24B | $14.97B | $14.38B | $15.88B | $15.86B | $17.54B | $17.08B | $15.77B | $16.54B | $16.02B | $17.71B | $19.56B | $21.35B | $20.74B | $21.65B | $19.43B | $7.96B |
| Cash & equivalents | $455.00M | $526.00M | $1.02B | $1.06B | $1.34B | $1.46B | $1.39B | $1.12B | $686.00M | $1.31B | $1.82B | $1.44B | $902.00M | $1.22B | $1.83B | $1.00B | $1.10B | $1.49B | $1.27B | $2.16B |
| Current assets | $4.86B | $6.94B | $6.35B | $5.98B | $7.06B | $6.69B | $7.71B | $7.21B | $6.44B | $6.71B | $6.57B | $6.48B | $5.96B | $6.17B | $6.80B | $6.74B | $7.17B | $7.43B | $6.56B | $7.96B |
| Total liabilities | $6.67B | $8.48B | $11.21B | $10.32B | $11.14B | $10.94B | $11.56B | $10.66B | $12.27B | $12.01B | $10.86B | $10.87B | $11.28B | $12.30B | $13.74B | $14.94B | $14.04B | $13.62B | $12.47B | $11.50B |
| Current liabilities | $2.82B | $4.63B | $4.21B | $3.58B | $3.63B | $3.70B | $4.46B | $4.13B | $4.88B | $4.70B | $4.25B | $3.90B | $4.37B | $4.38B | $4.82B | $4.75B | $4.72B | $5.05B | $5.01B | $4.90B |
| Long-term debt | $1.16B | $1.20B | $3.01B | $3.07B | $4.04B | $3.57B | $3.37B | $3.37B | $3.54B | $4.04B | $3.79B | $4.13B | $4.37B | $4.54B | $5.17B | $6.57B | $6.50B | $5.75B | $4.88B | $6.60B |
| Shareholder equity | $3.23B | $4.15B | $3.33B | $3.75B | $-610.00M | $3.25B | $4.06B | $4.93B | $5.18B | $4.98B | $4.83B | $5.56B | $4.63B | $5.28B | $5.82B | $6.41B | $6.59B | $7.83B | $6.79B | $-3.54B |
| Retained earnings | $7.45B | $7.96B | $8.16B | $8.14B | $8.55B | $9.29B | $9.87B | $12.76B | $14.50B | $15.52B | $15.98B | $17.14B | $18.13B | $18.91B | $19.47B | $20.37B | $20.83B | $21.50B | $21.99B | $22.94B |
| Accounts receivable | $2.02B | $2.52B | $2.80B | $2.63B | $2.78B | $2.83B | $2.81B | $2.74B | $2.81B | $2.71B | $2.65B | $2.90B | $2.85B | $2.76B | $2.73B | $3.15B | $3.30B | $3.01B | $2.98B | $3.34B |
| Inventory | $1.20B | $1.53B | $1.70B | $1.55B | $1.57B | $1.61B | $1.69B | $1.82B | $1.82B | $1.66B | $1.51B | $1.73B | $1.78B | $1.71B | $1.74B | $2.17B | $2.27B | $1.93B | $1.85B | $2.00B |
| Goodwill | $1.34B | $1.51B | $2.64B | $2.78B | $2.72B | $2.66B | $2.76B | $3.01B | $3.80B | $3.67B | $3.57B | $3.94B | $4.07B | $4.47B | $5.10B | $6.25B | $6.08B | $6.12B | $5.69B | $6.15B |
Frequently asked questions
What is PPG Industries Inc's revenue?
PPG Industries Inc's trailing twelve-month revenue is $16.12B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is PPG?
In its most recent fiscal year, PPG ran a gross margin of 37.99%, an operating margin of 13.66%, and a net margin of 9.93%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does PPG generate?
PPG produced $1.16B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is PPG's balance sheet healthy?
PPG holds $2.16B in cash and equivalents against $6.60B in long-term debt, on $-3.54B of shareholder equity. That debt is best read against the cash flow the business throws off each year.