Financials PPG Industries, Inc.

Equities

PPG

US6935061076

Commodity Chemicals

Market Closed - Nyse Other stock markets 04:00:02 2026-02-06 pm EST			5-day change	1st Jan Change
126.51 ^USD	+1.68%		+9.41%	+23.47%

Feb. 05	PPG Industries Insider Sold Shares Worth $3,709,000, According to a Recent SEC Filing	MT
Feb. 02	TTM Technologies, Inc. Announces Board Changes, Effective as of May 7, 2026	CI

Projected Income Statement: PPG Industries, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	13,834	16,802	17,652	18,246	15,845	15,875	16,389	16,858
Change	-	21.45%	5.06%	3.37%	-13.16%	0.19%	3.24%	2.86%
EBITDA ¹	2,392	2,710	2,544	3,054	2,864	2,749	2,906	3,079
Change	-	13.29%	-6.13%	20.05%	-6.22%	-4.02%	5.72%	5.96%
EBIT ¹	1,883	2,149	1,990	2,496	2,504	2,251	2,452	2,605
Change	-	14.13%	-7.4%	25.43%	0.32%	-10.1%	8.95%	6.23%
Interest Paid ¹	-115	-95	-113	-107	-64	-88	-112	-109.1
Earnings before Tax (EBT) ¹	1,362	1,815	1,381	1,748	1,852	2,045	2,287	2,433
Change	-	33.26%	-23.91%	26.57%	5.95%	10.42%	11.82%	6.4%
Net income ¹	1,056	1,439	1,026	1,270	1,116	1,576	1,690	1,797
Change	-	36.27%	-28.7%	23.78%	-12.13%	41.22%	7.22%	6.35%
Announcement Date	1/21/21	1/20/22	1/19/23	1/18/24	1/30/25	1/27/26	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	3,757	3,881	4,359	4,372	4,190	4,308	4,691	4,468	4,185	4,380	4,872	4,644	4,350	4,311	4,794	4,575	3,729	3,684	4,195	4,082	3,914	3,836	4,338	4,221	4,019	3,972	4,486	4,357
Change	-	3.3%	12.32%	0.3%	-4.16%	2.82%	8.89%	-4.75%	-6.33%	4.66%	11.23%	-4.68%	-6.33%	-0.9%	11.2%	-4.57%	-18.49%	-1.21%	13.87%	-2.69%	-4.12%	-1.98%	13.07%	-2.7%	-4.78%	-1.17%	12.95%	-2.89%
EBITDA ¹	645	747	770	695	498	552	730	670	549	742	875	792	645	747	894	801	594	633	778	742	596	638.2	803.2	789.4	653.1	680.1	853.8	833.5
Change	-	15.81%	3.08%	-9.74%	-28.35%	10.84%	32.25%	-8.22%	-18.06%	35.15%	17.92%	-9.49%	-18.56%	15.81%	19.68%	-10.4%	-25.84%	6.57%	22.91%	-4.63%	-19.68%	7.08%	25.85%	-1.72%	-17.26%	4.13%	25.55%	-2.38%
EBIT ¹	520	618	633	549	349	407	589	535	416	609	742	650	495	606	796	672	507	512	654	616	469	531.6	695.3	676.3	536.3	566.6	749.8	715.9
Change	-	18.85%	2.43%	-13.27%	-36.43%	16.62%	44.72%	-9.17%	-22.24%	46.39%	21.84%	-12.4%	-23.85%	22.42%	31.35%	-15.58%	-24.55%	0.99%	27.73%	-5.81%	-23.86%	13.34%	30.8%	-2.73%	-20.71%	5.66%	32.33%	-4.52%
Charge d'intérêts ¹	-26	-24	-25	-23	-23	-21	-27	-32	-33	-34	-35	-25	-13	-13	-17	-19	-15	-13	-18	-23	-34	-27	-29.4	-28.8	-27.4	-	-	-
Earnings before Tax (EBT) ¹	345	499	593	-	282	78	566	418	319	353	646	-	-	-	-	-	-	-	-	-	389	512	684	628.5	495	592	786	715
Change	-	44.64%	18.84%	-	-	-72.34%	625.64%	-26.15%	-23.68%	10.66%	83%	-	-	-	-	-	-	-	-	-	40.1%	31.62%	33.59%	-8.11%	-21.24%	19.6%	32.77%	-9.03%
Net income ¹	272	378	431	344	286	18	443	329	238	264	490	426	90	400	528	468	-280	375	450	453	300	355.5	470.5	459.5	366	-	-	-
Change	-	38.97%	14.02%	-20.19%	-16.86%	-93.71%	2,361.11%	-25.73%	-27.66%	10.92%	85.61%	-13.06%	-78.87%	344.44%	32%	-11.36%	-159.83%	233.93%	20%	0.67%	-33.77%	18.5%	32.35%	-2.34%	-20.35%	-	-	-
Announcement Date	1/21/21	4/15/21	7/19/21	10/20/21	1/20/22	4/21/22	7/21/22	10/19/22	1/19/23	4/20/23	7/20/23	10/18/23	1/18/24	4/18/24	7/18/24	10/16/24	1/30/25	4/29/25	7/29/25	10/28/25	1/27/26	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: PPG Industries, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	3,923	5,509	5,662	4,465	4,500	5,100	4,938	4,748
Change	-	40.43%	2.78%	-21.14%	0.78%	13.33%	-0.5%	-3.85%
Announcement Date	1/21/21	1/20/22	1/19/23	1/18/24	1/30/25	1/27/26	-	-

¹USD in Million

Estimates

Cash Flow Forecast: PPG Industries, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	304	371	518	549	721	778	684.3	646
Change	-	22.04%	39.62%	5.98%	31.33%	7.91%	-3.01%	-5.6%
Free Cash Flow (FCF) ¹	1,826	1,191	445	1,862	699	1,163	1,340	1,492
Change	-	-34.78%	-62.64%	318.43%	-62.46%	66.38%	10.06%	11.32%
Announcement Date	1/21/21	1/20/22	1/19/23	1/18/24	1/30/25	1/27/26	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: PPG Industries, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	17.29%	16.13%	14.41%	16.74%	18.08%	17.32%	17.73%	18.27%
EBIT Margin (%)	13.61%	12.79%	11.27%	13.68%	15.8%	14.18%	14.96%	15.45%
EBT Margin (%)	9.85%	10.8%	7.82%	9.58%	11.69%	12.88%	13.95%	14.43%
Net margin (%)	7.63%	8.56%	5.81%	6.96%	7.04%	9.93%	10.31%	10.66%
FCF margin (%)	13.2%	7.09%	2.52%	10.2%	4.41%	7.33%	8.18%	8.85%
FCF / Net Income (%)	172.92%	82.77%	43.37%	146.61%	62.63%	73.79%	79.31%	83.02%
Profitability
ROA	7.26%	7.04%	4.87%	8.6%	9%	8.63%	8.41%	8.92%
ROE	24.66%	27.04%	22.3%	25.26%	25.29%	24.29%	22.82%	23.7%
Financial Health
Leverage (Debt/EBITDA)	1.64x	2.03x	2.23x	1.46x	1.57x	1.86x	1.7x	1.54x
Debt / Free cash flow	2.15x	4.63x	12.72x	2.4x	6.44x	4.39x	3.68x	3.18x
Capital Intensity
CAPEX / Current Assets (%)	2.2%	2.21%	2.93%	3.01%	4.55%	4.9%	4.18%	3.83%
CAPEX / EBITDA (%)	12.71%	13.69%	20.36%	17.98%	25.17%	28.3%	23.55%	20.98%
CAPEX / FCF (%)	16.65%	31.15%	116.4%	29.48%	103.15%	66.9%	51.06%	43.3%
Items per share
Cash flow per share ¹	8.953	6.525	4.058	10.16	6.045	8.547	10.74	10.82
Change	-	-27.12%	-37.81%	150.46%	-40.52%	41.39%	15.59%	0.71%
Dividend per Share ¹	2.1	2.26	2.42	2.54	2.66	2.78	2.887	3.063
Change	-	7.62%	7.08%	4.96%	4.72%	4.51%	3.86%	6.08%
Book Value Per Share ¹	24.04	26.65	28.04	33.3	28.8	32.16	35.28	36.47
Change	-	10.86%	5.24%	18.74%	-13.51%	11.66%	9.72%	3.38%
EPS ¹	4.45	6.01	4.32	5.35	4.75	6.94	7.54	7.995
Change	-	35.06%	-28.12%	23.84%	-11.21%	46.11%	8.58%	6.04%
Nbr of stocks (in thousands)	236,204	237,401	235,027	235,800	231,704	224,400	224,400	224,400
Announcement Date	1/21/21	1/20/22	1/19/23	1/18/24	1/30/25	1/27/26	-	-