PPG Industries Inc. (PPG) stock — is it a good business?

PPG Industries Inc. (PPG) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From PPG Industries's results release of October 27, 2026; its quarterly report has since been filed.

Revenue
Actual
$4.35B
+6.6% y/y
-3.2% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$2.02
+1.0% y/y
+3.6% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$757M
+9.9% y/y
+1.9% q/q
Guided
—
No guide given

Company outlook

Full year 2026

EPS, adjusted$7.90 – $8.10Raised +1.3%

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

How it makes money

Factory coatings for vehicles, equipment, appliances and other manufactured goods40%
Aerospace, automotive repair, protective and marine coatings, and pavement-marking products36%
Decorative paints and coatings for homes and commercial buildings24%

Shares of revenue are estimates for quarter ended June 30, 2026, not figures from a filing.

Competes with

SHWThe Sherwin-Williams Company
A
Size
$86B
Margin
10.7%
AXTAAxalta Coating Systems Ltd.
A
Size
$7.9B
Margin
6.5%
RPMRPM International Inc.
A
Size
$13.5B
Margin
8.7%
MMM3M Company
C
Size
$97.6B
Margin
14.0%
AKZOYAkzoNobel
BASFYBASF Corporation (BASF SE subsidiary)

What it sells6

Architectural paints and finishes
Paints, wood stains, adhesives and sealants used to decorate and maintain homes and commercial buildings.
Automotive refinish products
Paints, solvents, adhesives, sealants and paint films used to repair and repaint cars, commercial vehicles and fleets; the business also supplies digital tools for repair shops.
Aerospace products
Coatings, sealants, adhesives and transparent materials used on commercial, military, regional and general-aviation aircraft.

Show 3 more

Protective and marine coatings and pavement-marking products
Coatings that protect metal structures, ships and rail cars, plus paints and markers used to mark roads and other paved surfaces.
Factory-applied coatings
Coatings and metal-treatment products applied to vehicles, appliances, farm and construction equipment, consumer electronics and building products during manufacturing.
Packaging coatings
Coatings applied to metal cans, closures, and plastic and aluminum tubes used for food, drinks, personal care and specialty packaging.

Who buys it6

Homeowners buying paint and finishes through retail stores or directly from PPG.
Painting and maintenance contractors buying through paint stores, dealers and distributors.
Automobile manufacturers and parts suppliers buying coatings and related materials for factory use.

Show 3 more

Auto repair shops and commercial fleet repair businesses buying refinish paints and related products, directly or through distributors.
Aircraft makers, airlines, military customers and aircraft maintenance businesses buying aerospace coatings and related products.
Manufacturers of cans, closures and tubes buying coatings for packaging.

What it stands on, and what could break it

What the business leans on

1Manufacturing depends on externally purchased raw materials, including resins, solvents, titanium dioxide, additives, epoxy and pigments, as well as energy and logistics services.
2The business depends on customers in construction, vehicle manufacturing and repair, aerospace, packaging and other industrial markets; activity in these markets can change with economic conditions.
3Sales and earnings are affected by currency movements because PPG has significant operations outside the United States.
4Chemical registration rules and environmental requirements can affect which raw materials PPG can use and the cost of operating or cleaning up sites.

What could go wrong

1Higher prices or shortages of raw materials can raise production costs or limit the materials available to make coatings; raw materials are PPG’s largest production cost component.
2Economic and geopolitical changes, tariffs, competition and currency movements can affect customer demand, prices and results across PPG’s international markets.
3Environmental rules and cleanup obligations at current and former manufacturing or waste sites can create compliance costs and remediation expenses.

Full financial statements →

About PPG Industries Inc.

PPG makes paints and coatings that decorate surfaces and protect buildings, vehicles, aircraft, ships, equipment and packaging. It also sells related products such as adhesives, sealants and pavement-marking materials. Its smaller specialty-products business includes materials used in identification documents, displays and optical lenses.

Head office: Pittsburgh, Pennsylvania
Founded: 1883 (incorporated in Pennsylvania; high confidence)
Employees: Approximately 43,500 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Built from PPG Industries Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From PPG Industries's results release of October 27, 2026; its quarterly report has since been filed.

Revenue
Actual
$4.35B
+6.6% y/y
-3.2% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$2.02
+1.0% y/y
+3.6% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$757M
+9.9% y/y
+1.9% q/q
Guided
—
No guide given

Company outlook

Full year 2026

EPS, adjusted$7.90 – $8.10Raised +1.3%

Keep exploring

The themes PPG Industries is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Specialty Chemicals

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Materials

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

Factory coatings for vehicles, equipment, appliances and other manufactured goods40%
Aerospace, automotive repair, protective and marine coatings, and pavement-marking products36%
Decorative paints and coatings for homes and commercial buildings24%

Shares of revenue are estimates for quarter ended June 30, 2026, not figures from a filing.

Competes with

SHWThe Sherwin-Williams Company
A
Size
$86B
Margin
10.7%
AXTAAxalta Coating Systems Ltd.
A
Size
$7.9B
Margin
6.5%
RPMRPM International Inc.
A
Size
$13.5B
Margin
8.7%
MMM3M Company
C
Size
$97.6B
Margin
14.0%
AKZOYAkzoNobel
BASFYBASF Corporation (BASF SE subsidiary)

What it sells6

Architectural paints and finishes
Paints, wood stains, adhesives and sealants used to decorate and maintain homes and commercial buildings.
Automotive refinish products
Paints, solvents, adhesives, sealants and paint films used to repair and repaint cars, commercial vehicles and fleets; the business also supplies digital tools for repair shops.
Aerospace products
Coatings, sealants, adhesives and transparent materials used on commercial, military, regional and general-aviation aircraft.

Show 3 more

Protective and marine coatings and pavement-marking products
Coatings that protect metal structures, ships and rail cars, plus paints and markers used to mark roads and other paved surfaces.
Factory-applied coatings
Coatings and metal-treatment products applied to vehicles, appliances, farm and construction equipment, consumer electronics and building products during manufacturing.
Packaging coatings
Coatings applied to metal cans, closures, and plastic and aluminum tubes used for food, drinks, personal care and specialty packaging.

Who buys it6

Homeowners buying paint and finishes through retail stores or directly from PPG.
Painting and maintenance contractors buying through paint stores, dealers and distributors.
Automobile manufacturers and parts suppliers buying coatings and related materials for factory use.

Show 3 more

Auto repair shops and commercial fleet repair businesses buying refinish paints and related products, directly or through distributors.
Aircraft makers, airlines, military customers and aircraft maintenance businesses buying aerospace coatings and related products.
Manufacturers of cans, closures and tubes buying coatings for packaging.

What it stands on, and what could break it

What the business leans on

1Manufacturing depends on externally purchased raw materials, including resins, solvents, titanium dioxide, additives, epoxy and pigments, as well as energy and logistics services.
2The business depends on customers in construction, vehicle manufacturing and repair, aerospace, packaging and other industrial markets; activity in these markets can change with economic conditions.
3Sales and earnings are affected by currency movements because PPG has significant operations outside the United States.
4Chemical registration rules and environmental requirements can affect which raw materials PPG can use and the cost of operating or cleaning up sites.

What could go wrong

1Higher prices or shortages of raw materials can raise production costs or limit the materials available to make coatings; raw materials are PPG’s largest production cost component.
2Economic and geopolitical changes, tariffs, competition and currency movements can affect customer demand, prices and results across PPG’s international markets.
3Environmental rules and cleanup obligations at current and former manufacturing or waste sites can create compliance costs and remediation expenses.

Full financial statements →

About PPG Industries Inc.

Head office: Pittsburgh, Pennsylvania
Founded: 1883 (incorporated in Pennsylvania; high confidence)
Employees: Approximately 43,500 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About PPG Industries Inc.

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Specialty Chemicals

Grade rose recently in Materials

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About PPG Industries Inc.

Keep exploring

The theme it is part of

Highest-graded in Specialty Chemicals

Grade rose recently in Materials

PPG Industries Inc.

Chemicals

Growth & cash — 4 of 5

Business trend

Share price and grade over time

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About PPG Industries Inc.

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Specialty Chemicals

Grade rose recently in Materials

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About PPG Industries Inc.

Keep exploring

The theme it is part of

Highest-graded in Specialty Chemicals

Grade rose recently in Materials

PPG Industries Inc.

Past performance

Chemicals

Growth & cash — 4 of 5

Business trend

Share price and grade over time