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Screener / SEC EDGAR /CIK 0000079879 /10-K filed Feb 19, 2026, compared with Feb 20, 2025 /Numbers from the XBRL of the 10-Ks
Materials peers:
APDBALLMOSPPGSTLDECL
NYSE Materials · Paints & Coatings

PPG Industries PPG

PPG quote by TradingView

PPG Industries, Inc. manufactures and distributes a broad range of paints, coatings and specialty products. 10-K, Item 1

Employees
43,500
Headquarters
Pittsburgh, PA
Next results
around Jan 26, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $15.9B through the costs to a net profit of $1.6B · income statement of the 10-K

10% net margin
Revenue to Gross profit: $6.6BRevenue to Cost of revenue: $9.3BGross profit to Net profit: $1.6BGross profit to Costs, tax, other: $5.0B Revenue: $15.9B REVENUE $15.9B +0% Y/Y Gross profit: $6.6B · 41% margin GROSS PROFIT $6.6B 41% margin Cost of revenue: $9.3B · 59% of revenue COST OF REVENUE $9.3B 59% of revenue Net profit: $1.6B · 10% margin NET PROFIT $1.6B 10% margin · +41% Y/Y Costs, tax, other: $5.0B · 31% of revenue COSTS, TAX, OTHER $5.0B 31% of revenue
Gross profit $6.6B 41% margin
Net profit $1.6B 10% margin · +41% Y/Y
The full income statement, year by year

PPG among Materials peers

Six ratios from the latest 10-K. Each corner is the share of 23 peers the company is above, not a score.

Compare
Revenue growth: 0.2%, above 22% of 23 peers (their median 5.3%) REVENUE GROWTH 0.2% · above 22% Gross margin: 40.9%, above 84% of 19 peers (their median 26.7%) GROSS MARGIN 40.9% · above 84% Net margin: 9.4%, above 61% of 23 peers (their median 8.8%) NET MARGIN 9.4% · above 61% FCF margin: 7.7%, above 61% of 23 peers (their median 6.8%) FCF MARGIN 7.7% · above 61%
PPG Peer median Below the median

What changed

4 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Feb 19, 2026 against Feb 20, 2025.

Risk factors
4 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +12.4% vs revenue +0.2% (+12.2 pts)
10-K · XBRL
Critical audit matters changed
New this year: Annual Goodwill Impairment Test - Architectural Coatings Europe, Middle East and Africa Reporting Unit (“As described in Notes 1 and 6 to the consolidated financial statements, the Company’s consolidated goodwill balance was $6,149 million as of December 31, 2025, a portion of which relates to the goodwill for the Architectural Coatings Europe, Middle East and Africa (EMEA) reporting unit. Management t”). No longer listed: Loss from Discontinued Operations, Net of Tax Associated with the Sale of the U.S. and Canada Architectural Coatings Business
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
2 open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +12.4% vs revenue +0.2% (+12.2 pts)
  • Critical audit matters changed
    New this year: Annual Goodwill Impairment Test - Architectural Coatings Europe, Middle East and Africa Reporting Unit (“As described in Notes 1 and 6 to the consolidated financial statements, the Company’s consolidated goodwill balance was $6,149 million as of December 31, 2025, a portion of which relates to the goodwill for the Architectural Coatings Europe, Middle East and Africa (EMEA) reporting unit. Management t”). No longer listed: Loss from Discontinued Operations, Net of Tax Associated with the Sale of the U.S. and Canada Architectural Coatings Business
  • Cash from operations $1.9B vs net income $1.6B (FY ending Dec 31, 2025)
8 more checks with nothing to note
  • Inventory +8.1% vs revenue +0.2% (+7.9 pts)
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

4 paragraphs in Risk Factors that were not in the 10-K filed Feb 20, 2025. Quoted as filed.

All 4 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    Numerous and evolving information security threats, including advanced persistent threats and ransomware, pose a risk to the security of our systems, networks and services, as well as to the confidentiality, availability and integrity of our data and of our critical business operations. The techniques, tools and tactics used in…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    We are incorporating artificial intelligence technologies into our research, products, services and processes. These technologies may present business, operational, compliance and reputational risks. Artificial intelligence (“AI”) and machine-learning technology continue to advance rapidly, presenting both opportunities and risks. If we…

New risk paragraphs, against peers

Latest 10-K of each, Materials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$15.6B$16.2B$15.8B$15.9B
Net income$1.0B$1.3B$1.1B$1.6B
Operating cash flow$963.0M$2.4B$1.4B$1.9B
Free cash flow$477.0M$1.9B$699.0M$1.2B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$15.9B ▲ 0.2% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

PPG Industries, Pittsburgh, PA · from the 10-K filed Feb 19, 2026

PPG Industries, Inc. manufactures and distributes a broad range of paints, coatings and specialty products. PPG was incorporated in Pennsylvania in 1883. PPG’s vision is to be the first-choice partner to meet our customers’ evolving needs for innovative paints, coatings and surface solutions to protect and beautify the world. PPG has a proud heritage with a demonstrated commitment to innovation, sustainability, community engagement and development of leading-edge paint, coatings and specialty products. Through dedication and industry-leading expertise, we solve our customers’ biggest challenges, collaborating closely to find the right path forward.

Headquarters
Pittsburgh, PA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 27, 2026
Incorporated in
PA

Employees, at the top of the page: "As of December 31, 2025, PPG employed approximately 43,500 people, of which approximately 11,000 were in the United States and approximately 32,500 were elsewhere in the world" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 19, 2026 (open at SEC), compared with the 10-K filed Feb 20, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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