TTM
12.8%
YoY change
−0.77pp
Trough year (2009)
7.2%
Peak year (1995)
18.4%
Latest annual
13.7%
Operating Margin history chart for PPG Industries (PPG) from 1985 to 2025
Latest: 13.7%
Operating Margin change chart for PPG Industries (PPG) from 1985 to 2025
Latest: −0.77pp
Operating Margin history table for PPG Industries (PPG) from 1985 to 2025
| 2025 | 13.7% | -0.77pp | ||
| 2024 | 14.4% | +1.90pp | ||
| 2023 | 12.5% | +1.86pp | ||
| 2022 | 10.7% | +0.64pp | ||
| 2021 | 10.0% | -2.83pp | ||
| 2020 | 12.9% | +0.02pp | ||
| 2019 | 12.8% | +0.74pp | ||
| 2018 | 12.1% | -1.54pp | ||
| 2017 | 13.7% | +5.32pp | ||
| 2016 | 8.3% | -5.42pp | ||
| 2015 | 13.8% | +1.49pp | ||
| 2014 | 12.3% | +1.40pp | ||
| 2013 | 10.9% | +0.85pp | ||
| 2012 | 10.0% | +0.04pp | ||
| 2011 | 10.0% | -0.19pp | ||
| 2010 | 10.2% | +2.96pp | ||
| 2009 | 7.2% | -0.63pp | ||
| 2008 | 7.8% | -2.85pp | ||
| 2007 | 10.7% | -1.77pp | ||
| 2006 | 12.5% | -0.65pp | ||
| 2005 | 13.1% | +1.47pp | ||
| 2004 | 11.6% | +0.53pp | ||
| 2003 | 11.1% | -0.18pp | ||
| 2002 | 11.3% | -0.02pp | ||
| 2001 | 11.3% | -2.62pp | ||
| 2000 | 13.9% | +0.06pp | ||
| 1999 | 13.9% | -2.24pp | ||
| 1998 | 16.1% | -1.72pp | ||
| 1997 | 17.8% | -0.11pp | ||
| 1996 | 17.9% | -0.49pp | ||
| 1995 | 18.4% | +2.46pp | ||
| 1994 | 16.0% | +3.52pp | ||
| 1993 | 12.5% | +0.68pp | ||
| 1992 | 11.8% | +1.79pp | ||
| 1991 | 10.0% | -5.03pp | ||
| 1990 | 15.0% | +0.44pp | ||
| 1989 | 14.6% | -1.74pp | ||
| 1988 | 16.3% | +3.76pp | ||
| 1987 | 12.6% | -0.63pp | ||
| 1986 | 13.2% | +0.36pp | ||
| 1985 | 12.8% | — |
- 202513.7%-0.77pp
- 202414.4%+1.90pp
- 202312.5%+1.86pp
- 202210.7%+0.64pp
- 202110.0%-2.83pp
- 202012.9%+0.02pp
- 201912.8%+0.74pp
- 201812.1%-1.54pp
- 201713.7%+5.32pp
- 20168.3%-5.42pp
- 201513.8%+1.49pp
- 201412.3%+1.40pp
- 201310.9%+0.85pp
- 201210.0%+0.04pp
- 201110.0%-0.19pp
- 201010.2%+2.96pp
- 20097.2%-0.63pp
- 20087.8%-2.85pp
- 200710.7%-1.77pp
- 200612.5%-0.65pp
- 200513.1%+1.47pp
- 200411.6%+0.53pp
- 200311.1%-0.18pp
- 200211.3%-0.02pp
- 200111.3%-2.62pp
- 200013.9%+0.06pp
- 199913.9%-2.24pp
- 199816.1%-1.72pp
- 199717.8%-0.11pp
- 199617.9%-0.49pp
- 199518.4%+2.46pp
- 199416.0%+3.52pp
- 199312.5%+0.68pp
- 199211.8%+1.79pp
- 199110.0%-5.03pp
- 199015.0%+0.44pp
- 198914.6%-1.74pp
- 198816.3%+3.76pp
- 198712.6%-0.63pp
- 198613.2%+0.36pp
- 198512.8%—
Operating Margin values are taken from PPG Industries's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at PPG Industries (PPG)
According to PPG Industries's latest reported financial statements, the company's latest reported operating margin is 12.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for PPG Industries (PPG) came in at 13.66% – contracted 0.8 percentage points year-over-year.
The record annual operating margin stands at 18.43%, reached in 1995; the historical low of 7.21% was recorded in 2009.
PPG Industries Operating Margin by Year
PPG Industries Operating Margin 2025: 13.7%
PPG Industries operating margin in 2025 was 13.66%, contracted 0.8 percentage points from 2024.
PPG Industries Operating Margin 2024: 14.4%
2024's operating margin for PPG Industries came in at 14.43%, expanded 1.9 percentage points from 2023.
PPG Industries Operating Margin 2023: 12.5%
PPG Industries posted operating margin of 12.53% in 2023, expanded 1.9 percentage points from 2022.
PPG Industries Operating Margin 2022: 10.7%
In 2022, PPG Industries reported operating margin of 10.67%, expanded 0.6 percentage points from 2021.
PPG Industries Operating Margin 2021: 10.0%
PPG Industries operating margin in 2021 was 10.03%.
See more financial history for PPG Industries (PPG).
Sector peers by Operating Margin
Basic Materials peers of PPG Industries (PPG), ranked by their latest operating margin
| 56.9% | |
| 54.6% | |
| 52.6% | |
| 28.8% | |
| 27.8% | |
| 17.5% | |
| 16.1% | |
| 13.2% |
- 52.6%
- 28.8%
- 17.5%
- 13.2%
Frequently asked questions
PPG Industries (PPG) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation