How does PPG Industries (PPG) make money?

PPG Industries (PPG) generates revenue primarily from Industrial Coatings Segment, which accounted for 40.6% of total revenue in TTM through Q2 2026. The company reported $16.4B in revenue and converted 9.6% of it into net profit, equivalent to roughly $1.57B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of PPG Industries (PPG)?

PPG Industries (PPG) reported a gross profit margin of 37.2% in TTM through Q2 2026, equivalent to $6.12B in gross profit on $16.4B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of PPG Industries (PPG)?

PPG Industries (PPG) reported an operating profit margin of 12.5% in TTM through Q2 2026, equivalent to $2.05B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of PPG Industries (PPG)?

PPG Industries (PPG) reported a net profit margin of 9.6% in TTM through Q2 2026, equivalent to $1.57B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is PPG Industries (PPG) profitable?

Yes. PPG Industries (PPG) reported $1.57B in net income for TTM through Q2 2026, with a net profit margin of 9.6%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does PPG Industries (PPG) invest in research and development?

PPG Industries (PPG) invested $435M in research and development during TTM through Q2 2026, roughly 2.6% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does PPG Industries (PPG) spend on capital expenditures?

PPG Industries (PPG) spent $139M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 0.8% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does PPG Industries (PPG) generate?

PPG Industries (PPG) generated $1.43B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 8.7%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of PPG Industries (PPG)?

PPG Industries (PPG) had an effective tax rate of 22.4% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of PPG Industries (PPG)?

PPG Industries (PPG) reports revenue across 3 reportable product segments, led by Industrial Coatings Segment at 40.6% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does PPG Industries (PPG) generate most of its revenue?

EMEA is the largest geographic market for PPG Industries (PPG), accounting for 34.3% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How PPG Industries Makes Money: 2026 Visual Revenue Map

PPG Industries (PPG) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 29, 2026).

PPG Industries (PPG) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for PPG Industries (PPG), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Industrial Coatings Segment	$6.66B	40.6%
Performance Coatings Segment	$5.69B	34.6%
Global Architectural Coatings Segment	$4.07B	24.8%
Total	$16.4B	100%

Industrial Coatings Segment$6.66B
Performance Coatings Segment$5.69B
Global Architectural Coatings Segment$4.07B
Total$16.4B

PPG Industries (PPG) Revenue by Geography — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for PPG Industries (PPG), TTM through Q2 2026
Region	Revenue (USD)	% of total
EMEA	$5.63B	34.3%
North America	$5.37B	32.7%
Asia Pacific	$3.08B	18.8%
Latin America	$2.33B	14.2%
Total	$16.4B	100%

EMEA
North America
Asia Pacific
Latin America
Total

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, PPG Industries (PPG) reports revenue across 3 reportable product segments; the largest segment was Industrial Coatings Segment at 40.6%, followed by Performance Coatings Segment (34.6%) and Global Architectural Coatings Segment (24.8%). Geographically, EMEA accounted for 34.3% of revenue, followed by North America (32.7%) and Asia Pacific (18.8%).

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