PPG Industries, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.88B | $15.85B | $16.24B | $15.61B | $16.80B | $13.83B | $15.15B | $15.37B |
| Cost of Revenue | $9.32B | $9.25B | $9.68B | $9.98B | $10.29B | $7.78B | $8.65B | $9.00B |
| Gross Profit | $6.56B | $6.59B | $6.56B | $5.64B | $6.52B | $6.06B | $6.49B | $6.37B |
| Gross Margin | 41.3% | 41.6% | 40.4% | 36.1% | 38.8% | 43.8% | 42.9% | 41.5% |
| Operating Expenses | ||||||||
| Research & Development | $446.0M | $447.0M | $446.0M | $457.0M | $463.0M | $401.0M | $456.0M | $464.0M |
| SG&A Expense | $3.44B | $3.39B | $3.40B | $3.04B | $3.78B | $3.39B | $3.60B | $3.57B |
| Operating Income | $2.05B | $1.85B | $2.68B | $2.04B | $2.17B | $2.11B | $2.27B | $2.12B |
| Operating Margin | 12.9% | 11.7% | 16.5% | 13.1% | 12.9% | 15.2% | 15.0% | 13.8% |
| Interest Expense | — | — | $247.0M | $167.0M | $121.0M | $138.0M | $132.0M | $118.0M |
| Pretax Income | $2.05B | $1.85B | $1.69B | $1.36B | $1.82B | $1.36B | $1.66B | $1.69B |
| Income Tax Expense | $458.0M | $475.0M | $428.0M | $320.0M | $374.0M | $291.0M | $392.0M | $353.0M |
| Net Income | $1.58B | $1.12B | $1.27B | $1.03B | $1.44B | $1.06B | $1.24B | $1.34B |
| Net Margin | 9.9% | 7.0% | 7.8% | 6.6% | 8.6% | 7.7% | 8.2% | 8.7% |
| EPS (Basic) | $6.96 | $4.77 | $5.38 | $4.34 | $6.06 | $4.47 | $5.25 | $5.50 |
| EPS (Diluted) | $6.94 | $4.75 | $5.35 | $4.32 | $6.01 | $4.45 | $5.22 | $5.47 |
| Shares Outstanding (Basic) | 226.3M | 233.8M | 236.0M | 236.1M | 237.6M | 236.8M | 236.9M | 243.9M |
| Shares Outstanding (Diluted) | 227.1M | 234.9M | 237.2M | 237.3M | 239.4M | 237.9M | 238.2M | 245.4M |
| Dividends Per Share | $2.78 | $2.66 | $2.54 | $2.42 | $2.26 | $2.10 | $1.98 | $1.86 |