What is the primary revenue source for PPG Industries (PPG)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze PPG's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out PPG Industries's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How PPG Industries Makes Money: PPG Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Revenue: USD 8.43B
Largest revenue segment share (Industrial Coatings): 40.46%
Cost of revenue: USD 4.96B
Selling, general and administrative: USD 1.82B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Largest revenue segment share (Industrial Coatings)Industrial Coatings · segment_value / revenue * 100
RevenueNet sales · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenueCost of sales, exclusive of depreciation and amortization · CostOfGoodsAndServicesSold
Selling, general and administrativeSelling, general and administrative · SellingGeneralAndAdministrativeExpense

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Goodwill: USD 6.16B
Property, plant and equipment: USD 4.02B
Accounts receivable: USD 3.91B
Total liabilities: USD 13.94B
Shareholder equity: USD 8.59B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty, plant and equipment (net of accumulated depreciation of $4,821 and $4,724) · PropertyPlantAndEquipmentNet
Shareholder equityTotal shareholders’ equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesTotal liabilities · Liabilities
Accounts receivableReceivables, net · ReceivablesNetCurrent

Cash

Did accounting profit ultimately turn into cash?

Neutral

Operating cash flow is positive, but profit-to-cash conversion is relatively weak.

Operating cash flow equals 72.53% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 819.00M
Operating cash flow: USD 594.00M
Cash conversion: 72.53%
Free cash flow: USD 285.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income (attributable to ppg) · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionCash from operating activities - continuing operations · operating_cash_flow / net_income * 100
Operating cash flowCash from operating activities - continuing operations · NetCashProvidedByUsedInOperatingActivitiesContinuingOperations

Shareholders

Did the money earned actually make its way back to shareholders?

Watch

Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Cash dividends: USD 317.00M
Share repurchases: USD 175.00M
Net shareholder return: USD 492.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?