PPG PPG Industries margins

Relative Growth: Rel. Growth: 73

Relative Strength: Rel. Strength: 41

Relative Valuation: Rel. Valuation: 86

Relative Profitability: Rel. Profitability: 77

Gross margin

40.9%

Operating margin

13%

EBITDA margin

17.2%

Net margin

9.6%

The PPG Industries shows a gross margin of 40.9%, an operating margin of 13%, an EBITDA margin of 17.2%, and a net margin of 9.6%. Across the available margins, EBITDA margin advanced the most and gross margin weakened the most, by 3.1 and 0.5 percentage points respectively.

PPG margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, PPG Industries's margins averaged 41.18% gross, 12.55% operating, 16.18% EBITDA, and 8.42% net. For PPG Industries, operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.

PPG margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 1.8 percentage points, EBITDA margin by 3.1 percentage points, and net margin by 3.1 percentage points, whereas gross margin contracted by 0.5 percentage points.

Gross margin expansion

-0.5pp

Operating margin expansion

1.8pp

EBITDA margin expansion

3.1pp

Net margin expansion

3.1pp

PPG Gross margin

Across the last 3 years, PPG Industries recorded an average gross margin of 41.18%. PPG Industries's current gross margin is 40.9% and is 0.3 percentage points below its three-year average. The highest gross margin for PPG Industries was 41.6% in Dec 2024, while the lowest was 40.4% in Dec 2023.

PPG Operating margin

The average operating margin for PPG Industries was 12.55% during the last 3 years. Right now, the current operating margin for PPG Industries is 13%, 0.5 percentage points above its three-year average. The operating margin for PPG Industries moved between 11.2% in Jun 2025 and 14% in Sep 2024.

PPG EBITDA margin

The average EBITDA margin for PPG Industries was 16.18% over the last 3 years. The latest EBITDA margin for PPG Industries is 17.2%, 1 percentage points above its three-year average. The EBITDA margin for PPG Industries moved between 14% in Sep 2025 and 18.6% in Sep 2024.

PPG Net margin

Throughout the last 3 years, PPG Industries had an average net margin of 8.42%. Against its three-year average, PPG Industries's net margin is currently 9.6%, 1.2 percentage points above its three-year average. Looking back over the last 3 years, PPG Industries's net margin reached 10.3% at its highest point in Sep 2024 and 6.3% at its lowest in Sep 2025.

PPG margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 40.9%, PPG stands above the Basic Materials sector, the industry and its peers average. Looking at its Basic Materials sector average of 32.3%, PPG Industries's gross margin is 27% higher.

PPG margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is PPG Industries's gross margin?

For the period ending Jun 30, 2026, PPG recorded a gross margin of 40.9%.

What is PPG Industries's operating margin?

The current operating margin for PPG is 13% as of Jun 30, 2026.

What is PPG Industries's EBITDA margin?

For the period ending Jun 30, 2026, PPG recorded an EBITDA margin of 17.2%.

What is PPG Industries's net margin?

As of Jun 30, 2026, PPG has a net margin of 9.6%.

What are the average margins of PPG?

PPG Industries's average margins over the last 3 years were 41.2% gross, 12.6% operating, 16.2% EBITDA, and 8.4% net.

What are the highest historical margins of PPG?

PPG Industries's highest recorded margins during the past 5 years were 41.6% gross in Dec 2024, 14% operating in Sep 2024, 18.6% EBITDA in Sep 2024, and 10.3% net in Sep 2024.

What are the lowest historical margins of PPG?

Looking back across 5 years, PPG reached its lowest margins at 36.1% gross in Dec 2022, 7.8% operating in Jun 2022, 11.6% EBITDA in Sep 2022, and 6.1% net in Sep 2022.