PPG INDUSTRIES INC
PPG · Paints, Varnishes, Lacquers, Enamels & Allied Prods · 222.9M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $30M (gross $86M, SBC $56M)
Reference price $121.45 · est. market cap ~$27.1B — last insider purchase, 2026-06-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B80Category-leading global coatings franchise with strong returns and a sharp earnings rebound.
Strengths
- ROE 19.8% (77.5th pct), ROA 83.6th, net income up 41% (71.9th pct), FCF $1.16B (91.6th)
- Wide moat: diversified coatings leader with pricing power, broad geographic/end-market exposure, and restructuring-driven margin gains
Risks
- Revenue essentially flat (0.2%, 29th pct) with divestiture drag
- Large contingent litigation (Di Gregório ~$350–700M judgment dispute) and raw-material/FX exposure
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~12% of revenue from one customer/distributor — 2024 Depreciation $403 $360 11
- Strong balance sheetStrong balance sheet — $2.6B cash & investments
- Insider sellingInsider selling — 8 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$15M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
41.3%
Net margin
9.9%
Return on equity
19.8%
Return on assets
7.1%
Revenue growth (QoQ)
0.4%
Net-income growth
41.2%
Debt / equity
0.9×
Current ratio
1.6×
Free cash flow
$1.2B
Tangible book value
-$179M
Cash & investments
$2.6B
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-12 | Hefel Juliane M. | Buy | 3 | $121.45 |
| 2026-06-12 | Hefel Juliane M. | Buy | 9 | $114.84 |
| 2026-04-15 | Smith Cathy R | Option exercise | 1.8K | — |
| 2026-04-15 | Smith Cathy R | Tax withheld | 6 | $107.72 |
| 2026-04-15 | Schneider Todd M. | Option exercise | 432 | — |
| 2026-04-15 | Schneider Todd M. | Tax withheld | 2 | $107.72 |
| 2026-02-20 | Foulkes Anne M. | Sell | 3.6K | $124.61 |
| 2026-02-18 | Williams Brian Richard | Tax withheld | 255 | $128.25 |
| 2026-02-18 | Morales Vincent J | Tax withheld | 4.4K | $128.25 |
| 2026-02-18 | Hagerty Chancey E. | Tax withheld | 546 | $128.25 |
| 2026-02-18 | Gette Joseph R. | Tax withheld | 378 | $128.25 |
| 2026-02-18 | Foulkes Anne M. | Tax withheld | 1.4K | $128.25 |
| 2026-02-18 | Ericson Amy R. | Tax withheld | 875 | $128.25 |
| 2026-02-18 | Braun Kevin D. | Tax withheld | 565 | $128.25 |
| 2026-02-18 | Williams Brian Richard | Grant | 756 | — |
| 2026-02-18 | Williams Brian Richard | Tax withheld | 197 | $128.25 |
| 2026-02-18 | Morales Vincent J | Grant | 10K | — |
| 2026-02-18 | Morales Vincent J | Tax withheld | 4.1K | $128.25 |
| 2026-02-18 | KNAVISH TIMOTHY M | Grant | 25K | — |
| 2026-02-18 | KNAVISH TIMOTHY M | Tax withheld | 9.9K | $128.25 |
| 2026-02-18 | Hagerty Chancey E. | Grant | 1.8K | — |
| 2026-02-18 | Hagerty Chancey E. | Tax withheld | 478 | $128.25 |
| 2026-02-18 | Gette Joseph R. | Grant | 1.1K | — |
| 2026-02-18 | Gette Joseph R. | Tax withheld | 308 | $128.25 |
| 2026-02-18 | Foulkes Anne M. | Grant | 4.9K | — |
| 2026-02-18 | Foulkes Anne M. | Tax withheld | 1.3K | $128.25 |
| 2026-02-18 | Ericson Amy R. | Grant | 2.9K | — |
| 2026-02-18 | Ericson Amy R. | Tax withheld | 763 | $128.25 |
| 2026-02-18 | Braun Kevin D. | Grant | 1.8K | — |
| 2026-02-18 | Braun Kevin D. | Tax withheld | 478 | $128.25 |
| 2026-02-18 | Bergstrom Karl Henrik | Grant | 2.0K | — |
| 2026-02-13 | Morales Vincent J | Option exercise | 19K | $109.74 |
| 2026-02-13 | Morales Vincent J | Option exercise | 30K | $119.52 |
| 2026-02-13 | Morales Vincent J | Sell | 28K | $130.92 |
| 2026-02-13 | Morales Vincent J | Sell | 19K | $131.10 |
| 2026-02-13 | Morales Vincent J | Sell | 30K | $131.00 |
| 2026-02-13 | Morales Vincent J | I | 8.8K | $131.56 |
| 2026-02-04 | Morales Vincent J | Option exercise | 13K | $101.50 |
| 2026-02-04 | Morales Vincent J | Sell | 13K | $125.00 |
| 2026-02-04 | Morales Vincent J | Option exercise | 17K | $116.32 |
| 2026-02-04 | Morales Vincent J | Sell | 17K | $125.00 |
| 2026-01-29 | Hagerty Chancey E. | Option exercise | 2.2K | $95.00 |
| 2026-01-29 | Hagerty Chancey E. | Sell | 2.2K | $115.59 |
| 2026-01-15 | Morales Vincent J | Option exercise | 5.2K | $95.00 |
| 2026-01-15 | Morales Vincent J | Sell | 5.2K | $110.00 |
| 2025-11-11 | Hefel Juliane M. | Option exercise | 1.5K | — |
| 2025-11-11 | Hefel Juliane M. | Tax withheld | 439 | $95.91 |
| 2025-05-13 | Bergstrom Karl Henrik | Option exercise | 1.6K | — |
| 2025-04-16 | Smith Cathy R | Option exercise | 1.4K | — |
| 2025-04-16 | Smith Cathy R | Tax withheld | 5 | $98.42 |
| 2025-04-16 | RICHENHAGEN MARTIN | Option exercise | 1.4K | — |
| 2025-04-16 | RICHENHAGEN MARTIN | Tax withheld | 5 | $98.42 |
| 2025-02-19 | Williams Brian Richard | Grant | 552 | — |
| 2025-02-19 | Williams Brian Richard | Tax withheld | 186 | $116.79 |
| 2025-02-19 | KNAVISH TIMOTHY M | Grant | 7.8K | — |
| 2025-02-19 | KNAVISH TIMOTHY M | Tax withheld | 2.2K | $116.79 |
| 2025-02-19 | Hagerty Chancey E. | Grant | 1.1K | — |
| 2025-02-19 | Hagerty Chancey E. | Tax withheld | 346 | $116.79 |
| 2025-02-19 | Foulkes Anne M. | Grant | 3.3K | — |
| 2025-02-19 | Foulkes Anne M. | Tax withheld | 988 | $116.79 |
| 2025-02-19 | Ericson Amy R. | Grant | 2.5K | — |
| 2025-02-19 | Ericson Amy R. | Tax withheld | 756 | $116.79 |
| 2025-02-19 | Braun Kevin D. | Grant | 1.1K | — |
| 2025-02-19 | Braun Kevin D. | Tax withheld | 346 | $116.79 |
| 2025-02-19 | Bergstrom Karl Henrik | Grant | 1.1K | — |
| 2025-02-14 | KNAVISH TIMOTHY M | Option exercise | 4.8K | $118.12 |
| 2025-02-14 | KNAVISH TIMOTHY M | Sell | 4.8K | $118.35 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-04-28 | Exec/director changeExhibits | filing ↗ |
| 2026-04-28 | ResultsExhibits | filing ↗ |
| 2026-04-21 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-04-15 | ResultsExhibits | filing ↗ |
| 2026-01-27 | ResultsExhibits | filing ↗ |
| 2025-12-11 | Exec/director changeExhibits | filing ↗ |
| 2025-12-01 | Exec/director changeExhibits | filing ↗ |
| 2025-11-03 | Material agreementDebt obligationOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-04-29 | 2026-03-31 | 0000079879-26-000170 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0000079879-26-000164 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0000079879-26-000167 ↗ |
| 8-K | 2026-04-21 | 2026-04-15 | 0000079879-26-000149 ↗ |
| 8-K | 2026-04-15 | 2026-04-15 | 0000079879-26-000129 ↗ |
| 10-K | 2026-02-19 | 2025-12-31 | 0000079879-26-000046 ↗ |
| 8-K | 2026-01-27 | 2026-01-27 | 0000079879-26-000025 ↗ |
| 8-K | 2025-12-11 | 2025-12-11 | 0000079879-25-000345 ↗ |
| 8-K | 2025-12-01 | 2025-11-28 | 0000079879-25-000342 ↗ |
| 8-K | 2025-11-03 | 2025-10-30 | 0001193125-25-262563 ↗ |
| 10-Q | 2025-10-29 | 2025-09-30 | 0000079879-25-000311 ↗ |
| 8-K | 2025-10-28 | 2025-10-28 | 0000079879-25-000306 ↗ |