Ppg Industries (PPG) Gross Margin (2009 - 2026)
Ppg Industries' (PPG) quarterly Gross Margin came in at 42.11% in Q1 2026, up 26.0% year-on-year from 33.42% in Q1 2025, and up 3.15% on a QoQ basis from 40.83% in Q4 2025.
Ppg Industries (PPG) Gross Margin (2009 - 2026) Analysis & Trends
Ppg Industries (PPG) has 18 years of Gross Margin data on file, last reported at 42.11% in Q1 2026.
- On a quarterly basis, Gross Margin rose 26.0% year-over-year to 42.11% in Q1 2026; TTM through Mar 2026 was 41.39%, a 1.0% decrease from a year earlier, with the FY2025 full-year figure at 41.32%, down 29.0% from the prior year.
- Gross Margin for Q1 2026 stood at 42.11%, up from 40.83% in the prior quarter.
- Over the last five years, Gross Margin for PPG reached as high as 42.71% in Q1 2024 and fell as low as 30.04% in Q4 2022.
- Historically, Gross Margin has averaged 39.72% across 5 years, with a median of 40.74% in 2023.
- Across the five-year window, Gross Margin plunged 571 bps in 2022 and surged 755 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 30.04% in 2022, then gained by 25 bps to 37.6% in 2023, then grew by 8 bps to 40.57% in 2024, then advanced by 1 bps to 40.83% in 2025, then gained by 3 bps to 42.11% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 42.11% in Q1 2026, 40.83% in Q4 2025, and 40.57% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 237.95 Bn | 233.99 Bn | 4.26 Bn | 48.49% |
| 2 | Sherwin Williams | 78.17 Bn | 77.95 Bn | 2.78 Bn | 49.07% |
| 3 | Ecolab | 76.02 Bn | 75.37 Bn | 1.85 Bn | 44.03% |
| 4 | Air Products & Chemicals | 66.38 Bn | 65.43 Bn | 987.40 Mn | 31.13% |
| 5 | Ppg Industries | 26.02 Bn | 24.40 Bn | 1.66 Bn | 42.11% |
| 6 | LyondellBasell Industries | 22.51 Bn | 19.87 Bn | 701.00 Mn | 9.74% |
| 7 | Chemical & Mining Co Of Chile | 19.70 Bn | 15.83 Bn | 778.60 Mn | 44.24% |
| 8 | International Flavors & Fragrances | 19.51 Bn | 18.95 Bn | 1.02 Bn | 37.14% |
| 9 | DuPont de Nemours | 18.80 Bn | 18.71 Bn | 602.00 Mn | 35.81% |
| 10 | Rpm International | 13.63 Bn | 13.32 Bn | 950.03 Mn | 42.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.11% |
| Dec 31, 2025 | 40.83% |
| Sep 30, 2025 | 40.57% |
| Jun 30, 2025 | 42.03% |
| Mar 31, 2025 | 41.86% |
| Dec 31, 2024 | 40.57% |
| Sep 30, 2024 | 40.95% |
| Jun 30, 2024 | 42.15% |
| Mar 31, 2024 | 42.71% |
| Dec 31, 2023 | 37.60% |
| Sep 30, 2023 | 40.74% |
| Jun 30, 2023 | 41.17% |
| Mar 31, 2023 | 40.73% |
| Dec 31, 2022 | 30.04% |
| Sep 30, 2022 | 36.86% |
| Jun 30, 2022 | 37.03% |
| Mar 31, 2022 | 37.37% |
| Dec 31, 2021 | 35.75% |
| Sep 30, 2021 | 37.49% |
| Jun 30, 2021 | 39.69% |