Ppg Industries (PPG) Gross Margin (2009 - 2026)
Ppg Industries' (PPG) quarterly Gross Margin came in at 40.22% in Q2 2026, down 180.0% year-over-year from 50.28% in Q2 2025, and down 4.49% quarter-over-quarter from 42.11% in Q1 2026.
Analysis
Ppg Industries (PPG) Gross Margin (2009 - 2026) Analysis & Trends
Ppg Industries (PPG) has reported Gross Margin for 18 consecutive years, with 40.22% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 180.0% year-over-year to 40.22% in Q2 2026; TTM through Jun 2026 was 40.9%, a 46.0% decrease from a year earlier, with the FY2025 full-year figure at 41.32%, down 29.0% from the prior year.
- Gross Margin was 40.22% for Q2 2026 at Ppg Industries, down from 42.11% in the prior quarter.
- Over five years, Gross Margin peaked at 42.71% in Q1 2024 and troughed at 30.04% in Q4 2022.
- A 5-year average of 39.75% and a median of 40.74% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 571 bps in 2022 and soared 755 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 30.04% in 2022, then climbed by 25 bps to 37.6% in 2023, then rose by 8 bps to 40.57% in 2024, then grew by 1 bps to 40.83% in 2025, then decreased by 1 bps to 40.22% in 2026.
- The last three Gross Margin figures came in at 40.22% (Q2 2026), 42.11% (Q1 2026), and 40.83% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sherwin Williams | 81.02 Bn | 80.72 Bn | 3.34 Bn | 49.17% |
| 2 | Ppg Industries | 25.02 Bn | 23.57 Bn | 1.81 Bn | 40.22% |
| 3 | Rpm International | 13.47 Bn | 13.16 Bn | 950.03 Mn | 42.57% |
| 4 | Axalta Coating Systems | 7.66 Bn | 7.07 Bn | 465.00 Mn | 34.55% |
| 5 | Fuller H B | 2.90 Bn | 2.78 Bn | 319.65 Mn | 33.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.22% |
| 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% |