Ppg Industries (PPG) Operating Margin (2009 - 2026)
Ppg Industries (PPG) reported Operating Margin of 14.05% for Q1 2026, up 12.0% year-over-year from 12.54% in Q1 2025, and up 15.01% on a QoQ basis from 12.21% in Q4 2025.
Ppg Industries (PPG) has 18 years of Operating Margin data on file, last reported at 14.05% in Q1 2026.
- Quarterly Operating Margin rose 12.0% year-over-year to 14.05% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 14.47% (down 45.0% YoY) and the FY2025 annual result came in at 14.41%, up 62.0% from the prior year.
- Operating Margin rose to 14.05% in Q1 2026 per PPG's latest filing, from 12.21% in the prior quarter.
- Across five years, Operating Margin topped out at 17.24% in Q2 2024 and bottomed at 9.73% in Q1 2022.
- The 5-year median for Operating Margin is 14.05% (2026), against an average of 14.02%.
- Peak annual rise in Operating Margin reached 968 bps in 2022, while the deepest fall reached 486 bps in 2022.
- Tracing PPG's Operating Margin over 5 years: stood at 14.9% in 2022, then rose by 12 bps to 16.71% in 2023, then declined by 22 bps to 13.01% in 2024, then retreated by 6 bps to 12.21% in 2025, then rose by 15 bps to 14.05% in 2026.
- Per Business Quant, the three latest PPG Operating Margin figures stand at 14.05% (Q1 2026), 12.21% (Q4 2025), and 15.19% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 230.79 Bn | 226.84 Bn | 4.26 Bn | 27.78% |
| 2 | Chemical & Mining Co Of Chile | 127.66 Bn | 124.93 Bn | 778.60 Mn | 47.01% |
| 3 | Sherwin Williams | 72.51 Bn | 72.30 Bn | 2.78 Bn | 14.31% |
| 4 | Ecolab | 70.96 Bn | 70.34 Bn | 1.85 Bn | 16.97% |
| 5 | Air Products & Chemicals | 62.15 Bn | 63.70 Bn | 987.40 Mn | 23.73% |
| 6 | Ppg Industries | 25.04 Bn | 23.57 Bn | 1.66 Bn | 14.05% |
| 7 | LyondellBasell Industries | 21.62 Bn | 21.73 Bn | 701.00 Mn | 3.32% |
| 8 | Albemarle | 20.26 Bn | 19.42 Bn | 500.97 Mn | 35.06% |
| 9 | DuPont de Nemours | 19.45 Bn | 19.56 Bn | 602.00 Mn | 17.85% |
| 10 | International Flavors & Fragrances | 19.02 Bn | 18.49 Bn | 1.02 Bn | 9.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.05% |
| Dec 31, 2025 | 12.21% |
| Sep 30, 2025 | 15.19% |
| Jun 30, 2025 | 16.28% |
| Mar 31, 2025 | 13.93% |
| Dec 31, 2024 | 13.01% |
| Sep 30, 2024 | 15.18% |
| Jun 30, 2024 | 17.24% |
| Mar 31, 2024 | 15.38% |
| Dec 31, 2023 | 16.71% |
| Sep 30, 2023 | 13.67% |
| Jun 30, 2023 | 15.07% |
| Mar 31, 2023 | 13.61% |
| Dec 31, 2022 | 14.90% |
| Sep 30, 2022 | 10.63% |
| Jun 30, 2022 | 11.53% |
| Mar 31, 2022 | 9.73% |
| Dec 31, 2021 | 5.23% |
| Sep 30, 2021 | 10.86% |
| Jun 30, 2021 | 13.60% |
| Mar 31, 2021 | 14.58% |
| Dec 31, 2020 | 13.84% |
| Sep 30, 2020 | 17.23% |
| Jun 30, 2020 | 6.77% |
| Mar 31, 2020 | 10.31% |
| Dec 31, 2019 | 11.82% |
| Sep 30, 2019 | 14.38% |
| Jun 30, 2019 | 10.54% |
| Mar 31, 2019 | 13.08% |
| Dec 31, 2018 | 11.39% |
| Sep 30, 2018 | 13.36% |
| Jun 30, 2018 | 12.56% |
| Mar 31, 2018 | 13.09% |
| Dec 31, 2017 | 12.28% |
| Sep 30, 2017 | 15.33% |
| Jun 30, 2017 | 17.14% |
| Mar 31, 2017 | 14.92% |
| Dec 31, 2016 | 7.43% |
| Sep 30, 2016 | 16.17% |
| Jun 30, 2016 | 17.72% |
| Mar 31, 2016 | 14.78% |
| Dec 31, 2015 | 14.05% |
| Sep 30, 2015 | 16.03% |
| Jun 30, 2015 | 11.67% |
| Mar 31, 2015 | 12.40% |
| Dec 31, 2014 | 12.81% |
| Sep 30, 2014 | 14.18% |
| Jun 30, 2014 | 14.23% |
| Mar 31, 2014 | 11.99% |
| Dec 31, 2013 | 9.83% |
| Sep 30, 2013 | 10.68% |
| Jun 30, 2013 | 12.67% |
| Mar 31, 2013 | 10.17% |
| Dec 31, 2012 | 17.70% |
| Sep 30, 2012 | 11.94% |
| Jun 30, 2012 | 13.97% |
| Mar 31, 2012 | 5.01% |
| Dec 31, 2011 | 13.96% |
| Sep 30, 2011 | 12.89% |
| Jun 30, 2011 | 13.60% |
| Mar 31, 2011 | 11.89% |
| Dec 31, 2010 | 9.91% |
| Sep 30, 2010 | 12.43% |
| Jun 30, 2010 | 13.16% |
| Mar 31, 2010 | 8.64% |
| Dec 31, 2009 | 17.88% |
| Sep 30, 2009 | 9.95% |
| Jun 30, 2009 | 9.66% |
| Mar 31, 2009 | -0.68% |