Ppg Industries (PPG) Operating Margin (2009 - 2026)
Ppg Industries (PPG) posted Operating Margin of 14.15% for Q2 2026, down 1.35 percentage points from 15.49% a year earlier but up 0.79 percentage points from the prior quarter.
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Analysis
Ppg Industries (PPG) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Ppg Industries was 13.25%, down 0.44 percentage points year-over-year; for FY2025, it came in at 13.48%, up 0.67 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +2.03 percentage points (FY2020 to FY2025).
- In prior years, Ppg Industries' Operating Margin was 12.81% in FY2024 (-0.76 pp), 13.58% in FY2023 (+3.26 pp), 10.31% in FY2022 (+0.31 pp) and 10.00% in FY2021 (-1.45 pp).
- Quarterly Operating Margin has run from a low of 4.13% in Q4 2021 to a high of 16.41% in Q2 2024 over five years.
- On a year-over-year basis, Operating Margin increased in two of the last eight quarters, with an average year-over-year change of -0.77 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2022, with a gain of 9.84 percentage points; the weakest was Q4 2021, with a drop of 8.81 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 13.36% (Q1 2026), 10.91% (Q4 2025) and 14.40% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 238.84 Bn | 220.98 Bn | 4.44 Bn | 22.86% |
| 2 | Corning | 98.69 Bn | 90.37 Bn | 1.81 Bn | 18.76% |
| 3 | Sherwin Williams | 85.12 Bn | 84.13 Bn | 3.28 Bn | 17.61% |
| 4 | Air Products & Chemicals | 69.02 Bn | 64.21 Bn | 1.04 Bn | -66.34% |
| 5 | LyondellBasell Industries | 38.36 Bn | 26.43 Bn | 1.50 Bn | 12.55% |
| 6 | Nutrien | 34.35 Bn | 30.38 Bn | - | - |
| 7 | Ppg Industries | 27.44 Bn | 20.36 Bn | 1.76 Bn | 14.89% |
| 8 | Qnity Electronics | 26.06 Bn | 22.20 Bn | 743.00 Mn | 28.15% |
| 9 | Ati | 25.56 Bn | 23.51 Bn | 380.20 Mn | 19.10% |
| 10 | Dow | 22.14 Bn | 6.10 Bn | 1.38 Bn | 6.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.89% |
| Jun 30, 2026 | 14.15% |
| Mar 31, 2026 | 13.36% |
| Dec 31, 2025 | 10.91% |
| Sep 30, 2025 | 14.40% |
| Jun 30, 2025 | 15.49% |
| Mar 31, 2025 | 13.06% |
| Dec 31, 2024 | 11.50% |
| Sep 30, 2024 | 14.43% |
| Jun 30, 2024 | 16.41% |
| Mar 31, 2024 | 14.47% |
| Dec 31, 2023 | 15.30% |
| Sep 30, 2023 | 12.81% |
| Jun 30, 2023 | 14.24% |
| Mar 31, 2023 | 12.67% |
| Dec 31, 2022 | 13.97% |
| Sep 30, 2022 | 9.74% |
| Jun 30, 2022 | 10.64% |
| Mar 31, 2022 | 8.73% |
| Dec 31, 2021 | 4.13% |
API Access
Ppg Industries Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=PPG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "PPG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=PPG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();