Ppg Industries (PPG) Operating Margin (2009 - 2026)
Ppg Industries (PPG) posted quarterly Operating Margin of 17.13% for Q2 2026, down 158.0% year-over-year from 29.53% in Q2 2025, and up 2.47% quarter-over-quarter from 16.72% in Q1 2026.
Ppg Industries (PPG) Operating Margin (2009 - 2026) Analysis & Trends
Ppg Industries (PPG) has reported Operating Margin for 18 consecutive years, with 17.13% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin fell 158.0% year-over-year to 17.13%; the TTM figure through Jun 2026 stood at 16.53% (down 33.0% YoY), while the FY2025 annual figure was 16.81%, up 89.0% from the prior year.
- Operating Margin grew to 17.13% in Q2 2026 per PPG's latest filing, from 16.72% in the prior quarter.
- Across five years, Operating Margin topped out at 19.82% in Q4 2023 and bottomed at 12.09% in Q1 2022.
- Historically, Operating Margin has averaged 16.38% across 5 years, with a median of 16.85% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin jumped 1006 bps — and 2024, when it tumbled 513 bps.
- Ppg Industries' Operating Margin stood at 17.75% in 2022, then gained by 12 bps to 19.82% in 2023, then fell by 26 bps to 14.7% in 2024, then slipped by 2 bps to 14.33% in 2025, then rose by 20 bps to 17.13% in 2026.
- Business Quant data shows PPG's Operating Margin at 17.13% in Q2 2026, 16.72% in Q1 2026, and 14.33% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 222.77 Bn | 217.87 Bn | 4.43 Bn | 27.49% |
| 2 | Sherwin Williams | 84.55 Bn | 84.26 Bn | 3.34 Bn | 18.18% |
| 3 | Ecolab | 78.89 Bn | 73.75 Bn | 1.95 Bn | 17.16% |
| 4 | Air Products & Chemicals | 66.91 Bn | 65.93 Bn | 1.04 Bn | -66.34% |
| 5 | Ppg Industries | 25.15 Bn | 23.56 Bn | 1.81 Bn | 14.73% |
| 6 | Chemical & Mining Co Of Chile | 22.35 Bn | 18.48 Bn | 778.60 Mn | 47.01% |
| 7 | LyondellBasell Industries | 22.02 Bn | 19.39 Bn | 2.04 Bn | 16.81% |
| 8 | International Flavors & Fragrances | 21.27 Bn | 20.70 Bn | 853.00 Mn | 8.09% |
| 9 | DuPont de Nemours | 18.86 Bn | 17.12 Bn | 639.00 Mn | 18.03% |
| 10 | Albemarle | 15.88 Bn | 14.25 Bn | 590.30 Mn | 33.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.13% |
| Mar 31, 2026 | 16.72% |
| Dec 31, 2025 | 14.33% |
| Sep 30, 2025 | 17.79% |
| Jun 30, 2025 | 18.71% |
| Mar 31, 2025 | 16.34% |
| Dec 31, 2024 | 14.70% |
| Sep 30, 2024 | 17.39% |
| Jun 30, 2024 | 19.34% |
| Mar 31, 2024 | 17.85% |
| Dec 31, 2023 | 19.82% |
| Sep 30, 2023 | 15.87% |
| Jun 30, 2023 | 16.97% |
| Mar 31, 2023 | 15.71% |
| Dec 31, 2022 | 17.75% |
| Sep 30, 2022 | 12.76% |
| Jun 30, 2022 | 13.64% |
| Mar 31, 2022 | 12.09% |
| Dec 31, 2021 | 7.68% |
| Sep 30, 2021 | 13.15% |