PPG Industries (PPG) FY2025 10-K Annual Report
PPG Industries (PPG) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
PPG Industries FY2025 10-K Analysis
Business Overview
- • Core business model: Manufacturer and distributor of paints, coatings, and specialty products across three segments: Global Architectural, Performance, and Industrial Coatings
- • Emphasis on sustainability and productivity in product development aligned with macro market trends and customer-specific customization
- • Strategic alliances expanded with Kansai Paints and Asian Paints to strengthen automotive OEM and industrial coatings presence in Japan, North America, Europe, and India
- • R&D investment stable at $446 million, representing 2.8% of net sales, consistent with prior years and focused on innovation and technology platforms
- • Operates in 50+ countries with significant manufacturing and distribution facilities worldwide, supporting diversified end-markets including aerospace, automotive, packaging, and consumer products
Management Discussion & Analysis
- • Revenue not explicitly stated; cost of sales $9,316M up 0.7% from $9,252M in 2024
- • Operating margin details absent; cost of sales as % of net sales 58.7% vs 58.4% in 2024
- • SG&A expenses $3,439M up 1.4%, as % of net sales 21.7% vs 21.4% YoY
- • Depreciation $403M up 11.9%, 2.5% of net sales vs 2.3% in prior year
- • Business restructuring charge $239M in 2025 for cost reductions post divestitures; interest expense flat $241M
Risk Factors
- • Cybersecurity risk oversight by Board and Audit Committee with bi-annual CIO briefings on key risks and mitigation activities
- • Enterprise Risk Committee updated on cybersecurity threats at each meeting impacting operational and financial risk management
- • CIO and CISO with global IT management experience lead cybersecurity program and risk assessments at PPG
- • Communication protocols escalate cybersecurity incidents to crisis response team and senior management for materiality assessment
PPG Industries FY2025 Key Financial MetricsXBRL
Revenue
$15.9B
▲ +0.2% YoY
Net Income
$1.6B
▲ +41.2% YoY
Net Margin
9.9%
▲ +288bp YoY
ROE
19.8%
▲ +340bp YoY
Total Assets
$22.1B
▲ +13.7% YoY
EPS (Diluted)
$6.94
▲ +46.1% YoY
Operating Cash Flow
$1.9B
▲ +36.7% YoY
Source: XBRL data from PPG Industries FY2025 10-K filing on SEC EDGAR. All figures in USD.
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