Short answer
PPG Industries (PPG) filed its fiscal 2025 10-K annual report with the SEC on Feb 19, 2026. It reported revenue of $15.9B (+0.2% year over year) and net income of $1.6B.
- Top risk flagged: Cybersecurity risk oversight by Board and Audit Committee with bi-annual CIO briefings on key risks and mitigation activities
FY2025 key financial metrics · XBRL
- Revenue
- $15.9B
- +0.2% YoY
- Net income
- $1.6B
- +41.2% YoY
- EPS (diluted)
- $6.94
- +46.1% YoY
- ROE
- 19.8%
- +3.4 pp YoY
- Operating cash flow
- $1.9B
- +36.7% YoY
Source: XBRL data from the PPG Industries (PPG) FY2025 10-K on SEC EDGAR. USD.
PPG Industries FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
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