Filing Flows › PPG Industries (PPG) › Q3 2025
PPG Industries (PPG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
PPG Industries (PPG) reported revenue of $4.1B for the third quarter 2025 (Q3 2025), +1% from a year earlier and -3% from the quarter before. Operating margin was 16.9%, net earnings $453M (11.1% of revenue).
PPG Industries, Q3 2025: revenue $4.1B (+1% year over year), operating margin 16.9%, net earnings $453M, operating cash flow $685M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | -3% | +1% |
| Operating profit | $689M | -7% | 0% |
| Net earnings | $453M | +0.7% | -3% |
| Operating cash flow | $685M | +77% | -11% |
| Free cash flow | $538M | +102% | -14% |
What changed
Revenue was $4.1B in Q3 2025, up 1% year over year and down 3% from the previous quarter. Industrial Coatings was the largest line at 41% of revenue. Performance Coatings added $0.04B year over year (up 3%), 82% of the total change.
Operating profit was $0.69B, a 16.9% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 0% reached operating profit, below the 17% margin then. Total costs grew 1% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+208%). Net earnings were $0.45B, down 3% year over year ($0.45B including minority interests, which bore $0.01B of losses). The effective tax rate was 20.9%.
Operating cash flow was $0.69B (down 11% year over year), 153% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization. Working capital and other items added $0.10B. Capital expenditures of $0.15B left free cash flow of $0.54B.
Questions
What was PPG Industries' revenue in the third quarter 2025?
PPG Industries (PPG) reported revenue of $4.1B for the third quarter 2025 (Q3 2025), +1% from a year earlier and -3% from the quarter before.
Was PPG Industries profitable in the third quarter 2025?
Operating profit was $689M (16.9% of revenue) and net earnings $453M.
Source: PPG Industries 10-Q on SEC EDGAR.