Filing Flows › PPG Industries (PPG) › Q3 2026 › vs Q3 2025
PPG Industries (PPG) Q3 2026 vs Q3 2025 (year over year)
PPG Industries's revenue rose $271M (+7%) from $4.1B in Q3 2025 to $4.4B in Q3 2026. The biggest changes: Performance Coatings +$140M (+10%); Industrial Coatings +$88.0M (+5%); Global Architectural Coatings +$43.0M (+4%). Operating margin 17.4% against 16.9% (+0.5 pts).
PPG Industries, Q3 2026: revenue $4.4B (+7% year over year), operating margin 17.4%, net earnings $451M, operating cash flow $566M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 17.4% | 16.9% | +0.5 pts |
| Net margin | 10.4% | 11.1% | -0.7 pts |
| Free cash flow margin | 9.4% | 13.2% | -3.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Industrial Coatings | $1.7B | $1.7B | $88.0M | +5% |
| Performance Coatings | $1.6B | $1.4B | $140M | +10% |
| Global Architectural Coatings | $1.1B | $1.0B | $43.0M | +4% |
| Revenue | $4.4B | $4.1B | $271M | +7% |
| Operating profit | $757M | $689M | $68.0M | +10% |
| Costs & expenses | $3.6B | $3.4B | $203M | +6% |
| Pre-tax earnings | $609M | $565M | $44.0M | +8% |
| Other expense, net | $148M | $124M | $24.0M | +19% |
| Cost of revenue | $2.6B | $2.4B | $163M | +7% |
| Research & development | $106M | $106M | $0 | 0% |
| SG&A | $876M | $824M | $52.0M | +6% |
| Other operating costs | $25.0M | $37.0M | −$12.0M | -32% |
| Net earnings | $451M | $453M | −$2.0M | -0.4% |
| Minority interests | $5.0M | −$6.0M | $11.0M | — |
| Income tax | $153M | $118M | $35.0M | +30% |
| Depreciation & amortization | $134M | $138M | −$4.0M | -3% |
| Share-based compensation | $10.0M | $0 | $10.0M | — |
| Working capital & other | $29.0M | −$94.0M | $123M | — |
| Operating cash flow | $566M | $685M | −$119M | -17% |
| Free cash flow (OCF − capex) | $411M | $538M | −$127M | -24% |
| Capital expenditures | $155M | $147M | $8.0M | +5% |
Questions
How much did PPG Industries's revenue grow year over year in Q3 2026?
PPG Industries's revenue rose $271M (+7%) from $4.1B in Q3 2025 to $4.4B in Q3 2026.
What drove PPG Industries's revenue change in Q3 2026?
Performance Coatings +$140M (+10%); Industrial Coatings +$88.0M (+5%); Global Architectural Coatings +$43.0M (+4%).