Filing Flows › PPG Industries (PPG) › Q4 2025
PPG Industries (PPG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
PPG Industries (PPG) reported revenue of $3.9B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -4% from the quarter before. Operating margin was 9.9%, net earnings $300M (7.7% of revenue).
PPG Industries, Q4 2025: revenue $3.9B (+5% year over year), operating margin 9.9%, net earnings $300M, operating cash flow $887M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | -4% | +5% |
| Operating profit | $387M | -44% | — |
| Net earnings | $300M | -34% | — |
| Operating cash flow | $887M | +29% | +156% |
| Free cash flow | $586M | +9% | +325% |
What changed
Revenue was $3.9B in Q4 2025, up 5% year over year and down 4% from the previous quarter.
Operating profit was $0.39B, a 9.9% margin (up 15.3 points year over year). Total costs fell 10% while revenue rose 5%. Net earnings were $0.30B. The effective tax rate was 20.2%.
Operating cash flow was $0.89B (up 156% year over year), 287% of net income including minority interests. Non-cash charges added back $0.13B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.43B. Capital expenditures of $0.30B left free cash flow of $0.59B.
Questions
What was PPG Industries' revenue in the fourth quarter 2025?
PPG Industries (PPG) reported revenue of $3.9B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -4% from the quarter before.
Was PPG Industries profitable in the fourth quarter 2025?
Operating profit was $387M (9.9% of revenue) and net earnings $300M.
Source: PPG Industries 10-K on SEC EDGAR.