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How PPG Industries (PPG) makes money

PPG Industries (PPG) made $4.4B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Industrial Coatings brought in $1.7B (40%); Performance Coatings brought in $1.6B (36%); Global Architectural Coatings brought in $1.1B (24%). Of every dollar of revenue, 17¢ was left as operating profit, 10¢ was left as net earnings.

Drawing the Sankey…

PPG Industries revenue by segment, Q3 2026PPG Industries revenue by segment, Q3 2026Industrial Coatings$1.7BPerformance Coatings$1.6BGlobal Architectural Coatings$1.1B
PPG Industries: revenue by line, Q1 2025 to Q3 2026PPG Industries: revenue by line, Q1 2025 to Q3 2026Industrial CoatingsPerformance CoatingsGlobal Architectural …Industrial Coatings: $1.7B latest$1.7BPerformance Coatings: $1.6B latest$1.6BGlobal Architectural Coatings: $1.1B latest$1.1BQ1 2025Q2 2025Q3 2025Q1 2026Q2 2026Q3 2026
Industrial Coatings went from 42% of revenue in Q1 2025 to 40% in Q3 2026, the largest shift in the mix.
PPG Industries revenue by quarterPPG Industries revenue by quarter$3.7BQ1 2025$4.2BQ2 2025$4.1BQ3 2025$3.9BQ4 2025$3.9BQ1 2026$4.5BQ2 2026$4.4BQ3 2026
PPG Industries: where each dollar of revenue goesPPG Industries: where each dollar of revenue goesOperating profit17¢Income tax4¢Net earnings10¢Operating cash flow13¢Free cash flow9¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Industrial Coatings$1.7B40.1%-2%+5%
Performance Coatings$1.6B35.7%-4%+10%
Global Architectural Coatings$1.1B24.2%-4%+4%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$4.4B100.0%
Operating profit$757M17.4%
Income tax$153M3.5%
Net earnings$451M10.4%
Operating cash flow$566M13.0%
Free cash flow$411M9.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$4.4B+7%
Q2 2026$4.5B+7%
Q1 2026$3.9B+7%
Q4 2025$3.9B+5%
Q3 2025$4.1B+1%
Q2 2025$4.2B-0.9%
Q1 2025$3.7B-4%

From PPG Industries' 10-Q filed Oct 28, 2026 (on EDGAR).

Questions

How does PPG Industries make money?

PPG Industries (PPG) made $4.4B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Industrial Coatings brought in $1.7B (40%); Performance Coatings brought in $1.6B (36%); Global Architectural Coatings brought in $1.1B (24%). Of every dollar of revenue, 17¢ was left as operating profit, 10¢ was left as net earnings.

What is PPG Industries' biggest business?

Industrial Coatings: $1.7B in the third quarter 2026, 40% of revenue, +5% from a year earlier.

What is PPG Industries' profit margin?

Net earnings were $451M, 10.4% of revenue, in the third quarter 2026; the operating margin was 17.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.