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PPG Industries vs Axalta Coating Systems: PPG and AXTA compared
PPG Industries is the larger company: $4.4B of revenue in its latest quarter (Q3 2026) against $1.3B for Axalta Coating Systems (Q3 2026). PPG Industries is growing faster (+7% against +2% a year earlier). PPG Industries is more profitable, with an operating margin of 17.4% against 12.6%.
Where the money goes: PPG and AXTA
PPG Industries (PPG) · Q3 2026
PPG Industries, Q3 2026: revenue $4.4B (+7% year over year), operating margin 17.4%, net earnings $451M, operating cash flow $566M. The chart follows the revenue to costs, profit and cash.
Axalta Coating Systems (AXTA) · Q3 2026
Axalta Coating Systems, Q3 2026: revenue $1.3B (+2% year over year), operating margin 12.6%, net earnings $95.0M, operating cash flow $135M. The chart follows the revenue to costs, profit and cash.
| PPG Industries (PPG) | Axalta Coating Systems (AXTA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.4B | $1.3B |
| Revenue growth, Y/Y | +7% | +2% |
| Operating margin | 17.4% | 12.6% |
| Net earnings | $451M | $95.0M |
| Net margin | 10.4% | 7.2% |
| Operating cash flow | $566M | $135M |
| Free cash flow | $411M | $92.0M |
| Market value | $27.5B | $7.8B |
| P/E | 17.6× | 23.5× |
| Analysts’ mean target | $130.14 | $38.82 |
Where the revenue comes from
PPG Industries
- Industrial Coatings: $1.7B (40%)
- Performance Coatings: $1.6B (36%)
- Global Architectural Coatings: $1.1B (24%)
Axalta Coating Systems
- Performance Coatings: $818M (62%)
- Mobility Coatings: $493M (38%)
Questions
Which is bigger, PPG Industries or Axalta Coating Systems?
PPG Industries is the larger company: $4.4B of revenue in its latest quarter (Q3 2026) against $1.3B for Axalta Coating Systems (Q3 2026).
Is PPG Industries or Axalta Coating Systems growing faster?
PPG Industries is growing faster (+7% against +2% a year earlier).
Which is more profitable, PPG Industries or Axalta Coating Systems?
PPG Industries is more profitable, with an operating margin of 17.4% against 12.6%.
More: PPG Industries earnings · how PPG Industries makes money · Axalta Coating Systems earnings · how Axalta Coating Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.