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PPG Industries PPG

PPG Industries scores average on business quality (5.0 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$103.96Oct 10, 2026
Business qualityAverage
Next earningsOct 27, 2026, after the close
Insiders, 90 daysBuying

Why it matters

  1. What PPG Industries does

    PPG Industries formulates and distributes paints, coatings, and specialty materials to industrial, architectural, and automotive customers globally, generating revenue through high-volume product sales. The firm is navigating a period of muted demand while preparing its upcoming third quarter 2026 earnings report to clarify its near-term trajectory.

  2. What it does best

    PPG delivers a gross margin of 40.9%, outperforming peer DD at 37.1%. This advantage stems from entrenched customer relationships and specialized formulations that are difficult to substitute without risking end-product failure.

  3. The main risk

    Muted revenue growth sitting in the sector's lower deciles threatens volume absorption, leaving little room for operational missteps if raw material costs fluctuate.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margin stands at 13.2% alongside an ROE of 19.5%, placing profitability in the middle of the pack for its sector. Margins remain stable as pricing power offsets flat volume growth.

MoatFair

Switching costs across industrial clients form its primary moat, supported by a gross margin in the sector's top quartile at the 81st percentile. Rivals struggle to displace certified paint systems without halting client assembly lines.

GrowthSlow

Revenue grew a modest 0.2% over the latest period, dragging growth into the lower quartile of its sector at the 31st percentile as historical top-line momentum flatlines.

Financial healthFair

Debt-to-equity sits at 0.9x with an interest coverage of 8.5x, meaning debt servicing is manageable. Free cash flow rebounded to $1.4B, pointing to a stabilizing financial base.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 insider bought $1K on the open market.

Our sealed record on PPG

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is PPG a good business?

PPG Industries scores average on the Cluenex quality check (5.0 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health fair.

Are insiders buying PPG?

In the last 90 days of SEC Form 4 filings: 1 insider bought $1K on the open market.

When does PPG report earnings?

Oct 27, 2026, after the close.

For members

See PPG today

  • Today's verdict on PPG, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “PPG Industries (PPG)”, https://cluenex.com/stocks/ppg/, data as of Oct 10, 2026.