Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.3B | $14.7B | $15.4B | $15.1B | $13.8B | $16.8B | $15.6B | $16.2B | $15.8B | $15.9B |
| Revenue growth | — | 3.3% | 4.2% | -1.5% | -8.7% | 21.5% | -7.1% | 4.0% | -2.4% | 0.2% |
| Operating income | $2.38B | $2.29B | $2.12B | $2.27B | $2.11B | $2.17B | $2.04B | $2.67B | — | — |
| Operating margin | 16.7% | 15.5% | 13.8% | 15.0% | 15.2% | 12.9% | 13.1% | 16.5% | — | — |
| Net income | $873M | $1.59B | $1.34B | $1.24B | $1.06B | $1.44B | $1.03B | $1.27B | $1.12B | $1.58B |
| Net margin | 6.1% | 10.8% | 8.7% | 8.2% | 7.7% | 8.6% | 6.6% | 7.8% | 7.0% | 9.9% |
| EPS (diluted) | $3.27 | $6.18 | $5.47 | $5.22 | $4.45 | $6.01 | $4.32 | $5.35 | $4.75 | $6.94 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.35B | $1.57B | $1.47B | $2.08B | $2.13B | $1.56B | $963M | $2.41B | $1.42B | $1.94B |
| Capital expenditures | $380M | $360M | $411M | $413M | $304M | $371M | $486M | $516M | $721M | $778M |
| Free cash flow | $971M | $1.21B | $1.06B | $1.67B | $1.83B | $1.19B | $477M | $1.90B | $699M | $1.16B |
| Share buybacks | $1.05B | $813M | $1.72B | $325M | $0.00 | $210M | $190M | $86.0M | $752M | $790M |
| Dividends paid | $414M | $434M | $453M | $468M | $496M | $536M | $570M | $598M | $622M | $628M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.82B | $1.44B | $902M | $1.22B | $1.83B | $1.00B | $1.10B | $1.49B | $1.27B | $2.16B |
| Total assets | $15.8B | $16.5B | $16.0B | $17.7B | $19.6B | $21.4B | $20.7B | $21.6B | $19.4B | $22.1B |
| Total liabilities | $10.9B | $10.9B | $11.3B | $12.3B | $13.7B | $14.9B | $14.0B | $13.6B | $12.5B | $14.0B |
| Long-term debt | $3.79B | $4.13B | $4.37B | $4.54B | $5.17B | $6.57B | $6.50B | $5.75B | $4.88B | $6.60B |
| Shareholders' equity | $4.83B | $5.56B | $4.63B | $5.28B | $5.69B | $6.29B | $6.59B | $7.83B | $6.79B | $7.94B |
| Retained earnings | $16.0B | $17.1B | $18.1B | $18.9B | $19.5B | $20.4B | $20.8B | $21.5B | $22.0B | $22.9B |
| Shares (wtd avg diluted) | 267M | 258M | 245M | 238M | 238M | 239M | 237M | 237M | 235M | 227M |
Every figure is extracted from PPG INDUSTRIES INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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