PPG Industries Inc (PPG)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 6,294,000 | 7,358,000 | 7,338,000 | 7,439,000 | 7,501,000 | 7,244,000 | 6,999,000 | 6,730,000 | 6,556,000 | 6,492,000 | 6,484,000 | 6,477,000 | 6,516,000 | 6,635,000 | 6,655,000 | 6,237,000 | 6,057,000 | 6,001,000 | 5,987,000 | 6,411,000 |
| Revenue (ttm) | US$ in thousands | 15,845,000 | 18,030,000 | 18,099,000 | 18,177,000 | 18,246,000 | 18,081,000 | 17,905,000 | 17,724,000 | 17,652,000 | 17,657,000 | 17,561,000 | 17,229,000 | 16,802,000 | 16,369,000 | 15,682,000 | 14,338,000 | 13,834,000 | 13,749,000 | 13,890,000 | 14,899,000 |
| Gross profit margin | 39.72% | 40.81% | 40.54% | 40.93% | 41.11% | 40.06% | 39.09% | 37.97% | 37.14% | 36.77% | 36.92% | 37.59% | 38.78% | 40.53% | 42.44% | 43.50% | 43.78% | 43.65% | 43.10% | 43.03% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,294,000K ÷ $15,845,000K
= 39.72%
PPG Industries Inc's gross profit margin has displayed fluctuations over the period analyzed. The gross profit margin started at a relatively stable level in March 2020 at 43.03% and increased gradually to 43.78% by December 2020. However, there was a slight decline in the margin in the subsequent quarters, reaching 37.59% in March 2022, before starting to recover.
Despite showing some improvement in the following quarters, the gross profit margin decreased again to 36.77% by September 2022. However, it gradually recovered to 41.11% by December 2023 only to drop again to 39.72% by December 2024.
The overall trend indicates some volatility in PPG Industries Inc's ability to generate profit from its core operations, with periods of improvement followed by declines. Further analysis of the factors influencing these fluctuations may be necessary to understand the company's financial performance better.
Peer comparison
Dec 31, 2024