PPG Industries Inc (PPG)

Gross profit margin

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Gross profit (ttm) US$ in thousands 2,005,000 2,400,000 2,271,000 2,211,000 1,953,000 1,891,000 1,912,000 1,921,000 2,300,000 3,614,000 3,748,000 3,280,000 3,117,000 3,061,000 2,975,000 3,208,000 3,307,000 5,391,000 7,624,000 10,128,000
Revenue (ttm) US$ in thousands 18,119,000 17,888,000 17,733,000 17,607,000 17,552,000 17,655,000 17,643,000 17,356,000 16,913,000 16,477,000 15,717,000 14,289,000 13,791,000 13,706,000 13,844,000 14,888,000 15,131,000 15,104,000 15,103,000 15,207,000
Gross profit margin 11.07% 13.42% 12.81% 12.56% 11.13% 10.71% 10.84% 11.07% 13.60% 21.93% 23.85% 22.95% 22.60% 22.33% 21.49% 21.55% 21.86% 35.69% 50.48% 66.60%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,005,000K ÷ $18,119,000K
= 11.07%

The gross profit margin of PPG Industries, Inc. has shown a generally positive trend over the past eight quarters. There has been a consistent increase in the gross profit margin, with Q4 2023 recording the highest margin of 41.11%. This improvement indicates that the company has been able to effectively manage its cost of goods sold and pricing strategies to generate a greater profit on each dollar of sales. The rising trend in gross profit margin reflects positively on the company's operational efficiency and pricing power. Overall, the upward trajectory of PPG Industries, Inc.'s gross profit margin suggests that the company is effectively controlling its production costs and maximizing its profitability.


Peer comparison

Dec 31, 2023

Company name
Symbol
Gross profit margin
PPG Industries Inc
PPG
11.07%
Axalta Coating Systems Ltd
AXTA
14.49%
RPM International Inc
RPM
41.81%