PPG Industries Inc (PPG)

Net 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
Net income (ttm) US$ in thousands 1,270,000 1,418,000 1,321,000 1,272,000 1,026,000 1,074,000 1,089,000 1,079,000 1,439,000 1,425,000 1,523,000 1,194,000 1,059,000 1,079,000 1,004,000 1,174,000 1,243,000 1,209,000 1,220,000 1,319,000
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
Net profit margin 7.01% 7.93% 7.45% 7.22% 5.85% 6.08% 6.17% 6.22% 8.51% 8.65% 9.69% 8.36% 7.68% 7.87% 7.25% 7.89% 8.21% 8.00% 8.08% 8.67%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,270,000K ÷ $18,119,000K
= 7.01%

The net profit margin of PPG Industries, Inc. has shown moderate fluctuations over the past eight quarters, ranging from 5.81% to 7.84%. The company's net profit margin was relatively stable in 2022, with values oscillating between 5.81% and 6.26%. However, there was a slight increase in Q3 2023 with a net profit margin of 7.84%, followed by a dip in Q4 2023 to 6.96%. Overall, PPG Industries, Inc. has maintained a reasonable level of net profit margin, indicating its ability to effectively manage operating expenses and generate profits relative to revenues during the period under review.


Peer comparison

Dec 31, 2023

Company name
Symbol
Net profit margin
PPG Industries Inc
PPG
7.01%
Axalta Coating Systems Ltd
AXTA
5.16%
RPM International Inc
RPM
8.16%