PPG Industries, Inc. stock research
FY2026 Q1
PPG Industries (PPG) Gross Margin & Quarterly History
Explore PPG Industries, Inc. (PPG) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue and cost of revenue both increased compared to the same quarter last year, with gross profit growing at a faster pace. Gross margin improved sequentially and was slightly higher than the prior-year period.
- Gross profit increased relative to the change in revenue and cost of revenue, supporting the gross margin improvement.
- Compared to the prior quarter, revenue was stable while gross profit was higher, leading to an improved gross margin. Year over year, revenue and cost of revenue both rose, but gross profit increased more, resulting in a slightly higher gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
42.1%
Gross profit
$1.7B
Revenue
$3.9B
Cost of revenue
$2.3B
Quarter-over-quarter change
+1.3 pts
Year-over-year change
+0.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $4.2B | $1.8B | $2.4B | 42.0% |
| Sep 30, 2025 | $4.1B | $1.7B | $2.4B | 40.6% |
| Dec 31, 2025 | $3.9B | $1.6B | $2.3B | 40.8% |
| Mar 31, 2026 | $3.9B | $1.7B | $2.3B | 42.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+1.3 pts
Year-over-year change
Mar 31, 2025
+0.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit increased relative to the change in revenue and cost of revenue, supporting the gross margin improvement.
Compared to the prior quarter, revenue was stable while gross profit was higher, leading to an improved gross margin. Year over year, revenue and cost of revenue both rose, but gross profit increased more, resulting in a slightly higher gross margin.
Monitor the proportion of cost of revenue to revenue in upcoming quarters to assess whether margin improvement can be sustained.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| PPG Industries, Inc. (PPG) | 42.1% |