PPG INDUSTRIES INC FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $15.9B |
| Gross margin | 41.3% |
| Operating income | — not reported |
| Net income | $1.6B |
| Diluted EPS | $6.94 |
| Cash & equivalents | $2.2B |
| Total assets | $22.1B |
| Long-term debt | $7.3B |
Key takeaway
2025 net sales of $15.875 billion were nearly flat year-over-year as higher prices, volumes and favorable FX offset the impact of prior-year divestitures.
🔒 4 more takeaways in the full analysis
Beneath the surface
A Brazilian court entered an award against PPG in the Di Gregório litigation potentially exceeding $700 million (or ~$350 million with simple interest), even though PPG believes Westlake is contractually obligated to pay and views loss risk as remote — a large contingent liability not reflected in reported financials.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for PPG.
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