PPG Industries vs RPM International
PPG Industries is the larger business, with $15.88bn of revenue in fiscal 2025 against $7.86bn for RPM International (2.0 times as much). RPM International grew faster (6.7% against 0.2%). PPG Industries kept more of each dollar of sales as profit: a net margin of 9.9% against 8.4%.
| Latest fiscal year | PPG IndustriesPPG, 2025 | RPM InternationalRPM, 2026 |
|---|---|---|
| Revenue | $15.88bn | $7.86bn |
| Revenue growth | 0.2% | 6.7% |
| Net income | $1.58bn | $661m |
| Operating margin | — | — |
| Net margin | 9.9% | 8.4% |
| Return on equity | 21.4% | 21.3% |
| Free cash flow | $1.16bn | $675m |
| Cash | $2.16bn | $315m |
| Total debt | $8.01bn | $2.53bn |
| Debt to equity | — | 76.5% |
| Dividend per share | $2.78 | — |
| Dividend yield | 2.3% | 2.0% |
| Share buybacks | $790m | $77.5m |
| Employees | 43,500 | — |
| Market value | $27.01bn | $13.53bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 71 (Strong) | 64 (Moderate) |
| Insider trades, 12 months | 4 buys, 8 sales | 0 buys, 2 sales |