Mastercard Incorporated (MA) vs PPG Industries, Inc. (PPG)
A side-by-side comparison of Mastercard Incorporated and PPG Industries, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
Different business models: MA is classified in Financial Services; PPG is classified in Basic Materials. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
MA
Mastercard Incorporated
$562.75Financial ServicesDelayed quote: Jul 28, 2026, 4:00 PM EDT
PPG
PPG Industries, Inc.
$118.98Basic MaterialsDelayed quote: Jul 28, 2026, 3:59 PM EDT
Total return — MA vs PPG
growth of $100 · dividends reinvested · last 20yMA +12644.3%PPG +472.3%MA compounded faster
Log scale — wide-divergence pair
MA PPG
MA vs PPG: by the numbers
- •MA is the larger company ($497.23B vs $26.52B market cap).
- •PPG trades at the lower trailing earnings multiple (16.90 vs 31.93 P/E), one valuation lens rather than an overall verdict.
- •MA converts more revenue to profit (45.88% vs 9.83% net margin).
- •MA grew revenue faster over the past five years (17.05% vs 2.37% CAGR).
- •PPG pays the higher dividend yield (2.40% vs 0.59%).
Metrics side by side
Valuation
| Metric | MA | PPG |
|---|---|---|
| P/E ratio | 31.93 | 16.90 |
| Forward P/E | 28.09 | 15.03 |
| P/S ratio | 14.52 | 1.65 |
| P/B ratio | 73.29 | 3.28 |
| PEG ratio | 1.83 | 0.32 |
| EV / EBITDA | N/A | 12.58 |
| FCF yield | N/A | 4.61% |
Profitability
| Metric | MA | PPG |
|---|---|---|
| Gross margin | 82.96% | 40.56% |
| Operating margin | 59.40% | 12.80% |
| Net margin | 45.88% | 9.83% |
| ROE | 231.63% | 19.56% |
| ROIC | 48.63% | 43.13% |
Dividends
| Metric | MA | PPG |
|---|---|---|
| Dividend yield | 0.59% | 2.40% |
| Payout ratio | 19.70% | 40.80% |
Growth (annualized)
| Metric | MA | PPG |
|---|---|---|
| Revenue CAGR (5Y) | 17.05% | 2.37% |
| EPS CAGR (5Y) | 20.93% | 9.26% |
| FCF CAGR (5Y) | N/A | -8.56% |
| Total return CAGR (5Y) | 8.55% | -4.46% |
Frequently asked
- Which has the lower trailing P/E, MA or PPG?
- PPG has the lower trailing P/E: MA trades at 31.93 and PPG at 16.90. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, MA or PPG?
- Over the past five years, MA grew revenue faster — MA at a 17.05% CAGR versus PPG at 2.37%.
- Does MA or PPG pay a bigger dividend?
- MA yields 0.59% and PPG yields 2.40% based on trailing dividends and the latest price.
- Is MA or PPG more profitable?
- MA runs the higher net margin — MA at 45.88% versus PPG at 9.83%.
- How have MA and PPG total returns compared?
- Over the past 10 years, MA delivered 20.01% and PPG delivered 3.02% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Mastercard P/E ratioPPG Industries P/E ratioMastercard dividend yieldPPG Industries dividend yieldMastercard ROEPPG Industries ROEMastercard operating marginPPG Industries operating marginMastercard revenue growthPPG Industries revenue growthMastercard free cash flowPPG Industries free cash flow
Mastercard & PPG Industries appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 28, 2026.