PPG Industries, Inc. (PPG) vs Steel Dynamics, Inc. (STLD)
A side-by-side comparison of PPG Industries, Inc. and Steel Dynamics, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
PPG
PPG Industries, Inc.
$105.06Basic MaterialsDelayed quote: Sep 18, 2026, 3:05 PM EDT
STLD
Steel Dynamics, Inc.
$234.69Basic MaterialsDelayed quote: Sep 18, 2026, 3:05 PM EDT
Total return — PPG vs STLD
growth of $100 · dividends reinvested · last 10yPPG +18.5% (+1.7%/yr)STLD +1155.5% (+28.8%/yr)STLD compounded faster over this window
Log scale — wide-divergence pair
PPG STLD
PPG vs STLD: by the numbers
- •STLD is the larger company ($33.64B vs $23.35B market cap).
- •PPG trades at the lower trailing earnings multiple (15.05 vs 21.28 P/E), one valuation lens rather than an overall verdict.
- •PPG converts more revenue to profit (9.57% vs 7.83% net margin).
- •STLD grew revenue faster over the past five years (9.68% vs 0.93% CAGR).
- •PPG pays the higher dividend yield (2.72% vs 0.86%).
Metrics side by side
Valuation
| Metric | PPG | STLD |
|---|---|---|
| P/E ratio | 15.05 | 21.28 |
| Forward P/E | 13.29 | 13.62 |
| P/S ratio | 1.42 | 1.64 |
| P/B ratio | 2.77 | 3.57 |
| EV / EBITDA | 11.32 | 13.42 |
| FCF yield | 6.02% | 2.84% |
Profitability
| Metric | PPG | STLD |
|---|---|---|
| Gross margin | 40.09% | 14.62% |
| Operating margin | 12.48% | 10.57% |
| Net margin | 9.57% | 7.83% |
| ROE | 18.62% | 17.06% |
| ROIC | 8.84% | 10.79% |
Dividends
| Metric | PPG | STLD |
|---|---|---|
| Dividend yield | 2.72% | 0.86% |
| Payout ratio | 41.12% | 18.68% |
Growth (annualized)
| Metric | PPG | STLD |
|---|---|---|
| Revenue CAGR (5Y) | 0.93% | 9.68% |
| EPS CAGR (5Y) | 9.26% | 25.18% |
| FCF CAGR (5Y) | -7.12% | 26.72% |
| Total return CAGR (5Y) | -5.17% | 31.46% |
Frequently asked
- Which has the lower trailing P/E, PPG or STLD?
- PPG has the lower trailing P/E: PPG trades at 15.05 and STLD at 21.28. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, PPG or STLD?
- Over the past five years, STLD grew revenue faster — PPG at a 0.93% CAGR versus STLD at 9.68%.
- Does PPG or STLD pay a bigger dividend?
- PPG yields 2.72% and STLD yields 0.86% based on trailing dividends and the latest price.
- Is PPG or STLD more profitable?
- PPG runs the higher net margin — PPG at 9.57% versus STLD at 7.83%.
- How have PPG and STLD total returns compared?
- Over the past 10 years, PPG delivered 2.37% and STLD delivered 28.36% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
PPG Industries P/E ratioSteel Dynamics P/E ratioPPG Industries dividend yieldSteel Dynamics dividend yieldPPG Industries ROESteel Dynamics ROEPPG Industries operating marginSteel Dynamics operating marginPPG Industries revenue growthSteel Dynamics revenue growthPPG Industries free cash flowSteel Dynamics free cash flow
PPG Industries & Steel Dynamics 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 September 13, 2026.