Friday 6 November 2026
Export RPM’s income statement to Excel — free account
RPM International Inc.
RPM Basic Materials Specialty Chemicals
RPM International Inc.’s revenue for fiscal 2026 (year ended May 2026) was $7.9 billion, up 6.66% from fiscal 2025.
- Revenue
- +4.82%
- EPS
- +13.5%
- Free cash flow
- +33.1%
- Total debt
- −9.85%
Quarter to August 2026, against a year earlier
105.82
3.23
−2.96%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to May
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Aug ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 4,958 | 5,322 | 5,565 | 5,507 | 6,106 | 6,708 | 7,256 | 7,335 | 7,373 | 7,863 | 7,965 | +5.3% | 8,250 | 8,589 | 8,908 | +4.2% | |
| Gross margin, % | 43.68 | 37.89 | 37.53 | 38.00 | 39.39 | 36.27 | 37.87 | 41.10 | 41.38 | 41.44 | 41.17 | (2.2) pt | ||||||
| EBT | 244 | 417 | 340 | 408 | 668 | 607 | 649 | 788 | 793 | 870 | 909 | +15.2% | ||||||
| EBT margin, % | 4.93 | 7.84 | 6.11 | 7.40 | 10.95 | 9.05 | 8.95 | 10.74 | 10.75 | 11.07 | 11.42 | +6.1 pt | ||||||
| Net income | 185 | 339 | 268 | 305 | 504 | 492 | 480 | 589 | 690 | 662 | 691 | +15.3% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 37.95 | 40.57 | 42.62 | 42.87 | 47.58 | 52.43 | 56.91 | 57.41 | 57.79 | 61.89 | 62.85 | +5.6% | |||||
| Earnings | 1.37 | 2.55 | 2.03 | 2.35 | 3.89 | 3.81 | 3.74 | 4.58 | 5.38 | 5.19 | 5.42 | +16.0% | ||||||
| Cash flow | 2.96 | 2.98 | 2.24 | 4.28 | 5.97 | 1.40 | 4.53 | 8.78 | 6.02 | 7.07 | 7.30 | +10.2% | ||||||
| Capex | (0.97) | (0.87) | (1.05) | (1.15) | (1.22) | (1.74) | (2.00) | (1.62) | (1.80) | (1.58) | (1.33) | +5.6% | ||||||
| Free cash flow | 1.99 | 2.10 | 1.20 | 3.13 | 4.75 | (0.34) | 2.53 | 7.16 | 4.22 | 5.50 | 5.97 | +12.0% | ||||||
| Book value | 11.01 | 12.45 | 10.79 | 9.84 | 13.58 | 15.51 | 16.81 | 19.66 | 22.63 | 26.08 | 27.46 | +10.1% | ||||||
| Shares, m | 131 | 131 | 131 | 128 | 128 | 128 | 128 | 128 | 128 | 127 | 127 | (0.3%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 39.88 | 19.49 | 26.36 | 31.40 | 24.24 | 23.12 | 21.45 | 24.42 | 20.90 | 20.20 | 19.52 | 25.1 | |||||
| P/S | 1.43 | 1.22 | 1.26 | 1.73 | 1.98 | 1.68 | 1.40 | 1.95 | 1.95 | 1.69 | 1.68 | 1.6 | ||||||
| P/B | 4.93 | 3.98 | 4.96 | 7.53 | 6.93 | 5.68 | 4.75 | 5.70 | 4.98 | 4.01 | 3.85 | 5.3 | ||||||
| EV/Sales | 1.78 | 1.58 | 1.67 | 2.15 | 2.33 | 2.05 | 1.74 | 2.21 | 2.27 | 1.97 | 1.95 | 2.0 | ||||||
| EV/FCF | 33.94 | 30.54 | 59.48 | 29.40 | 23.33 | (315.01) | 39.18 | 17.71 | 31.06 | 22.21 | 20.50 | (2.8) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 386 | 390 | 293 | 550 | 766 | 179 | 577 | 1,122 | 768 | 899 | 925 | +9.8% | |||||
| Capex | (126) | (115) | (137) | (148) | (157) | (222) | (254) | (207) | (230) | (200) | (169) | +5.3% | ||||||
| Free cash flow | 260 | 276 | 156 | 402 | 609 | (44) | 323 | 915 | 538 | 698 | 756 | +11.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 1,162 | 1,464 | 979 | 1,330 | 1,451 | 1,135 | 1,693 | 1,429 | 1,703 | 1,398 | 1,454 | +2.1% | |||||
| Net debt | 1,740 | 1,930 | 2,303 | 2,306 | 2,133 | 2,485 | 2,468 | 1,890 | 2,344 | 2,218 | 2,094 | +2.7% | ||||||
| Shareholders’ equity | 1,439 | 1,634 | 1,409 | 1,265 | 1,743 | 1,984 | 2,143 | 2,512 | 2,887 | 3,313 | 3,480 | +9.7% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 3.63 | 6.44 | 4.95 | 5.46 | 8.39 | 7.52 | 7.07 | 8.76 | 9.55 | 8.17 | 8.50 | +4.5 pt | |||||
| ROIC | 6.47 | 9.09 | 8.22 | 9.53 | 11.95 | 9.02 | 10.24 | 12.79 | 10.62 | 10.92 | 11.22 | +4.5 pt | ||||||
| ROE | 12.73 | 21.74 | 17.42 | 22.63 | 33.16 | 26.16 | 23.09 | 25.17 | 25.41 | 21.25 | 21.04 | +8.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 14,318 | 14,540 | 14,957 | 14,621 | 15,490 | 16,751 | 17,274 | 17,207 | 17,778 | 17,546 | — | +2.3% | |||||
| Revenue/emp, $m | 0.35 | 0.37 | 0.37 | 0.38 | 0.39 | 0.40 | 0.42 | 0.43 | 0.41 | 0.45 | — | +2.9% | ||||||
Negative figures in brackets.
estimates
Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 2 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2026
| CPG Segment | 3,070 | 39.04% |
|---|---|---|
| Consumer Segment | 2,662 | 33.85% |
| PCG Segment | 2,132 | 27.11% |
| Gross margin | 41.44% | |
| Operating margin | 12.29% | |
| Pre-tax margin | 11.07% |
RPM International Inc. vs peers in Specialty Chemicals (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| IFF International Flavors & Fragrances Inc. | $21.6B | 121× | 60.3× | +3.91% (above 0%: growing) | n/m | −123.33% (below 0%: shrinking) | 42.48% | 8.24% | Compare |
| LYB LyondellBasell Industries N.V. | $19.9B | 15.6× | 9.2× | +9.99% (above 0%: growing) | n/m | +144.89% (above 0%: growing) | 17.60% | 12.55% | Compare |
| DD DuPont de Nemours, Inc. | $19.2B | 64.2× | 26.3× | +4.07% (above 0%: growing) | n/m | +36.69% (above 0%: growing) | 35.71% | 16.81% | Compare |
| RPM RPM International Inc. | $13.5B | 19.5× | 17.3× | +4.82% (above 0%: growing) | +13.48% (above 0%: growing) | +33.14% (above 0%: growing) | 41.25% | 15.99% | |
| ALB Albemarle Corporation | $11.6B | 22.6× | 9.9× | +18.75% (above 0%: growing) | n/m | +708.43% (above 0%: growing) | 19.36% | 9.54% | Compare |
| SSL Sasol Ltd. | $9.6B | 3.3× | 5.5× | −5.20% (below 0%: shrinking) | +20.86% (above 0%: growing) | +6,912.65% (above 0%: growing) | 31.35% | 0.00% | Compare |
| SOLS Solstice Advanced Materials Inc. | $8.8B | 26.5× | 20.5× | +7.95% (above 0%: growing) | −11.11% (below 0%: shrinking) | +276.34% (above 0%: growing) | 32.98% | 15.68% | Compare |
| WLK Westlake Corporation | $8.5B | — (loss-making) | 36.7× | +5.04% (above 0%: growing) | n/m | +485.96% (above 0%: growing) | 12.81% | 1.44% | Compare |
| SQM Sociedad Quimica y Minera S.A. | $8.1B | 10.6× | 7.4× | +138.12% (above 0%: growing) | +381.25% (above 0%: growing) | −63.75% (below 0%: shrinking) | 51.05% | 48.62% | Compare |
| Median of peers | $10.6B | 22.6× | 15.2× | +6.50% | +20.86% | +210.62% | 32.17% | 11.04% |
From the latest earnings call
- On RPM’s Q4 FY2026 call, CEO Frank Sullivan said indirect tariff effects had raised steel and packaging costs in Consumer, while demand showed some pickup.
- CFO Russell Gordon said RPM expected inflation to moderate in the second half of FY2027, with additional price increases helping offset costs.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
84.18%
Held by the ten largest
47.10%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 13.90m | 10.88% | −2.02k |
| BlackRock | 13.11m | 10.26% | +269.98k |
| Aristotle Capital Management, LLC | 6.91m | 5.41% | −452.51k |
| State Street | 6.75m | 5.29% | +197.04k |
| Morgan Stanley | 4.20m | 3.29% | −329.42k |
| Allspring Global Investments Holdings, LLC | 4.15m | 3.25% | +299.78k |
| Victory Capital | 3.82m | 2.99% | −65.79k |
| Geode Capital Management | 2.66m | 2.08% | +47.42k |
| T. Rowe Price | 2.55m | 1.99% | −955.15k |
| JPMorgan Chase | 2.13m | 1.66% | −70.22k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 25 August 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 11.13m | 7.26m | 124.00 |
| 2025 | 11.16m | 9.93m | 131.00 |
| 2024 | 11.74m | 17.70m | 127.00 |
| 2023 | 6.41m | 2.46m | 89.00 |
| 2022 | 9.05m | 7.30m | 96.00 |
Ownership
Directors and executive officers, together
1.50%
BlackRock, Inc.
10.30%
Aristotle Capital Management, LLC
6.30%
Vanguard Portfolio Management
5.60%
Vanguard Capital Management
5.30%
State Street Corporation
5.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
RPM International Inc. (RPM) Latest News
27 Oct
8 Oct
7 Oct
6 Oct
5 Oct
1 Oct
RPM metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
RPM International is a specialty chemicals company whose subsidiaries make and sell products used to build, protect, repair and maintain structures and surfaces. Its range includes paints, protective coatings, roofing systems, sealants, adhesives and concrete repair products. The company also provides services such as roofing repairs, building maintenance and flooring installation.
Its construction customers include contractors, manufacturers and institutions that use products to seal buildings, repair concrete and protect roofs. Industrial customers buy products such as corrosion-control coatings, fireproofing and flooring systems. Consumers and professionals use RPM’s paints, caulks, cleaners and other products for home improvement and repair.