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. In the quarter to August 2026, revenue grew 4.82%, EPS grew 13.8%, free cash flow grew 33.1% and total debt fell 9.85%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for five.
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RPM International Inc. (RPM) Altman Z-score
RPM International Inc.'s Altman Z-score for fiscal 2026 is 3.73, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 3.73 | (0.21) |
| FY2025 | 3.95 | (0.58) |
| FY2024 | 4.52 | 0.97 |
| FY2023 | 3.55 | 0.15 |
| FY2022 | 3.40 | (0.26) |
| FY2021 | 3.66 | 0.37 |
| FY2020 | 3.28 | 0.34 |
| FY2019 | 2.94 | (0.15) |
| FY2018 | 3.09 | 0.15 |
| FY2017 | 2.95 | (0.23) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.17 | — | 0.20 | |
| Retained earnings / total assets | 0.43 | — | 0.60 | |
| EBIT / total assets | 0.12 | — | 0.38 | |
| Market value of equity / total liabilities | 2.68 | — | 1.61 | |
| Sales / total assets | 0.94 | — | 0.94 | |
| Altman Z-score | Safe zone | 3.73 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.97 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| NEU NewMarket Corporation compare | 4.4× |
| RPM RPM International Inc. | 3.7× |
| SQM Sociedad Quimica y Minera S.A. compare | 3.1× |
| ALB Albemarle Corporation compare | 2.3× |
| SOLS Solstice Advanced Materials Inc. compare | 2.3× |
| ESI Element Solutions Inc. compare | 2.2× |
| SSL Sasol Ltd. compare | 1.9× |
| WLK Westlake Corporation compare | 1.6× |
| DD DuPont de Nemours, Inc. compare | 0.4× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets