RPM INTERNATIONAL INC/DE/ RPM
RPM International Inc., a Delaware corporation, succeeded to the reporting obligations of RPM, Inc., an Ohio corporation, following a 2002 reincorporation transaction. RPM, Inc. was originally incorporated in 1947 under the name Republic Powdered Metals, Inc. and changed its name to RPM, Inc. in 1971.
Our subsidiaries manufacture, market and sell various specialty chemical product lines, including high-quality specialty paints, infrastructure rehab and repair products, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance and improvement needs of the construction, industrial, specialty and consumer markets. Our family of products includes those marketed under brand names such as API, Carboline, CAVE, DAP, Day-Glo, Dri-Eaz, Dryvit, Euclid, EUCO, Fibergrate, Fibregrid, Fibrecrete, Flecto, Flowcrete, Gator, Grupo PV, Hummervoll, illbruck, Kalzip, Kemtile, Key Resin, Nudura, Mohawk, The Pink Stuff, Prime Resins, Ready Seal, Rust-Oleum, Specialty Polymer Coatings, Stonhard, Strathmore, TCI, Toxement, Tremco, Tuf-Strand, Universal Sealants, Viapol, Watco and Zinsser. As of May 31, 2026, our subsidiaries marketed products in approximately 167 countries and territories and operated manufacturing facilities in approximately 120 locations in Argentina, Australia, Belgium, Brazil, Canada, Chile, Colombia, France, Germany, India, Italy, Malaysia, Mexico, The Netherlands, New Zealand, Poland, South Africa, South Korea, Spain, the United Arab Emirates, the United Kingdom, and the United States. Approximately 31% of our sales are generated in international markets through a combination of exports to and direct sales in foreign countries. For the fiscal year ended May 31, 2026, we recorded net sales of $7.9 billion.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.86B | $7.37B | $7.34B | $7.26B | $6.71B | $6.11B | $5.51B | $5.56B | $5.32B | $4.96B |
| Cost of revenue | $4.61B | $4.32B | $4.32B | $4.51B | $4.27B | $3.70B | $3.41B | $3.48B | $3.31B | $2.79B |
| Gross profit | $3.26B | $3.05B | $3.01B | $2.75B | $2.43B | $2.41B | $2.09B | $2.09B | $2.02B | $2.17B |
| R&D | $97.9M | $94.7M | $92.2M | $86.6M | $80.5M | $77.6M | $76.5M | $71.6M | $69.7M | $64.9M |
| SG&A | $2.29B | $2.15B | $2.11B | $1.96B | $1.79B | $1.66B | $1.55B | $1.60B | $1.50B | $1.64B |
| Interest expense | $111.5M | $96.5M | $118.0M | $119.0M | $87.9M | $85.4M | $101.0M | $102.4M | $104.5M | $97.0M |
| Pre-tax income | $870.3M | $792.8M | $787.8M | $649.4M | $606.8M | $668.4M | $407.8M | $339.8M | $417.0M | $244.3M |
| Income tax | $207.9M | $102.4M | $198.4M | $169.7M | $114.3M | $164.9M | $102.7M | $72.2M | $77.8M | $59.7M |
| Net income | $662.0M | $690.0M | $589.0M | $480.0M | $492.0M | $502.6M | $304.4M | $266.6M | $337.8M | $181.8M |
| EPS, basic | 5.19 | 5.38 | 4.58 | 3.74 | 3.81 | 3.89 | 2.35 | 2.03 | 2.55 | 1.37 |
| EPS, diluted | 5.17 | 5.35 | 4.56 | 3.72 | 3.79 | 3.87 | 2.34 | 2.01 | 2.50 | 1.36 |
| Shares, diluted (wtd. avg.) | $127.6M | $128.2M | $128.3M | $128.8M | $129.6M | $128.9M | $130.0M | $134.3M | $137.2M | $135.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $315.2M | $302.1M | $237.4M | $215.8M | $201.7M | $246.7M | $233.4M | $223.2M | $244.4M | $350.5M |
| Short-term investments | $3.2M | $4.1M | $6.5M | $5.1M | $6.0M | $3.9M | $7.6M | $8.6M | $97.4M | — |
| Receivables | $1.66B | $1.51B | $1.42B | $1.50B | $1.43B | $1.28B | $1.14B | $1.23B | $1.11B | $995.3M |
| Inventory | $1.06B | $1.04B | $956.5M | $1.14B | $1.21B | $938.1M | $810.4M | $841.9M | $834.5M | $788.2M |
| Total current assets | $3.46B | $3.17B | $2.90B | $3.18B | $3.15B | $2.78B | $2.42B | $2.52B | $2.47B | $2.40B |
| Property, plant and equipment | $1.56B | $1.47B | $1.33B | $1.24B | $1.10B | $965.2M | $849.7M | $819.2M | $780.3M | $742.7M |
| Goodwill | $1.69B | $1.62B | $1.31B | $1.29B | $1.34B | $1.35B | $1.25B | $1.25B | $1.19B | $1.14B |
| Other intangibles | $824.6M | $780.8M | $513.0M | $555.0M | $592.3M | $628.7M | $584.4M | $601.1M | $584.3M | $573.1M |
| Total assets | $8.34B | $7.78B | $6.59B | $6.78B | $6.71B | $6.25B | $5.63B | $5.44B | $5.27B | $5.09B |
| Accounts payable | $853.5M | $755.9M | $649.6M | $680.9M | $800.4M | $717.2M | $535.3M | $556.7M | $592.3M | $534.7M |
| Short-term debt | $407.8M | $7.7M | $136.2M | $178.6M | $603.5M | $1.3M | $80.9M | $552.4M | $3.5M | $253.6M |
| Total current liabilities | $2.06B | $1.47B | $1.47B | $1.49B | $2.02B | $1.33B | $1.09B | $1.54B | $1.01B | $1.24B |
| Retained earnings | $3.58B | $3.19B | $2.76B | $2.40B | $2.14B | $1.85B | $1.54B | $1.43B | $1.34B | $1.17B |
| Total equity | $3.31B | $2.89B | $2.51B | $2.14B | $1.98B | $1.74B | $1.26B | $1.41B | $1.63B | $1.44B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $898.7M | $768.2M | $1.12B | $577.1M | $178.7M | $766.2M | $549.9M | $292.9M | $390.4M | $386.1M |
| Depreciation and amortisation | $213.5M | $193.8M | $171.3M | $154.9M | $153.1M | $146.9M | $156.8M | $141.7M | $128.5M | $71.9M |
| Capital expenditure | $223.5M | $229.9M | $214.0M | $254.4M | $222.4M | $157.2M | $147.8M | $136.8M | $114.6M | $126.1M |
| Investing cash flow | -$417.2M | -$825.5M | -$206.4M | -$249.7M | -$259.5M | -$326.4M | -$209.6M | -$248.2M | -$261.2M | -$339.7M |
| Financing cash flow | -$482.2M | $121.9M | -$890.0M | -$301.2M | $57.4M | -$459.6M | -$316.9M | -$53.8M | -$239.4M | $36.0M |
| Dividends paid | $271.7M | $255.6M | $231.9M | $213.9M | $204.4M | $194.7M | $185.1M | $181.4M | $167.5M | $156.8M |
| Buybacks | $77.5M | $70.0M | $55.0M | $50.0M | $52.5M | $50.0M | $125.0M | $200.2M | $17.2M | $21.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-365259.
Others in SIC 2851
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| PPG | PPG INDUSTRIES INC | $25.08B | 16.2x | 0.2% |
| AXTA | Axalta Coating Systems Ltd. | $7.66B | 20.6x | -3.0% |