RPM International Inc.
- Open
- 106.09
- Day high
- 106.09
- Day low
- 101.52
- Prev close
- 105.08
- Volume
- 840K
- Mkt cap
- $13.0B
- P/E (TTM)
- 19.5
- EPS (TTM)
- $5.22
- P/B
- 4.1
- P/S
- 1.7
- Yield
- 2.13%
- Per share
- $2.16
RPM International Inc. (RPM) is a Basic Materials company listed on NYSE. The stock is down 8% over the past year.
RPM International Inc. (RPM) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RPM earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 8, 2026 | $0.37 | $0.57 | +54.1% | $1.6B | +3.8% |
| Jan 8, 2026 | $1.41 | $1.20 | -14.9% | $1.9B | -0.9% |
| Oct 1, 2025 | $1.88 | $1.88 | +0.0% | $2.1B | +2.8% |
| Jul 24, 2025 | $1.59 | $1.72 | +8.2% | $2.1B | +3.4% |
| Apr 8, 2025 | $0.50 | $0.35 | -30.3% | $1.5B | -2.2% |
| Jan 7, 2025 | $1.34 | $1.39 | +3.7% | $1.8B | +3.1% |
| Oct 2, 2024 | $1.75 | $1.84 | +5.1% | $2.0B | -2.0% |
| Jul 25, 2024 | $1.55 | $1.56 | +0.6% | $2.0B | -0.2% |
| Apr 4, 2024 | $0.46 | $0.52 | +13.0% | $1.5B | +0.3% |
| Jan 4, 2024 | $1.22 | $1.22 | +0.0% | $1.8B | -2.4% |
| Oct 4, 2023 | $1.55 | $1.64 | +5.8% | $2.0B | +2.1% |
| Jul 26, 2023 | $1.30 | $1.36 | +4.6% | $2.0B | +2.1% |
RPM insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 17, 2026 | Ratajczak Matthew Tofficer: VP-Global Tax and Treasurer | Grant | 221 | — |
| Jul 17, 2026 | Gordon Russell Lofficer: VP and CFO | Grant | 26,400 | $103.04 |
| Jul 17, 2026 | Kastner Janeen B.officer: VP Corp. Benefits/Risk Mgmt. | Grant | 21,500 | $103.04 |
| Jul 17, 2026 | SULLIVAN FRANK Cdirector, officer: Chairman and CEO | Grant | 7,160 | — |
| Jul 17, 2026 | Gordon Russell Lofficer: VP and CFO | Grant | 959 | — |
| Jul 17, 2026 | Laroche Michael J.officer: VP, Controller & CAO | Grant | 4,700 | $103.04 |
| Jul 17, 2026 | Gordon Russell Lofficer: VP and CFO | Grant | 1,470 | — |
| Jul 17, 2026 | Crandall Tracy D.officer: VP, General Counsel and CCO | Grant | 1,344 | — |
| Jul 17, 2026 | Kastner Janeen B.officer: VP Corp. Benefits/Risk Mgmt. | Grant | 1,200 | — |
| Jul 17, 2026 | Laroche Michael J.officer: VP, Controller & CAO | Grant | 1,005 | — |
| Jul 17, 2026 | Ratajczak Matthew Tofficer: VP-Global Tax and Treasurer | Grant | 1,500 | — |
| Jul 17, 2026 | Kastner Janeen B.officer: VP Corp. Benefits/Risk Mgmt. | Grant | 1,107 | — |
| Jul 17, 2026 | SULLIVAN FRANK Cdirector, officer: Chairman and CEO | Grant | 129,500 | $103.04 |
| Jul 17, 2026 | Dennsteadt David C.officer: President & COO | Grant | 1,717 | — |
| Jul 17, 2026 | Laroche Michael J.officer: VP, Controller & CAO | Grant | 1,200 | — |
Source: RPM SEC Form 4 filings, latest Jul 17, 2026. For informational purposes only — not investment advice.
See the full RPM insider & 13F page →RPM International Inc. company profile
Overview
RPM International Inc. (NYSE:RPM) is a multinational specialty chemicals company founded in 1947 and headquartered in Medina, Ohio. The company has grown from a small regional manufacturer into a global leader in specialty coatings, sealants, and building materials through both organic growth and strategic acquisitions. RPM operates across four main business segments serving industrial, construction, specialty, and consumer markets worldwide. The company has maintained a strong track record of consistent growth and profitability, with operations spanning over 170 countries and territories.
Business
RPM International operates in the specialty chemicals industry, specifically focusing on protective coatings, sealants, and building materials. The company manufactures and markets products that protect, seal, waterproof, and maintain various surfaces and structures across multiple end markets. The company operates through four distinct business segments: 1. **Construction Products Group (CPG)** - This segment produces waterproofing systems, roofing materials, sealants, and air barriers primarily for commercial construction. Key products include Tremco waterproofing systems, WTI roofing services, and Nudura insulated concrete form systems. This segment typically represents approximately 35-40% of total revenue and serves commercial contractors, architects, and building owners. 2. **Performance Coatings Group (PCG)** - This division manufactures high-performance coatings for industrial applications including corrosion protection, fire protection, and flooring systems. Products include Carboline industrial coatings, Stonhard resin flooring, and Tremco illbruck building envelope solutions. This segment accounts for roughly 20-25% of revenue and serves industrial maintenance, infrastructure, and manufacturing markets. 3. **Consumer Group** - This segment produces do-it-yourself (DIY) products sold through retail channels including Rust-Oleum paints and coatings, DAP caulks and sealants, and Zinsser primers. The consumer division represents approximately 30-35% of revenue and serves both professional contractors and DIY consumers through home improvement retailers. 4. **Specialty Products Group (SPG)** - This smaller segment focuses on niche applications including fluorescent colorants, food coatings, fuel additives, and disaster restoration products. It typically accounts for 10-15% of total revenue and serves specialized industrial and OEM customers. The company's products are essential for protecting and maintaining buildings, infrastructure, and industrial equipment. For example, waterproofing systems prevent water damage to building foundations, while industrial coatings protect steel structures from corrosion in harsh environments. These products are critical for extending asset life and reducing maintenance costs across various industries.
Revenue model
RPM International generates revenue primarily through direct product sales across its four business segments. The company operates on a traditional manufacturing business model where it purchases raw materials (primarily petrochemical-based resins, solvents, and additives), processes them into finished specialty chemical products, and sells them through various distribution channels. The company's revenue streams include: 1. **Direct Sales to Commercial Customers** - CPG and PCG segments sell primarily to contractors, distributors, and end-users in commercial construction and industrial markets. These sales often involve higher-margin specialty products with technical service support. 2. **Retail Channel Sales** - The Consumer Group sells through major home improvement retailers like Home Depot and Lowe's, as well as paint stores and hardware retailers. This channel typically operates on lower margins but higher volumes. 3. **International Sales** - The company has significant international operations, particularly in Europe, Asia-Pacific, and emerging markets, which provide geographic diversification and growth opportunities. 4. **Service Revenue** - Some segments, particularly CPG, provide installation and maintenance services alongside product sales, creating recurring revenue streams. Several factors significantly impact RPM's profitability margins: **Margin-Enhancing Factors:** Raw material cost deflation benefits margins significantly, as seen when petrochemical prices decline. The company's ongoing MAP 2025 operational efficiency program targets $500 million in cost savings through facility consolidations, ERP system integration, and process improvements. Premium product positioning in specialty markets allows for higher pricing power. Geographic expansion into emerging markets often provides better margins due to less competition. **Margin-Pressuring Factors:** Raw material inflation, particularly in petrochemical-based inputs, directly pressures gross margins and can be difficult to immediately offset through pricing. Economic downturns reduce demand in construction and industrial end markets. Competitive pricing pressure in commodity-like product categories limits pricing flexibility. Supply chain disruptions increase costs and reduce operational efficiency. Currency fluctuations impact international operations and can affect both revenue and cost structures. The company's ability to pass through raw material cost increases through pricing actions is crucial for maintaining margins, though there's typically a lag between cost increases and price realization. RPM's focus on specialty, high-performance products provides some insulation from commodity pricing pressures compared to basic paint and coatings manufacturers.
Competitive moat
RPM International possesses a moderate economic moat built on several defensive characteristics, though it faces meaningful competitive pressures that limit the strength of its competitive advantages. The company's primary moat stems from its specialized product portfolio and technical expertise in niche applications. Many of RPM's products serve critical functions - such as waterproofing building foundations or protecting industrial equipment from corrosion - where performance and reliability are more important than price. This creates some pricing power and customer loyalty, particularly in the Construction Products and Performance Coatings segments where product failure can result in significant downstream costs. Brand recognition provides another layer of protection, especially in the Consumer segment where brands like Rust-Oleum and DAP have strong market positions built over decades. Professional contractors often specify these trusted brands, creating repeat purchase patterns and distribution channel loyalty. The company's extensive distribution network and customer relationships, built over 75+ years of operation, create switching costs for customers and barriers for new entrants. RPM's technical service capabilities and application expertise also differentiate it from pure commodity chemical producers. However, RPM's moat has meaningful limitations. The specialty chemicals industry is fragmented with numerous regional and specialized competitors. Many of RPM's products, while specialized, are not proprietary technologies with patent protection. The company faces competition from both large multinational chemical companies and smaller niche players. Raw material cost volatility and cyclical end markets create ongoing margin pressures that even strong market positions cannot fully offset. The most significant competitive threat comes from potential disruption in distribution channels, particularly in the Consumer segment where online sales and private label products are gaining share. Additionally, consolidation among customers (retailers, distributors, contractors) can reduce RPM's bargaining power over time. Overall, RPM's moat is best characterized as narrow but durable - sufficient to support above-average returns in favorable market conditions, but not strong enough to prevent margin compression during challenging periods or protect against well-funded competitors in specific product categories.
Risks & safety
RPM International demonstrates a moderate margin of safety with manageable financial risk but elevated valuation concerns. **Financial Strength:** - Current ratio of 2.22 indicates strong liquidity position with sufficient current assets to cover short-term obligations - Cash position of $242 million provides operational flexibility - Debt-to-equity ratio of 0.90 represents moderate leverage, manageable but not conservative - Strong operational cash flow generation of $1.12 billion annually demonstrates consistent cash conversion - Free cash flow of $908 million in FY2024 shows healthy cash generation after capital expenditures **Valuation Concerns:** - Current P/E ratio of 76 (Q3 2025) appears extremely elevated, suggesting significant valuation risk - EV/EBITDA of 40.3 indicates expensive valuation relative to earnings power - Price-to-book ratio of 5.9 suggests shares trade at substantial premium to book value - Graham number of $13.87 implies significant overvaluation relative to conservative intrinsic value metrics **Other Considerations:** - Cyclical nature of construction and industrial end markets creates earnings volatility risk - Raw material cost inflation exposure can pressure margins unpredictably - Geographic diversification provides some risk mitigation across different economic cycles - Ongoing MAP 2025 efficiency program should support margin improvement and cash generation
Recent development
Over the past several years, RPM International has undergone significant strategic transformation focused on operational efficiency and market positioning. The centerpiece of this evolution has been the MAP 2025 program, a comprehensive operational improvement initiative that has already achieved $160 million in run-rate benefits and is targeting $500 million in total savings. This program has involved consolidating 12 manufacturing facilities, reducing accounting locations from 100 to 40-50, and streamlining ERP systems from 75 to the mid-teens. The company has strategically pivoted from pure cost-cutting to growth-oriented initiatives. Recent product innovations include the launch of Mean Green refillable cleaner and Rust-Oleum low odor water-based aerosol paint, demonstrating focus on consumer preferences for environmental sustainability and convenience. The acquisition of the Pink Stuff cleaning products brand represents a significant strategic move to expand distribution channels into grocery and drugstore markets while leveraging social media marketing capabilities. RPM has also expanded its global footprint with new manufacturing investments in India and Malaysia, positioning for growth in emerging markets. The company has strengthened its data-driven sales approach, implementing enhanced sales management systems to improve product mix and incentive structures. In specialty markets, RPM has focused on high-growth sectors like data centers, where demand for specialized coatings and materials continues to expand. The company has maintained disciplined capital allocation, reducing debt by $557 million while continuing to invest in growth initiatives. Management has signaled increased M&A activity expectations as acquisition multiples become more attractive, focusing on small to medium-sized bolt-on acquisitions that can leverage RPM's existing distribution channels and operational capabilities.
RPM company profile · for informational purposes only — not investment advice.
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