RPM International Inc.RPM
NYSE•Basic Materials•Specialty Chemicals
RPM International Inc. provides specialty chemicals for the construction, industrial, specialty, and consumer markets. It operates in four segments: CPG, PCG, Consumer, and SPG. The company offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; and rolled asphalt roofing materials and chemical admixtures. It also provides concrete and masonry admixtures, concrete fibers, cement performance enhancers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, restoration materials, concrete panel wall systems, flooring systems, fluorescent colorants and pigments, shellac-based-specialty and marine coatings, and fuel additives. It offers fiberglass reinforced plastic gratings and shapes; corrosion-control coating, containment and railcar lining, fire and sound proofing, heat and cryogenic insulation, and specialty construction products; amine curing agents, reactive diluents, and epoxy resins; fire and water damage restoration, carpet cleaning, and disinfecting products; wood treatments, coatings, and touch-up products; nail enamels, polishes, and coating components; paint contractors and DIYers, concrete restoration and flooring, metallic and faux finish coatings, cleaners, and hobby paints and cements; and caulks, adhesives, insulating foams, and patches, spackling, glazing, and repair products. The company was incorporated in 1947 and is headquartered in Medina, Ohio.
RPM International Inc. (RPM) reported trailing twelve months revenue of $7.71B as of February 2026, a 17.2% decline year-over-year. Quarterly revenue reached $1.61B, reflecting a contraction in sales.
RPM International Inc. generated $665.93M in TTM net income, with quarterly EBITDA of $118.61M. The operating margin expanded from 2.7% to 4.1%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (4.1%) and net margin (3.2%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 3.5% a year ago, reflecting increased costs or interest expense.
RPM trades at a P/E of 21.8x (in line with broad market averages) and a P/S of 1.9x. The price-to-book ratio of 4.6x reflects a moderate premium to book value.
The company generated $25.62M in free cash flow over the trailing twelve months, a 23.1% decrease year-over-year, indicating cash generation ability. The balance sheet shows $7.88B in total assets with $2.55B in long-term debt against $3.15B in stockholders equity for a debt-to-equity ratio of 0.8. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~10.3% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 26.5% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~10.2% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.8 — conservative capital structure with low financial risk.
TTM revenue has contracted 19.1% — significant decline indicating deteriorating demand.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.