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Makes specialty coatings, sealants and building materials sold under brands like Rust-Oleum and DAP.
Makes specialty coatings, sealants and building materials sold under brands like Rust-Oleum and DAP.
Sells mostly through home-improvement chains and distributors, with much of the demand coming from repair and maintenance rather than new building. It grew by buying many small brands and still runs them as largely separate businesses. Professional lines include Tremco roofing and sealants and Carboline protective coatings for industrial plants.
Moat: narrow (brand, distribution). Portfolio of well-known consumer/pro coatings brands with strong retail and distributor relationships.
Headquarters: Medina, Ohio, US · Founded: 1947 · Employees: 17,546
Size RPM International (RPM) is a United States Materials company (Industrial Specialties) with a market value of $13.2B, the 659th largest of 3,117 United States companies the cockpit tracks. Shares closed at $103.31 on 6 Nov 2026.
Performance Over six months the shares gained 2.5%, against +0.7% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 6.0% over the last twelve months (peer median +14.3%); the operating margin is 12.8% (peer median 13.6%).
Valuation It trades at 16.9× forward earnings against a peer median of 17.4× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.5 points above its cost of capital (9.1% WACC).
Credit RPM International has 3 bonds outstanding ($1.05B), rated BBB by the agencies and trading like BBB at a weighted spread of 78 bp.
Short interest Short interest is 3.6% of the free float (15 Oct 2026).
Next results Next results expected around 6 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $7.97B | $7.86B | $7.37B | $7.34B | $7.26B |
| Revenue growth | — | +7% | +1% | +1% | — |
| Gross profit | $3.28B | $3.26B | $3.05B | $3.01B | $2.75B |
| EBITDA | $1.24B | $1.20B | $1.10B | $1.05B | $937M |
| Net income | $687M | $659M | $686M | $586M | $477M |
| Free cash flow | $706M | $675M | $538M | $908M | $323M |
| Capital expenditure | $220M | $224M | $230M | $214M | $254M |
| Total debt | $2.74B | $2.95B | $3.03B | $2.47B | $3.03B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| RPM International RPM | $13.2B | +2% | +6% | 13% | 16.9× | 7.5% |
| Sherwin-Williams SHW | $83.1B | +9% | +7% | 16% | 26.8× | 14.9% |
| PPG Industries PPG | $27.0B | +12% | +6% | 13% | 14.6× | 7.1% |
| Henkel AG & Co. KGaA HEN.DE | $35.4B | +25% | -3% | 15% | 13.6× | -1.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RPM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.9% | +1.0% | 9th highest of 21 |
| 6-month return | +2.5% | +0.7% | 10th highest of 21 |
| Distance from 52-week high | -15.2% | -16.9% | 10th highest of 21 |
| Revenue growth (TTM) | +6.0% | +14.3% | 6th lowest of 21 |
| Operating margin | 12.8% | 13.6% | 9th lowest of 21 |
| Forward P/E | 16.9× | 17.4× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 7.5% | 12.1% | 7th least demanding of 17 |
| Growth delivered (Del g) | +5.2% | +11.2% | 4th lowest of 17 |
| Hurdle (Req g minus delivered) | +2.3 pp | +3.1 pp | 9th least demanding of 17 |
| ROIC minus cost of capital | +4.5 pp | +2.4 pp | 6th highest of 21 |
| EV / EBITDA | 12.6× | 12.8× | 8th cheapest of 15 |
| Net debt / EBITDA | 2.0× | 0.8× | 6th most indebted of 15 |
| Bond spread | 78 bp | 81 bp | tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| RPM International RPM | United States | $13.2B | +2% | +6% | 13% | 16.9× | 7.5% | +5.2% |
| Akzo Nobel AKZA.AS | Netherlands | $12.1B | +26% | -5% | 6% | 16.1× | 10.7% | +3.6% |
| China Jushi 600176.SS | China | $16.6B | -20% | +27% | 34% | 13.5× | 14.6% | +10.1% |
| Pidilite Industries PIDILITIND.NS | India | $17.0B | +9% | +17% | 21% | 56.8× | 40.3% | +14.9% |
| Solar Industries India SOLARINDS.NS | India | $17.8B | +17% | +53% | 25% | 64.6× | n/a | n/a |
| Nippon Paint 4612.T | Japan | $20.4B | +40% | +16% | 15% | 16.6× | 1.9% | +18.1% |
| Axalta Coating Systems AXTA | United States | $7.80B | +25% | 0% | 14% | 14.0× | 8.3% | +6.5% |
| Srf SRF.NS | India | $7.67B | -11% | +20% | 19% | 30.3× | 25.2% | +13.5% |
| Orica ORI.AX | Australia | $7.23B | +1% | +2% | 11% | 18.2× | 6.9% | +9.6% |
| Asian Paints ASIANPAINT.NS | India | $25.9B | +1% | +12% | 16% | 47.5× | 37.3% | +10.6% |
| Sekisui Chemical 4204.T | Japan | $6.61B | +9% | +6% | 9% | 13.4× | n/a | n/a |
| PPG Industries PPG | United States | $27.0B | +12% | +6% | 13% | 14.6× | 7.1% | +2.8% |
| Berger Paints India BERGEPAINT.NS | India | $5.90B | -2% | +5% | 12% | 41.5× | 38.5% | +11.8% |
| Fuchs FPE.DE | Germany | $5.87B | +21% | +12% | 13% | 13.8× | -4.4% | +8.4% |
| Wanhua Chemical 600309.SS | China | $34.1B | -19% | +37% | 11% | 11.3× | -2.6% | +22.7% |
| Taiwan Glass Industry 1802.TW | Taiwan | $5.08B | -21% | +12% | 12% | 16.7× | n/a | n/a |
| SICC 688234.SS | China | $4.98B | -24% | +20% | -5% | 202.4× | n/a | n/a |
| Henkel AG & Co. KGaA HEN.DE | Germany | $35.4B | +25% | -3% | 15% | 13.6× | -1.9% | +1.3% |
| Sichuan EM Technology 601208.SS | China | $4.88B | -15% | +23% | 7% | 51.1× | 44.5% | +22.5% |
| Sunresin New Materials 300487.SZ | China | $4.77B | -2% | +17% | 36% | 31.2× | 19.0% | +24.7% |
| CSW Industrials CSW | United States | $4.43B | 0% | +30% | 18% | 20.8× | 13.5% | +20.9% |
RPM International has 3 bonds outstanding with $1.05B face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 5.33%, a spread of 78 bp over government bonds.