At a glance
RPM International Inc is worth $12.66B, about 19 times its fiscal 2026 earnings. Revenue grew 6.7% to $7.86B in fiscal 2026, with 8.4% kept as profit; over 5 years it has grown 5.2% a year. It pays a 2.21% dividend yield, raised every year for at least 9 years, and returned $1.48B to shareholders in dividends and buybacks over FY2022–FY2026. The stock returned −9.2% over the past year with dividends reinvested and +4.3% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 37.0% in the 2020 crash (S&P 500: 33.7%) and 22.9% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 2 months after the low.
The business in plain English
RPM International, based in Medina, Ohio, owns a family of specialty chemical businesses. They make paints, protective coatings, roofing systems, sealants, adhesives and concrete repair products, with a focus on maintaining and improving buildings, infrastructure, factories and homes. Brands include Rust-Oleum, DAP, Zinsser, The Pink Stuff, Tremco, Carboline, Stonhard and Dryvit. Some units also install flooring, handle roofing projects and run building maintenance programs. Net sales were $7.9 billion for the fiscal year ended May 31, 2026.
The Construction Products Group is the largest segment, at about 39% of sales ($3.1 billion). It supplies sealants, waterproofing, roofing, concrete admixtures (additives that change how concrete behaves), wall panels and fire-stopping products to contractors, manufacturers, distributors and end users. The Consumer segment, about 34% ($2.7 billion), makes rust-preventive and decorative paints, caulks, primers, cleaners and woodcare products. The Performance Coatings Group, about 27% ($2.1 billion), makes industrial flooring, corrosion-control and fireproofing coatings, fiberglass grating, and edible coatings and glazes for food and drug makers.
About 31% of sales come from international markets. RPM markets products in about 167 countries and territories and manufactures at about 120 locations. The Construction Products Group accounts for most international sales. The company regrouped from four segments to three on June 1, 2025, so older segment figures are not directly comparable.
Price history
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RPM -9.2% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By business segment
| Construction Products Group Segment | $3.07B | 39% |
| Consumer Segment | $2.66B | 33.8% |
| Performance Coatings Group Segment | $2.13B | 27.1% |
Latest results
- In Q1 FY2027 (ended Aug 31, 2026), revenue was $2.22B, up 4.8% from a year earlier, and net income was $256.4M (+12.6%).
- For fiscal 2026, revenue was $7.86B (+6.7% year over year; +5.2% a year from FY2021 to FY2026) with a 8.4% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | +5.2% good |
|---|---|
| Free cash flow margin | 8.6% watch |
| Return on equity (FY2026) | 20% good |
| Return on assets (FY2026) | 7.9% watch |
| Net cash (cash minus debt) | $-2.09B weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $6.11B | $502.6M | $609.0M |
| FY2022 | $6.71B | $491.5M | $-43.7M |
| FY2023 | $7.26B | $478.7M | $322.7M |
| FY2024 | $7.34B | $588.4M | $908.3M |
| FY2025 | $7.37B | $688.7M | $538.3M |
| FY2026 | $7.86B | $661.4M | $675.2M |
Valuation snapshot
| Market value | $12.66B |
|---|---|
| P/E ratio | 19.2 |
| Dividend yield | 2.21% |
Rank among 1514 US companies
Market value at each year end
RPM International’s market value went from $7.18B at the end of 2016 to $12.66B on Oct 28, 2026, up 76%; since the end of 2025 it is down 5%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $12.66B | -5.0% |
| 2025 | $13.32B | -15.8% |
| 2024 | $15.82B | +10.0% |
| 2023 | $14.39B | +14.4% |
| 2022 | $12.58B | -4.0% |
| 2021 | $13.10B | +11.0% |
| 2020 | $11.80B | +18.5% |
| 2019 | $9.95B | +27.6% |
| 2018 | $7.80B | +11.4% |
| 2017 | $7.00B | -2.5% |
| 2016 | $7.18B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| RPM price data to Oct 28, 2026 | -2.5% | -9.2% | +5.6% | +4.3% | +9.8% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -2.5% |
| 2025 | -13.9% |
| 2024 | +12.1% |
| 2023 | +16.8% |
| 2022 | -1.7% |
| 2021 | +13.2% |
| 2020 | +20.6% |
| 2019 | +33.7% |
| 2018 | +14.8% |
| 2017 | -0.3% |
| 2016 | +25.2% |
| 2015 | -11.1% |
| 2014 | +25.0% |
| 2013 | +44.3% |
| 2012 | +24.9% |
| 2011 | +15.4% |
| 2010 | +13.3% |
| 2009 | +61.7% |
| 2008 | -31.9% |
| 2007 | +0.5% |
| 2006 | +24.6% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 56.2% over that stretch · deepest drop along the way 61.7%, back to its old high 21.6 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 37% over that stretch · deepest drop along the way 37%, back to its old high 2.2 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 6% over that stretch · deepest drop along the way 22.9%, back to its old high 2.3 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 0 sales ($0.00).
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 9.2% | Sep 30, 2026 |
| Aristotle Capital Management, LLC | 6.32% | Sep 30, 2025 |
| Vanguard Portfolio Management | 5.6% | Mar 31, 2026 |
| Vanguard Capital Management | 5.23% | Mar 31, 2026 |
| STATE STREET CORPORATION | 5.1% | Jun 30, 2025 |
ETFs with the most weight in RPM
| PYZ Invesco Dorsey Wright Basic Materials Momentum ETF | 2.6% |
| XMHQ Invesco S&P MidCap Quality ETF | 2.17% |
| SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.68% |
| XMLV Invesco S&P MidCap Low Volatility ETF | 1.1% |
| FMAT Fidelity MSCI Materials Index ETF | 1.1% |
| ROE Astoria US Equal Weight Quality Kings ETF | 0.96% |
| FSGS First Trust SMID Growth Strength ETF | 0.96% |
| FSCS First Trust SMID Capital Strength ETF | 0.91% |
What could go wrong
- Slower construction and repair spending. The Construction Products Group, RPM's largest segment, relies on building activity. High interest rates, tighter construction lending and the shift to remote work and online shopping could cut construction and repair spending.
- Warranty and legal claims on building products. Roofing, wall cladding, sealants and other building products carry warranties and can draw lawsuits if they fail. Such claims can be costly, and RPM's insurance may not cover every risk.
- Raw material and energy price swings. Paints, coatings and sealants depend on chemical raw materials and energy. If costs jump or supplies run short, RPM may struggle to meet demand, and margins can shrink if price increases lag.
- Acquisitions that disappoint. RPM grows partly by acquiring companies and product lines. Deals that fail to integrate or perform could stall growth and force write-downs of goodwill, the premium paid over an acquired company's identifiable assets.
- A sizable debt load. RPM had about $2.4 billion of debt and $313 million of cash and investments as of August 31, 2026. Weak credit markets or higher rates could make refinancing harder or more expensive.
- Foreign sales and currency swings. About 31% of sales come from international markets. A stronger dollar shrinks the value of foreign sales, and tariffs, sanctions, local laws or political unrest abroad can raise costs or disrupt business.
Recent events
- Shareholder vote results; Other company announcement
- Quarterly results released
- Quarterly results released; Executive or board change; Other company announcement
- Major agreement signed; Executive or board change
- Executive or board change; Other company announcement
- Quarterly results released
- Major agreement signed
- Quarterly results released
For income and retirement investors
RPM's SEC filings show at least nine straight annual dividend increases through fiscal 2026, and the streak may be longer. Dividends per share rose from $1.51 in fiscal 2021 to $2.13 in fiscal 2026, about 7.1% a year. In fiscal 2026 the dividend took about 41% of earnings and 40% of free cash flow (cash left after running the business and paying for equipment). Free cash flow is uneven: it was negative in fiscal 2022. Buybacks (share repurchases) are modest: $305 million over fiscal 2022–2026, against $1.18 billion in dividends. The dividend yield was 2.21% as of October 28, 2026.
The shares have fallen hard in downturns. They dropped 61.7% from June 2008 to March 2009 and took until December 2010 to recover. In the 2020 COVID crash they fell 37% but recovered in about two months, and in 2022 they fell 22.9% before recovering by August 2022. A single stock carries more risk than a diversified fund.
Questions investors ask
Does RPM International raise its dividend every year?
Yes, so far. RPM's SEC filings show at least nine consecutive annual dividend increases through fiscal 2026 (ended May 31, 2026), and the true streak may be longer. Dividends per share reached $2.13 in fiscal 2026, up from $1.51 in fiscal 2021. The dividend used about 41% of earnings that year, leaving a cushion. Past raises do not guarantee future ones, especially if earnings or cash flow weaken.
How does RPM International make money?
RPM makes money by manufacturing and marketing specialty coatings, sealants, roofing systems, paints and building repair products. Net sales were $7.9 billion in the fiscal year ended May 31, 2026. The Construction Products Group brought in about 39%, the Consumer segment about 34% and the Performance Coatings Group about 27%. Some units also provide services, such as roofing contracting, flooring installation and building maintenance programs. About 31% of sales come from international markets.
What brands does RPM International own?
RPM owns dozens of brands spread across its three segments. They include Rust-Oleum, DAP, Zinsser, Watco and The Pink Stuff, plus professional and industrial names such as Tremco (roofing and sealants), Carboline (corrosion-control coatings), Stonhard (polymer flooring), Dryvit (insulated wall cladding) and Euclid (concrete admixtures and repair products). As of May 31, 2026, its subsidiaries marketed products in about 167 countries and territories.
How much debt does RPM International have?
RPM had about $2.4 billion of total debt and $313 million of cash and investments as of August 31, 2026, or net debt (debt minus cash) of about $2.1 billion. Shareholders' equity was about $3.5 billion. The company lists its significant debt as a risk factor. Debt can limit flexibility in a downturn, and weak capital markets could make refinancing harder or more expensive. Free cash flow was $675 million in fiscal 2026.
How has RPM stock performed over the long term?
Returns have been higher over 10 years than over shorter periods. As of October 28, 2026, price-based returns were about 9.8% a year over 10 years (155% in total), 4.3% a year over five years and minus 9.2% over one year. The shares lost 13.9% in calendar 2025 and were down 2.5% for 2026 through October 28. At its worst, during the 2008 financial crisis, the stock fell 61.7%.