RPM INTERNATIONAL INC/DE/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data RPM INTERNATIONAL INC/DE/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	4,958	5,322	5,565	5,507	6,106	6,708	7,256	7,335	7,373	7,863
Cost of revenue	2,792	3,305	3,476	3,414	3,701	4,275	4,508	4,321	4,322	4,605
Gross profit	2,166	2,017	2,088	2,093	2,405	2,433	2,748	3,015	3,050	3,258
Research and development	64.9	69.7	71.6	76.5	77.6	80.5	86.6	92.2	94.7	97.9
Selling, general and administrative	1,644	1,498	1,596	1,549	1,664	1,788	1,956	2,114	2,151	2,292
Interest expense	97	105	102	101	85.4	87.9	119	118	96.5	112
Other non-operating income	-1.67	0.6	-4.27	-12.1	-13.6	11.8	-9.78	-10.2	1.59	11.5
Pre-tax income	244	417	340	408	668	607	649	788	793	870
Income tax	59.7	77.8	72.2	103	165	114	170	198	102	208
Net income to minority interests	2.85	1.49	1.13	0.7	0.86	0.99	1.04	1.05	1.64	1.09
Net income	182	338	267	304	503	491	479	588	689	661
EPS, basic	1.37	2.55	2.03	2.35	3.89	3.81	3.74	4.58	5.38	5.19
EPS, diluted	1.36	2.50	2.01	2.34	3.87	3.79	3.72	4.56	5.35	5.17
Shares, basic (weighted)	131	131	131	128	128	128	128	128	128	127
Shares, diluted (weighted)	135	137	134	130	129	130	129	128	128	128
Dividend per share	1.18	1.26

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	350	244	223	233	247	202	216	237	302	315
Short-term investments		97.4	8.6	7.6	3.9	6	5.1	6.5	4.1	3.2
Receivables	995	1,114	1,232	1,138	1,281	1,433	1,503	1,419	1,509	1,662
Inventory	788	834	842	810	938	1,213	1,135	956	1,036	1,059
Other current assets	263	278	221	242	316	305	330	282	323	423
Total current assets	2,397	2,471	2,518	2,423	2,782	3,152	3,184	2,895	3,170	3,459
Property, plant and equipment	743	780	819	850	965	1,104	1,239	1,331	1,473	1,557
Lease right-of-use assets				284	301	308	330	332	370	397
Goodwill	1,144	1,192	1,246	1,250	1,346	1,338	1,294	1,309	1,618	1,688
Intangible assets	573	584	601	584	629	592	555	513	781	825
Long-term investments		70.7	16.4	19.3	22.8	19.4	22.1	20.2	20.2	22.2
Other non-current assets	214	222	222	208	204	195	165	173	216	303
Total assets	5,090	5,272	5,441	5,631	6,253	6,708	6,782	6,587	7,776	8,345
Accounts payable	535	592	557	535	717	800	681	650	756	854
Accrued liabilities	181	177	193	186	258	262	257	297	287	307
Deferred revenue		23.3	25.9	25.3	33.1	44.9	42.4	45	56.6	75.3
Short-term debt	254	3.5	552	80.9	1.28	603	179	136	7.69	408
Total current liabilities	1,235	1,007	1,539	1,094	1,331	2,016	1,491	1,466	1,467	2,061
Long-term debt	1,836	2,171	1,973	2,458	2,379	2,083	2,505	1,991	2,639	2,126
Lease liabilities				245	257	265	286	281	317	341
Other non-current liabilities	482	357	405	510	436	277	267	215	241	259
Total liabilities	3,652	3,638	4,033	4,366	4,510	4,724	4,639	4,074	4,889	5,032
Total debt	254	3.5	552	80.9	1.28	603	179	136	7.69	408
Paid-in capital	954	982	995	1,014	1,055	1,096	1,125	1,151	1,178	1,211
Retained earnings	1,172	1,343	1,425	1,544	1,852	2,139	2,404	2,761	3,194	3,583
Treasury stock	-218	-236	-437	-580	-653	-717	-784	-865	-954	-1,037
Other comprehensive income	-474	-459	-578	-717	-515	-537	-605	-537	-534	-447
Shareholders' equity	1,436	1,631	1,406	1,262	1,741	1,982	2,141	2,511	2,885	3,312
Minority interests	2.64	2.77	2.65	2.22	1.96	1.4	2.16	1.34	1.43	1.57
Total equity	1,439	1,634	1,409	1,265	1,743	1,984	2,143	2,512	2,887	3,313
Total liabilities and equity	5,090	5,272	5,441	5,631	6,253	6,708	6,782	6,587	7,776	8,345
Shares outstanding	134	134	131	130	130	129	129	129	128	128

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	185	339	268	305	504	492	480	589	690	662
Depreciation and amortization	117	128	142	157	147	153	155	171	194	213
Stock-based compensation	32.5	25.4	31.2	19.8	40.9	40.1	28.7	25.9	27	32.8
Deferred income tax	24	-10.7	5.43	-12.2	20.2	-25.1	6.24	-5.64	-105	32.8
Change in receivables	-5.69	-106	-131	82.1	-88.6	-187	-94.6	82.9	-55	-119
Change in inventory	-70.7	-34.1	-16.8	21.3	-68.8	-304	66.8	180	-34.5	18.5
Change in payables	16.2	51.6	-29.6	-27.1	151	101	-116	-24.4	84.1	67.7
Cash from operations	386	390	293	550	766	179	577	1,122	768	899
Capital expenditures	-126	-115	-137	-148	-157	-222	-254	-214	-230	-224
Purchases of investments	-38.1	-182	-19.8	-28.9	-122	-15	-18.7	-33	-85.8	-34.3
Sales and maturities of investments	76.6	139	69.7	31.3	112	21.5	12.7	46.7	87.1	19.8
Cash from investing	-340	-261	-248	-210	-326	-260	-250	-206	-826	-417
Debt issued	598	351	628	485		438	342	0	478	84
Debt repaid	-450	-450
Share buybacks	-21.9	-17.2	-200	-125	-50	-52.5	-50	-55	-70	-77.5
Dividends paid	-157	-167	-181	-185	-195	-204	-214	-232	-256	-272
Cash from financing	36	-239	-53.8	-317	-460	57.4	-301	-890	122	-482
Exchange rate effect	2.91	4.11	-12.1
Net change in cash	85.3	-106	-21.3	10.2	13.3	-45	14.1	21.6	64.8	13.1
Free cash flow	260	276	156	402	609	-43.7	323	908	538	675
Interest paid	78.7	97.3	101	103	82.4	81.8	114	117	93.5	109
Income taxes paid	71.2	83.5	68.4	103	147	172	134	204	204	198

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $100.44 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	41.4%	Gross profit / revenue.
Pre-tax margin	11.1%	Pre-tax income / revenue.
Net margin	8.4%	Net income / revenue.
FCF margin	8.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	11.4%	Cash from operations / revenue.
Effective tax rate	23.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	21.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	8.2%	Net income / average total assets.
R&D / revenue	1.2%	Research and development expense / revenue.
SG&A / revenue	29.1%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.4%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	2.8%	Capital expenditures / revenue.
D&A / revenue	2.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	6.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	5.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	6.8%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	5.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	6.3%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-4.0%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	11.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	5.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-3.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	11.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	6.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	17.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	15.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	3.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	25.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	27.9%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	2.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	14.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	15.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	13.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	7.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	7.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.5%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.68x	Current assets / current liabilities.
Quick ratio	0.96x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.15x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.12x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	4.9%	Total debt / total assets.
Liabilities / assets	60.3%	Total liabilities / total assets.
Net debt	$89.4M	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	$1.40B	Current assets - current liabilities.
Goodwill and intangibles / assets	30.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$798.7M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.98x	Revenue / average total assets.
Fixed asset turnover	5.19x	Revenue / average property, plant and equipment.
Inventory turnover	4.40x	Cost of revenue / average inventory.
Days inventory	83 days	365 x average inventory / cost of revenue.
Receivables turnover	4.96x	Revenue / average receivables.
Days sales outstanding	74 days	365 x average receivables / revenue.
Days payables	64 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	93 days	Days inventory + days sales outstanding - days payables.
FCF conversion	102.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	24.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$5.17	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$5.19	Net income per basic share, as reported (split-adjusted).
Revenue per share	$61.65	Revenue / diluted weighted shares.
FCF per share	$5.29	Free cash flow / diluted weighted shares.
Operating cash flow per share	$7.05	Cash from operations / diluted weighted shares.
Book value per share	$25.94	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$6.26	Tangible book value / shares outstanding.
Cash per share	$2.49	(Cash + short-term investments) / shares outstanding.
Payout ratio	41.1%	Dividends paid / net income, when net income is positive.
Dividends / FCF	40.2%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	11.5%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$12.83B	Share price x shares outstanding.
Enterprise value	$12.92B	Market cap + total debt - cash - short-term investments.
P/E	19.4x	Market cap / net income. Only when net income is positive.
P/S	1.63x	Market cap / revenue.
P/B	3.87x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	16.1x	Market cap / tangible book value, when positive.
P/FCF	19.0x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	14.3x	Market cap / cash from operations, when positive.
EV/Sales	1.64x	Enterprise value / revenue.
EV/FCF	19.1x	Enterprise value / free cash flow, when both are positive.
FCF yield	5.3%	Free cash flow / market cap.
Earnings yield	5.2%	Net income / market cap (the inverse of P/E).
Dividend yield	2.1%	Dividends paid over the period / market cap.
Shareholder yield	2.7%	(Dividends paid + share buybacks) / market cap.
PEG	1.67x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was RPM INTERNATIONAL INC/DE/'s revenue in fiscal 2026?

RPM INTERNATIONAL INC/DE/ reported revenue of $7.86B for fiscal 2026, 6.7% higher than the year before.

Was RPM INTERNATIONAL INC/DE/ profitable in fiscal 2026?

Yes. Net income was $661.4M, a net margin of 8.4%.

How much free cash flow did RPM INTERNATIONAL INC/DE/ generate in fiscal 2026?

Cash from operations of $898.7M minus capital expenditures of $223.5M left free cash flow of $675.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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