RPM International Inc/De/
RPM · NYSEPaints, Varnishes, Lacquers, Enamels & Allied Prods · Fiscal year ends May 31
RPM International Inc/De/ reported revenue of $7.9B in the fiscal year ended May 2026, up 6.7% from the year before. Net income was $661M. Operating cash flow of $899M less capital expenditure of $224M left free cash flow of $675M. Net debt was $2.2B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|
| Revenue | $6.7B | $7.3B | $7.3B | $7.4B | $7.9B |
| Cost of revenue | $4.3B | $4.5B | $4.3B | $4.3B | $4.6B |
| Gross profit | $2.4B | $2.7B | $3B | $3.1B | $3.3B |
| Research & development | $81M | $87M | $92M | $95M | $98M |
| Selling, general & admin | $1.8B | $2B | $2.1B | $2.2B | $2.3B |
| Interest expense | $88M | $119M | $118M | $97M | $112M |
| Pre-tax income | $607M | $649M | $788M | $793M | $870M |
| Income tax | $114M | $170M | $198M | $102M | $208M |
| Net income | $491M | $479M | $588M | $689M | $661M |
| Diluted EPS | 3.79 | 3.72 | 4.56 | 5.35 | 5.17 |
| Diluted shares | 130M | 129M | 128M | 128M | 128M |
Balance sheet
| Fiscal year | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $202M | $216M | $237M | $302M | $315M |
| Receivables | $1.4B | $1.5B | $1.4B | $1.5B | $1.7B |
| Inventory | $1.2B | $1.1B | $956M | $1B | $1.1B |
| Current assets | $3.2B | $3.2B | $2.9B | $3.2B | $3.5B |
| Net PP&E | $1.1B | $1.2B | $1.3B | $1.5B | $1.6B |
| Goodwill | $1.3B | $1.3B | $1.3B | $1.6B | $1.7B |
| Total assets | $6.7B | $6.8B | $6.6B | $7.8B | $8.3B |
| Payables | $800M | $681M | $650M | $756M | $854M |
| Deferred revenue | $45M | $42M | $45M | $57M | $75M |
| Current liabilities | $2B | $1.5B | $1.5B | $1.5B | $2.1B |
| Short-term debt | $603M | $179M | $136M | $8M | $408M |
| Long-term debt | $2.1B | $2.5B | $2B | $2.6B | $2.1B |
| Shareholders' equity | $2B | $2.1B | $2.5B | $2.9B | $3.3B |
Cash flow
| Fiscal year | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $179M | $577M | $1.1B | $768M | $899M |
| Capital expenditure | $222M | $254M | $214M | $230M | $224M |
| Free cash flow | −$44M | $323M | $908M | $538M | $675M |
| Depreciation & amortisation | $153M | $155M | $171M | $194M | $213M |
| Stock-based compensation | $40M | $29M | $26M | $27M | $33M |
| Share buybacks | $53M | $50M | $55M | $70M | $77M |
| Dividends paid | $204M | $214M | $232M | $256M | $272M |
Key ratios
| Fiscal year | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 8.2% | 1.1% | 0.5% | 6.7% |
| EPS growth (YoY) | – | −1.8% | 22.6% | 17.3% | −3.4% |
| Gross margin | 36.3% | 37.9% | 41.1% | 41.4% | 41.4% |
| Net margin | 7.3% | 6.6% | 8.0% | 9.3% | 8.4% |
| Return on equityBlank when equity is negative | 24.8% | 22.4% | 23.4% | 23.9% | 20.0% |
| Free cash flow margin | −0.7% | 4.4% | 12.4% | 7.3% | 8.6% |
| Cash conversion (CFO ÷ net income) | 0.36x | 1.21x | 1.91x | 1.12x | 1.36x |
| Receivable days | 78 | 76 | 71 | 75 | 77 |
| Inventory days | 104 | 92 | 81 | 88 | 84 |
| Payable days | 68 | 55 | 55 | 64 | 68 |
| Debt ÷ equity | 1.36x | 1.25x | 0.85x | 0.92x | 0.77x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $2.5B | $2.5B | $1.9B | $2.3B | $2.2B |
| Current ratio | 1.56x | 2.14x | 1.97x | 2.16x | 1.68x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.