RPM International
RPM on NYSE. RPM International sells paints, coatings, sealants and adhesives to builders, industry and consumers. Market value $12.2bn.
Price checks use the past 12 months to May 2026. Quality checks use five annual reports, the latest for the year to May 2026.
The company doesn't report operating profit, so we work it out from pre-tax profit and interest.
Should I look at this?
Worth a closer look
Why it could be worth it
What to watch out for
Nothing stood out in the numbers we check.
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $5.55 of spare cash in the past 12 months. A savings account pays about $4.
You pay 14.7 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 13 cents a year. Above 10 is good.
Quality score: 89 of 100. Price score: 89 of 100. Our list needs 70 on quality and 60 on price.
$95.30 a share, 3% above its 1-year low
Over the past year the price has ranged from $92.92 to $121.78.
Dividend: 2.2% a year
Paid every year for at least 5 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $6.7bn | $7.3bn | $7.3bn | $7.4bn | $7.9bn |
| Operating margin | |||||
| Operating margin | 10.4% | 10.6% | 12.3% | 12.1% | 12.5% |
| Debt to equity | |||||
| Debt to equity | 1.36 | 1.25 | 0.85 | 0.92 | 0.77 |
| Shares outstanding | |||||
| Shares outstanding | 0.13bn | 0.13bn | 0.13bn | 0.13bn | 0.13bn |
Health checks
- Free cash flow positive4 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)7 of 9
- Profit backed by cash (accruals)Yes
- Debt0.77× equity
- Revenue growth, five yearsSlow, 5.2% a year
- Buying back its own sharesRoughly flat
The quarter to May 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $2.2 billion last quarter, up 7% on a year ago.
- Profit: $221 million, down 2% on a year ago.
- Spare cash over the past 12 months: $675 million, up from $538 million.
- Debt is $2.2 billion more than cash, down from $2.3 billion a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| August 2024 | $2.0bn |
| November 2024 | $1.8bn |
| February 2025 | $1.5bn |
| May 2025 | $2.1bn |
| August 2025 | $2.1bn |
| November 2025 | $1.9bn |
| February 2026 | $1.6bn |
| May 2026 | $2.2bn |
| Quarter to | Amount |
|---|---|
| August 2024 | $228m |
| November 2024 | $183m |
| February 2025 | $52m |
| May 2025 | $226m |
| August 2025 | $228m |
| November 2025 | $161m |
| February 2026 | $51m |
| May 2026 | $221m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 22 July 2026
- Next quarterly (estimated, 10-Q)
- 8 July 2026
Who owns it
5 long-term investors we follow own it, unchanged from 5 last quarter. 795 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Aristotle Capital ManagementHoward Gleicher | $768m | 1.6% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $25m | <0.1% | Added |
| First Manhattan Co.First Manhattan partners | $13m | <0.1% | Cut |
| GAMCO InvestorsMario Gabelli | $501,064 | <0.1% | Added |
| First Eagle Investment ManagementMatthew McLennan | $384,802 | <0.1% | Added |
Largest holders overall
- BlackRock$1.5bnAdded
- Vanguard Portfolio Management$793m
- Aristotle Capital Management$768mCut
- State Street$751mAdded
- Vanguard Capital Management$641m
- Morgan Stanley$466mCut
- Allspring Global Investments Holdings$460mAdded
- Victory Capital Management$425m
- Geode Capital Management$295m
- Price T Rowe Associates$283mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- Aristotle Capital ManagementPassive investor6.3%Since 30 September 2025
- Vanguard Portfolio ManagementPassive investor5.6%Since 31 March 2026
- Vanguard Capital ManagementPassive investor5.2%Since 31 March 2026
- STATE STREET CORPORATIONPassive investor5.1%+0.2 ptsSince 30 June 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Aristotle Capital Management Passive investor | 6.3% | 30 September 2025 | |
Vanguard Portfolio Management Passive investor | 5.6% | 31 March 2026 | |
Vanguard Capital Management Passive investor | 5.2% | 31 March 2026 | |
STATE STREET CORPORATION Passive investor | 5.1%+0.2 pts | 30 June 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 3 sold $505,473.
- Kinser Timothy R.VP-OperationsSold
- Date
- 21 January 2026
- Shares
- 3,441
- Price
- $110.31
- Value
- $379,577
- Nance Frederick R.DirectorSold
- Date
- 11 November 2025
- Shares
- 792
- Price
- $107.98
- Value
- $85,520
- FAZZOLARI SALVATORE DDirectorSold
- Date
- 31 October 2025
- Shares
- 375
- Price
- $107.67
- Value
- $40,376
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 21 January 2026 | Kinser Timothy R. VP-Operations | Sold | 3,441 | $110.31 | $379,577 |
| 11 November 2025 | Nance Frederick R. Director | Sold | 792 | $107.98 | $85,520 |
| 31 October 2025 | FAZZOLARI SALVATORE D Director | Sold | 375 | $107.67 | $40,376 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 22 Jul 2026, and no later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
It's near its lowest price in a year. The deep dive tells you if that's a bargain or a warning.
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.