Rpm Inc Financials

RPM

Source SEC Filings (10-K/10-Q) Updated Nov 30, 2025 Currency USD FYE May

This page shows Rpm Inc (RPM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 61/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Rpm Inc's revenue grew a modest 0.5% year-over-year to $7.4B. This slow but positive growth earns a score of 30/100.

Leverage

Rpm Inc carries a low D/E ratio of 0.91, meaning only $0.91 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.16, Rpm Inc holds $2.16 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 66/100.

Cash Flow

Rpm Inc has a free cash flow margin of 7.3%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Rpm Inc earns a strong 23.9% return on equity (ROE), meaning it generates $24 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 95/100. This is up from 23.4% the prior year.

Piotroski F-Score Neutral

6/9

Rpm Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.12x

For every $1 of reported earnings, Rpm Inc generates $1.12 in operating cash flow ($768.2M OCF vs $688.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$7.4B

YoY+0.5%

5Y CAGR+6.0%

10Y CAGR+4.8%

Rpm Inc generated $7.4B in revenue in fiscal year 2025. This represents an increase of 0.5% from the prior year.

EBITDA

N/A

Free Cash Flow

$538.3M

YoY-40.7%

5Y CAGR+6.0%

10Y CAGR+8.2%

Rpm Inc generated $538.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 40.7% from the prior year.

Net Income

$688.7M

YoY+17.0%

5Y CAGR+17.7%

10Y CAGR+11.1%

Rpm Inc reported $688.7M in net income in fiscal year 2025. This represents an increase of 17.0% from the prior year.

EPS (Diluted)

$5.35

YoY+17.3%

5Y CAGR+18.0%

10Y CAGR+11.6%

Rpm Inc earned $5.35 per diluted share (EPS) in fiscal year 2025. This represents an increase of 17.3% from the prior year.

Cash & Debt

$302.1M

YoY+27.3%

5Y CAGR+5.3%

10Y CAGR+5.6%

Rpm Inc held $302.1M in cash against $2.6B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

128M

YoY-0.3%

5Y CAGR-0.2%

10Y CAGR-0.4%

Rpm Inc had 128M shares outstanding in fiscal year 2025. This represents a decrease of 0.3% from the prior year.

Gross Margin

41.4%

YoY+0.3pp

5Y CAGR+3.4pp

10Y CAGR-0.9pp

Rpm Inc's gross margin was 41.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.

Operating Margin

N/A

Net Margin

9.3%

YoY+1.3pp

5Y CAGR+3.8pp

10Y CAGR+4.1pp

Rpm Inc's net profit margin was 9.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.3 percentage points from the prior year.

Return on Equity

23.9%

YoY+0.4pp

5Y CAGR-0.2pp

10Y CAGR+5.3pp

Rpm Inc's ROE was 23.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.4 percentage points from the prior year.

R&D Spending

$94.7M

YoY+2.7%

5Y CAGR+4.4%

10Y CAGR+5.3%

Rpm Inc invested $94.7M in research and development in fiscal year 2025. This represents an increase of 2.7% from the prior year.

Share Buybacks

$70.0M

YoY+27.3%

5Y CAGR-10.9%

10Y CAGR+5.9%

Rpm Inc spent $70.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 27.3% from the prior year.

Capital Expenditures

$229.9M

YoY+7.5%

5Y CAGR+9.2%

10Y CAGR+10.4%

Rpm Inc invested $229.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 7.5% from the prior year.

RPM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$7.4B+0.5%	$7.3B+1.1%	$7.3B+8.2%	$6.7B+9.8%	$6.1B+10.9%	$5.5B
Cost of Revenue	$4.3B0.0%	$4.3B-4.2%	$4.5B+5.5%	$4.3B+15.5%	$3.7B+8.4%	$3.4B
Gross Profit	$3.1B+1.2%	$3.0B+9.7%	$2.7B+12.9%	$2.4B+1.2%	$2.4B+14.9%	$2.1B
R&D Expenses	$94.7M+2.7%	$92.2M+6.5%	$86.6M+7.6%	$80.5M+3.7%	$77.6M+1.4%	$76.5M
SG&A Expenses	$2.2B+1.7%	$2.1B+8.1%	$2.0B+9.4%	$1.8B+7.5%	$1.7B+7.4%	$1.5B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$96.5M-18.2%	$118.0M-0.9%	$119.0M+35.4%	$87.9M+3.0%	$85.4M-15.4%	$101.0M
Income Tax	$102.4M-48.4%	$198.4M+16.9%	$169.7M+48.4%	$114.3M-30.7%	$164.9M+60.6%	$102.7M
Net Income	$688.7M+17.0%	$588.4M+22.9%	$478.7M-2.6%	$491.5M-2.2%	$502.6M+65.1%	$304.4M
EPS (Diluted)	$5.35+17.3%	$4.56+22.6%	$3.72-1.8%	$3.79-2.1%	$3.87+65.4%	$2.34

Metric	Q2'26	Q1'26	Q3'25	Q2'24	Q2'25	Q1'25	Q2'23	Q3'24
Revenue	$1.9B-9.6%	$2.1B+43.2%	$1.5B-17.6%	$1.8B0.0%	$1.8B-10.9%	$2.0B+22.7%	$1.6B+8.1%	$1.5B
Cost of Revenue	$1.1B-7.4%	$1.2B+34.3%	$909.1M-17.5%	$1.1B+5.5%	$1.0B-11.8%	$1.2B+12.0%	$1.1B+8.1%	$978.1M
Gross Profit	$780.2M-12.7%	$893.2M+57.4%	$567.5M-17.8%	$690.4M-7.7%	$748.2M-9.7%	$828.6M+42.2%	$582.6M+8.3%	$538.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$549.5M-4.2%	$573.5M+14.3%	$501.7M+2.3%	$490.6M-6.2%	$523.3M-1.5%	$531.0M+21.3%	$437.7M-2.7%	$450.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$28.0M-4.5%	$29.3M+27.5%	$23.0M-17.6%	$27.9M-8.0%	$30.3M-4.6%	$31.8M+51.5%	$21.0M-31.7%	$30.8M
Income Tax	$49.5M-29.5%	$70.2M+717.9%	-$11.4M-126.1%	$43.6M-12.8%	$50.0M-26.3%	$67.8M+78.4%	$38.0M+149.5%	$15.2M
Net Income	$161.2M-29.2%	$227.6M+337.4%	$52.0M-60.4%	$131.3M-9.7%	$145.5M-27.6%	$201.1M+61.0%	$124.9M+362.9%	$27.0M
EPS (Diluted)	$1.26-28.8%	$1.770.0%	$1.77+73.5%	$1.02-9.7%	$1.13-27.6%	$1.56+62.5%	$0.96+357.1%	$0.21

RPM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$7.8B+18.1%	$6.6B-2.9%	$6.8B+1.1%	$6.7B+7.3%	$6.3B+11.0%	$5.6B
Current Assets	$3.2B+9.5%	$2.9B-9.1%	$3.2B+1.0%	$3.2B+13.3%	$2.8B+14.8%	$2.4B
Cash & Equivalents	$302.1M+27.3%	$237.4M+10.0%	$215.8M+7.0%	$201.7M-18.3%	$246.7M+5.7%	$233.4M
Inventory	$1.0B+8.4%	$956.5M-15.8%	$1.1B-6.4%	$1.2B+29.3%	$938.1M+15.8%	$810.4M
Accounts Receivable	$1.5B+6.3%	$1.4B-5.6%	$1.5B+4.9%	$1.4B+11.9%	$1.3B+12.6%	$1.1B
Goodwill	$1.6B+23.6%	$1.3B+1.2%	$1.3B-3.3%	$1.3B-0.6%	$1.3B+7.7%	$1.3B
Total Liabilities	$4.9B+20.0%	$4.1B-12.2%	$4.6B-1.8%	$4.7B+4.7%	$4.5B+3.3%	$4.4B
Current Liabilities	$1.5B+0.1%	$1.5B-1.7%	$1.5B-26.1%	$2.0B+51.4%	$1.3B+21.7%	$1.1B
Long-Term Debt	$2.6B+32.5%	$2.0B-20.5%	$2.5B+20.3%	$2.1B-12.4%	$2.4B-3.2%	$2.5B
Total Equity	$2.9B+14.9%	$2.5B+17.3%	$2.1B+8.0%	$2.0B+13.9%	$1.7B+37.9%	$1.3B
Retained Earnings	$3.2B+15.7%	$2.8B+14.8%	$2.4B+12.4%	$2.1B+15.5%	$1.9B+19.9%	$1.5B

Metric	Q2'26	Q1'26	Q3'25	Q2'24	Q2'25	Q1'25	Q2'23	Q3'24
Total Assets	$7.9B-0.9%	$7.9B+20.0%	$6.6B+0.5%	$6.6B+0.8%	$6.5B-2.6%	$6.7B-1.0%	$6.8B+2.6%	$6.6B
Current Assets	$3.1B-2.6%	$3.2B+16.1%	$2.8B-4.7%	$2.9B-0.8%	$2.9B-6.2%	$3.1B-2.3%	$3.2B+3.4%	$3.1B
Cash & Equivalents	$316.6M+6.6%	$297.1M+22.8%	$241.9M+1.9%	$237.4M-9.7%	$262.7M+9.2%	$240.6M+11.5%	$215.8M+11.3%	$193.9M
Inventory	$1.1B+1.4%	$1.1B+2.2%	$1.0B+9.2%	$956.5M-13.3%	$1.1B-1.3%	$1.1B-1.6%	$1.1B-15.3%	$1.3B
Accounts Receivable	$1.3B-9.7%	$1.5B+33.3%	$1.1B-22.1%	$1.4B+15.1%	$1.2B-13.1%	$1.4B-5.6%	$1.5B+24.9%	$1.2B
Goodwill	$1.7B+0.4%	$1.7B+22.0%	$1.4B+3.8%	$1.3B-0.2%	$1.3B+0.8%	$1.3B+0.6%	$1.3B+0.4%	$1.3B
Total Liabilities	$4.7B-3.0%	$4.9B+23.9%	$3.9B-3.2%	$4.1B-2.4%	$4.2B-5.8%	$4.4B-4.5%	$4.6B+1.9%	$4.6B
Current Liabilities	$1.4B-0.6%	$1.4B+13.8%	$1.2B-15.2%	$1.5B+16.9%	$1.3B-1.1%	$1.3B-14.9%	$1.5B+33.2%	$1.1B
Long-Term Debt	$2.5B-5.6%	$2.7B+27.4%	$2.1B+5.0%	$2.0B-11.4%	$2.2B-10.1%	$2.5B-0.3%	$2.5B-11.1%	$2.8B
Total Equity	$3.1B+2.4%	$3.1B+14.2%	$2.7B+6.5%	$2.5B+6.4%	$2.4B+3.5%	$2.3B+6.6%	$2.1B+4.3%	$2.1B
Retained Earnings	$3.4B+2.7%	$3.4B+10.7%	$3.0B+9.9%	$2.8B+4.7%	$2.6B+3.4%	$2.6B+6.1%	$2.4B+4.2%	$2.3B

RPM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$768.2M-31.6%	$1.1B+94.5%	$577.1M+222.9%	$178.7M-76.7%	$766.2M+39.3%	$549.9M
Capital Expenditures	$229.9M+7.5%	$214.0M-15.9%	$254.4M+14.4%	$222.4M+41.5%	$157.2M+6.4%	$147.8M
Free Cash Flow	$538.3M-40.7%	$908.3M+181.5%	$322.7M+838.8%	-$43.7M-107.2%	$609.0M+51.4%	$402.2M
Investing Cash Flow	-$825.5M-299.9%	-$206.4M+17.3%	-$249.7M+3.8%	-$259.5M+20.5%	-$326.4M-55.7%	-$209.6M
Financing Cash Flow	$121.9M+113.7%	-$890.0M-195.5%	-$301.2M-624.8%	$57.4M+112.5%	-$459.6M-45.0%	-$316.9M
Dividends Paid	$255.6M+10.2%	$231.9M+8.4%	$213.9M+4.7%	$204.4M+5.0%	$194.7M+5.2%	$185.1M
Share Buybacks	$70.0M+27.3%	$55.0M+10.0%	$50.0M-4.8%	$52.5M+5.1%	$50.0M-60.0%	$125.0M

Metric	Q2'26	Q1'26	Q3'25	Q2'24	Q2'25	Q1'25	Q2'23	Q3'24
Operating Cash Flow	$345.7M+45.6%	$237.5M+159.6%	$91.5M-49.5%	$181.2M-55.7%	$408.6M+13.7%	$359.2M+14.4%	$314.1M+335.7%	$72.1M
Capital Expenditures	$49.3M-21.0%	$62.5M+7.3%	$58.2M-23.3%	$75.9M+104.5%	$37.1M-28.9%	$52.2M-30.1%	$74.7M+12.7%	$66.3M
Free Cash Flow	$296.4M+69.3%	$175.0M+425.5%	$33.3M-68.4%	$105.3M-71.7%	$371.5M+21.0%	$307.0M+28.2%	$239.4M+4005.4%	$5.8M
Investing Cash Flow	-$94.7M+48.1%	-$182.4M-70.3%	-$107.1M-103.8%	-$52.6M-4.9%	-$50.1M+18.5%	-$61.5M+17.2%	-$74.3M-552.3%	-$11.4M
Financing Cash Flow	-$233.7M-264.4%	-$64.1M-726.5%	-$7.8M+94.4%	-$139.2M+58.6%	-$336.0M-22.5%	-$274.3M-25.9%	-$217.9M-123.5%	-$97.5M
Dividends Paid	$69.2M+7.2%	$64.5M-1.6%	$65.5M+10.6%	$59.3M0.0%	$59.3M+9.6%	$54.1M0.0%	$54.1M-0.2%	$54.2M
Share Buybacks	$17.5M0.0%	$17.5M0.0%	$17.5M+0.1%	$17.5M+39.9%	$12.5M0.0%	$12.5M0.0%	$12.5M0.0%	$12.5M

RPM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	41.4%+0.3pp	41.1%+3.2pp	37.9%+1.6pp	36.3%-3.1pp	39.4%+1.4pp	38.0%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	9.3%+1.3pp	8.0%+1.4pp	6.6%-0.7pp	7.3%-0.9pp	8.2%+2.7pp	5.5%
Return on Equity	23.9%+0.4pp	23.4%+1.1pp	22.4%-2.4pp	24.8%-4.1pp	28.9%+4.8pp	24.1%
Return on Assets	8.9%-0.1pp	8.9%+1.9pp	7.1%-0.3pp	7.3%-0.7pp	8.0%+2.6pp	5.4%
Current Ratio	2.16+0.2	1.97-0.2	2.14+0.6	1.56-0.5	2.09-0.1	2.22
Debt-to-Equity	0.91+0.1	0.79-0.4	1.17+0.1	1.05-0.3	1.37-0.6	1.95
FCF Margin	7.3%-5.1pp	12.4%+7.9pp	4.5%+5.1pp	-0.7%-10.6pp	10.0%+2.7pp	7.3%

Metric	Q2'26	Q1'26	Q3'25	Q2'24	Q2'25	Q1'25	Q2'23	Q3'24
Gross Margin	40.8%-1.4pp	42.3%+3.8pp	38.4%-0.1pp	38.5%-3.2pp	41.8%+0.6pp	41.2%+5.6pp	35.5%+0.1pp	35.5%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.4%-2.3pp	10.8%+7.3pp	3.5%-3.8pp	7.3%-0.8pp	8.1%-1.9pp	10.0%+2.4pp	7.6%+5.8pp	1.8%
Return on Equity	5.1%-2.3pp	7.4%+5.5pp	1.9%-4.3pp	6.3%+0.1pp	6.2%-2.6pp	8.8%+2.0pp	6.8%+5.5pp	1.3%
Return on Assets	2.1%-0.8pp	2.9%+2.1pp	0.8%-1.1pp	1.9%-0.3pp	2.2%-0.8pp	3.0%+1.0pp	2.0%+1.6pp	0.4%
Current Ratio	2.22-0.0	2.26+0.0	2.22+0.2	1.97-0.4	2.33-0.1	2.45+0.3	2.14-0.6	2.75
Debt-to-Equity	0.80-0.1	0.87+0.1	0.78-0.0	0.79-0.2	0.95-0.1	1.10-0.1	1.17-0.2	1.37
FCF Margin	15.5%+7.2pp	8.3%+6.0pp	2.3%-4.0pp	6.2%-14.5pp	20.7%+5.5pp	15.3%+13.2pp	2.1%+1.7pp	0.4%

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Frequently Asked Questions

What is Rpm Inc's annual revenue?

Rpm Inc (RPM) reported $7.4B in total revenue for fiscal year 2025. This represents a 0.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Rpm Inc's revenue growing?

Rpm Inc (RPM) revenue grew by 0.5% year-over-year, from $7.3B to $7.4B in fiscal year 2025.

Is Rpm Inc profitable?

Yes, Rpm Inc (RPM) reported a net income of $688.7M in fiscal year 2025, with a net profit margin of 9.3%.

What is Rpm Inc's earnings per share (EPS)?

Rpm Inc (RPM) reported diluted earnings per share of $5.35 for fiscal year 2025. This represents a 17.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Rpm Inc have?

As of fiscal year 2025, Rpm Inc (RPM) had $302.1M in cash and equivalents against $2.6B in long-term debt.

What is Rpm Inc's gross margin?

Rpm Inc (RPM) had a gross margin of 41.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Rpm Inc's net profit margin?

Rpm Inc (RPM) had a net profit margin of 9.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Rpm Inc's return on equity (ROE)?

Rpm Inc (RPM) has a return on equity of 23.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Rpm Inc's free cash flow?

Rpm Inc (RPM) generated $538.3M in free cash flow during fiscal year 2025. This represents a -40.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Rpm Inc's operating cash flow?

Rpm Inc (RPM) generated $768.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Rpm Inc's total assets?

Rpm Inc (RPM) had $7.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Rpm Inc's capital expenditures?

Rpm Inc (RPM) invested $229.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Rpm Inc spend on research and development?

Rpm Inc (RPM) invested $94.7M in research and development during fiscal year 2025.

Does Rpm Inc buy back shares?

Yes, Rpm Inc (RPM) spent $70.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Rpm Inc have outstanding?

Rpm Inc (RPM) had 128M shares outstanding as of fiscal year 2025.

What is Rpm Inc's current ratio?

Rpm Inc (RPM) had a current ratio of 2.16 as of fiscal year 2025, which is generally considered healthy.

What is Rpm Inc's debt-to-equity ratio?

Rpm Inc (RPM) had a debt-to-equity ratio of 0.91 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Rpm Inc's return on assets (ROA)?

Rpm Inc (RPM) had a return on assets of 8.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Rpm Inc's Piotroski F-Score?

Rpm Inc (RPM) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Rpm Inc's earnings high quality?

Rpm Inc (RPM) has an earnings quality ratio of 1.12x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Rpm Inc?

Rpm Inc (RPM) scores 61 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.