RPM International is a specialty coatings and sealants company with superior return on equity relative to peers and strong analyst sentiment, but double concentration risks in both customer and supplier relationships, and the stock has essentially reached its analyst price target with minimal remaining upside at current levels.
Thesis pillars
- Dual Concentration Customer Supplier→Stable
- Earnings Variability Below Expectations↑Improving
- Price At Analyst Target Minimal Upside→Stable
- +1 more pillar — see the Why tab for full reasoning
RPM International Inc. (RPM) Stock Analysis
Recovery setup
Basic Materials · Specialty Chemicals
Wait for pullback to $103.23. At $107.00 the A.R:R is 0.9:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $103.23 (1 ATR pullback) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Thin upside margin: 6.1%; Weak growth.
RPM International manufactures and markets specialty chemical product lines — including specialty paints, infrastructure rehab and repair products, protective coatings, roofing systems, and sealants and adhesives — across four segments serving construction, industrial, and... Read more
Wait for pullback to $103.23. At $107.00 the A.R:R is 0.9:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $103.23 (1 ATR pullback) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Thin upside margin: 6.1%; Weak growth. Chart setup: Death cross but MACD improving, RSI 46. Maintain position. Not compelling to add more. | News modifier +1 (HOLD_IF_HOLDING → STRONG_BUY_WAIT) Score 5.8/10, moderate confidence.
Passes 7/11 gates (positive momentum, clean insider activity, news boost analyst 0.70, news boost analyst cluster(5), earnings proximity 67d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About RPM International Inc.
About RPM International Inc.
RPM International's four segments generated $7.4 billion in net sales for the fiscal year ended May 31, 2025: Construction Products Group at 38% ($2.8 billion), Consumer at 33% ($2.4 billion), Performance Coatings Group at 20% ($1.5 billion), and Specialty Products Group at 9% ($0.7 billion). The company operates roughly 118 manufacturing locations across 21 countries and markets products in approximately 163 countries and territories, with international sales representing about 30% of the total.
RPM's Consumer segment brands, including Rust-Oleum, DAP, and Zinsser, sell through home improvement centers, mass merchandisers, hardware and paint stores, and distributors, while the Construction Products and Performance Coatings segments sell industrial coatings and infrastructure-repair systems such as Tremco and Carboline directly to contractors and manufacturers. A group of key customers spanning Ace Hardware, Amazon, The Home Depot, Lowe's, and Wal-Mart accounted for approximately 22% of consolidated net sales in fiscal 2025, with The Home Depot alone contributing 24% of Consumer segment sales but under 10% of consolidated sales. Raw materials are primarily petroleum-based derivatives, minerals, and metals, exposing margins to tariff and supply-chain volatility that RPM manages through multi-source contracts and alternative-material qualification. The company competes against larger, better-capitalized rivals including PPG Industries and The Sherwin-Williams Company in a fragmented market where no single competitor holds share across all product lines.
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RPM derives about 29% of net sales from foreign manufacturing operations spanning 21 countries, exposing results to currency translation swings and to tariff or trade-policy shifts on internationally sourced raw materials, which the 10-K flags as capable of raising input costs beyond what RPM can recover through customer pricing. The company also carries $2.4 billion in goodwill and other intangibles as of May 31, 2025, built up through acquisitions, leaving results vulnerable to impairment charges if any of the four reportable segments experiences a sustained business decline. A weakening dollar helps consolidated results, while a strengthening dollar compresses reported revenue and asset carrying values from RPM's Argentina, Brazil, India, and other international operations.
See also: Basic Materials · Specialty Chemicals
From RPM International Inc.'s most recent 10-K filing, extracted July 26, 2026.
Recent developments
updated 2026-07-27Recent Developments — RPM International Inc.
Latest news
- NEWS RPM Upgraded by UBS -- Price Target Raised to $130 - GuruFocus — GuruFocus positive
- NEWS RPM International upgraded at UBS on pricing power, construction recovery (RPM:NYSE) - Seeking Alpha — Seeking Alpha positive
- NEWS PPG stock and RPM shares rise on Akzo takeover bid rejection - Investing.com — Investing.com positive
- NEWS RPM International Raised to Buy From Neutral by UBS - Moomoo — Moomoo positive
- NEWS PPG stock and RPM shares rise on Akzo takeover bid rejection - Investing.com Canada — Investing.com Canada positive
Generated 2026-07-27T11:13:01Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerkey customers22%10-K Item 1A: 'our key customers in the Consumer reportable segment include Ace Hardware, Amazon, Do It Best, Hardlines Distribution, The Home Depot, Inc., Lowe’s, Menards, Orgill, W.W. Grainger, and Wal-Mart ... sales to these customers across all of our reportable segments accounted for approximately 22%, 24% and 25% of our consolidated net sales for the fiscal years ended May 31, 2025, 2024 and 2023, respectively'
- LOWCustomerThe Home Depot, Inc.10-K Item 1A: 'Sales to The Home Depot, Inc. represented less than 10% of our consolidated net sales for fiscal 2025, 2024, and 2023'
- MEDIUMGeographicforeign manufacturing operations29%10-K Item 1A: 'Our foreign manufacturing operations accounted for approximately 28.9% of our net sales for the fiscal year ended May 31, 2025, not including exports directly from the United States which accounted for approximately 0.8% of our net sales for fiscal 2025.'
Material Events(8-K, last 90d)
- 2026-06-02Item 1.01LOWRPM amended its $300.0 million accounts receivable securitization facility on May 27, 2026, removing the SOFR credit spread adjustment and interest coverage ratio covenant, and adding a leverage ratio covenant (max 3.75x) triggered only if RPM loses investment-grade ratings from two agencies.SEC filing →
- 2026-04-23Item 5.02LOWRPM International appointed Thomas C. Gentile III, chairman/CEO of Hexcel Corporation, to its Board of Directors effective April 20, 2026. Routine board addition; no departure involved.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $103.23. At $107.00 the A.R:R is 0.9:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $103.23 (1 ATR pullback) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Thin upside margin: 6.1%; Weak growth. Chart setup: Death cross but MACD improving, RSI 46. Maintain position. Not compelling to add more. | News modifier +1 (HOLD_IF_HOLDING → STRONG_BUY_WAIT) Target $113.53 (+6.1%), stop $96.66 (−10.7%), A.R:R 0.9:1. Score 5.8/10, moderate confidence.
Take-profit target: $113.53 (+6.1% upside). Target $113.53 (+6.1%), stop $96.66 (−10.7%), A.R:R 0.9:1. Stop-loss: $96.66.
Thin upside margin: 6.1%; Weak growth.
RPM International Inc. trades at a P/E of 20.7 (forward 15.8). TrendMatrix value score: 6.2/10. Verdict: Buy (Wait for Entry).
21 analysts cover RPM with a consensus score of 4.0/5. Average price target: $131.
What does RPM International Inc. do?RPM International manufactures and markets specialty chemical product lines — including specialty paints,...
RPM International manufactures and markets specialty chemical product lines — including specialty paints, infrastructure rehab and repair products, protective coatings, roofing systems, and sealants and adhesives — across four segments serving construction, industrial, and consumer markets in roughly 163 countries. The company generated $7.4 billion in net sales for fiscal 2025 from about 118 manufacturing locations worldwide, with approximately 30% of sales from international markets.