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↓Deteriorating
- Earnings Variability Below Expectations↓Deteriorating
- Price At Analyst Target Minimal Upside↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
RPM International Inc. (RPM) Stock Analysis
Recovery setup
Basic Materials · Specialty Chemicals
Sell if holding. Multiple concerning factors at $100.09: Below 200-day MA; Sector modifier (Basic Materials): -0.1.
RPM International makes specialty coatings, sealants and building materials across consumer, construction products, performance coatings and specialty products segments, with fiscal 2025 net sales of $7.4 billion. About 30% of sales come from international markets. Consumer... Read more
Sell if holding. Multiple concerning factors at $100.09: Below 200-day MA; Sector modifier (Basic Materials): -0.1. Chart setup: Death cross but MACD improving, RSI 49. Score 5.6/10, moderate confidence.
Passes 6/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, earnings proximity 82d clear, semi cycle peak clear, materials cycle peak clear). Suitability: moderate.
About RPM International Inc.
About RPM International Inc.
RPM International generated $7.4 billion in net sales for the fiscal year ended May 31, 2025, split across four segments: Construction Products (about 38%), Consumer (33%), Performance Coatings (20%), and Specialty Products (9%). The company operates roughly 118 manufacturing plants in 21 countries and markets products in about 163 countries, sourcing raw materials that are largely petroleum-based derivatives, minerals, and metals.
RPM's Consumer segment sells directly to mass merchandisers, home improvement centers, and hardware stores, while its Construction Products, Performance Coatings, and Specialty Products segments sell through contractors, distributors, and industrial end-users such as manufacturing facilities and public institutions. Roughly 22% of consolidated net sales in fiscal 2025 came from ten key customers — including The Home Depot, Lowe's, Amazon, and Wal-Mart — concentrated mostly in the Consumer segment, where these same customers made up about 65% of segment net sales; The Home Depot alone represented 24% of Consumer segment net sales. Raw material costs, largely petroleum-based derivatives, minerals, and metals, are managed through multi-source contracts, though the company still flags sole-source suppliers and tariff-driven cost increases as risks. RPM competes against larger, better-capitalized rivals including Akzo Nobel, PPG Industries, and The Sherwin-Williams Company across fragmented paint, coatings, adhesives, and sealants markets.
Show full overview
RPM's exposure outside the U.S. is more manufacturing-driven than a single-country dependency: foreign manufacturing operations accounted for approximately 28.9% of net sales in fiscal 2025, spread across roughly 21 countries including Argentina, Brazil, Germany, India, and South Korea, with direct U.S. exports adding another 0.8%. The 10-K pairs that footprint with $2.4 billion in goodwill and other intangible assets subject to annual impairment testing and $2.6 billion in total debt at May 31, 2025 — a combination that leaves currency swings, tariff actions, and any reporting-unit downturn as potential triggers for both earnings volatility and a goodwill write-down, rather than a single named country risk.
See also: Basic Materials · Specialty Chemicals
From RPM International Inc.'s most recent 10-K filing, extracted August 30, 2026.
Recent developments
updated 2026-10-16Recent 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 2026-10-16T11:42:17Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomercustomers across all reportable segments22%10-K Item 1A: 'sales to these customers across all of our reportable segments accounted for approximately 22%, 24% and 25%'
Material Events(8-K, last 90d)
- 2026-06-02Item 1.01LOWOn May 27, 2026 RPM amended its existing $300.0 million accounts receivable securitization facility (Amendment No. 11), including removing the credit spread adjustment for SOFR-based credit extensions.SEC filing →
- 2026-06-02Item 5.02LOWItem 5.02 listed on the filing alongside the A/R facility amendment; body excerpt shows no executive departure detail.SEC filing →
- 2026-04-23Item 5.02LOWOn April 20, 2026 the Board appointed Thomas C. Gentile, III (Hexcel chairman, CEO and president) to the Board, effective immediately.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
10 dimensions · all in-band
Price Targets
Position Sizing
Analyst Consensus
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Multiple concerning factors at $100.09: Below 200-day MA; Sector modifier (Basic Materials): -0.1. Chart setup: Death cross but MACD improving, RSI 49. Prior stop was $94.93. Score 5.6/10, moderate confidence.
Take-profit target: $111.15 (+11.1% upside). Prior stop was $94.93. Stop-loss: $94.93.
Sector modifier (Basic Materials): -0.1; Below 200-day MA.
RPM International Inc. trades at a P/E of 18.5 (forward 15.1). TrendMatrix value score: 6.5/10. Verdict: Sell.
21 analysts cover RPM with a consensus score of 4.1/5. Average price target: $124.
What does RPM International Inc. do?RPM International makes specialty coatings, sealants and building materials across consumer, construction products,...
RPM International makes specialty coatings, sealants and building materials across consumer, construction products, performance coatings and specialty products segments, with fiscal 2025 net sales of $7.4 billion. About 30% of sales come from international markets. Consumer products are sold through home-improvement retailers and distributors.