HIGHOutside partyCustomer
65%
key Consumer segment customers
“10-K Item 1A: 'our key customers in the Consumer reportable segment include Ace Hardware ... and Wal-Mart ... sales to these customers accounted for approximately 65% ... of net sales'”
RPM · Concentration risk · 10-K extracted
RPM International (RPM) concentration risks
Updated
The most significant concentration RPM International discloses is key Consumer segment customers at 65%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: RPM International’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH2
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
sole source suppliers
“10-K Item 1A: 'sole source suppliers, the unavailability of raw materials or increased prices of raw materials that we are unable to pass along to our customers could have a material adverse effect'”
MEDIUMBuilt-inGeographic
28.9%
foreign operations
“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'”
LOWOutside partyCustomer
22%
key Consumer segment customers consolidated
“10-K Item 1A: 'sales to these customers across all of our reportable segments accounted for approximately 22% ... of our consolidated net sales for the fiscal years ended May 31, 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company carries a layered concentration profile spanning customer, supplier, and geographic dimensions, with the most prominent exposure on the customer side of its Consumer reportable segment. Key customers in that segment accounted for approximately 65% of segment net sales — a high-share, dependency-type exposure where a small number of large retail relationships drive the majority of consumer channel revenue. Across all reportable segments, the same customer group represented approximately 22% of consolidated net sales — a low share at the enterprise level, which contextualizes the segment-level figure: the Consumer business is concentrated, but it sits within a larger diversified company. On the supply side, a high-share dependency on sole source suppliers exists for certain raw materials. The company identifies that the unavailability or price increases from these suppliers, when they cannot be passed through to customers, could have a material adverse effect. This is an idiosyncratic risk distinct from the customer concentration — a single-supplier failure could constrain production across multiple segments. The geographic dimension is medium-share and structural: foreign manufacturing operations accounted for approximately 28.9% of net sales for the fiscal year ended May 31, 2025, introducing currency, regulatory, and geopolitical exposures that are diffuse rather than pinpointed. In aggregate, the profile is most actionable at the Consumer segment customer level and the sole-source supply level, while the geographic exposure adds a macro-driven overlay. The low consolidated-level customer share limits the tail risk from any single retail account.
For the engine’s reasoning on RPM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Chemicals
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| RPM● | RPM International Inc. | 2 | 1 | 1 | 4 |
| APD | Air Products and Chemicals, Inc | 2 | 0 | 0 | 2 |
| ALB | Albemarle Corporation | 1 | 1 | 0 | 2 |
| AVNT | Avient Corporation | 1 | 0 | 0 | 1 |
| AXTA | Axalta Coating Systems Ltd. | 0 | 1 | 0 | 1 |
| ASH | Ashland Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.