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→Stable
- Price At Analyst Target Minimal Upside↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
RPM International Inc. (RPM) Stock Analysis
Basic Materials · Specialty Chemicals
Sell if holding. Momentum 1.6/10 is below the 5.0 floor at $103.43 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Thin upside margin: 9.8%; Concentration risk — Customer: key customers (Ace Hardware, Amazon, Home Depot, Lowe's) (65.0%).
RPM International manufactures specialty chemical products — paints, coatings, roofing systems, sealants, and adhesives — under brands including Rust-Oleum, DAP, Tremco, and Carboline, across four segments: Construction Products (38% of sales), Consumer (33%), Performance... Read more
Sell if holding. Momentum 1.6/10 is below the 5.0 floor at $103.43 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Thin upside margin: 9.8%; Concentration risk — Customer: key customers (Ace Hardware, Amazon, Home Depot, Lowe's) (65.0%). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.3/10, moderate confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 27d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. 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 2026-09-04Recent 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 2026-09-04T13:27:39Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMGeographicinternational markets30%10-K Item 1: 'Approximately 30% of our sales are generated in international markets through a combination of exports to and direct sales in foreign countries.'
- HIGHCustomerkey customers (Ace Hardware, Amazon, Home Depot, Lowe's)65%10-K Item 1A: 'Ace Hardware, Amazon, Do It Best, Hardlines Distribution, The Home Depot, Inc., Lowe's ... sales to these customers accounted for approximately 65%'
Material Events(8-K, last 90d)
- 2026-06-02Item 1.01LOWRPM amended its $300.0 million A/R securitization facility, removing the SOFR credit spread adjustment, eliminating the interest coverage covenant, and adding a leverage-ratio covenant (max 3.75x) if it loses investment-grade ratings from two agencies.SEC filing →
- 2026-04-23Item 5.02LOWRPM appointed Thomas C. Gentile III (Hexcel Corp. chairman/CEO) to its Board of Directors, effective April 20, 2026.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
2 floor-breakers
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
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
Sell if holding. Momentum 1.6/10 is below the 5.0 floor at $103.43 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Thin upside margin: 9.8%; Concentration risk — Customer: key customers (Ace Hardware, Amazon, Home Depot, Lowe's) (65.0%). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $98.04. Score 5.3/10, moderate confidence.
Take-profit target: $113.53 (+9.8% upside). Prior stop was $98.04. Stop-loss: $98.04.
Concentration risk — Customer: key customers (Ace Hardware, Amazon, Home Depot, Lowe's) (65.0%); Thin upside margin: 9.8%; Sector modifier (Basic Materials): -0.1.
RPM International Inc. trades at a P/E of 20.0 (forward 15.3). TrendMatrix value score: 6.4/10. Verdict: Sell.
21 analysts cover RPM with a consensus score of 4.1/5. Average price target: $131.
What does RPM International Inc. do?RPM International manufactures specialty chemical products — paints, coatings, roofing systems, sealants, and adhesives...
RPM International manufactures specialty chemical products — paints, coatings, roofing systems, sealants, and adhesives — under brands including Rust-Oleum, DAP, Tremco, and Carboline, across four segments: Construction Products (38% of sales), Consumer (33%), Performance Coatings (20%), and Specialty Products (9%). The company recorded $7.4 billion in net sales for fiscal 2025, about 30% from international markets.