RPM International Inc (RPM)

Gross profit margin

May 31, 2025 May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021
Gross profit US$ in thousands 3,050,480 3,014,590 2,748,040 2,433,050 2,405,160
Revenue US$ in thousands 7,372,640 7,335,280 7,256,410 6,707,730 6,106,290
Gross profit margin 41.38% 41.10% 37.87% 36.27% 39.39%

May 31, 2025 calculation

Gross profit margin = Gross profit ÷ Revenue
= $3,050,480K ÷ $7,372,640K
= 41.38%

The gross profit margin of RPM International Inc has exhibited notable fluctuations over the specified period from May 31, 2021, to May 31, 2025. As of May 31, 2021, the gross profit margin was recorded at 39.39%. This metric experienced a decline in the subsequent year, decreasing to 36.27% by May 31, 2022. The margin then demonstrated a recovery during the following year, increasing to 37.87% as of May 31, 2023.

Moving forward to the most recent fiscal periods, there has been a significant improvement; the gross profit margin rose substantially to 41.10% by May 31, 2024. This upward trend continued into the latest measurement point, reaching 41.38% as of May 31, 2025. The overall trajectory indicates an initial decline followed by a steady improvement, ultimately surpassing the levels observed in 2021.

This pattern suggests that RPM International Inc has managed to enhance its gross profit margin over the recent years, particularly from 2023 onward, which may imply improvements in cost management, pricing strategies, or a favorable shift in the product mix. The increase in gross profit margin toward the 2024 and 2025 periods marks a positive development in the company's underlying profitability at the gross level.


Peer comparison

May 31, 2025

Company name
Symbol
Gross profit margin
RPM International Inc
RPM
41.38%
Axalta Coating Systems Ltd
AXTA
11.32%
PPG Industries Inc
PPG
41.61%