RPM International Inc (RPM)
Pretax margin
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 792,760 | 783,662 | 826,292 | 809,134 | 787,837 | 755,198 | 714,104 | 693,415 | 649,382 | 664,420 | 662,430 | 650,449 | 606,799 | 589,375 | 604,738 | 608,540 | 668,438 | 611,040 | 571,488 | 506,285 |
| Revenue (ttm) | US$ in thousands | 7,372,650 | 7,298,830 | 7,345,250 | 7,292,210 | 7,335,280 | 7,343,330 | 7,336,530 | 7,335,960 | 7,256,420 | 7,224,100 | 7,141,800 | 6,989,630 | 6,707,730 | 6,468,150 | 6,303,670 | 6,150,050 | 6,106,300 | 5,820,950 | 5,725,530 | 5,640,900 |
| Pretax margin | 10.75% | 10.74% | 11.25% | 11.10% | 10.74% | 10.28% | 9.73% | 9.45% | 8.95% | 9.20% | 9.28% | 9.31% | 9.05% | 9.11% | 9.59% | 9.89% | 10.95% | 10.50% | 9.98% | 8.98% |
May 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $792,760K ÷ $7,372,650K
= 10.75%
The pretax margin of RPM International Inc. demonstrates a pattern of moderate fluctuation over the analyzed period from August 2020 through May 2025. Initially, the pretax margin increased from 8.98% in August 2020 to a peak of approximately 10.95% in May 2021, indicating an improvement in profitability relative to pre-tax earnings. Subsequently, there was a decline observed through late 2021 and into 2022, with margins falling to around 9.05% by May 2022 and marginally fluctuating around that level afterward.
From late 2022 onward, the pretax margin has trended upward again, reaching 10.28% in February 2024. This upward trajectory extends into the forecast period, with projections indicating continued improvement to approximately 10.75% by May 2025. The pattern suggests periods of rebound following declines, hinting at either operational adjustments, cost efficiencies, or revenue growth contributing to the margins.
Overall, RPM International Inc.’s pretax margin has shown resilience and variability within a range roughly between 8.98% and 11.25%. The recent trend toward incremental increases could reflect an improved cost structure or favorable market conditions. The current and forecasted margins indicate a relatively stable profitability posture, with the potential for marginal expansion in the near term.
Peer comparison
May 31, 2025