Eastman Chemical
EMN · Specialty Chemicals
$64.93
0.6%RPM International
RPM · Specialty Chemicals
$98.74
2.9%The short version
- Eastman Chemical is the larger business, with $8.8B of revenue in fiscal 2025 against $7.9B for RPM International.
- RPM International grew revenue faster (6.7%, against −6.7%).
- RPM International turned more of its sales into free cash flow (8.6% FCF margin, against 4.8% FCF margin).
- RPM International earned a higher return on the capital invested in it (13.9%, against 6.5%).
- Investors pay more for each dollar of RPM International’s earnings: a P/E of 18.3x against 16.9x for Eastman Chemical.
| Latest fiscal year | EMN · FY25 | RPM · FY26 |
|---|---|---|
| Size | ||
| Market cap | $7.5B | $12.6B |
| Revenue | $8.8B | $7.9B |
| Free cash flow | $424M | $675M |
| Net income | $474M | $661M |
| Growth | ||
| Revenue growth | −6.7% | 6.7% |
| 5-year growth | 0.7% | 5.2% |
| Share count change | −2.0% | −0.5% |
| Profitability | ||
| Gross margin | 21.1% | 41.4% |
| Operating margin | — | — |
| Net margin | 5.4% | 8.4% |
| FCF margin | 4.8% | 8.6% |
| Return on capital | 6.5% | 13.9% |
| Return on equity | 8.1% | 21.4% |
| Balance sheet | ||
| Net debt | $4.2B | $2.2B |
| Net debt / EBITDA | 3.3x | 1.9x |
| Dividends and buybacks | $381M | $349M |
| Valuation & quality | ||
| P/E | 16.9x | 18.3x |
| Piotroski F-score | 5 | 6 |
FY17
EMN $9.5B
RPM $5.0B
FY18
EMN $10.2B
RPM $5.3B
FY19
EMN $9.3B
RPM $5.6B
FY20
EMN $8.5B
RPM $5.5B
FY21
EMN $10.5B
RPM $6.1B
FY22
EMN $10.6B
RPM $6.7B
FY23
EMN $9.2B
RPM $7.3B
FY24
EMN $9.4B
RPM $7.3B
FY25
EMN $8.8B
RPM $7.4B
FY26
EMN —
RPM $7.9B
EMN
RPM
FY17
EMN 16.0%
RPM —
FY18
EMN —
RPM —
FY19
EMN —
RPM —
FY20
EMN —
RPM —
FY21
EMN —
RPM —
FY22
EMN —
RPM —
FY23
EMN —
RPM —
FY24
EMN —
RPM —
FY25
EMN —
RPM —
FY26
EMN —
RPM —
EMN
RPM
FY17
EMN $1.0B
RPM $260M
FY18
EMN $1.0B
RPM $276M
FY19
EMN $1.1B
RPM $156M
FY20
EMN $1.1B
RPM $402M
FY21
EMN $1.1B
RPM $609M
FY22
EMN $364M
RPM −$43.7M
FY23
EMN $546M
RPM $323M
FY24
EMN $688M
RPM $908M
FY25
EMN $424M
RPM $538M
FY26
EMN —
RPM $675M
EMN
RPM
FY17
EMN 13.4%
RPM 8.7%
FY18
EMN 10.8%
RPM 12.8%
FY19
EMN 8.2%
RPM 9.7%
FY20
EMN 5.8%
RPM 10.5%
FY21
EMN 9.3%
RPM 15.3%
FY22
EMN 9.2%
RPM 13.5%
FY23
EMN 10.9%
RPM 12.5%
FY24
EMN 10.9%
RPM 15.1%
FY25
EMN 6.5%
RPM 16.1%
FY26
EMN —
RPM 13.9%
EMN
RPM
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.