What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does RPM International (RPM) spend its free cash flow?

For TTM through Q2 2026, RPM International generated $1.17B of operating cash flow and $949M of free cash flow — a free cash flow margin of 80.9% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did RPM International (RPM) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent RPM International's shareholder returns for TTM through Q2 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

RPM International (RPM) Cash Flow Waterfall

Operating CF

$1.17B

Capex

-$224M

Free Cash Flow

$949M

FCF Margin

+80.9%

Cash flow waterfall for RPM International (RPM) — TTM through Q2 2026

Free cash flow: $949M

Cash flow breakdown for RPM International (RPM) — TTM through Q2 2026

Line item	Amount	Running total
Operating Cash Flow	$1.17B	$1.17B
Capital Expenditure	-$224M	$949M
Free Cash Flow	$949M	$949M
Acquisitions	-$202M	$746M
Other Investing	$8.74M	$755M
Share Buybacks	-$84.9M	$670M
Dividends Paid	-$272M	$398M
Net Debt Change	-$104M	$294M
Other Financing & FX	-$36.5M	$257M
Net Cash Increase	$257M	$257M

Operating Cash Flow$1.17B
Capital Expenditure-$224M
Free Cash Flow$949M
Acquisitions-$202M
Other Investing$8.74M
Share Buybacks-$84.9M
Dividends Paid-$272M
Net Debt Change-$104M
Other Financing & FX-$36.5M
Net Cash Increase$257M

Want to see what drove the FCF change?Free Cash Flow Bridge

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