A Business at a Glance
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We are a leading provider of industrial products and services that support critical and complex customer missions across a range of niche applications. Our current operations span firefighting products, lubricant additives, electronic components and, following the acquisition of Medical Manufacturing Technologies, LLC (“MMT”) in January 2026, highly engineered machinery for the medical device industry. We develop products that address complex customer challenges where there is little margin for error. Our offerings are typically a small part of a much broader solution that serves a growing end market. Our goal is to meet customer needs better than any alternative in every market we serve.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 653M | 653M | 561M | 322M | 361M | 341M |
| Net Income | -206M | -206M | -5.9M | 67M | 92M | 21M |
| EPS | $-1.37 | $-1.37 | $-0.04 | $0.41 | $0.52 | $0.12 |
| Free Cash Flow | 209M | 209M | 173M | -9.2M | -49M | 60M |
| ROIC | -10.5% | -11.4% | -0.3% | 5.4% | 7.8% | 3.7% |
| Gross Margin | 57.5% | 57.5% | 56.5% | 39.8% | 39.6% | 49.6% |
| Debt/Equity | 0.62 | 0.62 | 0.59 | 0.59 | 0.60 | 0.61 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -201M | -201M | -3.8M | 94M | 130M | 81M |
| Operating Margin | -30.8% | -30.8% | -0.7% | 29.3% | 36.1% | 23.6% |
| ROE | -18.2% | -18.0% | -0.5% | 5.9% | 8.1% | 1.9% |
| Shares Outstanding | 151M | 151M | 148M | 165M | 176M | 159M |
| Metric | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 340M | 341M | 361M | 322M | 561M | 653M | 653M |
| Gross Margin | 47.7% | 49.6% | 39.6% | 39.8% | 56.5% | 57.5% | 57.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 38M | 39M | 74M | 47M | 67M | 78M | 78M |
| EBIT | 71M | 81M | 130M | 94M | -3.8M | -201M | -201M |
| Op. Margin | 21.0% | 23.6% | 36.1% | 29.3% | -0.7% | -30.8% | -30.8% |
| Net Income | 24M | 21M | 92M | 67M | -5.9M | -206M | -206M |
| Net Margin | 7.1% | 6.0% | 25.5% | 21.0% | -1.1% | -31.6% | -31.6% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | 5.3% | 3.7% | 7.8% | 5.4% | -0.3% | -11.4% | -10.5% |
| ROE | 8.3% | 1.9% | 8.1% | 5.9% | -0.5% | -18.0% | -18.2% |
| ROA | 2.1% | 0.8% | 3.7% | 2.9% | -0.2% | -8.1% | -7.8% |
| Cash Flow | |||||||
| Op. Cash Flow | 71M | 68M | -40M | 193K | 188M | 238M | 238M |
| Free Cash Flow | 63M | 60M | -49M | -9.2M | 173M | 209M | 209M |
| Owner Earnings | 13M | 16M | -121M | -66M | 110M | 147M | 147M |
| CapEx | 7.5M | 8.3M | 8.6M | 9.4M | 16M | 30M | 30M |
| Maint. CapEx | 58M | 52M | 66M | 65M | 66M | 74M | 74M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 58M | 52M | 66M | 65M | 66M | 74M | 74M |
| CapEx/OCF | N/A | 12.2% | N/A | 4888.6% | 8.2% | 12.4% | 12.4% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 49M | 64M | 14M | 40M | 40M |
| Buyback Yield | N/A | N/A | 3.2% | 8.3% | 0.8% | 1.0% | 1.1% |
| Stock-Based Comp | 0 | 156K | 15M | 1.6M | 13M | 17M | 17M |
| Debt Repayment | 97M | 20M | 0 | 0 | 0 | 2.2M | 2.2M |
| Balance Sheet | |||||||
| Net Debt | 649M | 213M | 427M | 587M | 287M | 46M | 372M |
| Cash & Equiv. | 22M | 226M | 127M | 47M | 198M | 326M | 326M |
| Long-Term Debt | 681M | 664M | 665M | 666M | 668M | 669M | 669M |
| Debt/Equity | 2.38 | 0.61 | 0.60 | 0.59 | 0.59 | 0.62 | 0.62 |
| Interest Coverage | 1.7 | 2.1 | 3.1 | 2.3 | -0.1 | -5.1 | -5.1 |
| Equity | 291M | 1.1B | 1.1B | 1.2B | 1.2B | 1.1B | 1.1B |
| Total Assets | 1.1B | 2.6B | 2.5B | 2.3B | 2.4B | 2.7B | 2.7B |
| Total Liabilities | 847M | 1.5B | 1.3B | 1.2B | 1.3B | 1.5B | 1.5B |
| Intangibles | 304M | 1.1B | 1.0B | 945M | 898M | 899M | 899M |
| Retained Earnings | -48M | -739M | -648M | -581M | -587M | -793M | -793M |
| Working Capital | 100M | 271M | 234M | 196M | 332M | 389M | 389M |
| Current Assets | 133M | 372M | 309M | 251M | 394M | 564M | 564M |
| Current Liabilities | 33M | 100M | 74M | 55M | 62M | 175M | 175M |
| Per Share Data | |||||||
| EPS | 0.15 | 0.12 | 0.52 | 0.41 | -0.04 | -1.37 | -1.37 |
| Owner EPS | 0.08 | 0.10 | -0.68 | -0.40 | 0.74 | 0.98 | 0.98 |
| Book Value | 1.79 | 6.82 | 6.45 | 7.00 | 7.84 | 7.52 | 7.52 |
| Cash Flow/Share | 0.43 | 0.43 | -0.23 | 0.00 | 1.28 | 1.58 | -0.88 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 163.2M | 158.6M | 176.5M | 164.6M | 147.6M | 150.6M | 150.6M |
| Valuation | |||||||
| P/E Ratio | N/A | 120.2 | 16.9 | 11.5 | N/A | N/A | -18.6 |
| P/FCF | N/A | 37.2 | N/A | N/A | 11.1 | 20.3 | 18.4 |
| EV/EBIT | N/A | 30.2 | 15.2 | 14.4 | N/A | N/A | N/A |
| Price/Book | N/A | 2.1 | 1.4 | 0.7 | 1.7 | 3.7 | 3.4 |
| Price/Sales | N/A | 5.8 | 5.2 | 3.2 | 2.4 | 3.9 | 5.9 |
| FCF Yield | N/A | 2.7% | -3.2% | -1.2% | 9.0% | 4.9% | 5.4% |
| Market Cap | N/A | 2.2B | 1.5B | 774M | 1.9B | 4.2B | 3.8B |
| Avg. Price | N/A | 12.53 | 10.64 | 6.21 | 9.07 | 16.71 | 25.44 |
| Year-End Price | N/A | 14.00 | 8.77 | 4.70 | 12.97 | 28.08 | 25.44 |
Perimeter Solutions, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 18.4x vs a median of 20.3x. The company's 5-year average ROIC is 1.1% with a gross margin of 48.6%. Total shareholder yield (buybacks) is 1.1%. At current prices, the estimated annualized return to fair value is +39.3%.
Perimeter Solutions, Inc. (PRM) has a 5-year average return on invested capital (ROIC) of 1.1%. This is below average and may indicate limited pricing power.
Perimeter Solutions, Inc. (PRM) has a market capitalization of $3.8B. It is classified as a mid-cap stock.
Perimeter Solutions, Inc. (PRM) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.05%.
Perimeter Solutions, Inc. (PRM) operates in the Chemicals & Allied Products industry, within the Materials sector.
Perimeter Solutions, Inc. (PRM) reported annual revenue of $653 million in its most recent fiscal year, based on SEC EDGAR filings.
Perimeter Solutions, Inc. (PRM) has a net profit margin of -31.6%. The company is currently unprofitable.
Perimeter Solutions, Inc. (PRM) generated $209 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Perimeter Solutions, Inc. (PRM) has a debt-to-equity ratio of 0.62. This indicates moderate leverage.
Perimeter Solutions, Inc. (PRM) reported earnings per share (EPS) of $-1.37 in its most recent fiscal year.
Perimeter Solutions, Inc. (PRM) has a return on equity (ROE) of -18.0%. A negative ROE may indicate losses or negative equity.
Perimeter Solutions, Inc. (PRM) has a 5-year average gross margin of 48.6%. This indicates decent pricing power.
The Ledger Terminal provides 6 years of financial data for Perimeter Solutions, Inc. (PRM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Perimeter Solutions, Inc. (PRM) has a book value per share of $7.52, based on its most recent annual SEC filing.