Perma-Fix Environmental Services (PESI)
Market Price (12/29/2025): $12.83 | Market Cap: $237.0 MilSector: Industrials | Industry: Environmental & Facilities Services
Perma-Fix Environmental Services (PESI)
Market Price (12/29/2025): $12.83Market Cap: $237.0 MilSector: IndustrialsIndustry: Environmental & Facilities Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Sustainable Infrastructure, and Circular Economy & Recycling. Themes include Waste Management Solutions, and Advanced Recycling Technologies. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -20% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.8% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -26% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.0% | |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 15.76 | |
| Key risksPESI key risks include [1] significant delays to major government projects like the DFLAW facility, Show more. |
| Megatrend and thematic driversMegatrends include Sustainable Infrastructure, and Circular Economy & Recycling. Themes include Waste Management Solutions, and Advanced Recycling Technologies. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -20% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.8% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -26% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.0% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 15.76 |
| Key risksPESI key risks include [1] significant delays to major government projects like the DFLAW facility, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
During the approximate period from August 31, 2025, to December 29, 2025, Perma-Fix Environmental Services (PESI) experienced an 8.2% stock movement, influenced by several key developments:
1. Strong Q3 2025 Treatment Segment Performance: Perma-Fix reported a 45% year-over-year increase in revenue for its Treatment segment, reaching $13.1 million in the third quarter of 2025. This was accompanied by a significant improvement in the segment's gross margin to 17.3% from 4.5% in the prior year. Total revenue for Q3 2025 was $17.5 million, surpassing analyst estimates.
2. Improved Overall Profitability: The company's gross profit more than doubled to $2.6 million in Q3 2025, up from $1.3 million in the same period last year. Perma-Fix also narrowed its net loss significantly to $1.8 million, or $0.10 per basic share, outperforming EPS estimates.
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1. Strong Q3 2025 Treatment Segment Performance: Perma-Fix reported a 45% year-over-year increase in revenue for its Treatment segment, reaching $13.1 million in the third quarter of 2025. This was accompanied by a significant improvement in the segment's gross margin to 17.3% from 4.5% in the prior year. Total revenue for Q3 2025 was $17.5 million, surpassing analyst estimates.
2. Improved Overall Profitability: The company's gross profit more than doubled to $2.6 million in Q3 2025, up from $1.3 million in the same period last year. Perma-Fix also narrowed its net loss significantly to $1.8 million, or $0.10 per basic share, outperforming EPS estimates.
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Stock Movement Drivers
Fundamental Drivers
The 29.6% change in PESI stock from 9/28/2025 to 12/28/2025 was primarily driven by a 28.4% change in the company's P/S Multiple.| 9282025 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 9.93 | 12.87 | 29.61% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 60.02 | 60.66 | 1.07% |
| P/S Multiple | 3.05 | 3.92 | 28.40% |
| Shares Outstanding (Mil) | 18.45 | 18.47 | -0.13% |
| Cumulative Contribution | 29.61% |
Market Drivers
9/28/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| PESI | 29.6% | |
| Market (SPY) | 4.3% | 38.5% |
| Sector (XLI) | 3.0% | 29.3% |
Fundamental Drivers
The 23.4% change in PESI stock from 6/29/2025 to 12/28/2025 was primarily driven by a 21.2% change in the company's P/S Multiple.| 6292025 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 10.43 | 12.87 | 23.39% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 59.42 | 60.66 | 2.09% |
| P/S Multiple | 3.23 | 3.92 | 21.18% |
| Shares Outstanding (Mil) | 18.42 | 18.47 | -0.26% |
| Cumulative Contribution | 23.39% |
Market Drivers
6/29/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| PESI | 23.4% | |
| Market (SPY) | 12.6% | 28.8% |
| Sector (XLI) | 7.5% | 28.5% |
Fundamental Drivers
The 18.6% change in PESI stock from 12/28/2024 to 12/28/2025 was primarily driven by a 53.4% change in the company's P/S Multiple.| 12282024 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 10.85 | 12.87 | 18.62% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 67.13 | 60.66 | -9.64% |
| P/S Multiple | 2.55 | 3.92 | 53.45% |
| Shares Outstanding (Mil) | 15.80 | 18.47 | -16.89% |
| Cumulative Contribution | 15.23% |
Market Drivers
12/28/2024 to 12/28/2025| Return | Correlation | |
|---|---|---|
| PESI | 18.6% | |
| Market (SPY) | 17.0% | 28.3% |
| Sector (XLI) | 19.2% | 31.6% |
Fundamental Drivers
The 264.6% change in PESI stock from 12/29/2022 to 12/28/2025 was primarily driven by a 492.5% change in the company's P/S Multiple.| 12292022 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 3.53 | 12.87 | 264.59% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 70.96 | 60.66 | -14.51% |
| P/S Multiple | 0.66 | 3.92 | 492.46% |
| Shares Outstanding (Mil) | 13.30 | 18.47 | -38.92% |
| Cumulative Contribution | 209.37% |
Market Drivers
12/29/2023 to 12/28/2025| Return | Correlation | |
|---|---|---|
| PESI | 63.7% | |
| Market (SPY) | 48.4% | 29.6% |
| Sector (XLI) | 41.4% | 34.9% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PESI Return | -34% | 6% | -44% | 123% | 41% | 14% | 39% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| PESI Win Rate | 33% | 58% | 17% | 58% | 58% | 50% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| PESI Max Drawdown | -54% | -6% | -47% | 0% | -3% | -41% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | PESI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -57.9% | -25.4% |
| % Gain to Breakeven | 137.6% | 34.1% |
| Time to Breakeven | 85 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -55.1% | -33.9% |
| % Gain to Breakeven | 122.6% | 51.3% |
| Time to Breakeven | 1,100 days | 148 days |
| 2018 Correction | ||
| % Loss | -60.2% | -19.8% |
| % Gain to Breakeven | 151.2% | 24.7% |
| Time to Breakeven | 280 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -77.1% | -56.8% |
| % Gain to Breakeven | 336.8% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Perma-Fix Environmental Services's stock fell -57.9% during the 2022 Inflation Shock from a high on 3/19/2021. A -57.9% loss requires a 137.6% gain to breakeven.
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Perma-Fix Environmental Services, Inc., through its subsidiaries, operates as an environmental and technology know-how company in the United States. It operates in three segments: Treatment, Services, and Medical. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities. This segment is also involved in the research and development activities to identify, develop, and implement waste processing techniques for problematic waste streams. The Services segment provides technical services, including professional radiological measurement and site survey of government and commercial installations; integrated occupational safety and health services; and consulting, engineering, project and waste management, environmental, decontamination and decommissioning (D&D) field, technical, on-site waste management services, and management personnel and services. This segment also offers nuclear services, including technology-based services comprising engineering, D&D, specialty, construction, logistics, transportation, processing, and disposal; offers remediation of nuclear licensed and federal facilities, as well as cleanup of nuclear legacy sites; and owns an equipment calibration and maintenance laboratory that services, maintains, calibrates, and sources health physics, industrial hygiene, and customized nuclear, environmental, and occupational safety and health instrumentation. The Medical segment is involved in the research and development of medical isotope production technology. The company provides its services to research institutions, commercial companies, public utilities, and governmental agencies through direct sales to customers or through intermediaries. Perma-Fix Environmental Services, Inc. was incorporated in 1990 and is based in Atlanta, Georgia.
AI Analysis | Feedback
Here are 1-2 brief analogies for Perma-Fix Environmental Services (PESI):
- Clean Harbors for radioactive and complex hazardous waste.
- Waste Management, but exclusively for nuclear and highly dangerous industrial waste.
AI Analysis | Feedback
Here are the major products and services of Perma-Fix Environmental Services (PESI):- Nuclear Waste Services: Provides comprehensive treatment, storage, and disposal solutions for various types of radioactive waste, including low-level, mixed low-level, hazardous, and TENORM.
- Environmental Services: Offers site remediation, waste management, and professional consulting for hazardous and non-hazardous materials for government and commercial clients.
- Medical Isotope Production: Focuses on the production of medical isotopes, such as Technetium-99m, for diagnostic imaging and industrial applications.
AI Analysis | Feedback
Perma-Fix Environmental Services (PESI) primarily sells its services to other companies and government entities, making it a business-to-business (B2B) and business-to-government (B2G) company.
Based on their latest public filings (e.g., Form 10-K), their major customers and customer categories are:
- U.S. Department of Energy (DOE): This is Perma-Fix's single largest customer, consistently accounting for a significant majority of its total revenues (e.g., approximately 64% of total revenues for the fiscal year ended December 31, 2022). As a government agency, it does not have a stock symbol.
- Commercial Nuclear Utilities: This category represents the second largest group of customers for Perma-Fix. While specific individual utility names that account for 10% or more of revenue are not disclosed in public filings, the company notes that its top five non-DOE customers (primarily commercial utilities) collectively account for a substantial portion of its remaining revenue (e.g., approximately 18% of total revenues for the fiscal year ended December 31, 2022).
- Large Industrial Companies and Other Governmental Agencies: Perma-Fix also serves a diverse base of large industrial clients and other federal, state, and local governmental agencies. These customers, while important, individually or collectively represent a smaller portion of total revenue compared to the DOE and the aggregated commercial nuclear utilities.
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Mark Duff President and Chief Executive Officer
Mr. Duff has served as President and CEO of Perma-Fix Environmental Services since September 2017, having joined the company in 2016. He brings over 40 years of management and technical experience in the Department of Energy (DOE) and Department of Defense (DOD) environmental and construction markets. Prior to Perma-Fix, Mr. Duff was the Director of Environmental Management at Chicago Bridge & Iron Company and held project management roles at LATA Environmental Services of Kentucky, focusing on multi-million dollar contracts with the DOE, and at Babcock & Wilcox, where he was involved in the Fukushima Daiichi Reactor Recovery Program. He also held leadership positions at Safety and Ecology Corporation and SAIC, managing environmental programs for federal clients, and co-founded a consulting firm.
Ben Naccarato Executive Vice President and Chief Financial Officer
Mr. Naccarato serves as the Executive Vice President and Chief Financial Officer of Perma-Fix Environmental Services. No specific background information regarding founding or managing other companies, selling companies, or a pattern of managing companies backed by private equity firms was found in the provided search results.
Dr. Louis F. Centofanti Executive Vice President of Strategic Initiatives
Dr. Centofanti is the founder of Perma-Fix Environmental Services, establishing the company in 1991. He previously held the position of President and CEO of Perma-Fix from February 1991 to September 1995 and again from March 1996 to September 2017. In 1981, he co-founded PPM, Inc., a hazardous waste management company specializing in treating PCB-contaminated oil, which was later sold to USPCI, Inc. in 1985. From 1985 until joining Perma-Fix, he served as Senior Vice President of USPCI, Inc., a publicly-held hazardous waste management company. Dr. Centofanti also served as the Regional Administrator of the U.S. Department of Energy for the southeastern region of the United States from 1978 to 1981.
Troy Eshleman Chief Operating Officer
Mr. Eshleman has served as Perma-Fix's Chief Operating Officer since January 23, 2025. He has over 34 years of experience in radioactive waste management facility operations, environmental remediation, hazardous and radioactive material logistics, and facility decommissioning. Before joining Perma-Fix, Mr. Eshleman was President of Oakleaf Environmental, Inc., where he focused on mergers and acquisitions and business strategy. Prior to that, he spent 27 years with EnergySolutions, Inc., a privately-held nuclear services company, and its predecessor companies, holding various leadership positions including Senior Vice-President of Corporate Business Development and Strategy, Senior Vice President of Commercial Waste Processing, and Senior Vice-President of Global Logistics.
Richard Grondin Executive Vice President of Hanford and International Waste Operations
Mr. Grondin is a Project Management Professional with over 35 years of management and technical experience in the highly regulated radioactive/hazardous waste management industry. His experience largely involves managing start-up waste management processing and disposal facilities for four different organizations across commercial and government sectors.
AI Analysis | Feedback
The key risks to Perma-Fix Environmental Services (PESI) primarily revolve around its significant reliance on government contracts, its financial performance and capital structure, and the competitive nature of its operating markets.
- Dependence on Government Contracts and Regulatory Changes: Perma-Fix Environmental Services' business is heavily influenced by government contracts, particularly with the U.S. Department of Energy (DOE) for projects like the Direct-Feed Low-Activity Waste (DFLAW) program at the Hanford nuclear site. While this 10-year contract is anticipated to significantly increase revenue, delays in facility startup, such as the DFLAW facility's postponement to October 15, 2025, have created "near-term headwinds". Changes in government mandates, funding, or efficiency initiatives (such as those associated with the "Department of Government Efficiency" or "DOGE") could materially impact the company's projects and financial outlook.
- Financial Performance and Capital Needs: The company has faced concerns regarding its financial performance, with fiscal year 2024 results reportedly "much worse than anticipated". There is also a risk of a "softer FY25," which could lead to further financial challenges and potentially necessitate an "additional capital raise". Analysts have noted a "Balance Sheet Risk," highlighting that the company burned through $15.72 million of cash over the last year, with approximately 23 months of cash runway remaining. Additionally, shareholders have experienced dilution in the past year.
- Competitive Market and Profitability Challenges: Despite operating in a niche market for radioactive and mixed waste treatment, Perma-Fix faces competition within the broader environmental services sector. Some analyses suggest the company operates in a "competitive market" with "bad unit economics for an industrials business," indicating challenges in maintaining high gross margins. Furthermore, falling revenue and negative returns on capital have led to observations that the company may be "destroying value as demand fizzles out" and that management has "struggled to find compelling investment opportunities".
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AI Analysis | Feedback
Perma-Fix Environmental Services (PESI) operates primarily in two main market segments: nuclear waste management (including radioactive and mixed waste) and environmental remediation, which encompasses hazardous and non-hazardous waste treatment.
The addressable market sizes for these services are as follows:
- U.S. Environmental Remediation Market: This market is projected to grow from an estimated $23.37 billion in 2025 to approximately $38.53 billion by 2033, demonstrating a compound annual growth rate (CAGR) of 6.45%. Another estimate places the U.S. environmental remediation market at $26.3 billion in 2025. The North American environmental remediation market was valued at $53.0 billion in 2024.
- U.S. Hazardous Waste Management Market: This market generated revenues of $4.44 billion in 2024 and is expected to reach $6.08 billion by 2030, growing at a CAGR of 5.5% from 2025 to 2030.
- U.S. Nuclear Waste Management Market (or Radioactive Waste Management): This market is estimated at $1.23 billion in 2025 and is projected to grow to about $1.47 billion by 2034, with a CAGR of 1.97%. Another report values the U.S. radioactive waste management market at $1.74 billion in 2024. For North America specifically, the nuclear waste management market accounted for $4.89 billion in 2024.
AI Analysis | Feedback
Perma-Fix Environmental Services (PESI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives: * Increased Waste Volume and Backlog: The company anticipates continued improvement in its Treatment Segment through 2026, driven by higher waste volumes and a growing treatment backlog. This growth is observed in both government and commercial waste streams, indicating a diversification of their customer base. Perma-Fix's ability to convert this growing backlog into actual waste receipts is a critical factor for sustained revenue. * New Contract Execution, particularly DOE Projects: Significant growth is expected from new contract executions, specifically related to the Department of Energy (DOE) West Valley and Hanford Direct-Feed Low-Activity Waste (DFLAW) projects. The DFLAW facility at Hanford has begun hot commissioning, and Perma-Fix expects to support effluent treatment operations with initial waste receipts anticipated in late Q4 2025 or early 2026 as operations ramp up. * Expansion of PFAS Destruction Technology: Perma-Fix's PFAS (Per- and polyfluoroalkyl substances) destruction technology is progressing, with the first-generation Perma-FAS system operating reliably. The company is seeing expanding customer demand and a growing backlog for PFAS destruction, with a second-generation unit designed to triple capacity on track for commissioning in Q1 2026. This represents an exciting potential growth opportunity due to proven performance and increasing customer engagement. * Continued International Growth: The company highlights continued international growth as a key driver, particularly in Europe. Increased international shipments have already contributed to improved results in the Treatment Segment. * New Procurement Opportunities: Perma-Fix is actively pursuing new procurement opportunities for several large government and commercial projects expected to be awarded in 2025, which align with their core competencies. The company was also awarded a position on the Navy's RADMAC III Indefinite Delivery, Indefinite Quantity (IDIQ) contract, which is expected to provide a steady stream of task order bid opportunities.AI Analysis | Feedback
Share Repurchases
- On October 28, 2021, Perma-Fix Environmental Services authorized a share repurchase program to buy back up to $1.0 million of its common stock, replacing a 2017 program.
- As of March 31, 2025, approximately $0.66 million remained available under the 2021 Share Repurchase Program.
- The company maintains an evergreen share repurchase program, authorized in January 2014, to offset dilution from stock issuances under incentive plans.
Outbound Investments
- On July 30, 2024, Perma-Fix Environmental Services acquired the Environmental Waste Operations Center (EWOC) located near Oak Ridge, Tennessee, a facility it had previously leased for several years.
- This acquisition is a strategic move to enable investments in facility upgrades, targeting regional opportunities such as large-scale decontamination projects, waste processing, and future PFAS waste processing capabilities.
Capital Expenditures
- In the first quarter of 2025, Perma-Fix incurred higher operating expenses due to strategic investments focused on facility readiness for new waste streams and the expansion of its PFAS (Per- and polyfluoroalkyl substances) initiatives.
- The company completed key upgrades to its Perma-FAS system by May 2025, including a chemical recycling enhancement aimed at reducing operating costs and increasing margins for processed gallons.
- The acquisition of the EWOC facility in July 2024 solidifies plans for further investments in facility upgrades to enhance waste management and treatment capabilities.
Trade Ideas
Select ideas related to PESI. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.3% | 18.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.5% | 5.5% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 7.1% | 7.1% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.9% | 2.9% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 5.7% | 5.7% | -0.4% |
Research & Analysis
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Peer Comparisons for Perma-Fix Environmental Services
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.32 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 14.6% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Price Behavior
Price Behavior
| Market Price | $12.87 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 08/18/1995 | |
| Distance from 52W High | -16.5% | |
| 50 Days | 200 Days | |
| DMA Price | $13.25 | $10.74 |
| DMA Trend | up | up |
| Distance from DMA | -2.9% | 19.9% |
| 3M | 1YR | |
| Volatility | 64.0% | 62.7% |
| Downside Capture | 83.80 | 101.11 |
| Upside Capture | 191.96 | 102.29 |
| Correlation (SPY) | 39.3% | 28.4% |
PESI Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.60 | 1.95 | 1.70 | 1.80 | 0.88 | 0.98 |
| Up Beta | 8.89 | 4.63 | 4.46 | 3.17 | 0.94 | 1.05 |
| Down Beta | 0.47 | 2.28 | 2.41 | 2.35 | 0.61 | 0.90 |
| Up Capture | 149% | 185% | 48% | 104% | 76% | 136% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 10 | 24 | 36 | 68 | 124 | 366 |
| Down Capture | 311% | 61% | 51% | 106% | 108% | 95% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 10 | 18 | 27 | 55 | 118 | 371 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of PESI With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| PESI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 18.2% | 19.3% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 62.5% | 18.8% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.51 | 0.80 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 31.5% | 28.1% | 1.7% | 10.0% | 21.8% | 16.9% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of PESI With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| PESI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 15.4% | 13.8% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 58.1% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.48 | 0.65 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 23.0% | 20.2% | 4.8% | 6.8% | 17.5% | 9.5% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of PESI With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| PESI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 13.2% | 13.5% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 58.7% | 19.9% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.46 | 0.60 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 20.7% | 19.7% | 3.6% | 9.7% | 19.1% | 8.2% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/23/2023 | 3.1% | 26.1% | -10.9% |
| 1/6/2022 | 1.6% | 3.1% | -1.9% |
| 8/11/2021 | -1.5% | -2.2% | 7.9% |
| 3/29/2021 | 2.6% | 2.5% | 2.6% |
| 11/5/2020 | -9.3% | -0.9% | -4.2% |
| 8/7/2020 | 0.0% | -2.7% | -4.7% |
| 3/19/2020 | -2.8% | 26.4% | 38.4% |
| 11/7/2019 | 27.6% | 44.0% | 45.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 8 | 8 |
| # Negative | 5 | 6 | 6 |
| Median Positive | 2.0% | 12.6% | 8.6% |
| Median Negative | -6.8% | -3.6% | -4.5% |
| Max Positive | 27.6% | 44.0% | 45.6% |
| Max Negative | -13.3% | -9.4% | -28.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/10/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/07/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/08/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 03/13/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 11/13/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 08/08/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/09/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 03/13/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/02/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/03/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/10/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 03/23/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/03/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/05/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/05/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 04/06/2022 | 10-K (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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