Perimeter Solutions (PRM)
Market Price (11/14/2025): $25.1 | Market Cap: $3.7 BilSector: Materials | Industry: Specialty Chemicals
Perimeter Solutions (PRM)
Market Price (11/14/2025): $25.1Market Cap: $3.7 BilSector: MaterialsIndustry: Specialty Chemicals
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27% | Trading close to highsDist 52W High is -2.6%, Dist 3Y High is -2.6% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 141x, P/EPrice/Earnings or Price/(Net Income) is 48x |
| Megatrend and thematic driversMegatrends include Advanced Materials, Sustainable Resource Management, and US Energy Independence. Themes include Specialty Chemicals for Performance, Show more. | Stock price has recently run up significantly6M Rtn6 month market price return is 114%, 12M Rtn12 month market price return is 112% | |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 98% | ||
| 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 -2.0% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27% |
| Megatrend and thematic driversMegatrends include Advanced Materials, Sustainable Resource Management, and US Energy Independence. Themes include Specialty Chemicals for Performance, Show more. |
| Trading close to highsDist 52W High is -2.6%, Dist 3Y High is -2.6% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 141x, P/EPrice/Earnings or Price/(Net Income) is 48x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 114%, 12M Rtn12 month market price return is 112% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 98% |
| 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 -2.0% |
Market Valuation & Key Metrics
PRM Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are the key points explaining why Perimeter Solutions (PRM) stock moved by 59.1% during the approximate time period from July 31, 2025, to November 14, 2025:
1. Strong Second Quarter 2025 Financial Results. Perimeter Solutions reported robust financial performance for the second quarter of 2025, with net sales increasing 28% to $162.6 million and Adjusted EBITDA rising 41% to $91.3 million. The company's Adjusted Earnings Per Share (EPS) for the quarter was $0.39, an increase from $0.25 in the prior-year quarter.
2. Historic Five-Year Agreement with USDA. On September 3, 2025, Perimeter Solutions announced a significant five-year agreement with the United States Department of Agriculture (USDA) to enhance wildfire response capabilities. This transformative contract is expected to deliver over $150 million in total savings to the federal government and taxpayers, and it provides unprecedented stability to the nation's aerial firefighting infrastructure, including a full conversion to Perimeter's powder retardant technology.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PRM Return | - | - | -34% | -50% | 178% | 101% | 85% |
| Peers Return | 13% | 33% | -49% | -10% | 5% | 3% | -25% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 15% | 109% |
Monthly Win Rates [3] | |||||||
| PRM Win Rate | - | 100% | 25% | 42% | 67% | 60% | |
| Peers Win Rate | 43% | 52% | 37% | 47% | 45% | 42% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| PRM Max Drawdown | - | - | -49% | -68% | -12% | -29% | |
| Peers Max Drawdown | -46% | -2% | -62% | -40% | -46% | -41% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: FUL, GEVO, FSI, LOOP, BON.
[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 11/13/2025 (YTD)
How Low Can It Go
| Event | PRM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -79.5% | -25.4% |
| % Gain to Breakeven | 388.0% | 34.1% |
| Time to Breakeven | 609 days | 464 days |
Compare to FUL, GEVO, FSI, LOOP, BON
In The Past
Perimeter Solutions's stock fell -79.5% during the 2022 Inflation Shock from a high on 1/4/2022. A -79.5% loss requires a 388.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to PRM. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 3.6% | 3.6% | -2.5% |
| 10312025 | SLGN | Silgan | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -0.3% | -0.3% | -1.5% |
| 10242025 | TGLS | Tecnoglass | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -25.2% | -25.2% | -25.2% |
| 10242025 | NEM | Newmont | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 7.6% | 7.6% | -5.7% |
| 10242025 | RGLD | Royal Gold | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 3.8% | 3.8% | -7.3% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 3.6% | 3.6% | -2.5% |
| 10312025 | SLGN | Silgan | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -0.3% | -0.3% | -1.5% |
| 10242025 | TGLS | Tecnoglass | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -25.2% | -25.2% | -25.2% |
| 10242025 | NEM | Newmont | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 7.6% | 7.6% | -5.7% |
| 10242025 | RGLD | Royal Gold | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 3.8% | 3.8% | -7.3% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Perimeter Solutions
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 5.01 |
| Mkt Cap | 0.5 |
| Rev LTM | 80 |
| Op Inc LTM | 6 |
| FCF LTM | 0 |
| FCF 3Y Avg | 1 |
| CFO LTM | 5 |
| CFO 3Y Avg | 6 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 19.1% |
| Rev Chg 3Y Avg | 18.0% |
| Rev Chg Q | 8.0% |
| QoQ Delta Rev Chg LTM | 2.3% |
| Op Mgn LTM | 4.0% |
| Op Mgn 3Y Avg | 6.0% |
| QoQ Delta Op Mgn LTM | 3.2% |
| CFO/Rev LTM | 6.9% |
| CFO/Rev 3Y Avg | 9.8% |
| FCF/Rev LTM | 1.0% |
| FCF/Rev 3Y Avg | 3.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.5 |
| P/S | 5.2 |
| P/EBIT | 10.3 |
| P/E | 27.8 |
| P/CFO | 13.2 |
| Total Yield | 2.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 4.2% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -14.2% |
| 3M Rtn | 7.5% |
| 6M Rtn | 80.0% |
| 12M Rtn | 17.1% |
| 3Y Rtn | -17.7% |
| 1M Excs Rtn | -14.4% |
| 3M Excs Rtn | 4.6% |
| 6M Excs Rtn | 66.1% |
| 12M Excs Rtn | -3.5% |
| 3Y Excs Rtn | -89.4% |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/30/2025 | 21.1% | 17.2% | |
| 8/7/2025 | 6.6% | 17.0% | 41.4% |
| 5/8/2025 | 14.8% | 15.0% | 24.9% |
| 2/20/2025 | -8.0% | -12.0% | -20.9% |
| 11/12/2024 | -13.1% | -12.4% | -6.5% |
| 8/1/2024 | 10.7% | 2.9% | 18.1% |
| 5/9/2024 | -3.3% | 5.0% | -7.2% |
| 2/22/2024 | 6.0% | 5.8% | 11.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 8 |
| # Negative | 6 | 4 | 8 |
| Median Positive | 8.7% | 7.8% | 21.5% |
| Median Negative | -5.6% | -11.5% | -7.8% |
| Max Positive | 23.5% | 39.3% | 51.3% |
| Max Negative | -13.1% | -12.4% | -20.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10302025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5082025 | 10-Q 3/31/2025 |
| 12312024 | 2202025 | 10-K 12/31/2024 |
| 9302024 | 11122024 | 10-Q 9/30/2024 |
| 6302024 | 8012024 | 10-Q 6/30/2024 |
| 3312024 | 5092024 | 10-Q 3/31/2024 |
| 12312023 | 2222024 | 10-K 12/31/2023 |
| 9302023 | 11092023 | 10-Q 9/30/2023 |
| 6302023 | 8032023 | 10-Q 6/30/2023 |
| 3312023 | 5102023 | 10-Q 3/31/2023 |
| 12312022 | 3012023 | 10-K 12/31/2022 |
| 9302022 | 11042022 | 10-Q 9/30/2022 |
| 6302022 | 8052022 | 10-Q 6/30/2022 |
| 3312022 | 5102022 | 10-Q 3/31/2022 |
| 9302021 | 12142021 | 10-Q 9/30/2021 |
Insider Activity
Expand for More| Owner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | Raj Vivek | 9152025 | Sell | 22.45 | 25,000 | 561,250 | 2,732,187 | Form | |
| 1 | Raj Vivek | 5232025 | Sell | 11.70 | 32,000 | 374,400 | 797,144 | Form | |
| 2 | Raj Vivek | 5202025 | Sell | 11.74 | 100,000 | 1,174,000 | 3,157,379 | Form | |
| 3 | Raj Vivek | 5152025 | Sell | 12.22 | 2,284 | 27,910 | 5,730,471 | Form | |
| 4 | Raj Vivek | 3172025 | Sell | 9.17 | 250,000 | 2,292,500 | 4,321,142 | Form |
External Quote Links
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| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |