Tearsheet

Perimeter Solutions (PRM)

Market Price (12/4/2025): $27.72 | Market Cap: $4.1 Bil
Sector: Materials | Industry: Specialty Chemicals

Perimeter Solutions (PRM)

Market Price (12/4/2025): $27.72
Market Cap: $4.1 Bil
Sector: Materials
Industry: 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

0	Attractive cash flow generation CFO/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 highs Dist 52W High is -1.1%, Dist 3Y High is -1.1%	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 123x, P/EPrice/Earnings or Price/(Net Income) is 42x
1	Attractive yield FCF Yield is 5.2%		Stock price has recently run up significantly 6M Rtn6 month market price return is 125%, 12M Rtn12 month market price return is 108%
2	Low stock price volatility Vol 12M is 49%		Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 98%
3	Megatrend and thematic drivers Megatrends include Advanced Materials, Sustainable Resource Management, and US Energy Independence. Themes include Specialty Chemicals for Performance, Show more.

0	Attractive cash flow generation CFO/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%
1	Attractive yield FCF Yield is 5.2%
2	Low stock price volatility Vol 12M is 49%
3	Megatrend and thematic drivers Megatrends include Advanced Materials, Sustainable Resource Management, and US Energy Independence. Themes include Specialty Chemicals for Performance, Show more.
4	Trading close to highs Dist 52W High is -1.1%, Dist 3Y High is -1.1%
5	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 123x, P/EPrice/Earnings or Price/(Net Income) is 42x
6	Stock price has recently run up significantly 6M Rtn6 month market price return is 125%, 12M Rtn12 month market price return is 108%
7	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 98%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021	2020
Share Price CYE	$27.72	$12.78	$4.60	$9.14	$13.89
Market Cap CYE ($ Bil)	4.1	1.9	0.7	1.4	2.2	-
Total Debt ($ Bil)	0.7	0.7	0.7	0.7	0.7	0.7
Total Cash ($ Bil)	0.3	0.2	0.1	0.1	0.0	0.0
Enterprise Value ($ Bil)	4.4	2.6	1.4	2.1	2.9
Valuation Ratios
P/S TTM	5.2	3.3	2.2	4.1	6.4	0.0
P/EBIT TTM	123.6	-290.9	6.9	10.5	28.4	0.0
P/E TTM	42.3	-315.4	10.5	16.0	90.0	0.0
Sector Ratios
P/S TTM (Sector)	1.6	1.3	1.4	1.2	1.5	1.5
P/EBIT TTM (Sector)	6.7	6.9	6.7	4.9	6.0	8.8
P/E TTM (Sector)	-0.0	9.7	8.0	4.8	7.3	8.8

	12/4/25	2024	2023
Share Price CYE	$27.72	$12.78	$4.60
Market Cap CYE ($ Bil)	4.1	1.9	0.7
Total Debt ($ Bil)	0.7	0.7	0.7
Total Cash ($ Bil)	0.3	0.2	0.1
Enterprise Value ($ Bil)	4.4	2.6	1.4
Valuation Ratios
P/S TTM	5.2	3.3	2.2
P/EBIT TTM	123.6	-290.9	6.9
P/E TTM	42.3	-315.4	10.5
Sector Ratios
P/S TTM (Sector)	1.6	1.3	1.4
P/EBIT TTM (Sector)	6.7	6.9	6.7
P/E TTM (Sector)	-0.0	9.7	8.0

	PRM	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	0.6
Rev Chg Q	9.4%	7.1%
Rev Chg LTM	19.1%	6.1%
Rev Chg 3Y Avg	18.0%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	4.0%	18.8%
CFO/Rev LTM	33.6%	20.5%
Net Inc Mgn	12.3%	13.1%
VALUATION	HIGH
P/S	5.2	3.2
P/CFO	15.5	15.8
P/FCF	19.5	20.5
P/E	42.3	23.5
STABILITY	VERY GOOD
Debt/Equity	0.21	0.20
Cash/Assets	0.13	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Service Network Coverage	Over 150 air tanker bases in North America	2202025	Link
Number of Employees	319	12312024	Link
Wildfire Retardants Market Share	Near monopoly	11222022	Link
Oil Additives Market Share	70%	11222022	Link

Upcoming
2/19/2026	Earnings Release	Rev: - EPS: -

PRM Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points explaining the 23.2% stock movement for Perimeter Solutions (PRM) from August 31, 2025, to December 4, 2025: 1. Perimeter Solutions reported strong Third Quarter 2025 financial results on October 30, 2025, significantly exceeding analyst expectations. The company's Adjusted Earnings Per Share (EPS) of $0.82 beat the consensus estimate of $0.68, while revenue reached $315.44 million, surpassing the $238.27 million consensus. This strong performance, which was a material beat over Wall Street consensus, was highlighted as a primary catalyst for a notable pre-market stock surge.

2. The company secured a transformative five-year agreement with the United States Department of Agriculture (USDA) on September 3, 2025. This agreement is set to enhance national wildfire response capabilities and is projected to deliver over $150 million in savings to the federal government and taxpayers. The new contract strengthens Perimeter Solutions' market position in the fire safety segment and adds consistency and predictability to its revenue base.

3. Perimeter Solutions received multiple analyst upgrades and positive sentiment following its Q3 2025 earnings. UBS Group lifted its price target to $25.00 on September 30, 2025, and Zacks Research upgraded PRM from a "hold" to a "strong-buy" rating on October 24, 2025. Morgan Stanley also maintained an "overweight" rating with a $27.00 price target on October 17, 2025, contributing to a "Buy" consensus rating for the stock.

4. Strategic improvements in fire safety contracts and strong operational execution in the Fire Safety segment were noted as key drivers. Management commentary highlighted a deliberate shift towards fixed services revenue and structural contract changes designed to reduce variability tied to acres burned. The Fire Safety segment demonstrated robust adjusted EBITDA growth of 40% in Q2 2025, with continued progress on operational value drivers in Q3 2025.

5. The stock achieved a new 52-week high by late November 2025, reflecting a sustained bullish trend. Perimeter Solutions (PRM) traded as high as $27.76 on November 27, 2025. The consistent upward price movement, including a 23.8% increase over a 12-week period as of December 3, 2025, indicated continued investor confidence and strong underlying fundamentals.

Show less

Stock Movement Drivers

Fundamental Drivers

The 25.3% change in PRM stock from 9/3/2025 to 12/3/2025 was primarily driven by a 27.5% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	22.01	27.58	25.31%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	609.32	636.34	4.44%
Net Income Margin (%)	13.05%	12.26%	-6.04%
P/E Multiple	40.70	51.88	27.49%
Shares Outstanding (Mil)	147.06	146.80	0.17%
Cumulative Contribution			25.31%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
PRM	25.3%
Market (SPY)	6.2%	10.1%
Sector (XLB)	-2.2%	20.3%

Fundamental Drivers

The 125.1% change in PRM stock from 6/4/2025 to 12/3/2025 was primarily driven by a 280.2% change in the company's P/E Multiple.

	6042025	12032025	Change
Stock Price ($)	12.25	27.58	125.14%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	573.95	636.34	10.87%
Net Income Margin (%)	23.23%	12.26%	-47.21%
P/E Multiple	13.65	51.88	280.16%
Shares Outstanding (Mil)	148.56	146.80	1.18%
Cumulative Contribution			125.11%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
PRM	125.1%
Market (SPY)	15.1%	17.1%
Sector (XLB)	1.6%	28.3%

Fundamental Drivers

The 108.2% change in PRM stock from 12/3/2024 to 12/3/2025 was primarily driven by a 76.6% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	13.25	27.58	108.15%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	534.19	636.34	19.12%
P/S Multiple	3.60	6.36	76.64%
Shares Outstanding (Mil)	145.22	146.80	-1.09%
Cumulative Contribution			108.13%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
PRM	108.2%
Market (SPY)	14.3%	39.5%
Sector (XLB)	-4.3%	42.8%

Fundamental Drivers

The 153.0% change in PRM stock from 12/4/2022 to 12/3/2025 was primarily driven by a 497.4% change in the company's P/E Multiple.

	12042022	12032025	Change
Stock Price ($)	10.90	27.58	153.03%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	514.65	636.34	23.65%
Net Income Margin (%)	39.66%	12.26%	-69.08%
P/E Multiple	8.68	51.88	497.44%
Shares Outstanding (Mil)	162.64	146.80	9.73%
Cumulative Contribution			150.63%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
PRM	535.5%
Market (SPY)	53.2%	37.5%
Sector (XLB)	11.8%	45.4%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
PRM Return	-	-	-34%	-50%	178%	115%	98%
Peers Return	19%	41%	-40%	6%	21%	13%	46%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
PRM Win Rate	-	100%	25%	42%	67%	60%
Peers Win Rate	53%	62%	35%	47%	48%	46%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
PRM Max Drawdown	-	-	-49%	-68%	-12%	-29%
Peers Max Drawdown	-52%	-4%	-55%	-29%	-32%	-23%
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, SHW.
[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 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	PRM	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-79.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	388.0%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	609 days	464 days

Compare to FUL, GEVO, FSI, LOOP, SHW

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.

About Perimeter Solutions (PRM)

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Oil Additives. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers. The Oil Additives segment produces Phosphorus Pentasulfide which is primarily used in the preparation of lubricant additives, including a family of compounds called Zinc Dialkyldithiophosphates. The company offers its products under the brands PHOS-CHEK, FIRE-TROL, AUXQUIMIA, SOLBERG. and BIOGEMA. Perimeter Solutions, SA was founded in 1963 and is headquartered in Clayton, Missouri.

AI Generated Analysis | Feedback

Here are 1-3 brief analogies for Perimeter Solutions (PRM):

Like DuPont for fire suppression chemicals and foams.
Imagine Ecolab, but specialized in critical chemical solutions for fire safety and energy industries.
A specialized chemical company, similar to a focused 3M for large-scale fire protection products.

AI Generated Analysis | Feedback

Fire Retardants: Chemicals applied to wildland fuels to prevent or slow the spread of fires.
Fire Foam Suppressants: Foams used to extinguish fires by cooling, blanketing, or separating fuel from oxygen across various fire types.
Oil Additives: Specialty chemical additives that enhance the performance and longevity of lubricants and fuels for industrial and automotive applications.

AI Generated Analysis | Feedback

Perimeter Solutions (PRM) - Major Customers

Perimeter Solutions (PRM) primarily sells its products and services to other companies and governmental entities (B2B and B2G), rather than directly to individuals. While the company generally does not disclose the names of individual major corporate customers due to confidentiality and competitive reasons, its financial filings do identify one significant governmental customer and describe key customer categories.

Specific Major Customer:

U.S. Forest Service: This governmental agency is a major customer for Perimeter Solutions' long-term fire retardants, accounting for approximately 18% of the company's consolidated net sales in 2023. As a government agency, it does not have a public company stock symbol.

Major Customer Categories:

Beyond the U.S. Forest Service, Perimeter Solutions serves the following broad categories of customers. Specific company names within these categories are not publicly disclosed by PRM as major customers:

Other Governmental Agencies (Domestic & International): This includes state and local fire departments, other national and international wildfire management agencies, and military fire departments. They procure Perimeter Solutions' fire suppression foams and other fire safety products for various applications.
Oil & Gas Exploration & Production (E&P) Companies: These companies utilize Perimeter Solutions' drilling fluids, completion fluids, and production chemicals for their upstream operations globally.
Industrial & Petrochemical Companies: Various industrial facilities, including those in the petrochemical sector, chemical manufacturing, mining, airports, and maritime operations, purchase Perimeter Solutions' specialized foam concentrates and other fire protection solutions for their specific safety needs.

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

Haitham Khouri, Chief Executive Officer

Haitham Khouri joined Perimeter Solutions in 2021 upon its acquisition by EverArc Holdings, a company he founded, and previously served as Perimeter's Vice Chairman. He has over 15 years of experience as an investor in private and public companies, starting his career as an analyst at JP Morgan. Mr. Khouri led Perimeter's acquisition and public listing, and has been involved with Perimeter's operations, business unit reorganization, and capital allocation initiatives. Perimeter Solutions was initially established in 2018 by affiliates of private investment firm SK Capital Partners.

Kyle Sable, Chief Financial Officer and Principal Accounting Officer

Kyle Sable previously served as Vice President, Strategy and Corporate Development for Perimeter Solutions. Before joining the company, he was a Principal for Banbury Partners, an investment fund. Mr. Sable possesses more than 20 years of investing and strategy experience in private and public companies, having worked across several Tiger Management-heritage investment funds, Bain Capital Private Equity, and Bain & Company, indicating a pattern of managing companies backed by private equity firms.

Edward Goldberg, Vice Chairman

Edward Goldberg brings over 18 years of executive leadership in fire safety products and operations. Prior to joining Perimeter Solutions, he was Business Director for ICL Performance Additives and Solutions, where he held general management responsibility for ICL's global fire safety segment and is credited with building that business. He led the Perimeter Solutions business for two decades, including its carve-out into a stand-alone company and its transition to the public markets. Mr. Goldberg will step down as Vice Chairman effective March 31, 2026, and is expected to continue as a consultant.

Jeff Emery, President, Fire Safety

Jeff Emery joined Perimeter Solutions in 2022. His prior roles include serving as VP and General Manager of Industrial Automation for the Americas at Norgren, and spending 10 years with Scott Safety, a global leader in high-performance safety equipment. After 3M acquired Scott Safety, Mr. Emery led the global business unit within 3M through a period of significant growth.

Grant Bowman, President, Specialty Products

Grant Bowman joined Perimeter Solutions in 2024. Previously, he was a founder and Managing Partner of Hunter Capital Limited Partnership, a Managing Director at Blue Ridge Capital, and an Analyst at Lehman Brothers. He began his career as a member of the Pittsburgh Steelers.

AI Generated Analysis | Feedback

Increasing environmental scrutiny and potential regulatory actions regarding the ecological impact and safety of chemical fire retardants used in wildfire suppression. This trend could lead to stricter regulations, reduced demand for current chemical solutions, and accelerate the development and adoption of non-chemical or significantly greener alternatives, potentially disrupting Perimeter Solutions' core fire safety product lines.

AI Generated Analysis | Feedback

Perimeter Solutions (PRM) operates in two main segments: Fire Safety and Specialty Products.

Fire Safety Segment

This segment focuses on fire retardants, firefighting foams, and related equipment and services.

Global Flame Retardant Market: The global flame retardant market size was estimated at USD 9,867.1 million in 2024 and is projected to reach USD 18,098.1 million by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of 7.0% from 2025 to 2033. Other estimates for the global flame retardant market include USD 10.38 billion in 2024, anticipated to reach USD 16.96 billion by 2033 with a CAGR of 5.56% from 2025-2033.
U.S. Flame Retardant Market: The U.S. flame retardant market is projected to reach USD 1.99 billion by 2028. The U.S. flame retardant industry is expected to grow at a substantial CAGR of 6.7% from 2025 to 2033.
North American Flame Retardant Chemicals Market: The North American flame retardant chemicals market size was estimated at USD 2.36 billion in 2024 and is projected to reach USD 4.09 billion by 2033, with a CAGR of 5.67% from 2025 to 2034.
Asia Pacific Flame Retardant Market: Asia Pacific dominated the global flame retardant market with the largest revenue share of 44.0% in 2024 and over 57.6% in 2024. The market size for Asia Pacific was USD 5.59 billion in 2024 and is projected to reach approximately USD 11.17 billion by 2034.

Specialty Products Segment

This segment primarily focuses on Phosphorus Pentasulfide (P2S5)-based lubricant additives.

Global Specialty Chemicals Market (addressable for P2S5-based lubricant additives): The global specialty chemicals market size was valued at USD 978,973.1 million (approximately USD 979 billion) in 2024 and is projected to reach USD 1,312,777.3 million (approximately USD 1.31 trillion) by 2030, growing at a CAGR of 5% from 2025 to 2030. Other estimates for the global specialty chemicals market indicate a value of USD 904.45 billion in 2024, expected to reach approximately USD 1,332.04 billion by 2034, expanding at a CAGR of 3.94% from 2025 to 2034.
Asia Pacific Specialty Chemicals Market: Asia Pacific dominated the specialty chemicals market with the highest revenue share of 49.9% in 2023 and 41.05% in 2024. The market size for Asia Pacific was evaluated at USD 371.28 billion in 2024 and is predicted to be worth around USD 547.47 billion by 2034.

Intelligent Manufacturing Solutions (IMS)

This segment manufactures electronic or electro-mechanical components.

null

AI Generated Analysis | Feedback

Perimeter Solutions (PRM) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market dynamics:

Increased Demand for Fire Retardants and Services: The Fire Safety segment's revenue growth is significantly influenced by wildfire activity. Elevated wildfire seasons, particularly in North America (such as California, Texas, Oklahoma, Florida, and the Carolinas), directly translate into increased sales of fire retardant products and associated services. The company has also noted strong performance in its international retardant markets. Perimeter Solutions recently signed a major five-year contract with the U.S. Forest Service, expanding to new airbases, increasing fixed service revenue, and transitioning to powder-based products, which is expected to contribute to more predictable revenue.
Growth in Fluorine-Free Foam Suppressants: Perimeter Solutions anticipates continued growth in its suppressants business, benefiting from the industry's transition to fluorine-free foam, where the company holds a leading market position. The company expects an improvement in year-over-year performance for its suppressants business in the second and third quarters of 2025.
Strategic Acquisitions and Expansion within Intelligent Manufacturing Solutions (IMS): The company is actively investing in capital expenditures and acquisitions to fuel growth, particularly within its IMS division, which is part of the Specialty Products segment. Perimeter Solutions plans to accelerate investment in IMS acquisitions to expand its portfolio of proprietary components, which are electronic or electro-mechanical components for various end markets including medical, communications, energy, and defense systems. The IMS business saw growth from acquisitions in Q3 2025.
Operational Value Drivers and Contract Improvements: Perimeter Solutions' strategy centers on operational value drivers, including profitable new business, continual productivity improvements, and pricing products to their value. New contract structures in the retardant business are also making results more predictable and less dependent on the severity of the North American fire season, contributing to stable revenue generation.

AI Generated Analysis | Feedback

Share Repurchases

Perimeter Solutions repurchased approximately 12.2 million shares in 2023 at an average price of $5.24 per share, including 6.3 million shares in Q4 2023 at an average price of $4.21.
In Q1 2025, the company bought back about 0.9 million shares at an average price of $9.19.
The company's share repurchase authorization was expanded by $100 million in Q2 2025, bringing the total shares bought back since 2021 to over 25 million.

Share Issuance

Perimeter Solutions went public via a SPAC (Special Purpose Acquisition Company) transaction.
A "Founder Advisory Fee Agreement" may result in approximately 1.5% potential dilution annually until the end of 2027 through stock payments, based on a fixed annual fee.
As of February 18, 2025, there were 149,664,037 shares of common stock outstanding.

Inbound Investments

Perimeter Solutions became a public company through a business combination with EverArc Holdings, a special purpose acquisition company.

Outbound Investments

In Q1 2025, Perimeter Solutions acquired product lines for $10.0 million to integrate into its Intelligent Manufacturing Solutions (IMS) business.
In May 2025, the company settled trade secret litigation and acquired related assets for $20 million in cash from a subsidiary of Compass Minerals International, Inc.

Capital Expenditures

Capital expenditures were approximately $9.4 million for the full year 2023 and $8.61 million for the full year 2022.
In Q2 2025, $9.7 million was allocated to capital expenditures, focusing on supporting customer needs and driving productivity improvements.
Annual capital expenditures are expected to be between $15 million and $30 million.

Better Bets than Perimeter Solutions (PRM)

	PRM	Better Performance than PRM
Metric	Value	INDUSTRY: Specialty Chemicals
Rev Chg LTM	19.1%	LOOP (11012.0%), GEVO (341.8%), SNES (36.9%), ECVT (22.7%)
Rev Chg 3Y Avg	18.0%	LOOP (3661.4%), GEVO (729.7%), SNES (37.8%), MATV (20.1%)
Op Mgn LTM	4.0%	ECL (17.3%), DD (15.9%), SHW (15.8%), PPG (13.8%), IFF (7.9%)
CFO/Rev LTM	33.6%
FCF/Rev LTM	26.6%
Total Yield	2.4%	LYB (12.7%), PPG (6.8%), RPM (4.6%), SHW (3.9%), ECL (3.7%)
P/S	5.2	IFF (1.4), PPG (1.5), DD (2.4), SHW (3.7), ECL (4.9)
P/Op Inc	128.6	PPG (10.9), DD (15.2), IFF (17.9), SHW (23.2), ECL (28.6)

	PRM	Better Performance than PRM
Metric	Value	SECTOR: Materials
Rev Chg LTM	19.1%	AU (54.6%), FNV (41.1%), AEM (35.2%), KGC (32.9%), NEM (26.6%)
Rev Chg 3Y Avg	18.0%	SW (55.9%), KGC (29.5%), AU (26.4%), AEM (26.0%), NEM (23.9%)
Op Mgn LTM	4.0%	SCCO (50.3%), AEM (49.4%), NEM (43.5%), LIN (26.9%), SHW (15.8%)
CFO/Rev LTM	33.6%	FNV (84.7%), AEM (55.2%), NEM (42.9%), AU (39.7%), SCCO (37.4%)
FCF/Rev LTM	26.6%	OR (46.0%), KGC (34.8%), AEM (34.5%), NEM (28.5%), SCCO (28.2%)
Total Yield	2.4%	NEM (9.0%), SCCO (6.1%), AEM (4.9%), LIN (4.2%), SHW (3.9%)
P/S	5.2	CRH (2.2), B (2.6), SHW (3.7), NEM (4.3), ECL (4.9)
P/Op Inc	128.6	NEM (9.9), SCCO (16.1), AEM (16.2), SHW (23.2), LIN (25.0)

	PRM	Better Performance than PRM
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	19.1%	NVDA (71.6%), PLTR (47.2%), LLY (36.8%), AVGO (28.0%), META (21.3%)
Rev Chg 3Y Avg	18.0%	NVDA (92.0%), PLTR (29.3%), AVGO (24.0%), LLY (23.4%), BRK-B (19.8%)
Op Mgn LTM	4.0%	NVDA (58.1%), MSFT (46.3%), GOOGL (32.2%), AAPL (31.9%), AMZN (11.4%)
CFO/Rev LTM	33.6%	META (56.8%), MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%)
FCF/Rev LTM	26.6%	V (53.9%), MA (52.5%), PLTR (46.0%), NVDA (43.6%), AVGO (41.6%)
Total Yield	2.4%	GOOGL (4.6%), META (3.5%), MSFT (3.4%), AMZN (3.0%), AAPL (3.0%)
P/S	5.2	WMT (1.1), XOM (1.4), BRK-B (2.7), AMZN (3.5), JPM (4.9)
P/Op Inc	128.6	GOOGL (23.7), MSFT (28.3), AAPL (29.1), AMZN (30.7), NVDA (40.1)

		Best Bets In Materials Sector
	PRM
What You Pay
P/E	42.1
P/EBIT	123.0
What You Get
Rev Chg Q	9.4%
Rev Chg LTM	19.1%
Rev Chg 3Y Avg	18.0%
FCF/Rev 3Y Avg	19.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 11%, alpha of 1.8%, and sharpe of 0.46

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Can Perimeter Solutions Stock Hold Up When Markets Turn?	Return
2	PRM Dip Buy Analysis
3	Perimeter Solutions Stock Leaps 16% In One Month, Now Is Not The Time To Buy The Stock	Buy or Fear
4	Perimeter Solutions (PRM) Valuation Ratios Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to PRM. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	DD	DuPont de Nemours	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.1%	3.1%	-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	CF	CF Industries	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.5%	0.5%	-1.1%
HL_11212025_Quality_Momentum_RoomToRun_10%	11212025	HL	Hecla Mining	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	30.9%	30.9%	0.0%
CDE_11072025_Dip_Buyer_ValueBuy	11072025	CDE	Coeur Mining	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	12.7%	12.7%	-5.7%
ATR_10312025_Dip_Buyer_ValueBuy	10312025	ATR	AptarGroup	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	-2.5%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	DD	DuPont de Nemours	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.1%	3.1%	-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	CF	CF Industries	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.5%	0.5%	-1.1%
HL_11212025_Quality_Momentum_RoomToRun_10%	11212025	HL	Hecla Mining	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	30.9%	30.9%	0.0%
CDE_11072025_Dip_Buyer_ValueBuy	11072025	CDE	Coeur Mining	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	12.7%	12.7%	-5.7%
ATR_10312025_Dip_Buyer_ValueBuy	10312025	ATR	AptarGroup	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	-2.5%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Perimeter Solutions

Peers to compare with:

Financials

	PRM	FUL	GEVO	FSI	LOOP	SHW	Median
Name	Perimete.	H.B. Ful.	Gevo	Flexible.	Loop Ind.	Sherwin-.
Mkt Price	27.58	58.92	2.33	6.83	1.07	339.24	17.20
Mkt Cap	4.0	3.2	0.5	0.1	0.1	83.5	1.9
Rev LTM	636	3,502	80	37	11	23,276	358
Op Inc LTM	26	349	-49	6	-1	3,680	16
FCF LTM	169	121	-92	0	-1	2,426	61
FCF 3Y Avg	115	220	-109	1	-16	2,305	58
CFO LTM	214	242	-56	5	-1	3,294	109
CFO 3Y Avg	137	348	-55	6	-14	3,225	71

Growth & Margins

	PRM	FUL	GEVO	FSI	LOOP	SHW	Median
Name	Perimete.	H.B. Ful.	Gevo	Flexible.	Loop Ind.	Sherwin-.
Rev Chg LTM	19.1%	-1.3%	341.8%	-1.5%	11,012.0%	1.0%	10.0%
Rev Chg 3Y Avg	18.0%	-1.7%	729.7%	-2.0%	3,661.4%	2.4%	10.2%
Rev Chg Q	9.4%	-2.8%	725.3%	8.0%	-100.0%	3.2%	5.6%
QoQ Delta Rev Chg LTM	4.4%	-0.7%	90.8%	2.3%	-0.2%	0.8%	1.6%
Op Mgn LTM	4.0%	10.0%	-60.6%	16.0%	-13.3%	15.8%	7.0%
Op Mgn 3Y Avg	6.0%	10.5%	-494.2%	12.9%	-13,399.3%	15.8%	8.2%
QoQ Delta Op Mgn LTM	-8.7%	0.2%	126.0%	3.2%	16.5%	-0.0%	1.7%
CFO/Rev LTM	33.6%	6.9%	-70.4%	13.4%	-8.5%	14.2%	10.2%
CFO/Rev 3Y Avg	23.2%	9.8%	-303.8%	14.1%	-12,027.4%	13.9%	11.9%
FCF/Rev LTM	26.6%	3.5%	-114.6%	1.0%	-10.9%	10.4%	2.2%
FCF/Rev 3Y Avg	19.1%	6.2%	-691.7%	3.4%	-13,970.5%	10.0%	4.8%

Valuation

	PRM	FUL	GEVO	FSI	LOOP	SHW	Median
Name	Perimete.	H.B. Ful.	Gevo	Flexible.	Loop Ind.	Sherwin-.
Mkt Cap	4.0	3.2	0.5	0.1	0.1	83.5	1.9
P/S	5.2	0.9	3.8	1.6	6.4	3.7	3.7
P/EBIT	123.0	10.6	-6.4	10.5	-6.4	22.8	10.6
P/E	42.1	28.5	-5.3	20.2	-6.1	33.1	24.3
P/CFO	15.4	13.5	-5.4	12.3	-74.4	25.9	12.9
Total Yield	2.4%	4.7%	-19.0%	5.0%	-16.5%	3.9%	3.1%
Dividend Yield	0.0%	1.1%	0.0%	0.0%	0.0%	0.9%	0.0%
FCF Yield 3Y Avg	4.2%	5.7%	-49.1%	4.4%	-12.5%	2.9%	3.6%
D/E	0.2	0.6	0.6	0.1	0.0	0.2	0.2
Net D/E	0.1	0.6	0.4	-0.0	-0.1	0.2	0.1

Returns

	PRM	FUL	GEVO	FSI	LOOP	SHW	Median
Name	Perimete.	H.B. Ful.	Gevo	Flexible.	Loop Ind.	Sherwin-.
1M Rtn	16.3%	2.7%	2.6%	-23.0%	-35.2%	-1.6%	0.5%
3M Rtn	25.3%	0.3%	42.9%	-31.1%	-32.3%	-6.3%	-3.0%
6M Rtn	125.1%	6.0%	104.4%	56.7%	-31.8%	-5.9%	31.3%
12M Rtn	108.2%	-21.4%	57.4%	78.7%	-22.7%	-13.4%	22.0%
3Y Rtn	153.0%	-23.8%	8.9%	130.6%	-61.1%	35.2%	22.1%
1M Excs Rtn	16.4%	2.7%	2.7%	-23.0%	-35.1%	-1.6%	0.5%
3M Excs Rtn	18.4%	-8.8%	37.6%	-36.8%	-41.7%	-12.4%	-10.6%
6M Excs Rtn	110.4%	-8.7%	89.7%	41.9%	-46.6%	-20.6%	16.6%
12M Excs Rtn	101.9%	-35.7%	27.7%	54.9%	-41.3%	-27.4%	0.1%
3Y Excs Rtn	92.9%	-94.3%	-55.1%	68.2%	-132.9%	-30.9%	-43.0%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2020	12/31/2019
Filing Date	10/30/2025	2/20/2025	2/22/2024	3/1/2023	11/15/2021	3/31/2022
Key Financials
Total Revenue	636	561	322	361	340	239
EBITDA	97	59	168	206	135	50
Operating Income	26	-4	135	130	71	-6
Net Income	78	-6	67	92	24	-42
EPS	0.52	-0.04	0.44	0.57	0.15	-0.27
Growth Rates
Total Revenue Growth	19.1%	74.2%	-10.7%	6.2%	41.9%	-
EBITDA Growth	1520.5%	-64.7%	-18.4%	52.5%	169.9%	-
Operating Income Growth	134.5%	-102.8%	3.9%	82.0%	1337.3%	-
Net Income Growth	147.8%	-108.7%	-26.5%	278.4%	157.7%	-
Margins
EBITDA Margin	15.2%	10.6%	52.1%	57.0%	39.7%	20.9%
Operating Income Margin	4.0%	-0.7%	42.0%	36.1%	21.0%	-2.4%
Net Income Margin	12.3%	-1.1%	21.0%	25.5%	7.1%	-17.6%
Cash & Debt
Total Cash	341	198	53	127	22	10
Total Debt	708	693	690	684	687	730
Net Debt / (Cash)	367	494	637	558	665	720
Cash Flows
Net Cash from Operations	214	188	0	-40	71	-0
Free Cash from Operations	169	173	-9	-49	63	-9
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	12
Share Repurchases	40	14	64	49	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/30/2025	8/7/2025	5/8/2025	2/20/2025	11/12/2024	8/1/2024	5/9/2024	2/22/2024	11/9/2023	8/3/2023	5/10/2023	3/1/2023
Key Financials Quarterly
Total Revenue	315	163	72	86	288	127	59	59	143	76	44	41
Ebitda	-68	-6	96	76	-18	61	-60	9	50	79	29	-39
Operating Income	-87	-26	78	61	-35	45	-75	-9	68	63	13	-60
Net Income	-91	-32	57	144	-89	22	-83	-13	19	52	9	-60
EPS	-0.62	-0.22	0.38	0.98	-0.61	0.15	-0.57	-0.09	0.13	0.33	0.06	-0.38
Key Financials TTM
Total Revenue TTM	636	609	574	561	534	388	337	322	304	322	347	361
Ebitda TTM	97	148	215	59	-7	61	79	168	119	217	177	206
Operating Income TTM	26	78	149	-4	-74	29	47	135	84	148	100	130
Net Income TTM	78	80	133	-6	-163	-55	-25	67	20	107	64	92
Growth Rates Quarterly
Total Revenue Growth	9.4%	27.8%	22.0%	45.0%	102.2%	67.2%	34.6%	44.1%	-11.1%	-24.6%	-24.1%	-78.9%
EBITDA Growth	-289.3%	-109.8%	260.1%	698.5%	-135.3%	-22.9%	-303.7%	124.4%	-66.2%	104.2%	-49.7%	-141.4%
Operating Income Growth	-147.9%	-158.3%	203.9%	787.7%	-151.9%	-28.9%	-682.5%	85.1%	-48.2%	305.1%	-70.2%	-174.3%
Net Income Growth	-1.7%	-248.5%	168.7%	1188.8%	-562.4%	-58.4%	-975.4%	78.1%	-81.8%	482.7%	-74.5%	-216.1%
Margins Quarterly
EBITDA Margin	-21.7%	-3.7%	132.9%	87.7%	-6.1%	48.0%	-101.2%	15.9%	34.9%	104.1%	66.9%	-94.2%
Operating Income Margin	-27.7%	-16.1%	108.0%	71.1%	-12.2%	35.4%	-126.8%	-15.0%	47.6%	83.2%	29.3%	-144.8%
Net Income Margin	-28.7%	-19.8%	78.7%	167.2%	-30.9%	17.0%	-139.8%	-22.3%	13.5%	68.3%	21.5%	-146.2%
Cash & Debt
Total Cash	341	141	200	198	223	43	39	53	72	22	92	127
Total Debt	708	707	693	693	690	690	690	690	689	686	680	684
Net Debt / (Cash)	367	566	493	494	467	647	652	637	618	664	588	558
Cash Flows Quarterly
FCF from Operations	199	-3	24	-6	183	9	3	10	63	-41	-32	3
Cash Flows TTM
FCF from Operations TTM	214	198	209	188	205	85	35	0	-7	-24	-1	-40
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	32	8	-0	0	0	14	27	10	26	1	42
Return on Invested Capital (ROIC) Quarterly
ROIC	-16.6%	-4.7%	12.1%	11.6%	-6.8%	5.1%	-12.7%	-1.2%	10.0%	10.6%	2.2%	-9.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	1.3%	3.6%	7.1%	-0.0%	-3.6%	1.3%	1.8%	6.0%	3.7%	6.0%	4.0%	5.3%

Price Behavior

Price Behavior

Market Price	$27.58
Market Cap ($ Bil)	4.0
First Trading Date	11/09/2021
Distance from 52W High	-1.1%
	50 Days	200 Days
DMA Price	$23.81	$16.45
DMA Trend	up	up
Distance from DMA	15.8%	67.7%
	3M	1YR
Volatility	57.9%	49.3%
Downside Capture	52.43	73.78
Upside Capture	142.56	136.68
Correlation (SPY)	9.8%	39.5%

PRM Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.21	0.35	0.41	0.75	0.98	1.15
Up Beta	1.77	1.05	1.18	1.29	0.91	0.97
Down Beta	0.91	-0.62	-0.80	-0.02	1.02	1.08
Up Capture	171%	149%	134%	236%	176%	276%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	15	26	39	81	141	382
Down Capture	76%	5%	40%	-20%	80%	105%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	5	16	24	44	106	351

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

null

Based On 5-Year Data

null

Based On 10-Year Data

null

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	3,296,106
Short Interest: % Change Since 10312025	-9.1%
Average Daily Volume	1,139,641
Days-to-Cover Short Interest	2.89
Basic Shares Quantity	146,803,539
Short % of Basic Shares	2.2%

Returns Analyses

	Title
0	Can Perimeter Solutions Stock Hold Up When Markets Turn?

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	Filing Date	Action	Price	Shares	Transacted Value	Value of Held 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

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Perimeter Solutions (PRM)

Market Price (12/4/2025): $27.72 | Market Cap: $4.1 BilSector: Materials | Industry: Specialty Chemicals

Perimeter Solutions (PRM)

Market Price (12/4/2025): $27.72Market Cap: $4.1 BilSector: MaterialsIndustry: Specialty Chemicals

Valuation, Metrics & Events

PRM Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Perimeter Solutions (PRM)

Perimeter Solutions (PRM) - Major Customers

Specific Major Customer:

Major Customer Categories:

Fire Safety Segment

Specialty Products Segment

Intelligent Manufacturing Solutions (IMS)

Interactive Breakdown

Better Bets than Perimeter Solutions (PRM)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Perimeter Solutions

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/4/2025): $27.72 | Market Cap: $4.1 Bil
Sector: Materials | Industry: Specialty Chemicals

Market Price (12/4/2025): $27.72
Market Cap: $4.1 Bil
Sector: Materials
Industry: Specialty Chemicals