Tearsheet

Perimeter Solutions (PRM)

Market Price (12/28/2025): $28.07 | Market Cap: $4.1 Bil
Sector: Materials | Industry: Specialty Chemicals

Perimeter Solutions (PRM)

Market Price (12/28/2025): $28.07
Market Cap: $4.1 Bil
Sector: Materials
Industry: Specialty Chemicals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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 -2.8%, Dist 3Y High is -2.8%	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 154x, P/EPrice/Earnings or Price/(Net Income) is 53x
1	Low stock price volatility Vol 12M is 49%		Stock price has recently run up significantly 6M Rtn6 month market price return is 101%, 12M Rtn12 month market price return is 116%
2	Megatrend and thematic drivers Megatrends include Advanced Materials, Sustainable Resource Management, and US Energy Independence. Themes include Specialty Chemicals for Performance, Show more.		Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 93%
3			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.3%
4			Key risks PRM key risks include [1] financial dependence on the unpredictable severity of wildfire seasons, 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	Low stock price volatility Vol 12M is 49%
2	Megatrend and thematic drivers Megatrends include Advanced Materials, Sustainable Resource Management, and US Energy Independence. Themes include Specialty Chemicals for Performance, Show more.
3	Trading close to highs Dist 52W High is -2.8%, Dist 3Y High is -2.8%
4	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 154x, P/EPrice/Earnings or Price/(Net Income) is 53x
5	Stock price has recently run up significantly 6M Rtn6 month market price return is 101%, 12M Rtn12 month market price return is 116%
6	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 93%
7	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.3%
8	Key risks PRM key risks include [1] financial dependence on the unpredictable severity of wildfire seasons, Show more.

Valuation, Metrics & Events

	12/28/25	2024	2023	2022
Share Price CYE	$28.07	$12.78	$4.60	$9.14
Market Cap CYE ($ Bil)	4.1	1.9	0.7	1.4
Total Debt ($ Bil)	0.7	0.7	0.7	0.7
Total Cash ($ Bil)	0.3	0.2	0.1	0.1
Enterprise Value ($ Bil)	4.5	2.6	1.4	2.1
Valuation Ratios
P/S TTM	6.5	3.3	2.2	4.1
P/EBIT TTM	154.2	-290.9	6.9	10.5
P/E TTM	52.8	-315.4	10.5	16.0
P/FCF TTM	24.3	10.8	-77.0	-30.2
Sector Ratios
P/S TTM (Sector)	1.5	1.3	1.4	1.2
P/EBIT TTM (Sector)	8.1	6.8	6.6	5.1
P/E TTM (Sector)	-0.2	6.1	7.1	4.8
P/FCF TTM (Sector)	6.9	5.8	5.0	2.7

	12/28/25	2024	2023
Share Price CYE	$28.07	$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)	4.5	2.6	1.4
Valuation Ratios
P/S TTM	6.5	3.3	2.2
P/EBIT TTM	154.2	-290.9	6.9
P/E TTM	52.8	-315.4	10.5
P/FCF TTM	24.3	10.8	-77.0
Sector Ratios
P/S TTM (Sector)	1.5	1.3	1.4
P/EBIT TTM (Sector)	8.1	6.8	6.6
P/E TTM (Sector)	-0.2	6.1	7.1
P/FCF TTM (Sector)	6.9	5.8	5.0

	PRM	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	0.6
Rev Chg Q	9.4%	7.3%
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%	20.4%
Net Inc Mgn	12.3%	13.1%
VALUATION	HIGH
P/S	6.5	3.3
P/CFO	19.3	15.8
P/FCF	24.3	20.7
P/E	52.8	23.7
STABILITY	VERY GOOD
Debt/Equity	0.17	0.21
Cash/Assets	0.13	0.07

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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

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Here are the key points for why Perimeter Solutions (PRM) stock moved:

1. Strong Third Quarter 2025 Financial Results.

Perimeter Solutions reported third-quarter 2025 financial results that significantly exceeded analyst expectations, leading to a notable pre-market surge in its stock price. Net sales increased by 9% to $315.4 million compared to the prior-year quarter, and adjusted EBITDA grew by 9% to $186.3 million. The adjusted earnings per diluted share of $0.82 surpassed the estimated $0.68 per share.

2. Agreement to Acquire Medical Manufacturing Technologies (MMT).

On December 10, 2025, Perimeter Solutions announced an agreement to acquire Medical Manufacturing Technologies LLC (MMT) for $685 million in cash. This strategic acquisition is intended to be funded by a combination of cash on hand and new secured debt.

3. Proposed Offering of Senior Secured Notes.

To finance the MMT acquisition, Perimeter Solutions announced on December 15, 2025, its indirect subsidiary's intention to offer $550 million in senior secured notes due 2034. Following this announcement, Perimeter Solutions shares rose more than 2% in pre-market trading.

4. Five-Year Agreement with the USDA.

On September 3, 2025, Perimeter Solutions entered into a historic five-year agreement with the USDA, aimed at strengthening wildfire response capabilities and expanding value-added services.

5. Positive Analyst Ratings and Price Target Updates.

Throughout this period, analysts maintained favorable ratings for Perimeter Solutions. UBS maintained a "Strong Buy" rating and raised its price target to $25 on September 30, 2025, from $21. Morgan Stanley also maintained a "Buy" rating, increasing its price target to $25 on August 25, 2025, from $17. The average analyst rating for the stock is "Strong Buy".

Stock Movement Drivers

Fundamental Drivers

The 30.7% change in PRM stock from 9/27/2025 to 12/27/2025 was primarily driven by a 33.0% change in the company's P/E Multiple.

	9272025	12272025	Change
Stock Price ($)	21.48	28.08	30.73%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	609.32	636.34	4.44%
Net Income Margin (%)	13.05%	12.26%	-6.04%
P/E Multiple	39.72	52.83	33.00%
Shares Outstanding (Mil)	147.06	146.80	0.17%
Cumulative Contribution			30.73%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025

	Return	Correlation
PRM	30.7%
Market (SPY)	4.3%	10.4%
Sector (XLB)	3.8%	12.7%

Fundamental Drivers

The 100.9% change in PRM stock from 6/28/2025 to 12/27/2025 was primarily driven by a 239.2% change in the company's P/E Multiple.

	6282025	12272025	Change
Stock Price ($)	13.98	28.08	100.86%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	573.95	636.34	10.87%
Net Income Margin (%)	23.23%	12.26%	-47.21%
P/E Multiple	15.58	52.83	239.16%
Shares Outstanding (Mil)	148.56	146.80	1.18%
Cumulative Contribution			100.83%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025

	Return	Correlation
PRM	100.9%
Market (SPY)	12.6%	16.8%
Sector (XLB)	5.4%	25.2%

Fundamental Drivers

The 116.5% change in PRM stock from 12/27/2024 to 12/27/2025 was primarily driven by a 83.7% change in the company's P/S Multiple.

	12272024	12272025	Change
Stock Price ($)	12.97	28.08	116.50%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	534.19	636.34	19.12%
P/S Multiple	3.53	6.48	83.72%
Shares Outstanding (Mil)	145.22	146.80	-1.09%
Cumulative Contribution			116.47%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025

	Return	Correlation
PRM	116.5%
Market (SPY)	17.0%	38.4%
Sector (XLB)	10.2%	41.0%

Fundamental Drivers

The 220.2% change in PRM stock from 12/28/2022 to 12/27/2025 was primarily driven by a 656.0% change in the company's P/E Multiple.

	12282022	12272025	Change
Stock Price ($)	8.77	28.08	220.18%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	514.65	636.34	23.65%
Net Income Margin (%)	39.66%	12.26%	-69.08%
P/E Multiple	6.99	52.83	656.01%
Shares Outstanding (Mil)	162.64	146.80	9.73%
Cumulative Contribution			217.15%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025

	Return	Correlation
PRM	497.4%
Market (SPY)	48.0%	37.3%
Sector (XLB)	10.9%	44.2%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
PRM Return	-	16%	-34%	-50%	178%	119%	133%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
PRM Win Rate	-	50%	25%	42%	67%	67%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
PRM Max Drawdown	-	-5%	-49%	-68%	-12%	-29%
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

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 HPQ, HPE, IBM, CSCO, AAPL

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

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About Perimeter Solutions (PRM)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

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.

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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.

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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.

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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.

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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.

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The key risks to Perimeter Solutions (PRM) are primarily driven by the inherent nature of its core business and operational aspects:

Cyclicality and Unpredictability of Wildfire Seasons: Perimeter Solutions' financial performance is heavily dependent on the demand for its fire retardant products, which is directly impacted by the unpredictable nature and severity of wildfire seasons. Demand for their products is influenced by factors outside of their control. A particularly strong fire season can lead to increased earnings, but also raises the chances of a sharp downcycle in subsequent years, creating significant earnings volatility. The unpredictability of these events makes it challenging to forecast demand accurately.
Reliance on a Concentrated Customer Base and Government Contracts: A significant portion of Perimeter Solutions' revenue comes from a small number of customers, particularly government entities such as the U.S. government, foreign governments, states, and municipalities. This concentration exposes the company to heightened risks associated with government procurement processes, budgeting changes, and the potential loss or renegotiation of these critical contracts, including long-term USDA agreements.
Operational Challenges in the Specialty Products Segment and Product Liabilities: Perimeter Solutions faces operational headwinds within its Specialty Products segment, specifically due to unplanned downtime and ongoing contractual disputes at its Sauget, Illinois plant. These issues have led to a notable decline in Adjusted EBITDA for this segment. Additionally, the company is exposed to the risk of future product liability claims if any of its products are found to cause adverse health consequences. There are also concerns regarding the environmental impacts and side effects of their products, which could result in adverse business consequences or regulatory compliance issues.

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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.

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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.

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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.

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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.

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Anglogold Ashanti

KGC (29.5%)

Kinross Gold

PAAS (28.4%)

Pan American Silver

AEM (26.0%)

Agnico Eagle Mines

NEM (23.9%)

Newmont

Higher Op Mgn LTM (Value for PRM: 4.0%)

SCCO (50.3%)

Southern Copper

AEM (49.4%)

Agnico Eagle Mines

NEM (43.5%)

Newmont

LIN (26.9%)

Linde

CRH (13.8%)

CRH

Higher CFO/Rev LTM (Value for PRM: 33.6%)

AEM (55.2%)

Agnico Eagle Mines

AU (44.9%)

Anglogold Ashanti

B (43.5%)

Barrick Mining

NEM (42.9%)

Newmont

SCCO (37.4%)

Southern Copper

Higher FCF/Rev LTM (Value for PRM: 26.6%)

KGC (34.8%)

Kinross Gold

AEM (34.5%)

Agnico Eagle Mines

AU (29.4%)

Anglogold Ashanti

NEM (28.5%)

Newmont

SCCO (28.2%)

Southern Copper

Higher Total Yield (Value for PRM: 1.9%)

NEM (7.2%)

Newmont

SCCO (5.0%)

Southern Copper

LIN (4.7%)

Linde

AEM (4.5%)

Agnico Eagle Mines

CRH (4.3%)

CRH

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for PRM: 18.0% | 6.5x)

BRK-B (19.8% | 2.7x)

Berkshire Hathaway

UBER (19.6% | 3.4x)

Uber Technologies

PGR (20.6% | 1.6x)

Progressive

MELI (39.5% | 3.9x)

MercadoLibre

APO (89.3% | 3.2x)

Apollo Asset Management

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for PRM: 18.0% | 161.3x)

NVDA (91.6% | 42.1x)

NVIDIA

AVGO (25.2% | 63.9x)

Broadcom

LLY (23.4% | 42.3x)

Eli Lilly

MU (28.3% | 23.3x)

Micron Technology

APP (36.0% | 69.5x)

AppLovin

Higher Rev Chg LTM (Value for PRM: 19.1%)

NVDA (65.2%)

NVIDIA

PLTR (47.2%)

Palantir Technologies

LLY (36.8%)

Eli Lilly

AVGO (23.9%)

Broadcom

META (21.3%)

Meta Platforms

Higher Rev Chg 3Y Avg (Value for PRM: 18.0%)

NVDA (91.6%)

NVIDIA

PLTR (29.3%)

Palantir Technologies

AVGO (25.2%)

Broadcom

LLY (23.4%)

Eli Lilly

BRK-B (19.8%)

Berkshire Hathaway

Higher Op Mgn LTM (Value for PRM: 4.0%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

AMZN (11.4%)

Amazon.com

Higher CFO/Rev LTM (Value for PRM: 33.6%)

META (56.8%)

Meta Platforms

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

AVGO (43.1%)

Broadcom

GOOGL (39.3%)

Alphabet

Higher FCF/Rev LTM (Value for PRM: 26.6%)

V (53.9%)

Visa

MA (52.5%)

Mastercard

PLTR (46.0%)

Palantir Technologies

AVGO (42.1%)

Broadcom

NVDA (41.3%)

NVIDIA

Higher Total Yield (Value for PRM: 1.9%)

MSFT (3.6%)

Microsoft

GOOGL (3.5%)

Alphabet

AMZN (2.9%)

Amazon.com

AAPL (2.8%)

Apple

NVDA (2.2%)

NVIDIA

		Best Bets In Materials Sector
	PRM	SCCO	USLM	CF	NEU	EXP	LIN	NEM	SMG	CBT	B
What You Pay
P/E	52.8	32.2	27.8	9.0	14.8	15.5	29.8	16.1	23.1	10.7	22.0
P/EBIT	154.3	19.4	23.7	5.6	10.7	11.4	21.4	11.1	9.6	5.5	11.3
What You Get
Rev Chg Q	9.4%	15.2%	14.1%	21.1%	-4.8%	2.5%	2.8%	20.0%	-6.6%	-10.2%	23.2%
Rev Chg LTM	19.1%	12.7%	20.3%	12.6%	-1.1%	1.5%	1.3%	26.6%	-3.9%	-7.0%	18.4%
Rev Chg 3Y Avg	18.0%	7.1%	17.8%	-13.5%	1.1%	4.1%	0.6%	23.9%	-4.5%	-4.8%	8.5%
FCF/Rev 3Y Avg	19.1%	27.0%	25.6%	22.3%	17.5%	16.7%	15.4%	13.8%	12.3%	10.3%	10.1%

[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	Is Perimeter Solutions Stock Built to Withstand a Pullback?	Return
2	PRM Dip Buy Analysis
3	Now Is Not The Time To Buy Perimeter Solutions Stock	Buy or Fear
4	Perimeter Solutions (PRM) Valuation Ratios Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select 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	7.6%	7.6%	-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	-1.4%	-1.4%	-3.1%
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	51.0%	51.0%	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	30.6%	30.6%	-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	6.2%	6.2%	-2.5%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Perimeter Solutions

Peers to compare with:

Financials

	PRM	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Perimete.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	28.08	23.26	24.49	305.09	78.16	273.40	53.12
Mkt Cap	4.1	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	636	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	26	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	169	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	115	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	214	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	137	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	PRM	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Perimete.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	19.1%	3.2%	13.8%	4.5%	8.9%	6.0%	7.4%
Rev Chg 3Y Avg	18.0%	-3.9%	6.5%	2.6%	3.7%	1.8%	3.2%
Rev Chg Q	9.4%	4.2%	14.4%	9.1%	7.5%	9.6%	9.2%
QoQ Delta Rev Chg LTM	4.4%	1.1%	3.7%	2.1%	1.8%	2.1%	2.1%
Op Mgn LTM	4.0%	6.6%	4.8%	17.7%	22.5%	31.9%	12.1%
Op Mgn 3Y Avg	6.0%	7.4%	7.2%	16.4%	24.2%	30.8%	11.9%
QoQ Delta Op Mgn LTM	-8.7%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	33.6%	6.7%	8.5%	20.6%	23.8%	26.6%	22.2%
CFO/Rev 3Y Avg	23.2%	6.8%	12.7%	21.4%	26.1%	28.4%	22.3%
FCF/Rev LTM	26.6%	5.1%	1.8%	18.1%	22.1%	23.5%	20.1%
FCF/Rev 3Y Avg	19.1%	5.5%	4.6%	18.6%	24.6%	25.6%	18.9%

Valuation

	PRM	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Perimete.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	4.1	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	6.5	0.4	1.0	4.4	5.4	10.0	4.9
P/EBIT	154.3	6.8	19.9	25.1	22.5	31.3	23.8
P/E	52.8	8.6	572.7	36.0	29.9	41.0	38.5
P/CFO	19.3	5.9	11.2	21.1	22.5	37.5	20.2
Total Yield	1.9%	14.1%	2.3%	5.0%	5.4%	2.8%	3.9%
Dividend Yield	0.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	4.2%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.2	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	0.1	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	PRM	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Perimete.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	1.1%	-1.8%	14.4%	0.6%	2.7%	-1.5%	0.9%
3M Rtn	30.7%	-11.9%	2.7%	7.9%	17.0%	7.1%	7.5%
6M Rtn	100.9%	-4.0%	34.5%	6.6%	15.2%	36.3%	24.9%
12M Rtn	116.5%	-27.0%	16.2%	40.5%	34.5%	7.5%	25.3%
3Y Rtn	220.2%	-1.9%	71.1%	143.1%	81.3%	120.2%	100.7%
1M Excs Rtn	0.2%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	26.4%	-16.2%	-1.7%	3.6%	12.7%	2.8%	3.2%
6M Excs Rtn	88.6%	-16.3%	22.3%	-5.7%	3.0%	24.0%	12.6%
12M Excs Rtn	96.7%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	9.6%
3Y Excs Rtn	137.0%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	13.6%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

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

$ 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%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022
Fire safety	226	227	151
Specialty products	97	134	88
Total	322	361	239

Assets by Segment

$ Mil	2024	2023
Goodwill	1,036
Customer lists, net	675
Specialty products	192	498
Technology and patents, net	181
Fire safety	93	1,959
Tradenames, net	90
Cash and cash equivalents	47
Tax assets	2
Total	2,315	2,457

Price Behavior

Price Behavior

Market Price	$28.08
Market Cap ($ Bil)	4.1
First Trading Date	11/09/2021
Distance from 52W High	-2.8%
	50 Days	200 Days
DMA Price	$25.80	$17.89
DMA Trend	up	up
Distance from DMA	8.8%	56.9%
	3M	1YR
Volatility	57.4%	48.8%
Downside Capture	29.41	71.31
Upside Capture	152.44	137.21
Correlation (SPY)	10.7%	38.6%

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

Based On 1-Year Data

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Based On 5-Year Data

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Based On 10-Year Data

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Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	2,611,965
Short Interest: % Change Since 11302025	-4.4%
Average Daily Volume	966,635
Days-to-Cover Short Interest	2.70
Basic Shares Quantity	146,803,539
Short % of Basic Shares	1.8%

Returns Analyses

	Title
0	Is Perimeter Solutions Stock Built to Withstand a Pullback?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/30/2025	21.1%	17.2%	28.8%
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	9
# Negative	6	4	7
Median Positive	8.7%	7.8%	24.9%
Median Negative	-5.6%	-11.5%	-7.8%
Max Positive	23.5%	39.3%	51.3%
Max Negative	-13.1%	-12.4%	-20.9%

	Forward Returns
10/30/2025	21.1%	17.2%	28.8%
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%
11/9/2023	5.6%	39.3%	37.7%
8/3/2023	11.1%	6.5%	9.2%
5/10/2023	-1.5%	-10.9%	-7.8%
2/28/2023	0.9%	-0.9%	-8.4%
11/4/2022	23.5%	33.5%	51.3%
8/5/2022	-8.5%	0.2%	-14.8%
3/24/2022	-0.4%	1.3%	-7.3%
12/14/2021	5.5%	9.1%	17.0%
SUMMARY STATS
# Positive	10	12	9
# Negative	6	4	7
Median Positive	8.7%	7.8%	24.9%
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

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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

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Perimeter Solutions (PRM)

Market Price (12/28/2025): $28.07 | Market Cap: $4.1 BilSector: Materials | Industry: Specialty Chemicals

Perimeter Solutions (PRM)

Market Price (12/28/2025): $28.07Market Cap: $4.1 BilSector: MaterialsIndustry: Specialty Chemicals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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)

INDUSTRY: Specialty Chemicals

Higher Rev Chg 3Y Avg | Lower P/S (Values for PRM: 18.0% | 6.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for PRM: 18.0% | 161.3x)

Higher Rev Chg LTM (Value for PRM: 19.1%)

Higher Rev Chg 3Y Avg (Value for PRM: 18.0%)

Higher Op Mgn LTM (Value for PRM: 4.0%)

Higher Total Yield (Value for PRM: 1.9%)

SECTOR: Materials

Higher Rev Chg 3Y Avg | Lower P/S (Values for PRM: 18.0% | 6.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for PRM: 18.0% | 161.3x)

Higher Rev Chg LTM (Value for PRM: 19.1%)

Higher Rev Chg 3Y Avg (Value for PRM: 18.0%)

Higher Op Mgn LTM (Value for PRM: 4.0%)

Higher CFO/Rev LTM (Value for PRM: 33.6%)

Higher FCF/Rev LTM (Value for PRM: 26.6%)

Higher Total Yield (Value for PRM: 1.9%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for PRM: 18.0% | 6.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for PRM: 18.0% | 161.3x)

Higher Rev Chg LTM (Value for PRM: 19.1%)

Higher Rev Chg 3Y Avg (Value for PRM: 18.0%)

Higher Op Mgn LTM (Value for PRM: 4.0%)

Higher CFO/Rev LTM (Value for PRM: 33.6%)

Higher FCF/Rev LTM (Value for PRM: 26.6%)

Higher Total Yield (Value for PRM: 1.9%)

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Market Price (12/28/2025): $28.07 | Market Cap: $4.1 Bil
Sector: Materials | Industry: Specialty Chemicals

Market Price (12/28/2025): $28.07
Market Cap: $4.1 Bil
Sector: Materials
Industry: Specialty Chemicals