Perimeter Solutions, Inc. (PRM)

Perimeter Solutions, Inc. manufactures and supplies firefighting products, electronic components, lubricant additives, and engineered machinery in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. 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 Specialty Products segment develops, produces, and markets products for non-fire safety markets, including phosphorus pentasulfide based lubricant additives used in pesticide and mining chemicals applications, and electric battery technologies. This segment also offers engineered machinery and associated aftermarket consumables parts, and services, as well as original equipment manufacturing, and automation solutions for medical devices such as complex catheters, guidewires and microcoils, as well as aftermarket parts, services, and consumables. In addition, it also manufactures and installs fire and security alarm systems. The company was founded in 1963 and is headquartered in Clayton, Missouri.

Symbol: PRM
Exchange: NYSE
Sector: Basic Materials
Industry: Specialty Chemicals
Market cap: $4.87B
52 week range: 19.7 - 38.17

Valuation

Share price: $28.28 (close of 2026-09-23)
P/E (TTM): -13.72x
Price to book: 4.77x
Price to free cash flow: 50.18x
Enterprise value: $6.05B
Book value per share: $6.24

Price performance

Period	Change
1 day	-10.59%
5 days	-10.39%
1 month	-10.05%
3 months	-21.03%
6 months	+34.16%
Year to date	+2.72%
1 year	+26.70%
3 years	+455.60%
All time	+135.66%

Profitability and growth

Return on equity: -18.21%
Return on invested capital: -11.29%
Return on assets: -7.78%
Return on capital employed: -8.11%
Gross margin: 57.46%
Net margin: -31.61%
EBITDA margin: -19.44%
Revenue growth: 16.38%
Net income growth: -3394.77%
Free cash flow growth: 20.65%

Cash flow and balance sheet

Free cash flow yield (TTM): 1.99%
Current ratio: 1.57x
Net debt to EBITDA: -4.14x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $652.86M
Cost of revenue: $277.71M
Gross profit: $375.15M
EBITDA: $-126.90M
Net income: $-206.37M
Earnings per share: $-1.37
Interest expense: $39.13M
Shares outstanding: 150.37M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$652.86M	$375.15M	$-206.37M	$-1.37
2024-12-31	$560.97M	$317.09M	$-5.91M	$-0.04
2023-12-31	$322.11M	$128.29M	$67.49M	$0.44
2022-12-31	$360.50M	$128.65M	$91.76M	$0.57
2020-12-31	$339.58M	$162.04M	$24.25M	$0.46
2019-12-31	$239.31M	$83.88M	$-42.04M	$-0.79

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	57.46%	-31.61%	-18.21%	-11.29%
2024-12-31	56.52%	-1.05%	-0.51%	-0.11%
2023-12-31	39.83%	20.95%	5.86%	5.28%
2022-12-31	35.69%	25.45%	8.06%	7.34%
2020-12-31	47.72%	7.14%	8.32%	6.38%
2019-12-31	35.05%	-17.57%	-16.02%	-1.14%