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Perimeter Solutions, Inc. (PRM) stock

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NYSE: PRM NYSE Specialty Chemicals Next results ~November 5, 2026

C Fundamentals grade

Perimeter Solutions, Inc. is a US-listed company in the specialty chemicals industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$42

Cash-flow model

Base case. Range ~$30–$57 across our lower- and higher-growth cases (15%–25% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 50% above it.

Price used: $28.06, November 2, 2026

Perimeter Solutions, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 7 selling0 purchases and 35 sales by directors and officers, last 12 monthsInsider trades
  • Funds191 adding, 113 cuttingOf 51 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Perimeter Solutions files

Where Perimeter Solutions stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $757m, up 24.2% on a year earlier, faster than the 23.0% growth a quarter earlier. That growth ranks 5 of 30 among the specialty chemicals companies we cover. Free-cash-flow margin fell to 12.8% from 27.9% a year earlier. Operating margin narrowed to -50.6% from 12.7%. The diluted share count is up 6.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 7 financial-health checks. Our cash-flow model value is $42.91 a share, against a share price of $28.59.

Source: 10-Q filed July 31, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Perimeter Solutions, Inc.'s trailing-twelve-month revenue grew 24.2% year on year, with a free-cash-flow margin of 12.8%. Where it stands out: gross margin of 54.7% ranks 3 of 40 specialty chemicals companies we cover. Where it lags: long-term debt as % of assets of 37.3% ranks 31 of 36 specialty chemicals companies we cover.

Our discounted-cash-flow model values the business at ~$42 per share in the base case (~$30–$57 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Operating margin compressing: TTM operating margin fell to -50.6%, down 63.3pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $28.06 is 50% below our value per share of $42.
  • Fast growth. Revenue grew 24.2% over the last 12 months, against a median of 6.0% for specialty chemicals companies we cover.

Things to watch

  • Loss-making. Operating margin is -50.6%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 63.3 points on a year ago.
  • Share dilution. Diluted shares rose 6.7% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 50% and a beta of 1.3 against the S&P 500.
  • Insiders selling. 7 insiders sold $435M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Gross margin slipping. Gross margin is down 3.2 points on a year ago.

Latest results: FY2026 Q2

Filed July 31, 2026
Earnings per share
$0.35 against an average estimate of $0.43: missed by 19.0%
Revenue
$214m, up 31.5% on a year earlier
Share reaction
-18.1% in the first session after the results on July 31, 2026, against +2.2% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.96

Perimeter Solutions' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day0.0%
  • 1 week-0.1%
  • 1 month+2.2%
  • This year+1.9%
  • 1 year+19.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$757M
Operating margin
-50.6%
Net margin
-44.9%
EPS (TTM, diluted)
$-2.17

Growth

Revenue growth
+24.2%
Change in growth rate
+1.3 pts
Share count change
+6.7%

Cash

Free cash flow (TTM)
$97.1M
FCF margin
12.8%
Stock pay % of revenue
2.3%

Earnings

Last results
July 31, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Perimeter Solutions, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 13.7% a year of cash-flow growth for five years.That is close to the 17.4% a year revenue growth Perimeter Solutions has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in13.7%
  • Last 12 months24.2%
  • 3 years a year33.0%
  • 5 years a year17.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($28.41, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$42
Price used
$28.41close November 3, 2026
Implied change
▲ +48%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Perimeter Solutions, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($180M, FY2026 Q2 TTM), growing 22.5% and 17.8% in the next two years (forecasts, guidance and its record), then back to 20% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$30–~$57 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Perimeter Solutions, Inc.'s free cash flow after stock-based pay ( $180M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Perimeter Solutions, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.03 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$42 ~$30–$57 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$26 ~$21–$32 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$37 ~$26–$42 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Perimeter Solutions, Inc. with Specialty Chemicals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −29%
  • Revenue growth 5 points higher ▲ +37%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▼ −48%
  • Discount rate 1 point higher ▼ −19%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $9$15$22$32$45$62
8.5% $5$9$15$22$31$43
10% $3$6$10$16$23$32

Valuation multiples over time Market data may be delayed

At fiscal year end 2022202320242025Now
Share price$9.14$4.60$12.78$27.53$28.06
Market value$1.6bn$766m$1.9bn$4.1bn$4.4bn
+ Net debt (− = net cash)$548m$628m$477m$349m$1.1bn
Enterprise value$2.1bn$1.4bn$2.3bn$4.5bn$5.5bn
Multiples
Price / sales 4.4x2.4x3.3x6.3x5.8x
Price / earnings 17.4x11.3x———
Price / free cash flow ——10.8x19.8x45.2x
EV / EBITDA 11.0x8.7x37.8x——

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $381m and EPS of $0.96 (range $0.84 to $1.12) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.56 +17% $886m +36%
Next $1.83 +17% $991m +12%

Next year's EPS estimate has moved −3.5% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −6.2% on 90 days ago. In the last 30 days, 0 analysts raised Perimeter Solutions, Inc.'s forecast and 4 cut it.

Consensus EPS forecast Perimeter Solutions, Inc., last 90 days
$1.50 $1.60 $1.70 $1.80 $1.90 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.67 Current fiscal year, 60 days ago: $1.55 Current fiscal year, 30 days ago: $1.55 Current fiscal year, 7 days ago: $1.56 Current fiscal year, Now: $1.56 $1.56 Next fiscal year, 90 days ago: $1.90 Next fiscal year, 60 days ago: $1.83 Next fiscal year, 30 days ago: $1.83 Next fiscal year, 7 days ago: $1.83 Next fiscal year, Now: $1.83 $1.83

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.67$1.90
60 days ago $1.55$1.83
30 days ago $1.55$1.83
7 days ago $1.56$1.83
Now $1.56$1.83

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.43 $0.35 −19.0%
Mar 2026 $0.02 $0.06 +210.2%
Dec 2025 $0.11 $0.13 +21.5%
Sept 2025 $0.68 $0.82 +21.3%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Perimeter Solutions, Inc.'s revenue by +22.5% next year and +17.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+24.1%, weight 62%) and the company's own record (+20.0%, weight 38%) . How the weights are set.

Analyst recommendations

4 analysts, Oct 2026
Buy4100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026314
  2. Sep 2026314
  3. Aug 2026314
  4. Jul 2026314

Counts of recommendations published by analysts covering Perimeter Solutions, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.6%
of tradable shares
Days to cover
5.27
at average volume
Short interest, 1 month
−1%
to October 15, 2026
Held by institutions
87%
of shares
Held by insiders
9.0%
of shares
Employees
356
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +19.4%

$23.51 on October 31, 2025 to $28.06

ThenNowEffect
Revenue (last 12 months) $609m $757m +24.2%
P/S multiple 5.7x 5.8x +2.5%
Share count 147m 157m −6.3%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years +779.6%

$3.19 on November 3, 2023 to $28.06

ThenNowEffect
Revenue (last 12 months) $322m $757m +135.3%
P/S multiple 1.7x 5.8x +241.1%
Share count 172m 157m +9.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
PRM−34%−50%+178%+115%+2%
Industry peers (median)−25%−8%+6%−15%+6%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
PRM25%42%67%58%46%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
PRM−51%−70%−14%−35%−30%
S&P 500−25%−10%−8%−19%−9%

Worst fall since November 9, 2021: 80% from January 4, 2022 to November 1, 2023. Getting back needed a 388% gain, reached on July 2, 2025, 609 days after the low.

Price behaviour

52-week range
$20.69 – $37.78
From 52-week high
−25.7%
vs 50-day average
−3.9%
vs 200-day average
−5.2%
Volatility (1 year)
50%
Beta vs S&P 500
1.33

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±9.4%
After a week
8 up, 4 down
typical move ±11.4%
After a month
6 up, 6 down
typical move ±19.9%
Results releasedNext dayS&P 500 next day5 days21 days
July 31, 2026 −18.1% +2.2% −5.3% −18.1%
May 6, 2026 −2.7% +1.1% +12.4% −0.1%
February 26, 2026 −11.0% −1.0% −7.7% −19.1%
October 30, 2025 +10.2% −0.8% +14.5% +28.8%
August 7, 2025 +13.8% +0.7% +17.1% +45.3%
May 8, 2025 +13.4% +0.6% +16.8% +26.9%
February 20, 2025 −15.0% −2.1% −13.3% −23.1%
November 12, 2024 −14.1% −0.3% −5.8% −8.5%
August 1, 2024 0.0% −3.3% +7.4% +20.8%
May 9, 2024 −0.9% +0.7% +1.2% −6.4%
February 22, 2024 +2.7% +2.1% +7.6% +10.1%
November 9, 2023 +10.8% +0.8% +27.5% +32.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Perimeter Solutions, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Perimeter Solutions, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Perimeter Solutions, Inc.
$200M $400M $600M $800M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $303.9M Revenue (TTM), FY23 Q4: $322.1M Revenue (TTM), FY24 Q1: $337.3M Revenue (TTM), FY24 Q2: $388.4M Revenue (TTM), FY24 Q3: $534.2M Revenue (TTM), FY24 Q4: $561M Revenue (TTM), FY25 Q1: $574M Revenue (TTM), FY25 Q2: $609.3M Revenue (TTM), FY25 Q3: $636.3M Revenue (TTM), FY25 Q4: $652.9M Revenue (TTM), FY26 Q1: $705.9M Revenue (TTM), FY26 Q2: $757.1M $757.1M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $303.9M
FY23 Q4 $322.1M
FY24 Q1 $337.3M
FY24 Q2 $388.4M
FY24 Q3 $534.2M
FY24 Q4 $561M
FY25 Q1 $574M
FY25 Q2 $609.3M
FY25 Q3 $636.3M
FY25 Q4 $652.9M
FY26 Q1 $705.9M
FY26 Q2 $757.1M
Revenue growth, TTM YoY Perimeter Solutions, Inc.
-50% 0% 50% 100% FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue growth, TTM YoY, FY23 Q4: -10.7% Revenue growth, TTM YoY, FY24 Q1: -2.7% Revenue growth, TTM YoY, FY24 Q2: 20.7% Revenue growth, TTM YoY, FY24 Q3: 75.8% Revenue growth, TTM YoY, FY24 Q4: 74.2% Revenue growth, TTM YoY, FY25 Q1: 70.2% Revenue growth, TTM YoY, FY25 Q2: 56.9% Revenue growth, TTM YoY, FY25 Q3: 19.1% Revenue growth, TTM YoY, FY25 Q4: 16.4% Revenue growth, TTM YoY, FY26 Q1: 23.0% Revenue growth, TTM YoY, FY26 Q2: 24.2% 24.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -10.7%
FY24 Q1 -2.7%
FY24 Q2 20.7%
FY24 Q3 75.8%
FY24 Q4 74.2%
FY25 Q1 70.2%
FY25 Q2 56.9%
FY25 Q3 19.1%
FY25 Q4 16.4%
FY26 Q1 23.0%
FY26 Q2 24.2%
Operating margin (TTM) Perimeter Solutions, Inc.
-60% -40% -20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 14.3% Operating margin (TTM), FY23 Q4: 29.3% Operating margin (TTM), FY24 Q1: 2.0% Operating margin (TTM), FY24 Q2: -3.0% Operating margin (TTM), FY24 Q3: -13.9% Operating margin (TTM), FY24 Q4: -0.7% Operating margin (TTM), FY25 Q1: 25.9% Operating margin (TTM), FY25 Q2: 12.7% Operating margin (TTM), FY25 Q3: 4.0% Operating margin (TTM), FY25 Q4: -30.8% Operating margin (TTM), FY26 Q1: -29.2% Operating margin (TTM), FY26 Q2: -50.6% -50.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 14.3%
FY23 Q4 29.3%
FY24 Q1 2.0%
FY24 Q2 -3.0%
FY24 Q3 -13.9%
FY24 Q4 -0.7%
FY25 Q1 25.9%
FY25 Q2 12.7%
FY25 Q3 4.0%
FY25 Q4 -30.8%
FY26 Q1 -29.2%
FY26 Q2 -50.6%
FCF margin (TTM) Perimeter Solutions, Inc.
-20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -5.4% FCF margin (TTM), FY23 Q4: -2.9% FCF margin (TTM), FY24 Q1: 7.7% FCF margin (TTM), FY24 Q2: 19.1% FCF margin (TTM), FY24 Q3: 36.1% FCF margin (TTM), FY24 Q4: 30.8% FCF margin (TTM), FY25 Q1: 33.2% FCF margin (TTM), FY25 Q2: 27.9% FCF margin (TTM), FY25 Q3: 29.0% FCF margin (TTM), FY25 Q4: 31.9% FCF margin (TTM), FY26 Q1: 13.4% FCF margin (TTM), FY26 Q2: 12.8% 12.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -5.4%
FY23 Q4 -2.9%
FY24 Q1 7.7%
FY24 Q2 19.1%
FY24 Q3 36.1%
FY24 Q4 30.8%
FY25 Q1 33.2%
FY25 Q2 27.9%
FY25 Q3 29.0%
FY25 Q4 31.9%
FY26 Q1 13.4%
FY26 Q2 12.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 239 340 361 322 561 653 757
Gross profit 84 162 129 128 317 375 414
EBITDA 52 130 196 159 62 −127 −288
Operating income −6 71 130 94 −4 −201 −383
Net income −42 24 92 67 −6 −206 −340
Diluted EPS −$0.79 $0.46 $0.52 $0.41 −$0.04 −$1.37 −$2.17
Growth (year on year)
Revenue — +41.9% +6.2% −10.7% +74.2% +16.4% +24.2%
EBITDA — +148.0% +51.1% −18.7% −61.1% −304.8% −297.9%
Operating income — — +82.0% −27.4% −104.0% — −593.2%
Net income — — +278.4% −26.5% −108.8% — −527.0%
Diluted EPS — — +13.0% −21.2% −109.8% — −500.0%
Margins
Gross margin 35.1% 47.7% 35.7% 39.8% 56.5% 57.5% 54.7%
EBITDA margin 21.8% 38.2% 54.3% 49.5% 11.0% −19.4% −38.0%
Operating margin −2.4% 21.0% 36.1% 29.3% −0.7% −30.8% −50.6%
Net margin −17.6% 7.1% 25.5% 21.0% −1.1% −31.6% −44.9%
Free-cash-flow margin −3.8% 18.6% −13.5% −2.9% 30.8% 31.9% 12.8%
Cash flow
Cash from operations −0 71 −40 0 188 238 128
Capital spending 9 7 9 9 16 30 31
Free cash flow −9 63 −49 −9 173 209 97
Stock-based pay 0 0 15 2 13 17 17
Free cash flow after stock pay −9 63 −63 −11 160 192 80
Balance sheet
Cash 10 22 127 47 198 326 83
Total debt 0 701 675 675 675 675 1,225
Net debt (negative = net cash) −10 678 548 628 477 349 1,142
Diluted shares 53m 53m 175m 166m 146m 150m 157m
Returned to shareholders
Buybacks — 0 49 64 14 40 0
Total returned — 0 49 64 14 40 0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · June 30, 2026
What it owns · $3.2bn
Short-term assets $496mLonger-term assets $2.7bn
What it owes, and who funded it · $3.2bn
Short-term liabilities $316mLonger-term liabilities $1.9bnShareholders' equity $1.0bn
  • Short-term assets cover short-term liabilities $496m of assets due within a year against $316m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $496m short-term assets against $1.9bn of longer-dated liabilities.
  • More cash than debt $83m of cash against $1.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 118% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 61% to 118% over five years.
  • A year's operating cash flow covers at least 20% of debt $128m of operating cash flow against $1.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of −$383m against $64m of interest.

From Perimeter Solutions, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$0
Returned to shareholders
0%
of free cash flow
Buybacks, last 3 fiscal years
$119M
Diluted share count
+6.7%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
Sales & admin spending
12.6%
of revenue
Days sales outstanding
76 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in specialty chemicals
Last 12 months unless stated PRM ECVT ALTO BCPC EAF HWKN Median
Revenue, last 12 months $757m $869m $943m $1.1bn $509m $1.1bn $906m
Revenue growth, last 12 months 24.2% 39.8% 1.1% 9.4% −2.5% 9.0% 5.4%
Revenue growth, 3-year average 33.0% 4.6% −10.1% 6.2% −11.4% 6.8% 0.9%
Revenue growth, latest quarter 31.5% 42.0% 12.5% 8.6% −2.7% 11.9% 8.3%
Gross margin 54.7% 21.3% 6.8% 36.5% −6.7% 22.4% 28.8%
Operating margin −50.6% 9.4% 3.8% 20.7% −21.0% 11.1% 4.3%
Operating margin, 3-year average −13.6% 11.8% −1.8% 19.8% −26.9% 11.6% 5.5%
Net margin −44.9% −7.1% 5.5% 15.4% −38.4% 7.5% 0.8%
Cash from operations / revenue 16.9% 17.1% 6.9% 20.2% −22.2% 13.1% 6.9%
Free-cash-flow margin 12.8% 8.3% 5.3% 15.8% −31.1% 8.1% 4.3%
Free-cash-flow margin, 3-year average 19.9% 12.9% 1.4% 15.6% −20.0% 8.1% 5.1%
Stock pay / revenue 2.3% 1.2% 0.3% 1.8% 1.1% 0.7% 1.0%
Change in share count 6.7% −3.5% 4.0% −1.6% −1.3% −0.2% 0.1%

Median of all 42 companies we cover in specialty chemicals. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

42 specialty chemicals companies
Measure Company Peer median Rank
Revenue growth Growth 24.2% 6.0% 7 of 42
Change in growth rate Growth +1.3pp +1.3pp 22 of 42
Gross margin Profitability 54.7% 31.5% 3 of 40
Operating margin Profitability -50.6% 3.8% 31 of 39
Net margin Profitability -44.9% 1.7% 33 of 42
Free-cash-flow margin Cash generation 12.8% 4.8% 5 of 42
Stock pay as % of revenue Cash generation 2.3% 1.0% 27 of 36
Long-term debt as % of assets Balance sheet 37.3% 26.8% 31 of 36
Change in share count Balance sheet 6.7% 0.0% 29 of 37
Days sales outstanding Balance sheet 76 days 59 days 22 of 30

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Fire Safety $489M 74.9% ▲ 12.1%
Specialty Products $164M 25.1% ▲ 31.5%
Products and services
Line of business Revenue Share YoY
Products $544M 83.4% ▲ 17.1%
Service and Other $108M 16.6% ▲ 12.7%
Services $108M 99.9% ▲ 12.9%
Other $145,000 0.1% ▼ 44.0%

From Perimeter Solutions, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$4.9B
Institutions reporting
303
Shares held vs prior quarter
▲ 7.0%
Positions opened / closed
57 / 43

Top buyers and sellers, Q2 2026: 191 institutions bought and 113 sold ; the biggest buyer was Price T Rowe Associates Inc (+1.9M shares) and the biggest seller Windacre Partnership LLC (−5.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Windacre Partnership LLC $576M 16.1M 11.8% ▼ 26.1%
Principal Financial Group Inc $499M 14.0M 10.3% ▲ 11.9%
Blackrock, Inc. $434M 12.2M 8.9% ▲ 12.4%
FMR LLC $342M 9.6M 7.0% ▲ 6.2%
Vanguard Capital Management LLC $235M 6.6M 4.8% ▲ 6.7%
Dimensional Fund Advisors LP $154M 4.3M 3.2% ▼ 9.4%
Geode Capital Management, LLC $151M 4.2M 3.1% ▲ 11.4%
Jupiter Topco LLC $147M 4.1M 3.0% —
State Street Corp $129M 3.6M 2.6% ▲ 11.3%
Jpmorgan Chase & Co $103M 3.1M 2.1% ▲ 11.8%
Balance Capital Partners L.P. $97.5M 2.7M 2.0% 0.0%
Invesco Ltd. $87.2M 2.4M 1.8% ▲ 132.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Perimeter Solutions, Inc.'s complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $435M 35 trades by 7 insiders · 0% under pre-set plans
Net ▼ $435M net selling
Insider Date Trade Shares Price Value
Amin Snehal 10% owner June 30, 2026 Sell 1,875,000 $33.90 $63.6M
Windacre Partnership Llc 10% owner June 30, 2026 Sell 1,875,000 $33.90 $63.6M
Amin Snehal 10% owner June 29, 2026 Sell 437,500 $33.00 $14.4M
Windacre Partnership Llc 10% owner June 29, 2026 Sell 437,500 $33.00 $14.4M
Amin Snehal 10% owner June 26, 2026 Sell 548,479 $34.51 $18.9M
Amin Snehal 10% owner June 26, 2026 Sell 2,296,400 $34.40 $79M
Amin Snehal 10% owner June 26, 2026 Sell 150,000 $34.98 $5.2M
Amin Snehal 10% owner June 26, 2026 Sell 378,600 $36.22 $13.7M
Amin Snehal 10% owner June 26, 2026 Sell 20,000 $36.25 $725,000
Windacre Partnership Llc 10% owner June 26, 2026 Sell 20,000 $36.25 $725,000
Windacre Partnership Llc 10% owner June 26, 2026 Sell 548,479 $34.51 $18.9M
Windacre Partnership Llc 10% owner June 26, 2026 Sell 2,296,400 $34.40 $79M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around October 29, 2026 estimated from the company's past filing pattern, not announced

  • July 31, 2026
  • May 6, 2026
  • February 26, 2026
  • October 30, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Perimeter Solutions, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Perimeter Solutions, Inc. in brief

What does Perimeter Solutions, Inc. do?
Perimeter Solutions, Inc. is a US-listed company in the specialty chemicals industry. Its financial year ends in December.
What is Perimeter Solutions, Inc.'s stock ticker?
Perimeter Solutions, Inc. trades under the ticker PRM on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Perimeter Solutions, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Perimeter Solutions, Inc. reported revenue of $757M, 24.2% higher than a year earlier, according to its SEC filings.
What is Perimeter Solutions, Inc.'s free cash flow?
Perimeter Solutions, Inc.'s free-cash-flow margin is 12.8% of revenue over the trailing twelve months, ranking 5 of the 42 specialty chemicals companies we cover.
What is Perimeter Solutions, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Perimeter Solutions, Inc.'s free cash flow after stock-based pay gives ~$42 per share in the base case, and ~$30–$57 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Perimeter Solutions, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Windacre Partnership LLC, Principal Financial Group Inc and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Perimeter Solutions, Inc. buying back stock, and does it pay a dividend?
Perimeter Solutions, Inc. spent $0 on share repurchases over the trailing twelve months, and its diluted share count still rose 6.7% over the year.
What is Perimeter Solutions, Inc.'s market cap?
On November 2, 2026, Perimeter Solutions, Inc.'s market capitalisation was about $4.4B and net debt of $1.1B. Market figures come from third-party market data and may be delayed.
How much debt does Perimeter Solutions, Inc. have?
Perimeter Solutions, Inc.'s debt-to-equity ratio is 118.5%, from its latest balance sheet (61.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Perimeter Solutions, Inc.'s competitors?
In our Specialty Chemicals peer group, the companies closest to Perimeter Solutions, Inc. are Ecovyst Inc., Alto Ingredients, Inc., Balchem Corp, Graftech International LTD and Hawkins Inc. The side-by-side comparison below sets their revenue, margins and growth against Perimeter Solutions, Inc.'s.
Are insiders buying or selling Perimeter Solutions, Inc. stock?
Over the last 12 months, Perimeter Solutions, Inc.'s directors and officers reported 0 open-market purchases and 35 sales on Form 4. The insider trading page charts every trade.
When is Perimeter Solutions, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Perimeter Solutions, Inc. announces its own schedule.