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Perimeter Solutions, Inc.

PRMBasic MaterialsNASDAQ

Specialty Chemicals

PriceMA150MA200
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Financials · Annual
Revenue
$652.9M
+16.4% YoY
Net Income
-$206.4M
-3394.8% YoY
EBITDA
-$123.1M
-307.5% YoY
Free Cash Flow
-$165.2M

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About Perimeter Solutions, Inc.

Perimeter Solutions, Inc. manufactures and supplies firefighting products, electronic components, lubricant additives, and engineered machinery in the United States, Germany, and internationally. At a $5.27B market cap, Perimeter Solutions, Inc. ranks as a mid-cap company within basic materials. It operates in two segments, Fire Safety and Specialty Products.

Key stats
Market Cap$5.27B
Fwd P/E16.54
EPS$-1.29
Beta1.93
52W Change+166.1%
ROE-15.7%
Analysis

The company holds $91.6M in cash, though total debt stands at $1.37B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company is burning cash, with free cash flow at -$165.2M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -15.7% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $360.5M (2022) to $652.9M (2025), reflecting a 81% increase over the period.

A beta of 1.93 means PRM is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing PRM's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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