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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. The company was founded in 1963 and is headquartered in Clayton, Missouri.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $653M | $-123M | $-206M | $193M | -18.2% | 16.4% | 3394.8% |
| 2024 | $561M | $59M | $-6M | $173M | -0.5% | 74.2% | -108.7% |
| 2023 | $322M | $168M | $67M | $-9M | 5.9% | -10.7% | -26.5% |
| 2022 | $361M | $206M | $92M | $-49M | 8.1% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 360.50 | 322.11 | 560.97 | 652.86 |
| Operating Revenue | - | 357.30 | 320.88 | 560.71 | 652.72 |
| Cost Of Revenue | - | 231.85 | 193.81 | 243.88 | 277.71 |
| Gross Profit | - | 128.65 | 128.29 | 317.09 | 375.15 |
| Operating Expense | - | -1.41 | -6.89 | 320.85 | 576.08 |
| Selling General And Administration | - | 60.32 | 46.51 | 66.90 | 77.58 |
| Total Expenses | - | 230.44 | 186.92 | 564.74 | 853.79 |
| Operating Income | - | 130.06 | 135.19 | -3.77 | -200.93 |
| Total Operating Income As Reported | - | 130.06 | 94.45 | -3.77 | -200.93 |
| EBITDA | - | 205.61 | 167.82 | 59.32 | -123.08 |
| Normalized EBITDA | - | 196.36 | 199.63 | 61.76 | -126.12 |
| EBIT | - | 139.81 | 102.96 | -6.40 | -197.11 |
| Interest Expense | - | 42.58 | 41.38 | 40.46 | 39.14 |
| Net Interest Income | - | -42.58 | -41.38 | -40.46 | -39.14 |
| Other Non Operating Income Expenses | - | 0.50 | -0.42 | -0.19 | 0.78 |
| Other Income Expense | - | 9.75 | -32.23 | -2.64 | 3.82 |
| Interest Expense Non Operating | - | 42.58 | 41.38 | 40.46 | 39.14 |
| Net Non Operating Interest Income Expense | - | -42.58 | -41.38 | -40.46 | -39.14 |
| Pretax Income | - | 97.23 | 61.58 | -46.86 | -236.25 |
| Tax Provision | - | 5.47 | -5.90 | -40.96 | -29.88 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.52 | -6.68 | -0.51 | 0.38 |
| Net Income Continuous Operations | - | 91.76 | 67.49 | -5.90 | -206.37 |
| Net Income From Continuing And Discontinued Operation | - | 91.76 | 67.49 | -5.90 | -206.37 |
| Net Income From Continuing Operation Net Minority Interest | - | 91.76 | 67.49 | -5.90 | -206.37 |
| Net Income | - | 91.76 | 67.49 | -5.90 | -206.37 |
| Net Income Common Stockholders | - | 91.76 | 67.49 | -5.90 | -206.37 |
| Net Income Including Noncontrolling Interests | - | 91.76 | 67.49 | -5.90 | -206.37 |
| Normalized Income | - | 83.03 | 92.62 | -3.98 | -209.02 |
| Diluted NI Availto Com Stockholders | - | 91.76 | 67.49 | -5.90 | -206.37 |
| Basic Average Shares | - | 160.94 | 154.67 | 145.71 | 150.37 |
| Diluted Average Shares | - | 175.08 | 166.45 | 145.71 | 150.37 |
| Reconciled Depreciation | - | 65.80 | 64.86 | 65.72 | 74.03 |
| Reconciled Cost Of Revenue | - | 221.16 | 184.02 | 233.20 | 263.38 |
| Total Unusual Items | - | 9.24 | -31.81 | -2.44 | 3.04 |
| Total Unusual Items Excluding Goodwill | - | 9.24 | -31.81 | -2.44 | 3.04 |
| Special Income Charges | - | 12.71 | -33.47 | 0 | 0 |
| Impairment Of Capital Assets | - | 0 | 40.74 | 0 | 0 |
| Restructuring And Mergern Acquisition | - | -12.71 | -7.27 | 0 | 0 |
| Gain On Sale Of Security | - | -3.46 | 1.66 | -2.44 | 3.04 |
| Depreciation Amortization Depletion Income Statement | - | 55.10 | 55.06 | 55.03 | 59.70 |
| Depreciation And Amortization In Income Statement | - | 55.10 | 55.06 | 55.03 | 59.70 |
| Other Operating Expenses | - | -116.84 | -108.47 | 198.92 | 438.81 |
| Amortization | - | 55.10 | 55.06 | 55.03 | 59.70 |
| Amortization Of Intangibles Income Statement | - | 55.10 | 55.06 | 55.03 | 59.70 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Perimeter Solutions, Inc.this co. | PRM | $5.0B | - | 4.39 | -18.2% | - |
| USA Rare Earth, Inc. | USAR | $6.6B | -22.28 | 13.46 | -60.4% | -21.13 |
| SSR Mining Inc. | SSRM | $6.1B | 15.45 | 1.74 | 11.3% | 10.38 |
| Constellium SE | CSTM | $4.9B | 18.03 | 5.17 | 28.7% | 7.99 |
| UFP Industries, Inc. | UFPI | $4.5B | 15.97 |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.48 |
| 9.3% |
| 6.98 |
| Knife River Corporation | KNF | $4.3B | 27.69 | 2.65 | 9.6% | 11.13 |
| Cabot Corporation | CBT | $4.3B | 12.95 | 2.77 | 21.4% | 6.60 |
| NovaGold Resources Inc. | NG | $3.6B | -37.96 | 21.94 | -57.8% | -45.70 |
| Calumet, Inc. | CLMT | $3.3B | -96.45 | -4.45 | 4.6% | 23.49 |
| Peer Median | - | 14.20 | 2.71 | 9.4% | 7.49 | |