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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% | - |
| 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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 360.50 | 322.11 | 560.97 | 652.86 |
| 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 |
| Operating Income | 130.06 | 135.19 | -3.77 | -200.93 |
| EBITDA | 205.61 | 167.82 | 59.32 | -123.08 |
| EBIT | 139.81 | 102.96 | -6.40 | -197.11 |
| Pretax Income | 97.23 | 61.58 | -46.86 | -236.25 |
| Tax Provision | 5.47 | -5.90 | -40.96 | -29.88 |
| Net Income | 91.76 | 67.49 | -5.91 | -206.37 |
| Net Income Common Stockholders | 91.76 | 67.49 | -5.91 | -206.37 |
| Total Expenses | 230.44 | 186.92 | 564.74 | 853.79 |
| Interest Expense | 42.59 | 41.38 | 40.46 | 39.13 |
| Selling General And Administration | 60.32 | 46.51 | 66.90 | 77.58 |
| Normalized EBITDA | 196.36 | 199.63 | 61.76 | -126.12 |
| Normalized Income | 83.03 | 92.62 | -3.98 | -209.02 |
| Basic EPS | 0.57 | 0.44 | -0.04 | -1.37 |
| Diluted EPS | 0.52 | 0.41 | -0.04 | -1.37 |
| Tax Effect Of Unusual Items | 0.52 | -6.68 | -0.51 | 0.38 |
| Tax Rate For Calcs | 0.06 | 0.21 | 0.21 | 0.13 |
| Total Unusual Items | 9.24 | -31.81 | -2.44 | 3.04 |
| Total Unusual Items Excluding Goodwill | 9.24 | -31.81 | -2.44 | 3.04 |
| Net Income From Continuing Operation Net Minority Interest | 91.76 | 67.49 | -5.91 | -206.37 |
| Reconciled Depreciation | 65.80 | 64.86 | 65.72 | 74.03 |
| Reconciled Cost Of Revenue | 221.16 | 184.02 | 233.20 | 263.38 |
| Net Interest Income | -42.59 | -41.38 | -40.46 | -39.13 |
| Net Income From Continuing And Discontinued Operation | 91.76 | 67.49 | -5.91 | -206.37 |
| Total Operating Income As Reported | 130.06 | 94.45 | -3.77 | -200.93 |
| Diluted Average Shares | 175.08 | 166.45 | 145.71 | 150.37 |
| Basic Average Shares | 160.94 | 154.67 | 145.71 | 150.37 |
| Diluted NI Availto Com Stockholders | 91.76 | 67.49 | -5.91 | -206.37 |
| Net Income Including Noncontrolling Interests | 91.76 | 67.49 | -5.91 | -206.37 |
| Net Income Continuous Operations | 91.76 | 67.49 | -5.91 | -206.37 |
| Other Income Expense | 9.75 | -32.23 | -2.63 | 3.82 |
| Other Non Operating Income Expenses | 0.50 | -0.42 | -0.19 | 0.78 |
| 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 |
| Net Non Operating Interest Income Expense | -42.59 | -41.38 | -40.46 | -39.13 |
| Interest Expense Non Operating | 42.59 | 41.38 | 40.46 | 39.13 |
| Other Operating Expenses | -116.84 | -108.47 | 198.92 | 438.81 |
| 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 |
| Amortization | 55.10 | 55.06 | 55.03 | 59.70 |
| Amortization Of Intangibles Income Statement | 55.10 | 55.06 | 55.03 | 59.70 |
| Operating Revenue | 357.30 | 320.88 | 560.71 | 652.72 |
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 | - | 4.01 | -18.2% | -39.77 |
| SSR Mining Inc. | SSRM | $5.8B | 15.23 | 1.63 | 9.2% | 9.76 |
| UFP Industries, Inc. | UFPI | $5.3B | 18.59 | 1.72 | 9.5% | 8.92 |
| Knife River Corporation | KNF | $5.1B | 32.50 | 3.10 | 9.6% | 12.74 |
| USA Rare Earth, Inc. | USAR | $4.8B | - |
| 6.62 |
| -60.2% |
| -96.24 |
| Constellium SE | CSTM | $4.4B | 16.79 | 4.58 | 28.1% | 7.60 |
| Cabot Corporation | CBT | $4.0B | 13.24 | 2.51 | 19.4% | 6.56 |
| United States Lime & Minerals, Inc. | USLM | $3.7B | 27.46 | 5.82 | 21.3% | 18.03 |
| NovaGold Resources Inc. | NG | $3.4B | - | 7.70 | -57.8% | -109.35 |
| Peer Median | - | 17.69 | 3.84 | 9.6% | 8.26 | |