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Perma-Fix Environmental Services, Inc., through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company operates in two segments, Treatment and Services. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities. This segment is also involved in the research and development activities to identify, develop, and implement waste processing techniques for problematic waste streams. The Services segment provides technical services, including professional radiological measurement and site survey of government and commercial installations; health physics services; integrated occupational safety and health services; consulting, engineering, project and waste management, environmental, decontamination and decommissioning (D&D) field, and technical and management personnel and services; and waste management services. This segment also offers nuclear services, including D&D of government and commercial facilities, including engineering, technology applications, specialty services, logistics, transportation, processing, and disposal; and license termination support, such as project management, planning, characterization, waste stream identification and delineation, remediation/demolition, compliance demonstration, final status survey, reporting, transportation, disposal, and emergency response. In addition, it maintains, services, maintains, calibrates, and sources health physics, IH and customized nuclear, environmental, and occupational safety and health instruments. The company serves research institutions, commercial companies, public utilities, and governmental agencies through direct sales to customers or through intermediaries. Perma-Fix Environmental Services, Inc. was incorporated in 1990 and is headquartered in Atlanta, Georgia.
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 | $62M | $-9M | $-14M | $-16M | -27.5% | 4.3% | - |
| 2024 | $59M | $-13M | $-20M | $-19M | -32.0% | -34.1% | -4219.4% |
| 2023 | $90M | $4M | $0M | $4M | 1.2% | 27.1% | - |
| 2022 | $71M | $-1M | $-4M | $-2M | -10.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 70.60 | 89.73 | 59.12 | 61.67 |
| Cost Of Revenue | 60.99 | 73.37 | 59.12 | 55.70 |
| Gross Profit | 9.61 | 16.37 | 0 | 5.97 |
| Operating Expense | 14.99 | 15.54 | 15.66 | 17.71 |
| Operating Income | -5.38 | 0.83 | -15.66 | -11.73 |
| EBITDA | -1.30 | 3.83 | -12.90 | -8.68 |
| EBIT | -3.41 | 1.26 | -14.66 | -10.44 |
| Pretax Income | -3.59 | 0.94 | -15.13 | -10.66 |
| Tax Provision | -0.38 | 0.02 | 4.43 | 0 |
| Net Income | -3.82 | 0.48 | -19.98 | -13.78 |
| Net Income Common Stockholders | -3.82 | 0.48 | -19.98 | -13.78 |
| Total Expenses | 75.98 | 88.90 | 74.78 | 73.41 |
| Interest Expense | 0.17 | 0.32 | 0.47 | 0.23 |
| Interest Income | 0.10 | 0.61 | 0.92 | 1.12 |
| Research And Development | 0.34 | 0.56 | 1.17 | 1.29 |
| Selling General And Administration | 14.65 | 14.97 | 14.49 | 16.42 |
| Normalized EBITDA | -1.29 | 3.90 | -12.88 | -8.68 |
| Normalized Income | -3.19 | 0.99 | -19.55 | -10.66 |
| Basic EPS | -0.29 | 0.04 | -1.33 | -0.75 |
| Diluted EPS | -0.29 | 0.04 | -1.33 | -0.75 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.11 | 0.02 | 0.21 | 0 |
| Total Unusual Items | -0.02 | -0.08 | -0.02 | 0 |
| Total Unusual Items Excluding Goodwill | -0.02 | -0.08 | -0.02 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -3.21 | 0.92 | -19.57 | -10.66 |
| Reconciled Depreciation | 2.11 | 2.57 | 1.76 | 1.76 |
| Reconciled Cost Of Revenue | 60.99 | 73.37 | 59.12 | 55.70 |
| Net Interest Income | -0.14 | 0.19 | 0.38 | 0.81 |
| Net Income From Continuing And Discontinued Operation | -3.82 | 0.48 | -19.98 | -13.78 |
| Total Operating Income As Reported | -5.40 | 0.76 | -15.68 | -11.73 |
| Diluted Average Shares | 13.28 | 13.74 | 15.07 | 18.46 |
| Basic Average Shares | 13.28 | 13.51 | 15.07 | 18.46 |
| Diluted NI Availto Com Stockholders | -3.82 | 0.48 | -19.98 | -13.78 |
| Minority Interests | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -3.82 | 0.48 | -19.98 | -13.78 |
| Net Income Discontinuous Operations | -0.60 | -0.43 | -0.41 | -3.12 |
| Net Income Continuous Operations | -3.21 | 0.92 | -19.57 | -10.66 |
| Other Income Expense | 1.93 | -0.09 | 0.14 | 0.26 |
| Other Non Operating Income Expenses | 1.95 | -0.01 | 0.17 | 0.26 |
| Special Income Charges | -0.02 | -0.08 | -0.02 | 0 |
| Gain On Sale Of Ppe | -0.02 | -0.08 | -0.02 | 0 |
| Gain On Sale Of Business | 0 | 0 | 0 | 0 |
| Other Special Charges | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -0.14 | 0.19 | 0.38 | 0.81 |
| Total Other Finance Cost | 0.06 | 0.09 | 0.07 | 0.08 |
| Interest Expense Non Operating | 0.17 | 0.32 | 0.47 | 0.23 |
| Interest Income Non Operating | 0.10 | 0.61 | 0.92 | 1.12 |
| Operating Revenue | 70.60 | 89.73 | 59.12 | 61.67 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Perma-Fix Environmental Services, Inc.this co. | PESI | $227M | - | 4.52 | -27.5% | -22.03 |
| Alta Equipment Group Inc. | ALTG | $242M | - | -27.19 | 912.5% | 26.59 |
| AIRO Group Holdings, Inc. | AIRO | $236M | - | 0.32 | -0.6% | -10.00 |
| RCM Technologies, Inc. | RCMT | $233M | 14.67 | 5.02 | 35.5% | 9.20 |
| Gencor Industries, Inc. | GENC |
| $212M |
| 13.91 |
| 0.99 |
| 7.4% |
| 4.37 |
| AirJoule Technologies Corporation | AIRJ | $206M | - | 0.69 | -3.4% | -13.58 |
| Xerox Holdings Corporation | XRX | $205M | - | 0.45 | -152.9% | 15.41 |
| PAMT CORP | PAMT | $204M | - | 0.97 | -25.0% | 122.57 |
| SEACOR Marine Holdings Inc. | SMHI | $202M | - | 0.76 | -10.5% | -178.26 |
| Peer Median | - | 14.29 | 0.72 | -2.0% | 6.79 | |