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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% | -31.0% |
| 2024 | $59M | $-13M | $-20M | $-19M | -32.0% | -34.1% | -4219.4% |
| 2023 | $90M | $4M | $0M | $4M | 1.2% | 27.1% | -112.7% |
| 2022 | $71M | $-1M | $-4M | $-2M | -10.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 70.60 | 89.74 | 59.12 | 61.67 |
| Operating Revenue | - | 70.60 | 89.74 | 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 |
| Research And Development | - | 0.34 | 0.56 | 1.17 | 1.29 |
| Selling General And Administration | - | 14.65 | 14.98 | 14.49 | 16.42 |
| Total Expenses | - | 75.98 | 88.90 | 74.78 | 73.41 |
| Operating Income | - | -5.38 | 0.83 | -15.66 | -11.73 |
| Total Operating Income As Reported | - | -5.40 | 0.76 | -15.68 | -11.74 |
| EBITDA | - | -1.30 | 3.83 | -12.90 | -8.68 |
| Normalized EBITDA | - | -1.29 | 3.90 | -12.88 | -8.68 |
| EBIT | - | -3.41 | 1.26 | -14.66 | -10.44 |
| Interest Income | - | 0.10 | 0.61 | 0.92 | 1.12 |
| Interest Expense | - | 0.18 | 0.32 | 0.47 | 0.23 |
| Net Interest Income | - | -0.14 | 0.19 | 0.38 | 0.81 |
| Other Non Operating Income Expenses | - | 1.94 | -0.01 | 0.17 | 0.26 |
| Other Income Expense | - | 1.93 | -0.09 | 0.14 | 0.26 |
| Interest Income Non Operating | - | 0.10 | 0.61 | 0.92 | 1.12 |
| Interest Expense Non Operating | - | 0.18 | 0.32 | 0.47 | 0.23 |
| Net Non Operating Interest Income Expense | - | -0.14 | 0.19 | 0.38 | 0.81 |
| Pretax Income | - | -3.59 | 0.94 | -15.13 | -10.66 |
| Tax Provision | - | -0.38 | 0.02 | 4.43 | 0 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -3.21 | 0.92 | -19.57 | -10.66 |
| Net Income From Continuing And Discontinued Operation | - | -3.82 | 0.48 | -19.98 | -13.78 |
| Net Income From Continuing Operation Net Minority Interest | - | -3.21 | 0.92 | -19.57 | -10.66 |
| Net Income | - | -3.82 | 0.48 | -19.98 | -13.78 |
| Net Income Common Stockholders | - | -3.82 | 0.48 | -19.98 | -13.78 |
| Net Income Including Noncontrolling Interests | - | -3.82 | 0.48 | -19.98 | -13.78 |
| Normalized Income | - | -3.19 | 0.99 | -19.55 | -10.66 |
| Diluted NI Availto Com Stockholders | - | -3.82 | 0.48 | -19.98 | -13.78 |
| Basic Average Shares | - | 13.28 | 13.51 | 15.07 | 18.46 |
| Diluted Average Shares | - | 13.28 | 13.74 | 15.07 | 18.46 |
| Reconciled Depreciation | - | 2.11 | 2.57 | 1.76 | 1.76 |
| Reconciled Cost Of Revenue | - | 60.99 | 73.37 | 59.12 | 55.70 |
| Total Unusual Items | - | -0.02 | -0.08 | -0.02 | 0 |
| Total Unusual Items Excluding Goodwill | - | -0.02 | -0.08 | -0.02 | 0 |
| Minority Interests | 0.16 | 0 | - | - | - |
| Net Income Discontinuous Operations | - | -0.60 | -0.43 | -0.41 | -3.12 |
| Special Income Charges | - | -0.02 | -0.08 | -0.02 | 0 |
| Gain On Sale Of Business | -1.06 | 0 | - | - | - |
| Other Special Charges | -5.38 | - | - | - | - |
| Gain On Sale Of Ppe | - | -0.02 | -0.08 | -0.02 | 0 |
| Total Other Finance Cost | - | 0.06 | 0.09 | 0.07 | 0.08 |
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 | $217M | -15.75 | 4.33 | -27.5% | -24.16 |
| Outdoor Holding Company | POWW | $236M | -1.80 | 1.06 | -58.9% | -4.57 |
| EVI Industries, Inc. | EVI | $229M | 30.60 | 1.60 | 5.2% | 13.95 |
| Alta Equipment Group Inc. | ALTG | $226M | -2.81 | -25.66 | 912.5% | 8.40 |
| Gencor Industries, Inc. |
| 2021 | - | - | - | - | - | - | - |
| GENC |
| $217M |
| 13.88 |
| 1.03 |
| 7.4% |
| 4.97 |
| TrueBlue, Inc. | TBI | $209M | - | 0.76 | -17.5% | 394.69 |
| SEACOR Marine Holdings Inc. | SMHI | $203M | -7.30 | 0.77 | -10.5% | 7.34 |
| Mammoth Energy Services, Inc. | TUSK | $185M | 40.24 | 0.72 | 1.8% | -4.84 |
| Proficient Auto Logistics, Inc. | PAL | $180M | -5.00 | 0.58 | -11.6% | 95.31 |
| Peer Median | - | -1.80 | 0.76 | -4.4% | 7.87 | |