Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
Basics
Sector
Basic Materials
Industry
Specialty Chemicals
Country
United States
Market cap
4.7B USD
Enterprise value
5.5B USD
Full-time employees
356
Overall health
Strength:growing faster than most peersgrowing faster than peers
Drawback:less profitable than most peersless profitable than peers
Drawback:its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback:higher risk than most peers: its share price swings more than most peers’ (beta 1.90 vs a peer median of 0.69) and more debt relative to equity (1.18× vs a peer median of 0.36×)higher risk: bigger price swings (beta 1.90 vs peers 0.69) and more debt vs equity (1.18× vs peers 0.36×)
Ranks #1,090 of 1,217 basic materials companies (bottom 11%)
Earnings slid into a loss. Loss per share this year after a profit last year.
Perimeter Solutions made a loss per share in its latest year after a profit the year before.
Operating margin at a 6-year low.-31% in 2025, the weakest of the last 6 years.
Perimeter Solutions's operating margin fell to -31% in 2025, its lowest in the 6 years of filings we have.
Valuation signals disagree. Cheaper than 46% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Perimeter Solutions looks cheaper than 46% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Growing fast, still losing money. Revenue grew faster than 86% of peers, at an operating loss.
Revenue grew faster than 86% of peers, but the business runs at an operating loss (margin -51%).
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield-7.3%
SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364
EBITDA yield-5.0%
SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0854 · MAD: 0.0520
Free cash flow yield2.1%
SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.20Sector median: 0.0261 · MAD: 0.0261
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Perimeter Solutions
Is Perimeter Solutions getting weaker?
Its latest SEC filing (Jul 31, 2026) got weaker in some ways: operating margin fell 21.4 points to -50.6%. Its overall score is unchanged at 24/100 since Oct 28, 2026.
How is Perimeter Solutions valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 15/100 against 1,371 basic materials peers.Earnings yield -7.3% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -7.3% vs peers 3.6% (weaker than 100% of peers).
Is Perimeter Solutions growing?
Yes, faster than most of its peers. Growth scores 80/100 against 1,371 basic materials peers.3-year revenue growth 33.0% vs a peer median of -0.0% (stronger than 95% of peers).3-year revenue growth 33.0% vs peers -0.0% (stronger than 95% of peers).
How profitable is Perimeter Solutions?
Less profitable than most of its peers. Profitability scores 0/100 against 1,371 basic materials peers.Operating margin -50.6% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -50.6% vs peers 7.6% (weaker than 100% of peers).
How risky is Perimeter Solutions?
Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Beta 1.90 vs a peer median of 0.69 (weaker than 100% of peers).Beta 1.90 vs peers 0.69 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 31, 2026 · compared with the quarter ended Mar 31, 2026
Got weaker
Operating margin fell 21.4 points to -50.6%
Worth watching: Perimeter Solutions is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.
Previous quarter
Latest quarter
Change
Revenue (12 months)
705.9M USD
757.1M USD
+7.2%
Net income (12 months)
−190.2M USD
−339.6M USD
+78.6%
Operating margin
-29.2%
-50.6%
−21.4 pts
Free cash flow (12 months)
94.9M USD
97.1M USD
+2.4%
Debt
1.2B USD
1.2B USD
+0.0%
Cash
91.6M USD
82.8M USD
−9.7%
Shares outstanding
163.1M
163.7M
+0.3%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Specialty Chemicals · 32 companies
Valuations in Specialty Chemicals are above their usual range since 2016.
74% of months since 2016 were valued lower than now.
17% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −8% and earnings +13% (medians): earnings grew faster than prices.
Median price-to-sales is −36% vs the whole market, against a usual −31%.
2016Shaded: most expensive fifth of its range2026
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2020
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
47.7%
35.7%
39.8%
56.5%
57.5%
▲ 0.9 pts
Operating margin
21.0%
36.1%
29.3%
-0.7%
-30.8%
▼ 30 pts
Net margin
7.1%
25.5%
21.0%
-1.1%
-31.6%
▼ 31 pts
Return on assets (ROA)
2.1%
3.7%
2.9%
-0.2%
-7.8%
▼ 7.5 pts
Return on equity (ROE)
8.3%
8.1%
5.9%
-0.5%
-18.2%
▼ 18 pts
Free cash flow margin
18.6%
-13.5%
-2.9%
30.8%
31.9%
▲ 1.1 pts
Current ratio
4.04×
4.16×
4.56×
6.31×
3.22×
▼ 49%
Quick ratio
2.25×
2.23×
1.91×
4.44×
2.42×
▼ 45%
Debt to equity
2.36×
0.58×
0.58×
0.58×
0.59×
▲ 2.3%
Interest coverage
1.70×
3.05×
2.28×
-0.09×
-5.13×
▼ >999%
PRM price history
Price history is added with the daily price update and will appear after the next one.