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Stocks · Materials · Chemicals & Allied Products

Perimeter Solutions, Inc.

PRM Clue Score47
United States Fiscal year ends December CIK 0001880319
$27.75 +0.18% Close, 9 Oct 2026
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Price $27.75 +632.19% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 9 Nov 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue239.3Operating income−5.8Net income−42.0EPS, diluted−0.79Fiscal year 2020Revenue339.6 +41.9%Operating income71.5Net income24.2EPS, diluted0.46Fiscal year 2022Revenue360.5 +6.2%Operating income130.1Net income91.8 +278.4%EPS, diluted0.52Fiscal year 2023Revenue322.1 −10.7%Operating income94.5Net income67.5 −26.5%EPS, diluted0.41Fiscal year 2024Revenue561.0 +74.2%Operating income−3.8Net income−5.9 −108.7%EPS, diluted−0.04Fiscal year 2025Revenue652.9 +16.4%Operating income−200.9Net income−206.4EPS, diluted−1.37
FY2019FY2020FY2022FY2023FY2024FY2025
Revenue 239.3 339.6 360.5 322.1 561.0 652.9
Growth +41.9% +6.2% −10.7% +74.2% +16.4%
Operating income −5.8 71.5 130.1 94.5 −3.8 −200.9
Net income −42.0 24.2 91.8 67.5 −5.9 −206.4
Growth +278.4% −26.5% −108.7%
EPS, diluted −0.79 0.46 0.52 0.41 −0.04 −1.37

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin35.1%Operating margin−2.4%Net margin−17.6%Free cash flow margin−3.8%Fiscal year 2020Gross margin47.7%Operating margin21.0%Net margin7.1%Free cash flow margin18.6%Fiscal year 2022Gross margin35.7%Operating margin36.1%Net margin25.5%Free cash flow margin−13.5%Fiscal year 2023Gross margin39.8%Operating margin29.3%Net margin21.0%Free cash flow margin−2.9%Fiscal year 2024Gross margin56.5%Operating margin−0.7%Net margin−1.1%Free cash flow margin30.8%Fiscal year 2025Gross margin57.5%Operating margin−30.8%Net margin−31.6%Free cash flow margin31.9%
FY2019FY2020FY2022FY2023FY2024FY2025
Gross margin 35.1% 47.7% 35.7% 39.8% 56.5% 57.5%
Operating margin −2.4% 21.0% 36.1% 29.3% −0.7% −30.8%
Net margin −17.6% 7.1% 25.5% 21.0% −1.1% −31.6%
Free cash flow margin −3.8% 18.6% −13.5% −2.9% 30.8% 31.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−0.3Capital expenditure−8.9Free cash flow−9.2Fiscal year 2020Operating cash flow70.8Capital expenditure−7.5Free cash flow63.3Buybacks0.0Fiscal year 2022Operating cash flow−40.2Capital expenditure−8.6Free cash flow−48.8 −177.0%Buybacks−49.3Fiscal year 2023Operating cash flow0.2Capital expenditure−9.4Free cash flow−9.2Buybacks−64.1Fiscal year 2024Operating cash flow188.4Capital expenditure−15.5Free cash flow172.9Buybacks−14.4Fiscal year 2025Operating cash flow238.1Capital expenditure−29.6Free cash flow208.6 +20.7%Buybacks−40.4
FY2019FY2020FY2022FY2023FY2024FY2025
Operating cash flow −0.3 70.8 −40.2 0.2 188.4 238.1
Capital expenditure −8.9 −7.5 −8.6 −9.4 −15.5 −29.6
Free cash flow −9.2 63.3 −48.8 −9.2 172.9 208.6
Growth −177.0% +20.7%
Buybacks n/a 0.0 −49.3 −64.1 −14.4 −40.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash9.8Shareholders’ equity262.4Fiscal year 2020Cash22.5Total debt687.3Net cash (debt)−664.8Shareholders’ equity291.4Debt to equity2.36Fiscal year 2022Cash126.8Total debt665.3Net cash (debt)−538.5Shareholders’ equity1,138.9Debt to equity0.58Fiscal year 2023Cash47.3Total debt666.5Net cash (debt)−619.2Shareholders’ equity1,152.3Debt to equity0.58Fiscal year 2024Cash198.5Total debt667.8Net cash (debt)−469.3Shareholders’ equity1,157.3Debt to equity0.58Fiscal year 2025Cash325.9Total debt669.1Net cash (debt)−343.2Shareholders’ equity1,133.3Debt to equity0.59
FY2019FY2020FY2022FY2023FY2024FY2025
Cash 9.8 22.5 126.8 47.3 198.5 325.9
Total debt n/a 687.3 665.3 666.5 667.8 669.1
Net cash (debt) n/a −664.8 −538.5 −619.2 −469.3 −343.2
Shareholders’ equity 262.4 291.4 1,138.9 1,152.3 1,157.3 1,133.3
Debt to equity n/a 2.36 0.58 0.58 0.58 0.59

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
239.3 339.6 360.5 322.1 561.0 652.9
Growth +41.9% +6.2% −10.7% +74.2% +16.4%
155.4 177.5 231.9 193.8 243.9 277.7
83.9 162.0 128.7 128.3 317.1 375.2
Growth +93.2% −20.6% −0.3% +147.2% +18.3%
36.2 37.7 60.3 46.5 66.9 77.6
−5.8 71.5 130.1 94.5 −3.8 −200.9
Growth +82.0% −27.4% −104.0%
−59.7 34.7 97.2 61.6 −46.9 −236.2
−17.7 10.5 5.5 −5.9 −41.0 −29.9
−42.0 24.2 91.8 67.5 −5.9 −206.4
Growth +278.4% −26.5% −108.7%
Per share
−0.79 0.46 0.57 0.44 −0.04 −1.37
−0.79 0.46 0.52 0.41 −0.04 −1.37
Growth +13.0% −21.2% −109.8%
53.0 53.0 160.9 154.7 145.7 150.4
53.0 53.0 175.1 166.5 145.7 150.4
Growth +0.0% +230.1% −4.9% −12.5% +3.2%

† The diluted share count jumps at 2022, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 22.2% a year over five years.
  • Operating margin is down 28.4 points on five years ago, at -30.8%.
  • A net loss in 3 of 6 years on file.