Feed / PRM

Perimeter Solutions, Inc.

PRM

Basic Materials · 30.52 -2.2% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Perimeter Solutions, Inc.'s current read is isolated; its market group is not confirming.

The latest filing is mixed. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

What changed
  • Revenue increased 73.6% versus the comparable filing period.
  • Operating margin fell 50.1 percentage points.
Company-2.2% todayVolume comparison unavailable
Market group0 of 14 activeMixed Sector Exposure · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • Reported interest expense rose materially year-over-year, attributed primarily to higher average debt outstanding from the January 2026 issuance of the 2034 Notes.

Invalidation: The isolated read changes if PRM's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Basic Materials · Specialty Chemicals

The latest filing is mixed. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 73.6% versus the comparable filing period.
  • Net income increased 28.7% versus the comparable filing period.
Evidence that challenges
  • Operating margin fell 50.1 percentage points.
  • Net margin fell 20.4 percentage points.
  • Operating cash flow covered only -1.22x net income.
What would clarify the read
  • Reported interest expense rose materially year-over-year, attributed primarily to higher average debt outstanding from the January 2026 issuance of the 2034 Notes.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods7
Price observations327
Usable filing statements65
Verified relationships0
Evidence supporting the case
  • Latest annual revenue changed +16.4% year over year.
Evidence challenging the case
  • Operating margin changed -30.1 percentage points in the latest annual period.
  • Net margin changed -30.6 percentage points in the latest annual period.
  • Diluted shares increased 3.2% in the latest annual period.
Questions before a position
  • EV/sales is 126% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

30.52
6m+31.0%12m+37.5%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-11-08$341.3M+0.5%$0.39+0.0%
2022-12-31$360.5M+5.6%$0.52
2023-12-31$322.1M-10.7%$0.41-4.9%
2024-12-31$561.0M+74.2%$-0.04-12.5%
2025-12-31$652.9M+16.4%$-1.37+3.2%

What management says matters

Persistent and emerging business drivers

Credit and interest ratespositive · 2 filings
Interest expense, net increased $24.4 million for the six months ended June 30, 2026, compared to the same period in 2025, primarily due to higher average debt outstanding resulting from the Company’s offering of the 2034 Notes in January 2026.
10-Q · Jul 31, 2026
Input and raw-material costsnegative · 2 filings
The increase in the Fire Safety segment of $2.4 million was primarily due to a $3.6 million increase in personnel related expenses, offset by a $1.2 million decrease in material, manufacturing and freight costs.
10-Q · Oct 30, 2025

Valuation discipline

Descriptive valuation snapshot

Price/sales 7.0× · EV/sales 7.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

30.52-2.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for PRM. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

The latest filing presents a mixed picture

10-Q filed 2026-05-06 against the comparable filing from 2025-05-08.

mixed
OperationsconstructiveEvidence score +2
liquiditycautiousEvidence score -1
valuationpremium

What improved

  • Revenue increased 73.6% versus the comparable filing period.
  • Net income increased 28.7% versus the comparable filing period.

What weakened

  • Operating margin fell 50.1 percentage points.
  • Net margin fell 20.4 percentage points.
  • Operating cash flow covered only -1.22x net income.

Filing receipts

Interest expense, net increased $14.7 million for the three months ended March 31, 2026, compared to the same period in 2025, primarily due to higher average debt outstanding resulting from the Company’s offering of the 2034 Notes in January 2026.

The decrease in the fair value of the Annual Advisory Amounts for the three months ended March 31, 2026 of $76.4 million was primarily due to a decrease in the Company’s average price per share from $27.89 as of December 31, 2025 to $21.93 as of March 31, 2026.

The decrease in the fair value of the Annual Advisory Amounts for the three months ended March 31, 2025 of $80.6 million was primarily due to a decrease in the Company’s average price per share from $12.85 as of December 31, 2024, to $9.67 as of March 31, 2025.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind PRM

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

PRM is currently a Follower in the organic co-movement group Mixed Sector Exposure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.