Perimeter Solutions (PRM) Financials

$31.14 -0.26 (-0.81%)

Closing price 03:59 PM Eastern

Extended Trading

$31.10 -0.04 (-0.13%)

As of 04:37 PM Eastern

Annual Income Statements for Perimeter Solutions

This table shows Perimeter Solutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-42	24	92	67	-5.91	-206
Consolidated Net Income / (Loss)	-42	24	92	67	-5.91	-206
Net Income / (Loss) Continuing Operations	-42	24	92	67	-5.91	-206
Total Pre-Tax Income	-60	35	97	62	-47	-236
Total Operating Income	-5.78	71	130	94	-3.77	-201
Total Gross Profit	84	162	129	128	317	375
Total Revenue	239	340	361	322	561	653
Operating Revenue	239	340	361	322	561	653
Total Cost of Revenue	155	178	232	194	244	278
Operating Cost of Revenue	155	178	232	194	244	278
Total Operating Expenses	90	91	-1.41	34	321	576
Selling, General & Admin Expense	39	38	60	47	67	78
Amortization Expense	51	51	55	55	55	60
Other Operating Expenses / (Income)	-	1.36	-117	-108	199	439
Impairment Charge	-	-	0.00	41	0.00	0.00
Total Other Income / (Expense), net	-54	-37	-33	-33	-43	-35
Interest Expense	52	42	43	41	40	39
Other Income / (Expense), net	-2.28	5.27	9.75	8.51	-2.64	3.82
Income Tax Expense	-18	10	5.47	-5.90	-41	-30
Basic Earnings per Share	($0.79)	$0.46	$0.57	$0.44	($0.04)	($1.37)
Weighted Average Basic Shares Outstanding	53.05M	53.05M	160.94M	154.67M	145.71M	150.37M
Diluted Earnings per Share	($0.79)	$0.46	$0.52	$0.41	($0.04)	($1.37)
Weighted Average Diluted Shares Outstanding	53.05M	53.05M	175.08M	166.45M	145.71M	150.37M
Weighted Average Basic & Diluted Shares Outstanding	-	-	158.63M	145.73M	149.66M	149.44M

This table shows Perimeter Solutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	19	-13	-83	22	-89	144	57	-32	-91	-140	73
Consolidated Net Income / (Loss)	19	-13	-83	22	-89	144	57	-32	-91	-140	73
Net Income / (Loss) Continuing Operations	19	-13	-83	22	-89	144	57	-32	-91	-140	73
Total Pre-Tax Income	23	-17	-87	34	-44	50	69	-34	-97	-174	50
Total Operating Income	27	-8.92	-75	45	-35	61	78	-26	-87	-165	72
Total Gross Profit	70	19	21	73	181	42	28	101	199	46	51
Total Revenue	143	59	59	127	288	86	72	163	315	103	125
Operating Revenue	143	59	59	127	288	86	72	163	315	103	125
Total Cost of Revenue	73	41	38	54	107	44	44	61	116	56	74
Operating Cost of Revenue	73	41	38	54	107	44	44	61	116	56	74
Total Operating Expenses	43	28	96	28	216	-19	-50	128	286	212	-22
Selling, General & Admin Expense	13	14	13	14	19	21	16	16	23	22	23
Amortization Expense	14	14	14	14	14	14	14	15	15	16	23
Other Operating Expenses / (Income)	-25	0.33	68	0.59	184	-54	-80	97	248	174	-67
Total Other Income / (Expense), net	-4.11	-8.42	-12	-11	-8.85	-11	-8.63	-7.62	-9.80	-9.26	-23
Interest Expense	10	10	11	11	10	9.17	9.64	9.93	9.87	9.69	24
Other Income / (Expense), net	6.34	2.02	-1.32	-0.30	1.20	-2.22	1.02	2.31	0.07	0.43	1.72
Income Tax Expense	3.78	-4.09	-4.27	12	45	-94	12	-1.69	-6.49	-34	-23
Basic Earnings per Share	$0.13	($0.08)	($0.57)	$0.15	($0.61)	$0.99	$0.38	($0.22)	($0.62)	($0.91)	$0.47
Weighted Average Basic Shares Outstanding	153.69M	154.67M	145.33M	145.24M	145.22M	145.71M	148.56M	147.06M	146.80M	150.37M	153.86M
Diluted Earnings per Share	$0.12	($0.08)	($0.57)	$0.14	($0.61)	$1.00	$0.36	($0.22)	($0.62)	($0.89)	$0.44
Weighted Average Diluted Shares Outstanding	165.48M	166.45M	145.33M	154.66M	145.22M	145.71M	156.73M	147.06M	146.80M	150.37M	165.07M
Weighted Average Basic & Diluted Shares Outstanding	152.78M	145.73M	145.24M	145.22M	146.23M	149.66M	147.73M	146.45M	147.92M	149.44M	163.13M

This table details how cash moves in and out of Perimeter Solutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-6.14	13	-99	-79	151	127
Net Cash From Operating Activities	-0.31	71	-40	0.19	188	238
Net Cash From Continuing Operating Activities	-0.31	71	-40	0.19	188	238
Net Income / (Loss) Continuing Operations	-42	24	92	67	-5.91	-206
Consolidated Net Income / (Loss)	-42	24	92	67	-5.91	-206
Depreciation Expense	58	58	66	65	66	74
Amortization Expense	3.56	3.47	26	1.66	1.73	1.91
Non-Cash Adjustments To Reconcile Net Income	0.00	-5.64	-141	-61	223	456
Changes in Operating Assets and Liabilities, net	-20	-9.37	-83	-73	-96	-88
Net Cash From Investing Activities	-25	-9.47	-10	-15	-43	-107
Net Cash From Continuing Investing Activities	-25	-9.47	-10	-15	-43	-107
Purchase of Property, Plant & Equipment	-8.86	-7.50	-8.61	-9.44	-16	-30
Acquisitions	-16	-1.97	-1.64	0.00	-33	-77
Purchase of Investments	-	-	0.00	-5.46	0.00	0.00
Sale and/or Maturity of Investments	-	-	0.00	0.00	5.38	0.00
Net Cash From Financing Activities	21	-46	-49	-64	8.35	-8.97
Net Cash From Continuing Financing Activities	21	-46	-49	-64	8.35	-8.97
Repayment of Debt	-66	-118	0.00	0.00	0.00	-3.05
Repurchase of Common Equity	-	0.00	-49	-64	-14	-40
Other Financing Activities, net	-	0.00	0.53	-0.39	23	34
Effect of Exchange Rate Changes	-1.69	-3.09	0.43	-0.32	-2.62	5.11
Cash Interest Paid	45	45	35	37	37	37
Cash Income Taxes Paid	8.17	19	13	26	75	49

This table details how cash moves in and out of Perimeter Solutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	50	-24	-13	8.78	180	-25	1.59	-59	200	-15	-234
Net Cash From Operating Activities	63	10	2.79	8.63	183	-5.99	24	-2.85	199	19	-89
Net Cash From Continuing Operating Activities	63	10	2.79	8.63	183	-5.99	24	-2.85	199	19	-89
Net Income / (Loss) Continuing Operations	19	-13	-83	22	-89	144	57	-32	-91	-140	73
Consolidated Net Income / (Loss)	19	-13	-83	22	-89	144	57	-32	-91	-140	73
Depreciation Expense	16	16	16	16	16	17	17	18	19	20	27
Amortization Expense	0.42	0.42	0.43	0.43	0.44	0.44	0.44	0.45	0.45	0.57	0.71
Non-Cash Adjustments To Reconcile Net Income	22	3.54	72	6.56	189	-44	-83	100	258	181	-166
Changes in Operating Assets and Liabilities, net	4.74	3.34	-3.31	-36	66	-123	32	-89	12	-43	-23
Net Cash From Investing Activities	-2.26	-8.26	-0.47	0.66	-3.88	-39	-15	-28	-17	-47	-688
Net Cash From Continuing Investing Activities	-2.26	-8.26	-0.47	0.66	-3.88	-39	-15	-28	-17	-47	-688
Purchase of Property, Plant & Equipment	-2.26	-2.81	-1.55	-3.64	-3.88	-6.46	-4.81	-13	-5.02	-6.99	-5.80
Acquisitions	-	-	0.00	-	-	-	-10	-15	-12	-40	-682
Net Cash From Financing Activities	-10	-27	-14	-0.33	-0.18	23	-8.39	-32	19	13	543
Net Cash From Continuing Financing Activities	-10	-27	-14	-0.33	-0.18	23	-8.39	-32	19	13	543
Repayment of Debt	-	-	-0.17	-	-	-	-0.25	-0.23	-0.21	-2.37	-10
Repurchase of Common Equity	-10	-27	-14	-0.14	-0.00	-	-8.18	-32	-	-	0.00
Issuance of Debt	-	-	-	-	-	-	0.00	-	-	-	550
Other Financing Activities, net	-0.15	0.25	0.00	-	-0.18	24	0.04	0.25	19	15	3.00
Effect of Exchange Rate Changes	-0.62	0.31	-0.76	-0.18	0.99	-2.67	1.05	3.62	-0.62	1.06	-0.01
Cash Interest Paid	2.82	17	0.15	17	3.13	17	0.01	20	0.17	17	0.15
Cash Income Taxes Paid	2.25	5.40	0.82	3.63	27	43	0.53	12	15	21	-2.03

This table presents Perimeter Solutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,138	2,578	2,457	2,315	2,416	2,653
Total Current Assets	133	372	309	251	394	564
Cash & Equivalents	22	226	127	47	198	326
Accounts Receivable	29	24	27	40	56	64
Inventories, net	59	107	143	146	116	140
Prepaid Expenses	11	14	12	18	23	34
Plant, Property, & Equipment, net	48	62	59	59	65	85
Total Noncurrent Assets	957	2,144	2,089	2,005	1,958	2,004
Noncurrent Note & Lease Receivables	-	-	0.00	6.06	6.17	5.71
Goodwill	482	1,041	1,031	1,036	1,035	1,065
Intangible Assets	474	1,101	1,037	945	898	899
Other Noncurrent Operating Assets	1.21	2.22	20	18	18	34
Total Liabilities & Shareholders' Equity	1,138	2,578	2,457	2,315	2,416	2,653
Total Liabilities	847	1,497	1,318	1,163	1,259	1,520
Total Current Liabilities	33	100	74	55	62	175
Accounts Payable	9.87	81	41	24	30	126
Accrued Expenses	16	19	33	31	30	47
Current Deferred Revenue	0.29	0.45	-	0.00	1.84	1.88
Total Noncurrent Liabilities	814	1,396	1,244	1,108	1,197	1,345
Long-Term Debt	681	664	665	666	668	669
Noncurrent Deferred & Payable Income Tax Liabilities	112	297	278	253	152	80
Other Noncurrent Operating Liabilities	21	123	300	188	377	595
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	291	1,082	1,139	1,152	1,157	1,133
Total Preferred & Common Equity	291	1,082	1,139	1,152	1,157	1,133
Total Common Equity	291	1,082	1,139	1,152	1,157	1,133
Common Stock	342	1,827	1,862	1,866	1,911	2,101
Retained Earnings	-48	-739	-648	-581	-587	-793
Treasury Stock	-	0.00	-49	-113	-128	-168
Accumulated Other Comprehensive Income / (Loss)	-3.17	-7.14	-25	-20	-39	-6.37

This table presents Perimeter Solutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,501	2,422	2,388	2,360	2,279	2,322	2,462	2,405	2,486	2,645	3,164
Total Current Assets	378	286	262	294	237	295	439	385	420	584	398
Cash & Equivalents	166	92	22	72	34	43	223	200	141	341	92
Accounts Receivable	86	25	63	72	38	96	98	45	121	107	88
Inventories, net	120	156	163	140	145	142	108	123	150	130	191
Prepaid Expenses	4.88	12	11	6.98	19	14	9.73	18	7.96	6.68	28
Plant, Property, & Equipment, net	57	59	59	58	58	59	62	68	79	82	101
Total Noncurrent Assets	2,066	2,077	2,067	2,007	1,984	1,967	1,962	1,952	1,987	1,980	2,665
Noncurrent Note & Lease Receivables	-	-	4.81	5.59	6.75	6.55	6.32	6.09	6.08	5.93	5.49
Goodwill	1,019	1,033	1,034	1,029	1,031	1,030	1,036	1,039	1,053	1,054	1,365
Intangible Assets	1,045	1,025	1,012	954	928	914	903	889	897	888	1,250
Other Noncurrent Operating Assets	1.88	19	16	18	17	17	16	18	31	32	44
Total Liabilities & Shareholders' Equity	2,501	2,422	2,388	2,360	2,279	2,322	2,462	2,405	2,486	2,645	3,164
Total Liabilities	1,302	1,276	1,213	1,183	1,227	1,246	1,462	1,189	1,308	1,534	1,960
Total Current Liabilities	167	71	66	64	63	82	112	74	104	264	129
Accounts Payable	42	35	39	25	22	31	38	32	52	182	64
Accrued Expenses	124	36	25	38	40	43	65	36	32	72	61
Current Deferred Revenue	1.27	-	2.65	1.17	-	7.93	8.79	6.41	20	9.65	3.32
Total Noncurrent Liabilities	1,135	1,205	1,146	1,119	1,165	1,165	1,350	1,115	1,204	1,270	1,831
Long-Term Debt	665	666	666	666	667	667	667	668	668	669	1,210
Capital Lease Obligations	-	-	-	5.04	6.20	-	6.09	5.98	-	5.83	5.56
Noncurrent Deferred & Payable Income Tax Liabilities	223	272	268	267	248	248	254	161	143	96	122
Other Noncurrent Operating Liabilities	112	130	213	181	244	250	423	280	392	500	494
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,199	1,146	1,175	1,177	1,052	1,075	1,000	1,216	1,179	1,111	1,205
Total Preferred & Common Equity	1,199	1,146	1,175	1,177	1,052	1,075	1,000	1,216	1,179	1,111	1,205
Total Common Equity	1,199	1,146	1,175	1,177	1,052	1,075	1,000	1,216	1,179	1,111	1,205
Common Stock	1,861	1,859	1,860	1,862	1,868	1,871	1,875	1,914	1,916	1,942	2,106
Retained Earnings	-613	-639	-587	-568	-663	-642	-731	-530	-562	-653	-720
Treasury Stock	-7.57	-50	-77	-87	-128	-128	-128	-136	-168	-168	-168
Accumulated Other Comprehensive Income / (Loss)	-42	-24	-22	-30	-25	-26	-16	-31	-7.23	-9.55	-13

This table displays calculated financial ratios and metrics derived from Perimeter Solutions' official financial filings.

Metric	2019	2020	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	41.90%	0.00%	-10.65%	74.16%	16.38%
EBITDA Growth	0.00%	158.46%	0.00%	-26.95%	-63.98%	-298.49%
EBIT Growth	0.00%	1,052.69%	0.00%	-26.36%	-106.22%	-2,978.91%
NOPAT Growth	0.00%	1,334.02%	0.00%	-15.68%	-102.55%	-5,233.95%
Net Income Growth	0.00%	157.68%	0.00%	-26.45%	-108.75%	-3,394.77%
EPS Growth	0.00%	158.23%	0.00%	-21.15%	-109.76%	-3,325.00%
Operating Cash Flow Growth	0.00%	23,321.64%	0.00%	100.48%	97,510.36%	26.41%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	1,410.42%	-93.38%
Invested Capital Growth	0.00%	0.00%	0.00%	5.61%	-8.18%	-9.23%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	5.98%	5.01%	2.60%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	39.92%	1,295.81%	-222.87%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	88.14%	91.16%	-837.61%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	60.61%	94.91%	-886.36%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	231.33%	96.38%	-364.45%
EPS Q/Q Growth	0.00%	0.00%	0.00%	173.33%	96.43%	-363.46%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	102.67%	-8.01%	11.51%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-92.12%	-48.14%	-59.47%
Invested Capital Q/Q Growth	0.00%	0.00%	-8.44%	-0.30%	12.13%	2.16%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	35.05%	47.72%	35.69%	39.83%	56.52%	57.46%
EBITDA Margin	22.37%	40.74%	64.36%	52.62%	10.88%	-18.56%
Operating Margin	-2.41%	21.05%	36.08%	29.32%	-0.67%	-30.78%
EBIT Margin	-3.37%	22.60%	38.78%	31.96%	-1.14%	-30.19%
Profit (Net Income) Margin	-17.57%	7.14%	25.45%	20.95%	-1.05%	-31.61%
Tax Burden Percent	70.40%	69.82%	94.38%	109.59%	12.60%	87.35%
Interest Burden Percent	741.20%	45.25%	69.54%	59.81%	732.01%	119.85%
Effective Tax Rate	0.00%	30.18%	5.63%	-9.59%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	10.44%	7.32%	6.00%	-0.16%	-9.07%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	2.72%	1.56%	-0.22%	-0.76%	-25.24%
Return on Net Nonoperating Assets (RNNOA)	0.00%	6.20%	0.74%	-0.11%	-0.36%	-8.95%
Return on Equity (ROE)	0.00%	16.64%	8.06%	5.89%	-0.51%	-18.02%
Cash Return on Invested Capital (CROIC)	0.00%	-189.56%	0.00%	0.55%	8.37%	0.61%
Operating Return on Assets (OROA)	0.00%	6.74%	5.55%	4.32%	-0.27%	-7.78%
Return on Assets (ROA)	0.00%	2.13%	3.64%	2.83%	-0.25%	-8.14%
Return on Common Equity (ROCE)	0.00%	16.64%	8.06%	5.89%	-0.51%	-18.02%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.32%	8.06%	5.86%	-0.51%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.04	50	123	104	-2.64	-141
NOPAT Margin	-1.69%	14.70%	34.05%	32.13%	-0.47%	-21.54%
Net Nonoperating Expense Percent (NNEP)	0.00%	7.72%	5.75%	6.22%	0.60%	16.18%
Return On Investment Capital (ROIC_SIMPLE)	-	-	6.80%	5.69%	-0.14%	-7.80%
Cost of Revenue to Revenue	64.95%	52.28%	64.31%	60.17%	43.48%	42.54%
SG&A Expenses to Revenue	16.11%	11.12%	16.73%	14.44%	11.93%	11.88%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	37.47%	26.67%	-0.39%	10.51%	57.20%	88.24%
Earnings before Interest and Taxes (EBIT)	-8.06	77	140	103	-6.40	-197
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	54	138	232	169	61	-121
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.26	0.61	1.61	3.59
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	3.99	2.18	3.33	6.24
Price to Earnings (P/E)	0.00	0.00	15.66	10.41	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	6.38%	9.60%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.18	0.75	1.44	2.99
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	5.48	4.10	4.17	6.76
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	8.52	7.80	38.30	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	14.13	12.84	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	16.10	12.77	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	6,849.87	12.41	18.54
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	140.34	16.43	468.59
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	2.36	0.58	0.58	0.58	0.59
Long-Term Debt to Equity	0.00	2.34	0.58	0.58	0.58	0.59
Financial Leverage	0.00	2.28	0.47	0.51	0.47	0.35
Leverage Ratio	0.00	3.91	2.27	2.08	2.05	2.21
Compound Leverage Factor	0.00	1.77	1.58	1.25	15.00	2.65
Debt to Total Capital	0.00%	70.22%	36.87%	36.64%	36.59%	37.12%
Short-Term Debt to Total Capital	0.00%	0.69%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	69.54%	36.87%	36.64%	36.59%	37.12%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	29.78%	63.13%	63.36%	63.41%	62.88%
Debt to EBITDA	0.00	4.97	2.87	3.93	10.94	-5.52
Net Debt to EBITDA	0.00	4.81	2.32	3.65	7.69	-2.83
Long-Term Debt to EBITDA	0.00	4.92	2.87	3.93	10.94	-5.52
Debt to NOPAT	0.00	13.77	5.42	6.44	-253.24	-4.76
Net Debt to NOPAT	0.00	13.32	4.39	5.98	-177.98	-2.44
Long-Term Debt to NOPAT	0.00	13.64	5.42	6.44	-253.24	-4.76
Altman Z-Score	0.00	0.00	0.73	0.40	0.94	1.37
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	4.04	4.16	4.56	6.31	3.22
Quick Ratio	0.00	1.56	2.07	1.58	4.07	2.23
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-906	0.00	9.42	142	9.42
Operating Cash Flow to CapEx	-3.44%	944.72%	-466.41%	2.05%	1,212.98%	804.80%
Free Cash Flow to Firm to Interest Expense	0.00	-21.57	0.00	0.23	3.52	0.24
Operating Cash Flow to Interest Expense	-0.01	1.69	-0.94	0.00	4.66	6.09
Operating Cash Flow Less CapEx to Interest Expense	-0.18	1.51	-1.15	-0.22	4.27	5.33
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.30	0.14	0.14	0.24	0.26
Accounts Receivable Turnover	0.00	11.75	14.15	9.73	11.73	10.84
Inventory Turnover	0.00	3.02	1.86	1.34	1.86	2.17
Fixed Asset Turnover	0.00	7.04	5.95	5.45	9.03	8.71
Accounts Payable Turnover	0.00	17.99	3.79	5.89	8.94	3.56
Days Sales Outstanding (DSO)	0.00	31.06	25.80	37.53	31.11	33.66
Days Inventory Outstanding (DIO)	0.00	120.86	196.68	271.77	196.06	168.22
Days Payable Outstanding (DPO)	0.00	20.29	96.40	61.95	40.81	102.66
Cash Conversion Cycle (CCC)	0.00	131.63	126.09	247.35	186.36	99.22
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	956	1,677	1,772	1,627	1,477
Invested Capital Turnover	0.00	0.71	0.21	0.19	0.33	0.42
Increase / (Decrease) in Invested Capital	0.00	956	0.00	94	-145	-150
Enterprise Value (EV)	0.00	0.00	1,976	1,322	2,338	4,416
Market Capitalization	0.00	0.00	1,437	703	1,869	4,072
Book Value per Share	$0.00	$5.49	$7.24	$7.54	$7.91	$7.66
Tangible Book Value per Share	$0.00	($12.52)	($5.91)	($5.43)	($5.30)	($5.62)
Total Capital	0.00	979	1,804	1,819	1,825	1,802
Total Debt	0.00	687	665	666	668	669
Total Long-Term Debt	0.00	681	665	666	668	669
Net Debt	0.00	665	539	619	469	343
Capital Expenditures (CapEx)	8.86	7.50	8.61	9.44	16	30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	84	108	149	133	63
Debt-free Net Working Capital (DFNWC)	0.00	107	234	196	332	389
Net Working Capital (NWC)	0.00	100	234	196	332	389
Net Nonoperating Expense (NNE)	38	26	31	36	3.27	66
Net Nonoperating Obligations (NNO)	0.00	665	539	619	469	343
Total Depreciation and Amortization (D&A)	62	62	92	67	67	76
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	24.84%	29.85%	46.16%	23.72%	9.64%
Debt-free Net Working Capital to Revenue	0.00%	31.46%	65.01%	60.84%	59.10%	59.56%
Net Working Capital to Revenue	0.00%	29.48%	65.01%	60.84%	59.10%	59.56%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.44	($0.04)	($1.37)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	154.67M	145.71M	150.37M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.41	($0.04)	($1.37)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	166.45M	145.71M	150.37M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	145.73M	149.66M	149.44M
Normalized Net Operating Profit after Tax (NOPAT)	-4.04	50	123	95	-2.64	-141
Normalized NOPAT Margin	-1.69%	14.70%	34.05%	29.38%	-0.47%	-21.54%
Pre Tax Income Margin	-24.95%	10.23%	26.97%	19.12%	-8.35%	-36.19%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	-0.16	1.83	3.28	2.49	-0.16	-5.04
NOPAT to Interest Expense	-0.08	1.19	2.88	2.50	-0.07	-3.59
EBIT Less CapEx to Interest Expense	-0.33	1.65	3.08	2.26	-0.54	-5.79
NOPAT Less CapEx to Interest Expense	-0.25	1.01	2.68	2.27	-0.45	-4.35
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	-29.40%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-29.40%	0.00%	53.77%	94.93%	-244.20%	-19.56%

This table displays calculated financial ratios and metrics derived from Perimeter Solutions' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	149,440,060.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	149,440,060.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.49
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.12%	44.05%	34.63%	67.17%	102.17%	45.04%	21.99%	27.78%	9.37%	19.16%	73.63%
EBITDA Growth	-66.16%	125.71%	-299.47%	-22.76%	-134.17%	668.94%	262.04%	-109.02%	-296.54%	-289.05%	6.13%
EBIT Growth	-74.39%	87.50%	-674.76%	-29.12%	-201.57%	957.24%	203.46%	-153.48%	-156.43%	-378.75%	-5.86%
NOPAT Growth	-80.28%	85.08%	-234.42%	-54.28%	-208.59%	2,936.57%	221.66%	-164.29%	-147.87%	-165.30%	66.36%
Net Income Growth	-81.85%	78.06%	-975.39%	-58.38%	-562.44%	1,188.82%	168.66%	-248.55%	-1.67%	-197.27%	28.67%
EPS Growth	-80.00%	76.47%	-1,050.00%	-54.84%	-608.33%	1,350.00%	163.16%	-257.14%	-1.64%	-189.00%	22.22%
Operating Cash Flow Growth	35.82%	246.18%	108.81%	120.89%	191.79%	-157.42%	752.33%	-133.04%	8.58%	410.67%	-474.64%
Free Cash Flow Firm Growth	106.77%	0.00%	165.59%	37.60%	287.21%	420.94%	-44.40%	-117.29%	-118.50%	-89.30%	-935.90%
Invested Capital Growth	-3.01%	5.61%	-8.99%	-6.58%	-18.36%	-8.18%	0.01%	0.43%	-0.37%	-9.23%	37.74%
Revenue Q/Q Growth	87.37%	-58.32%	-0.69%	115.56%	126.61%	-70.10%	-16.47%	125.79%	93.95%	-67.43%	21.72%
EBITDA Q/Q Growth	-36.96%	-80.30%	-700.11%	203.64%	-127.89%	543.20%	26.46%	-105.77%	-1,126.30%	-111.29%	170.99%
EBIT Q/Q Growth	-46.89%	-120.57%	-1,005.08%	158.70%	-176.11%	273.63%	33.38%	-130.34%	-264.91%	-88.75%	145.04%
NOPAT Q/Q Growth	-63.64%	-127.48%	-739.56%	154.49%	-186.38%	817.78%	-63.99%	-128.79%	-233.06%	-89.09%	191.74%
Net Income Q/Q Growth	-62.93%	-168.67%	-523.50%	126.22%	-511.86%	261.69%	-60.68%	-156.74%	-181.89%	-54.68%	152.01%
EPS Q/Q Growth	-61.29%	-166.67%	-612.50%	124.56%	-535.71%	263.93%	-64.00%	-161.11%	-181.82%	-43.55%	149.44%
Operating Cash Flow Q/Q Growth	251.75%	-83.37%	-73.28%	209.83%	2,019.52%	-103.27%	496.63%	-112.01%	7,065.46%	-90.64%	-578.28%
Free Cash Flow Firm Q/Q Growth	-27.73%	-228.84%	214.09%	29.52%	103.39%	6.79%	-80.23%	-140.28%	-117.62%	161.77%	-1,643.77%
Invested Capital Q/Q Growth	-2.31%	-0.30%	-4.59%	0.52%	-14.62%	12.13%	3.92%	0.95%	-15.30%	2.16%	57.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.95%	31.52%	35.06%	57.57%	62.83%	48.58%	39.09%	62.41%	63.12%	45.15%	40.61%
EBITDA Margin	35.19%	16.63%	-100.51%	48.33%	-5.95%	88.18%	133.50%	-3.41%	-21.57%	-139.90%	81.60%
Operating Margin	19.04%	-15.00%	-126.79%	35.37%	-12.22%	71.11%	108.02%	-16.13%	-27.69%	-160.74%	57.96%
EBIT Margin	23.49%	-11.60%	-129.03%	35.14%	-11.80%	68.53%	109.43%	-14.71%	-27.67%	-160.33%	59.33%
Profit (Net Income) Margin	13.52%	-22.27%	-139.82%	17.01%	-30.92%	167.19%	78.70%	-19.77%	-28.74%	-136.48%	58.32%
Tax Burden Percent	83.61%	76.39%	95.08%	63.43%	202.24%	288.75%	81.94%	95.02%	93.32%	80.39%	146.32%
Interest Burden Percent	68.82%	251.44%	113.98%	76.32%	129.54%	84.49%	87.77%	141.52%	111.31%	105.88%	67.18%
Effective Tax Rate	16.39%	0.00%	0.00%	36.57%	0.00%	-188.75%	18.06%	0.00%	0.00%	0.00%	-46.32%
Return on Invested Capital (ROIC)	2.68%	-1.96%	-16.88%	4.95%	-2.83%	67.79%	30.05%	-4.04%	-8.52%	-47.35%	29.79%
ROIC Less NNEP Spread (ROIC-NNEP)	2.12%	-3.17%	-21.35%	3.87%	-15.12%	61.75%	28.78%	-6.44%	-16.04%	-53.41%	25.64%
Return on Net Nonoperating Assets (RNNOA)	1.10%	-1.60%	-13.11%	2.18%	-7.29%	29.10%	14.12%	-3.29%	-5.96%	-18.94%	16.92%
Return on Equity (ROE)	3.78%	-3.56%	-29.99%	7.13%	-10.12%	96.90%	44.18%	-7.33%	-14.48%	-66.29%	46.71%
Cash Return on Invested Capital (CROIC)	6.63%	0.55%	9.67%	6.34%	17.00%	8.37%	10.75%	8.38%	1.61%	0.61%	-38.94%
Operating Return on Assets (OROA)	2.94%	-1.57%	-18.52%	5.80%	-2.61%	16.25%	26.82%	-3.73%	-6.89%	-41.30%	15.04%
Return on Assets (ROA)	1.69%	-3.01%	-20.07%	2.81%	-6.85%	39.64%	19.29%	-5.01%	-7.16%	-35.15%	14.78%
Return on Common Equity (ROCE)	3.78%	-3.56%	-29.99%	7.13%	-10.12%	96.90%	44.18%	-7.33%	-14.48%	-66.29%	46.71%
Return on Equity Simple (ROE_SIMPLE)	1.73%	0.00%	-2.33%	-5.10%	-16.33%	0.00%	10.96%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	23	-6.24	-52	29	-25	177	64	-18	-61	-116	106
NOPAT Margin	15.92%	-10.50%	-88.76%	22.44%	-8.55%	205.33%	88.51%	-11.29%	-19.38%	-112.52%	84.81%
Net Nonoperating Expense Percent (NNEP)	0.56%	1.21%	4.47%	1.09%	12.29%	6.04%	1.27%	2.40%	7.53%	6.06%	4.15%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.34%	-	-	-	9.70%	3.37%	-0.99%	-3.42%	-6.41%	4.38%
Cost of Revenue to Revenue	51.05%	68.48%	64.94%	42.43%	37.17%	51.42%	60.91%	37.59%	36.88%	54.85%	59.39%
SG&A Expenses to Revenue	8.90%	22.84%	22.80%	10.93%	6.42%	24.37%	22.63%	9.82%	7.44%	21.25%	18.44%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.91%	46.52%	161.86%	22.20%	75.05%	-22.52%	-68.94%	78.53%	90.81%	205.89%	-17.35%
Earnings before Interest and Taxes (EBIT)	34	-6.89	-76	45	-34	59	79	-24	-87	-165	74
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	50	9.89	-59	62	-17	76	96	-5.55	-68	-144	102
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.60	0.61	1.08	1.06	1.95	1.61	1.24	1.74	2.95	3.59	3.03
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.31	2.18	3.36	2.93	3.66	3.33	2.63	3.37	5.15	6.24	5.17
Price to Earnings (P/E)	34.44	10.41	0.00	0.00	0.00	0.00	11.30	25.86	42.02	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.90%	9.60%	0.00%	0.00%	0.00%	0.00%	8.85%	3.87%	2.38%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.73	0.75	1.05	1.04	1.66	1.44	1.17	1.51	2.50	2.99	2.05
Enterprise Value to Revenue (EV/Rev)	4.28	4.10	5.25	4.53	4.50	4.17	3.45	4.24	5.68	6.76	6.76
Enterprise Value to EBITDA (EV/EBITDA)	10.74	7.80	22.05	28.29	0.00	38.30	9.15	17.29	36.64	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	23.77	12.84	131.07	0.00	0.00	0.00	13.33	32.32	135.20	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	20.19	12.77	375.98	0.00	0.00	0.00	10.89	17.23	202.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	6,849.87	51.23	20.83	11.74	12.41	9.46	13.06	16.92	18.54	38.05
Enterprise Value to Free Cash Flow (EV/FCFF)	10.88	140.34	10.33	15.79	8.76	16.43	10.90	18.10	155.42	468.59	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.57	0.58	0.64	0.62	0.67	0.58	0.55	0.57	0.61	0.59	1.01
Long-Term Debt to Equity	0.57	0.58	0.64	0.62	0.67	0.58	0.55	0.57	0.61	0.59	1.01
Financial Leverage	0.52	0.51	0.61	0.56	0.48	0.47	0.49	0.51	0.37	0.35	0.66
Leverage Ratio	2.05	2.08	2.14	2.09	2.21	2.05	2.07	2.13	2.42	2.21	2.30
Compound Leverage Factor	1.41	5.24	2.44	1.60	2.87	1.73	1.81	3.02	2.69	2.34	1.55
Debt to Total Capital	36.31%	36.64%	39.02%	38.29%	40.24%	36.59%	35.66%	36.19%	37.77%	37.12%	50.21%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	36.31%	36.64%	39.02%	38.29%	40.24%	36.59%	35.66%	36.19%	37.77%	37.12%	50.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	63.69%	63.36%	60.98%	61.71%	59.76%	63.41%	64.34%	63.81%	62.23%	62.88%	49.79%
Debt to EBITDA	5.54	3.93	8.37	10.72	-131.94	10.94	3.11	4.47	6.84	-5.52	-10.54
Net Debt to EBITDA	4.95	3.65	7.94	10.02	-88.24	7.69	2.19	3.53	3.39	-2.83	-9.75
Long-Term Debt to EBITDA	5.54	3.93	8.37	10.72	-131.94	10.94	3.11	4.47	6.84	-5.52	-10.54
Debt to NOPAT	10.42	6.44	142.77	-82.19	-13.00	-253.24	3.71	4.46	37.72	-4.76	-8.42
Net Debt to NOPAT	9.30	5.98	135.48	-76.88	-8.70	-177.98	2.61	3.52	18.67	-2.44	-7.78
Long-Term Debt to NOPAT	10.42	6.44	142.77	-82.19	-13.00	-253.24	3.71	4.46	37.72	-4.76	-8.42
Altman Z-Score	0.31	0.24	0.28	0.50	0.72	1.03	0.95	0.99	1.21	1.41	1.20
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.63	4.56	3.79	3.61	3.91	6.31	5.23	4.04	2.22	3.22	3.09
Quick Ratio	2.26	1.58	1.16	1.70	2.86	4.07	3.32	2.52	1.70	2.23	1.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	78	-100	114	148	302	322	64	-26	-56	34	-532
Operating Cash Flow to CapEx	2,780.58%	371.73%	179.39%	236.95%	4,721.47%	-92.68%	493.37%	-22.34%	3,955.69%	266.02%	-1,533.55%
Free Cash Flow to Firm to Interest Expense	7.45	-9.61	10.75	14.00	29.99	35.12	6.60	-2.58	-5.65	3.56	-21.84
Operating Cash Flow to Interest Expense	6.00	1.00	0.26	0.82	18.20	-0.65	2.46	-0.29	20.13	1.92	-3.65
Operating Cash Flow Less CapEx to Interest Expense	5.79	0.73	0.12	0.47	17.81	-1.36	1.96	-1.57	19.62	1.20	-3.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.13	0.14	0.14	0.17	0.22	0.24	0.25	0.25	0.25	0.26	0.25
Accounts Receivable Turnover	3.85	9.73	10.69	4.89	6.30	11.73	13.82	5.60	6.23	10.84	10.68
Inventory Turnover	1.41	1.34	1.25	1.28	1.85	1.86	1.87	1.76	2.23	2.17	1.96
Fixed Asset Turnover	5.26	5.45	5.75	6.57	8.91	9.03	9.12	8.82	8.89	8.71	8.35
Accounts Payable Turnover	5.53	5.89	6.55	5.58	7.29	8.94	9.25	6.19	2.41	3.56	6.43
Days Sales Outstanding (DSO)	94.70	37.53	34.15	74.68	57.96	31.11	26.41	65.22	58.58	33.66	34.17
Days Inventory Outstanding (DIO)	258.42	271.77	291.92	285.24	197.16	196.06	195.65	207.87	163.83	168.22	185.83
Days Payable Outstanding (DPO)	65.98	61.95	55.71	65.45	50.04	40.81	39.44	58.96	151.36	102.66	56.73
Cash Conversion Cycle (CCC)	287.14	247.35	270.36	294.47	205.08	186.36	182.61	214.13	71.05	99.22	163.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,777	1,772	1,690	1,699	1,451	1,627	1,690	1,706	1,445	1,477	2,328
Invested Capital Turnover	0.17	0.19	0.19	0.22	0.33	0.33	0.34	0.36	0.44	0.42	0.35
Increase / (Decrease) in Invested Capital	-55	94	-167	-120	-326	-145	0.12	7.28	-5.36	-150	638
Enterprise Value (EV)	1,301	1,322	1,772	1,761	2,404	2,338	1,981	2,584	3,613	4,416	4,773
Market Capitalization	702	703	1,134	1,137	1,953	1,869	1,507	2,056	3,279	4,072	3,649
Book Value per Share	$7.62	$7.54	$7.24	$7.40	$6.89	$7.91	$8.13	$7.98	$7.59	$7.66	$8.06
Tangible Book Value per Share	($5.22)	($5.43)	($6.25)	($5.98)	($6.47)	($5.30)	($4.75)	($5.22)	($5.67)	($5.62)	($9.44)
Total Capital	1,849	1,819	1,725	1,742	1,674	1,825	1,890	1,847	1,786	1,802	2,420
Total Debt	671	666	673	667	674	668	674	668	675	669	1,215
Total Long-Term Debt	671	666	673	667	674	668	674	668	675	669	1,215
Net Debt	599	619	639	624	450	469	474	528	334	343	1,124
Capital Expenditures (CapEx)	2.26	2.81	1.55	3.64	3.88	6.46	4.81	13	5.02	6.99	5.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	159	149	140	170	104	133	112	175	-20	63	178
Debt-free Net Working Capital (DFNWC)	231	196	174	213	327	332	312	316	321	389	269
Net Working Capital (NWC)	231	196	174	213	327	332	312	316	321	389	269
Net Nonoperating Expense (NNE)	3.43	7.00	30	6.91	64	33	7.07	14	30	25	33
Net Nonoperating Obligations (NNO)	599	619	639	624	450	469	474	528	334	343	1,124
Total Depreciation and Amortization (D&A)	17	17	17	17	17	17	17	18	19	21	28
Debt-free, Cash-free Net Working Capital to Revenue	52.33%	46.16%	41.48%	43.84%	19.39%	23.72%	19.46%	28.80%	-3.16%	9.64%	25.17%
Debt-free Net Working Capital to Revenue	75.95%	60.84%	51.67%	54.96%	61.15%	59.10%	54.31%	51.88%	50.37%	59.56%	38.15%
Net Working Capital to Revenue	75.95%	60.84%	51.67%	54.96%	61.15%	59.10%	54.31%	51.88%	50.37%	59.56%	38.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.13	($0.08)	($0.57)	$0.15	($0.61)	$0.99	$0.38	($0.22)	($0.62)	($0.91)	$0.47
Adjusted Weighted Average Basic Shares Outstanding	153.69M	154.67M	145.33M	145.24M	145.22M	145.71M	148.56M	147.06M	146.80M	150.37M	153.86M
Adjusted Diluted Earnings per Share	$0.12	($0.08)	($0.57)	$0.14	($0.61)	$1.00	$0.36	($0.22)	($0.62)	($0.89)	$0.44
Adjusted Weighted Average Diluted Shares Outstanding	165.48M	166.45M	145.33M	154.66M	145.22M	145.71M	156.73M	147.06M	146.80M	150.37M	165.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	152.78M	145.73M	145.24M	145.22M	146.23M	149.66M	147.73M	146.45M	147.92M	149.44M	163.13M
Normalized Net Operating Profit after Tax (NOPAT)	57	-6.24	-52	29	-25	43	64	-18	-61	-116	51
Normalized NOPAT Margin	39.80%	-10.50%	-88.76%	22.44%	-8.55%	49.78%	88.51%	-11.29%	-19.38%	-112.52%	40.57%
Pre Tax Income Margin	16.17%	-29.15%	-147.06%	26.82%	-15.29%	57.90%	96.04%	-20.81%	-30.80%	-169.76%	39.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.21	-0.66	-7.15	4.22	-3.39	6.45	8.17	-2.41	-8.84	-17.00	3.05
NOPAT to Interest Expense	2.17	-0.60	-4.92	2.70	-2.45	19.31	6.61	-1.85	-6.19	-11.93	4.35
EBIT Less CapEx to Interest Expense	2.99	-0.93	-7.30	3.88	-3.77	5.74	7.67	-3.69	-9.35	-17.72	2.81
NOPAT Less CapEx to Interest Expense	1.96	-0.87	-5.07	2.35	-2.84	18.61	6.11	-3.13	-6.70	-12.65	4.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	387.94%	94.93%	-316.21%	-93.45%	-25.25%	-244.20%	6.24%	50.77%	51.73%	-19.56%	-16.93%

Financials Breakdown Chart

Key Financial Trends

Here is a concise four-year trend snapshot for Perimeter Solutions (NYSE: PRM) based on the provided quarterly income statements, cash flow statements, and balance sheets. The takeaway is a mix of improving gross margins and strong operating cash flow in parts of 2024–2025, offset by outsized one-time or non-cash operating charges in 2025 that weighed on net income. The balance sheet shows a very large asset base driven by goodwill and intangible assets, with debt remaining at a relatively stable level.

Strong operating cash flow in 2025 Q3: Net cash from continuing operating activities was about $198.7 million, a clear sign of robust quarterly cash generation even as earnings fluctuated.
Gross margin expansion into 2024–2025: 2025 Q2 and Q3 show gross margins around 62–63% (roughly $101.5m on $162.6m revenue in Q2; $199.1m on $315.4m in Q3), indicating improving production efficiency or product mix.
4Q2024 gross margin improvement vs 4Q2023: 2024Q4 gross margin was about 48.6% (gross profit ≈ $41.9m on revenue ≈ $86.2m), up from 2023Q4’s ~31.5% margin, signaling an improving profitability trend into 2025.
Positive net income in select 2024/early-2025 quarters: 2024Q4 net income ≈ $144.17m and 2025Q1 net income ≈ $56.69m, showing periods of meaningful profitability despite later 2025 volatility.
Healthy liquidity barometer in mid-2025: Cash & equivalents around $340.6 million on the 2025 Q3 balance sheet, supporting liquidity for near-term obligations and investments.
Debt level appears stable: Long-Term Debt near $668 million through 2025, suggesting a manageable leverage profile relative to operating cash flow in select quarters.
Substantial goodwill and intangibles on the balance sheet: Goodwill ≈ $1.05 billion and intangible assets ≈ $888 million in 2025, reflecting acquisition activity and potential impairment risk to monitor.
Very large 2025 Other Operating Expenses / (Income): Quarterly amounts around $248 million (Q3 2025) and $174 million (Q4 2025) severely impacted operating income, contributing to large losses despite revenue growth.
Net income turns negative in 2025, offsetting cash flow strength: 2025 Q2–Q4 show net losses (Q2 ≈ −$32.2m, Q3 ≈ −$90.7m, Q4 ≈ −$140.2m), underscoring earnings quality challenges despite cash generation in some quarters.
Quarterly cash flow volatility: Net change in cash swings from +$199.99m in 2025Q3 to −$59.39m in 2025Q2 and −$14.72m in 2025Q4, highlighting near-term liquidity sensitivity to working capital and investing activities.

05/22/26 06:40 PM ETAI Generated. May Contain Errors.

Perimeter Solutions Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Perimeter Solutions' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Perimeter Solutions' net income appears to be on an upward trend, with a most recent value of -$206.37 million in 2025, rising from -$42.04 million in 2019. The previous period was -$5.91 million in 2024. Check out Perimeter Solutions' forecast to explore projected trends and price targets.

Perimeter Solutions' total operating income in 2025 was -$200.93 million, based on the following breakdown:

Total Gross Profit: $375.15 million
Total Operating Expenses: $576.08 million

Over the last 5 years, Perimeter Solutions' total revenue changed from $239.31 million in 2019 to $652.86 million in 2025, a change of 172.8%.

Perimeter Solutions' total liabilities were at $1.52 billion at the end of 2025, a 20.7% increase from 2024, and a 79.5% increase since 2020.

In the past 5 years, Perimeter Solutions' cash and equivalents has ranged from $22.48 million in 2020 to $325.93 million in 2025, and is currently $325.93 million as of their latest financial filing in 2025.

Over the last 5 years, Perimeter Solutions' book value per share changed from 0.00 in 2019 to 7.66 in 2025, a change of 766.2%.

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Financial statements for NYSE:PRM last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Perimeter Solutions (PRM) Financials

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Perimeter Solutions (PRM) Financials

Annual Income Statements for Perimeter Solutions

Quarterly Income Statements for Perimeter Solutions

Annual Cash Flow Statements for Perimeter Solutions

Quarterly Cash Flow Statements for Perimeter Solutions

Annual Balance Sheets for Perimeter Solutions

Quarterly Balance Sheets for Perimeter Solutions

Annual Metrics And Ratios for Perimeter Solutions

Quarterly Metrics And Ratios for Perimeter Solutions

Financials Breakdown Chart

Key Financial Trends

Perimeter Solutions Financials - Frequently Asked Questions

When does Perimeter Solutions' financial year end?

How has Perimeter Solutions' net income changed over the last 5 years?

What is Perimeter Solutions' operating income?

How has Perimeter Solutions' revenue changed over the last 5 years?

How much debt does Perimeter Solutions have?

How much cash does Perimeter Solutions have?

How has Perimeter Solutions' book value per share changed over the last 5 years?

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