PRM · NYSE · Chemicals - Specialty

Perimeter Solutions

Supplies wildfire retardants, firefighting services, and specialty industrial products.

$30.54
After-hours close−0.06 (−0.20%)
At close$30.60(−4.46%)
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Profile

Perimeter Solutions, S.A.PRMMaterials

Sells fire retardants, suppressants, equipment, and life-safety systems through Fire Safety; Specialty Products supplies lubricant-additive chemicals, electronic assemblies, and medical-device manufacturing machinery and aftermarket products. Revenue is U.S.-centered, with wildfire agencies and acquisition-built industrial businesses defining the portfolio.

Supplies firefighting products through Fire Safety and a collection of industrial businesses through Specialty Products. PHOS-CHEK and FIRE-TROL long-term retardants, Class B firefighting foams including fluorine-free products, and airbase equipment and services cover wildland, industrial, and structural fire response. Monaco adds emergency-management and life-safety systems for U.S. government facilities.

Specialty Products spans phosphorus pentasulfide for lubricant additives, IMS electronic and electromechanical assemblies and aftermarket repair, and MMT machinery, parts, consumables, and services used to manufacture complex medical devices. Operations reach customers globally but remain U.S.-centered. Fire Safety couples chemical formulation with custom equipment, airbase staffing, and emergency resupply. Revenue depends heavily on U.S. wildfire agencies, fire-season severity, and air-tanker capacity, while products face agency qualification and environmental requirements.

Company facts

CEOHaitham Khouri
ListedNov 9, 2021
ExchangeNYSE
HeadquartersClayton, MO
CountryUnited States
Employees356
CIK0001880319
ISINUS71385M1071

Key statistics

Market cap$4.99B
EPS (ttm)−$2.23
P/E (ttm)−13.73
ROE-30.4%
P/B4.76
P/S6.60
Dividend yield
Beta1.09vs XLB 0.39

Year to date +11.2% · Average volume (30d) 1.5M

Analysts

Price target, next 12 months$37.00+20.8%Median of 3 analysts · vs the Aug 28 close
ConsensusBuy3 of 3 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
May 11, 2026Morgan StanleyReiterateOverweight$35$40
May 7, 2026UBSReiterateBuy$31$34
Mar 31, 2026UBSUpgradeNeutralBuy
Jan 12, 2026UBSDowngradeBuyNeutral$25$31
Dec 15, 2025Morgan StanleyTarget$27$35

Earnings

EPS

Estimate$0.92
ReportedDue Oct 29, 2026

Revenue

Estimate$381.3M
ReportedDue Oct 29, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Jul 31, 2026Q2 FY26$0.43$0.35−19.2%$216.9M$213.8M−1.4%−17.78%
May 6, 2026Q1 FY26$0.02$0.06+200.0%$121.8M$125.1M+2.7%+7.11%
Feb 26, 2026Q4 FY25$0.09$0.13+44.4%$94.0M$102.8M+9.3%−0.09%
Oct 30, 2025Q3 FY25$0.68$0.82+20.6%$94.0M$315.4M+235.4%−9.05%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$72.0M$162.6M$315.4M$102.8M$125.1M$213.8M
Gross profit$28.2M$101.5M$183.9M$61.6M$28.2M$93.8M
Operating income−$77.8M−$26.2M−$87.3M−$9.6M$72.5M−$203.0M
Net income$56.7M−$32.2M−$90.7M−$140.2M$72.9M−$181.6M
Diluted EPS$0.36−$0.22−$0.62−$0.94$0.44−$1.11
Gross margin39.1%62.4%58.3%59.9%22.5%43.9%
Operating margin-108.0%-16.1%-27.7%-9.3%58.0%-95.0%

Fiscal years (4-quarter sums)FY21 $362.3M · FY22 $360.5M · FY23 $322.1M · FY24 $561.0M · FY25 $652.9M

Revenue by product · Q2 FY26

Product$178.6M · 84%
Service$35.1M · 16%
Product And Service, Other$161.0K · 0%

Balance sheet, Jun 30, 2026Cash & short-term investments $82.8M · Total debt $1.37B · Total assets $3.24B · Shareholders' equity $1.02B

Dividends

No dividends on record.

Ownership

Institutions 90.30%147.31M sharesInsiders 7.35%11.99M sharesOther 2.35%3.83M shares

Shares outstanding 163.13M · Float 149.43M · 91.6% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Windacre Partnership LLC · 10 percent owner16.15M9.90%Form 4Jun 30, 2026
Principal Financial Group Inc14.01M8.59%13FAug 4, 2026
BlackRock, Inc.12.17M7.46%13FAug 7, 2026
FMR LLC9.60M5.89%13FAug 13, 2026
William N. Jr Thorndike · director8.54M5.23%Form 4Mar 11, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 30, 2026Windacre Partnership LLC10 percent owner−1,875,000$33.90
Jun 29, 2026Windacre Partnership LLC10 percent owner−437,500$33.00
Jun 26, 2026Windacre Partnership LLC10 percent owner−3,393,479$34.66
May 22, 2026Haitham Khouridirector, officer: Chief Executive Officer−117,511$31.19
May 21, 2026Haitham Khouridirector, officer: Chief Executive Officer−91,724$31.91
View details

Peers

  • Johnson Controls

    Industrial foam and suppression systems rival

  • Nordson

    Medical-device components and equipment overlap

CompareAfter-hours close

CompanyPriceChange
Perimeter Solutions$30.54−0.20%$4.99B18.26.6+31.5%
Johnson Controls$139.59+0.01%$84.56B24.324.23.4+9.3%
Nordson$324.59+0.01%$18.09B32.825.86.1+10.3%
Median28.625.04.7+9.8%