PRM
Perimeter Solutions, S.A.
PRM's fundamentals are strong, but it looks expensive: trading at 165x earnings, about six times its usual 27x. Analysts expect earnings growth.
PRM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Weak |
PRM's revenue and profitability are currently healthy, and its cash flow is stable, but its balance sheet is weak.
PRM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $2.49 | -92% |
| Forward | 18x | $29.63 | — |
| Fair | 27x | $4.78 | -84% |
| Expensive | 45x | $8.13 | -73% |
| Current | 165x | $29.63 | — |
Historical ranges are pointers, not guarantees.
PRM's PE is in its expensive range at 165x. If earnings grow as analysts expect, today's price would be 18x next year's earnings, in its cheap range.
PRM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for PRM, but weaker profitability.
PRM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.66 | +823% |
| Q3 2026 | $0.18 | -65% |
| Q2 2026 | -$2.18 | -511% |
| Q1 2026 | -$1.29 | -245% |
| Q4 2025 | -$1.37 | -$1.33 |
| Q3 2025 | $0.52 | +$1.64 |
| Q2 2025 | $0.53 | +$0.92 |
| Q1 2025 | $0.89 | +$1.11 |
| Q4 2024 | -$0.04 | -110% |
PRM's earnings per share have fallen from their peak: $0.18 over the past year, against $0.89 in early 2025.
PRM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $389.9M | +24% |
| Q2 2026 | $213.8M | +31% |
| Q1 2026 | $125.1M | +74% |
| Q4 2025 | $102.8M | +19% |
| Q3 2025 | $315.4M | +9.4% |
| Q2 2025 | $162.6M | +28% |
| Q1 2025 | $72M | +22% |
| Q4 2024 | $86.2M | +45% |
PRM's revenue has grown year over year for 12 quarters in a row: $390M last quarter, up 24% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 107% | +135 points |
| Q2 2026 | -95% | -79 points |
| Q1 2026 | 58% | -50 points |
| Q4 2025 | -161% | -232 points |
| Q3 2025 | -28% | -16 points |
| Q2 2025 | -16% | -52 points |
| Q1 2025 | 108% | +235 points |
| Q4 2024 | 71% | +86 points |
PRM's operating margin was 107% last quarter, up 135 points from the same quarter a year ago, near the top of its range since 2020.
PRM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $150.4M | -22% |
| Q2 2026 | -$13.4M | +$2.2M |
| Q1 2026 | -$94.8M | -601% |
| Q4 2025 | $11.6M | +$24.1M |
| Q3 2025 | $193.6M | +8.1% |
| Q2 2025 | -$15.6M | -413% |
| Q1 2025 | $18.9M | +1436% |
| Q4 2024 | -$12.4M | -263% |
PRM generated $54M in free cash flow over the past year, down 71% from the year before.
PRM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.1% | +11.5M shares |
| 1 year | +19% | +28.2M shares |
| 3 years | +5.7% | +9.5M shares |
| 5 years | +230% | +122M shares |
| Available history | +230% | +122M shares |
PRM has 175M diluted shares, up 19% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $32.2M |
| Q1 2025 | $8.2M |
| Q4 2024 | — |
PRM hasn't bought back shares in the past year.
PRM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.8x | High |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.6x | Elevated |
| Q1 2025 | 2.2x | Moderate |
| Q4 2024 | 7.6x | High |
| Q2 2024 | 11.6x | High |
| Q1 2024 | 8.8x | High |
| Q4 2023 | 3.9x | Elevated |
PRM's net debt is about 4.8 years of its operating earnings (EBITDA), down from 7.6 years a year ago.
PRM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.4 | Neutral |
| Stochastic | 31.4 | Neutral |
PRM's weekly RSI is 49 (neutral) and its Stochastic is 31 (neutral).
PRM PE vs Basic Materials Sector
| Metric | PRM | Sector median | Relative |
|---|---|---|---|
| PE | 165x | 19x | 785% above |
| PE % | 100 | 44 | 56 pts above |
PRM is trading at 165x earnings, a 785% premium to the Basic Materials sector's median of 19x.
PRM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.2 | 5% above |
| 20 week MA | $31.0 | 4.4% below |
| 50 week MA | $29.4 | 0.7% above |
| 100 week MA | $22.6 | 31% above |
| 200 week MA | $15.0 | 97% above |
PRM's trend is mixed: it's above four of its five weekly moving averages, and 97% above its 200-week average.
PRM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $14.1 | $14.0 | -0.4% |
| 2022 | $14.0 | $8.94 | -36% |
| 2023 | $8.94 | $4.60 | -49% |
| 2024 | $4.60 | $13.0 | +182% |
| 2025 | $13.0 | $28.1 | +116% |
| 2026 YTD | $28.1 | $29.6 | +5.5% |
PRM's yearly returns have swung widely, from +182% in 2024 to −49% in 2023. It's up 5.5% so far in 2026.