Recent News
On July 31, 2026 Perimeter Solutions reported second-quarter results: net sales rose and management disclosed a net loss of $181.6M with adjusted net income of $59.6M and adjusted EBITDA of $105.6M. On July 30, 2026 the company completed the cash acquisition of Monaco Enterprises for $120.0M, expected to add more than $11M of annualized adjusted EBITDA; the company reported $12.7M of capital expenditures during the quarter.
Technical Analysis
Directional indicators: ADX at 8.07 signals no trend; DI+ at 22.2 (increasing) and DI- at 21.4 (decreasing) together indicate a short-term bullish tilt but without trend strength, so momentum-based moves carry greater weight than trend-following signals.
MACD: MACD reads -0.28 with an increasing trend and a signal line at -0.47; MACD has crossed above its signal line, which constitutes a bullish momentum shift despite negative absolute values.
MRO: MRO stands at 16.05 with a dip & reversal; the oscillator’s configuration implies the price currently sits above the model target and has begun a reversal pattern, signaling potential mean reversion risk to price levels absent fresh directional drivers.
RSI: RSI at 48.82 with an increasing trend places momentum in neutral-to-constructive territory, supporting limited upside without an overbought condition.
Price vs averages and bands: Last close $32.18 sits above the 200-day average $29.65 and above the 20-day average $31.43, but below the 50-day average $32.82; price trades marginally above the 1x Bollinger upper band ($32.15), indicating upward pressure with limited near-term room before encountering the 2x upper band at $32.88. Short-term EMA behavior shows the 12-day EMA at $31.68 with a dip & reversal pattern, aligning with the MACD bullish crossover and reinforcing a modest near-term positive bias.
Volume and volatility: Daily volume ~2.09M exceeds the 10-day average ~1.14M, signaling above-average participation on recent moves while 42-day volatility 4% and 52-week volatility 3% indicate contained realized volatility for a materials name.
Fundamental Analysis
Profitability and margins: Gross margin stands at 55.13%, materially above the industry peer mean of 38.66% and the industry peer median of 43.65%, reflecting strong product-level economics. Operating margin equals -94.95% and EBIT margin equals -94.40%, both materially below the industry peer mean (operating margin mean 15.96%; EBIT margin mean 15.73%), indicating substantial operating losses relative to peers driven by non-operating items and elevated costs.
Income statement flow: EBITDA reported negative $172.9M and EBIT negative $201.8M; net income from continuing operations negative $181.6M. EPS came in at $0.35 versus an estimate of $0.43, producing an EPS surprise ratio of -18.61%.
Growth: Revenue per the provided metrics shows mixed signals: an aggregate revenue growth metric of 70.95% alongside quarter-over-quarter revenue growth of 226.65% and year-over-year revenue growth of -43.60%. Free cash flow declined, with free cash flow at -$13.38M and a free cash flow yield at -0.25%, while free cash growth shows a -85.88% move year-over-year; operating cash flow sits near break-even at -$0.65M.
Liquidity and leverage: Cash and short-term investments total $82.78M and current ratio equals 1.57 with a quick ratio at 0.93; these figures imply limited cushion against short-term obligations. Total debt $1.2595B with net debt $1.1275B and debt-to-equity 1.23 demonstrate elevated leverage; interest coverage at -10.30 underscores negative operating earnings relative to interest expense and signals reliance on non-GAAP adjustments and external financing to service obligations.
Market multiples and valuation: P/E stands at 94.10 while forward P/E equals 68.37; price-to-book at 5.28 sits above the industry peer mean of 4.78. WMDST values the stock as fair-valued. The enterprise multiple reads negative in the provided data, reflecting negative operating income; forward indicators (forward EPS and forward PE) narrow elevated headline multiples but do not eliminate earnings volatility risk.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-07-31 |
| NEXT REPORT DATE: | 2026-10-30 |
| CASH FLOW | Begin Period Cash Flow | $ 91.6 M |
| Operating Cash Flow | $ -654.00 K | |
| Capital Expenditures | $ -12.72 M | |
| Change In Working Capital | $ -74.92 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -8.85 M | |
| End Period Cash Flow | $ 82.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 213.8 M | |
| Forward Revenue | $ -22.09 M | |
| COSTS | ||
| Cost Of Revenue | $ 95.9 M | |
| Depreciation | $ 4.9 M | |
| Depreciation and Amortization | $ 28.9 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 416.8 M | |
| PROFITABILITY | ||
| Gross Profit | $ 117.9 M | |
| EBITDA | $ -172.94 M | |
| EBIT | $ -201.84 M | |
| Operating Income | $ -203.02 M | |
| Interest Income | — | |
| Interest Expense | $ 19.6 M | |
| Net Interest Income | $ -19.59 M | |
| Income Before Tax | $ -221.44 M | |
| Tax Provision | $ -39.80 M | |
| Tax Rate | 17.97 % | |
| Net Income | $ -181.63 M | |
| Net Income From Continuing Operations | $ -181.63 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.43 | |
| EPS Actual | $ 0.35 | |
| EPS Difference | $ -0.08 | |
| EPS Surprise | -18.605 % | |
| Forward EPS | $ 0.46 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.2 B | |
| Intangible Assets | $ 2.6 B | |
| Net Tangible Assets | $ -1.57 B | |
| Total Current Assets | $ 496.4 M | |
| Cash and Short-Term Investments | $ 82.8 M | |
| Cash | $ 82.8 M | |
| Net Receivables | $ 158.1 M | |
| Inventory | $ 203.3 M | |
| Long-Term Investments | $ 3.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 45.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 316.4 M | |
| Net Debt | $ 1.1 B | |
| Total Debt | $ 1.3 B | |
| Total Liabilities | $ 2.2 B | |
| EQUITY | ||
| Total Equity | $ 1.0 B | |
| Retained Earnings | $ -901.79 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 6.24 | |
| Shares Outstanding | 163.687 M | |
| Revenue Per-Share | $ 1.31 | |
| VALUATION | Market Capitalization | $ 5.4 B |
| Enterprise Value | $ 6.6 B | |
| Enterprise Multiple | -37.978 | |
| Enterprise Multiple QoQ | -169.798 % | |
| Enterprise Multiple YoY | -92.56 % | |
| Enterprise Multiple IPRWA | high: 79.976 median: 76.739 mean: 62.294 PRM: -37.978 low: -65.192 |
|
| EV/R | 30.718 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.176 | |
| Asset To Liability | 1.46 | |
| Debt To Capital | 0.552 | |
| Debt To Assets | 0.388 | |
| Debt To Assets QoQ | -2.116 % | |
| Debt To Assets YoY | 36.516 % | |
| Debt To Assets IPRWA | high: 0.804 median: 0.465 PRM: 0.388 mean: 0.375 low: 0.0 |
|
| Debt To Equity | 1.233 | |
| Debt To Equity QoQ | 18.373 % | |
| Debt To Equity YoY | 105.547 % | |
| Debt To Equity IPRWA | high: 3.978 median: 1.384 PRM: 1.233 mean: 1.034 low: 0.0 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 5.277 | |
| Price To Book QoQ | 46.129 % | |
| Price To Book YoY | 149.43 % | |
| Price To Book IPRWA | high: 7.485 PRM: 5.277 mean: 4.783 median: 3.825 low: 0.938 |
|
| Price To Earnings (P/E) | 94.099 | |
| Price To Earnings QoQ | -78.832 % | |
| Price To Earnings YoY | 154.694 % | |
| Price To Earnings IPRWA | high: 128.46 median: 128.46 mean: 96.343 PRM: 94.099 low: -52.921 |
|
| PE/G Ratio | 0.195 | |
| Price To Sales (P/S) | 25.214 | |
| Price To Sales QoQ | -27.52 % | |
| Price To Sales YoY | 64.459 % | |
| Price To Sales IPRWA | PRM: 25.214 high: 17.046 mean: 12.163 median: 10.083 low: 1.523 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 68.373 | |
| Forward PE/G | 0.141 | |
| Forward P/S | -247.479 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -5.243 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.067 | |
| Asset Turnover Ratio QoQ | 55.163 % | |
| Asset Turnover Ratio YoY | 0.331 % | |
| Asset Turnover Ratio IPRWA | high: 0.4 median: 0.161 mean: 0.155 low: 0.078 PRM: 0.067 |
|
| Receivables Turnover | 1.741 | |
| Receivables Turnover Ratio QoQ | 5.718 % | |
| Receivables Turnover Ratio YoY | -11.121 % | |
| Receivables Turnover Ratio IPRWA | high: 3.095 PRM: 1.741 mean: 1.603 median: 1.312 low: 0.402 |
|
| Inventory Turnover | 0.487 | |
| Inventory Turnover Ratio QoQ | 8.315 % | |
| Inventory Turnover Ratio YoY | 8.552 % | |
| Inventory Turnover Ratio IPRWA | high: 3.058 median: 1.535 mean: 1.242 PRM: 0.487 low: 0.413 |
|
| Days Sales Outstanding (DSO) | 52.415 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 243.384 | |
| Cash Conversion Cycle Days QoQ | -9.007 % | |
| Cash Conversion Cycle Days YoY | -10.505 % | |
| Cash Conversion Cycle Days IPRWA | PRM: 243.384 high: 129.932 mean: 70.53 median: 49.76 low: 15.124 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.188 | |
| CapEx To Revenue | -0.06 | |
| CapEx To Depreciation | -2.606 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.2 B | |
| Net Invested Capital | $ 2.2 B | |
| Invested Capital | $ 2.2 B | |
| Net Tangible Assets | $ -1.57 B | |
| Net Working Capital | $ 180.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.262 | |
| Current Ratio | 1.569 | |
| Current Ratio QoQ | -49.215 % | |
| Current Ratio YoY | -61.173 % | |
| Current Ratio IPRWA | high: 7.125 mean: 2.084 median: 1.841 PRM: 1.569 low: 1.151 |
|
| Quick Ratio | 0.926 | |
| Quick Ratio QoQ | -42.356 % | |
| Quick Ratio YoY | -64.332 % | |
| Quick Ratio IPRWA | high: 2.301 median: 1.566 mean: 1.54 PRM: 0.926 low: 0.768 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -7.283 | |
| Cost Of Debt | 1.49 % | |
| Interest Coverage Ratio | -10.302 | |
| Interest Coverage Ratio QoQ | -438.145 % | |
| Interest Coverage Ratio YoY | 327.698 % | |
| Interest Coverage Ratio IPRWA | high: 20.317 median: 8.846 mean: 8.454 low: -1.725 PRM: -10.302 |
|
| Operating Cash Flow Ratio | -0.724 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 51.21 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.54 % | |
| Revenue Growth | 70.954 % | |
| Revenue Growth QoQ | 226.646 % | |
| Revenue Growth YoY | -43.595 % | |
| Revenue Growth IPRWA | PRM: 70.954 % high: 22.018 % median: 8.591 % mean: 6.58 % low: -28.712 % |
|
| Earnings Growth | 483.333 % | |
| Earnings Growth QoQ | -997.621 % | |
| Earnings Growth YoY | 5700.228 % | |
| Earnings Growth IPRWA | PRM: 483.333 % high: 188.235 % mean: 32.023 % median: 22.941 % low: -75.0 % |
|
| MARGINS | ||
| Gross Margin | 55.127 % | |
| Gross Margin QoQ | 35.757 % | |
| Gross Margin YoY | -11.664 % | |
| Gross Margin IPRWA | PRM: 55.127 % high: 44.253 % median: 43.654 % mean: 38.656 % low: -2.243 % |
|
| EBIT Margin | -94.403 % | |
| EBIT Margin QoQ | -259.118 % | |
| EBIT Margin YoY | 541.935 % | |
| EBIT Margin IPRWA | high: 27.108 % median: 17.711 % mean: 15.73 % low: -14.185 % PRM: -94.403 % |
|
| Return On Sales (ROS) | -94.953 % | |
| Return On Sales QoQ | -263.831 % | |
| Return On Sales YoY | 488.856 % | |
| Return On Sales IPRWA | high: 29.895 % median: 18.216 % mean: 15.961 % low: -13.199 % PRM: -94.953 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -13.38 M | |
| Free Cash Flow Yield | -0.248 % | |
| Free Cash Flow Yield QoQ | -88.613 % | |
| Free Cash Flow Yield YoY | -79.951 % | |
| Free Cash Flow Yield IPRWA | high: 4.909 % mean: 1.258 % median: 0.65 % PRM: -0.248 % low: -8.666 % |
|
| Free Cash Growth | -85.881 % | |
| Free Cash Growth QoQ | -90.628 % | |
| Free Cash Growth YoY | -67.333 % | |
| Free Cash Growth IPRWA | high: 402.464 % median: 208.696 % mean: 206.069 % PRM: -85.881 % low: -391.667 % |
|
| Free Cash To Net Income | 0.074 | |
| Cash Flow Margin | -107.089 % | |
| Cash Flow To Earnings | 1.261 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -5.668 % | |
| Return On Assets QoQ | -325.997 % | |
| Return On Assets YoY | 331.027 % | |
| Return On Assets IPRWA | high: 5.771 % median: 1.946 % mean: 1.626 % PRM: -5.668 % low: -8.896 % |
|
| Return On Capital Employed (ROCE) | -6.893 % | |
| Return On Equity (ROE) | -0.178 | |
| Return On Equity QoQ | -393.674 % | |
| Return On Equity YoY | 551.484 % | |
| Return On Equity IPRWA | high: 0.074 median: 0.053 mean: 0.04 PRM: -0.178 low: -0.231 |
|
| DuPont ROE | -16.316 % | |
| Return On Invested Capital (ROIC) | -7.418 % | |
| Return On Invested Capital QoQ | -502.278 % | |
| Return On Invested Capital YoY | 503.089 % | |
| Return On Invested Capital IPRWA | high: 7.447 % median: 2.614 % mean: 2.401 % low: -2.063 % PRM: -7.418 % |
|