Perimeter Solutions (PRM)
Supplies wildfire retardants, firefighting services, and specialty industrial products.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 11, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $35 | Target: $40 |
| May 7, 2026 | UBS | Reiterate | Rating: —Target: $31 | Target: $34 |
| Mar 31, 2026 | UBS | Upgrade | ||
| Jan 12, 2026 | UBS | Downgrade | Target: $25 | Target: $31 |
| Dec 15, 2025 | Morgan Stanley | Target | Target: $27 | Target: $35 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $82.8M · Total debt $1.37B · Total assets $3.24B · Shareholders' equity $1.02B
- Revenue
- $213.8M
- Operating income
- −$203.0M
- Net income
- −$181.6M
No dividends on record.
| Institutions | 86.40% | 141.43M shares | |
|---|---|---|---|
| 314 holders · as of Jun 30, 2026 | |||
| Insiders | 6.87% | 11.25M shares | |
| 7 holders · as of Apr 24, 2026 | |||
| Strategic holders | 13.35% | 21.85M shares | |
| 1 holder · as of Jul 1, 2025 | |||
| Adds to | 106.62% | ||
163.69M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 106.62%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
WindAcre Partnership Master Fund, LPStrategic10 percent owner | 13.35% | 21.85M | filed Jul 1, 2025 |
Windacre Partnership LLCInstitution | 9.87% | 16.15M | as of Jun 30, 2026 |
Principal Financial Group IncInstitution | 8.56% | 14.01M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.43% | 12.17M | as of Jun 30, 2026 |
FMR LLCInstitution | 5.87% | 9.60M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 30, 2026 | Windacre Partnership LLC | 10 percent owner | −1,875,000 | $33.90 |
| Jun 29, 2026 | Windacre Partnership LLC | 10 percent owner | −437,500 | $33.00 |
| Jun 26, 2026 | Windacre Partnership LLC | 10 percent owner | −3,393,479 | $34.66 |
| May 22, 2026 | Haitham Khouri | director, officer: Chief Executive Officer | −117,511 | $31.19 |
| May 21, 2026 | Haitham Khouri | director, officer: Chief Executive Officer | −91,724 | $31.91 |
- Johnson Controls
Industrial foam and suppression systems rival
- Nordson
Medical-device components and equipment overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Perimeter Solutions | $31.29 | −1.07% | $5.16B | — | 18.6 | 6.8 | +31.5% |
| Johnson Controls | $144.77 | −0.28% | $87.94B | 25.3 | 24.8 | 3.5 | +9.3% |
| Nordson | $317.23 | +0.92% | $17.51B | 31.8 | 25.1 | 5.9 | +10.3% |
| Median | 28.5 | 24.9 | 4.7 | +9.8% |