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PRM (Perimeter Solutions) Piotroski F-Score : 8 (As of Jun. 27, 2025)


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What is Perimeter Solutions Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Perimeter Solutions has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Perimeter Solutions's Piotroski F-Score or its related term are showing as below:

PRM' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 8

During the past 6 years, the highest Piotroski F-Score of Perimeter Solutions was 8. The lowest was 4. And the median was 5.


Perimeter Solutions Piotroski F-Score Historical Data

The historical data trend for Perimeter Solutions's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Perimeter Solutions Piotroski F-Score Chart

Perimeter Solutions Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 4.00 5.00 6.00

Perimeter Solutions Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 5.00 5.00 6.00 8.00

Competitive Comparison of Perimeter Solutions's Piotroski F-Score

For the Specialty Chemicals subindustry, Perimeter Solutions's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Perimeter Solutions's Piotroski F-Score Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Perimeter Solutions's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Perimeter Solutions's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 21.65 + -89.167 + 144.17 + 56.686 = $133.3 Mil.
Cash Flow from Operations was 8.632 + 182.957 + -5.987 + 23.746 = $209.3 Mil.
Revenue was 127.276 + 288.417 + 86.231 + 72.03 = $574.0 Mil.
Gross Profit was 73.267 + 181.222 + 41.895 + 28.153 = $324.5 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(2278.747 + 2321.63 + 2462.305 + 2416.394 + 2405.146) / 5 = $2376.8444 Mil.
Total Assets at the begining of this year (Mar24) was $2,278.7 Mil.
Long-Term Debt & Capital Lease Obligation was $689.5 Mil.
Total Current Assets was $385.4 Mil.
Total Current Liabilities was $73.7 Mil.
Net Income was 52.014 + 19.282 + -13.241 + -82.558 = $-24.5 Mil.

Revenue was 76.137 + 142.658 + 59.455 + 59.044 = $337.3 Mil.
Gross Profit was 29.326 + 69.833 + 18.738 + 20.702 = $138.6 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(2421.714 + 2387.916 + 2359.936 + 2315.422 + 2278.747) / 5 = $2352.747 Mil.
Total Assets at the begining of last year (Mar23) was $2,421.7 Mil.
Long-Term Debt & Capital Lease Obligation was $687.5 Mil.
Total Current Assets was $236.9 Mil.
Total Current Liabilities was $62.6 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Perimeter Solutions's current Net Income (TTM) was 133.3. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Perimeter Solutions's current Cash Flow from Operations (TTM) was 209.3. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=133.339/2278.747
=0.05851417

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-24.503/2421.714
=-0.01011804

Perimeter Solutions's return on assets of this year was 0.05851417. Perimeter Solutions's return on assets of last year was -0.01011804. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Perimeter Solutions's current Net Income (TTM) was 133.3. Perimeter Solutions's current Cash Flow from Operations (TTM) was 209.3. ==> 209.3 > 133.3 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=689.474/2376.8444
=0.29007957

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=687.528/2352.747
=0.29222352

Perimeter Solutions's gearing of this year was 0.29007957. Perimeter Solutions's gearing of last year was 0.29222352. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=385.443/73.709
=5.22925287

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=236.875/62.581
=3.78509452

Perimeter Solutions's current ratio of this year was 5.22925287. Perimeter Solutions's current ratio of last year was 3.78509452. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Perimeter Solutions's number of shares in issue this year was 156.728. Perimeter Solutions's number of shares in issue last year was 145.327. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=324.537/573.954
=0.56544078

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=138.599/337.294
=0.41091451

Perimeter Solutions's gross margin of this year was 0.56544078. Perimeter Solutions's gross margin of last year was 0.41091451. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=573.954/2278.747
=0.25187263

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=337.294/2421.714
=0.13927904

Perimeter Solutions's asset turnover of this year was 0.25187263. Perimeter Solutions's asset turnover of last year was 0.13927904. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+0+1+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Perimeter Solutions has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Perimeter Solutions  (NYSE:PRM) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Perimeter Solutions Piotroski F-Score Related Terms

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Perimeter Solutions Business Description

Traded in Other Exchanges
Address
8000 Maryland Avenue, Suite 350, Clayton, MO, USA, 63105
Perimeter Solutions Inc is a solutions provider for the Fire Safety and Specialty Products industries. The Company's products and operations are managed and reported in two operating segments. Its Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services typically offered in conjunction with the Company's retardant and foam products. The Specialty Products segment includes operations that develop, produce and market products for non-fire safety markets. Specialty Products segment is Phosphorus Pentasulfide (P2S5) based lubricant additives. P2S5 is also used in pesticide and mining chemicals applications, and emerging electric battery technologies.
Executives
Vivek Raj director, officer: Chief Financial Officer 1000 LOUISIANA STREET, SUITE 3850, HOUSTON TX 77002
Tracy Britt Cool director C/O BERKSHIRE HATHAWAY INC., 3555 FARNAM STREET, OMAHA NE 68131
Khouri Haitham director, officer: Chief Executive Officer C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000
Windacre Partnership Master Fund, Lp 10 percent owner 2200 POST OAK BLVD., SUITE 1580, HOUSTON TX 77056
Charles W. Kropp officer: Chief Financial Officer C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000
Jeffrey Emery officer: President - Global Fire Safety C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000
Iversen Bernt G Ii director CHAMPION AEROSPACE INC, 1230 OLD NORRIS ROAD, LIBERTY SC 29657
Kevin M Stein director TRANSDIGM GROUP INCORPORATED, 1301 EAST 9TH STREET, SUITE 3000, CLEVELAND OH 44114
Windacre Partnership Llc 10 percent owner 2200 POST OAK BOULEVARD, SUITE 1580, HOUSTON TX 77056
Snehal Amin 10 percent owner 2200 POST OAK BLVD., SUITE 1580, HOU TX 77056
Sean P Hennessy director C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE NW, CLEVELAND OH 44115
Kremling Ernest C. Ii officer: Chief Operating Officer 9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099
Noriko Yokozuka officer: General Counsel C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000
Stephen Cornwall officer: Chief Commercial Officer C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000
Shannon Horn officer: Business Director C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000