Perimeter Solutions, SA — Earnings Quality Grade F
PRM · Basic Materials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 36 days, change -0 days YoY
AR growth 14.8% vs revenue growth 16.4%
Revenue 16.4%, CFFO 26.4%. Cash follows revenue
Expense Quality
Inventory 20.0% vs COGS 13.9%. Normal
CapEx growth 188.6% is >2x revenue growth 16.4%
SG&A/Gross Profit = 20.7%, excellent (<30%)
Gross margin 57.5%, change +0.9pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF $0.2B, FCF/NI = -0.94
Accruals ratio = -16.8%. Low accruals
Cash $0.3B covers only 46% of debt $0.7B
Balance Sheet Health
Goodwill+Intangibles $2.0B = 173% of equity. Over 50%
Interest coverage = -5.1x (<2x). Financial stress
Other assets grew 200.9% vs revenue 16.4%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 2% YoY. Normal
Manipulation Score
M-Score = -3.17 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25