HIGHBuilt-inGeographic
76%
United States
“10-K Item 1: 'approximately 76% of our annual revenues derived in the United States'”
PRM · Concentration risk · 10-K extracted
Perimeter Solutions (PRM) concentration risks
Updated
The most significant concentration Perimeter Solutions discloses is United States at 76%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Perimeter Solutions’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-in & outside partyCustomer
32%
USDA Forest Service
“10-K Item 1: 'our two largest customers, the USDA Forest Service and the U.S. Bureau of Land Management accounted for 32% and 11%, respectively, of our consolidated revenues'”
MEDIUMBuilt-in & outside partyCustomer
state of California
“10-K Item 1A: 'We are dependent on sales to the USDA Forest Service...and the state of California, which account for a substantial portion of our revenue related to our Fire Safety segment'”
LOWBuilt-in & outside partyCustomer
11%
U.S. Bureau of Land Management
“10-K Item 1: 'our two largest customers, the USDA Forest Service and the U.S. Bureau of Land Management accounted for 32% and 11%, respectively, of our consolidated revenues'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's revenue base is heavily anchored in the United States: approximately 76% of annual revenues are derived domestically — a high-share structural concentration that reflects the geography of wildfire risk and the distribution of federal and state land management agencies that contract for fire retardant and suppression services. At the customer level, the two largest federal agency relationships are individually disclosed. The USDA Forest Service accounted for 32% of consolidated revenues — a moderate customer concentration for a government-dependent specialty supplier, where contract terms, annual appropriations, and wildfire season intensity all influence the magnitude of the relationship in any given year. The character is mixed: the structural feature is the company's position as the leading qualified supplier; the dependency element is that this single agency relationship drives nearly a third of revenues. The U.S. Bureau of Land Management accounted for 11% of consolidated revenues — a low-share exposure individually, though it is drawn from the same federal budget and fire-season dynamics as the Forest Service relationship. The state of California is also separately identified as a substantial source of revenue within the Fire Safety segment, though no specific figure is disclosed. Together, the profile reflects a business whose revenues are highly correlated with the severity of Western wildfire seasons and the budget allocations of a small number of federal and state land management agencies — a concentration where customer diversification is structurally limited by the nature of the end-market.
For the engine’s reasoning on PRM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Chemicals
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APD | Air Products and Chemicals, Inc | 2 | 0 | 0 | 2 |
| PRM● | Perimeter Solutions, SA | 1 | 2 | 1 | 4 |
| ALB | Albemarle Corporation | 1 | 1 | 0 | 2 |
| AVNT | Avient Corporation | 1 | 0 | 0 | 1 |
| AXTA | Axalta Coating Systems Ltd. | 0 | 1 | 0 | 1 |
| ASH | Ashland Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.