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Perma-Fix Environmental Services (PESI)
NASDAQ:PESI
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Perma-Fix
(NASDAQ:PESI)
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Rating:60Neutral
Price Target:
$15.00
▲(10.95% Upside)
Perma-Fix's overall stock score reflects a mix of challenges and opportunities. The most significant factor is the company's financial performance, which is currently weak due to profitability and liquidity issues. However, strong technical indicators and positive earnings call sentiment, particularly in the Treatment segment, provide some optimism. The recent corporate event further supports operational stability. Valuation remains a concern due to negative earnings and lack of dividends.
Perma-Fix (PESI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$244.99M
Dividend YieldN/A
Average Volume (3M)203.00K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth-9.64%
EPS Growth40.01%
CountryUS
Employees293
SectorN/A
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)-0.10
Shares Outstanding18,517,662
10 Day Avg. Volume192,710
30 Day Avg. Volume203,000
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.67
Price to Sales (P/S)2.82
P/FCF Ratio-8.86
Enterprise Value/Market Cap0.72
Enterprise Value/Revenue2.90
Enterprise Value/Gross Profit32.92
Enterprise Value/Ebitda-18.12
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Perma-Fix Business Overview & Revenue Model
Company DescriptionPerma-Fix Environmental Services, Inc. (PESI) is a leading waste management company specializing in the treatment and disposal of radioactive and hazardous waste. Operating primarily within the environmental services sector, PESI offers a range of services including waste management, nuclear services, and environmental remediation. The company focuses on ensuring compliance with environmental regulations while providing innovative solutions for the safe handling of hazardous materials.
How the Company Makes MoneyPerma-Fix generates revenue through multiple streams primarily focused on its waste management services. Key revenue sources include the treatment and disposal of radioactive and hazardous waste, which are charged based on the volume and type of waste processed. Additionally, the company earns income from environmental remediation projects, where it provides cleanup services at contaminated sites. Significant partnerships with government agencies and private sector clients bolster PESI's earnings, particularly through long-term contracts that ensure steady revenue. The company's expertise in regulatory compliance also allows it to command premium pricing for its specialized services.
Perma-Fix Earnings Call Summary
Earnings Call Date:Nov 10, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 19, 2026
Earnings Call Sentiment Positive
The earnings call reflected strong performance in the Treatment segment and significant progress in PFAS and Hanford operations. However, challenges in the Services segment and impacts from the government shutdown were notable. Despite some setbacks, the company is positioned for future growth with a strong backlog and operational improvements.Q3-2025 Updates
Positive Updates
Strong Revenue and Gross Profit Growth
Revenue increased to $17.5 million from $16.8 million in the same period last year. Gross profit more than doubled to $2.6 million from $1.3 million, with gross margin expanding to 14.6% from 7.9%.
Treatment Segment Performance
Treatment segment revenue increased 45% year-over-year to $13.1 million, with segment gross margin improving to 17.3% from 4.5%. Waste sales totaled $14.6 million, up 74% from $8.4 million.
Hanford DFLAW Program Progress
Perma-Fix Northwest is positioned as a critical commercial link in DOE's waste treatment chain, with expected multi-decade high-volume revenues from DFLAW operations.
Advancement in PFAS Destruction Initiative
The first-generation PFAS system operated reliably, achieving complete destruction of PFAS compounds with a 10% to 20% cost advantage to incineration and 0 air emissions. A second-generation PFAS unit near Oak Ridge, Tennessee is nearing completion.
Strong Backlog and International Shipments
Treatment backlog ended at $15.4 million, up from $7.9 million. Continued support for international waste shipments, expected to continue into the first half of 2026.
Negative Updates
Services Segment Revenue Decline
Services segment revenue declined to $4.3 million from $7.7 million in Q3 of '24, primarily due to DOE and DoD project delays and slower award timing.
Impact of Government Shutdown
Temporary government shutdown may impact services timing, but the company expects higher DOE project activity as funding normalizes.
Increased SG&A Expenses
SG&A expenses were $4.1 million, up approximately $451,000 from the prior year due to higher personnel-related costs and professional services expenses.
Slow Progress in PFAS Market
PFAS market is moving slower than originally anticipated, with significant contributions to EBITDA expected in the second quarter of next year.
Company Guidance
During the Perma-Fix Fiscal Third Quarter 2025 Earnings Conference Call, Mark Duff, the President and CEO, reported a revenue increase to $17.5 million from $16.8 million in the same period last year, with gross profit more than doubling to $2.6 million from $1.3 million. The company's gross margin expanded to 14.6% from 7.9%, mainly due to higher waste volumes and a favorable mix within Treatment operations. The Treatment segment saw a 45% revenue increase year-over-year to $13.1 million, with the segment's gross margin improving to 17.3% from 4.5%. The backlog for Treatment ended the quarter at $15.4 million, up from $7.9 million the previous year. Mark Duff highlighted significant strides in the PFAS destruction initiative, with a backlog of 20,000 gallons under contract and an anticipated commitment for another 25,000 gallons by year-end. The Services segment, however, reported a decline in revenue to $4.3 million from $7.7 million due to project delays. Looking ahead, the company expects continued growth supported by its robust backlog and operational efficiencies, especially with the Department of Energy's Hanford project and PFAS initiatives.Perma-Fix Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
55
Neutral
Cash Flow
35
Negative
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Perma-Fix Technical Analysis
Neutral
13.52
Price Trends
13.16
Negative
11.92
Positive
10.67
Positive
Market Momentum
0.15
Positive
46.83
Neutral
22.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PESI, the sentiment is Neutral. The current price of 13.52 is above the 20-day moving average (MA) of 13.30, above the 50-day MA of 13.16, and above the 200-day MA of 10.67, indicating a neutral trend. The MACD of 0.15 indicates Positive momentum. The RSI at 46.83 is Neutral, neither overbought nor oversold. The STOCH value of 22.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PESI.
Perma-Fix Peers Comparison
UnderperformOutperform
Sector (―)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
78 Outperform | $12.79B | 33.16 | 14.64% | ― | 2.85% | -6.27% | |
69 Neutral | $923.37M | -27.61 | -4.17% | ― | 22.77% | 44.73% | |
69 Neutral | $6.25B | 415.38 | 0.98% | ― | 20.54% | 106.35% | |
60 Neutral | $244.99M | -19.77 | -23.26% | ― | -9.64% | 40.01% | |
51 Neutral | $43.83M | -1.84 | -44.35% | ― | -9.25% | -189.37% |
* Sector Average
PESI
Perma-Fix
12.97
2.38
22.47%
CWST
Casella Waste
99.65
-6.59
-6.20%
CLH
Clean Harbors
239.00
8.06
3.49%
QRHC
Quest Resource
2.05
-3.84
-65.20%
MEG
Montrose Environmental Group
26.06
8.81
51.07%
AMBI
Ambipar Emergency Response
0.51
-4.84
-90.47%
Perma-Fix Corporate Events
Legal ProceedingsRegulatory Filings and Compliance
Perma-Fix Rescinds Stock Plan Amendment Amid Legal Challenge
Neutral
Nov 19, 2025
On November 13, 2025, Perma-Fix‘s Board of Directors rescinded a previously approved amendment to its 2017 Stock Option Plan due to a legal challenge regarding voting procedures. The Board also amended the company’s bylaws to align with recent changes in Delaware law and to clarify voting requirements, aiming to resolve uncertainties and enhance corporate governance. These actions reflect Perma-Fix’s commitment to maintaining compliance and transparency, potentially impacting shareholder relations and corporate operations.
Business Operations and Strategy
Perma-Fix Signs New Collective Bargaining Agreement
Positive
Sep 30, 2025
On September 25, 2025, Perma-Fix Environmental Services, Inc.’s subsidiary, Perma-Fix Northwest Richland, Inc., entered into a Collective Bargaining Agreement with the United Association of Plumbers and Steamfitters Local Union 598, effective October 1, 2025. The agreement, covering 71 production employees, aims to stabilize the workforce by governing compensation and working conditions, including annual wage increases and healthcare benefits, with a term lasting until October 1, 2030.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.