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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) and Perimeter Solutions, Inc. (PRM). Click either name above to swap in a different company.

Perimeter Solutions, Inc. is the larger business by last-quarter revenue ($102.8M vs $86.5M, roughly 1.2× Burke & Herbert Financial Services Corp.). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs -136.5%, a 171.4% gap on every dollar of revenue. On growth, Perimeter Solutions, Inc. posted the faster year-over-year revenue change (19.2% vs 4.9%). Burke & Herbert Financial Services Corp. produced more free cash flow last quarter ($96.2M vs $11.6M). Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs 31.9%).

Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.

Perimeter 81 is an Israeli cloud and network security company that develops secure remote networks, based on the zero trust architecture, for organizations. Its technology replaces legacy security appliances like VPNs and firewalls.

BHRB vs PRM — Head-to-Head

Bigger by revenue
PRM
PRM
1.2× larger
PRM
$102.8M
$86.5M
BHRB
Growing faster (revenue YoY)
PRM
PRM
+14.3% gap
PRM
19.2%
4.9%
BHRB
Higher net margin
BHRB
BHRB
171.4% more per $
BHRB
34.9%
-136.5%
PRM
More free cash flow
BHRB
BHRB
$84.6M more FCF
BHRB
$96.2M
$11.6M
PRM
Faster 2-yr revenue CAGR
BHRB
BHRB
Annualised
BHRB
81.1%
31.9%
PRM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHRB
BHRB
PRM
PRM
Revenue
$86.5M
$102.8M
Net Profit
$30.2M
$-140.2M
Gross Margin
45.2%
Operating Margin
43.8%
-160.7%
Net Margin
34.9%
-136.5%
Revenue YoY
4.9%
19.2%
Net Profit YoY
52.8%
-197.3%
EPS (diluted)
$1.98
$-0.89

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BHRB
BHRB
PRM
PRM
Q4 25
$86.5M
$102.8M
Q3 25
$85.4M
$315.4M
Q2 25
$87.1M
$162.6M
Q1 25
$83.0M
$72.0M
Q4 24
$82.5M
$86.2M
Q3 24
$83.8M
$288.4M
Q2 24
$69.3M
$127.3M
Q1 24
$26.4M
$59.0M
Net Profit
BHRB
BHRB
PRM
PRM
Q4 25
$30.2M
$-140.2M
Q3 25
$30.0M
$-90.7M
Q2 25
$29.9M
$-32.2M
Q1 25
$27.2M
$56.7M
Q4 24
$19.8M
$144.2M
Q3 24
$27.6M
$-89.2M
Q2 24
$-16.9M
$21.6M
Q1 24
$5.2M
$-82.6M
Gross Margin
BHRB
BHRB
PRM
PRM
Q4 25
45.2%
Q3 25
63.1%
Q2 25
62.4%
Q1 25
39.1%
Q4 24
48.6%
Q3 24
62.8%
Q2 24
57.6%
Q1 24
35.1%
Operating Margin
BHRB
BHRB
PRM
PRM
Q4 25
43.8%
-160.7%
Q3 25
43.3%
-27.7%
Q2 25
42.7%
-16.1%
Q1 25
39.6%
Q4 24
24.6%
71.1%
Q3 24
39.2%
-12.2%
Q2 24
-27.5%
35.4%
Q1 24
22.3%
-126.8%
Net Margin
BHRB
BHRB
PRM
PRM
Q4 25
34.9%
-136.5%
Q3 25
35.1%
-28.7%
Q2 25
34.3%
-19.8%
Q1 25
32.8%
78.7%
Q4 24
24.0%
167.2%
Q3 24
33.0%
-30.9%
Q2 24
-24.4%
17.0%
Q1 24
19.8%
-139.8%
EPS (diluted)
BHRB
BHRB
PRM
PRM
Q4 25
$1.98
$-0.89
Q3 25
$1.97
$-0.62
Q2 25
$1.97
$-0.22
Q1 25
$1.80
$0.36
Q4 24
$1.72
$1.00
Q3 24
$1.82
$-0.61
Q2 24
$-1.41
$0.14
Q1 24
$0.69
$-0.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BHRB
BHRB
PRM
PRM
Cash + ST InvestmentsLiquidity on hand
$325.9M
Total DebtLower is stronger
$669.1M
Stockholders' EquityBook value
$854.6M
$1.1B
Total Assets
$7.9B
$2.7B
Debt / EquityLower = less leverage
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHRB
BHRB
PRM
PRM
Q4 25
$325.9M
Q3 25
$340.6M
Q2 25
$140.7M
Q1 25
$200.1M
Q4 24
$198.5M
Q3 24
$223.1M
Q2 24
$43.2M
Q1 24
$38.7M
Total Debt
BHRB
BHRB
PRM
PRM
Q4 25
$669.1M
Q3 25
$668.8M
Q2 25
$668.4M
Q1 25
$668.1M
Q4 24
$667.8M
Q3 24
$667.4M
Q2 24
$667.1M
Q1 24
$666.8M
Stockholders' Equity
BHRB
BHRB
PRM
PRM
Q4 25
$854.6M
$1.1B
Q3 25
$822.2M
$1.1B
Q2 25
$780.0M
$1.2B
Q1 25
$758.0M
$1.2B
Q4 24
$730.2M
$1.2B
Q3 24
$738.1M
$1.0B
Q2 24
$693.1M
$1.1B
Q1 24
$319.3M
$1.1B
Total Assets
BHRB
BHRB
PRM
PRM
Q4 25
$7.9B
$2.7B
Q3 25
$7.9B
$2.6B
Q2 25
$8.1B
$2.5B
Q1 25
$7.8B
$2.4B
Q4 24
$7.8B
$2.4B
Q3 24
$7.9B
$2.5B
Q2 24
$7.8B
$2.3B
Q1 24
$3.7B
$2.3B
Debt / Equity
BHRB
BHRB
PRM
PRM
Q4 25
0.59×
Q3 25
0.60×
Q2 25
0.57×
Q1 25
0.55×
Q4 24
0.58×
Q3 24
0.67×
Q2 24
0.62×
Q1 24
0.63×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BHRB
BHRB
PRM
PRM
Operating Cash FlowLast quarter
$107.9M
$18.6M
Free Cash FlowOCF − Capex
$96.2M
$11.6M
FCF MarginFCF / Revenue
111.2%
11.3%
Capex IntensityCapex / Revenue
13.5%
6.8%
Cash ConversionOCF / Net Profit
3.57×
TTM Free Cash FlowTrailing 4 quarters
$164.1M
$208.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHRB
BHRB
PRM
PRM
Q4 25
$107.9M
$18.6M
Q3 25
$39.3M
$198.7M
Q2 25
$41.0K
$-2.9M
Q1 25
$37.6M
$23.7M
Q4 24
$85.8M
$-6.0M
Q3 24
$47.8M
$183.0M
Q2 24
$-46.0M
$8.6M
Q1 24
$7.1M
$2.8M
Free Cash Flow
BHRB
BHRB
PRM
PRM
Q4 25
$96.2M
$11.6M
Q3 25
$35.4M
$193.6M
Q2 25
$-3.4M
$-15.6M
Q1 25
$35.9M
$18.9M
Q4 24
$81.2M
$-12.4M
Q3 24
$46.0M
$179.1M
Q2 24
$-47.0M
$5.0M
Q1 24
$5.6M
$1.2M
FCF Margin
BHRB
BHRB
PRM
PRM
Q4 25
111.2%
11.3%
Q3 25
41.5%
61.4%
Q2 25
-3.9%
-9.6%
Q1 25
43.2%
26.3%
Q4 24
98.5%
-14.4%
Q3 24
55.0%
62.1%
Q2 24
-67.8%
3.9%
Q1 24
21.2%
2.1%
Capex Intensity
BHRB
BHRB
PRM
PRM
Q4 25
13.5%
6.8%
Q3 25
4.5%
1.6%
Q2 25
3.9%
7.8%
Q1 25
2.1%
6.7%
Q4 24
5.5%
7.5%
Q3 24
2.1%
1.3%
Q2 24
1.5%
2.9%
Q1 24
5.7%
2.6%
Cash Conversion
BHRB
BHRB
PRM
PRM
Q4 25
3.57×
Q3 25
1.31×
Q2 25
0.00×
Q1 25
1.38×
0.42×
Q4 24
4.33×
-0.04×
Q3 24
1.73×
Q2 24
0.40×
Q1 24
1.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BHRB
BHRB

Segment breakdown not available.

PRM
PRM

Products$87.7M85%
Service And Other$14.8M14%

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