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Side-by-side financial comparison of PERMA FIX ENVIRONMENTAL SERVICES INC (PESI) and Simulations Plus, Inc. (SLP). Click either name above to swap in a different company.

Simulations Plus, Inc. is the larger business by last-quarter revenue ($18.4M vs $15.7M, roughly 1.2× PERMA FIX ENVIRONMENTAL SERVICES INC). Simulations Plus, Inc. runs the higher net margin — 3.7% vs -36.0%, a 39.7% gap on every dollar of revenue. On growth, PERMA FIX ENVIRONMENTAL SERVICES INC posted the faster year-over-year revenue change (6.9% vs -2.7%). Over the past eight quarters, PERMA FIX ENVIRONMENTAL SERVICES INC's revenue compounded faster (7.4% CAGR vs 0.3%).

Perma-Fix Environmental Services Inc provides end-to-end environmental and waste management solutions, specializing in the treatment, processing, and disposal of hazardous, radioactive, and mixed waste streams. It serves U.S. federal government agencies, nuclear facility operators, and industrial clients across the energy, manufacturing, and defense segments.

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

PESI vs SLP — Head-to-Head

Bigger by revenue
SLP
SLP
1.2× larger
SLP
$18.4M
$15.7M
PESI
Growing faster (revenue YoY)
PESI
PESI
+9.5% gap
PESI
6.9%
-2.7%
SLP
Higher net margin
SLP
SLP
39.7% more per $
SLP
3.7%
-36.0%
PESI
Faster 2-yr revenue CAGR
PESI
PESI
Annualised
PESI
7.4%
0.3%
SLP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PESI
PESI
SLP
SLP
Revenue
$15.7M
$18.4M
Net Profit
$-5.7M
$676.0K
Gross Margin
7.7%
59.1%
Operating Margin
-20.6%
3.9%
Net Margin
-36.0%
3.7%
Revenue YoY
6.9%
-2.7%
Net Profit YoY
-62.2%
228.2%
EPS (diluted)
$-0.31
$0.03

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
PESI
PESI
SLP
SLP
Q4 25
$15.7M
$18.4M
Q3 25
$17.5M
$17.5M
Q2 25
$14.6M
$20.4M
Q1 25
$13.9M
$22.4M
Q4 24
$14.7M
$18.9M
Q3 24
$16.8M
$18.7M
Q2 24
$14.0M
$18.5M
Q1 24
$13.6M
$18.3M
Net Profit
PESI
PESI
SLP
SLP
Q4 25
$-5.7M
$676.0K
Q3 25
$-1.8M
$-681.0K
Q2 25
$-2.7M
$-67.3M
Q1 25
$-3.6M
$3.1M
Q4 24
$-3.5M
$206.0K
Q3 24
$-9.0M
$843.0K
Q2 24
$-4.0M
$3.1M
Q1 24
$-3.6M
$4.0M
Gross Margin
PESI
PESI
SLP
SLP
Q4 25
7.7%
59.1%
Q3 25
14.6%
56.4%
Q2 25
10.6%
64.0%
Q1 25
4.7%
58.5%
Q4 24
4.0%
54.0%
Q3 24
7.9%
36.6%
Q2 24
-9.3%
71.5%
Q1 24
-4.6%
72.2%
Operating Margin
PESI
PESI
SLP
SLP
Q4 25
-20.6%
3.9%
Q3 25
-10.7%
3.8%
Q2 25
-19.8%
-364.5%
Q1 25
-26.8%
12.1%
Q4 24
-24.4%
0.7%
Q3 24
-15.5%
-6.2%
Q2 24
-36.0%
10.1%
Q1 24
-32.8%
24.3%
Net Margin
PESI
PESI
SLP
SLP
Q4 25
-36.0%
3.7%
Q3 25
-10.5%
-3.9%
Q2 25
-18.6%
-330.6%
Q1 25
-25.7%
13.7%
Q4 24
-23.7%
1.1%
Q3 24
-53.4%
4.5%
Q2 24
-28.2%
16.9%
Q1 24
-26.1%
22.0%
EPS (diluted)
PESI
PESI
SLP
SLP
Q4 25
$-0.31
$0.03
Q3 25
$-0.10
$-0.03
Q2 25
$-0.15
$-3.35
Q1 25
$-0.19
$0.15
Q4 24
$-0.23
$0.01
Q3 24
$-0.57
$0.04
Q2 24
$-0.27
$0.15
Q1 24
$-0.26
$0.20

Balance Sheet & Financial Strength

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

Metric
PESI
PESI
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$35.7M
Total DebtLower is stronger
$1.9M
Stockholders' EquityBook value
$50.1M
$127.1M
Total Assets
$88.0M
$137.8M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PESI
PESI
SLP
SLP
Q4 25
$35.7M
Q3 25
$32.4M
Q2 25
$28.4M
Q1 25
$21.4M
Q4 24
$18.2M
Q3 24
$20.3M
Q2 24
$119.0M
Q1 24
$108.5M
Total Debt
PESI
PESI
SLP
SLP
Q4 25
$1.9M
Q3 25
$1.9M
Q2 25
$2.0M
Q1 25
$2.2M
Q4 24
$2.3M
Q3 24
$2.5M
Q2 24
$2.2M
Q1 24
$2.5M
Stockholders' Equity
PESI
PESI
SLP
SLP
Q4 25
$50.1M
$127.1M
Q3 25
$55.4M
$124.8M
Q2 25
$56.8M
$123.8M
Q1 25
$59.2M
$189.5M
Q4 24
$62.4M
$184.7M
Q3 24
$42.4M
$182.4M
Q2 24
$51.0M
$180.9M
Q1 24
$36.2M
$177.0M
Total Assets
PESI
PESI
SLP
SLP
Q4 25
$88.0M
$137.8M
Q3 25
$91.2M
$131.9M
Q2 25
$90.2M
$134.4M
Q1 25
$92.9M
$201.4M
Q4 24
$97.2M
$196.9M
Q3 24
$78.2M
$196.6M
Q2 24
$87.0M
$192.7M
Q1 24
$74.0M
$194.0M
Debt / Equity
PESI
PESI
SLP
SLP
Q4 25
0.04×
Q3 25
0.03×
Q2 25
0.04×
Q1 25
0.04×
Q4 24
0.04×
Q3 24
0.06×
Q2 24
0.04×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
PESI
PESI
SLP
SLP
Operating Cash FlowLast quarter
$-2.1M
$4.2M
Free Cash FlowOCF − Capex
$-4.2M
FCF MarginFCF / Revenue
-26.9%
Capex IntensityCapex / Revenue
13.4%
0.0%
Cash ConversionOCF / Net Profit
6.26×
TTM Free Cash FlowTrailing 4 quarters
$-15.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PESI
PESI
SLP
SLP
Q4 25
$-2.1M
$4.2M
Q3 25
$-4.6M
$5.6M
Q2 25
$-1.9M
$8.1M
Q1 25
$-2.1M
$5.7M
Q4 24
$-3.3M
$-1.3M
Q3 24
$-5.6M
$1.7M
Q2 24
$-1.3M
$5.7M
Q1 24
$-4.5M
$5.8M
Free Cash Flow
PESI
PESI
SLP
SLP
Q4 25
$-4.2M
Q3 25
$-5.8M
$5.3M
Q2 25
$-2.8M
$7.8M
Q1 25
$-2.6M
$5.6M
Q4 24
$-4.5M
$-1.4M
Q3 24
$-7.0M
$1.6M
Q2 24
$-1.9M
$5.6M
Q1 24
$-4.8M
$5.4M
FCF Margin
PESI
PESI
SLP
SLP
Q4 25
-26.9%
Q3 25
-33.3%
30.5%
Q2 25
-19.2%
38.5%
Q1 25
-18.9%
25.0%
Q4 24
-30.5%
-7.2%
Q3 24
-41.7%
8.8%
Q2 24
-13.5%
30.0%
Q1 24
-35.0%
29.4%
Capex Intensity
PESI
PESI
SLP
SLP
Q4 25
13.4%
0.0%
Q3 25
6.7%
1.5%
Q2 25
6.2%
1.5%
Q1 25
3.8%
0.3%
Q4 24
8.0%
0.5%
Q3 24
8.2%
0.1%
Q2 24
4.3%
0.6%
Q1 24
1.8%
2.4%
Cash Conversion
PESI
PESI
SLP
SLP
Q4 25
6.26×
Q3 25
Q2 25
Q1 25
1.84×
Q4 24
-6.18×
Q3 24
1.97×
Q2 24
1.81×
Q1 24
1.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PESI
PESI

Fixed Price$11.4M73%
Services$4.3M27%

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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