Performant Financial Corporation

Performant Financial Corporationverified

PFMT

Price:

$3.8

Market Cap:

$293.32M

Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services to the clients in Federal guaranteed student loan program and private institutions; identifies and tracks defaulted borrowers across its clients' portfolios of student loans; rehabilitates and recovers past due student loans; provides tax recovery services to federal, state and municipal agencies; recovers government debt for various federal agencies; and offers audit and recovery services to identify improper healthcare payments for public and private healthcare clients. It also identifies improper payment...[Read more]

Industry

Specialty Business Services

IPO Date

2012-08-10

Stock Exchange

NASDAQ

Ticker

PFMT

The Current Ratio as of September 2024 (TTM) for Performant Financial Corporation (PFMT) is 2.65

According to Performant Financial Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 2.65. This represents a change of -12.23% compared to the average of 3.02 of the last 4 quarters.

Performant Financial Corporation (PFMT) Historical Current Ratio (quarterly & annually)

How has PFMT Current Ratio performed in the past?

The mean historical Current Ratio of Performant Financial Corporation over the last ten years is 2.21. The current 2.65 Current Ratio has changed 11.90% with respect to the historical average. Over the past ten years (40 quarters), PFMT's Current Ratio was at its highest in in the September 2022 quarter at 4.22. The Current Ratio was at its lowest in in the September 2020 quarter at 0.65.

Quarterly (TTM)
Annual

Average

2.21

Median

2.09

Minimum

0.71

Maximum

4.05

Performant Financial Corporation (PFMT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Performant Financial Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 342.55%

Maximum Annual Current Ratio = 4.05

Minimum Annual Increase = -62.92%

Minimum Annual Current Ratio = 0.71

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.21-20.61%
20224.0529.54%
20213.12342.55%
20200.71-62.92%
20191.90-15.53%
20182.2574.87%
20171.29-7.87%
20161.40-30.51%
20152.01-7.13%
20142.17-13.04%

Performant Financial Corporation (PFMT) Average Current Ratio

How has PFMT Current Ratio performed in the past?

The current Current Ratio of Performant Financial Corporation (PFMT) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

3.46

5-year avg

2.60

10-year avg

2.21

Performant Financial Corporation (PFMT) Current Ratio vs. Peers

How is PFMT’s Current Ratio compared to its peers?

Performant Financial Corporation’s Current Ratio is less than Network-1 Technologies, Inc. (103.84), greater than Rentokil Initial plc (1.04), greater than Wilhelmina International, Inc. (1.83), less than First Advantage Corporation (0), less than PFSweb, Inc. (4.31), greater than Discount Print USA, Inc. (1.76), greater than Cass Information Systems, Inc. (0.00), greater than Civeo Corporation (1.14), greater than Maximus, Inc. (1.55), greater than CBIZ, Inc. (1.59), greater than BrightView Holdings, Inc. (1.48), greater than null (1.45),

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