Perforating rhymes with:
proliferating, accelerating, collaborating, commemorating, cooperating, corroborating, decelerating, decorating, degenerating, deliberating, deteriorating, elaborating, evaporating, exaggerating, exasperating, exhilarating, exonerating, generating, inaugurating, incarcerating, incinerating, incorporating, invigorating, liberating, moderating, nonoperating, obliterating, operating, proliferating, recuperating, redecorating, regenerating, reincorporating, reinvigorating, reiterating, reverberating, saturating, separating, tolerating, venerating
Perforating sounds like:
perforations, perverting, preparations, preparedness, proofreading, proportions, purporting