Perma-Pipe International Holdings, Inc.
PPIH Nasdaq· Industrial & Commercial Fans & Blowers & Air Purifing Equip
Last close · Oct 26, 2026
$29.19
KIRA · Stoqly’s AI analyst, in plain words
- Perma-Pipe International Holdings, Inc. had $211M of revenue in fiscal 2026, up 33.2% on the year before. Over five years, revenue changed +20.0% a year on average.
- Its operating margin was 14.0%, up 1.1 pts: of every 100 in sales, about 14 is left after running the business.
- Perma-Pipe International Holdings, Inc. made $17.0M of net profit in fiscal 2026.
- Free cash flow was −$1.3M in fiscal 2026, −0.6% of revenue.
- Perma-Pipe International Holdings, Inc. owes $14.5M more than it holds in cash, about 0.4 years of operating profit.
Market cap
$241M
P/E
15.3x
Revenue
$211M
Net income
$17.0M
Free cash flow
−$1.3M
Operating margin
14.0%
Perma-Pipe International Holdings, Inc. in 30 seconds · fiscal 2026
Are sales growing?
+33.2%
Yes. Sales grew 33.2% last year.
Does it make a profit?
8.1%
A little. It keeps 8.1% of every sale as profit.
Does profit turn into cash?
−0.6%
No. It spent more cash than it brought in.
Is debt under control?
0.4x
Yes. It could repay its debt with 0.4 years of operating profit.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
15.3x
One share costs 15.3 times its yearly profit per share.
What Perma-Pipe International Holdings, Inc. does
No business description yet.
- Fiscal year ends
- January 31, 2026
- Latest annual report
- 10-K · Apr 16, 2026
- Legal name
- Perma-Pipe International Holdings, Inc.
- CIK
- 0000914122
Perma-Pipe International Holdings, Inc. · PPIH
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $139M | $143M | $151M | $158M | $211M |
| Revenue growth | 63.6% | 2.9% | 5.7% | 5.1% | 33.2% |
| Net interest income | −$0.8M | −$2.1M | −$2.3M | −$1.9M | −$1.8M |
| Gross margin | 23.5% | 26.9% | 27.5% | 33.6% | 32.9% |
| Operating margin | 5.9% | 7.8% | 8.9% | 12.8% | 14.0% |
| Net income | $6.1M | $5.9M | $10.5M | $9.0M | $17.0M |
| Net margin | 4.4% | 4.2% | 6.9% | 5.7% | 8.1% |
| Diluted EPS | $0.72 | $0.73 | $1.30 | $1.12 | $2.09 |
| Cash | |||||
| Cash from operations | −$2.6M | −$1.2M | $14.7M | $13.9M | $9.2M |
| Capital expenditure | $2.3M | $7.0M | $11.1M | $2.9M | $10.4M |
| Free cash flow | −$4.8M | −$8.2M | $3.6M | $11.1M | −$1.3M |
| FCF margin | −3.5% | −5.8% | 2.4% | 7.0% | −0.6% |
| Share buybacks | $2.0M | $0.1M | $0.9M | $0.0M | — |
| Share count change | 3.3% | −3.3% | −0.5% | −0.7% | 1.7% |
| Debt and strength | |||||
| Cash and short-term investments | $8.2M | $5.8M | $5.8M | $15.7M | $18.7M |
| Debt incl. finance leases | $22.3M | $24.4M | $24.6M | $39.8M | $33.3M |
| Shareholders' equity | $54.5M | $57.8M | $65.7M | $72.1M | $90.6M |
| Net debt / EBITDA | 1.1x | 1.3x | 1.1x | 1.0x | 0.4x |
| Current ratio | 2.0x | 2.0x | 1.7x | 2.0x | 1.8x |
| Interest coverage | 8.8x | 5.0x | 5.5x | 9.1x | 13.9x |
| Returns and quality | |||||
| Return on capital | 8.7% | 9.5% | 15.8% | 15.0% | 21.2% |
| Return on equity | 11.7% | 10.6% | 17.0% | 13.0% | 20.9% |
| Return on tangible equity | 11.6% | 10.7% | 16.5% | 12.8% | 19.3% |
| Piotroski F-score | 5 | 4 | 7 | 6 | 5 |
| Altman Z'' | 3.3 | 3.8 | 3.3 | 4.2 | 4.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Perma-Pipe International Holdings, Inc. · PPIH
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $29.19 a share, the company is worth $241M: 15.3 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0000914122). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.