PPIH - NASDAQ

Perma-Pipe International Holdings, Inc.

PPIH·NASDAQ

$32.26

-1.1%

IndustrialsConstruction

Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers provides and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines. The company also offers liquid and powder based anti-corrosion coatings for external and internal surfaces of steel pipe, including shapes like bends, reducers, tees, and other spools/fittings that is used in pipelines for the transportation of oil and gas products and potable water. It has operations in the United States, Canada, the Middle East, Europe, India, and internationally. The company was formerly known as MFRI, Inc. and changed its name to Perma-Pipe International Holdings, Inc. in March 2017. Perma-Pipe International Holdings, Inc. was incorporated in 1993 and is headquartered in Niles, Illinois.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$262.06M

EPS2.1200

P/E Ratio15.22

Earnings Date06/09/2026

217.49M

Assets

32%

3Y+40.0%

5Y+77.0%

10Y+112.0%

111.19M

Total Liabilities

35%

3Y+33.0%

5Y+71.0%

10Y+108.0%

106.30M

Total Equity

28%

3Y+48.0%

5Y+84.0%

10Y+116.0%

Perma-Pipe International Holdings, Inc. Funding & Solvency Profile

PPIH · NASDAQ

Current Assets

Cash & Cash Equivalents18.72M

Net Receivables99.49M

Inventory18.11M

Other Current Assets10.41M

Total Current Assets147 M

Non-Current Assets

Property, Plant & Equipment57.17M

Goodwill & Intangible Assets2.19M

Long-Term Investments0.00

Other Non-Current Assets5.44M

Total Non-Current Assets63 M

Total Assets

217.49M

Financial Health Analysis

Current Ratio

1.84x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

1.05x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

67 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

67% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Perma-Pipe International Holdings, Inc. Balance Sheet

PPIH • NASDAQ

Perma-Pipe International Holdings, Inc. Balance Sheet	Jan 2026	Jan 2025	Jan 2025	Jan 2024	Jan 2024	Jan 2023	Jan 2023	Jan 2022	Jan 2022	Jan 2021	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	18.7M	15.7M	15.7M	5.8M	5.8M	5.8M	5.8M	8.2M	8.2M	7.2M	7.2M	13.4M	10.2M	7.1M	7.6M	16.6M	10.5M	13.4M	7M	4.2M
Short-Term Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	3M	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	18.7M	15.7M	15.7M	5.8M	5.8M	5.8M	5.8M	8.2M	8.2M	7.2M	7.2M	13.4M	10.2M	7.1M	7.6M	19.7M	13.2M	13.4M	7M	4.2M
Net Receivables	99.5M	65M	65M	66.3M	66.3M	56.8M	56.8M	49.4M	49.4M	29.5M	29.5M	31.6M	34.2M	34.4M	33.4M	38.6M	35M	47.1M	24.9M	28.1M
Accounts Receivables	66M	43.1M	43.1M	46.6M	46.6M	42M	42M	44.4M	44.4M	25.2M	25.2M	29.4M	32.5M	32.9M	31.3M	36.1M	34.3M	45.7M	23M	28.1M
Other Receivables	33.5M	21.9M	21.9M	19.7M	19.7M	14.8M	14.8M	5M	5M	4.3M	4.3M	2.2M	1.7M	1.5M	2.1M	2.5M	700K	1.5M	1.9M	0.0
Inventory	18.1M	16.6M	16.6M	15.5M	15.5M	14.7M	14.7M	13.8M	13.8M	12.2M	12.2M	14.5M	12.3M	16.9M	13.6M	15.6M	13.7M	33.5M	42.3M	40M
Prepaids	0.0	0.0	0.0	0.0	9.7M	0.0	7.4M	5.4M	5.1M	3.9M	3.5M	3.5M	3.4M	2.7M	2.2M	2.4M	2.6M	5.4M	3.9M	4M
Other Current Assets	10.4M	11.4M	11.4M	11.1M	1.4M	8.4M	1M	1.6M	1.9M	1.2M	1.5M	1.3M	2.9M	1.2M	1.1M	22.7M	5.5M	1.7M	7.1M	5.9M
Total Current Assets	146.7M	108.8M	108.8M	98.8M	98.8M	85.7M	85.7M	78.4M	78.4M	53.9M	53.9M	64.3M	63M	62.3M	57.8M	97M	87.6M	101.1M	84.3M	82.4M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	57.2M	43.6M	43.6M	44.1M	44.1M	31M	31M	36M	36M	40.3M	40.3M	40.1M	30.4M	34.5M	36.3M	25.4M	42M	42.5M	46.4M	47.8M
Goodwill	2.2M	2.1M	2.1M	2.2M	2.2M	2.2M	2.2M	2.3M	2.3M	2.3M	2.3M	2.3M	2.3M	2.4M	2.3M	0.0	0.0	0.0	0.0	0.0
Intangible Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	373K	373K	331K
Goodwill & Intangible Assets	2.2M	2.1M	2.1M	2.2M	2.2M	2.2M	2.2M	2.3M	2.3M	2.3M	2.3M	2.3M	2.3M	2.4M	2.3M	0.0	0.0	373K	373K	331K
Long-Term Investments	0.0	0.0	2.6M	0.0	0.0	0.0	2.9M	0.0	4.3M	0.0	2.7M	2.1M	3.5M	3.2M	-147K	9.1M	11.8M	9.7M	9M	4.6M
Tax Assets	6M	6.6M	6.6M	7.9M	7.9M	696K	696K	811K	811K	823K	823K	293K	458K	391K	147K	0.0	0.0	1.7M	1.8M	11M
Other Non-Current Assets	5.4M	4.2M	1.6M	2.7M	2.7M	3.3M	440K	5.9M	1.6M	5.4M	2.7M	3.2M	2.6M	1.7M	5.2M	6.6M	7.1M	7.9M	7.6M	10.8M
Total Non-Current Assets	70.8M	56.4M	56.4M	56.9M	56.9M	37.3M	37.3M	45M	45M	48.8M	48.8M	48M	39.2M	42.3M	43.8M	41.1M	60.9M	62.2M	65.1M	74.6M
Total Assets	217.5M	165.2M	165.2M	155.7M	155.7M	123M	123M	123.4M	123.4M	102.7M	102.7M	112.2M	102.2M	104.6M	101.6M	138.1M	148.5M	163.3M	149.5M	157M
LIABILITIES
CURRENT LIABILITIES
Total Payables	36.5M	33.3M	33.3M	33.4M	27.7M	23M	14.8M	17.7M	13.6M	11.7M	10.4M	9.6M	12M	14.2M	10.9M	16.2M	14.2M	27.1M	21.5M	25.2M
Accounts Payable	24.5M	23.7M	23.7M	25.3M	25.3M	14.8M	14.8M	13.6M	13.6M	10.4M	10.4M	9.6M	12M	14.2M	10.9M	11M	6.9M	15.3M	22.9M	20M
Other Payables	12M	9.6M	9.6M	8.1M	2.4M	8.3M	0.0	4.1M	0.0	1.4M	0.0	0.0	0.0	0.0	0.0	5.2M	7.3M	11.8M	730K	5.1M
Accrued Expenses	7.2M	6.7M	6.7M	9M	9M	5.5M	11.5M	4.6M	4.6M	2.6M	2.6M	3.4M	3.4M	2.4M	4M	5.6M	1.1M	1.8M	1.7M	4.6M
Short Term Debt	19.7M	9.2M	9.2M	9.6M	9.6M	10.6M	10.5M	7.4M	7M	6.8M	5.3M	9.6M	9.5M	8M	4.5M	14M	16.2M	8.3M	5.4M	2.7M
Capital Lease Obligations (Current)	2.4M	1.1M	1.1M	914K	1M	912K	912K	1.5M	1.5M	1.4M	1.4M	1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax Payables	3.9M	2.4M	2.4M	2.4M	2.4M	2.3M	2.3M	2M	2M	1.2M	1.2M	664K	1.3M	1.3M	684K	2.3M	1.7M	2.6M	34K	417K
Deferred Revenue	14M	3.8M	3.8M	4.8M	3.4M	3.7M	3.7M	4.3M	1.3M	2.9M	762K	1.2M	1.6M	2M	1.1M	4.9M	5M	9.6M	7.6M	4.4M
Other Current Liabilities	0.0	0.0	0.0	0.0	7M	0.0	2.5M	2.9M	2.9M	2.9M	2.9M	4M	3.8M	6.1M	4M	28M	16.2M	6.7M	12.6M	4.6M
Total Current Liabilities	79.8M	54.1M	54.1M	57.7M	57.7M	43.8M	43.8M	38.4M	38.4M	28.3M	28.3M	32.8M	37.1M	39.2M	28M	64.1M	51.8M	53.5M	49.2M	39.5M
NON-CURRENT LIABILITIES
Long Term Debt	4.2M	3.7M	3.7M	4.2M	4.2M	4.4M	4.4M	5.1M	5.1M	6.3M	5.9M	6M	6.8M	7.7M	7.3M	1.5M	2.4M	23.5M	35.6M	34.7M
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-5.3M
Deferred Tax Liabilities (Non-Current)	1.8M	1.3M	1.3M	1.2M	1.2M	909K	909K	712K	712K	914K	914K	1.1M	1.4M	1.2M	1.8M	160K	165K	0.0	0.0	11M
Other Non-Current Liabilities	4.8M	3.8M	3.8M	2.5M	2.5M	2.6M	2.6M	4.2M	4.2M	4.8M	4.8M	4.8M	5.2M	4.6M	5.1M	3.4M	6.8M	9.7M	10.4M	5.1M
Total Non-Current Liabilities	31.4M	28.1M	28.1M	26M	26M	21.4M	21.4M	30.5M	30.5M	25.1M	25.1M	23.8M	13.4M	13.6M	14.2M	5M	9.8M	33.1M	46M	45.4M
Capital Lease Obligations	23M	20.3M	20.3M	19M	19M	14.4M	14.4M	22.1M	22.1M	14.6M	14.6M	12.3M	11.9M	572K	572K	283K	0.0	0.0	0.0	0.0
Total Liabilities	111.2M	82.1M	82.1M	83.7M	83.7M	65.2M	65.2M	68.9M	68.9M	53.4M	53.4M	56.6M	49.8M	52.8M	42.2M	69.1M	75M	86.6M	95.2M	84.9M
SHAREHOLDERS' EQUITY
Treasury Stock	61.1M	0.0	0.0	-968K	-968K	-26K	-26K	-2M	-2M	0.0	0.0	0.0	0.0	0.0	-170K	-290K	0.0	0.0	0.0	0.0
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	160K	0.0	0.0
Common Stock	81K	80K	80K	80K	80K	80K	80K	82K	82K	82K	82K	80K	79K	77K	76K	74K	73K	72K	69K	69K
Additional Paid-In Capital	0.0	60.2M	60.2M	60.1M	60.1M	62.6M	62.6M	61.8M	61.8M	60.9M	60.9M	60M	58.8M	56.3M	55.4M	53M	52.7M	52.1M	50.4M	49.8M
Retained Earnings	37.1M	20.1M	20.1M	12.1M	12.1M	1.6M	1.6M	-2.3M	-2.3M	-8.4M	-8.4M	-715K	-3.6M	-3.1M	6.9M	20.2M	25.3M	25.6M	4.6M	22.8M
Accumulated Other Comprehensive Income/Loss	-7.7M	-8.2M	-8.2M	-5.6M	-5.6M	-6.4M	-6.4M	-3.1M	-3.1M	-3.3M	-3.3M	-3.8M	-2.9M	-1.5M	-2.7M	-4M	-4.5M	-1.2M	-725K	-580K
Total Stockholders' Equity	90.6M	72.1M	72.1M	65.7M	65.7M	57.8M	57.8M	54.5M	54.5M	49.3M	49.3M	55.6M	52.4M	51.8M	59.4M	69M	73.5M	76.6M	54.3M	72.1M
Total Equity	106.3M	83.1M	83.1M	72M	72M	57.8M	57.8M	54.5M	54.5M	49.3M	49.3M	55.6M	52.4M	51.8M	59.4M	69M	73.5M	76.6M	54.3M	72.1M
Minority Interest	15.7M	11M	11M	6.3M	6.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
SUMMARY
Total Liabilities & Equity	217.5M	165.2M	165.2M	155.7M	155.7M	123M	123M	123.4M	123.4M	102.7M	102.7M	112.2M	102.2M	104.6M	101.6M	138.1M	148.5M	163.3M	149.5M	157M
Total Investments	0.0	0.0	2.6M	0.0	0.0	0.0	2.9M	0.0	4.3M	0.0	2.7M	2.1M	3.5M	3.2M	-147K	12.2M	11.8M	9.7M	9M	4.6M
Total Debt	46.9M	33.3M	33.3M	32.8M	32.8M	29.4M	29.2M	34.5M	34.5M	27.6M	27.6M	29M	16.3M	15.8M	11.7M	15.5M	18.5M	31.7M	42M	37.4M
Net Debt	28.1M	17.5M	17.5M	26.9M	26.9M	23.6M	23.4M	26.3M	26.3M	20.4M	20.4M	15.6M	6.1M	8.7M	4.1M	-1.1M	19.1M	18.3M	35M	33.2M
Shares Outstanding	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625	7,988,625

SEC Filings

PPIH - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
DEF 14A DEF 14A 2026 N/A	May 13, 2026	June 24, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 16, 2026	April 10, 2026	2026	View Filing
10-K 10-K 2026 FY FY	April 16, 2026	January 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 14, 2026	April 14, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 07, 2026	April 07, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 19, 2026	March 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 20, 2026	January 15, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 12, 2025	December 12, 2025	2025	View Filing
10-Q 10-Q 2025 Q4 Q4	December 12, 2025	October 31, 2025	2025	View Filing
8-K 8-K 2025 N/A	December 05, 2025	December 05, 2025	2025	View Filing

Showing 1 to 10 of 321 filings

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