Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc.

PPIHยทNASDAQ

$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.

At a Glance

Live Snapshot
Market Cap$262.06M
EPS2.1200
P/E Ratio15.22
Earnings Date06/09/2026
3Y+40.0%
5Y+48.0%
10Y+149.0%
3Y+63.0%
5Y+187.0%
10Y-323.0%
3Y-38.0%
5Y-839.0%
10Y+5457.0%
Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc. Profit Bridge

PPIH ยท NASDAQ
Revenue210.93M
Cost of Goods Sold (141.44M)
Gross Profit69.49M
Operating Expenses (40.04M)
Operating Income29.45M
Interest Expense (2.12M)
Other Income/Expense-1.96M
Pretax Income27.49M
Income Tax (6.84M)
Net Income17.04M
Net Income
17.04M

Profitability Analysis

Gross Margin

32.9%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

14.0%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

8.1%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

24.9%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

Perma-Pipe International Holdings, Inc. Income Statement

PPIH โ€ข NASDAQ

Perma-Pipe International Holdings, Inc. Income StatementJan 2026Jan 2025Jan 2025Jan 2024Jan 2024Jan 2023Jan 2023Jan 2022Jan 2022Jan 2021Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012
REVENUE
210.9M
158.4M
158.4M
150.7M
150.7M
142.6M
142.6M
138.6M
138.6M
84.7M
84.7M
127.7M
129M
105.2M
98.8M
122.7M
194.9M
226.8M
212M
233.5M
GROSS PROFIT
(141.4M)
(105.1M)
(105.1M)
(109.2M)
(109.2M)
(104.3M)
(104.3M)
(106M)
(106M)
(73.5M)
(73.5M)
(98.6M)
(105.6M)
(93.5M)
(87.1M)
(96M)
(156.3M)
(174.6M)
(173.9M)
(197.2M)
69.5M
53.2M
53.2M
41.5M
41.5M
38.3M
38.3M
32.5M
32.5M
11.2M
11.2M
29M
23.3M
11.7M
11.7M
26.7M
38.5M
52.2M
38.1M
36.3M
OPERATING INCOME
(40M)
(32.9M)
(32.9M)
(28.1M)
(28.1M)
(27.2M)
(27.2M)
(24.4M)
(24.4M)
(22.6M)
(22.6M)
(23.1M)
(20.6M)
(21.3M)
(22.5M)
(23.9M)
(24.9M)
(39.1M)
(43.9M)
(41.4M)
(40M)
(32.9M)
(32.9M)
(28.1M)
(28.1M)
(27.2M)
(27.2M)
(24.4M)
(24.4M)
(22.6M)
(22.6M)
(24.2M)
(20.6M)
(21.3M)
(23.3M)
(23.9M)
(24.9M)
(39.1M)
(36.3M)
(41.4M)
(0.0)
(100K)
(100K)
(500K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(200K)
(300K)
(200K)
(0.0)
(0.0)
(700K)
(2.2M)
(0.0)
29.4M
20.3M
20.3M
13.4M
13.4M
11.1M
11.1M
8.1M
8.1M
-11.4M
-11.4M
4.9M
2.7M
-9.5M
-11.6M
2.9M
2.2M
13.1M
-7.3M
-5.1M
PRE-TAX INCOME
(2.1M)
(2.2M)
(2.2M)
(2.4M)
(2.4M)
(2.2M)
(2.2M)
(918K)
(918K)
(649K)
(649K)
(1.1M)
(1.3M)
(808K)
(746K)
(950K)
(1M)
(1.9M)
(2M)
(2.2M)
-1.8M
-1.9M
-1.9M
-2.3M
-2.3M
-2.1M
-2.1M
-828K
-828K
-381K
-381K
-905K
-1.1M
-697K
-569K
-470K
-519K
-1.3M
-1.5M
-1.4M
(0.0)
-100K
-100K
(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)
-2M
-1.8M
-1.8M
-3.5M
-3.5M
-1.6M
-1.6M
216K
216K
3.6M
3.6M
154K
-1.1M
-697K
-2.2M
132K
1.1M
-783K
-395K
121K
27.5M
18.5M
18.5M
9.9M
9.9M
9.6M
9.6M
8.3M
8.3M
-7.8M
-7.8M
5M
1.6M
-10.2M
-13.8M
3M
3.3M
12.3M
-7.7M
-5M
NET INCOME
(6.8M)
(5.4M)
(5.4M)
-3.3M
-3.3M
(3.6M)
(3.6M)
(2.3M)
(2.3M)
-133K
-133K
(1.5M)
(2.2M)
-233K
-611K
(1.4M)
(3.1M)
-493K
(10.8M)
(17K)
17M
9M
9M
10.5M
10.5M
5.9M
5.9M
6.1M
6.1M
-7.6M
-7.6M
3.6M
-550K
-10M
-12.5M
-4.4M
-256K
21M
-18.5M
-5M

SEC Filings

PPIH - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
DEF 14A

DEF 14A 2026

N/A

May 13, 2026
June 24, 2026
2026
8-K

8-K 2026

N/A

April 16, 2026
April 10, 2026
2026
10-K

10-K 2026 FY

FY

April 16, 2026
January 31, 2026
2026
8-K

8-K 2026

N/A

April 14, 2026
April 14, 2026
2026
8-K

8-K 2026

N/A

April 07, 2026
April 07, 2026
2026
8-K

8-K 2026

N/A

March 19, 2026
March 19, 2026
2026
8-K

8-K 2026

N/A

January 20, 2026
January 15, 2026
2026
8-K

8-K 2025

N/A

December 12, 2025
December 12, 2025
2025
10-Q

10-Q 2025 Q4

Q4

December 12, 2025
October 31, 2025
2025
8-K

8-K 2025

N/A

December 05, 2025
December 05, 2025
2025
Showing 1 to 10 of 321 filings