Perma-Pipe International Holdings, Inc.
IndustrialsNASDAQ:PPIH · NASDAQ Global Market
-$1.55 today
Vol 0.20M · Avg 0.10M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$214.4M of revenue converted into $13.9M of net income for the selected period. Gross margin is 31.3% and net margin is 6.2%, showing how much revenue survives after costs and taxes. EPS is $1.69, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $210.9M +33.2% | $158.4M +5.1% | $150.7M +5.7% | $142.6M +2.9% | $138.6M | $1.0B | $809.6M | $921.6M |
| Cost of Revenue | $141.4M +34.5% | $105.1M -3.7% | $109.2M +4.7% | $104.3M -1.7% | $106.0M | $344.8M | $725.6M | $804.0M |
| Gross Profit | $69.5M +30.5% | $53.2M +28.4% | $41.5M +8.2% | $38.3M +17.7% | $32.5M | $10.3B | $8.9B | $7.6B |
| Gross Margin | 32.9% -0.7pp | 33.6% +6.1pp | 27.5% +0.7pp | 26.9% +3.4pp | 23.5% | 45.5% | 9.8% | 28.9% |
| Research & Development | $0 -100.0% | $100.0K | $0 | $0 | $0 | $378.4M | $983.2M | $1.3B |
| Selling, General & Admin | $40.0M +21.5% | $32.9M +17.3% | $28.1M +3.5% | $27.2M +11.2% | $24.4M | $1.4B | $620.6M | $923.0M |
| Operating Expenses | $40.0M +21.5% | $32.9M +17.3% | $28.1M +3.5% | $27.2M +11.2% | $24.4M | $3.6B | $5.3B | $7.0B |
| Depreciation & Amortization | $4.9M +4688.8% | -$107.0K -102.8% | $3.8M +5.0% | $3.6M -15.7% | $4.3M | $1.2B | $374.2M | $1.2B |
| EBITDA | $34.5M +70.1% | $20.3M +25.7% | $16.1M +4.6% | $15.4M +13.8% | $13.6M | $12.6B | -$15.2B | $6.8B |
| EBITDA Margin | 16.4% +3.5pp | 12.8% +2.1pp | 10.7% -0.1pp | 10.8% +1.0pp | 9.8% | 10.0% | 5.6% | 46.3% |
| Operating Income | $29.4M +45.1% | $20.3M +52.0% | $13.4M +19.9% | $11.1M +37.4% | $8.1M | $10.6B | $12.3B | $14.0B |
| Operating Margin | 14.0% +1.1pp | 12.8% +4.0pp | 8.9% +1.0pp | 7.8% +2.0pp | 5.9% | 18.7% | 16.6% | 24.1% |
| Interest Income | $298.0K +4.9% | $284.0K +74.2% | $163.0K +31.5% | $124.0K +37.8% | $90.0K | $1.3B | -$1.5B | -$1.6B |
| Interest Expense | $2.1M -4.7% | $2.2M -8.4% | $2.4M +8.3% | $2.2M +144.3% | $918.0K | $969.2M | $1.1B | $1.0B |
| Other Income / Expenses | -$2.0M -6.7% | -$1.8M +47.1% | -$3.5M -118.7% | -$1.6M -834.3% | $216.0K | -$1.6B | -$1.5B | $1.4B |
| Income Before Tax | $27.5M +48.9% | $18.5M +86.7% | $9.9M +3.5% | $9.6M +14.8% | $8.3M | -$15.6B | $3.3B | $4.9B |
| Pre-Tax Margin | 13.0% +1.4pp | 11.7% +5.1pp | 6.6% -0.1pp | 6.7% +0.7pp | 6.0% | 13.3% | 20.8% | 18.7% |
| Income Tax Expense | $6.8M +27.3% | $5.4M +262.0% | -$3.3M -191.9% | $3.6M +59.5% | $2.3M | $666.8M | $1.3B | -$1.6B |
| Net Income | $17.0M +89.6% | $9.0M -14.2% | $10.5M +76.1% | $5.9M -1.9% | $6.1M | $5.0B | $4.9B | $4.8B |
| Net Margin | 8.1% +2.4pp | 5.7% -1.3pp | 6.9% +2.8pp | 4.2% -0.2pp | 4.4% | 7.4% | 12.4% | 17.5% |
| EPS (Basic) | $2 +87.6% | $1 -13.7% | $1 +74.7% | $1 +0.0% | $1 | $1.2B | $400.8M | $703.2M |
| EPS (Diluted) | $2 +86.6% | $1 -13.8% | $1 +78.1% | $1 +1.4% | $1 | $620.6M | $766.2M | $609.4M |
| Weighted Avg Shares | $8.0M +1.1% | $8.0M -0.3% | $8.0M +0.0% | $8.0M -1.9% | $8.1M | $892.2M | $757.8M | $925.8M |
| Weighted Avg Shares (Diluted) | $8.1M +1.7% | $8.0M -0.7% | $8.1M -0.5% | $8.1M -3.6% | $8.4M | $319.6M | $1.2B | $924.4M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Pamt Corp.
NASDAQ:PAMT
$332.37M
Diana Shipping Inc.
NYSE:DSX
$295.26M
Tredegar Corporation
NYSE:TG
$285.82M
Franklin Covey Co.
NYSE:FC
$274.15M
Virgin Galactic Holdings, Inc.
NYSE:SPCE
$243.91M
SCHMID Group N.V. Class A Ordinary Shares
NASDAQ:SHMD
$231.68M
Gencor Industries, Inc.
AMEX:GENC
$219.13M
Perma-Fix Environmental Services, Inc.
NASDAQ:PESI
$204.12M
Novonix Limited
NASDAQ:NVX
$102.32M
Southland Holdings, Inc.
AMEX:SLND
$55.85M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does PPIH generate?
Perma-Pipe International Holdings, Inc. (PPIH) reported $210.93M of revenue in fiscal 2026.
Is PPIH profitable?
Perma-Pipe International Holdings, Inc. (PPIH) reported $17.04M of net income, with a net margin of 8.1%.
Explore More
Continue the stock analysis
Jump to another research area for this company.