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Perma-Pipe International Holdings, Inc. PPIH

Industrials · Building Products & Equipment · United States
https://www.permapipe.com
Company Profile ↓
$29.11
+7.02% 1Y
Mkt Cap$238.56M
P/E15.32
P/B2.68
52W High$35.29
52W Low$22.43
Book Value$11.41
EPS (TTM)$1.90

Company Overview

Perma-Pipe International Holdings, Inc., together with its subsidiaries, designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the United Arab Emirates, Saudi Arabia, and internationally. The company offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to other locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products. It also provides coating and insulation of oil and gas gathering and transmission pipelines; liquid and powder based anti-corrosion coatings for external and internal surfaces of steel pipe, including shapes comprising bends, reducers, tees, and other spools/fittings used in pipelines for the transportation of oil and gas products and potable water. In addition, the company offers cables, leak detection products, heat trace products, and material/goods not bundled with piping or flowline systems. Further, it provides containment systems, custom fabrications, and leak detection, as well as technical support, field service, and logistics services. 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 founded in 1909 and is headquartered in The Woodlands, Texas.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 19.1%, reflecting efficient use of shareholder capital.

Healthy Capital Returns

Return on capital employed stands at 21.4%.

Reasonable Valuation

Trades at a P/E of 15.3, below the sector median of 26.0.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Jan 2026 Revenue of $210.93M (+33.2% YoY); net profit $17.04M.
  • Trailing 12 Months Year-on-year growth — revenue +24.4%, earnings +210.0%.
  • 5-Year Trend Long-term compounding — revenue CAGR -0.2%, profit CAGR 9.5%.

Growth & Price Performance

Compounded Sales Growth

5 Years:-0.24%
1 Year:24.40%

Compounded Profit Growth

5 Years:9.49%
1 Year:210.00%

Stock Price Performance

1 Year:+7.02%
6 Months:-1.32%
3 Months:-6.91%
1 Month:+10.06%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Mixed
52-Week Range 52% of range
$22.43 $35.29
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMABelow
  • RSI (14)67.26 · Neutral
Price Performance
1M+10.06%
3M-6.91%
6M-1.32%
1Y+7.02%
Valuation vs Sector

P/E of 15.32 is below the sector median of 26.00 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Healthy ROCE of 21.4%.
  • Generates positive free cash flow.

CONS

  • Revenue declined at -0.2% CAGR over 5 years.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
15.32
Industry PE
26.00
Forward P/E est.
7.66
PEG Ratio
2.82
Book Value
$11.41
Price to Book
2.68
P/S
1.11
EV/EBITDA
8.54
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
-0.24%
Profit 5Y
9.49%
Revenue (YoY)
24.40%
Earnings (YoY)
210.00%

Profitability & Returns

ROCE
21.39%
ROE
19.06%
ROA
8.08%
Profit Margin
6.89%
Op Margin
7.14%
Gross Margin
31.13%
EPS (Latest Qtr)
$0.22
EPS (TTM)
$1.90

Balance Sheet & Liquidity

Debt/Equity
0.48
Quick Ratio
1.78
Current Ratio
2.19
Debt
$53.04M
Total Assets
$221.60M
Current Assets
$146.37M
Working Capital
$66.94M

Ownership

Promoter Holding
6.17%
Chg in Prom Hold
-0.05%
FII / Inst Holding
53.39%
Chg in FII Hold
-0.02%

Financial Snapshot

Enterprise Value
$238.56M
Total Revenue (TTM)
$226.11M
EBITDA
$33.51M
Free Cash Flow
$14.42M
Operating Cash Flow
$23.82M
Shares Outstanding
8.20M
Gross Margin
31.13%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 PPIH Perma-Pipe International Holdings, Inc. 29.11 15.32 $238.56M 0.00% 21.39% 19.06% -0.24% 9.49%
2 SPCX Space Exploration Technologies Corp. R3KAIDEFENCE 153.47 -139.52 $1.16T 0.00% -3.22% -11.95% 34.08% -3.34%
3 CAT Caterpillar Inc. SPXR3K 822.48 35.47 $378.07B 0.79% 17.98% 56.97% 2.29% 5.24%
4 GE GE Aerospace SPXR3KDEFENCE 334.91 39.40 $347.49B 0.60% 9.52% 48.23% -7.42% -5.36%
5 RTX RTX Corporation SPXR3KDEFENCE 198.81 35.06 $267.95B 1.51% 8.28% 12.27% 2.61% 2.62%
6 GEV GE Vernova Inc. SPXR3KAI 971.31 27.86 $258.69B 0.22% 6.30% 82.58% 8.68% -
7 DE Deere & Company SPXR3K 680.73 37.88 $183.54B 0.95% 12.53% 18.24% 3.43% 5.10%
8 UNP Union Pacific Corporation SPXR3K 288.45 23.38 $171.36B 2.01% 15.22% 39.70% 2.30% 7.77%
9 BA The Boeing Company SPXR3KDEFENCE 210.73 75.80 $166.43B 0.00% -9.01% - 1.67% -3.28%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Jul 2013Oct 2013Apr 2014Jul 2014Oct 2014Apr 2015Jul 2015Oct 2015Apr 2016Jul 2016Oct 2016Apr 2017Jul 2017Oct 2017Apr 2018Jul 2018Oct 2018Apr 2019Jul 2019Oct 2019Apr 2020Jul 2020Oct 2020Apr 2021Jul 2021Oct 2021Apr 2022Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026
Revenue -----------23.50M26.85M-28.89M32.33M-------------------46.75M47.90M61.15M55.13M50.27M
Cost of Revenue -----------------------------------30.02M33.48M40.14M37.79M35.63M
Gross Profit 13.43M16.89M15.99M10.54M6.72M2.35M3.13M14.31M1.99M2.98M3.70M1.78M3.06M3.32M4.22M5.89M6.88M4.72M9.65M7.64M3.47M2.36M2.94M4.50M10.74M7.63M7.05M9.89M11.13M6.77M9.46M13.18M10.52M13.47M14.09M16.72M14.42M21.00M17.34M14.64M
Operating Expenses -----------------------------------8.84M11.24M9.60M10.37M10.00M
Operating Income 4.77M6.79M5.71M1.79M-1.24M-3.57M-2.53M7.52M-4.50M-2.19M-1.18M-3.82M-2.10M-2.29M-899.00K648.00K1.08M-980.00K3.42M1.65M-2.48M-3.46M-2.76M-941.00K4.09M1.69M160.00K3.33M4.54M75.00K2.69M6.04M3.13M6.14M5.59M7.89M3.19M11.40M6.97M4.64M
EBITDA -----------------------------------8.78M4.12M12.38M9.24M6.11M
Interest Expense -----------------------------------406.00K415.00K497.00K802.00K605.00K
Pretax Income -----------------------------------7.44M2.75M10.90M6.40M3.92M
Tax Provision -----------------------------------1.58M1.49M2.99M786.00K1.33M
Net Income 4.40M7.39M3.83M1.36M-372.00K-4.66M-2.39M6.11M-6.29M99.00K-3.90M-3.49M-1.70M-3.29M-1.12M-275.00K-132.00K-1.50M3.72M-145.00K-2.52M267.00K-2.85M-843.00K3.42M495.00K-885.00K1.87M1.73M-1.12M1.02M1.94M1.44M3.29M2.49M4.95M851.00K6.32M4.92M1.80M
Diluted EPS 0.621.030.520.18-0.05-0.64-0.330.83---0.50-----0.04-0.02-0.190.45-0.02-0.310.03-0.35-0.100.410.06-0.110.230.21-0.140.130.240.180.400.310.610.100.770.600.22

Profit & Loss (Annual)

Figures in USD.

Metric Jan 2011Jan 2012Jan 2013Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 2026
Revenue 218.60M233.50M168.81M226.84M126.92M122.70M98.84M105.25M128.97M127.66M84.69M138.55M142.57M150.67M158.38M210.93M
Cost of Revenue ------------104.27M109.21M105.14M141.44M
Gross Profit 44.46M36.32M27.49M52.22M30.77M26.74M11.72M11.74M23.32M29.05M11.18M32.53M38.30M41.46M53.25M69.49M
Operating Expenses ------------27.16M28.10M32.95M40.04M
Operating Income 2.90M-5.06M-8.82M13.08M5.85M2.88M-11.58M-9.51M2.72M4.88M-11.38M8.11M11.14M13.36M20.30M29.45M
EBITDA ------------15.45M16.15M24.32M34.52M
Interest Expense ------------2.24M2.43M2.22M2.12M
Pretax Income ------------9.56M9.89M18.47M27.49M
Tax Provision ------------3.61M-3.32M5.38M6.84M
Net Income 4.38M-4.96M-18.48M21.03M-181.00K-4.41M-12.47M-9.98M-550.00K3.58M-7.64M6.06M5.95M10.47M8.98M17.04M
Diluted EPS ---2.672.96-0.04----0.070.42-0.940.720.731.301.122.09
R&D Expense --2.20M700.00K1.20M1.10M200.00K300.00K200.00K300.00K300.00K400.00K600.00K500.00K100.00K-

Balance Sheet (Annual)

Figures in USD.

Metric Jan 2010Jan 2011Jan 2012Jan 2013Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Mar 2024Jan 2025Jan 2026
Total Assets -163.28M157.28M149.49M163.27M148.07M138.10M101.61M104.58M102.20M112.22M102.69M-122.97M155.71M-165.24M217.49M
Current Assets -------------85.66M98.82M-108.80M146.73M
Cash & Equivalents 8.07M16.72M4.21M7.03M13.39M9.90M16.63M7.60M7.08M10.16M13.37M7.17M-5.77M5.84M-15.72M18.72M
Inventory -------------14.74M15.54M-16.62M18.11M
Receivables -------------42.01M46.65M-43.15M66.02M
Total Liabilities -------------65.18M83.73M-82.14M111.19M
Current Liabilities -40.25M39.49M49.21M53.48M65.43M64.08M28.00M39.18M37.09M32.84M28.25M-43.79M57.74M-54.06M79.79M
Long Term Debt -36.19M34.68M35.58M23.47M2.35M1.47M7.26M7.73M6.75M6.72M6.27M-4.39M4.23M16.02M3.67M4.17M
Total Debt -------------29.38M32.79M-33.26M46.86M
Total Equity 72.36M78.26M72.36M54.26M75.84M72.80M69.03M59.41M51.17M51.70M55.63M49.31M-57.78M65.71M-72.14M90.64M
Shares Outstanding -------------8.01M8.02M-7.98M8.12M

Cash Flows (Annual)

Figures in USD.

Metric Jan 2011Jan 2012Jan 2013Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 2026
Operating Cash Flow 8.71M-190.00K5.35M6.40M3.50M-2.90M-5.46M-1.84M4.98M4.09M165.00K--1.24M14.73M13.93M9.17M
Investing Cash Flow -3.93M-10.07M-6.25M12.43M-5.75M13.87M10.22M-2.39M-1.36M-1.90M-1.96M--6.38M-11.10M-2.85M-10.42M
Financing Cash Flow 3.37M-1.87M3.80M-11.74M-546.00K-3.02M-14.95M3.46M1.13M-301.00K-4.14M-4.54M-3.26M-907.00K6.59M
Capital Expenditure --10.09M-5.36M-2.76M-5.88M-6.46M-2.26M-2.53M-1.36M-1.90M-1.96M--6.97M-11.11M-2.88M-10.44M
Free Cash Flow --10.28M-13.00K3.64M-2.38M-9.35M-7.71M-4.37M3.62M2.19M-1.80M--8.22M3.62M11.05M-1.27M
Net Change in Cash -------------3.08M377.00K10.17M5.33M
Share Buybacks ------290.00K----01.99M69.00K942.00K0-

Ratios (Annual)

Figures in %.

Metric Jan 2011Jan 2012Jan 2013Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 2026
Gross Margin % 20.3%15.6%16.3%23.0%24.2%21.8%11.9%11.2%18.1%22.8%13.2%23.5%26.9%27.5%33.6%32.9%
Operating Margin % 1.3%-2.2%-5.2%5.8%4.6%2.3%-11.7%-9.0%2.1%3.8%-13.4%5.9%7.8%8.9%12.8%14.0%
Net Margin % 2.0%-2.1%-11.0%9.3%-0.1%-3.6%-12.6%-9.5%-0.4%2.8%-9.0%4.4%4.2%6.9%5.7%8.1%
ROE % 5.6%-6.9%-34.1%27.7%-0.2%-6.4%-21.0%-19.5%-1.1%6.4%-15.5%-10.3%15.9%12.5%18.8%
ROCE % 2.4%-4.3%-8.8%11.9%7.1%3.9%-15.7%-14.5%4.2%6.1%-15.3%-14.1%13.6%18.3%21.4%

Shareholding Pattern

Insiders
6.17%
Institutions
53.39%
Public Float
56.90%

Top Institutional Holders

#Holder% HeldSharesValue
1 Raymond James Financial, Inc. 6.85% 561.34K $17.15M
2 Blackrock Inc. 5.18% 424.43K $12.97M
3 Dimensional Fund Advisors LP 4.69% 384.49K $11.75M
4 Vanguard Capital Management LLC 4.19% 343.02K $10.48M
5 Caldwell Sutter Capital, Inc. 2.83% 231.64K $7.08M
6 Geode Capital Management, LLC 2.46% 201.23K $6.15M
7 Wedbush Securities Inc 2.40% 196.91K $6.02M
8 Royce & Associates LP 2.40% 196.76K $6.01M
9 Morgan Stanley 2.10% 172.34K $5.26M
10 Renaissance Technologies, LLC 1.88% 154.39K $4.72M

Analyst View

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Latest News

Recent headlines for PPIH

Google News Mon, 15 Jun 2026

PPIH Stock Falls 19% as Q1 Earnings Down Y/Y on High Operating Costs - finance.yahoo.com

<a href="https://news.google.com/rss/articles/CBMikAFBVV95cUxQM3kwbjRqM2ZGOHRhM3V5Z2diVFA1MlQxRFMwaDZkUXJBbVhmZkE3bndTdl9zWTBkYldtdjdoMnhaWHlwLUlwOFdFNWZIaE9lTDA2OC1WWjNGa1Y5VlM1ZzNubUwwUDU5Yy1lY3FIU1FjczhrMGhNSDBsenA1eExicVJRUXhoUzBOdWl1dV…

Google News Wed, 26 Aug 2026

Perma-Pipe will release its second-quarter results before markets open Sept. 9 - Stock Titan

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Google News ue, 26 May 2026

PPIH - Finviz

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Google News hu, 25 Jun 2026

PPIH Forecast — Price Target — Prediction for 2027 - tradingview.com

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Google News Fri, 28 Aug 2026

Perma-Pipe International Boosts Liquidity With Global Credit Facility - The Globe and Mail

<a href="https://news.google.com/rss/articles/CBMi6gFBVV95cUxOQUE5U2xKZkN1QVdGNE1rTWJWZGdqaXBVSXJ5bmx6Q3JZWnM0T2JHMmxTVTBvaVpXc3hnTEtoMVpody04QmpwSmE4VEx1RVFReEZJa3BwMVJSbjdQY250LTVYZEdqeUVieHJTb3BtR01zMTJsdVVJU2MxSFlOTVY3UU9iRnY0Q2dNcUFqLV…

Google News Wed, 02 Sep 2026

How (PPIH) Movements Inform Risk Allocation Models - Stock Traders Daily

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PPIH — Frequently Asked Questions

What is the current share price of Perma-Pipe International Holdings, Inc. (PPIH)?

As of 2026-09-19 21:16 PDT, Perma-Pipe International Holdings, Inc. (PPIH) trades at $29.11 on NasdaqGM. Its 52-week range is $22.43 to $35.29.

What is the market capitalisation of PPIH?

Perma-Pipe International Holdings, Inc. (PPIH) has a market capitalisation of $238.56M on NasdaqGM.

What is the P/E ratio of PPIH?

PPIH trades at a trailing price-to-earnings (P/E) ratio of 15.32. The industry average P/E is 26.00. Its price-to-book (P/B) ratio is 2.68.

What is the return on equity (ROE) of PPIH?

PPIH has a return on equity (ROE) of 19.06%. Its return on capital employed (ROCE) is 21.39%.

Is PPIH a good stock to buy?

This page provides a data-driven analysis of Perma-Pipe International Holdings, Inc. (PPIH), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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