Perma-Pipe International Holdings (PPIH) Financial Statements & Analysis

Perma-Pipe International Holdings (PPIH) Income Statement

Perma-Pipe International Holdings reported revenue of $210.93M in fiscal 2026 (fiscal year ended Jan 31, 2026), up 33.2% from $158.38M a year earlier. Net income was $17.04M, up 89.6% year over year, a net margin of 8.1%. Gross margin was 32.9% and operating margin 14.0%. In the most recent quarter, Q2 fiscal 2027 (ended Jul 31, 2026), revenue was $59.57M, up 24.4% from the same quarter a year earlier.

Perma-Pipe International Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Perma-Pipe International Holdings, Inc. income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jan 2026	Jan 2025	Apr 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2017
Revenue & Gross Profit
Revenue	210.93	158.38	158.38	150.67	142.57	138.55	84.69	127.66	105.25	98.85
Cost of Revenue	141.44	105.14	105.14	109.21	104.27	106.02	73.52	98.62	93.51	87.13
Gross Profit	69.49	53.25	53.25	41.46	38.30	32.53	11.18	29.05	11.74	11.72
Operating Expenses
Research & Development	0.00	-	0.10	0.00	0.00	0.00	0.00	0.00	0.30	0.20
Selling, General & Administrative	40.04	32.95	32.95	28.10	27.16	24.42	22.56	24.17	21.25	23.30
Operating Expenses	40.04	32.95	32.95	28.10	27.16	24.42	22.56	24.17	21.25	22.50
Operating Income	29.45	20.30	20.30	13.36	11.14	8.11	-11.38	4.88	-9.51	-11.58
Other Income/Expense
Interest Income	0.30	0.28	0.28	0.16	0.12	0.09	0.27	0.20	0.11	0.18
Interest Expense	2.12	2.22	2.22	2.43	2.24	-0.38	0.65	1.11	0.81	0.75
Other Income/Expense	-1.96	0.11	-1.83	-3.47	-1.59	0.22	3.60	0.15	-0.70	-2.19
Income
Income Before Tax	27.49	18.47	18.47	9.89	9.56	8.33	-7.78	5.04	-10.21	-13.77
Income Tax Expense	6.84	5.38	5.38	-3.32	3.61	2.27	-0.13	1.46	-0.23	-0.61
Net Income	17.04	8.98	8.98	10.47	5.95	6.06	-7.64	3.58	-9.98	-12.47
Net Income - Continuous Operations	17.04	13.09	8.98	10.47	5.95	6.06	-7.64	3.58	-9.98	-12.47
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	34.52	24.32	24.04	16.15	15.45	12.44	-2.17	10.58	-4.37	-7.51
EBIT	29.61	20.69	-	12.32	11.14	8.11	-11.38	-	-	-
Depreciation & Amortization	4.91	3.63	3.63	3.83	3.65	4.74	4.95	4.44	5.03	5.52
Earnings Per Share
Basic EPS	2.00	1.00	1.00	1.00	1.00	1.00	-1.00	-	-1.00	-2.00
Diluted EPS	2.00	1.00	1.00	1.00	1.00	1.00	-1.00	-	-1.00	-2.00
Basic Shares Outstanding	8.05	7.96	7.96	7.98	7.98	8.11	8.13	7.99	7.67	7.48
Diluted Shares Outstanding	8.15	8.02	8.02	8.07	8.12	8.40	8.13	8.28	7.68	7.49

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Perma-Pipe International Holdings Financial Statements

What was Perma-Pipe International Holdings's revenue in fiscal 2026?

Perma-Pipe International Holdings reported revenue of $210.93M in fiscal 2026 (fiscal year ended Jan 31, 2026). That was up 33.2% from $158.38M a year earlier.

Is Perma-Pipe International Holdings profitable?

Yes. Perma-Pipe International Holdings earned net income of $17.04M in fiscal 2026, a net margin of 8.1%. In fiscal 2025 it earned $8.98M.

What is Perma-Pipe International Holdings's operating margin?

Perma-Pipe International Holdings's operating income was $29.45M on revenue of $210.93M in fiscal 2026, an operating margin of 14.0%, compared with 12.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition