PPIHNasdaqIndustrial & Commercial Fans & Blowers & Air Purifing EquipFiscal year ends January 31

Perma-Pipe International Holdings, Inc.

Financials through Q2 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 9, 2026

$28.15+0.24 (+0.86%)

Close on Oct 19, 2026

Market cap: $232.52M
P/E (TTM): 14.8
Dividend yield: –

Perma-Pipe International Holdings, Inc. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2026-01-31	FY 2024 2025-01-31	FY 2023 2024-01-31	FY 2022 2023-01-31	FY 2021 2022-01-31	FY 2020 2021-01-31	FY 2019 2020-01-31	FY 2018 2019-01-31	FY 2017 2018-01-31	FY 2016 2017-01-31	FY 2015 2016-01-31	FY 2014 2015-01-31	FY 2013 2014-01-31	FY 2012 2013-01-31	FY 2011 2012-01-31	FY 2010 2011-01-31
Revenue	211	158	151	143	139	85	128	129	105	99	123	127	227	169	233	219
Cost of Revenue	141	105	109	104	106	74	99	106	94	87	96	96	175	141	197	174
Gross Profit	69	53	41	38	33	11	29	23	12	12	27	31	52	27	36	44
Research & Development	–	0.10	0.50	0.60	0.40	0.30	0.30	0.20	0.30	0.20	1.10	1.20	0.70	2.20	–	–
General & Administrative	35	28	23	22	20	17	19	15	16	18	19	19	28	26	26	28
Operating Expenses	40	33	28	27	24	23	24	21	21	23	24	25	39	36	41	42
Operating Income	29	20	13	11	8.11	-11	4.88	2.72	-9.51	-12	2.88	5.85	13	-8.82	-5.06	2.90
Interest Expense	2.12	2.22	2.43	2.24	0.92	0.65	1.11	1.29	0.81	0.75	0.95	1.05	1.86	2.01	2.17	1.99
Interest & Investment Income	0.30	0.28	0.16	0.12	0.09	0.27	0.20	0.16	0.11	0.18	0.48	0.53	0.54	-0.51	-0.73	–
Income from Equity Investments	–	–	–	–	–	–	–	–	–	0	0.60	1.96	0.53	1.39	1.56	0.98
Other Non-Operating Income	-0.13	0.11	-1.20	0.53	1.04	3.98	1.06	–	–	–	–	–	–	–	–	–
Asset Impairment Charges	0	0	–	0	0	0	0	0	0	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	0.02	-0.29	0.01	-0.04	-0.04	-0.06	-0.32	-0.05	-0.22	0.29	-0.10	0.02	-0.33	-0.06	-0.12	-0.07
Legal Settlements	–	–	-0.80	–	–	–	–	–	–	–	–	–	–	–	–	–
Pretax Income	27	18	9.89	9.56	8.33	-7.78	5.04	1.60	-10	-14	3.01	7.29	12	-8.93	-4.94	2.62
Income Tax Expense	6.84	5.38	-3.32	3.61	2.27	-0.13	1.46	2.15	-0.23	-0.61	1.38	3.05	-0.49	12	0.02	-1.76
Income from Continuing Operations	–	–	–	–	–	–	–	–	-9.98	-13	1.64	4.24	13	-21	-5.06	–
Net Income incl. Noncontrolling Interests	21	13	13	5.95	–	–	–	–	–	–	–	–	–	–	–	–
Minority Interest in Earnings	3.61	4.11	2.74	0	–	–	–	–	–	–	–	–	–	–	–	–
Net Income	17	8.98	10	5.95	6.06	-7.64	3.58	-0.55	-9.98	-12	-4.41	-0.18	21	-18	-4.96	4.38
EPS (Basic)(per share)	2.12	1.13	1.31	0.75	0.75	-0.94	0.45	-0.07	-1.30	-1.67	-0.61	-0.02	2.99	-2.67	-0.72	0.64
EPS (Diluted)(per share)	2.09	1.12	1.30	0.73	0.72	-0.94	0.42	-0.07	-1.30	-1.67	-0.61	-0.02	2.96	-2.67	-0.72	–
Shares Outstanding (Basic, Weighted)(shares)	8.05	7.96	7.98	7.98	8.11	8.13	7.99	7.81	7.68	7.49	7.28	7.25	7.03	6.92	6.88	0.01
Shares Outstanding (Diluted, Weighted)(shares)	8.15	8.02	8.07	8.12	8.40	8.13	8.42	7.81	7.68	7.49	7.37	7.32	7.10	6.92	6.88	0.01
EBITDA	34	24	17	15	12	-6.64	9.32	7.30	-4.48	-6.06	8.81	12	19	-3.01	0.52	8.97
Net Interest Income	-1.82	-1.94	-2.27	-2.12	-0.83	-0.38	-0.91	-1.12	-0.70	-0.57	-0.47	-0.52	-1.31	-1.50	-1.44	-1.26

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jul 31, 2026

Profitability, TTM

Gross margin: 31.1%
Operating margin: 12.1%
Net margin: 6.9%
Return on equity, FY2025: 20.9%

Financial strength

Current ratio: 2.19
Debt to equity: 0.39
Debt to assets: 15.5%
Cash to current liabilities: 45.3%

Valuation

P/E ratio: 14.8
Price to sales: 1.03
Price to book: 2.49
Dividend yield: –