Perma-Pipe International Holdings, Inc. (PPIH)
Nasdaq · Industrial & Commercial Fans & Blowers & Air Purifing Equip · Manufacturing · CIK 914122 · fiscal year ends in Jan
Closing price $29.24 on 30 Oct 2026; 52-week range $23.02 to $35.29.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $226.1M
- Revenue growth
- 24.8%
- Net income, last twelve months
- $15.6M
- Earnings per share
- $1.90
- Gross margin
- 31.1%
- Operating margin
- 12.1%
- Net margin
- 6.9%
- Free cash flow
- $13.6M
- Return on equity
- 16.7%
- Market value
- $239.6M
- Price to earnings
- 15.4x
- Cash
- $31.8M
- Debt
- $36.1M
- Debt to equity
- 0.39
- Shares outstanding
- 8.2M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2026 | 31 Jan 2026 | $210.9M | $29.4M | $17.0M | $2.09 | -$1.3M | 10-K filed 16 Apr 2026 |
| FY2025 | 31 Jan 2025 | $158.4M | $20.3M | $9.0M | $1.12 | $11.1M | 10-K filed 1 May 2025 |
| FY2024 | 31 Jan 2024 | $150.7M | $13.4M | $10.5M | $1.30 | $3.6M | 10-K filed 26 Apr 2024 |
| FY2023 | 31 Jan 2023 | $142.6M | $11.1M | $5.9M | $0.73 | -$8.2M | 10-K filed 27 Apr 2023 |
| FY2022 | 31 Jan 2022 | $138.6M | $8.1M | $6.1M | $0.72 | -$4.8M | 10-K filed 19 Apr 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2027 | 31 Jul 2026 | $59.6M | $2.5M | $0.31 |
| Q1 FY2027 | 30 Apr 2026 | $50.3M | $1.8M | $0.22 |
| Q4 FY2026 | 31 Jan 2026 | $55.1M | $4.9M | $0.60 |
| Q3 FY2026 | 31 Oct 2025 | $61.1M | $6.3M | $0.77 |
| Q2 FY2026 | 31 Jul 2025 | $47.9M | $851.0K | $0.10 |
| Q1 FY2026 | 30 Apr 2025 | $46.7M | $5.0M | $0.61 |
| Q4 FY2025 | 31 Jan 2025 | $45.0M | $1.8M | $0.23 |
| Q3 FY2025 | 31 Oct 2024 | $41.6M | $2.5M | $0.31 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By region, FY2026
| Segment | Revenue | Share |
|---|---|---|
| United States | $59.6M | 28.3% |
| Canada | $48.1M | 22.8% |
| AE | $47.3M | 22.4% |
| SA | $45.4M | 21.5% |
| Other Geographical Area | $10.5M | 5.0% |
Company events
The newest 8-K filings of 132 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 9 Sep 2026 | 8-K | Results | 2.02, 9.01 |
| 27 Aug 2026 | 8-K | Material agreement, Agreement ended, New debt | 1.01, 1.02, 2.03, 9.01 |
| 29 Jun 2026 | 8-K | Shareholder vote | 5.07 |
| 9 Jun 2026 | 8-K | Results | 2.02, 9.01 |
| 16 Apr 2026 | 8-K | Results | 2.02, 9.01 |
| 14 Apr 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 7 Apr 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 19 Mar 2026 | 8-K | Investor update | 7.01, 9.01 |
| 20 Jan 2026 | 8-K | Leadership change | 5.02 |
| 12 Dec 2025 | 8-K | Results | 2.02, 9.01 |
| 5 Dec 2025 | 8-K | Leadership change | 5.02 |
| 15 Sep 2025 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 403 held.
| Filed | Form | Period |
|---|---|---|
| 9 Sep 2026 | 10-Q | 31 Jul 2026 |
| 9 Sep 2026 | 8-K | 9 Sep 2026 |
| 27 Aug 2026 | 8-K | 25 Aug 2026 |
| 29 Jun 2026 | 8-K | 24 Jun 2026 |
| 26 Jun 2026 | EFFECT | – |
| 22 Jun 2026 | CORRESP | – |
| 15 Jun 2026 | UPLOAD | – |
| 9 Jun 2026 | S-3 | – |
| 9 Jun 2026 | 10-Q | 30 Apr 2026 |
| 9 Jun 2026 | 8-K | 9 Jun 2026 |
| 13 May 2026 | DEF 14A | 24 Jun 2026 |
| 16 Apr 2026 | 8-K | 10 Apr 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 30 Oct 2026 | RAYMOND JAMES & ASSOCIATES | 13G amended | 7% | 605.8K |
| 29 Jul 2026 | BlackRock, Inc. | 13G | 5.2% | 424.3K |
| 9 Apr 2026 | Dimensional Fund Advisors LP | 13G amended | 4.8% | 388.2K |
| 7 Jan 2026 | RAYMOND JAMES & ASSOCIATES | 13G amended | 6.8% | 553.2K |
| 31 Oct 2025 | RAYMOND JAMES & ASSOCIATES | 13G amended | 7.6% | 611.8K |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 412.6K | -3.8% | 7.04 |
| 30 Sep 2026 | 428.9K | -5.08% | 5.92 |
| 15 Sep 2026 | 451.8K | -9.51% | 3.89 |
| 31 Aug 2026 | 499.3K | +35.55% | 5.62 |
| 14 Aug 2026 | 368.4K | +11.66% | 5.98 |
| 31 Jul 2026 | 329.9K | -0.08% | 4.82 |
| 15 Jul 2026 | 330.2K | +9.26% | 4.09 |
| 30 Jun 2026 | 302.2K | +142.01% | 1.44 |
Funds that hold it
From each fund's latest Form 13F.
111 funds held it at 30 Jun 2026: 54 added and 17 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Raymond James Financial Inc. | 561,342 | $15.3M | +52,848 |
| BlackRock, Inc. | 424,428 | $11.6M | +383,941 |
| Dimensional Fund Advisors LP | 384,491 | $10.5M | -3,702 |
| Vanguard Capital Management LLC | 343,022 | $9.3M | +19,332 |
| Caldwell Sutter Capital, Inc. | 231,638 | $6.3M | -2,600 |
| Geode Capital Management, LLC | 201,234 | $5.5M | +107,885 |
| Wedbush Securities Inc. | 196,905 | $5.4M | +550 |
| Royce & Associates LP | 196,758 | $5.4M | +65,817 |
| Morgan Stanley | 172,338 | $4.7M | +19,250 |
| Renaissance Technologies LLC | 154,393 | $4.2M | -54,700 |
Peers
Companies in the same industry.
- Donaldson Co. Inc. (DCI): revenue $3.9B, market value $9.6B