NASDAQ:PPIH
Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc.'s revenue grew 33.2% in fiscal 2025 to $210.9M while operating margin rose to 14.0%, its highest in 10 years. Free cash flow was −$1.3M, −0.6% of revenue, and the diluted share count rose 1.7%.Summary generated from Perma-Pipe International Holdings, Inc.'s SEC filings. Latest annual report filed Apr 16, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$210.9M
Revenue growth+33.2%
Revenue, 5-yr CAGR+20.0%
Gross margin32.9%
Operating margin14.0%
Net margin8.1%
ROIC28.2%
Return on equity20.9%
Debt / equity0.05
Free cash flow−$1.3M
FCF margin−0.6%
Share count change+1.7%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 139 | 143 | 151 | 158 | 211 |
| Operating income | 8 | 11 | 13 | 20 | 29 |
| Net income | 6 | 6 | 10 | 9 | 17 |
| Free cash flow | −5 | −8 | 4 | 11 | −1 |
Recent filings
- 10-QQuarterly report for the period ended Jul 31, 2026
Sep 9, 2026 - 8-KResults of operations and financial condition
Sep 9, 2026 - 8-KEntry into a material agreement
Aug 27, 2026 - 4Insider transaction report
Jul 29, 2026 - 8-KResults of a shareholder vote
Jun 29, 2026 - 4Insider transaction report
Jun 29, 2026 - 10-QQuarterly report for the period ended Apr 30, 2026
Jun 9, 2026 - 8-KResults of operations and financial condition
Jun 9, 2026