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Perma-Pipe International Holdings

PPIH

Perma-Pipe International Holdings, Inc. is a global leader in the engineering, design, and manufacture of specialty piping and leak detection systems.

Market cap
$204.28M+7.4%
Revenue$214.4M+25.5%
Net income$15.4M+39.7%
Free cash flow$3.8M-67.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Sep 9, 2026 (in 2 months)
Revenue estimate$51.2M
EPS estimate$0.48

Financials

Q1 2027

Income statement

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Revenue$50.3M+7.5%
Net income$2.6M-39.2%

Balance sheet

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Cash & equivalents$28.3M+50.2%
Total debt$48.6M+269%
Total equity$92.2M+18.5%
Total assets$221.6M+24.3%

Cash flow

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Operating cash flow$6.1M+734%
CapEx$1.3M+35.3%
Free cash flow$4.9M+2,603%

Valuation & ratios

Valuation

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Market cap$204.28M+7.4%
Enterprise value$224.54M+25.5%
P/E13.3×-3.5×
P/S-0.1×

Profitability

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Net margin7.2%+0.7pp
FCF margin1.8%-5.0pp

Returns & leverage

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Return on equity18.1%+2.7pp
Debt / equity0.5×+0.4×
Current ratio2.3×+0.4×

Segments

By product

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Specialty Piping Systems And Coating$32.8M+5.6%

Competitors

Profile

Perma-Pipe International Holdings, Inc. is a global leader in the engineering, design, and manufacture of specialty piping and leak detection systems. The company provides critical infrastructure solutions for district heating and cooling, hazardous fluid containment, and oil and gas transportation. Its value proposition centers on enhancing energy efficiency and environmental safety through advanced insulation and anti-corrosion coating technologies.

Competitive position

A specialized manufacturer with a more comprehensive product line than most competitors, leveraging global manufacturing facilities and custom engineering capabilities.

GeographiesUnited States, Canada, Middle East, India, Egypt, Saudi Arabia, United Arab Emirates, Qatar
Customer segmentsEnergy infrastructure, Chemical processing, Municipal utilities, Industrial manufacturing
Business modelProject-based manufacturing, Custom engineering and fabrication
SuppliersCarbon steel and steel alloy pipes, Copper and ductile iron tubing, Polyols and isocyanate chemicals, Urethane resin and polyethylene, Fiberglass, Specialized sensor cable manufacturers
CustomersGeneral construction contractors, Energy utility providers, Petrochemical companies, Potable water distributors
Listed1989
Employees640.0
CEOSaleh Sagr
IndustryConstruction
FilingsSEC EDGAR

Questions, answered.

What is Perma-Pipe International Holdings's market cap?
Perma-Pipe International Holdings (PPIH) has a market capitalization of $204.3M and trades on NASDAQ.
What is Perma-Pipe International Holdings's revenue and profitability?
Perma-Pipe International Holdings generated $214.4M in trailing twelve-month revenue with net income of $15.4M, representing a net margin of 7.2%. Gross margin stands at 32.9%, with free cash flow of $3.8M. These figures are based on the Q2 2026 filing.
Who are Perma-Pipe International Holdings's competitors?
Perma-Pipe International Holdings's key competitors include NWPX Infrastructure, Inc. Common Stock, Mueller Industries, Inc., Omega Flex, Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does Perma-Pipe International Holdings have?
Perma-Pipe International Holdings's subsidiaries include Perma-Pipe, Inc., Perma-Pipe Middle East FZC, Perma-Pipe Saudi Arabia, LLC, and others.
Where is Perma-Pipe International Holdings headquartered?
Perma-Pipe International Holdings is headquartered in United States of America and employs approximately 640 people. It has been publicly traded since 1989.