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Perma-Pipe International Holdings PPIH Q3 2026 earnings

Reported December 12, 2025 · Before market open

Revenue$61.1MBeat by $6.1MDiluted EPS$0.77
Revenue estimate$55.0M

Next report

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

Financials

Q3 2026

Income statement

See full
Revenue$61.1M+47.1%
Gross profit$17.4M+30.5%
Operating income$7.4M+45.1%
Net income$4.3M+89.6%
EPS (diluted)$0.52+86.6%

Balance sheet

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Cash & equivalents$27.2M+105%
Total debt$56.1M+228%
Total equity$85.8M+20.4%
Total assets$217.0M+35.0%

Cash flow

See full
Operating cash flow$17.3M+235%
CapEx$4.9M+1,430%
Free cash flow$12.4M+155%

Valuation & ratios

Valuation

as of 10/31/25
See full
Market cap$224.37M+117%
Enterprise value$253.22M+136%
P/E14.9×+8.7×
P/S1.1×+0.4×

Profitability

See full
Gross margin32.6%—
Operating margin13.5%—
Net margin7.5%-3.3pp
FCF margin6.1%-0.8pp

Returns & leverage

See full
Return on equity19.1%-6.7pp
Debt / equity0.7×+0.4×
Current ratio1.8×-0.2×

Segments

By geography

See full
US$14.9M+13.5%
CA$12.0M+46.8%
AE$11.8M+98.2%
SA$11.3M+20.5%
Other Geographical Area$2.6M-9.0%

By product

See full
Specialty Piping Systems And Coating$41.6M+62.1%

Versus estimates

Revenue

Q1 2027$50.3MMiss by $3.7MQ4 2026$55.1MBeat by $129.0K
Q3 2026$61.1MBeat by $6.1M
Q2 2026$47.9MQ1 2026$46.7MQ4 2025$45.0M

Diluted EPS

Q1 2027$0.22Miss by $0.26Q4 2026$0.60Beat by $0.16
Q3 2026$0.77
Q2 2026$0.10Q1 2026$0.61Q4 2025$0.27

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Questions, answered.

When did Perma-Pipe International Holdings report Q3 2026 earnings?
Perma-Pipe International Holdings (PPIH) reported Q3 2026 earnings on December 12, 2025 before market open.
What were Perma-Pipe International Holdings's Q3 2026 revenue and EPS?
Perma-Pipe International Holdings reported revenue of $61.1M and diluted EPS of $0.77 for Q3 2026.
Did Perma-Pipe International Holdings beat estimates in Q3 2026?
Revenue beat the consensus estimate of $55.0M by $6.1M.
How did Perma-Pipe International Holdings's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 47.1% from $41.6M a year earlier and diluted EPS grew 148.4% from $0.31.
Where can I find Perma-Pipe International Holdings's Q3 2026 SEC filings?
You can read the 8-K earnings release (0001437749-25-037632) and the 10-Q periodic report (0001437749-25-037631) directly on SEC EDGAR. The filing index links above go to sec.gov.