What is Perma-Pipe International Holdings's EBITDA?

Perma-Pipe International Holdings (PPIH) reported EBITDA of $9.39M in Q4 2025.

How has Perma-Pipe International Holdings's EBITDA changed year-over-year?

Perma-Pipe International Holdings's EBITDA increased by 56.1% year-over-year, from $6.02M to $9.39M.

What does EBITDA mean?

Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.

Perma-Pipe International Holdings PPIH EBITDA

Discontinued — last reported Q4 '26

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——

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——

Other financials

Income statement

See full

Revenue$50.3M+7.5%

Gross profit$17.4M+30.5%

Operating income$7.4M+45.1%

Net income$2.6M-39.2%

EPS (diluted)$0.52+86.6%

Balance sheet

See full

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

See full

Operating cash flow$6.1M+734%

CapEx$1.3M+35.3%

Free cash flow$4.9M+2,603%

Valuation

See full

Market cap$221.26M+8.6%

Enterprise value$241.53M+22.9%

P/E14.4×-4.1×

P/S1×-0.2×

Profitability

See full

Gross margin32.9%-0.7pp

Operating margin14%+1.1pp

Net margin7.2%+0.7pp

FCF margin1.8%-5.0pp

Returns & leverage

See full

Return on equity18.1%+2.7pp

Debt / equity0.5×+0.4×

Current ratio2.3×+0.4×

Where this comes from

Calculated from Perma-Pipe International Holdings’s reported figures.

$7.4Mebit+

$2.0MDepreciation Depletion & Amortization

=$9.39M

The official record: Perma-Pipe International Holdings’s 10-K, filed April 16, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Perma-Pipe International Holdings's EBITDA?: Perma-Pipe International Holdings (PPIH) reported EBITDA of $9.39M in Q4 2025.
How has Perma-Pipe International Holdings's EBITDA changed year-over-year?: Perma-Pipe International Holdings's EBITDA increased by 56.1% year-over-year, from $6.02M to $9.39M.
What does EBITDA mean?: Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.