What is Perma-Pipe International Holdings's gross profit?

Perma-Pipe International Holdings (PPIH) reported gross profit of $17.37M in Q4 2025.

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

Perma-Pipe International Holdings's gross profit increased by 30.5% year-over-year, from $13.31M to $17.37M.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Perma-Pipe International Holdings PPIH Gross Profit

Discontinued — last reported Q4 '26

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Other financials

Income statement

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Revenue$50.3M+7.5%

Operating income$7.4M+45.1%

Net income$2.6M-39.2%

EPS (diluted)$0.52+86.6%

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

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Market cap$221.26M+8.6%

Enterprise value$241.53M+22.9%

P/E14.4×-4.1×

P/S1×-0.2×

Profitability

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Gross margin32.9%-0.7pp

Operating margin14%+1.1pp

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×

Where this comes from

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

$55.1Mtotal revenue−$35.4Mtotal cost of revenue=$17.37M

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 gross profit?: Perma-Pipe International Holdings (PPIH) reported gross profit of $17.37M in Q4 2025.
How has Perma-Pipe International Holdings's gross profit changed year-over-year?: Perma-Pipe International Holdings's gross profit increased by 30.5% year-over-year, from $13.31M to $17.37M.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.