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

Perma-Pipe International Holdings's operating income increased by 45.1% year-over-year, from $5.08M to $7.36M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Perma-Pipe International Holdings PPIH Operating Income

Discontinued — last reported Q4 '26

Operating Income at other companies

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$12.66M+127%

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$312.23M+51.4%

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$2.56M-33.5%

Other financials

Income statement

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Revenue$50.3M+7.5%

Gross profit$17.4M+30.5%

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

Reported directly by Perma-Pipe International Holdings in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?: Perma-Pipe International Holdings (PPIH) reported operating income of $7.36M in Q4 2025.
How has Perma-Pipe International Holdings's operating income changed year-over-year?: Perma-Pipe International Holdings's operating income increased by 45.1% year-over-year, from $5.08M to $7.36M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.