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Perma-Pipe International Holdings PPIH Return on invested capital

Return on invested capital at other companies

OFL
Omega FlexOFLX
29.9%-10.0pp
Northwest Pipe logo
Northwest PipeNWPX
9.3%+1.3pp
Mueller Industries logo
Mueller IndustriesMLI
42%+1.5pp
Worthington Enterprises logo
Worthington EnterprisesWOR
1.4%+0.8pp
Core & Main logo
Core & MainCNM
12.9%+0.1pp
Ampco-Pittsburgh logo
Ampco-PittsburghAP
-31.6%-37.9pp

Other financials

Income statement

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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

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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/S-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.

Based on trailing twelve months.

The official record: Perma-Pipe International Holdings’s 10-Q, filed June 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Perma-Pipe International Holdings's return on invested capital?
Perma-Pipe International Holdings (PPIH) reported return on invested capital of 22.1% in Q4 2025.
How has Perma-Pipe International Holdings's return on invested capital changed year-over-year?
Perma-Pipe International Holdings's return on invested capital increased by 36.2% year-over-year, from 16.3% to 22.1%.
What is the long-term trend for Perma-Pipe International Holdings's return on invested capital?
Over 2 years (2021 to 2026), Perma-Pipe International Holdings's return on invested capital has grown at a 17.9% compound annual growth rate (CAGR), from -15.9% to 22.1%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.