Industrial & Commercial Fans & Blowers & Air Purifing Equip · SIC 3564
Perma-Pipe International Holdings, Inc.
PPIH
Latest revenue
$61.1M
as of 2025-10-31
Latest net income
$6.3M
as of 2025-10-31
Net margin
10.3%
as of 2025-10-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $253.8M
- Enterprise value
- $253.8M
- P/E (trailing)
- 14.9×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $36.72
- 52-wk low
- $12.81
- Beta
- —
- Shares out
- 8.1M
5-year trend
What this company does
ITEM 1. BUSINESS Perma-Pipe International Holdings, Inc., collectively with its subsidiaries ("PPIH", the "Company", "we", "our" or the "Registrant"), is engaged in the manufacture and sale of products in one reportable segment: Piping Systems. The Company was incorporated in Delaware on October 12, 1993. The Company's common stock is traded on the Nasdaq Global Market and reported under the ticker symbol "PPIH". The Company's fiscal year ends on January 31. Years, results and balances described as 2026, 2025 and 2024 are for the fiscal year ending January 31, 2027 and the fiscal years ended January 31, 2026 and 2025, respectively. PRODUCTS AND SERVICES The Company engineers, designs,…
AI summary unavailable — showing raw filing excerpt
Generated from PPIH's filing dated 2026-04-16
Key risks
ITEM 1A. RISK FACTORS The Company's business, financial condition, results of operations and cash flows are subject to various risks, including, but not limited to, those set forth below, which could cause actual results to vary materially from recent results or from anticipated future results. These risk factors should be considered together with information included elsewhere in this Annual Report on Form 10-K. Market Condition Risks The Company's operations and earnings may be significantly affected by changes in oil and gas prices. Oil and gas prices depend on local, regional, and global events or conditions that affect supply and demand. Any material decline in oil or gas prices could…
AI summary unavailable — showing raw filing excerpt
Generated from PPIH's filing dated 2026-04-16
Profitability
Gross margin
32.9%
2.0%Operating margin
14.0%
8.9%Net margin
8.1%
42.4%Return on equity
18.8%
50.9%Return on assets
7.8%
44.1%Leverage
Debt / equity
1.40×
8.4%Long-term debt / equity
0.05×
9.6%Debt / assets
58.3%
3.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-01-31 | $55.1M | +22.5% | $4.9M | +179.4% | 8.9% |
Q4 2025 2025-10-31 | $61.1M | +47.1% | $6.3M | +153.5% | 10.3% |
Q3 2025 2025-07-31 | $47.9M | +27.7% | $851.0K | -74.1% | 1.8% |
Q2 2025 2025-04-30 | $46.7M | +36.2% | $5.0M | +243.2% | 10.6% |
Q1 2025 2025-01-31 | $45.0M | — | $1.8M | — | 3.9% |
Q4 2024 2024-10-31 | $41.6M | -9.0% | $2.5M | +35.8% | 6.0% |
Q3 2024 2024-07-31 | $37.5M | +6.7% | $3.3M | +3389.0% | 8.8% |
Q2 2024 2024-04-30 | $34.3M | — | $1.4M | — | 4.2% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Industrial & Commercial Fans & Blowers & Air Purifing Equip · SIC 3564
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Insider activity
Insider buying
$0
Insider selling
$0
Net activity
+$0
Distinct insiders
0
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value |
|---|
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns PPIH
Institutional value
$51.0M
Total shares held
1.9M
Distinct holders
41
-31 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | DIMENSIONAL FUND ADVISORS LP | 388.2K | $11.6M | -35.2K (-8.3%) | Trimmed |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 323.7K | $9.6M | — | New |
| 3 | CALDWELL SUTTER CAPITAL, INC. | 234.2K | $7.0M | -1.0K (-0.4%) | Trimmed |
| 4 | ROYCE & ASSOCIATES LP | 130.9K | $3.9M | -18.3K (-12.3%) | Trimmed |
| 5 | JANE STREET GROUP, LLC | 60.3K | $1.8M | -23.8K (-28.3%) | Trimmed |
| 6 | VANGUARD FIDUCIARY TRUST CO | 47.9K | $1.4M | — | New |
| 7 | Invesco Ltd. | 46.4K | $1.4M | -49.6K (-51.6%) | Trimmed |
| 8 | JPMORGAN CHASE & CO | 48.7K | $1.4M | +17.0K (+53.4%) | Added |
| 9 | Russell Investments Group, Ltd. | 44.9K | $1.3M | +637 (+1.4%) | Added |
| 10 | Truffle Hound Capital, LLC | 41.0K | $1.2M | +0 (+0.0%) | No change |
| 11 | BNP PARIBAS FINANCIAL MARKETS | 40.7K | $1.2M | +26.1K (+179.0%) | Added |
| 12 | BlackRock, Inc. | 40.5K | $1.2M | +927 (+2.3%) | Added |
| 13 | UBS Group AG | 40.0K | $1.2M | +26.6K (+199.0%) | Added |
| 14 | SEI INVESTMENTS CO | 24.9K | $741.4K | +12.4K (+100.0%) | Added |
| 15 | O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 22.6K | $673.9K | -4.6K (-16.8%) | Trimmed |
| 16 | EAM Investors, LLC | 20.4K | $608.8K | +0 (+0.0%) | No change |
| 17 | RITHOLTZ WEALTH MANAGEMENT | 19.6K | $582.9K | +647 (+3.4%) | Added |
| 18 | Connor, Clark & Lunn Investment Management Ltd. | 18.7K | $557.9K | +9.0K (+92.8%) | Added |
| 19 | Hudson Bay Capital Management LP | 12.7K | $379.0K | +750 (+6.3%) | Added |
| 20 | THOMPSON DAVIS & CO., INC. | 12.3K | $366.8K | +250 (+2.1%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once PPIH's latest filing finishes processing.