📊 PPIH Key Takeaways
Is Perma-Pipe International Holdings, Inc. (PPIH) a Good Investment?
Perma-Pipe demonstrates solid balance sheet strength with low leverage and adequate liquidity, but fundamental earnings quality is severely compromised by an apparent major acquisition that drove an anomalous 8264% revenue increase while net income declined 31% YoY. The low free cash flow margin (4.9%) and divergence between revenue and profit growth signal integration challenges and margin compression that require resolution before considering commitment.
Perma-Pipe International Holdings, Inc. Key Strengths (PPIH)
- Conservative capital structure with 0.15x debt-to-equity and 10.1x interest coverage provides financial flexibility
- Strong liquidity position with 1.76x current ratio and $27.2M cash provides operational cushion
- Operating margin of 14.4% and positive free cash flow generation demonstrate underlying operational capability
PPIH Stock Risks: Perma-Pipe International Holdings, Inc. Investment Risks
- Massive 8264% YoY revenue growth coupled with 31.4% net income decline indicates acquisition-driven revenue diluted by either unprofitable business or severe integration costs
- Free cash flow margin of only 4.9% on $155.8M revenue is concerning and suggests poor cash conversion efficiency post-acquisition
- Earnings quality deterioration evidenced by EPS decline of 13.8% YoY despite explosive top-line growth raises sustainability questions
Key Metrics to Watch
- Sequential revenue and net income trends to assess acquisition integration and organic profitability recovery
- Operating cash flow and free cash flow conversion rate to determine if low FCF margin is temporary or structural
- Gross margin progression and operating expense ratio to identify where acquisition-related margin compression occurred
Perma-Pipe International Holdings, Inc. (PPIH) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 4.9% FCF margin may limit capital allocation flexibility.
PPIH Profit Margin, ROE & Profitability Analysis
PPIH vs Industrial Sector: How Perma-Pipe International Holdings, Inc. Compares
How Perma-Pipe International Holdings, Inc. compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Perma-Pipe International Holdings, Inc. Stock Overvalued? PPIH Valuation Analysis 2026
Based on fundamental analysis, Perma-Pipe International Holdings, Inc. has mixed fundamental signals relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Perma-Pipe International Holdings, Inc. Balance Sheet: PPIH Debt, Cash & Liquidity
PPIH Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Perma-Pipe International Holdings, Inc.'s revenue has grown significantly by 52% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.12 reflects profitable operations.
PPIH Revenue Growth, EPS Growth & YoY Performance
PPIH Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2026 | $41.6M | $851.0K | $0.31 |
| Q3 2025 | $41.6M | $1.0M | $0.23 |
| Q2 2025 | $37.5M | $851.0K | $0.10 |
| Q1 2025 | $34.3M | $1.4M | $0.18 |
| Q2 2024 | $35.1M | -$100.0K | $-0.01 |
| Q1 2024 | $29.7M | -$1.1M | $-0.14 |
| Q3 2023 | $35.2M | $495.0K | $0.06 |
| Q2 2023 | $35.1M | -$100.0K | $-0.01 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Perma-Pipe International Holdings, Inc. Dividends, Buybacks & Capital Allocation
PPIH SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Perma-Pipe International Holdings, Inc. (CIK: 0000914122)
📋 Recent SEC Filings
❓ Frequently Asked Questions about PPIH
What is the AI rating for PPIH?
Perma-Pipe International Holdings, Inc. (PPIH) has an AI grade of B with 42% confidence, based on fundamental analysis of SEC EDGAR filings.
What are PPIH's key strengths?
Claude: Conservative capital structure with 0.15x debt-to-equity and 10.1x interest coverage provides financial flexibility. Strong liquidity position with 1.76x current ratio and $27.2M cash provides operational cushion.
What are the risks of investing in PPIH?
Claude: Massive 8264% YoY revenue growth coupled with 31.4% net income decline indicates acquisition-driven revenue diluted by either unprofitable business or severe integration costs. Free cash flow margin of only 4.9% on $155.8M revenue is concerning and suggests poor cash conversion efficiency post-acquisition.
What is PPIH's revenue and growth?
Perma-Pipe International Holdings, Inc. reported revenue of $155.8M.
Does PPIH pay dividends?
Perma-Pipe International Holdings, Inc. pays dividends, with $2.0M distributed to shareholders in the trailing twelve months.
Where can I find PPIH SEC filings?
Official SEC filings for Perma-Pipe International Holdings, Inc. (CIK: 0000914122) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is PPIH's EPS?
Perma-Pipe International Holdings, Inc. has a diluted EPS of $1.49.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is PPIH's fundamental grade?
Based on our AI fundamental analysis in May 2026, Perma-Pipe International Holdings, Inc. has a B grade with 42% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is PPIH stock overvalued or undervalued?
Valuation metrics for PPIH: ROE of 14.1% (sector avg: 15%), net margin of 7.8% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is PPIH's AI grade for 2026?
Our dual AI analysis gives Perma-Pipe International Holdings, Inc. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is PPIH's free cash flow?
Perma-Pipe International Holdings, Inc.'s operating cash flow is $16.0M, with capital expenditures of $8.4M. FCF margin is 4.9%.
How does PPIH compare to other Industrial stocks?
Vs Industrial sector averages: Net margin 7.8% (avg: 10%), ROE 14.1% (avg: 15%), current ratio 1.76 (avg: 1.8).