Perma-Pipe International Holdings, Inc. (PPIH)

PPIH Income Statement

Financials in millions USD. Fiscal year is February - January.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2025	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Revenue	181.2	158.38	150.67	142.57	138.55	84.69
Revenue Growth (YoY)	14.90%	5.12%	5.68%	2.90%	63.59%	-33.66%
Cost of Revenue	120.79	105.14	109.21	104.27	106.02	73.52
Gross Profit	60.4	53.25	41.46	38.3	32.53	11.18
Selling, General & Admin	38.3	32.95	28.1	27.16	24.42	22.56
Operating Expenses	38.3	32.95	28.1	27.16	24.42	22.56
Operating Income	22.1	20.3	13.36	11.14	8.11	-11.38
Interest Expense	-2.02	-2.22	-2.43	-2.24	-0.92	-0.38
Interest & Investment Income	0.28	0.28	0.16	0.12	0.09	-
Other Non Operating Income (Expenses)	0.14	0.11	-1.2	0.53	1.04	1.38
EBT Excluding Unusual Items	20.51	18.47	9.89	9.56	8.33	-10.38
Other Unusual Items	-	-	-	-	-	2.6
Pretax Income	20.51	18.47	9.89	9.56	8.33	-7.78
Income Tax Expense	6.37	5.38	-3.32	3.61	2.27	-0.13
Earnings From Continuing Operations	14.13	13.09	13.21	5.95	6.06	-7.64
Net Income to Company	14.13	13.09	13.21	5.95	6.06	-7.64
Minority Interest in Earnings	-4.08	-4.11	-2.74	-	-	-
Net Income	10.05	8.98	10.47	5.95	6.06	-7.64
Net Income to Common	10.05	8.98	10.47	5.95	6.06	-7.64
Net Income Growth	-34.30%	-14.21%	76.13%	-1.93%	-	-
Shares Outstanding (Basic)	8	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8	8
Shares Change (YoY)	0.22%	-0.72%	-0.53%	-3.32%	3.31%	-3.49%
EPS (Basic)	1.26	1.13	1.31	0.75	0.75	-0.94
EPS (Diluted)	1.25	1.12	1.30	0.73	0.72	-0.94
EPS Growth	-34.06%	-13.85%	78.08%	1.39%	-	-
Free Cash Flow	4.76	11.05	3.63	-8.22	-4.84	-1.8
Free Cash Flow Per Share	0.59	1.38	0.45	-1.01	-0.58	-0.22
Gross Margin	33.34%	33.62%	27.52%	26.86%	23.48%	13.20%
Operating Margin	12.20%	12.82%	8.87%	7.82%	5.85%	-13.43%
Profit Margin	5.55%	5.67%	6.95%	4.17%	4.38%	-9.02%
Free Cash Flow Margin	2.63%	6.98%	2.41%	-5.76%	-3.49%	-2.12%
EBITDA	25.91	23.93	17.19	14.79	12.44	-6.64
EBITDA Margin	14.30%	15.11%	11.41%	10.37%	8.97%	-7.84%
D&A For EBITDA	3.81	3.63	3.83	3.65	4.32	4.74
EBIT	22.1	20.3	13.36	11.14	8.11	-11.38
EBIT Margin	12.20%	12.82%	8.87%	7.82%	5.85%	-13.43%
Effective Tax Rate	31.07%	29.12%	-	37.80%	27.20%	-

Updated Sep 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q