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	Oct 31, 2025	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Revenue	200.78	158.38	150.67	142.57	138.55	84.69
Revenue Growth (YoY)	30.74%	5.12%	5.68%	2.90%	63.59%	-33.66%
Cost of Revenue	133.46	105.14	109.21	104.27	106.02	73.52
Gross Profit	67.32	53.25	41.46	38.3	32.53	11.18
Selling, General & Admin	37.41	32.95	28.1	27.16	24.42	22.56
Operating Expenses	37.41	32.95	28.1	27.16	24.42	22.56
Operating Income	29.92	20.3	13.36	11.14	8.11	-11.38
Interest Expense	-2.05	-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)	0.19	0.11	-1.2	0.53	1.04	1.38
EBT Excluding Unusual Items	28.34	18.47	9.89	9.56	8.33	-10.38
Other Unusual Items	-2	-	-	-	-	2.6
Pretax Income	26.34	18.47	9.89	9.56	8.33	-7.78
Income Tax Expense	7.74	5.38	-3.32	3.61	2.27	-0.13
Earnings From Continuing Operations	18.6	13.09	13.21	5.95	6.06	-7.64
Net Income to Company	18.6	13.09	13.21	5.95	6.06	-7.64
Minority Interest in Earnings	-4.72	-4.11	-2.74	-	-	-
Net Income	13.88	8.98	10.47	5.95	6.06	-7.64
Net Income to Common	13.88	8.98	10.47	5.95	6.06	-7.64
Net Income Growth	-12.50%	-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)	1.65%	-0.72%	-0.53%	-3.32%	3.31%	-3.49%
EPS (Basic)	1.73	1.13	1.31	0.75	0.75	-0.94
EPS (Diluted)	1.71	1.12	1.30	0.73	0.72	-0.94
EPS Growth	-13.59%	-13.85%	78.08%	1.39%	-	-
Free Cash Flow	12.27	11.05	3.63	-8.22	-4.84	-1.8
Free Cash Flow Per Share	1.51	1.38	0.45	-1.01	-0.58	-0.22
Gross Margin	33.53%	33.62%	27.52%	26.86%	23.48%	13.20%
Operating Margin	14.90%	12.82%	8.87%	7.82%	5.85%	-13.43%
Profit Margin	6.91%	5.67%	6.95%	4.17%	4.38%	-9.02%
Free Cash Flow Margin	6.11%	6.98%	2.41%	-5.76%	-3.49%	-2.12%
EBITDA	33.74	23.93	17.19	14.79	12.44	-6.64
EBITDA Margin	16.80%	15.11%	11.41%	10.37%	8.97%	-7.84%
D&A For EBITDA	3.82	3.63	3.83	3.65	4.32	4.74
EBIT	29.92	20.3	13.36	11.14	8.11	-11.38
EBIT Margin	14.90%	12.82%	8.87%	7.82%	5.85%	-13.43%
Effective Tax Rate	29.40%	29.12%	-	37.80%	27.20%	-

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q