Perma-Pipe International Holdings, Inc. (PPIH)

PPIH Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 31, 2026	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Revenue	210.93	158.38	150.67	142.57	138.55
Revenue Growth (YoY)	33.17%	5.12%	5.68%	2.90%	63.59%
Cost of Revenue	141.44	105.14	109.21	104.27	106.02
Gross Profit	69.49	53.25	41.46	38.3	32.53
Selling, General & Admin	40.04	32.95	28.1	27.16	24.42
Total Operating Expenses	40.04	32.95	28.1	27.16	24.42
Operating Income	29.45	20.3	13.36	11.14	8.11
Interest Expense	-1.82	-1.94	-2.27	-2.12	-0.83
Other Non-Operating Income (Expense)	-0.13	0.11	-1.2	0.53	1.04
Total Non-Operating Income (Expense)	-1.96	-1.83	-3.47	-1.59	0.22
Pretax Income	27.49	18.47	9.89	9.56	8.33
Provision for Income Taxes	6.84	5.38	-3.32	3.61	2.27
Net Income	17.04	8.98	10.47	5.95	6.06
Minority Interest in Earnings	3.61	4.11	2.74	-	-
Net Income to Common	17.04	8.98	10.47	5.95	6.06
Net Income Growth	89.64%	-14.21%	76.13%	-1.93%	-
Shares Outstanding (Basic)	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8
Shares Change (YoY)	1.66%	-0.72%	-0.53%	-3.32%	3.31%
EPS (Basic)	2.12	1.13	1.31	0.75	0.75
EPS (Diluted)	2.09	1.12	1.30	0.73	0.72
EPS Growth	86.61%	-13.85%	78.08%	1.39%	-
Shares Outstanding	8.12	7.98	7.9	8.01	8.15
Free Cash Flow	-1.27	11.05	3.63	-8.22	-4.84
Free Cash Flow Growth	-	204.91%	-	-	-
Free Cash Flow Per Share	-0.16	1.38	0.45	-1.01	-0.58
Gross Margin	32.94%	33.62%	27.52%	26.86%	23.48%
Operating Margin	13.96%	12.82%	8.87%	7.82%	5.85%
Profit Margin	9.79%	8.27%	8.77%	4.17%	4.38%
FCF Margin	-0.60%	6.98%	2.41%	-5.76%	-3.49%
EBITDA	34.36	23.93	17.19	14.79	12.44
EBITDA Margin	16.29%	15.11%	11.41%	10.37%	8.97%
EBIT	29.45	20.3	13.36	11.14	8.11
EBIT Margin	13.96%	12.82%	8.87%	7.82%	5.85%
Effective Tax Rate	24.89%	29.12%	-33.57%	37.80%	27.20%

Updated Apr 16, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q