Friday 6 November 2026 Export PPIH’s income statement to Excel — free account

Perma-Pipe International Holdings, Inc.

PPIH Industrials Building Products & Equipment

Perma-Pipe International Holdings, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $210.9 million, up 33.2% from fiscal 2025.

Revenue: +24.4%
EPS: +181.8%
Free cash flow: +216.1%
Total debt: +258.1%

Quarter to July 2026, against a year earlier

Revenue growth 5 yrs

28.71 1.50 +5.51%

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Market cap: $223.0M
P/E: 14.2×
Fwd P/E: 19.3×
Dividend yield: —
F-score: 5/9
Altman Z: 3.12
Beneish M: −1.83
Dividend safety: n/a

Overview

	Jan '20	Jan '21	Jan '21	Jan '22	Jan '22	Jan '23	Jan '23	Jan '24	Jan '25	Jan '26
Piotroski F-Score Full definition →	7	—	3	—	7	—	4	6	7	5
P/E ratio Full definition →	20.07	0.00	0.00	123.29	11.80	13.07	13.72	6.08	13.56	14.03
P/S ratio Full definition →	0.57	0.52	0.59	0.58	0.52	0.51	0.57	0.43	0.76	1.13
Altman Z-Score Full definition →	2.37	0.83	1.20	2.53	2.33	2.87	2.63	2.10	2.71	3.12
Altman Z″-Score (non-manufacturers) Full definition →	3.14	0.84	1.60	3.77	3.34	4.42	3.82	3.33	4.21	4.24
P/FCF ratio Full definition →	32.97	43.63	0.00	0.00	0.00	0.00	0.00	17.66	10.91	0.00
P/Operating CF Full definition →	55.84	(77.37)	(27.66)	13.50	(28.24)	12.23	20.98	9.00	20.07	(35.18)
Beneish M-Score Full definition →	(2.27)	(2.64)	(2.44)	(1.98)	(1.75)	(2.47)	(2.36)	(2.18)	(2.58)	(1.83)
P/B ratio Full definition →	1.30	0.98	1.01	1.34	1.32	1.36	1.40	0.97	1.68	2.64
Price to Tangible BV Full definition →	1.35	1.03	1.06	1.40	1.38	1.41	1.46	1.01	1.72	2.71
EV/Sales Full definition →	0.51	0.53	0.61	0.57	0.53	0.52	0.59	0.43	0.74	1.18
EV/EBITDA Full definition →	7.05	0.00	0.00	10.47	5.94	5.03	5.73	3.79	4.87	7.26
EV/Operating CF Full definition →	16.05	15.45	313.50	(37.32)	(28.68)	(9.96)	(68.32)	4.42	8.38	27.22
EV/FCF Full definition →	30.01	43.78	(28.80)	(16.82)	(15.29)	(6.85)	(10.44)	17.95	10.53	(199.01)
Quick Ratio Full definition →	1.34	1.33	1.20	1.54	1.48	1.45	1.38	1.22	1.47	1.47
Current Ratio Full definition →	1.96	1.91	1.91	2.04	2.04	1.96	1.96	1.71	2.01	1.84
Net Debt/EBITDA Full definition →	(0.70)	(2.96)	(0.28)	1.97	0.16	1.51	0.26	0.06	(0.18)	0.05
Debt/Assets Full definition →	7.28%	26.89%	9.94%	27.99%	9.57%	23.89%	8.63%	5.33%	7.82%	11.04%
Debt/Equity Full definition →	0.15	0.56	0.21	0.63	0.22	0.51	0.18	0.13	0.18	0.26
Asset Turnover Full definition →	1.19	0.00	0.79	0.00	1.23	0.00	1.16	1.08	0.99	1.10
Operating CF/Net income Full definition →	1.14	(0.02)	(0.02)	(0.42)	(0.42)	(0.21)	(0.21)	1.41	1.55	0.54
Capex/Depreciation Full definition →	(0.43)	0.00	(0.41)	0.00	(0.52)	0.00	(1.89)	(2.90)	(0.78)	(2.12)
Interest Coverage Full definition →	5.39	(85.51)	(29.86)	178.44	9.80	178.44	5.26	5.90	10.46	16.16
ROE Full definition →	6.66%	0.00%	(14.56%)	0.00%	11.68%	0.00%	10.59%	16.96%	13.03%	20.93%
ROA Full definition →	3.34%	0.00%	(7.11%)	0.00%	5.36%	0.00%	4.83%	7.51%	5.60%	8.90%
ROIC Full definition →	6.21%	0.00%	(13.90%)	0.00%	8.97%	0.00%	11.31%	12.50%	18.68%	19.93%
Return on Tangible Assets Full definition →	5.96%	(11.60%)	(14.55%)	7.98%	9.36%	8.15%	8.69%	13.31%	9.97%	15.34%
Average Days of Receivables Full definition →	84.06	125.98	109.78	130.18	124.09	145.34	137.34	153.21	143.07	164.11
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	18.93%	26.37%	26.63%	17.39%	17.62%	18.61%	19.05%	18.65%	20.80%	18.98%
Intangible Assets out of Total Assets Full definition →	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01
Share Based Compensation of Revenue Full definition →	0.79%	0.00%	1.23%	0.00%	0.79%	0.00%	0.70%	0.61%	0.54%	1.20%
Graham Net Nets Full definition →	0.11	0.08	0.01	0.08	0.13	0.25	0.25	0.14	0.13	0.08
Graham Number Full definition →	8.40	0.00	0.00	10.64	10.64	10.98	10.98	15.64	15.12	23.18
Earnings Yield Full definition →	4.98%	(7.15%)	(15.31%)	0.81%	8.47%	7.65%	7.29%	16.44%	7.37%	7.13%
Free Cash Flow Yield Full definition →	3.03%	2.29%	(3.60%)	(5.81%)	(6.73%)	(14.95%)	(10.03%)	5.66%	9.17%	(0.52%)
Revenue per Share Full definition →	15.98	10.42	10.42	17.04	17.08	17.87	17.87	18.89	19.91	26.21
Operating CF per Share Full definition →	0.51	0.02	0.02	(0.32)	(0.32)	(0.16)	(0.16)	1.85	1.75	1.14
Capex per Share Full definition →	(0.24)	0.00	(0.24)	0.00	(0.28)	0.00	(0.86)	(1.39)	(0.36)	(1.30)
Free Cash Flow per Share Full definition →	0.27	0.02	(0.22)	(0.32)	(0.60)	(0.16)	(1.02)	0.45	1.39	(0.16)
Cash per Share Full definition →	1.83	1.03	1.03	1.20	1.20	0.85	0.85	0.91	2.15	2.77
Shareholders Equity per Share Full definition →	6.96	6.07	6.07	6.70	6.71	7.24	7.24	8.24	9.07	11.26
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	6.96	6.07	6.07	6.70	6.71	7.24	7.24	8.24	9.07	11.26
Free Cash Flow Full definition →	2.19	0.17	(1.80)	(2.57)	(4.83)	(1.24)	(8.12)	3.63	11.08	(1.25)
Working Capital Full definition →	31.42	25.62	25.62	39.99	39.99	41.87	41.87	41.08	54.74	66.95
Capital Expenditures Full definition →	(1.90)	(1.96)	(1.96)	(2.26)	(2.25)	(6.97)	(6.88)	(11.10)	(2.85)	(10.42)
Net Current Asset Value Full definition →	7.66	0.50	0.50	9.45	9.45	20.48	20.48	8.82	15.70	19.89
EV/EBIT Full definition →	13.45	0.00	0.00	31.65	9.10	6.74	7.61	4.87	5.75	8.47
Capex to Sales Full definition →	0.01	0.00	0.02	0.00	0.02	0.00	0.05	0.07	0.02	0.05
Price to Operating Income Full definition →	14.78	0.00	0.00	32.39	8.85	6.58	7.26	4.79	5.95	8.13
Other line items
Depreciation/Fixed assets Full definition →	0.16	0.12	0.18	0.12	0.17	0.12	0.14	0.10	0.10	0.11
Cash ROIC Full definition →	2.79%	0.19%	(2.65%)	(2.61%)	(6.35%)	(1.32%)	(10.80%)	4.47%	10.84%	(0.92%)
Accounts Receivable Turnover Full definition →	4.12	0.00	3.09	0.00	3.82	0.00	2.83	2.58	2.53	2.69
Accounts Payable Turnover Full definition →	9.14	0.00	7.37	0.00	8.84	0.00	7.35	5.45	4.29	5.86
Inventory Turnover Full definition →	7.36	0.00	5.52	0.00	8.18	0.00	7.32	7.21	6.54	8.14
Average Days of Payables Full definition →	35.45	51.46	51.46	46.88	46.88	51.65	51.65	84.63	82.25	63.33
Days of Inventory on Hand Full definition →	53.66	60.36	60.36	47.37	47.37	51.59	51.59	51.94	57.71	46.75
Average Receivables Full definition →	30.96	29.32	27.44	37.44	36.29	51.94	50.37	58.44	62.66	78.46
Average Payables Full definition →	10.79	9.97	9.97	11.99	11.99	14.19	14.19	20.04	24.51	24.12
Average Inventory Full definition →	13.39	13.33	13.33	12.96	12.96	14.25	14.25	15.14	16.08	17.37
Average Assets Full definition →	107.22	107.46	107.46	113.05	113.05	123.18	123.18	139.34	160.48	191.36
Average Common Equity Full definition →	53.67	52.47	52.47	51.89	51.89	56.12	56.12	61.75	68.93	81.39

Show all line items

Columns are period end dates

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