Saturday 17 October 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. In the quarter to July 2026, revenue grew 24.4%, EPS grew 181.8%, free cash flow grew 216.1% and total debt rose 258.1%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

27.91 1.36 −4.65%

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Market cap: $239.9M
P/E: 14.5×
Fwd P/E: 15.0×
Dividend yield: —
F-score: 5/9
Altman Z: 3.12
Beneish M: −1.83
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

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

Fold the line items

Columns are period end dates

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