Perma-Pipe International Holdings, Inc.PPIHEarnings & Financial Report
Perma-Pipe International Holdings, Inc. designs, manufactures and supplies pre-insulated piping systems and integrated leak detection solutions. Its offerings cater to oil & gas, district heating and cooling, industrial, and municipal infrastructure segments, with a global footprint spanning North America, the Middle East, Europe and Asia.
PPIH Q3 FY2026 Key Financial Metrics
Revenue
$61.1M
Gross Profit
$21.0M
Operating Profit
$11.4M
Net Profit
$6.3M
Gross Margin
34.4%
Operating Margin
18.6%
Net Margin
10.3%
YoY Growth
47.1%
EPS
$0.77
Perma-Pipe International Holdings, Inc. Q3 FY2026 Financial Summary
Perma-Pipe International Holdings, Inc. reported revenue of $61.1M (up 47.1% YoY) for Q3 FY2026, with a net profit of $6.3M (up 153.5% YoY) (10.3% margin). Cost of goods sold was $40.1M, operating expenses totaled $9.6M.
Key Financial Metrics
| Total Revenue | $61.1M |
|---|---|
| Net Profit | $6.3M |
| Gross Margin | 34.4% |
| Operating Margin | 18.6% |
| Report Period | Q3 FY2026 |
Perma-Pipe International Holdings, Inc. Annual Revenue by Year
Perma-Pipe International Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $158.4M).
Perma-Pipe International Holdings, Inc. Quarterly Revenue & Net Profit History
Perma-Pipe International Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $61.1M | +47.1% | $6.3M | 10.3% |
| Q2 FY2026 | $47.9M | +27.7% | $851.0K | 1.8% |
| Q1 FY2026 | $46.7M | +36.2% | $5.0M | 10.6% |
| Q4 FY2025 | $45.0M | +12.0% | $1.8M | 3.9% |
| Q3 FY2025 | $41.6M | -9.0% | $2.5M | 6.0% |
| Q2 FY2025 | $37.5M | +6.7% | $3.3M | 8.8% |
| Q1 FY2025 | $34.3M | +15.7% | $1.4M | 4.2% |
| Q4 FY2024 | $40.2M | +10.3% | $8.6M | 21.5% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $40.2M | $34.3M | $37.5M | $41.6M | $45.0M | $46.7M | $47.9M | $61.1M |
| YoY Growth | 10.3% | 15.7% | 6.7% | -9.0% | 12.0% | 36.2% | 27.7% | 47.1% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $155.7M | $155.7M | $157.8M | $160.7M | $165.2M | $178.3M | $189.0M | $217.0M |
| Liabilities | $90.0M | $90.2M | $89.2M | $89.5M | $93.1M | N/A | N/A | N/A |
| Equity | $65.7M | $65.5M | $68.6M | $71.2M | $72.1M | $77.9M | $80.2M | $85.8M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $7.1M | $-73000 | $2.8M | $5.2M | $6.0M | $733000 | $-2.0M | $17.3M |