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Side-by-side financial comparison of AMBARELLA INC (AMBA) and Perma-Pipe International Holdings, Inc. (PPIH). Click either name above to swap in a different company.
AMBARELLA INC is the larger business by last-quarter revenue ($108.5M vs $61.1M, roughly 1.8× Perma-Pipe International Holdings, Inc.). Perma-Pipe International Holdings, Inc. runs the higher net margin — 10.3% vs -13.9%, a 24.3% gap on every dollar of revenue. On growth, Perma-Pipe International Holdings, Inc. posted the faster year-over-year revenue change (47.1% vs 31.2%). AMBARELLA INC produced more free cash flow last quarter ($31.4M vs $12.4M). Over the past eight quarters, AMBARELLA INC's revenue compounded faster (45.0% CAGR vs 23.4%).
Ambarella, Inc. is an American fabless semiconductor design company, focusing on low-power, high-definition (HD) and Ultra HD video compression, image processing, and computer vision processors. Ambarella's products are used in a wide variety of human and computer vision applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver and in-cabin monitoring, autonomous driving, and robotics applications. Ambarella's system on chips ...
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.
AMBA vs PPIH — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $108.5M | $61.1M |
| Net Profit | $-15.1M | $6.3M |
| Gross Margin | 59.6% | 34.4% |
| Operating Margin | -15.0% | 18.6% |
| Net Margin | -13.9% | 10.3% |
| Revenue YoY | 31.2% | 47.1% |
| Net Profit YoY | 37.2% | 153.5% |
| EPS (diluted) | $-0.35 | $0.77 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $108.5M | $61.1M | ||
| Q3 25 | $95.5M | $47.9M | ||
| Q2 25 | $85.9M | $46.7M | ||
| Q1 25 | $84.0M | $45.0M | ||
| Q4 24 | $82.7M | $41.6M | ||
| Q3 24 | $63.7M | $37.5M | ||
| Q2 24 | $54.5M | $34.3M | ||
| Q1 24 | $51.6M | $40.2M |
| Q4 25 | $-15.1M | $6.3M | ||
| Q3 25 | $-20.0M | $851.0K | ||
| Q2 25 | $-24.3M | $5.0M | ||
| Q1 25 | $-20.2M | $1.8M | ||
| Q4 24 | $-24.1M | $2.5M | ||
| Q3 24 | $-34.9M | $3.3M | ||
| Q2 24 | $-37.9M | $1.4M | ||
| Q1 24 | $-60.6M | $8.6M |
| Q4 25 | 59.6% | 34.4% | ||
| Q3 25 | 58.9% | 30.1% | ||
| Q2 25 | 60.0% | 35.8% | ||
| Q1 25 | 60.0% | 33.7% | ||
| Q4 24 | 60.6% | 33.9% | ||
| Q3 24 | 60.8% | 35.9% | ||
| Q2 24 | 60.9% | 30.6% | ||
| Q1 24 | 59.8% | 30.0% |
| Q4 25 | -15.0% | 18.6% | ||
| Q3 25 | -23.0% | 6.7% | ||
| Q2 25 | -30.1% | 16.9% | ||
| Q1 25 | -30.2% | 12.1% | ||
| Q4 24 | -30.9% | 13.4% | ||
| Q3 24 | -56.9% | 16.4% | ||
| Q2 24 | -72.4% | 9.1% | ||
| Q1 24 | -80.8% | 11.3% |
| Q4 25 | -13.9% | 10.3% | ||
| Q3 25 | -20.9% | 1.8% | ||
| Q2 25 | -28.3% | 10.6% | ||
| Q1 25 | -24.1% | 3.9% | ||
| Q4 24 | -29.1% | 6.0% | ||
| Q3 24 | -54.8% | 8.8% | ||
| Q2 24 | -69.6% | 4.2% | ||
| Q1 24 | -117.4% | 21.5% |
| Q4 25 | $-0.35 | $0.77 | ||
| Q3 25 | $-0.47 | $0.10 | ||
| Q2 25 | $-0.58 | $0.61 | ||
| Q1 25 | $-0.48 | $0.23 | ||
| Q4 24 | $-0.58 | $0.31 | ||
| Q3 24 | $-0.85 | $0.40 | ||
| Q2 24 | $-0.93 | $0.18 | ||
| Q1 24 | $-1.51 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.1M | $27.2M |
| Total DebtLower is stronger | — | $12.7M |
| Stockholders' EquityBook value | $590.1M | $85.8M |
| Total Assets | $751.9M | $217.0M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $27.2M | ||
| Q3 25 | $142.7M | $17.3M | ||
| Q2 25 | $141.3M | $18.8M | ||
| Q1 25 | $144.6M | $15.7M | ||
| Q4 24 | $127.1M | $13.3M | ||
| Q3 24 | $153.9M | $9.5M | ||
| Q2 24 | $131.8M | $7.7M | ||
| Q1 24 | $144.9M | $5.8M |
| Q4 25 | — | $12.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $15.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $15.2M |
| Q4 25 | $590.1M | $85.8M | ||
| Q3 25 | $576.5M | $80.2M | ||
| Q2 25 | $572.7M | $77.9M | ||
| Q1 25 | $561.4M | $72.1M | ||
| Q4 24 | $554.3M | $71.2M | ||
| Q3 24 | $547.6M | $68.6M | ||
| Q2 24 | $555.4M | $65.5M | ||
| Q1 24 | $559.9M | $65.7M |
| Q4 25 | $751.9M | $217.0M | ||
| Q3 25 | $706.4M | $189.0M | ||
| Q2 25 | $701.9M | $178.3M | ||
| Q1 25 | $689.0M | $165.2M | ||
| Q4 24 | $670.8M | $160.7M | ||
| Q3 24 | $650.3M | $157.8M | ||
| Q2 24 | $638.7M | $155.7M | ||
| Q1 24 | $657.7M | $155.7M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.23× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.3M | $17.3M |
| Free Cash FlowOCF − Capex | $31.4M | $12.4M |
| FCF MarginFCF / Revenue | 29.0% | 20.2% |
| Capex IntensityCapex / Revenue | 2.7% | 8.1% |
| Cash ConversionOCF / Net Profit | — | 2.74× |
| TTM Free Cash FlowTrailing 4 quarters | $64.3M | $12.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.3M | $17.3M | ||
| Q3 25 | $5.5M | $-2.0M | ||
| Q2 25 | $14.8M | $733.0K | ||
| Q1 25 | $25.4M | $6.0M | ||
| Q4 24 | $6.6M | $5.2M | ||
| Q3 24 | $16.7M | $2.8M | ||
| Q2 24 | $-15.0M | $-73.0K | ||
| Q1 24 | $-4.0M | $7.1M |
| Q4 25 | $31.4M | $12.4M | ||
| Q3 25 | $1.4M | $-4.6M | ||
| Q2 25 | $10.2M | $-194.0K | ||
| Q1 25 | $21.2M | $4.7M | ||
| Q4 24 | $4.1M | $4.8M | ||
| Q3 24 | $14.2M | $2.2M | ||
| Q2 24 | $-16.1M | $-662.0K | ||
| Q1 24 | $-6.0M | $4.2M |
| Q4 25 | 29.0% | 20.2% | ||
| Q3 25 | 1.4% | -9.6% | ||
| Q2 25 | 11.9% | -0.4% | ||
| Q1 25 | 25.3% | 10.5% | ||
| Q4 24 | 5.0% | 11.6% | ||
| Q3 24 | 22.2% | 5.8% | ||
| Q2 24 | -29.5% | -1.9% | ||
| Q1 24 | -11.6% | 10.5% |
| Q4 25 | 2.7% | 8.1% | ||
| Q3 25 | 4.3% | 5.3% | ||
| Q2 25 | 5.3% | 2.0% | ||
| Q1 25 | 5.0% | 2.9% | ||
| Q4 24 | 3.0% | 0.8% | ||
| Q3 24 | 4.0% | 1.7% | ||
| Q2 24 | 2.1% | 1.7% | ||
| Q1 24 | 3.7% | 7.2% |
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | -2.40× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 3.42× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | -0.05× | ||
| Q1 24 | — | 0.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMBA
| TW | $76.0M | 70% |
| Asia Pacific Other Than Taiwan | $20.2M | 19% |
| North America Other Than United States | $7.4M | 7% |
| Other | $5.0M | 5% |
PPIH
Segment breakdown not available.
