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Side-by-side financial comparison of Perma-Pipe International Holdings, Inc. (PPIH) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
Porch Group, Inc. is the larger business by last-quarter revenue ($121.1M vs $61.1M, roughly 2.0× Perma-Pipe International Holdings, Inc.). Perma-Pipe International Holdings, Inc. runs the higher net margin — 10.3% vs -3.9%, a 14.2% gap on every dollar of revenue. On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs 47.1%). Over the past eight quarters, Porch Group, Inc.'s revenue compounded faster (26.4% CAGR vs 23.4%).
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.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
PPIH vs PRCH — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $61.1M | $121.1M |
| Net Profit | $6.3M | $-4.7M |
| Gross Margin | 34.4% | 52.7% |
| Operating Margin | 18.6% | 34.7% |
| Net Margin | 10.3% | -3.9% |
| Revenue YoY | 47.1% | 100.0% |
| Net Profit YoY | 153.5% | 2.0% |
| EPS (diluted) | $0.77 | $-0.04 |
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.
| Q1 26 | — | $121.1M | ||
| Q4 25 | $61.1M | $112.3M | ||
| Q3 25 | $47.9M | $115.1M | ||
| Q2 25 | $46.7M | $107.0M | ||
| Q1 25 | $45.0M | $84.5M | ||
| Q4 24 | $41.6M | $75.3M | ||
| Q3 24 | $37.5M | $77.7M | ||
| Q2 24 | $34.3M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $6.3M | $-3.5M | ||
| Q3 25 | $851.0K | $-10.9M | ||
| Q2 25 | $5.0M | $2.6M | ||
| Q1 25 | $1.8M | $8.4M | ||
| Q4 24 | $2.5M | $30.5M | ||
| Q3 24 | $3.3M | $14.4M | ||
| Q2 24 | $1.4M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | 34.4% | 99.5% | ||
| Q3 25 | 30.1% | 75.6% | ||
| Q2 25 | 35.8% | 70.9% | ||
| Q1 25 | 33.7% | 77.4% | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 35.9% | 79.4% | ||
| Q2 24 | 30.6% | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | 18.6% | 14.7% | ||
| Q3 25 | 6.7% | 14.2% | ||
| Q2 25 | 16.9% | 4.7% | ||
| Q1 25 | 12.1% | -1.5% | ||
| Q4 24 | 13.4% | 33.3% | ||
| Q3 24 | 16.4% | -3.2% | ||
| Q2 24 | 9.1% | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | 10.3% | -3.1% | ||
| Q3 25 | 1.8% | -9.4% | ||
| Q2 25 | 10.6% | 2.4% | ||
| Q1 25 | 3.9% | 9.9% | ||
| Q4 24 | 6.0% | 40.5% | ||
| Q3 24 | 8.8% | 18.5% | ||
| Q2 24 | 4.2% | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $0.77 | $0.00 | ||
| Q3 25 | $0.10 | $-0.10 | ||
| Q2 25 | $0.61 | $0.00 | ||
| Q1 25 | $0.23 | $0.07 | ||
| Q4 24 | $0.31 | $0.34 | ||
| Q3 24 | $0.40 | $0.12 | ||
| Q2 24 | $0.18 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $27.2M | $68.4M |
| Total DebtLower is stronger | $12.7M | $391.3M |
| Stockholders' EquityBook value | $85.8M | $26.3M |
| Total Assets | $217.0M | $806.6M |
| Debt / EquityLower = less leverage | 0.15× | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | $27.2M | $57.3M | ||
| Q3 25 | $17.3M | $85.0M | ||
| Q2 25 | $18.8M | $79.8M | ||
| Q1 25 | $15.7M | $70.4M | ||
| Q4 24 | $13.3M | $191.7M | ||
| Q3 24 | $9.5M | $238.6M | ||
| Q2 24 | $7.7M | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | $12.7M | $392.8M | ||
| Q3 25 | — | $387.1M | ||
| Q2 25 | — | $394.1M | ||
| Q1 25 | $15.2M | $409.2M | ||
| Q4 24 | — | $403.9M | ||
| Q3 24 | — | $399.0M | ||
| Q2 24 | — | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | $85.8M | $-24.6M | ||
| Q3 25 | $80.2M | $-27.9M | ||
| Q2 25 | $77.9M | $-29.3M | ||
| Q1 25 | $72.1M | $-52.4M | ||
| Q4 24 | $71.2M | $-43.2M | ||
| Q3 24 | $68.6M | $-77.0M | ||
| Q2 24 | $65.5M | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | $217.0M | $797.4M | ||
| Q3 25 | $189.0M | $787.7M | ||
| Q2 25 | $178.3M | $770.7M | ||
| Q1 25 | $165.2M | $802.3M | ||
| Q4 24 | $160.7M | $814.0M | ||
| Q3 24 | $157.8M | $867.3M | ||
| Q2 24 | $155.7M | $876.1M |
| Q1 26 | — | 14.87× | ||
| Q4 25 | 0.15× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $17.3M | — |
| Free Cash FlowOCF − Capex | $12.4M | — |
| FCF MarginFCF / Revenue | 20.2% | — |
| Capex IntensityCapex / Revenue | 8.1% | — |
| Cash ConversionOCF / Net Profit | 2.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $17.3M | $1.2M | ||
| Q3 25 | $-2.0M | $40.8M | ||
| Q2 25 | $733.0K | $35.6M | ||
| Q1 25 | $6.0M | $-11.2M | ||
| Q4 24 | $5.2M | $-26.6M | ||
| Q3 24 | $2.8M | $12.4M | ||
| Q2 24 | $-73.0K | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | $12.4M | $1.1M | ||
| Q3 25 | $-4.6M | $40.7M | ||
| Q2 25 | $-194.0K | $35.4M | ||
| Q1 25 | $4.7M | $-11.2M | ||
| Q4 24 | $4.8M | $-26.8M | ||
| Q3 24 | $2.2M | $12.2M | ||
| Q2 24 | $-662.0K | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 1.0% | ||
| Q3 25 | -9.6% | 35.4% | ||
| Q2 25 | -0.4% | 33.0% | ||
| Q1 25 | 10.5% | -13.3% | ||
| Q4 24 | 11.6% | -35.6% | ||
| Q3 24 | 5.8% | 15.7% | ||
| Q2 24 | -1.9% | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 0.1% | ||
| Q3 25 | 5.3% | 0.1% | ||
| Q2 25 | 2.0% | 0.2% | ||
| Q1 25 | 2.9% | 0.1% | ||
| Q4 24 | 0.8% | 0.3% | ||
| Q3 24 | 1.7% | 0.3% | ||
| Q2 24 | 1.7% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | — | ||
| Q3 25 | -2.40× | — | ||
| Q2 25 | 0.15× | 13.79× | ||
| Q1 25 | 3.42× | -1.33× | ||
| Q4 24 | 2.07× | -0.87× | ||
| Q3 24 | 0.86× | 0.86× | ||
| Q2 24 | -0.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
