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Side-by-side financial comparison of Perma-Pipe International Holdings, Inc. (PPIH) and PROCEPT BioRobotics Corp (PRCT). Click either name above to swap in a different company.
PROCEPT BioRobotics Corp is the larger business by last-quarter revenue ($83.1M vs $61.1M, roughly 1.4× Perma-Pipe International Holdings, Inc.). Perma-Pipe International Holdings, Inc. runs the higher net margin — 10.3% vs -38.1%, a 48.4% gap on every dollar of revenue. On growth, Perma-Pipe International Holdings, Inc. posted the faster year-over-year revenue change (47.1% vs 20.2%). Over the past eight quarters, PROCEPT BioRobotics Corp's revenue compounded faster (24.8% 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.
PROCEPT BioRobotics Corp is a medical tech firm developing and commercializing robotic surgical solutions for urological care. Its flagship AquaBeam system provides image-guided minimally invasive therapy for benign prostatic hyperplasia, serving providers and patients across North America, Europe and global markets.
PPIH vs PRCT — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $61.1M | $83.1M |
| Net Profit | $6.3M | $-31.6M |
| Gross Margin | 34.4% | 64.9% |
| Operating Margin | 18.6% | -4.1% |
| Net Margin | 10.3% | -38.1% |
| Revenue YoY | 47.1% | 20.2% |
| Net Profit YoY | 153.5% | -27.9% |
| EPS (diluted) | $0.77 | $-0.56 |
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 | — | $83.1M | ||
| Q4 25 | $61.1M | $76.4M | ||
| Q3 25 | $47.9M | $83.3M | ||
| Q2 25 | $46.7M | $79.2M | ||
| Q1 25 | $45.0M | $69.2M | ||
| Q4 24 | $41.6M | $68.2M | ||
| Q3 24 | $37.5M | $58.4M | ||
| Q2 24 | $34.3M | $53.4M |
| Q1 26 | — | $-31.6M | ||
| Q4 25 | $6.3M | $-29.8M | ||
| Q3 25 | $851.0K | $-21.4M | ||
| Q2 25 | $5.0M | $-19.6M | ||
| Q1 25 | $1.8M | $-24.7M | ||
| Q4 24 | $2.5M | $-18.9M | ||
| Q3 24 | $3.3M | $-21.0M | ||
| Q2 24 | $1.4M | $-25.6M |
| Q1 26 | — | 64.9% | ||
| Q4 25 | 34.4% | 60.6% | ||
| Q3 25 | 30.1% | 64.8% | ||
| Q2 25 | 35.8% | 65.4% | ||
| Q1 25 | 33.7% | 63.9% | ||
| Q4 24 | 33.9% | 64.0% | ||
| Q3 24 | 35.9% | 63.2% | ||
| Q2 24 | 30.6% | 59.0% |
| Q1 26 | — | -4.1% | ||
| Q4 25 | 18.6% | -40.6% | ||
| Q3 25 | 6.7% | -27.8% | ||
| Q2 25 | 16.9% | -28.0% | ||
| Q1 25 | 12.1% | -39.7% | ||
| Q4 24 | 13.4% | -28.9% | ||
| Q3 24 | 16.4% | -38.4% | ||
| Q2 24 | 9.1% | -50.3% |
| Q1 26 | — | -38.1% | ||
| Q4 25 | 10.3% | -39.1% | ||
| Q3 25 | 1.8% | -25.7% | ||
| Q2 25 | 10.6% | -24.7% | ||
| Q1 25 | 3.9% | -35.8% | ||
| Q4 24 | 6.0% | -27.6% | ||
| Q3 24 | 8.8% | -35.9% | ||
| Q2 24 | 4.2% | -48.0% |
| Q1 26 | — | $-0.56 | ||
| Q4 25 | $0.77 | $-0.54 | ||
| Q3 25 | $0.10 | $-0.38 | ||
| Q2 25 | $0.61 | $-0.35 | ||
| Q1 25 | $0.23 | $-0.45 | ||
| Q4 24 | $0.31 | $-0.34 | ||
| Q3 24 | $0.40 | $-0.40 | ||
| Q2 24 | $0.18 | $-0.50 |
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 | $245.6M |
| Total DebtLower is stronger | $12.7M | $51.7M |
| Stockholders' EquityBook value | $85.8M | $347.7M |
| Total Assets | $217.0M | $487.1M |
| Debt / EquityLower = less leverage | 0.15× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $245.6M | ||
| Q4 25 | $27.2M | $286.5M | ||
| Q3 25 | $17.3M | $294.3M | ||
| Q2 25 | $18.8M | $302.7M | ||
| Q1 25 | $15.7M | $316.2M | ||
| Q4 24 | $13.3M | $333.7M | ||
| Q3 24 | $9.5M | $196.8M | ||
| Q2 24 | $7.7M | $214.1M |
| Q1 26 | — | $51.7M | ||
| Q4 25 | $12.7M | $51.6M | ||
| Q3 25 | — | $51.6M | ||
| Q2 25 | — | $51.5M | ||
| Q1 25 | $15.2M | $51.5M | ||
| Q4 24 | — | $51.5M | ||
| Q3 24 | — | $51.4M | ||
| Q2 24 | — | $51.4M |
| Q1 26 | — | $347.7M | ||
| Q4 25 | $85.8M | $365.9M | ||
| Q3 25 | $80.2M | $380.3M | ||
| Q2 25 | $77.9M | $385.8M | ||
| Q1 25 | $72.1M | $389.2M | ||
| Q4 24 | $71.2M | $402.2M | ||
| Q3 24 | $68.6M | $241.2M | ||
| Q2 24 | $65.5M | $251.8M |
| Q1 26 | — | $487.1M | ||
| Q4 25 | $217.0M | $508.1M | ||
| Q3 25 | $189.0M | $511.5M | ||
| Q2 25 | $178.3M | $513.1M | ||
| Q1 25 | $165.2M | $519.4M | ||
| Q4 24 | $160.7M | $534.0M | ||
| Q3 24 | $157.8M | $374.1M | ||
| Q2 24 | $155.7M | $374.4M |
| Q1 26 | — | 0.15× | ||
| Q4 25 | 0.15× | 0.14× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | 0.21× | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.20× |
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 | $-10.3M | ||
| Q3 25 | $-2.0M | $-6.6M | ||
| Q2 25 | $733.0K | $-15.0M | ||
| Q1 25 | $6.0M | $-17.0M | ||
| Q4 24 | $5.2M | $-32.4M | ||
| Q3 24 | $2.8M | $-18.8M | ||
| Q2 24 | $-73.0K | $-15.7M |
| Q1 26 | — | — | ||
| Q4 25 | $12.4M | $-12.2M | ||
| Q3 25 | $-4.6M | $-9.5M | ||
| Q2 25 | $-194.0K | $-17.8M | ||
| Q1 25 | $4.7M | $-18.8M | ||
| Q4 24 | $4.8M | $-33.6M | ||
| Q3 24 | $2.2M | $-19.0M | ||
| Q2 24 | $-662.0K | $-16.8M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | -15.9% | ||
| Q3 25 | -9.6% | -11.4% | ||
| Q2 25 | -0.4% | -22.5% | ||
| Q1 25 | 10.5% | -27.2% | ||
| Q4 24 | 11.6% | -49.2% | ||
| Q3 24 | 5.8% | -32.6% | ||
| Q2 24 | -1.9% | -31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 2.4% | ||
| Q3 25 | 5.3% | 3.4% | ||
| Q2 25 | 2.0% | 3.5% | ||
| Q1 25 | 2.9% | 2.7% | ||
| Q4 24 | 0.8% | 1.7% | ||
| Q3 24 | 1.7% | 0.4% | ||
| Q2 24 | 1.7% | 2.0% |
| Q1 26 | — | — | ||
| 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× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PPIH
Segment breakdown not available.
PRCT
| Handpieces and other consumables | $43.0M | 52% |
| System sales and rentals | $23.4M | 28% |
| Other | $11.1M | 13% |
| Service | $5.6M | 7% |
