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Side-by-side financial comparison of Perma-Pipe International Holdings, Inc. (PPIH) and RxSight, Inc. (RXST). Click either name above to swap in a different company.
Perma-Pipe International Holdings, Inc. is the larger business by last-quarter revenue ($61.1M vs $32.6M, roughly 1.9× RxSight, Inc.). Perma-Pipe International Holdings, Inc. runs the higher net margin — 10.3% vs -28.1%, a 38.4% gap on every dollar of revenue. On growth, Perma-Pipe International Holdings, Inc. posted the faster year-over-year revenue change (47.1% vs -18.9%). Perma-Pipe International Holdings, Inc. produced more free cash flow last quarter ($12.4M vs $-2.3M). Over the past eight quarters, Perma-Pipe International Holdings, Inc.'s revenue compounded faster (23.4% CAGR vs 5.1%).
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.
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
PPIH vs RXST — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.1M | $32.6M |
| Net Profit | $6.3M | $-9.2M |
| Gross Margin | 34.4% | 77.5% |
| Operating Margin | 18.6% | -34.8% |
| Net Margin | 10.3% | -28.1% |
| Revenue YoY | 47.1% | -18.9% |
| Net Profit YoY | 153.5% | -54.1% |
| EPS (diluted) | $0.77 | $-0.22 |
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 | $61.1M | $32.6M | ||
| Q3 25 | $47.9M | $30.3M | ||
| Q2 25 | $46.7M | $33.6M | ||
| Q1 25 | $45.0M | $37.9M | ||
| Q4 24 | $41.6M | $40.2M | ||
| Q3 24 | $37.5M | $35.3M | ||
| Q2 24 | $34.3M | $34.9M | ||
| Q1 24 | $40.2M | $29.5M |
| Q4 25 | $6.3M | $-9.2M | ||
| Q3 25 | $851.0K | $-9.8M | ||
| Q2 25 | $5.0M | $-11.8M | ||
| Q1 25 | $1.8M | $-8.2M | ||
| Q4 24 | $2.5M | $-5.9M | ||
| Q3 24 | $3.3M | $-6.3M | ||
| Q2 24 | $1.4M | $-6.1M | ||
| Q1 24 | $8.6M | $-9.1M |
| Q4 25 | 34.4% | 77.5% | ||
| Q3 25 | 30.1% | 79.9% | ||
| Q2 25 | 35.8% | 74.9% | ||
| Q1 25 | 33.7% | 74.8% | ||
| Q4 24 | 33.9% | 71.6% | ||
| Q3 24 | 35.9% | 71.4% | ||
| Q2 24 | 30.6% | 69.5% | ||
| Q1 24 | 30.0% | 70.1% |
| Q4 25 | 18.6% | -34.8% | ||
| Q3 25 | 6.7% | -40.1% | ||
| Q2 25 | 16.9% | -41.6% | ||
| Q1 25 | 12.1% | -28.2% | ||
| Q4 24 | 13.4% | -21.5% | ||
| Q3 24 | 16.4% | -26.1% | ||
| Q2 24 | 9.1% | -23.9% | ||
| Q1 24 | 11.3% | -36.2% |
| Q4 25 | 10.3% | -28.1% | ||
| Q3 25 | 1.8% | -32.4% | ||
| Q2 25 | 10.6% | -35.0% | ||
| Q1 25 | 3.9% | -21.6% | ||
| Q4 24 | 6.0% | -14.8% | ||
| Q3 24 | 8.8% | -17.9% | ||
| Q2 24 | 4.2% | -17.4% | ||
| Q1 24 | 21.5% | -30.8% |
| Q4 25 | $0.77 | $-0.22 | ||
| Q3 25 | $0.10 | $-0.24 | ||
| Q2 25 | $0.61 | $-0.29 | ||
| Q1 25 | $0.23 | $-0.20 | ||
| Q4 24 | $0.31 | $-0.14 | ||
| Q3 24 | $0.40 | $-0.16 | ||
| Q2 24 | $0.18 | $-0.16 | ||
| Q1 24 | $1.07 | $-0.25 |
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 | $228.1M |
| Total DebtLower is stronger | $12.7M | — |
| Stockholders' EquityBook value | $85.8M | $275.7M |
| Total Assets | $217.0M | $311.8M |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.2M | $228.1M | ||
| Q3 25 | $17.3M | $227.5M | ||
| Q2 25 | $18.8M | $227.5M | ||
| Q1 25 | $15.7M | $229.3M | ||
| Q4 24 | $13.3M | $237.2M | ||
| Q3 24 | $9.5M | $237.1M | ||
| Q2 24 | $7.7M | $233.3M | ||
| Q1 24 | $5.8M | $125.4M |
| Q4 25 | $12.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $15.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $15.2M | — |
| Q4 25 | $85.8M | $275.7M | ||
| Q3 25 | $80.2M | $276.0M | ||
| Q2 25 | $77.9M | $278.0M | ||
| Q1 25 | $72.1M | $279.3M | ||
| Q4 24 | $71.2M | $281.2M | ||
| Q3 24 | $68.6M | $277.3M | ||
| Q2 24 | $65.5M | $275.2M | ||
| Q1 24 | $65.7M | $163.9M |
| Q4 25 | $217.0M | $311.8M | ||
| Q3 25 | $189.0M | $308.5M | ||
| Q2 25 | $178.3M | $309.0M | ||
| Q1 25 | $165.2M | $313.0M | ||
| Q4 24 | $160.7M | $318.6M | ||
| Q3 24 | $157.8M | $310.5M | ||
| Q2 24 | $155.7M | $305.5M | ||
| Q1 24 | $155.7M | $183.2M |
| 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 | $17.3M | $-1.1M |
| Free Cash FlowOCF − Capex | $12.4M | $-2.3M |
| FCF MarginFCF / Revenue | 20.2% | -6.9% |
| Capex IntensityCapex / Revenue | 8.1% | 3.5% |
| Cash ConversionOCF / Net Profit | 2.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.3M | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.3M | $-1.1M | ||
| Q3 25 | $-2.0M | $-1.2M | ||
| Q2 25 | $733.0K | $-4.4M | ||
| Q1 25 | $6.0M | $-8.8M | ||
| Q4 24 | $5.2M | $-4.3M | ||
| Q3 24 | $2.8M | $650.0K | ||
| Q2 24 | $-73.0K | $-4.0M | ||
| Q1 24 | $7.1M | $-9.3M |
| Q4 25 | $12.4M | $-2.3M | ||
| Q3 25 | $-4.6M | $-1.8M | ||
| Q2 25 | $-194.0K | $-5.9M | ||
| Q1 25 | $4.7M | $-9.4M | ||
| Q4 24 | $4.8M | $-5.1M | ||
| Q3 24 | $2.2M | $-453.0K | ||
| Q2 24 | $-662.0K | $-5.5M | ||
| Q1 24 | $4.2M | $-11.3M |
| Q4 25 | 20.2% | -6.9% | ||
| Q3 25 | -9.6% | -5.8% | ||
| Q2 25 | -0.4% | -17.6% | ||
| Q1 25 | 10.5% | -24.8% | ||
| Q4 24 | 11.6% | -12.7% | ||
| Q3 24 | 5.8% | -1.3% | ||
| Q2 24 | -1.9% | -15.9% | ||
| Q1 24 | 10.5% | -38.2% |
| Q4 25 | 8.1% | 3.5% | ||
| Q3 25 | 5.3% | 1.9% | ||
| Q2 25 | 2.0% | 4.6% | ||
| Q1 25 | 2.9% | 1.5% | ||
| Q4 24 | 0.8% | 2.1% | ||
| Q3 24 | 1.7% | 3.1% | ||
| Q2 24 | 1.7% | 4.4% | ||
| Q1 24 | 7.2% | 6.7% |
| 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
PPIH
Segment breakdown not available.
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
