Symbols / PPIH Stock $31.51 -3.22% Perma-Pipe International Holdings, Inc.

Industrials • Building Products & Equipment • United States • NGM
PPIH (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Building Products & Equipment
CEO Mr. Saleh Sagr
Exch · Country NGM · United States
Market Cap 255.96M
Enterprise Value 299.77M
Income 17.04M
Sales 210.92M
FCF (ttm) -6.84M
Book/sh 11.16
Cash/sh 2.30
Employees 909
Insider 10d —
IPO Dec 15, 1989
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 15.08
Forward P/E —
PEG 2.82
P/S 1.21
P/B 2.82
P/C —
EV/EBITDA 8.72
EV/Sales 1.42
Quick Ratio 1.48
Current Ratio 1.84
Debt/Eq 44.08
LT Debt/Eq —
EPS (ttm) 2.09
EPS next Y —
EPS Growth 171.80%
Revenue Growth 22.50%
EPS Gr Q/Q 179.40%
Rev Gr Q/Q —
Earnings (next) 2026-06-09
Earnings (prior) 2026-04-16
ROA 9.62%
ROE 21.80%
ROIC —
Gross Margin 32.94%
Oper. Margin 9.02%
Profit Margin 8.08%
Shs Outstand 8.12M
Shs Float 7.27M
Insider Own 10.86%
Instit Own 46.16%
Short Float 1.80%
Short Ratio 2.08
Short Interest 139.49K
52W High 36.72
vs 52W High -14.19%
52W Low 11.22
vs 52W Low 180.84%
Beta 0.58
Impl. Vol. 73.51%
Rel Volume 0.87
Avg Volume 89.55K
Volume 77.97K
Target (mean) $39.00
Tgt Median $39.00
Tgt Low $39.00
Tgt High $39.00
# Analysts 1
Recom Strong_buy
Prev Close $32.56
Price $31.51
Change -3.22%
About

Perma-Pipe International Holdings, Inc., together with its subsidiaries, designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the United Arab Emirates, Saudi Arabia, and internationally. The company offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to other locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products. It also provides coating and insulation of oil and gas gathering and transmission pipelines; liquid and powder based anti-corrosion coatings for external and internal surfaces of steel pipe, including shapes comprising bends, reducers, tees, and other spools/fittings used in pipelines for the transportation of oil and gas products and potable water. In addition, the company offers cables, leak detection products, heat trace products, and material/goods not bundled with piping or flowline systems. Further, it provides containment systems, custom fabrications, and leak detection, as well as technical support, field service, and logistics services. The company was formerly known as MFRI, Inc. and changed its name to Perma-Pipe International Holdings, Inc. in March 2017. Perma-Pipe International Holdings, Inc. was founded in 1909 and is headquartered in The Woodlands, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$39.00
Mean price target
2. Current target
$31.51
Latest analyst target
3. DCF / Fair value
$-15.15
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$31.51
Low
$39.00
High
$39.00
Mean
$39.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-16 main Freedom Broker Buy → Buy $36
2025-10-02 init Freedom Broker — → Buy $29
News
RSS: Latest PPIH news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-10 ZAKHOUR NANCY Director — 576 $0.00 $0
2025-06-25 MCNALLY ROBERT JOSEPH Director — 4,877 $0.00 $0
2025-06-25 BROWN DAVID B Director — 4,877 $0.00 $0
2025-06-25 LEWICKI MATTHEW EARL Chief Financial Officer — 8,829 $0.00 $0
2025-06-25 ALKUWARI IBRAHIM Director — 4,877 $0.00 $0
2025-06-25 SAGR SALEH NEHAD SALEH Chief Executive Officer — 29,259 $0.00 $0
2025-06-25 BIRO JON C Director — 5,527 $0.00 $0
2025-03-10 BIRO JON C Director — 1,722 $0.00 $0
2024-10-01 WALKER JEROME T Director — 1,451 $12.75 $18,510
2024-10-01 BROWN DAVID B Director — 1,280 $12.75 $16,328
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2026-01-31 2025-01-31 2024-01-31 2023-01-31
Total Revenue
210.93
+33.17%
158.38
+5.12%
150.67
+5.68%
142.57
Operating Revenue
210.93
+33.17%
158.38
+5.12%
150.67
+5.68%
142.57
Cost Of Revenue
141.44
+34.53%
105.14
-3.73%
109.21
+4.74%
104.27
Reconciled Cost Of Revenue
141.44
+34.53%
105.14
-3.73%
109.21
+4.74%
104.27
Gross Profit
69.49
+30.50%
53.25
+28.44%
41.46
+8.24%
38.30
Operating Expense
40.04
+21.53%
32.95
+17.25%
28.10
+3.47%
27.16
Selling General And Administration
40.04
+21.53%
32.95
+17.25%
28.10
+3.47%
27.16
Selling And Marketing Expense
4.75
-4.06%
4.95
-10.19%
5.51
+6.68%
5.16
General And Administrative Expense
35.29
+26.05%
28.00
+23.94%
22.59
+2.71%
21.99
Other Gand A
35.29
+26.05%
28.00
+23.94%
22.59
+2.71%
21.99
Total Expenses
181.48
+31.43%
138.08
+0.56%
137.31
+4.48%
131.43
Operating Income
29.45
+45.06%
20.30
+51.96%
13.36
+19.88%
11.14
Total Operating Income As Reported
29.45
+45.06%
20.30
+51.96%
13.36
+19.88%
11.14
EBITDA
34.52
+41.95%
24.32
+50.59%
16.15
+4.55%
15.45
Normalized EBITDA
34.52
+41.95%
24.32
+50.59%
16.15
+4.55%
15.45
Reconciled Depreciation
4.91
+35.30%
3.63
-5.25%
3.83
+5.05%
3.65
EBIT
29.61
+43.11%
20.69
+67.95%
12.32
+4.40%
11.80
Net Income
17.04
+89.64%
8.98
-14.21%
10.47
+76.13%
5.95
Pretax Income
27.49
+48.87%
18.47
+86.72%
9.89
+3.48%
9.56
Net Non Operating Interest Income Expense
-1.82
+6.08%
-1.94
+14.39%
-2.27
-6.94%
-2.12
Interest Expense Non Operating
2.12
-4.68%
2.22
-8.44%
2.43
+8.29%
2.24
Net Interest Income
-1.82
+6.08%
-1.94
+14.39%
-2.27
-6.94%
-2.12
Interest Expense
2.12
-4.68%
2.22
-8.44%
2.43
+8.29%
2.24
Interest Income Non Operating
0.30
+4.93%
0.28
+74.23%
0.16
+31.45%
0.12
Interest Income
0.30
+4.93%
0.28
+74.23%
0.16
+31.45%
0.12
Other Income Expense
-0.13
-225.23%
0.11
+108.90%
-1.20
-325.52%
0.53
Other Non Operating Income Expenses
-0.13
-225.23%
0.11
+108.90%
-1.20
-325.52%
0.53
Tax Provision
6.84
+27.28%
5.38
+261.96%
-3.32
-191.89%
3.61
Tax Rate For Calcs
0.00
-14.50%
0.00
+38.64%
0.00
-44.44%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
20.65
+57.73%
13.09
-0.91%
13.21
+122.22%
5.95
Net Income From Continuing Operation Net Minority Interest
17.04
+89.64%
8.98
-14.21%
10.47
+76.13%
5.95
Net Income From Continuing And Discontinued Operation
17.04
+89.64%
8.98
-14.21%
10.47
+76.13%
5.95
Net Income Continuous Operations
20.65
+57.73%
13.09
-0.91%
13.21
+122.22%
5.95
Minority Interests
-3.61
+12.03%
-4.11
-49.93%
-2.74
0.00
Normalized Income
17.04
+89.64%
8.98
-14.21%
10.47
+76.13%
5.95
Net Income Common Stockholders
17.04
+89.64%
8.98
-14.21%
10.47
+76.13%
5.95
Diluted EPS
2.09
+86.61%
1.12
-13.85%
1.30
+78.08%
0.73
Basic EPS
2.12
+87.61%
1.13
-13.74%
1.31
+74.67%
0.75
Basic Average Shares
8.05
+1.14%
7.96
-0.26%
7.98
+0.01%
7.98
Diluted Average Shares
8.15
+1.66%
8.02
-0.72%
8.07
-0.53%
8.12
Diluted NI Availto Com Stockholders
17.04
+89.64%
8.98
-14.21%
10.47
+76.13%
5.95
Line Item Trend 2025-01-31 2024-01-31 2023-01-31 2022-01-31
Total Assets
165.24
+6.12%
155.71
+26.63%
122.97
—
Current Assets
108.80
+10.10%
98.82
+15.36%
85.66
—
Cash Cash Equivalents And Short Term Investments
15.72
+168.88%
5.84
+1.25%
5.77
—
Cash And Cash Equivalents
15.72
+168.88%
5.84
+1.25%
5.77
—
Receivables
65.02
-1.99%
66.34
+16.86%
56.77
—
Accounts Receivable
43.15
-7.50%
46.65
+11.04%
42.01
—
Gross Accounts Receivable
43.85
-7.38%
47.34
+11.08%
42.62
—
Allowance For Doubtful Accounts Receivable
-0.70
-0.57%
-0.70
-14.22%
-0.61
—
Other Receivables
21.87
+11.05%
19.69
+33.43%
14.76
—
Inventory
16.62
+6.96%
15.54
+5.45%
14.74
—
Raw Materials
16.37
+18.76%
13.79
-8.04%
14.99
—
Work In Process
0.74
+21.93%
0.61
-18.53%
0.75
—
Finished Goods
0.37
-81.90%
2.02
+896.06%
0.20
—
Prepaid Assets
—
—
—
5.44
Restricted Cash
1.40
+0.43%
1.40
+36.76%
1.02
—
Other Current Assets
10.04
+3.59%
9.70
+31.81%
7.36
—
Total Non Current Assets
56.44
-0.80%
56.89
+52.50%
37.31
—
Net PPE
43.56
-1.19%
44.09
+42.01%
31.05
—
Gross PPE
89.24
-5.03%
93.96
+7.44%
87.46
—
Accumulated Depreciation
-45.67
+8.42%
-49.87
+11.59%
-56.41
—
Properties
26.28
+2.56%
25.62
+15.01%
22.28
—
Machinery Furniture Equipment
54.76
-11.49%
61.87
+2.01%
60.65
—
Other Properties
8.20
+26.78%
6.47
+42.85%
4.53
—
Goodwill And Other Intangible Assets
2.06
-7.43%
2.22
-0.22%
2.23
—
Goodwill
2.06
-7.43%
2.22
-0.22%
2.23
—
Non Current Deferred Assets
6.64
-16.16%
7.92
+1037.79%
0.70
—
Non Current Deferred Taxes Assets
6.64
-16.16%
7.92
+1037.79%
0.70
—
Other Non Current Assets
4.18
+56.81%
2.67
-20.21%
3.34
—
Total Liabilities Net Minority Interest
82.14
-1.91%
83.73
+28.46%
65.18
—
Current Liabilities
54.06
-6.37%
57.74
+31.86%
43.79
—
Payables And Accrued Expenses
39.99
-5.86%
42.48
+48.68%
28.57
—
Payables
33.29
-0.44%
33.44
+45.26%
23.02
—
Accounts Payable
23.69
-6.44%
25.32
+71.63%
14.75
—
Other Payable
5.84
+29.12%
4.52
-5.06%
4.76
—
Current Accrued Expenses
6.70
-25.91%
9.04
+62.89%
5.55
—
Pensionand Other Post Retirement Benefit Plans Current
—
—
1.18
-26.86%
1.61
Total Tax Payable
3.76
+4.70%
3.59
+2.60%
3.50
—
Income Tax Payable
2.38
-0.21%
2.38
+2.41%
2.32
—
Current Debt And Capital Lease Obligation
10.32
-1.71%
10.50
-8.87%
11.53
—
Current Debt
9.22
-3.85%
9.59
-9.65%
10.61
—
Other Current Borrowings
0.45
-89.04%
4.07
-34.62%
6.23
—
Current Capital Lease Obligation
1.10
+20.68%
0.91
+0.22%
0.91
—
Current Deferred Liabilities
3.75
-21.10%
4.76
+28.83%
3.69
—
Current Deferred Revenue
3.75
-21.10%
4.76
+28.83%
3.69
—
Other Current Liabilities
-0.01
—
2.03
+61.67%
1.25
Total Non Current Liabilities Net Minority Interest
28.07
+8.01%
25.99
+21.50%
21.39
—
Long Term Debt And Capital Lease Obligation
22.93
+2.90%
22.29
+24.82%
17.86
—
Long Term Debt
3.67
-13.24%
4.23
-3.65%
4.39
—
Long Term Capital Lease Obligation
19.26
+6.68%
18.06
+34.09%
13.47
—
Non Current Deferred Liabilities
3.01
+23.88%
2.43
-3.50%
2.52
—
Non Current Deferred Taxes Liabilities
1.32
+8.46%
1.22
+33.88%
0.91
—
Other Non Current Liabilities
2.13
+67.14%
1.27
+25.12%
1.02
—
Stockholders Equity
72.14
+9.78%
65.71
+13.72%
57.78
—
Common Stock Equity
72.14
+9.78%
65.71
+13.72%
57.78
—
Capital Stock
0.08
+0.00%
0.08
+0.00%
0.08
—
Common Stock
0.08
+0.00%
0.08
+0.00%
0.08
—
Share Issued
7.98
-0.43%
8.02
+0.12%
8.01
—
Ordinary Shares Number
7.98
+0.98%
7.90
-1.24%
8.00
—
Treasury Shares Number
0.11
+0.00%
0.11
+3633.33%
0.00
-98.72%
0.23
Additional Paid In Capital
60.15
+0.15%
60.06
-3.99%
62.56
—
Retained Earnings
20.10
+66.31%
12.09
+647.56%
1.62
—
Gains Losses Not Affecting Retained Earnings
-8.20
-47.67%
-5.55
+13.92%
-6.45
—
Treasury Stock
0.00
-100.00%
0.97
+3623.08%
0.03
—
Minority Interest
10.97
+75.02%
6.27
0.00
—
Other Equity Adjustments
-8.20
-47.67%
-5.55
+13.92%
-6.45
—
Total Equity Gross Minority Interest
83.11
+15.46%
71.98
+24.56%
57.78
—
Total Capitalization
75.81
+8.39%
69.94
+12.49%
62.17
—
Working Capital
54.74
+33.26%
41.08
-1.89%
41.87
—
Invested Capital
85.03
+6.91%
79.53
+9.27%
72.79
—
Total Debt
33.26
+1.42%
32.79
+11.60%
29.38
—
Net Debt
—
7.97
-13.61%
9.23
+118.25%
4.23
Capital Lease Obligations
20.37
+7.35%
18.97
+31.94%
14.38
—
Net Tangible Assets
70.08
+10.38%
63.49
+14.28%
55.56
—
Tangible Book Value
70.08
+10.38%
63.49
+14.28%
55.56
—
Inventories Adjustments Allowances
-0.86
+1.82%
-0.88
+27.17%
-1.21
—
Line Of Credit
8.78
+59.00%
5.52
+25.80%
4.39
—
Line Item Trend 2026-01-31 2025-01-31 2024-01-31 2023-01-31
Operating Cash Flow
9.17
-34.17%
13.93
-5.45%
14.73
+1287.03%
-1.24
Cash Flow From Continuing Operating Activities
9.17
-34.17%
13.93
-5.45%
14.73
+1287.03%
-1.24
Net Income From Continuing Operations
20.65
+57.73%
13.09
-0.91%
13.21
+122.22%
5.95
Depreciation Amortization Depletion
4.91
+35.30%
3.63
-5.25%
3.83
+5.05%
3.65
Depreciation And Amortization
4.91
+35.30%
3.63
-5.25%
3.83
+5.05%
3.65
Other Non Cash Items
—
—
—
-0.03
Pension And Employee Benefit Expense
—
—
0.00
-100.00%
0.83
Stock Based Compensation
2.54
+195.00%
0.86
-5.81%
0.91
-8.88%
1.00
Provisionand Write Offof Assets
0.88
+21900.00%
0.00
-95.51%
0.09
-37.32%
0.14
Deferred Tax
1.11
-31.23%
1.62
+123.37%
-6.92
-1544.68%
0.48
Deferred Income Tax
1.11
-31.23%
1.62
+123.37%
-6.92
-1544.68%
0.48
Operating Gains Losses
-0.02
-105.48%
0.29
+4966.67%
-0.01
-100.69%
0.87
Gain Loss On Sale Of PPE
-0.02
-105.48%
0.29
+4966.67%
-0.01
-113.95%
0.04
Change In Working Capital
-20.90
-275.62%
-5.57
-253.98%
3.61
+127.18%
-13.30
Change In Receivables
-33.32
-8555.84%
0.39
+103.54%
-11.13
+16.92%
-13.40
Changes In Account Receivables
-22.56
-1015.17%
2.46
+150.73%
-4.86
-50.34%
-3.23
Change In Inventory
-1.36
+25.15%
-1.82
-118.92%
-0.83
+44.85%
-1.50
Change In Prepaid Assets
3.25
+826.40%
-0.45
+84.31%
-2.85
-2216.26%
-0.12
Change In Payables And Accrued Expense
1.25
+247.09%
0.36
-95.29%
7.67
+561.78%
1.16
Change In Accrued Expense
0.77
-49.54%
1.53
+233.74%
-1.14
-1860.00%
0.07
Change In Payable
0.48
+141.15%
-1.17
-113.26%
8.81
+705.67%
1.09
Change In Account Payable
0.48
+141.15%
-1.17
-113.26%
8.81
+705.67%
1.09
Change In Other Working Capital
9.27
+328.62%
-4.06
-137.72%
10.75
+1793.13%
0.57
Investing Cash Flow
-10.42
-265.98%
-2.85
+74.34%
-11.10
-73.90%
-6.38
Cash Flow From Continuing Investing Activities
-10.42
-265.98%
-2.85
+74.34%
-11.10
-73.90%
-6.38
Net PPE Purchase And Sale
0.02
-37.04%
0.03
+800.00%
0.00
-96.81%
0.09
Sale Of PPE
0.02
-37.04%
0.03
+800.00%
0.00
-96.81%
0.09
Capital Expenditure
-10.44
-263.13%
-2.88
+74.11%
-11.11
-59.23%
-6.97
Capital Expenditure Reported
-10.44
-263.13%
-2.88
+74.11%
-11.11
-59.23%
-6.97
Net Other Investing Changes
—
—
0.01
-99.00%
0.50
Financing Cash Flow
6.59
+826.13%
-0.91
+72.14%
-3.26
-171.67%
4.54
Cash Flow From Continuing Financing Activities
6.59
+826.13%
-0.91
+72.14%
-3.26
-171.67%
4.54
Net Issuance Payments Of Debt
7.11
+1018.86%
-0.77
+58.03%
-1.84
-138.61%
4.78
Issuance Of Debt
91.86
+20.32%
76.34
-50.97%
155.71
+60.68%
96.90
Repayment Of Debt
-84.75
-9.89%
-77.12
+51.05%
-157.55
-71.01%
-92.13
Long Term Debt Issuance
—
—
—
0.00
Long Term Debt Payments
-0.54
+7.44%
-0.58
-4.33%
-0.55
+19.59%
-0.69
Net Long Term Debt Issuance
-0.54
+7.44%
-0.58
-4.33%
-0.55
+19.59%
-0.69
Short Term Debt Issuance
91.86
+20.32%
76.34
-50.97%
155.71
+60.68%
96.90
Short Term Debt Payments
-84.21
-10.02%
-76.54
+51.25%
-157.00
-71.70%
-91.44
Net Short Term Debt Issuance
7.65
+4001.53%
-0.20
+84.81%
-1.29
-123.60%
5.46
Net Common Stock Issuance
—
0.00
+100.00%
-0.94
-1265.22%
-0.07
Common Stock Payments
—
0.00
+100.00%
-0.94
-1265.22%
-0.07
Repurchase Of Capital Stock
—
0.00
+100.00%
-0.94
-1265.22%
-0.07
Proceeds From Stock Option Exercised
-0.51
-184.36%
-0.18
+34.43%
-0.27
-32.52%
-0.21
Net Other Financing Charges
-0.02
-136.96%
0.05
+123.35%
-0.20
-569.05%
0.04
Changes In Cash
5.33
-47.59%
10.17
+2598.41%
0.38
+112.24%
-3.08
Effect Of Exchange Rate Changes
-0.15
+47.97%
-0.30
-522.86%
0.07
-31.37%
0.10
Beginning Cash Position
17.12
+136.42%
7.24
+6.58%
6.79
-30.48%
9.77
End Cash Position
22.30
+30.25%
17.12
+136.42%
7.24
+6.58%
6.79
Free Cash Flow
-1.27
-111.50%
11.05
+204.91%
3.62
+144.12%
-8.22
Interest Paid Supplemental Data
1.77
-8.30%
1.93
-15.62%
2.29
+11.74%
2.04
Income Tax Paid Supplemental Data
4.05
+9.18%
3.71
+13.13%
3.28
+32.38%
2.48
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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