Perma-Pipe International Holdings, Inc. (PPIH) — Financial statements
Income statement, balance sheet, and cash flow for Perma-Pipe International Holdings, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 211↑33.2% | 158↑5.1% | 151↑5.7% | 143↑2.9% | 139 | |
| Cost of Revenue | 141↑34.5% | 105↓3.7% | 109↑4.7% | 104↓1.7% | 106 | |
| Gross Profit | 69↑30.5% | 53↑28.4% | 41↑8.2% | 38↑17.7% | 33 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 0.10 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 35↑26.0% | 28↑23.9% | 23↑2.7% | 22↑10.6% | 20 | |
| Selling & Marketing Expenses | 5↓4.1% | 5↓10.2% | 6↑6.7% | 5↑14.1% | 5 | |
| SG&A Expenses | 40↑21.5% | 33↑17.3% | 28↑3.5% | 27↑11.2% | 24 | |
| Other Expenses | 0.00↑100.0% | -0.10 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 40↑21.5% | 33↑17.3% | 28↑3.5% | 27↑11.2% | 24 | |
| Total Costs & Expenses | 181↑31.4% | 138↑0.6% | 137↑4.5% | 131↑0.8% | 130 | |
| Operating Results | ||||||
| Operating Income | 29↑45.1% | 20↑52.0% | 13↑19.9% | 11↑37.4% | 8 | |
| Depreciation & Amortization | 5↑4688.8% | -0.11↓102.8% | 4↑5.0% | 4↓15.7% | 4 | |
| EBITDA | 35↑70.1% | 20↑25.7% | 16↑4.6% | 15↑13.8% | 14 | |
| EBIT | 29↑44.3% | 20↑65.6% | 12↑4.4% | 12↑27.6% | 9 | |
| Interest & Other Income | ||||||
| Net Interest Income | -2↑6.1% | -2↑14.4% | -2↓6.9% | -2↓155.9% | -0.83 | |
| Interest Income | 0.30↑4.9% | 0.28↑74.2% | 0.16↑31.5% | 0.12↑37.8% | 0.09 | |
| Interest Expense | 2↓4.7% | 2↓8.4% | 2↑8.3% | 2↑144.3% | 0.92 | |
| Non-Operating Income | 0.00↑100.0% | -0.11↓110.3% | 1↑258.1% | -0.66↑42.1% | -1 | |
| Other Income / Expenses | -2↓6.7% | -2↑47.1% | -3↓118.7% | -2↓834.3% | 0.22 | |
| Income Before Tax | 27↑48.9% | 18↑86.7% | 10↑3.5% | 10↑14.8% | 8 | |
| Income Tax Expense | 7↑27.3% | 5↑262.0% | -3↓191.9% | 4↑59.5% | 2 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 21↑57.7% | 13↓0.9% | 13↑122.2% | 6↓1.9% | 6 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 17↑89.6% | 9↓14.2% | 10↑76.1% | 6↓1.9% | 6 | |
| Bottom-Line Net Income | 17↑89.6% | 9↓14.2% | 10↑76.1% | 6↓1.9% | 6 | |
| EPS (Basic) | 2.12↑87.6% | 1.13↓13.7% | 1.31↑74.7% | 0.75↑0.0% | 0.75 | |
| EPS (Diluted) | 2.09↑86.6% | 1.12↓13.8% | 1.30↑78.1% | 0.73↑1.4% | 0.72 | |
| Weighted Average Shares | 8↑1.1% | 8↓0.3% | 8↑0.0% | 8↓1.9% | 8 | |
| Weighted Average Diluted Shares | 8↑1.7% | 8↓0.7% | 8↓0.5% | 8↓3.6% | 8 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.