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Companies / Industrials / Perma-Pipe International Holdings, Inc.
PPIH

Perma-Pipe International Holdings, Inc.

IndustrialsIndustrial Machinery
Ticker PPIHTHE WOODLANDS, TXFiscal year ends JanuaryBook value per share $11.33Diluted shares 8.3M

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) engineers, designs, manufactures and sells specialty piping systems and leak detection systems for industrial, energy and infrastructure customers. Its products include insulated piping for district heating and cooling, containment systems for chemicals and other… From the company’s description.

Over the twelve months to Jul 31, 2026, Perma-Pipe International Holdings, Inc. reported revenue of $226.11M, up 24.8% from a year earlier, and net income of $19.39M. Its operating margin was 12.1%, and operations generated $23.82M in cash. In fiscal 2025, it reported revenue of $210.93M, up 33.2% from fiscal 2024, and net income of $20.65M.

Fiscal year 2025 · ends 01-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-07-31
Sales & profitability
$210.93MFY2025
+33.2% year over year
Last 12 mo $226.11M
13.96%FY2025
+1.1 percentage points
Last 12 mo 12.06%
$20.65MFY2025
+57.7% year over year
Last 12 mo $19.39M
18.79%FY2025
+6.3 percentage points
Last 12 mo 16.67%
Cash & financing
$9.17MFY2025
−34.2% year over year
Last 12 mo $23.82M
$-1.27MFY2025
−111.5% year over year
Last 12 mo $13.65M
0.36FY2025
Was 0.34× a year earlier
Last 12 mo 0.39
8.1MFY2025
+1.7% year over year
Last 12 mo 8.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Perma-Pipe International Holdings, Inc. does

In the company’s own words

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) engineers, designs, manufactures and sells specialty piping systems and leak detection systems for industrial, energy and infrastructure customers. Its products include insulated piping for district heating and cooling, containment systems for chemicals and other fluids, coated or insulated oil and gas pipelines, and anti-corrosion coatings for steel pipe and fittings. Leak detection systems are sold with piping products or separately. The company operates in one reportable segment, Piping Systems, and serves customers through direct sales teams and independent representatives across the United States, Canada, India, Egypt and the Middle East. Net sales were $210.9 million for the fiscal year ended January 31, 2026, and the company had 909 employees at that date. Its website is www.permapipe.com.

Company details
Sector
Industrials
Industry (SIC)
Industrial Machinery
Headquarters
THE WOODLANDS, TX
Fiscal year end
January
CIK
914122
SIC
3564

Financial performance, year by year

Fiscal 2011–2025 · USD
$-43.68M$31.91M$107.51M$183.10M$258.69M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Perma-Pipe International Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

94
funds hold it
0 of 35
superinvestors hold it
$47.56M
held by funds, at market
19.9%
of shares held by funds

Largest fund holders · Perma-Pipe International Holdings, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
0.35%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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