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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) operates as a specialized manufacturer and seller of piping systems and leak detection solutions serving industrial and infrastructure markets globally. The company maintains its website at www.permapipe.com. From the company’s description.

Fiscal year 2026 · ends 01-31Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-07-31
Sales & profitability
$210.93M
+33.2% year over year
Last 12 mo $226.11M
13.96%
+1.1 percentage points
Last 12 mo 12.06%
$20.65M
+57.7% year over year
Last 12 mo $19.39M
18.79%
+6.3 percentage points
Last 12 mo 16.67%
Cash & financing
$9.17M
−34.2% year over year
Last 12 mo $23.82M
$-1.27M
−111.5% year over year
Last 12 mo $13.65M
0.49
Was 0.37× a year earlier
Last 12 mo 0.39
8.1M
+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) operates as a specialized manufacturer and seller of piping systems and leak detection solutions serving industrial and infrastructure markets globally. The company maintains its website at www.permapipe.com.

The company engineers, designs, manufactures, and sells specialty piping systems including insulated and jacketed district heating and cooling piping for efficient energy distribution, primary and secondary containment piping for transporting chemicals and hazardous fluids, coating and insulation services for oil and gas pipelines, and anti-corrosion coatings for steel pipe used in petroleum and potable water transportation. Perma-Pipe also provides leak detection systems sold either integrated with its piping systems or on a standalone basis to monitor areas where fluid intrusion could contaminate the environment or damage equipment.

Operating as a single reportable segment, Perma-Pipe maintains manufacturing and operational facilities across North America, the Middle East, and Asia. The company operates locations in Illinois, Louisiana, Tennessee, and Texas in the United States, along with facilities in Canada, Saudi Arabia, the United Arab Emirates, Egypt, India, and Qatar. As of January 31, 2026, the company employed 909 individuals, with 222 based in the United States and 687 internationally. Within the United States, 97 employees are represented by labor unions under two collective bargaining agreements.

The company's customer base is industrially and geographically diverse, with international sales representing approximately 72 percent of total revenues. Perma-Pipe employs inside and outside sales managers in the United States working with independent manufacturers' representatives, while maintaining direct sales forces in Canada, India, Egypt, and across multiple Middle Eastern countries. The company's backlog as of January 31, 2026 totaled $121.6 million, primarily expected to be completed within the following fiscal year.

Perma-Pipe owns various patents covering its piping and electronic leak detection systems and maintains numerous trademarks connected with its products worldwide. The company's competitive positioning derives from quality, engineering design capabilities, comprehensive product offerings, timely execution, and strategic facility locations. Most piping systems are produced for underground installations requiring trenching and installation by unaffiliated contractors.

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 2014–2026 · USD
$-36.40M$35.39M$107.18M$178.97M$250.77M2014201520162017201820192020202120222023202420252026Last 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
0.01%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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