📊 PPIH Key Takeaways
Is Perma-Pipe International Holdings, Inc. (PPIH) a Good Investment?
While Perma-Pipe maintains a strong balance sheet with excellent liquidity (2.31x current ratio) and conservative leverage (0.30x debt/equity), the company demonstrates severely deficient operational returns (ROE 2.0%, ROA 0.8%) that suggest capital inefficiency or potential acquisition overpayment. The extreme 11,676% revenue growth is clearly a one-time event (likely major acquisition/merger) masking underlying operational weakness, with low net margins (3.6%) and weak interest coverage (2.2x) indicating structural profitability challenges.
Perma-Pipe International Holdings, Inc. Key Strengths (PPIH)
- Excellent liquidity position with current ratio of 2.31x and quick ratio of 2.02x
- Conservative capital structure with debt-to-equity of only 0.30x and $28.3M cash position
- Positive free cash flow of $4.9M with 9.7% FCF margin demonstrates operational cash generation
PPIH Stock Risks: Perma-Pipe International Holdings, Inc. Investment Risks
- Critically low returns on capital (ROE 2.0%, ROA 0.8%) indicate the company is not generating shareholder value or using assets efficiently
- The 11,676% YoY revenue growth is almost certainly a non-recurring acquisition/merger event that masks poor organic performance
- Weak interest coverage ratio of 2.2x combined with low net margin of 3.6% suggests limited operational cushion and potential debt servicing stress
- Large gap between operating margin (9.2%) and net margin (3.6%) indicates significant non-operating drains on profitability
Key Metrics to Watch
- Return on Equity and Return on Assets trends over next 4 quarters - critical to determine if recent acquisition integration improves efficiency
- Organic revenue growth rate and breakdown of acquired vs organic revenue to assess sustainability
- Net margin expansion and reconciliation of non-operating expenses driving the 530 basis point gap versus operating margin
Perma-Pipe International Holdings, Inc. (PPIH) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 2.31x current ratio provides a solid financial cushion.
PPIH Profit Margin, ROE & Profitability Analysis
PPIH vs Industrial Sector: How Perma-Pipe International Holdings, Inc. Compares
How Perma-Pipe International Holdings, Inc. compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Perma-Pipe International Holdings, Inc. Stock Overvalued? PPIH Valuation Analysis 2026
Based on fundamental analysis, Perma-Pipe International Holdings, Inc. has mixed fundamental signals relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Perma-Pipe International Holdings, Inc. Balance Sheet: PPIH Debt, Cash & Liquidity
PPIH Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Perma-Pipe International Holdings, Inc.'s revenue has grown significantly by 52% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.12 reflects profitable operations.
PPIH Revenue Growth, EPS Growth & YoY Performance
PPIH Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2027 | $46.7M | $1.8M | $0.22 |
| Q3 2026 | $41.6M | $851.0K | $0.31 |
| Q3 2025 | $41.6M | $1.0M | $0.23 |
| Q2 2025 | $37.5M | $851.0K | $0.10 |
| Q1 2025 | $34.3M | $1.4M | $0.18 |
| Q2 2024 | $35.1M | -$100.0K | $-0.01 |
| Q1 2024 | $29.7M | -$1.1M | $-0.14 |
| Q3 2023 | $35.2M | $495.0K | $0.06 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Perma-Pipe International Holdings, Inc. Dividends, Buybacks & Capital Allocation
PPIH SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Perma-Pipe International Holdings, Inc. (CIK: 0000914122)
📋 Recent SEC Filings
❓ Frequently Asked Questions about PPIH
What is the AI rating for PPIH?
Perma-Pipe International Holdings, Inc. (PPIH) has an AI grade of C with 70% confidence, based on fundamental analysis of SEC EDGAR filings.
What are PPIH's key strengths?
Claude: Excellent liquidity position with current ratio of 2.31x and quick ratio of 2.02x. Conservative capital structure with debt-to-equity of only 0.30x and $28.3M cash position.
What are the risks of investing in PPIH?
Claude: Critically low returns on capital (ROE 2.0%, ROA 0.8%) indicate the company is not generating shareholder value or using assets efficiently. The 11,676% YoY revenue growth is almost certainly a non-recurring acquisition/merger event that masks poor organic performance.
What is PPIH's revenue and growth?
Perma-Pipe International Holdings, Inc. reported revenue of $50.3M.
Does PPIH pay dividends?
Perma-Pipe International Holdings, Inc. pays dividends, with $2.0M distributed to shareholders in the trailing twelve months.
Where can I find PPIH SEC filings?
Official SEC filings for Perma-Pipe International Holdings, Inc. (CIK: 0000914122) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is PPIH's EPS?
Perma-Pipe International Holdings, Inc. has a diluted EPS of $0.22.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is PPIH's fundamental grade?
Based on our AI fundamental analysis in June 2026, Perma-Pipe International Holdings, Inc. has a C grade with 70% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is PPIH stock overvalued or undervalued?
Valuation metrics for PPIH: ROE of 2.0% (sector avg: 15%), net margin of 3.6% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is PPIH's AI grade for 2026?
Our dual AI analysis gives Perma-Pipe International Holdings, Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is PPIH's free cash flow?
Perma-Pipe International Holdings, Inc.'s operating cash flow is $6.1M, with capital expenditures of $1.3M. FCF margin is 9.7%.
How does PPIH compare to other Industrial stocks?
Vs Industrial sector averages: Net margin 3.6% (avg: 10%), ROE 2.0% (avg: 15%), current ratio 2.31 (avg: 1.8).