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Perma-Pipe International (PPIH)
NASDAQ:PPIH
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Perma-Pipe International Holdings (PPIH) Price & Analysis

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PPIH Stock Chart & Stats

$32.14
$0.16(1.15%)
At close: 4:00 PM EST
$32.14
$0.16(1.15%)

Bulls Say, Bears Say

Bulls Say
Revenue MomentumSustained, large top-line growth (TTM revenue up ~167% vs prior year) indicates successful project wins and expanding market traction in district energy and infrastructure. Over 2–6 months this higher scale supports operating leverage, backlog conversion, and stronger negotiating power on future projects.
Margin Profile & ReturnsHealthy gross and operating margins alongside a ~20% TTM ROE reflect durable unit economics and effective pricing on engineered systems. These metrics indicate the business can sustain profitability across projects, enabling reinvestment into manufacturing, R&D, and service capabilities over the medium term.
Improved Leverage & Liquidity AccessLowered debt-to-equity (~0.40) and an $18M asset-based revolver provide structural financial flexibility. Manageable leverage reduces refinancing risk and, paired with a borrowing base tied to receivables/inventory, supports working-capital funding for project execution and growth initiatives over coming quarters.
Bears Say
Weak Cash ConversionEarnings are not consistently translating into cash: FCF is only a fraction of net income and fell sharply year-over-year. Persistent weak cash conversion forces reliance on external liquidity, raises working-capital risk on large projects, and limits internally funded growth or buffer against downturns.
Balance-sheet VolatilityMarked swings in total assets point to lumpy receivables, inventory and project timing typical in construction-related businesses. This volatility complicates forecasting, can strain covenant compliance, and increases the probability of short-term liquidity squeezes during large project deliveries or payment delays.
Project Timing & Margin VariabilityA project-based revenue model creates lumpy recognition and exposes margins to contract mix and timing. Recent margin compression despite revenue growth highlights sensitivity to project execution, input costs, and pricing, making long-term margin predictability and cash yield less certain.

Perma-Pipe International Holdings News

PPIH FAQ

What was Perma-Pipe International’s price range in the past 12 months?
Perma-Pipe International lowest stock price was $20.83 and its highest was $36.72 in the past 12 months.
    What is Perma-Pipe International’s market cap?
    Perma-Pipe International’s market cap is $206.88M.
      When is Perma-Pipe International’s upcoming earnings report date?
      Perma-Pipe International’s upcoming earnings report date is Sep 09, 2026 which is in 67 days.
        How were Perma-Pipe International’s earnings last quarter?
        Perma-Pipe International released its earnings results on Apr 16, 2026. The company reported $0.6 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.16.
          Is Perma-Pipe International overvalued?
          According to Wall Street analysts Perma-Pipe International’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Perma-Pipe International pay dividends?
            Perma-Pipe International does not currently pay dividends.
            What is Perma-Pipe International’s EPS estimate?
            Perma-Pipe International’s EPS estimate is 0.55.
              How many shares outstanding does Perma-Pipe International have?
              Perma-Pipe International has 8,125,713 shares outstanding.
                What happened to Perma-Pipe International’s price movement after its last earnings report?
                Perma-Pipe International reported an EPS of $0.6 in its last earnings report, beating expectations of $0.44. Following the earnings report the stock price went down -5.549%.
                  Which hedge fund is a major shareholder of Perma-Pipe International?
                  Currently, no hedge funds are holding shares in PPIH
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Perma-Pipe International

                    Perma-Pipe International Holdings, Inc., along with its subsidiaries, specializes in the engineering, design, manufacturing, and sale of specialized piping and leak detection solutions. Its product portfolio includes jacketed district heating and cooling pipeline systems, facilitating energy distribution from centralized power plants to diverse destinations. The company also provides primary and secondary containment piping systems, crucial for the secure transport of chemicals, hazardous liquids, and petroleum products. Additionally, Perma-Pipe undertakes the coating and insulation of oil and gas gathering and transmission pipelines. They offer liquid and powder-based anti-corrosion coatings for both the exterior and interior surfaces of steel pipes, including complex components like bends, reducers, tees, and various spools/fittings, which are utilized in pipelines for conveying oil and gas products as well as potable water. Maintaining a global presence, the company operates across the United States, Canada, the Middle East, Europe, India, and other international markets. Incorporated in 1993, the entity was formerly known as MFRI, Inc. before adopting the name Perma-Pipe International Holdings, Inc. in March 2017. Its corporate headquarters are situated in Niles, Illinois.

                    Perma-Pipe International Holdings (PPIH) Earnings & Revenues

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                    Ownership Overview

                    4.87%9.99%12.12%62.29%
                    12.12% Other Institutional Investors
                    62.29% Public Companies and
                    Individual Investors

                    Options Prices

                    Currently, No data available
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