Stocks · Industrials · Industrial - Machinery
Perma-Pipe International Holdings, Inc. PPIH
$31.86 +1.72% Close, Oct 2, 2026 · NASDAQ · Market cap $258.9M
Strong growthHigh qualityInexpensive vs sector
Next earnings report: Dec 10, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $1.90, up 53.2% year over year.
- Revenue over the last four quarters was $226.1M, up 24.8% from a year earlier.
- The shares trade at 16.8× trailing earnings, higher than 80% of the company's own readings over the past five years.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 18%
- EPS growth (TTM, YoY)Top 20%
- FCF growth (TTM, YoY)Top 10%
- Revenue growth, 3-year CAGRTop 21%
- Revenue growth accelerationBottom 25%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 18%
- Gross marginTop 43%
- Operating marginTop 29%
- Cash conversion (OCF / net income)Top 49%
- Accruals (lower is better)Bottom 45%
- Net debt / EBITDA (lower is better)Top 28%
- Interest coverTop 20%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 11%
- Free-cash-flow yieldTop 29%
- EBITDA / enterprise valueTop 11%
- Sales / enterprise valueTop 29%
- P/E vs own 5-year history (lower is better)Bottom 29%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 42%
- 6-month returnTop 50%
- 1-year return vs S&P 500Top 27%
- Distance from 52-week highTop 22%
- Trend checklist (0–4)Top 27%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 16%
- Consecutive EPS beatsBottom 16%
- Upside to consensus price targetBottom 22%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 32%
- Maximum drawdown, 3 yearsTop 40%
- Beta vs S&P 500 (lower is better)Bottom 43%
- Net debt / EBITDA (lower is better)Top 28%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 25.5% | 24.8% | ↓ |
| EPS growth (YoY) | 9.7% | 53.2% | ↑ |
| Gross margin | 33.3% | 31.1% | ↓ |
| Operating margin | 12.2% | 12.1% | ↓ |
| FCF margin | 2.6% | 6.0% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 24.8% | 25.5% | ↓ | Top 18% |
| EPS growth (TTM, YoY) | 53.2% | 9.7% | ↑ | Top 20% |
| Gross margin | 31.1% | 33.3% | ↓ | Top 43% |
| Operating margin | 12.1% | 12.2% | ↓ | Top 29% |
| Net margin | 6.9% | 5.5% | ↑ | — |
| Free-cash-flow margin | 6.0% | 2.6% | ↑ | — |
| Return on invested capital | 12.3% | — | Top 18% | |
| Revenue growth, 3-year CAGR | 13.9% | — | Top 21% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.53×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.6%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -6.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.64×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 12.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 0.00%
- Shareholder yield
- 0.00%
- Share count change, 1 year
- +1.6%
- Share count change, 3-year CAGR
- +0.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jul 31, 2026 (filed Sep 9, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 1 of 8
- Average EPS surprise, last 4
- -37.5%
- Average 2-day reaction, last 8
- -0.9%
- Positive 20 days after report
- 4 of 7
Analysts
- Consensus price target
- $36.00
- Target vs current price
- +13.0%
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Sep 9, 2026 | -43.6% | +1.5% | +2.1% | — | — |
| Jun 9, 2026 | -54.2% | -19.2% | -14.5% | -21.8% | -12.8% |
| Apr 16, 2026 | +36.4% | -5.5% | -12.7% | -4.8% | -27.9% |
| Dec 12, 2025 | — | +11.3% | +10.1% | +9.7% | +0.2% |
| Sep 15, 2025 | — | -15.5% | -23.1% | -18.9% | -10.5% |
| Jun 13, 2025 | — | +18.9% | +42.1% | +62.7% | +112.1% |
| May 1, 2025 | — | -6.4% | +6.7% | +12.6% | +102.1% |
| Dec 23, 2024 | — | +7.6% | +12.9% | +20.5% | +2.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Sep 9, 2026 | $0.31 | $0.55 | -43.6% | $59.6M |
| Jun 9, 2026 | $0.22 | $0.48 | -54.2% | $50.3M |
| Apr 16, 2026 | $0.60 | $0.44 | +36.4% | $55.1M |
| Dec 12, 2025 | $0.77 | — | — | $61.1M |
| Sep 15, 2025 | $0.10 | — | — | $47.9M |
| Jun 13, 2025 | $0.61 | — | — | $46.7M |
| May 1, 2025 | $0.27 | — | — | $45.0M |
| Dec 23, 2024 | $0.31 | — | — | $41.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 16.8× | 14.4× | 80th | Top 11% |
| P/E (forward) | 21.0× | — | — | — |
| EV / EBITDA | 8.4× | — | — | Top 11% |
| EV / Sales | 1.24× | — | — | Top 29% |
| Free-cash-flow yield | 5.27% | — | — | Top 29% |
| Earnings yield | 5.96% | — | — | Top 11% |
P/E over the past five years
Range 5.6× – 146.5× since Oct 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +37.2%
- Earnings per share growth (TTM)
- +53.2%
- Change in P/E multiple
- -26.4%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 37
- Days above the 200-day average
- 16
- 50-day average slope (20 days)
- +7.3%
- 200-day average slope (20 days)
- +1.3%
- Distance from 50-day average
- +14.2%
- Distance from 200-day average
- +7.1%
- RSI (14)
- 66.6
- Relative volume
- 0.74×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 34.7%
- Volatility vs own 5-year history
- 15th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.14
- Correlation with S&P 500
- 0.29
- Current drawdown from 1-year high
- -9.7%
- Maximum drawdown, 3 years
- -45.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| May 25, 2022 | Nov 13, 2023 | -58.5% | 369 days | 257 days (Nov 20, 2024) |
| Dec 11, 2024 | Apr 8, 2025 | -45.8% | 79 days | 46 days (Jun 13, 2025) |
| Apr 14, 2026 | Jul 29, 2026 | -34.2% | 73 days | Not yet recovered |
| Sep 10, 2025 | Sep 23, 2025 | -31.4% | 9 days | 66 days (Dec 26, 2025) |
| Oct 20, 2021 | Dec 15, 2021 | -18.7% | 39 days | 21 days (Jan 14, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $258.9M
- P/E (TTM)
- 16.8
- EPS, diluted (TTM)
- $1.90
- Revenue (TTM)
- $226.1M
- 52-week range
- $22.13 – $36.72
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $138.6M | $142.6M | $150.7M | $158.4M | $210.9M |
| Gross profit | $32.5M | $38.3M | $41.5M | $53.2M | $69.5M |
| Operating income | $8.1M | $11.1M | $13.4M | $20.3M | $29.4M |
| Net income | $6.1M | $5.9M | $10.5M | $9.0M | $17.0M |
| EPS (diluted) | $0.72 | $0.73 | $1.30 | $1.12 | $2.09 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $41.6M | $45.0M | $46.7M | $47.9M | $61.1M | $55.1M | $50.3M | $59.6M |
| Net income | $2.5M | $1.8M | $5.0M | $851,000 | $6.3M | $4.9M | $1.8M | $2.5M |
| EPS (diluted) | $0.31 | $0.22 | $0.61 | $0.10 | $0.77 | $0.60 | $0.22 | $0.31 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$2.6M | -$1.2M | $14.7M | $13.9M | $9.2M |
| Capital expenditure | -$2.3M | -$7.0M | -$11.1M | -$2.9M | -$10.4M |
| Free cash flow | -$4.8M | -$8.2M | $3.6M | $11.1M | -$1.3M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$2.2M | -$275,000 | -$942,000 | -$179,000 | -$509,000 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $31.8M
- Total assets
- $232.6M
- Total liabilities
- $121.6M
- Total debt
- $53.0M
- Net debt
- $21.3M
- Shareholders’ equity
- $93.5M
As of Jul 31, 2026 (filed Sep 9, 2026).
Short interest
- Shares sold short
- 451,843
- Days to cover
- 3.89
- Change vs previous report
- -9.5%
FINRA short interest, settlement date Sep 15, 2026.