Perma-Pipe International Holdings, Inc.(PPIH)Stock Analysis
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Rank #1,244 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
PPIH Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Perma-Pipe International Holdings, Inc. (PPIH), a Industrials sector company. 13F Pro's AI-powered ranking engine scores PPIH at 54.0/100 on a 32-signal composite quality model, placing it at rank #1,244 of 2,879 stocks — the top half of the AI-ranked universe. PPIH scores in the top quartile across earnings quality (88.4). Areas of concern include revenue scale (22.3), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2027), Perma-Pipe International Holdings, Inc. reports quarterly revenue of $50.3M, net income of $1.8M, an operating margin of 9.2%. Top institutional holders of PPIH by reported 13-F value include RAYMOND JAMES FINANCIAL, DIMENSIONAL FUND ADVISORS, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. PPIH trades on the Nasdaq exchange and files with the SEC under CIK 914122. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PPIH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Perma-Pipe International Holdings, Inc. directly from SEC EDGAR. Perma-Pipe International Holdings, Inc.'s 13F Pro composite quality score has ranged between 48 and 63 since 2024, currently 54.0 — an improving long-term trajectory across 14 quarterly and live scoring snapshots.
Revenue
Q1 2027
$50.3M
Net Income
Q1 2027
$1.8M
Free Cash Flow
Q1 2027
$4.9M
Operating Margin
Q1 2027
9.2%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+33.2% YoYNet Income
+89.6% YoYOperating Income
+45.1% YoYEPS (Diluted)
+86.6% YoYTotal Assets
+31.6% YoYTotal Debt
-3.5% YoYOp. Cash Flow
-34.2% YoY| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $210.9M +33.2% | $158.4M +5.1% | $150.7M +18.0% | $127.7M -1.0% | $129.0M +22.5% | $105.2M |
| Net Income | $17.0M +89.6% | $9.0M -14.2% | $10.5M +192.8% | $3.6M +750.2% | $-550.0K +94.5% | $-10.0M |
| Operating Income | $29.4M +45.1% | $20.3M +52.0% | $13.4M +173.7% | $4.9M +79.3% | $2.7M +128.6% | $-9.5M |
| EPS (Diluted) | $2.09 +86.6% | $1.12 -13.8% | $1.30 +209.5% | $0.42 +700.0% | $-0.07 | — |
| Total Assets | $217.5M +31.6% | $165.2M +6.1% | $155.7M +38.7% | $112.2M +9.8% | $102.2M -2.3% | $104.6M |
| Total Debt | $32.5M -3.5% | $33.7M -1.0% | $34.1M +101.2% | $16.9M +2.8% | $16.5M +3.2% | $16.0M |
| Operating Cash Flow | $9.2M -34.2% | $13.9M -5.5% | $14.7M +260.2% | $4.1M -17.8% | $5.0M +370.2% | $-1.8M |
AI Insight: PPIH Financial Trends
Revenue stabilized near $50M but operating cash flow has turned negative and debt volatility signals balance-sheet strain.
• Revenue grew from $38M (Q3 2024) to $50M (Q2 2026), a 32% increase over 18 months, with Q1 2026 peak at $55M.
• Operating income margin compressed: Q2 2025 reached 17% ($8M on $47M), but Q2 2026 fell to 10% ($5M on $50M).
• Total debt spiked to $59M (Q4 2025), then fell to $33M (Q1 2026), before rising to $38M (Q2 2026) — high volatility.
⚠ Operating cash flow turned negative in Q3 2025 (–$2M) and Q1 2026 (–$7M), reversing the Q2 2025 peak of $9M.
⚠ Net income halved from $5M (Q2 2025) to $2M (Q2 2026) despite flat revenue — margin pressure persisting.
AI Insight: PPIH Ratio Trends
Profitability collapsed in Q2 2026 after volatile recovery pattern—operating margin fell to 9.2%, net margin to 3.6%, and ROIC to 14.2%, mirroring Q3 2025 weakness.
• Operating margin swung from 12.6% in Q1 2026 to 9.2% in Q2 2026, lowest since Q3 2025. Net profit margin fell to 3.6% from 8.9%.
• ROIC declined 8.4 percentage points from Q1 2026 (22.6%) to Q2 2026 (14.2%), eroding capital efficiency.
• Leverage rose to 0.41 D/E in Q2 2026 from 0.36 in Q1 2026, approaching the 0.47 peak seen in Q1 2025.
⚠ Earnings volatility persists: Q2 2025 posted 38.6% ROIC; Q3 2025 fell to 15.2%. Q2 2026 repeats pattern, suggesting seasonal or operational structural issues.
⚠ Q4 2025 data missing; cannot assess full-year trajectory or confirm whether Q2 weakness is temporary or sustained deterioration.
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Available Research
13F Pro tracks comprehensive data for Perma-Pipe International Holdings, Inc. including:
Top Institutional Holders of PPIH
RAYMOND JAMES FINANCIAL INC
$15.2M508,494 shDIMENSIONAL FUND ADVISORS LP
$11.6M388,193 shVANGUARD CAPITAL MANAGEMENT LLC
$9.6M323,690 shCALDWELL SUTTER CAPITAL, INC.
$7.0M234,238 shRENAISSANCE TECHNOLOGIES LLC
$6.2M209,093 shMILLENNIUM MANAGEMENT LLC
$5.2M173,180 shARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$4.6M154,784 shMORGAN STANLEY
$4.6M153,088 shAMERICAN CENTURY COMPANIES INC
$4.4M148,773 shROYCE & ASSOCIATES LP
$3.9M130,941 sh
| Fund | Value | Shares |
|---|---|---|
| RAYMOND JAMES FINANCIAL INC | $15.2M | 508,494 |
| DIMENSIONAL FUND ADVISORS LP | $11.6M | 388,193 |
| VANGUARD CAPITAL MANAGEMENT LLC | $9.6M | 323,690 |
| CALDWELL SUTTER CAPITAL, INC. | $7.0M | 234,238 |
| RENAISSANCE TECHNOLOGIES LLC | $6.2M | 209,093 |
| MILLENNIUM MANAGEMENT LLC | $5.2M | 173,180 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $4.6M | 154,784 |
| MORGAN STANLEY | $4.6M | 153,088 |
| AMERICAN CENTURY COMPANIES INC | $4.4M | 148,773 |
| ROYCE & ASSOCIATES LP | $3.9M | 130,941 |
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Popular Research
Is PPIH a good stock to buy?
13F Pro's AI-powered analysis of Perma-Pipe International Holdings, Inc. (PPIH) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PPIH are available on the PPIH stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own PPIH?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PPIH. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Perma-Pipe International Holdings, Inc.'s investment landscape.