MarketCap
Facebook
X
Telegram
Perma-Pipe International Holdings Income Statement 2026-2010 | PPIH
Brief overview of profit and loss at Perma-Pipe International Holdings
The conclusions below are based on five years of reported results. Perma-Pipe International Holdings reported revenue of $84.7 million in 2021 and $211 million by 2026. Across the full period, sales moved by +149%; the average annual rate was 20%. This pace points to rapid expansion of the business.
The five-year change in gross profit reached +521.6%: from $11.2 million to $69.5 million. Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. The gross margin was 13.2% at the start and 32.9% at the end. The expansion indicates stronger pricing power or better control of direct costs.
The five-year EBITDA result moved by +617.6%: from −6.6 million dollars to 34.4 million dollars. Operating profitability strengthened faster than the scale of sales. EBITDA margin moved from −7.8% to 16.3%. A wider margin confirms stronger operating efficiency.
Net income moved from −$7.6 million at the start to $17 million at the end. The company restored profitability by the end of the period.
Market value was $65 million at the start and $260 million at the end. The share-price trend was broadly consistent with improving results.
What the figures show
Most key measures improved without a pronounced weak signal. The strongest signals are net-income growth, a larger revenue base and better sales economics. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Perma-Pipe International Holdings
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
260 M | 89.7 M | 63.4 M | 86.5 M | 87.9 M | 65 M | 69.7 M | 68 M | 68 M | 61.8 M | 53.1 M | 45.6 M | 109 M | 49.9 M | 55.6 M | 80.7 M | - |
Shares |
8.05 M | 7.96 M | 7.98 M | 7.98 M | 8.11 M | 8.13 M | 7.99 M | 7.81 M | 7.68 M | 7.49 M | 7.28 M | 7.25 M | 7.03 M | 6.92 M | 6.88 M | 6.84 M | - |
Historical Prices |
32.3 | 11.3 | 7.95 | 10.8 | 10.8 | 8.85 | 6.61 | 8.73 | 8.64 | 8.85 | 8.05 | 7.13 | 6.45 | 15.5 | 7.35 | 8.11 | |
Net Income |
17 M | 17 M | 8.98 M | 10.5 M | 6.06 M | -7.64 M | 3.58 M | -529 K | -9.98 M | -11.7 M | -4.41 M | -256 K | 21 M | -18.5 M | -4.99 M | 4.51 M | - |
Revenue |
211 M | 158 M | 151 M | 143 M | 139 M | 84.7 M | 128 M | 129 M | 105 M | 98.8 M | 123 M | 195 M | 227 M | 212 M | 233 M | 219 M | - |
Cost of Revenue |
141 M | 105 M | 109 M | 104 M | 106 M | 73.5 M | 98.6 M | 106 M | 93.5 M | - | - | - | - | - | - | - | - |
Gross Profit |
69.5 M | 53.2 M | 41.5 M | 38.3 M | 32.5 M | 11.2 M | 29 M | 23.3 M | 11.7 M | 11.7 M | 26.7 M | 38.5 M | 52.2 M | 38.1 M | 36.3 M | 44.5 M | - |
Operating Income |
29.4 M | 20.3 M | 13.4 M | 11.1 M | 8.11 M | -11.4 M | 4.88 M | 2.72 M | -9.51 M | -11.6 M | 2.88 M | 5.85 M | 13.1 M | -8.82 M | -5.06 M | 2.9 M | - |
Interest Expense |
2.12 M | 2.22 M | 2.43 M | 2.24 M | 918 K | 649 K | 1.11 M | 1.29 M | 808 K | 746 K | 950 K | 1.04 M | 1.86 M | 2.01 M | 2.16 M | 1.99 M | - |
EBITDA |
34.4 M | 23.9 M | 17.2 M | 14.8 M | 12.4 M | -6.64 M | 10.4 M | 7.32 M | -4.48 M | -5.27 M | 8.81 M | 8.1 M | 18.9 M | -1.46 M | 491 K | 8.97 M | - |
Operating Expenses |
40 M | 32.9 M | 28.1 M | 27.2 M | 24.4 M | 22.6 M | 23.1 M | 20.6 M | 21.3 M | 22.5 M | 23.9 M | 36.3 M | 39.1 M | 45.4 M | 41.4 M | 41.6 M | - |
General and Administrative Expenses |
35.3 M | 28 M | 22.6 M | 22 M | 19.9 M | 17.2 M | 17.9 M | 15.4 M | 16.2 M | 16.8 M | 18.9 M | 24.2 M | 28.1 M | 30.2 M | 26.3 M | 27.9 M | - |
All numbers in USD currency
Quarterly Income Statement Perma-Pipe International Holdings
| 2027-Q1 | 2026-Q3 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
8.12 M | 8.09 M | 7.98 M | 8.01 M | 7.98 M | 7.98 M | 7.98 M | 7.95 M | 7.91 M | 8.02 M | 7.96 M | 8.03 M | 8 M | 8 M | 8 M | 7.98 M | 7.92 M | 8.16 M | 8.13 M | 8.15 M | 8.16 M | 8.05 M | 8.16 M | 8.13 M | 8.05 M | 7.85 M | 8.04 M | 7.89 M | 7.89 M | 7.72 M | 7.88 M | 7.82 M | 7.72 M | 7.6 M | 7.71 M | 7.68 M | 7.61 M | 7.31 M | 7.54 M | 7.48 M | 7.35 M | 7.29 M | 7.29 M | 7.28 M | 7.25 M | 7.17 M | 7.29 M | 7.25 M | 7.18 M | 6.92 M | 7.07 M | 6.98 M | 6.93 M | 6.91 M | 6.92 M | 6.92 M | 6.92 M | 6.85 M | 6.88 M | 6.86 K | - |
Net Income |
1.8 M | 6.32 M | 2.49 M | 851 K | 4.95 M | - | 2.49 M | 3.29 M | 1.44 M | - | 1.94 M | 1.02 M | -1.12 M | - | 1.73 M | 1.87 M | -885 K | - | 495 K | 3.42 M | -843 K | - | -2.85 M | 267 K | -2.52 M | - | -145 K | 3.72 M | -1.5 M | - | -132 K | -275 K | -1.12 M | - | -3.29 M | -1.7 M | -3.49 M | - | -3.9 M | 99 K | -6.29 M | - | 6.11 M | -2.39 M | -4.66 M | - | -372 K | 1.36 M | 3.83 M | - | 7.39 M | 4.4 M | 11.1 M | - | 455 K | -1.36 M | -2.06 M | - | 686 K | -1.84 M | -1.49 M |
Revenue |
50.3 M | 61.1 M | 41.6 M | 47.9 M | 46.7 M | - | 41.6 M | 37.5 M | 34.3 M | - | 45.7 M | 35.1 M | 29.7 M | - | 37.9 M | 37 M | 31.2 M | - | 35.2 M | 39.8 M | 24.4 M | - | 20.3 M | 20.4 M | 22.7 M | - | 34.5 M | 36.7 M | 24.3 M | - | 32.8 M | 32.3 M | 28.9 M | - | 27.5 M | 26.9 M | 23.5 M | - | 25.3 M | 22.9 M | 23.1 M | - | 47 M | 25.1 M | 20.3 M | - | 43.8 M | 53.4 M | 59.5 M | - | 58 M | 60.8 M | 54.7 M | - | 47.2 M | 42.9 M | 44.5 M | - | 71.3 M | 64 M | 53.4 M |
Cost of Revenue |
35.6 M | 40.1 M | 27.5 M | 33.5 M | 30 M | - | 27.5 M | 24 M | 23.8 M | - | 32.5 M | 25.7 M | 22.9 M | - | 26.8 M | 27.1 M | 24.2 M | - | 27.6 M | 29.1 M | 19.9 M | - | 17.4 M | 18 M | 19.3 M | - | 26.8 M | 27 M | 19.6 M | - | 25.9 M | 26.4 M | 24.7 M | - | 24.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
14.6 M | 21 M | 14.1 M | 14.4 M | 16.7 M | - | 14.1 M | 13.5 M | 10.5 M | - | 13.2 M | 9.46 M | 6.77 M | - | 11.1 M | 9.89 M | 7.05 M | - | 7.63 M | 10.7 M | 4.5 M | - | 2.94 M | 2.36 M | 3.47 M | - | 7.64 M | 9.65 M | 4.72 M | - | 6.88 M | 5.89 M | 4.22 M | - | 3.32 M | 3.06 M | 1.78 M | - | 3.7 M | 2.98 M | 1.99 M | - | 14.3 M | 3.13 M | 2.36 M | - | 6.72 M | 10.5 M | 16 M | - | 16.9 M | 13.4 M | 12.7 M | - | 8.68 M | 7.58 M | 6.83 M | - | 12.4 M | 10.8 M | 8.24 M |
Operating Income |
4.64 M | 11.4 M | 5.59 M | 3.19 M | 7.89 M | - | 5.59 M | 6.14 M | 3.13 M | - | 6.04 M | 2.69 M | 75 K | - | 4.54 M | 3.32 M | 160 K | - | 1.69 M | 4.09 M | -941 K | - | -2.76 M | -3.46 M | -2.48 M | - | 1.65 M | 3.42 M | -980 K | - | 1.08 M | 648 K | -899 K | - | -2.29 M | -2.1 M | -3.82 M | - | -1.18 M | -2.19 M | -4.5 M | - | 7.52 M | -2.53 M | -3.57 M | - | -1.24 M | 1.8 M | 5.71 M | - | 6.79 M | 4.77 M | 2.53 M | - | 185 K | -603 K | -2.3 M | - | 2.23 M | 88 K | -1.64 M |
Interest Expense |
-110 K | -6 K | -50 K | -21 K | -47 K | - | -50 K | -38 K | -67 K | - | -502 K | 81 K | 72 K | - | -948 K | -62 K | 49 K | - | 98 K | 457 K | 441 K | - | -2 K | 3.74 M | -65 K | - | 95 K | 241 K | -210 K | - | -280 K | -284 K | -266 K | - | 225 K | 193 K | 165 K | - | 164 K | 139 K | 253 K | - | 247 K | 172 K | 196 K | - | 432 K | 391 K | 352 K | - | 409 K | 510 K | 585 K | - | 592 K | 518 K | 501 K | - | 584 K | 551 K | -287 K |
EBITDA |
6.22 M | 14.3 M | 8.27 M | - | 8.83 M | - | - | - | 3.96 M | - | - | - | 990 K | - | 7.32 M | 5.25 M | 1.16 M | - | 4.95 M | 6.35 M | 181 K | - | 852 K | -1.21 M | -1.37 M | - | 5 M | 5.72 M | 174 K | - | 4.56 M | 2.99 M | 284 K | - | 1.48 M | 404 K | -2.6 M | - | 3.08 M | 640 K | -3.06 M | - | 11.9 M | 373 K | -2.15 M | - | 3.06 M | 4.69 M | 7.14 M | - | 11.3 M | 7.78 M | 4.06 M | - | 4.56 M | 2.19 M | -933 K | - | 6.52 M | 2.95 M | -211 K |
Operating Expenses |
10 M | 9.6 M | 8.5 M | 11.2 M | 8.84 M | - | 8.5 M | 7.33 M | 7.38 M | - | 7.14 M | 6.77 M | 6.7 M | - | 6.59 M | 6.56 M | 6.89 M | - | 5.94 M | 6.66 M | 5.45 M | - | 5.7 M | 5.82 M | 5.95 M | - | 5.99 M | 6.23 M | 5.7 M | - | 5.8 M | 5.24 M | 5.12 M | - | 5.61 M | 5.16 M | 5.6 M | - | 4.87 M | 5.17 M | 6.5 M | - | 6.79 M | 5.66 M | 5.92 M | - | 7.96 M | 8.75 M | 10.3 M | - | 10.1 M | 8.66 M | 10.2 M | - | 8.49 M | 8.19 M | 9.13 M | - | 10.2 M | 10.7 M | - |
General and Administrative Expenses |
8.84 M | 8.35 M | 7.33 M | 10 M | 7.75 M | - | 7.33 M | 5.98 M | 6.15 M | - | 5.67 M | 5.28 M | 5.46 M | - | 5.28 M | 5.25 M | 5.65 M | - | 4.64 M | 5.6 M | 4.4 M | - | 4.53 M | 4.49 M | 4.3 M | - | 4.64 M | 4.81 M | 4.44 M | - | 4.25 M | 3.92 M | 3.98 M | - | 4.31 M | 3.86 M | 4.29 M | - | 3.49 M | 3.72 M | 5.09 M | - | 5.49 M | 4.23 M | 4.71 M | - | 5.29 M | 6.71 M | 7.42 M | - | 7.55 M | 6.36 M | 6.86 M | - | 5.76 M | 5.32 M | 6.6 M | - | 6.46 M | 6.62 M | 6.39 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Perma-Pipe International Holdings (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
USA
Canada
Peru
Mexico
Irlanda
China
Argentina
Israel
Colombia
