Perma-Pipe International
Engineers specialty piping and leak-detection systems for energy infrastructure.
Something off on this page? Send us feedback.
Profile
Engineers and supplies pre-insulated district-energy pipe, containment pipe, pipeline coating and insulation, anti-corrosion coatings, and leak-detection systems. Its single Piping Systems segment serves engineered projects across North America, the Middle East, and other international markets.
Engineers, designs, manufactures, and sells specialty piping and leak-detection systems through its single Piping Systems segment. Core applications include pre-insulated pipe for district heating and cooling, primary and secondary containment pipe for hazardous fluids and petroleum products, and coating or insulation for oil-and-gas gathering and transmission lines.
Anti-corrosion coatings for steel pipe and fittings extend the offering. The operating model is engineered-project based, with execution across North America, the Middle East, and other international locations.
Manufacturing and operating entities span the United States, Canada, Saudi Arabia, the United Arab Emirates, Egypt, India, and Qatar. Most employees work outside the United States, reflecting the company’s international footprint.
Company facts
Key statistics
Year to date −12.7% · Average volume (30d) 74.3K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 9, 2026Q1 FY26 | $0.48 | $0.22 | −54.2% | $54.0M | — | — | +1.50% |
| Apr 16, 2026Q4 FY25 | $0.44 | $0.60 | +36.4% | $55.0M | $55.1M | +0.2% | −6.28% |
| Dec 12, 2025Q3 FY25 | — | $0.77 | — | $55.0M | $61.1M | +11.2% | −0.64% |
| Sep 15, 2025Q2 FY25 | — | $0.10 | — | — | $47.9M | — | −13.21% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $45.0M | $46.7M | $47.9M | $61.1M | $55.1M | $50.3M | |
| Gross profit | $15.2M | $16.7M | $14.4M | $21.0M | $17.3M | $14.6M | |
| Operating income | $5.4M | $7.9M | $3.2M | $11.4M | $7.0M | $4.6M | |
| Net income | $1.8M | $5.0M | $851.0K | $6.3M | $4.9M | $1.8M | |
| Diluted EPS | $0.22 | $0.61 | $0.10 | $0.77 | $0.60 | $0.22 | |
| Gross margin | 33.7% | 35.8% | 30.1% | 34.4% | 31.4% | 29.1% | |
| Operating margin | 12.1% | 16.9% | 6.7% | 18.6% | 12.6% | 9.2% |
Fiscal years (4-quarter sums)FY21 $84.7M · FY22 $138.6M · FY23 $146.3M · FY24 $158.4M · FY25 $210.9M
Balance sheet, Apr 30, 2026Cash & short-term investments $28.3M · Total debt $55.8M · Total assets $221.6M · Shareholders' equity $92.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 8.13M · Float 7.65M · 94.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Raymond James Financial Inc | 508.5K | 6.26% | 13F | May 14, 2026 |
| BlackRock, Inc. | 424.3K | 5.20% | 13G | Jul 29, 2026 |
| Dimensional Fund Advisors LP | 388.2K | 4.78% | 13F | May 7, 2026 |
| Vanguard Capital Management LLC | 323.7K | 3.98% | 13F | May 15, 2026 |
| David J. Mansfield · other: Former President & CEO | 270.9K | 3.33% | Form 4 | Aug 27, 2025 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Tenaris (ADR)
Oil and gas pipeline coatings for onshore and offshore projects
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Perma-Pipe International | $26.64 | −0.17% | $216.5M | 15.8 | 10.6 | 1.0 | +22.5% |
| Tenaris (ADR) | $54.10 | +0.26% | $28.96B | 14.7 | 14.0 | 2.3 | −5.1% |
| Median | 14.7 | 14.0 | 2.3 | −5.1% |