Filing Flows › Perma-Pipe International Holdings (PPIH) › Q1 FY27 › vs Q1 FY26
Perma-Pipe International Holdings (PPIH) Q1 FY27 vs Q1 FY26 (year over year)
Perma-Pipe International Holdings's revenue rose $3.5M (+8%) from $46.7M in Q1 FY26 to $50.3M in Q1 FY27. Gross margin 29.1% against 35.8% (-6.7 pts).
Perma-Pipe International Holdings, Q1 FY27: revenue $50.3M (+8% year over year), operating margin 9.2%, net earnings $1.8M, operating cash flow $6.1M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 29.1% | 35.8% | -6.7 pts |
| Operating margin | 9.2% | 16.9% | -7.7 pts |
| Net margin | 3.6% | 10.6% | -7.0 pts |
| Free cash flow margin | 9.7% | -0.4% | +10.1 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $50.3M | $46.7M | $3.5M | +8% |
| Gross profit | $14.6M | $16.7M | −$2.1M | -12% |
| Cost of revenue | $35.6M | $30.0M | $5.6M | +19% |
| Operating profit | $4.6M | $7.9M | −$3.3M | -41% |
| Operating expenses | $10.0M | $8.8M | $1.2M | +13% |
| Pre-tax earnings | $3.9M | $7.4M | −$3.5M | -47% |
| Other expense, net | $715K | $453K | $262K | +58% |
| Sales & marketing | $1.2M | $1.1M | $78K | +7% |
| General & admin | $8.8M | $7.7M | $1.1M | +14% |
| Net earnings | $1.8M | $5.0M | −$3.2M | -64% |
| Minority interests | $789K | $902K | −$113K | -13% |
| Income tax | $1.3M | $1.6M | −$250K | -16% |
| Depreciation & amortization | $1.6M | $937K | $645K | +69% |
| Share-based compensation | $180K | $224K | −$44K | -20% |
| Working capital & other | $2.5M | −$5.4M | $7.9M | — |
| Operating cash flow | $6.1M | $733K | $5.4M | +734% |
| Free cash flow (OCF − capex) | $4.9M | −$194K | $5.0M | — |
| Capital expenditures | $1.3M | $927K | $327K | +35% |
Questions
How much did Perma-Pipe International Holdings's revenue grow year over year in Q1 FY27?
Perma-Pipe International Holdings's revenue rose $3.5M (+8%) from $46.7M in Q1 FY26 to $50.3M in Q1 FY27. Gross margin 29.1% against 35.8% (-6.7 pts).