Filing Flows › Perma-Pipe International Holdings (PPIH) › Q2 FY27 › vs Q2 FY26
Perma-Pipe International Holdings (PPIH) Q2 FY27 vs Q2 FY26 (year over year)
Perma-Pipe International Holdings's revenue rose $11.7M (+24%) from $47.9M in Q2 FY26 to $59.6M in Q2 FY27. Gross margin 29.2% against 30.1% (-0.9 pts).
Perma-Pipe International Holdings, Q2 FY27: revenue $59.6M (+24% year over year), operating margin 7.1%, net earnings $2.5M, operating cash flow $7.2M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 29.2% | 30.1% | -0.9 pts |
| Operating margin | 7.1% | 6.7% | +0.5 pts |
| Net margin | 4.3% | 1.8% | +2.5 pts |
| Free cash flow margin | 8.9% | -9.6% | +18.4 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $59.6M | $47.9M | $11.7M | +24% |
| Gross profit | $17.4M | $14.4M | $3.0M | +21% |
| Cost of revenue | $42.2M | $33.5M | $8.7M | +26% |
| Operating profit | $4.3M | $3.2M | $1.1M | +33% |
| Operating expenses | $13.2M | $11.2M | $1.9M | +17% |
| Pre-tax earnings | $3.9M | $2.8M | $1.1M | +41% |
| Other expense, net | $385K | $436K | −$51K | -12% |
| Sales & marketing | $1.3M | $1.2M | $80K | +7% |
| General & admin | $11.9M | $10.0M | $1.8M | +18% |
| Net earnings | $2.5M | $851K | $1.7M | +199% |
| Minority interests | $717K | $411K | $306K | +74% |
| Income tax | $604K | $1.5M | −$885K | -59% |
| Depreciation & amortization | $1.7M | $957K | $698K | +73% |
| Share-based compensation | $233K | $1.5M | −$1.2M | -84% |
| Working capital & other | $2.8M | −$5.3M | $8.1M | — |
| Operating cash flow | $7.2M | −$2.0M | $9.3M | — |
| Free cash flow (OCF − capex) | $5.3M | −$4.6M | $9.9M | — |
| Capital expenditures | $2.0M | $2.6M | −$591K | -23% |
Questions
How much did Perma-Pipe International Holdings's revenue grow year over year in Q2 FY27?
Perma-Pipe International Holdings's revenue rose $11.7M (+24%) from $47.9M in Q2 FY26 to $59.6M in Q2 FY27. Gross margin 29.2% against 30.1% (-0.9 pts).