Filing Flows › Perma-Pipe International Holdings (PPIH) › How it makes money
How Perma-Pipe International Holdings (PPIH) makes money
Perma-Pipe International Holdings (PPIH) made $59.6M of revenue in the second quarter fiscal 2027 (Q2 FY27), +24% from a year earlier. Of every dollar of revenue, 29¢ was left as gross profit, 7¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 FY27 | % of revenue |
|---|---|---|
| Revenue | $59.6M | 100.0% |
| Cost of revenue | $42.2M | 70.8% |
| Gross profit | $17.4M | 29.2% |
| Operating expenses | $13.2M | 22.1% |
| Operating profit | $4.3M | 7.1% |
| Income tax | $604K | 1.0% |
| Net earnings | $2.5M | 4.3% |
| Operating cash flow | $7.2M | 12.1% |
| Free cash flow | $5.3M | 8.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 FY27 | $59.6M | +24% |
| Q1 FY27 | $50.3M | +8% |
| Q4 FY26 | $55.1M | +22% |
| Q3 FY26 | $61.1M | +47% |
| Q2 FY26 | $47.9M | +28% |
| Q1 FY26 | $46.7M | +36% |
| Q4 FY25 | $45.0M | +12% |
From Perma-Pipe International Holdings' 10-Q filed Sep 9, 2026 (on EDGAR).
Questions
How does Perma-Pipe International Holdings make money?
Perma-Pipe International Holdings (PPIH) made $59.6M of revenue in the second quarter fiscal 2027 (Q2 FY27), +24% from a year earlier. Of every dollar of revenue, 29¢ was left as gross profit, 7¢ was left as operating profit, 4¢ was left as net earnings.
What is Perma-Pipe International Holdings' profit margin?
Net earnings were $2.5M, 4.3% of revenue, in the second quarter fiscal 2027; the operating margin was 7.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.