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Donaldson vs Perma-Pipe International Holdings: DCI and PPIH compared
Donaldson is the larger company: $1.1B of revenue in its latest quarter (Q4 FY26) against $59.6M for Perma-Pipe International Holdings (Q2 FY27). Perma-Pipe International Holdings is growing faster (+24% against +8% a year earlier). Donaldson is more profitable, with an operating margin of 16.7% against 7.1%.
Where the money goes: DCI and PPIH
Donaldson (DCI) · Q4 FY26
Donaldson, Q4 FY26: revenue $1.1B (+8% year over year), operating margin 16.7%, net earnings $129M, operating cash flow $200M. The chart follows the revenue to costs, profit and cash.
Perma-Pipe International Holdings (PPIH) · Q2 FY27
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 follows the revenue to costs, profit and cash.
| Donaldson (DCI) | Perma-Pipe International Holdings (PPIH) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q2 FY27 |
| Revenue | $1.1B | $59.6M |
| Revenue growth, Y/Y | +8% | +24% |
| Gross margin | 36.3% | 29.2% |
| Operating margin | 16.7% | 7.1% |
| Net earnings | $129M | $2.5M |
| Net margin | 12.2% | 4.3% |
| Operating cash flow | $200M | $7.2M |
| Free cash flow | $185M | $5.3M |
| Market value | $10.0B | — |
| P/E | 21.9× | — |
| Analysts’ mean target | $100.40 | — |
Questions
Which is bigger, Donaldson or Perma-Pipe International Holdings?
Donaldson is the larger company: $1.1B of revenue in its latest quarter (Q4 FY26) against $59.6M for Perma-Pipe International Holdings (Q2 FY27).
Is Donaldson or Perma-Pipe International Holdings growing faster?
Perma-Pipe International Holdings is growing faster (+24% against +8% a year earlier).
Which is more profitable, Donaldson or Perma-Pipe International Holdings?
Donaldson is more profitable, with an operating margin of 16.7% against 7.1%.
More: Donaldson earnings · how Donaldson makes money · Perma-Pipe International Holdings earnings · how Perma-Pipe International Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Sep 25, 2026; 10-Q filed Sep 9, 2026). Fiscal quarters can end on different dates. Not investment advice.