Perma-Pipe International Holdings, Inc. (PPIH) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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PPIH Revenue Growth
Revenue Breakdown (FY 2016)
PPIH's revenue distribution by segment and geography for fiscal year 2016
By Product/Segment
By Geography
PPIH Revenue Analysis (2013–2024)
As of May 8, 2026, Perma-Pipe International Holdings, Inc. (PPIH) generated trailing twelve-month (TTM) revenue of $200.8 million, reflecting explosive growth of +47.1% year-over-year. The most recent quarter (Q3 2025) recorded $61.1 million in revenue, up 27.7% sequentially.
Looking at the longer-term picture, PPIH's 5-year compound annual growth rate (CAGR) stands at +4.4%, indicating moderate growth over time. The company achieved its highest annual revenue of $226.8 million in 2013.
Revenue diversification analysis shows PPIH's business is primarily driven by Piping Systems (100%). With over half of revenue concentrated in Piping Systems, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including IIIN (+26.2% YoY), NWPX (+10.6% YoY), and PRIM (+13.4% YoY), PPIH has outperformed the peer group in terms of revenue growth. Compare PPIH vs IIIN →
PPIH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PPIHCurrent | $201M | +47.1% | +4.4% | 12.8% | |
 IIIN | $648M | +26.2% | +6.5% | 8.4% | |
 NWPX | $526M | +10.6% | +13.0% | 9.7% | |
 PRIM | $7.6B | +13.4% | +16.8% | 5.5% | |
 MYRG | $3.7B | +13.1% | +10.2% | 4.4% | |
 GLDD | $888M | +16.5% | +3.9% | 14.1% |
PPIH Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $158.4M | +5.1% | $53.2M | 33.6% | $20.3M | 12.8% |
| 2023 | $150.7M | +5.7% | $41.5M | 27.5% | $13.4M | 8.9% |
| 2022 | $142.6M | +2.9% | $38.3M | 26.9% | $11.1M | 7.8% |
| 2021 | $138.6M | +63.6% | $32.5M | 23.5% | $8.1M | 5.9% |
| 2020 | $84.7M | -33.7% | $11.2M | 13.2% | $-11,377,000 | -13.4% |
| 2019 | $127.7M | -1.0% | $29.0M | 22.8% | $4.9M | 3.8% |
| 2018 | $129.0M | +22.5% | $23.3M | 18.1% | $2.7M | 2.1% |
| 2017 | $105.2M | +6.5% | $11.7M | 11.2% | $-9,512,000 | -9.0% |
| 2016 | $98.8M | -19.4% | $11.7M | 11.9% | $-11,584,000 | -11.7% |
| 2015 | $122.7M | -37.0% | $26.7M | 21.8% | $2.9M | 2.3% |
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Start ComparisonPPIH — Frequently Asked Questions
Quick answers to the most common questions about buying PPIH stock.
Is PPIH's revenue growth accelerating or slowing?
PPIH revenue is accelerating at +47.1% year-over-year, exceeding the 5-year CAGR of +4.4%. TTM revenue reached $201M. Growth momentum has increased versus prior periods.
What is PPIH's long-term revenue growth rate?
Perma-Pipe International Holdings, Inc.'s 5-year revenue CAGR of +4.4% reflects the sustained expansion pattern. Current YoY growth of +47.1% is above this long-term average.
How is PPIH's revenue distributed by segment?
PPIH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.