Event-Driven Stocks

Perma-Pipe International Holdings, Inc.

PPIHNasdaq

Industrials · Industrial & Commercial Fans & Blowers & Air Purifing Equip · DE · SEC filings ↗ · Compare ⊕

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Signs● 5 good● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY26FY25FY24FY23FY22FY21
Revenue$210.9M$158.4M$150.7M$142.6M$138.6M$84.7M
Operating income$29.4M$20.3M$13.4M$11.1M$8.1M−$11.4M
Net income$17.0M$9.0M$10.5M$5.9M$6.1M−$7.6M
Total assets$217.5M$165.2M$155.7M$123.0M$123.4M$102.7M
Total liabilities——————
Equity$90.6M$72.1M$65.7M$57.8M$54.5M$49.3M
EPS (diluted)$2.09$1.12$1.30$0.73$0.72$-0.94
Shares out.8.1M8.0M8.0M8.0M8.2M8.2M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2026
Operating margin
14.0%
Net margin
8.1%
Return on equity
18.8%
Return on assets
7.8%
Return on capital (ROCE)
21.4%
Liabilities / assets
—
Debt / equity
—
Book value / share
$11.16
Revenue growth (YoY)
33.2%
Net income growth (YoY)
89.6%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2026
Accruals / assets
3.6%clean
Piotroski F-Score
5/8mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
80
/ 100
Profitability 100Growth 100Catalyst 33Earnings quality 67Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 5 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating margin is positive
  • Strong return on equity (>15%)
  • Revenue is growing year-over-year
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 2026107,2171.4-11.8%
Apr 30, 2026121,5331.0-12.9%
Apr 15, 2026139,4852.4+70.6%
Mar 31, 202681,7461.1-6.1%
Mar 13, 202687,0721.0+1.1%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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