Perma-Pipe International Holdings, Inc. (PPIH) Return on equity 2020–2026
Perma-Pipe International Holdings, Inc. (PPIH) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
18.8%FY2026 · since FY2020: 6.4% → 18.8%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2026 | 18.8% | +6.3 pp |
| FY2025 | 12.5% | -3.5 pp |
| FY2024 | 15.9% | +5.6 pp |
| FY2023 | 10.3% | -0.8 pp |
| FY2022 | 11.1% | +26.6 pp |
| FY2021 | -15.5% | -21.9 pp |
| FY2020 | 6.4% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice