Perma-Pipe International (PPIH)
Market Price (6/30/2026): $27.34 | Market Cap: $222.1 MilSector: Industrials | Industry: Building Products
Perma-Pipe International (PPIH)
Market Price (6/30/2026): $27.34Market Cap: $222.1 MilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26% Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, US Energy Independence, and Sustainable Resource Management. Themes include Energy Efficient Building Materials, Show more. | Key risksPPIH key risks include [1] significant volatility from its project-based operations and [2] material weaknesses in its financial controls requiring a financial restatement. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26% |
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, US Energy Independence, and Sustainable Resource Management. Themes include Energy Efficient Building Materials, Show more. |
| Key risksPPIH key risks include [1] significant volatility from its project-based operations and [2] material weaknesses in its financial controls requiring a financial restatement. |
Qualitative Assessment
AI Analysis | Feedback
Perma-Pipe International (PPIH) stock has lost about 15% since 2/28/2026 because of the following key factors:
1. Significant Miss in Fiscal Q1 2026 Earnings Per Share (EPS).
Perma-Pipe International Holdings, Inc. reported its Fiscal Q1 2026 results, for the period ending April 30, 2026, on June 9, 2026. The company announced diluted EPS of $0.22, substantially missing the consensus analyst estimate of $0.48 by $0.26. Net income attributable to common stock for the quarter decreased to $1.8 million, a 64% decline compared to $5.0 million in the prior-year quarter.
2. Revenue Shortfall and Gross Profit Contraction.
In addition to the EPS miss, the company's Fiscal Q1 2026 net sales of $50.3 million fell below analyst expectations of $54 million. Gross profit also declined to $14.6 million in Fiscal Q1 2026, down from $16.7 million in the corresponding quarter of the prior fiscal year.
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Perma-Pipe International (PPIH) stock has lost about 15% since 2/28/2026 because of the following key factors:
1. Significant Miss in Fiscal Q1 2026 Earnings Per Share (EPS).
Perma-Pipe International Holdings, Inc. reported its Fiscal Q1 2026 results, for the period ending April 30, 2026, on June 9, 2026. The company announced diluted EPS of $0.22, substantially missing the consensus analyst estimate of $0.48 by $0.26. Net income attributable to common stock for the quarter decreased to $1.8 million, a 64% decline compared to $5.0 million in the prior-year quarter.
2. Revenue Shortfall and Gross Profit Contraction.
In addition to the EPS miss, the company's Fiscal Q1 2026 net sales of $50.3 million fell below analyst expectations of $54 million. Gross profit also declined to $14.6 million in Fiscal Q1 2026, down from $16.7 million in the corresponding quarter of the prior fiscal year.
3. Higher Operating Costs and Geopolitical Project Delays.
The reduction in gross profit was primarily driven by a less favorable project and product mix, notably in Canada due to seasonal factors, as well as start-up and ramp-up expenses associated with new manufacturing facilities in Ohio and Qatar. Furthermore, selling, general, and administrative expenses increased to $10.0 million from $8.8 million year-over-year, mainly due to elevated professional fees related to the company's transition to accelerated filer status and ongoing Sarbanes-Oxley compliance initiatives. Geopolitical events in the Middle East also led to delays in project execution, impacting the timing of revenue recognition and profitability within the MENA region.
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Stock Movement Drivers
Fundamental Drivers
The -15.6% change in PPIH stock from 2/28/2026 to 6/29/2026 was primarily driven by a -15.3% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6292026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.37 | 27.32 | -15.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 201 | 214 | 6.8% |
| Net Income Margin (%) | 6.9% | 6.5% | -6.3% |
| P/E Multiple | 18.9 | 16.0 | -15.3% |
| Shares Outstanding (Mil) | 8 | 8 | -0.4% |
| Cumulative Contribution | -15.6% |
Market Drivers
2/28/2026 to 6/29/2026| Return | Correlation | |
|---|---|---|
| PPIH | -15.6% | |
| Market (SPY) | 8.3% | 45.2% |
| Sector (XLI) | 3.5% | 40.8% |
Fundamental Drivers
The 6.3% change in PPIH stock from 11/30/2025 to 6/29/2026 was primarily driven by a 18.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 6292026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.70 | 27.32 | 6.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 181 | 214 | 18.3% |
| Net Income Margin (%) | 5.5% | 6.5% | 16.7% |
| P/E Multiple | 20.5 | 16.0 | -21.9% |
| Shares Outstanding (Mil) | 8 | 8 | -1.4% |
| Cumulative Contribution | 6.3% |
Market Drivers
11/30/2025 to 6/29/2026| Return | Correlation | |
|---|---|---|
| PPIH | 6.3% | |
| Market (SPY) | 9.0% | 40.7% |
| Sector (XLI) | 19.7% | 41.5% |
Fundamental Drivers
The 105.6% change in PPIH stock from 5/31/2025 to 6/29/2026 was primarily driven by a 35.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312025 | 6292026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.29 | 27.32 | 105.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 158 | 214 | 35.4% |
| Net Income Margin (%) | 5.7% | 6.5% | 14.2% |
| P/E Multiple | 11.8 | 16.0 | 35.3% |
| Shares Outstanding (Mil) | 8 | 8 | -1.7% |
| Cumulative Contribution | 105.6% |
Market Drivers
5/31/2025 to 6/29/2026| Return | Correlation | |
|---|---|---|
| PPIH | 105.6% | |
| Market (SPY) | 27.2% | 34.8% |
| Sector (XLI) | 29.7% | 31.4% |
Fundamental Drivers
The 164.7% change in PPIH stock from 5/31/2023 to 6/29/2026 was primarily driven by a 55.2% change in the company's Net Income Margin (%).| (LTM values as of) | 5312023 | 6292026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.32 | 27.32 | 164.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 143 | 214 | 50.4% |
| Net Income Margin (%) | 4.2% | 6.5% | 55.2% |
| P/E Multiple | 13.2 | 16.0 | 20.9% |
| Shares Outstanding (Mil) | 8 | 8 | -6.2% |
| Cumulative Contribution | 164.7% |
Market Drivers
5/31/2023 to 6/29/2026| Return | Correlation | |
|---|---|---|
| PPIH | 164.7% | |
| Market (SPY) | 84.3% | 28.7% |
| Sector (XLI) | 97.3% | 26.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PPIH Return | 43% | 9% | -16% | 88% | 103% | -9% | 354% |
| Peers Return | -13% | 20% | 62% | 20% | 16% | 71% | 299% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| PPIH Win Rate | 67% | 67% | 50% | 75% | 50% | 33% | |
| Peers Win Rate | 43% | 55% | 63% | 52% | 60% | 77% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| PPIH Max Drawdown | -19% | -50% | -45% | -21% | -44% | -28% | |
| Peers Max Drawdown | -43% | -39% | -29% | -27% | -34% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NWPX, FSTR, PKOH, NOV, FTI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/29/2026 (YTD)
How Low Can It Go
| Event | PPIH | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -39.0% | -18.8% |
| % Gain to Breakeven | 63.9% | 23.1% |
| Time to Breakeven | 66 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.9% | -9.5% |
| % Gain to Breakeven | 33.1% | 10.5% |
| Time to Breakeven | 52 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -18.9% | -6.7% |
| % Gain to Breakeven | 23.3% | 7.1% |
| Time to Breakeven | 410 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -13.1% | -24.5% |
| % Gain to Breakeven | 15.1% | 32.4% |
| Time to Breakeven | 6 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.0% | -33.7% |
| % Gain to Breakeven | 56.2% | 50.9% |
| Time to Breakeven | 540 days | 140 days |
In The Past
Perma-Pipe International's stock fell -39.0% during the 2025 US Tariff Shock. Such a loss loss requires a 63.9% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | PPIH | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -39.0% | -18.8% |
| % Gain to Breakeven | 63.9% | 23.1% |
| Time to Breakeven | 66 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.9% | -9.5% |
| % Gain to Breakeven | 33.1% | 10.5% |
| Time to Breakeven | 52 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.0% | -33.7% |
| % Gain to Breakeven | 56.2% | 50.9% |
| Time to Breakeven | 540 days | 140 days |
In The Past
Perma-Pipe International's stock fell -39.0% during the 2025 US Tariff Shock. Such a loss loss requires a 63.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Perma-Pipe International (PPIH)
Perma-Pipe International Holdings, Inc. (PPIH) is a global engineering and manufacturing company specializing in advanced piping systems and coatings. The company's core expertise lies in designing, producing, and selling specialty piping solutions and leak detection systems crucial for safe and efficient infrastructure across various industries.
PPIH's product portfolio includes pre-insulated and jacketed piping systems designed for district heating and cooling, which efficiently distribute energy from central plants. They also provide primary and secondary containment piping systems vital for securely transporting chemicals, hazardous fluids, and petroleum products. Furthermore, the company offers anti-corrosion coatings and insulation services for oil and gas gathering and transmission pipelines, as well as for pipes transporting potable water, protecting steel pipes from environmental wear and tear both internally and externally.
The company serves a diverse range of customers and markets globally, including central energy providers, industrial facilities handling hazardous materials, and the oil and gas sector for both upstream and midstream operations. Their solutions are also critical for municipal water infrastructure. With operations spanning the United States, Canada, Europe, the Middle East, and India, PPIH positions itself as a key supplier for essential infrastructure projects requiring specialized piping and protective coating technologies.
AI Analysis | Feedback
Perma-Pipe International is like a highly specialized version of Valmont Industries, but focused on engineering and manufacturing advanced, insulated, and protected piping systems for critical fluid transport in energy, chemicals, and district heating.
Think of Perma-Pipe International as the Parker-Hannifin of advanced pipeline systems; they design and build specialized pipes, insulation, and protective coatings to ensure the safe and efficient transport of critical industrial fluids.
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- District Heating and Cooling Piping Systems: Engineered systems for energy distribution from central energy plants.
- Containment Piping Systems: Primary and secondary systems for transporting chemicals, hazardous fluids, and petroleum products.
- Pipeline Coating and Insulation Services: Services for coating and insulating oil and gas gathering and transmission pipelines.
- Anti-Corrosion Coatings: Liquid and powder-based coatings for the internal and external surfaces of steel pipes and fittings.
- Leak Detection Systems: Systems designed to identify leaks in various piping applications.
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Saleh Sagr, President and Chief Executive Officer
Saleh Sagr was appointed President of Perma-Pipe on March 31, 2025, and subsequently became Chief Executive Officer on June 7, 2025. He joined Perma-Pipe in 2019 and previously served as Senior Vice President, Middle East North Africa (MENA) since July 2021, overseeing regional expansion and business growth. Mr. Sagr brings over 30 years of international experience in operations, engineering, and executive leadership within the energy and infrastructure sectors. Before joining Perma-Pipe, he co-founded Global Anti Corrosion Techniques in Saudi Arabia, a pipeline coating company, where he served as General Manager. Mr. Sagr has extensive experience in strategic planning, business development, startups, and turnarounds, particularly in the Middle East.
Matthew Lewicki, Vice President and Chief Financial Officer
Matthew Lewicki was appointed Vice President and Chief Financial Officer on October 2, 2023. He joined Perma-Pipe in May 2023 as the Chief Accounting Officer. Mr. Lewicki has 20 years of experience across publicly traded companies, public accounting, and private industry, with responsibilities including internal and external financial reporting, SOX compliance, financial planning and analysis, and treasury management. Prior to Perma-Pipe, he served as Corporate Controller for HMT Holdings Corp, Inc. from June 2019 to April 2023. Before that, he was a Senior Manager of Financial Planning and Reporting at Quanta Services, Inc. from June 2013 to May 2019. Mr. Lewicki is a Certified Public Accountant in Texas.
Adham Sharkawy, Senior Vice President, Middle East North Africa (MENA)
Adham Sharkawy was promoted to Senior Vice President of Middle East North Africa (MENA). He joined Perma-Pipe in February 2013 and has progressed through various roles, including General Manager – DHC MENA, Director of Procurement, Contract Administration & Project Management- MENA, General Manager – Egypt, and Vice President of MENA. Mr. Sharkawy began his career as a Technical Service Engineer with Kharafi National in Kuwait and later worked as a Senior Procurement Engineer with Orascom Construction in Egypt.
Marc Huber, Senior Vice President, Americas
Marc Huber joined Perma-Pipe as Senior Vice President, Americas in July 2024. He brings nearly 20 years of experience as a versatile executive, known for driving growth in new markets and product lines within the energy sector across the Americas. Mr. Huber has a strong track record in P&L ownership and delivering commercial and operational leadership. He has held key positions at companies such as Shawcor and CPW America Co.
AI Analysis | Feedback
The key risks to Perma-Pipe International Holdings, Inc. (PPIH) are:
- Geopolitical Instability, particularly in the Middle East and North Africa (MENA) region: A substantial portion of Perma-Pipe International's sales volume growth is driven by the Middle East, making regional stability a core factor for the company. Geopolitical instability in the MENA region, where the company has significant operations and growth engines, poses a major risk. Escalation of conflicts could directly impact project execution, and trade protectionism or international tensions could complicate global supply chains. The reliance on large state-owned enterprises in these regions also concentrates political risk.
- Macroeconomic Downturns and Economic Slowdown: Perma-Pipe International's business is heavily tied to large-scale infrastructure and construction projects. A global recession or economic slowdown could lead to widespread project delays, cancellations, or funding challenges, which would pressure near-term revenue and could erode the company's substantial backlog. Historically, capital spending on infrastructure and energy projects tends to contract sharply during global slowdowns, directly impacting PPIH's performance.
- Fluctuations in Oil and Natural Gas Prices: Perma-Pipe International has significant exposure to the oil and gas industry, especially in the Middle East. Volatility in the prices of oil and natural gas directly impacts customer order volume for the company's products, affecting its financial results.
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The global energy transition away from fossil fuels poses a clear emerging threat. A significant portion of Perma-Pipe International's business is dedicated to the coating and insulation of oil and gas gathering and transmission pipelines, as well as providing primary and secondary containment piping systems for transporting petroleum products. As investments in new fossil fuel infrastructure decline and the world shifts towards renewable energy sources, the demand for these specific services and products offered by Perma-Pipe International could diminish substantially.
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Perma-Pipe International Holdings, Inc. operates in several addressable markets for its main products and services:
- For pre-insulated and jacketed district heating and cooling piping systems, the global pre-insulated pipe market was estimated at approximately USD 5.96 billion in 2024.
- For primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, the global dual containment pipe market was valued at approximately USD 3.08 billion in 2025.
- For the coating of oil and gas gathering and transmission pipelines, the global oil and gas pipeline coating market is projected to be around USD 5.6 billion in 2025.
- For the insulation of oil and gas gathering and transmission pipelines, the global oil and gas insulation market size was estimated at approximately USD 3.45 billion in 2024.
AI Analysis | Feedback
Perma-Pipe International Holdings, Inc. (PPIH) is expected to experience future revenue growth over the next 2-3 years, driven by several key factors:
- Strong Backlog and Project Wins: The company has demonstrated robust future demand through a significantly increasing backlog. As of October 31, 2025, Perma-Pipe's backlog reached $148.9 million, reflecting a substantial increase from previous periods. Recent contract wins, including a $14 million contract for the King Salman Park Project in Saudi Arabia and $22 million in awards for a major data center infrastructure project in the US, further solidify this growth driver.
- Geographic Expansion and Strong Performance in Key Markets: Perma-Pipe has seen increased sales volumes and is focusing on organic growth initiatives in strategic regions. Strong sales in the Middle East and North America have been consistent drivers of revenue growth. A strategic joint venture has also bolstered the company's presence in Saudi Arabia.
- Increased Global Infrastructure Spending: The company benefits from overall increases in infrastructure spending, which drives demand for its specialty piping and leak detection systems across various markets.
- Focus on High-Value Products and Improved Product Mix: Perma-Pipe has strategically focused on offering higher-value products and services, which has contributed to improved gross margins and is expected to continue supporting revenue growth.
- Adaptability to Emerging Energy Markets: The company's piping systems are adaptable to new energy applications, such as liquefied ammonia, hydrogen, and LNG terminals. This positions Perma-Pipe to potentially tap into new revenue streams as the global energy transition accelerates.
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Share Repurchases
- In December 2022, Perma-Pipe International Holdings, Inc. announced a share repurchase program, authorizing the use of $965 thousand remaining from a program initially approved in October 2021.
- The repurchases were authorized to be executed through open market or privately negotiated transactions over the subsequent 12 months.
Share Issuance
- Perma-Pipe International Holdings' shares outstanding have remained relatively stable over the last three to five years, with approximately 7.7 million shares in January 2021, gradually increasing to about 7.9 million shares by January 2025.
Outbound Investments
- In the second quarter of fiscal 2025, Perma-Pipe established a new manufacturing facility in Qatar, supported by over $5 million in new project awards.
- The company has also expanded its Dammam facility in Saudi Arabia, enhancing its regional manufacturing and fabrication capabilities. This expansion is aimed at supporting faster deployment of engineered piping systems and solutions for energy, utilities, and mission-critical infrastructure customers, including Saudi Aramco projects.
Capital Expenditures
- Historical capital expenditures were $2 million in fiscal year 2021, $2 million in 2022, $7 million in 2023, $11 million in 2024, and $3 million in 2025.
- Projected capital expenditures are $7 million for fiscal year 2026, increasing to $11 million by 2030.
- These capital expenditures primarily focus on expanding manufacturing and fabrication capabilities, including new facilities in Qatar and an expanded facility in Dammam, Saudi Arabia, to address growing demand in regions like the Middle East and North America for data center infrastructure and oil and gas projects.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Perma-Pipe International Earnings Notes | 12/16/2025 | |
| Is Perma-Pipe International Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 41.58 |
| Mkt Cap | 1.0 |
| Rev LTM | 1,089 |
| Op Inc LTM | 70 |
| FCF LTM | 56 |
| FCF 3Y Avg | 29 |
| CFO LTM | 72 |
| CFO 3Y Avg | 50 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.3% |
| Rev Chg 3Y Avg | 5.8% |
| Rev Chg Q | 9.6% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | 16.5% |
| Op Inc Chg 3Y Avg | 25.3% |
| Op Mgn LTM | 7.9% |
| Op Mgn 3Y Avg | 8.5% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 10.8% |
| CFO/Rev 3Y Avg | 9.2% |
| FCF/Rev LTM | 7.8% |
| FCF/Rev 3Y Avg | 5.2% |
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Piping Systems | 211 | 158 | 151 | 143 | 139 |
| Total | 211 | 158 | 151 | 143 | 139 |
| $ Mil | 2026 | 2025 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Piping Systems | 29 | 20 | -2 | 11 | 13 |
| Corporate | -8 | -8 | -7 | ||
| Filtration Products | -4 | ||||
| Total | 29 | 20 | -11 | 3 | 2 |
| $ Mil | 2026 | 2025 |
|---|---|---|
| Piping Systems | 17 | 9 |
| Total | 17 | 9 |
| $ Mil | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|
| Piping Systems | 99 | 112 | 100 | 109 | 84 |
| Corporate | 3 | 10 | 6 | ||
| Filtration Products | 42 | 42 | 53 | ||
| Corporate and Other | 12 | 1 | |||
| Industrial Process Cooling Equipment | 11 | ||||
| Total | 102 | 122 | 149 | 163 | 149 |
Price Behavior
| Market Price | $27.32 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 03/21/2017 | |
| Distance from 52W High | -22.6% | |
| 50 Days | 200 Days | |
| DMA Price | $30.60 | $29.33 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -10.7% | -6.8% |
| 3M | 1YR | |
| Volatility | 65.1% | 64.1% |
| Downside Capture | 322.97 | 218.09 |
| Upside Capture | 143.02 | 189.05 |
| Correlation (SPY) | 41.8% | 40.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.47 | 2.06 | 1.98 | 1.86 | 2.09 | 1.20 |
| Up Beta | 3.26 | 1.88 | 1.91 | 1.83 | 2.83 | 1.70 |
| Down Beta | 1.97 | 3.25 | 2.69 | 2.33 | 1.53 | 0.64 |
| Up Capture | 178% | 108% | 139% | 200% | 414% | 182% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 6 | 19 | 29 | 61 | 126 | 347 |
| Down Capture | 662% | 372% | 216% | 154% | 146% | 102% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 14 | 22 | 34 | 63 | 123 | 394 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PPIH | |
|---|---|---|---|---|
| PPIH | 19.1% | 63.9% | 0.53 | - |
| Sector ETF (XLI) | 27.2% | 16.5% | 1.28 | 34.9% |
| Equity (SPY) | 22.2% | 12.5% | 1.32 | 39.5% |
| Gold (GLD) | 20.2% | 27.8% | 0.65 | 15.2% |
| Commodities (DBC) | 21.3% | 18.6% | 0.90 | -3.6% |
| Real Estate (VNQ) | 15.6% | 13.6% | 0.82 | 13.3% |
| Bitcoin (BTCUSD) | -44.0% | 42.6% | -1.25 | 25.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PPIH | |
|---|---|---|---|---|
| PPIH | 33.0% | 58.2% | 0.72 | - |
| Sector ETF (XLI) | 14.2% | 17.6% | 0.64 | 19.6% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 19.9% |
| Gold (GLD) | 17.2% | 18.3% | 0.76 | 7.3% |
| Commodities (DBC) | 7.1% | 19.5% | 0.26 | 7.5% |
| Real Estate (VNQ) | 2.9% | 18.8% | 0.05 | 13.0% |
| Bitcoin (BTCUSD) | 13.6% | 53.8% | 0.44 | 11.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PPIH | |
|---|---|---|---|---|
| PPIH | 13.8% | 48.3% | 0.47 | - |
| Sector ETF (XLI) | 14.5% | 20.1% | 0.64 | 15.3% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 15.5% |
| Gold (GLD) | 11.5% | 16.1% | 0.58 | 5.9% |
| Commodities (DBC) | 5.7% | 18.0% | 0.24 | 7.0% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 11.2% |
| Bitcoin (BTCUSD) | 55.0% | 66.4% | 0.95 | 7.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/29/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/9/2026 | -19.2% | -14.5% | |
| 4/16/2026 | -5.5% | -12.7% | -2.2% |
| 12/12/2025 | 11.3% | 10.1% | 11.1% |
| 9/15/2025 | -15.5% | -23.1% | -16.5% |
| 6/13/2025 | 18.9% | 42.0% | 54.8% |
| 12/23/2024 | 13.0% | 3.1% | 10.3% |
| 9/11/2024 | 15.7% | 27.9% | 33.3% |
| 6/13/2024 | 0.5% | -2.1% | -8.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 11 |
| # Negative | 10 | 9 | 11 |
| Median Positive | 10.3% | 8.2% | 18.4% |
| Median Negative | -5.1% | -12.7% | -4.3% |
| Max Positive | 18.9% | 42.0% | 54.8% |
| Max Negative | -19.2% | -24.4% | -20.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/9/2026 | -19.2% | -14.5% | |
| 4/16/2026 | -5.5% | -12.7% | -2.2% |
| 12/12/2025 | 11.3% | 10.1% | 11.1% |
| 9/15/2025 | -15.5% | -23.1% | -16.5% |
| 6/13/2025 | 18.9% | 42.0% | 54.8% |
| 12/23/2024 | 13.0% | 3.1% | 10.3% |
| 9/11/2024 | 15.7% | 27.9% | 33.3% |
| 6/13/2024 | 0.5% | -2.1% | -8.2% |
| 4/26/2024 | 10.9% | 22.7% | 25.5% |
| 12/8/2023 | 13.9% | 14.9% | 21.0% |
| 9/15/2023 | -0.1% | -3.1% | -18.6% |
| 6/14/2023 | -6.2% | -5.6% | -17.6% |
| 4/27/2023 | 0.9% | 1.5% | -3.0% |
| 12/6/2022 | 1.9% | 0.1% | -1.8% |
| 9/7/2022 | -4.6% | -5.2% | -3.0% |
| 6/7/2022 | -1.3% | -24.4% | -20.0% |
| 4/19/2022 | 10.3% | 17.9% | 42.3% |
| 12/8/2021 | -16.7% | -17.2% | -0.5% |
| 9/8/2021 | 6.2% | 6.5% | 18.4% |
| 6/8/2021 | -1.6% | 2.0% | -4.3% |
| 4/15/2021 | 1.6% | 9.8% | 5.4% |
| 12/21/2020 | 1.5% | 3.4% | 4.4% |
| 9/9/2020 | -1.6% | 3.7% | 6.9% |
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 11 |
| # Negative | 10 | 9 | 11 |
| Median Positive | 10.3% | 8.2% | 18.4% |
| Median Negative | -5.1% | -12.7% | -4.3% |
| Max Positive | 18.9% | 42.0% | 54.8% |
| Max Negative | -19.2% | -24.4% | -20.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/09/2026 | 10-Q |
| 01/31/2026 | 04/16/2026 | 10-K |
| 10/31/2025 | 12/12/2025 | 10-Q |
| 07/31/2025 | 09/15/2025 | 10-Q |
| 04/30/2025 | 06/13/2025 | 10-Q |
| 01/31/2025 | 05/01/2025 | 10-K |
| 10/31/2024 | 12/23/2024 | 10-Q |
| 07/31/2024 | 09/11/2024 | 10-Q |
| 04/30/2024 | 06/13/2024 | 10-Q |
| 01/31/2024 | 04/26/2024 | 10-K |
| 10/31/2023 | 12/08/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 06/14/2023 | 10-Q |
| 01/31/2023 | 04/27/2023 | 10-K |
| 10/31/2022 | 12/06/2022 | 10-Q |
| 07/31/2022 | 09/07/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/09/2026 | 10-Q |
| 01/31/2026 | 04/16/2026 | 10-K |
| 10/31/2025 | 12/12/2025 | 10-Q |
| 07/31/2025 | 09/15/2025 | 10-Q |
| 04/30/2025 | 06/13/2025 | 10-Q |
| 01/31/2025 | 05/01/2025 | 10-K |
| 10/31/2024 | 12/23/2024 | 10-Q |
| 07/31/2024 | 09/11/2024 | 10-Q |
| 04/30/2024 | 06/13/2024 | 10-Q |
| 01/31/2024 | 04/26/2024 | 10-K |
| 10/31/2023 | 12/08/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 06/14/2023 | 10-Q |
| 01/31/2023 | 04/27/2023 | 10-K |
| 10/31/2022 | 12/06/2022 | 10-Q |
| 07/31/2022 | 09/07/2022 | 10-Q |
| 04/30/2022 | 06/07/2022 | 10-Q |
| 01/31/2022 | 04/19/2022 | 10-K |
| 10/31/2021 | 12/08/2021 | 10-Q |
| 07/31/2021 | 09/08/2021 | 10-Q |
| 04/30/2021 | 06/08/2021 | 10-Q |
| 01/31/2021 | 04/15/2021 | 10-K |
| 10/31/2020 | 12/21/2020 | 10-Q |
| 07/31/2020 | 09/09/2020 | 10-Q |
| 04/30/2020 | 06/09/2020 | 10-Q |
| 01/31/2020 | 04/21/2020 | 10-K |
| 10/31/2019 | 12/10/2019 | 10-Q |
| 07/31/2019 | 09/10/2019 | 10-Q |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Building Products Resources |
| Building Design+Construction |
| Construction Dive |
| Architectural Record |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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