Hurco Companies vs Perma-pipe International Holdings
Perma-pipe International Holdings is the larger business, with $211m of revenue in fiscal 2026 against $179m for Hurco Companies (1.2 times as much). Perma-pipe International Holdings grew faster (33.2% against -4.3%). Perma-pipe International Holdings kept more of each dollar of sales as profit: a net margin of 8.1% against -8.5%.
| Latest fiscal year | Hurco CompaniesHURC, 2025 | Perma-pipe International HoldingsPPIH, 2026 |
|---|---|---|
| Revenue | $179m | $211m |
| Revenue growth | -4.3% | 33.2% |
| Net income | −$15.1m | $17.0m |
| Operating margin | -5.8% | — |
| Net margin | -8.5% | 8.1% |
| Return on equity | -7.4% | 20.9% |
| Free cash flow | $16.7m | −$1.3m |
| Cash | $48.7m | $18.7m |
| Total debt | $0 | $32.5m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $2.0m | — |
| Employees | 651 | — |
| Market value | $142m | $239m |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 36 (Weak) | 29 (Weak) |
| Insider trades, 12 months | 1 buys, 0 sales | 0 buys, 0 sales |