Kewaunee Scientific vs Perma-pipe International Holdings
Kewaunee Scientific is the larger business, with $282m of revenue in fiscal 2026 against $211m for Perma-pipe International Holdings (1.3 times as much). Perma-pipe International Holdings grew faster (33.2% against 17.3%). Perma-pipe International Holdings kept more of each dollar of sales as profit: a net margin of 8.1% against 3.4%.
| Latest fiscal year | Kewaunee ScientificKEQU, 2026 | Perma-pipe International HoldingsPPIH, 2026 |
|---|---|---|
| Revenue | $282m | $211m |
| Revenue growth | 17.3% | 33.2% |
| Net income | $9.6m | $17.0m |
| Operating margin | 5.9% | — |
| Net margin | 3.4% | 8.1% |
| Return on equity | 13.8% | 20.9% |
| Free cash flow | $14.7m | −$1.3m |
| Cash | $9.9m | $18.7m |
| Total debt | $20.2m | $32.5m |
| Debt to equity | 27.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | — |
| Employees | — | — |
| Market value | $97.0m | $239m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 29 (Weak) | 29 (Weak) |
| Insider trades, 12 months | 0 buys, 7 sales | 0 buys, 0 sales |