EFXT vs. PPIH
EFXT (Enerflex Ltd.) and PPIH (Perma-Pipe International Holdings, Inc.) are both stocks. EFXT operates in Oil & Gas Equipment & Services (Energy), while PPIH operates in Building Products & Equipment (Industrials). Over the past 10 years, EFXT returned 14.46%/yr vs 15.15%/yr for PPIH. At a 0.08 correlation, their price movements are largely independent.
Performance
EFXT vs. PPIH - Performance Comparison
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Returns By Period
In the year-to-date period, EFXT achieves a 68.34% return, which is significantly higher than PPIH's 6.26% return. Both investments have delivered pretty close results over the past 10 years, with EFXT having a 14.46% annualized return and PPIH not far ahead at 15.15%.
EFXT
- 1D
- -1.26%
- 1M
- -5.44%
- YTD
- 68.34%
- 6M
- 89.05%
- 1Y
- 248.58%
- 3Y*
- 64.38%
- 5Y*
- 32.01%
- 10Y*
- 14.46%
PPIH
- 1D
- -1.10%
- 1M
- -0.09%
- YTD
- 6.26%
- 6M
- 9.84%
- 1Y
- 126.70%
- 3Y*
- 45.89%
- 5Y*
- 35.82%
- 10Y*
- 15.15%
EFXT vs. PPIH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFXT Enerflex Ltd. | 68.34% | 57.04% | 115.79% | -25.13% | 5.83% | 15.59% | -42.16% | -17.32% | -2.49% | -1.70% |
PPIH Perma-Pipe International Holdings, Inc. | 6.26% | 103.08% | 88.36% | -16.01% | 8.87% | 42.53% | -35.07% | 7.20% | -2.78% | 11.11% |
Correlation
The correlation between EFXT and PPIH is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.08 |
The correlation between EFXT and PPIH shifts across timeframes, from 0.07 (10 years) to 0.27 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
EFXT:
$3.16B
PPIH:
$264.73M
EFXT:
$0.97
PPIH:
$2.08
EFXT:
26.83
PPIH:
15.48
EFXT:
2.93
PPIH:
0.42
EFXT:
1.01
PPIH:
1.25
EFXT:
2.77
PPIH:
2.92
EFXT:
$3.13B
PPIH:
$210.93M
EFXT:
$689.73M
PPIH:
$69.49M
EFXT:
$321.86M
PPIH:
$32.25M
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Return for Risk
EFXT vs. PPIH — Risk / Return Rank
EFXT
PPIH
EFXT vs. PPIH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enerflex Ltd. (EFXT) and Perma-Pipe International Holdings, Inc. (PPIH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EFXT | PPIH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.23 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.33 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 17.03 | 4.05 | +12.98 |
| Martin ratioReturn relative to average drawdown | 56.79 | 9.84 | +46.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EFXT | PPIH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.04 | 1.82 | +4.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.63 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.33 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.36 | -0.21 |
Drawdowns
EFXT vs. PPIH - Drawdown Comparison
The maximum EFXT drawdown since its inception was -81.64%, which is greater than PPIH's maximum drawdown of -58.53%. Use the drawdown chart below to compare losses from any high point for EFXT and PPIH.
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Drawdown Indicators
| EFXT | PPIH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.64% | -58.53% | -23.11% |
Max Drawdown (1Y)Largest decline over 1 year | -14.70% | -31.45% | +16.75% |
Max Drawdown (3Y)Largest decline over 3 years | -51.26% | -45.77% | -5.49% |
Max Drawdown (5Y)Largest decline over 5 years | -56.16% | -58.53% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -79.04% | -58.53% | -20.51% |
Current DrawdownCurrent decline from peak | -8.63% | -8.59% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -38.32% | -20.56% | -17.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 12.92% | -8.52% |
Volatility
EFXT vs. PPIH - Volatility Comparison
The current volatility for Enerflex Ltd. (EFXT) is 11.75%, while Perma-Pipe International Holdings, Inc. (PPIH) has a volatility of 13.46%. This indicates that EFXT experiences smaller price fluctuations and is considered to be less risky than PPIH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFXT | PPIH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.75% | 13.46% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 33.77% | 36.97% | -3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.61% | 70.37% | -28.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.81% | 57.30% | -8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.04% | 47.06% | +0.98% |
Dividends
EFXT vs. PPIH - Dividend Comparison
EFXT's dividend yield for the trailing twelve months is around 0.46%, while PPIH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFXT Enerflex Ltd. | 0.46% | 0.72% | 0.82% | 1.56% | 1.22% | 1.14% | 2.42% | 3.43% | 2.13% | 2.08% | 2.67% | 3.55% |
PPIH Perma-Pipe International Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
EFXT vs. PPIH - Financials Comparison
This section allows you to compare key financial metrics between Enerflex Ltd. and Perma-Pipe International Holdings, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
EFXT vs. PPIH - Profitability Comparison
EFXT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enerflex Ltd. reported a gross profit of 140.03M and revenue of 575.91M. Therefore, the gross margin over that period was 24.3%.
PPIH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Perma-Pipe International Holdings, Inc. reported a gross profit of 17.34M and revenue of 55.13M. Therefore, the gross margin over that period was 31.5%.
EFXT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enerflex Ltd. reported an operating income of 65.09M and revenue of 575.91M, resulting in an operating margin of 11.3%.
PPIH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Perma-Pipe International Holdings, Inc. reported an operating income of 6.97M and revenue of 55.13M, resulting in an operating margin of 12.6%.
EFXT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enerflex Ltd. reported a net income of 42.40M and revenue of 575.91M, resulting in a net margin of 7.4%.
PPIH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Perma-Pipe International Holdings, Inc. reported a net income of 4.92M and revenue of 55.13M, resulting in a net margin of 8.9%.
Frequently Asked Questions
EFXT and PPIH have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPIH has higher volatility (13.46%) compared to EFXT (11.75%). In terms of maximum drawdown, EFXT dropped -81.64% vs PPIH's -58.53%.
EFXT currently has the higher Sharpe Ratio (6.04 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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