TISI vs. PPIH

Last updated Jun 3, 2026

TISI (Team, Inc.) and PPIH (Perma-Pipe International Holdings, Inc.) are both stocks. Both are in the Industrials sector — TISI in Specialty Business Services, PPIH in Building Products & Equipment. Over the past 10 years, TISI returned -25.50%/yr vs 15.28%/yr for PPIH. At a 0.05 correlation, their price movements are largely independent.

Performance

TISI vs. PPIH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Team, Inc. (TISI) and Perma-Pipe International Holdings, Inc. (PPIH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TISI achieves a 8.99% return, which is significantly higher than PPIH's 7.44% return. Over the past 10 years, TISI has underperformed PPIH with an annualized return of -25.50%, while PPIH has yielded a comparatively higher 15.28% annualized return.

TISI

• 1D: -0.39%
• 1M: -12.00%
• YTD: 8.99%
• 6M: -0.71%
• 1Y: -19.20%
• 3Y*: 32.90%
• 5Y*: -29.17%
• 10Y*: -25.50%

PPIH

• 1D: 4.99%
• 1M: -1.42%
• YTD: 7.44%
• 6M: 27.47%
• 1Y: 141.09%
• 3Y*: 46.43%
• 5Y*: 36.04%
• 10Y*: 15.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TISI vs. PPIH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TISI Team, Inc.	8.99%	11.44%	92.12%	25.71%	-51.83%	-90.00%	-31.75%	9.01%	-1.68%	-62.04%
PPIH Perma-Pipe International Holdings, Inc.	7.44%	103.08%	88.36%	-16.01%	8.87%	42.53%	-35.07%	7.20%	-2.78%	11.11%

Correlation

The correlation between TISI and PPIH is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.05

Fundamentals

Market Cap TISI : $70.21M PPIH : $267.68M
EPS TISI : -$7.47 PPIH : $2.08
PS Ratio TISI : 0.08 PPIH : 1.26
Total Revenue (TTM) TISI : $912.88M PPIH : $210.93M
Gross Profit (TTM) TISI : $213.01M PPIH : $69.49M
EBITDA (TTM) TISI : $27.12M PPIH : $32.25M

Return for Risk

TISI vs. PPIH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TISI

TISI Risk / Return Rank: 25
TISI Sharpe Ratio Rank: 24
TISI Sortino Ratio Rank: 24
TISI Omega Ratio Rank: 24
TISI Calmar Ratio Rank: 27
TISI Martin Ratio Rank: 27

PPIH

PPIH Risk / Return Rank: 87
PPIH Sharpe Ratio Rank: 87
PPIH Sortino Ratio Rank: 86
PPIH Omega Ratio Rank: 84
PPIH Calmar Ratio Rank: 90
PPIH Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TISI vs. PPIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Team, Inc. (TISI) 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.

	TISI	PPIH	Difference
Sharpe ratio Return per unit of total volatility	-0.38	2.02	-2.39
Sortino ratio Return per unit of downside risk	-0.26	2.88	-3.14
Omega ratio Gain probability vs. loss probability	0.97	1.35	-0.38
Calmar ratio Return relative to maximum drawdown	-0.40	4.62	-5.02
Martin ratio Return relative to average drawdown	-0.68	11.27	-11.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TISI vs. PPIH - Sharpe Ratio Comparison

The current TISI Sharpe Ratio is -0.38, which is lower than the PPIH Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of TISI and PPIH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TISI	PPIH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.38	2.02	-2.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.30	0.63	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.31	0.33	-0.64
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.36	-0.40

Drawdowns

TISI vs. PPIH - Drawdown Comparison

The maximum TISI drawdown since its inception was -99.17%, which is greater than PPIH's maximum drawdown of -58.53%. Use the drawdown chart below to compare losses from any high point for TISI and PPIH.

Drawdown Indicators

	TISI	PPIH	Difference
Max Drawdown Largest peak-to-trough decline	-99.17%	-58.53%	-40.64%
Max Drawdown (1Y) Largest decline over 1 year	-37.56%	-31.45%	-6.11%
Max Drawdown (3Y) Largest decline over 3 years	-51.06%	-45.77%	-5.29%
Max Drawdown (5Y) Largest decline over 5 years	-95.44%	-58.53%	-36.91%
Max Drawdown (10Y) Largest decline over 10 years	-98.99%	-58.53%	-40.46%
Current Drawdown Current decline from peak	-96.77%	-7.57%	-89.20%
Average Drawdown Average peak-to-trough decline	-49.68%	-20.57%	-29.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.91%	12.91%	+9.00%

Volatility

TISI vs. PPIH - Volatility Comparison

The current volatility for Team, Inc. (TISI) is 11.27%, while Perma-Pipe International Holdings, Inc. (PPIH) has a volatility of 13.64%. This indicates that TISI 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.

Volatility by Period

	TISI	PPIH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.27%	13.64%	-2.37%
Volatility (6M) Calculated over the trailing 6-month period	34.45%	37.10%	-2.65%
Volatility (1Y) Calculated over the trailing 1-year period	51.53%	70.36%	-18.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.97%	57.31%	+41.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.12%	47.07%	+36.05%

Dividends

TISI vs. PPIH - Dividend Comparison

Neither TISI nor PPIH has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

TISI vs. PPIH - Profitability Comparison

The chart below illustrates the profitability comparison between Team, Inc. and Perma-Pipe International Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TISI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Team, Inc. reported a gross profit of 50.16M and revenue of 215.06M. Therefore, the gross margin over that period was 23.3%.

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%.

TISI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Team, Inc. reported an operating income of -111.76M and revenue of 215.06M, resulting in an operating margin of -52.0%.

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%.

TISI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Team, Inc. reported a net income of -14.21M and revenue of 215.06M, resulting in a net margin of -6.6%.

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

Can I hold both TISI and PPIH in my portfolio?

TISI and PPIH have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TISI or PPIH?

PPIH has higher volatility (13.64%) compared to TISI (11.27%). In terms of maximum drawdown, TISI dropped -99.17% vs PPIH's -58.53%.

Which has better risk-adjusted returns?

PPIH currently has the higher Sharpe Ratio (2.02 vs -0.38), 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.