Should I buy, hold, or sell PPIH stock right now?

Perma-Pipe International Holdings Inc. (PPIH) currently earns a Roarable Rating of D (Sell — SELL) with 48/100 RQD Confidence. Stretched risk/reward at 14x P/E (28% return on capital) under elevated 10-year interest-rate pressure.

What is PPIH's 12-month price target and RQD AI Jury consensus?

PPIH's 12-month base price target is $28.37 (range $22.13 to $38.56), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

Stock Ratings / Industrials / PPIH

FTEK (39) DCI (57) MAIR (47) ALTG (51) ⌘ Pro Terminal →

Perma-Pipe International Holdings Inc. (PPIH) — RQD Stock Rating Cockpit

$29.71 +1.40% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $29.73

Perma-Pipe International Holdings Inc. (PPIH) carries a Roarable Rating of D (Sell) with 48/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D • SELL / AVOID Cap $240.1M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on PPIH Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is PPIH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Perma-Pipe International Holdings Inc. (NASDAQ: PPIH) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 48/100 at a spot price of $29.71 (+1.40% 1D, market cap $240.1M). Pillar breakdown: Fundamental Cash Engine 10/20, Institutional 13F & Options Flow 8/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 10/20. Across 486 tracked Industrials issuers, PPIH ranks #248 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does PPIH compare to FTEK and DCI in the Industrials sector?

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Within the Industrials sector (Pollution Control Equipment), PPIH carries a Roarable D (48/100 RQD), trailing P/E of 14.4x, gross margin of 32.9%, and ROIC of 27.5%. By comparison, FTEK (Fuel Tech Inc.) holds a D- grade (39/100 RQD, P/E N/A, ROIC -10.4%, cap $45.3M) and DCI (Donaldson Company Inc.) posts a D+ grade (57/100 RQD, P/E 26.9x, ROIC 19.5%, cap $9.62B). Among the 5-stock peer group, PPIH leads on earnings multiple (14.4x) while PPIH leads on capital efficiency (27.5% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for PPIH?

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Per PPIH's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-01-31, CIK 0000914122), Perma-Pipe International Holdings Inc. generated $210.9M in revenue (+33.2% YoY), $17.0M in net income, and -$1.3M in free cash flow against $217.5M in total assets and $12.7M in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $29.73 (+0.06%)🧬 Disciplined Float (+0.52% YoY Shares)⚙️ Cash Engine: 10/20 (D) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (48/100 · D) historically underperformed SPY in 71% of rolling 90-day windows (-5.6% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-4.5% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for PPIH)Realized 20D OHLCV Swing Band: ±7.4%

Deterministic 5-Pillar Attribution (48/100 Composite)

🔍 WHY PPIH SCORES 48/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (27% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 6/9

▲ #2 Bullish Driver: Cash Engine Quality+10/20 pts (21% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 32.9% Gross Margin

▼ #1 Drag / Risk Factor: Macro Regime Fit7/20 pts (-13 pt drag)

Macro rate sensitivity & RSI-14 (47.2) create a -13 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$30.65-3.5% Next Q

Q2 (-2Q)

Grade C-$29.59+0.4% Next Q

Q3 (-1Q)

Grade C-$29.70+0% Next Q

Current

Grade D$29.71-5.6% Hist 90D α

Trajectory: C (56) → D (48)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a PPIH Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While PPIH currently carries a cautious 48/100 (D) rating due to Macro Regime Fit (7/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Industrials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($29.69) and Max Pain ($31.20) forces dealer call-delta covering toward $38.56.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.52% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $PPIH• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “PPIH Beats Next Quarter EPS Consensus (Jan 30, 2027) & Holds Above 200D SMA”

YES 48%NO 52%Trade / Inspect Odds →

RSI-14 MOMENTUMNEUTRAL RANGE

47.230 Oversold · 70 Hot

ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)

3.80>3.0 Fortress Safe

PIOTROSKI F-SCORESOLID CORE (5–6)

6 / 99-Pt Accounting

52-WEEK LASER RANGE49% OF RANGE

L: $23$29.71H: $37

1. Money & Cash Health● WEAK

Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: DRQD 10 / 20

2. Big Money & Insiders● TRIMMING

Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: DRQD 18 / 40

3. Hidden Risks & Market Weather● WARNING

SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: DRQD 20 / 40

MULTI-MODEL JEV QUANT JURY DELIBERATION

2-of-3 JEV AI Jury Bearish Warning on PPIH

Cash & Moat Bull AI

ROIC & Free Cash Flow Model

BEARISH (50)

27.5% ROIC with 32.9% gross margin and -0.52% FCF yield.

SEC Forensic Auditor AI

10-K Accruals & Altman-Z Guard

NEUTRAL (65)

Altman-Z 4.20 and Piotroski 6/9 pass balance-sheet audit.

Whale & Macro Hawk AI

Options Skew, 13F & Fed NetLiq

BEARISH (42)

18/40 institutional & smart-money positioning score with 7/20 macro alignment.

Bull Case: Why Buyers Like PPIH

✓Established market leader in Industrials with deep daily trading liquidity.

Bear Case: What Could Go Wrong

!Company executives have done more routine share selling than personal cash buying lately.
!Sensitive to high interest rates and tighter Federal Reserve market liquidity.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring PPIH)

✓Walkthrough of PPIH's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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PPIH // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -7.99%📐 WEDGE COMPRESSION COIL

2026-11-03O $29.97H $29.97L $29.30C $29.71VOL 85.1K

RES: $32.18SUP: $28.08SMA50: $29.69SMA200: $29.51

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

PPIH Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 PPIH Butterfly Map → + Track PPIH →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

6.3%/yr Implied 5Y Growth

vs. +33.2% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on PPIH today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for PPIH. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for PPIH today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (PPIH)

Industrials Rank #248 of 486 ⚔️ FTEK vs PPIH Full Matrix →

1. Head-to-Head Industrials Peer Comparison (PPIH vs. FTEK, DCI, MAIR, ALTG)

Industry: Pollution Control Equipment (4 Tracked Issuers)

Across 486 tracked Industrials securities in the Roarable RQD universe, Perma-Pipe International Holdings Inc. (PPIH) ranks #248 by composite RQD confidence (48/100, grade D) and #343 by equity capitalization ($240.1M). Within this direct 5-issuer industry benchmark cohort, PPIH leads on earnings valuation at 14.4x trailing P/E, while PPIH leads on capital efficiency and profitability with 27.5% ROIC and 32.9% gross margin. DCI currently holds the highest overall quantitative score in the immediate peer group at 57/100 (D+) compared with PPIH at 48/100 (D).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
PPIH ACTIVE Perma-Pipe International Holdings Inc.	D	48/100	14.4x	32.9%	27.5%	+1.40%	$240.1M	Benchmark Subject
FTEK Fuel Tech Inc.	D-	39/100	—	46.4%	-10.4%	-1.72%	$45.3M	/ftek-vs-ppih →
DCI Donaldson Company Inc.	D+	57/100	26.9x	34.8%	19.5%	+2.86%	$9.62B	/dci-vs-ppih →
MAIR Madison Air Solutions Corporation	D	47/100	32.8x	—	13.6%	+0.43%	$11.62B	/mair-vs-ppih →
ALTG Alta Equipment Group Inc. (Class A)	D	51/100	—	25.9%	4.0%	+0.81%	$241.1M	/altg-vs-ppih →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2026-01-31 • CIK 0000914122 ↗

In its most recent audited fiscal period (FY2025, filed 2026-01-31), Perma-Pipe International Holdings Inc. (PPIH) reported GAAP revenue of $210.9M (+33.2% vs. FY2024 revenue of $158.4M , and +463.9% cumulative change since FY2023) , GAAP net income of $17.0M, operating cash flow of $9.2M, and free cash flow of -$1.3M (-111.5% YoY). On the balance sheet, PPIH closed FY2025 with $217.5M in total assets against $12.7M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 6/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2026-01-31	$210.9M	$17.0M	$9.2M	-$1.3M	$217.5M	$12.7M
FY2024 (FY)	2025-01-31	$158.4M	$9.0M	$13.9M	$11.1M	$165.2M	$3.7M
FY2023 (FY)	2024-01-31	$37.4M	$10.5M	$14.7M	$14.7M	—	—

3. PPIH Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is PPIH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does PPIH compare to FTEK and DCI in the Industrials sector?

What are the biggest fundamental strengths and SEC risk factors for PPIH?

Where is PPIH trading relative to its 50-day, 200-day, and 52-week technical levels?

PPIH last traded at $29.71 (+1.40% on volume of 90,308 shares), positioning the stock +0.07% above its 50-day simple moving average ($29.69) and +0.68% above its 200-day simple moving average ($29.51). Across its 52-week range of $23.01 to $36.72, PPIH sits at the 48.9% percentile with a 14-day RSI of 47.2 (NEUTRAL RANGE) and an implied next-earnings move of ±7.4% ($27.51 to $31.91).

Direct Sub-Reports: PPIH RQD Cockpit PPIH 12M Forecast PPIH Earnings & Move PPIH Dividends & DRIP PPIH Insiders & 13F PPIH Whale Options PPIH Profit Sankey PPIH News & Why

ROARABLE RATING BRIEF • RQD 48/100 (D) ✓ SEC XBRL & RQD VERIFIED

PPIH — Perma-Pipe International Holdings Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2026-01-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Perma-Pipe International Holdings Inc. (PPIH) earns a live Roarable RQD composite score of 48/100, corresponding to a D letter grade (Roarable Sell) at a spot price of $29.71 (+1.40% 1D, market capitalization $240.1M).

Fundamental Cash Engine (10/20): Anchored by return on invested capital (ROIC) of 27.5%, gross margin of 32.9%, operating margin of 14.0%, and free cash flow yield of -0.52%.
Whale 13F & Options Flow (8/20) + Insider Conviction (10/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (7/20) + Forensic Balance Sheet (13/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 6/9, and Debt/Equity of 0.14x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Perma-Pipe International Holdings Inc. Is a NASDAQ-listed issuer in the Industrials sector, operating in the Pollution Control Equipment industry. Per the recent news wire, the company announced new orders exceeding $28 million in North America through the first two months of fiscal Q3, with winter activity expected in the Canadian oil and gas sector. — for detailed product lines, customer mix, or revenue model beyond the sector classification.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2026-01-31), Perma-Pipe International Holdings Inc. (PPIH) reported $210.9M in annual revenue (up from $158.4M in FY2024, +33.2% YoY) and $17.0M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($37.4M revenue, $10.5M net income) through FY2025, PPIH scaled operating cash flow to $9.2M and free cash flow to -$1.3M, backed by $217.5M in total assets against $12.7M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (D • RQD 48/100): Established market leader in Industrials with deep daily trading liquidity. Free cash flow yield of -0.52% and institutional whale pillar of 8/20. With Fundamental Cash Engine at 10/20 and Institutional Whale Flow at 8/20, sustained execution supports upside toward the upper end of the $23.01 – $36.72 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh 14.4x trailing P/E and 6.3x EV/EBITDA against 14.0% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

— The Butterfly Supply-Chain Graph reports supply_chain as NONE, with an empty butterfly_links array and no proprietary signals. No upstream or downstream dependencies, sector correlations, or 2nd-order bottlenecks are documented in the source.

Key Question #1: Can PPIH sustain or expand its 14.0% operating margin and 27.5% ROIC against Pollution Control Equipment peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $210.9M and free cash flow of -$1.3M, how will capital allocation balance growth reinvestment against $12.7M in total debt?
Key Question #3: How sensitive is PPIH's 13.4x forward P/E multiple to Industrials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

PPIH Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Perma-Pipe International Holdings Inc. (PPIH) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to PPIH Debate Forum (3) ↓

🟢 CATALYST Yahoo Finance • 22h ago

Revisiting 2 Outperform Microcaps

Yahoo Finance report covering Perma-Pipe International Holdings Inc. (PPIH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

Perma-Pipe International Holdings, Inc. Estimates – NASDAQ:PPIH

TradingView report covering Perma-Pipe International Holdings Inc. (PPIH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

Raymond James reports no voting power over its Perma-Pipe (PPIH) stake.

Stock Titan report covering Perma-Pipe International Holdings Inc. (PPIH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Perma-Pipe Announces New Orders Exceeding $28 Million in North America Through First Two Months of Fiscal Q3, with Strong Winter Activity Expected in Canadian Oil and Gas Sector

Yahoo Finance report covering Perma-Pipe International Holdings Inc. (PPIH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Kalkine Media • 1d ago

Raymond James & Associates Reveals 7% Ownership Stake in Perma-Pipe International Holdings

Kalkine Media report covering Perma-Pipe International Holdings Inc. (PPIH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE https://www.siam.in/ • 1d ago

Perma-Pipe (PPIH) Pulls Back 4.65% to $27.91 as Buyers Defend Support Near $26.51 - Technical Analysis Picks

https://www.siam.in/ report covering Perma-Pipe International Holdings Inc. (PPIH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE גלובס • 1d ago

Zacks Investment Research

גלובס report covering Perma-Pipe International Holdings Inc. (PPIH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo • 8d ago

SIF: Anatomy of the One That Got Away

How a Neutral rated stock turned into a big winner.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

PPIH Bull vs. Bear Conversation Board — What's Your Call at $29.71?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON PPIH 🐻 33% BEARISH CONVICTION

SI SiliconVal_Bull RQD DEBATE OPENER • Growth & Tech Investor 🐂 BULLISH 🎯 Target: $36.04 (+23.0%)

📌 Pinned Debate

Reported ROIC of 27.5% and debt/equity of 0.14 indicate strong capital efficiency with low leverage, and new North American orders exce

The street is overcomplicating Perma-Pipe International Holdings Inc. (PPIH). Reported ROIC of 27.5% and debt/equity of 0.14 indicate strong capital efficiency with low leverage, and new North American orders exceeding $28 million point to near-term revenue visibility.. With an RQD score of 48/100 (D) and Forensic Balance Sheet at 13/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $31.64.

RetailWhale_TX 🐂 BULL

Both sides have a point here — PPIH's 13/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

FO ForensicBear RQD DEBATE OPENER • 10-K Footnote Auditor 🐻 BEARISH 🎯 Target: $25.20 (-14.0%)

Spot @ $29.30

The RQD rating scores the cash engine at 10/20 with a -0.52% FCF yield and FY 2025 FCF of -$1.3M, and insider and institutional pillars

Careful chasing PPIH at $29.30. The RQD rating scores the cash engine at 10/20 with a -0.52% FCF yield and FY 2025 FCF of -$1.3M, and insider and institutional pillars are weak, supporting a Trim verdict.. Gross margin is 32.9%, but operating margin is 14.0%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $25.20 on multiple compression.