Public Policy Holding Company, Inc. engages in the provision of consulting services in the United States. The company operates through three segments: Government Relations Consulting, Corporate Communications & Public Affairs Consulting Services, and Compliance and Insights Services. The Government Relations Consulting segment offers federal and state advocacy, strategic guidance, political intelligence, and issue monitoring services. The Public Affairs Consulting segment provides crisis communications, financial communications and investor relations, litigation support, community relations, social and digital media, public opinion research, branding and messaging, and relationship marketing. The compliance and insights services include lobbying compliance services and legislative tracking. The company was founded in 2014 and is headquartered in Washington, District Of Columbia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $187M | $-19M | $-39M | $25M | -52.1% | 24.7% | - |
| 2024 | $150M | $-7M | $-24M | $16M | -29.5% | 10.8% | - |
| 2023 | $135M | $2M | $-14M | $10M | -17.4% | 24.1% | - |
| 2022 | $109M | $-2M | $-15M | $21M | -19.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 108.81 | 134.99 | 149.56 | 186.54 |
| Cost Of Revenue | 0 | 0 | 132.29 | 167.89 |
| Gross Profit | 0 | 0 | 17.27 | 18.65 |
| Operating Expense | 113.58 | 137.62 | 31.08 | 37.47 |
| Operating Income | -4.77 | -2.63 | -13.81 | -18.82 |
| EBITDA | -1.85 | 1.94 | -6.63 | -19.50 |
| EBIT | -7.19 | -5.78 | -15.51 | -31.20 |
| Pretax Income | -7.21 | -6.74 | -17.41 | -34.60 |
| Tax Provision | 7.80 | 7.50 | 6.54 | 4.40 |
| Net Income | -15.01 | -14.24 | -23.96 | -39 |
| Net Income Common Stockholders | -15.01 | -14.24 | -31.35 | -41.43 |
| Total Expenses | 113.58 | 137.62 | 163.37 | 205.36 |
| Interest Expense | 0.02 | 0.96 | 1.90 | 3.40 |
| Interest Income | 0.01 | 0.02 | 0.18 | 0.08 |
| Selling General And Administration | 9.61 | 10.93 | 26.84 | 31.79 |
| Normalized EBITDA | 0.59 | 5.11 | -4.75 | -12.66 |
| Normalized Income | -13.08 | -11.74 | -22.47 | -22.47 |
| Basic EPS | -0.70 | -0.65 | -2.34 | -2.37 |
| Diluted EPS | -0.70 | -0.65 | -2.34 | -2.37 |
| Tax Effect Of Unusual Items | -0.51 | -0.67 | -0.39 | -2.74 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | -2.44 | -3.17 | -1.88 | -6.83 |
| Total Unusual Items Excluding Goodwill | -2.44 | -3.17 | -1.88 | -13.05 |
| Net Income From Continuing Operation Net Minority Interest | -15.01 | -14.24 | -23.96 | -39 |
| Reconciled Depreciation | 5.34 | 7.72 | 8.88 | 11.70 |
| Reconciled Cost Of Revenue | 0 | 0 | 132.29 | 167.89 |
| Net Interest Income | 0 | -0.94 | -1.72 | -3.32 |
| Net Income From Continuing And Discontinued Operation | -15.01 | -14.24 | -23.96 | -39 |
| Rent Expense Supplemental | 3.93 | 5.03 | 5.57 | 0 |
| Total Operating Income As Reported | -28.63 | -10.64 | -18.15 | -33.91 |
| Diluted Average Shares | 21.63 | 21.72 | 13.41 | 17.47 |
| Basic Average Shares | 21.63 | 21.72 | 13.41 | 17.47 |
| Diluted NI Availto Com Stockholders | -15.01 | -14.24 | -31.35 | -41.43 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 7.40 | 2.43 |
| Preferred Stock Dividends | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -15.01 | -14.24 | -23.96 | -39 |
| Net Income Continuous Operations | -15.01 | -14.24 | -23.96 | -39 |
| Other Non Operating Income Expenses | 0 | 0 | 0 | 0.59 |
| Special Income Charges | -2.44 | -3.17 | -1.88 | -13.05 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 2.89 |
| Restructuring And Mergern Acquisition | 2.44 | 3.17 | 1.88 | 3.94 |
| Net Non Operating Interest Income Expense | 0 | -0.94 | -1.72 | -3.32 |
| Interest Expense Non Operating | 0.02 | 0.96 | 1.90 | 3.40 |
| Interest Income Non Operating | 0.01 | 0.02 | 0.18 | 0.08 |
| Other Operating Expenses | 3.93 | 0 | 0 | 0 |
| Depreciation And Amortization In Income Statement | 2.23 | 4 | 4.24 | 5.68 |
| Depreciation Income Statement | 2.23 | 4 | 4.24 | 5.68 |
| General And Administrative Expense | 9.61 | 10.93 | 26.84 | 31.79 |
| Rent And Landing Fees | 3.93 | 5.03 | 5.57 | 0 |
| Operating Revenue | 108.81 | 134.99 | 149.56 | 186.54 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Public Policy Holding Company, Inc.this co. | PPHC | $404M | - | 4.62 | -52.1% | -35.39 |
| Park-Ohio Holdings Corp. | PKOH | $427M | 16.76 | 1.07 | 6.2% | 8.52 |
| Columbus McKinnon Corporation | CMCO | $424M | 70.33 | 0.45 | -0.6% | 5.80 |
| BlueLinx Holdings Inc. | BXC | $415M | 2640.50 | 0.67 | 0.0% | 9.98 |
| Costamare Bulkers Holdings Limited | CMDB |
| $412M |
| - |
| 0.62 |
| -5.6% |
| 41.33 |
| American Battery Technology Company | ABAT | $406M | - | 3.39 | -66.2% | -10.81 |
| Concrete Pumping Holdings, Inc. | BBCP | $394M | 86.78 | 1.51 | 2.4% | 8.43 |
| Radiant Logistics, Inc. | RLGT | $392M | 28.86 | 1.65 | 7.6% | 13.55 |
| Luxfer Holdings PLC | LXFR | $381M | 33.90 | 1.68 | 3.4% | 8.60 |
| Peer Median | - | 52.12 | 1.29 | 1.2% | 8.56 | |