Perma-Pipe International Holdings (PPIH) Asset Utilization Ratio (2011 - 2026)

Perma-Pipe International Holdings' (PPIH) quarterly Asset Utilization Ratio came in at 0.98 in Q2 2026, down 1.77% YoY from 0.99 in Q2 2025, and up 0.6% on a QoQ basis from 0.97 in Q1 2026.

Perma-Pipe International Holdings (PPIH) Asset Utilization Ratio (2011 - 2026) Analysis & Trends

Perma-Pipe International Holdings' Asset Utilization Ratio history runs 16 years deep, the most recent figure standing at 0.98 for Q2 2026.

  • On a quarterly basis, Asset Utilization Ratio fell 1.77% year-over-year to 0.98 in Q2 2026; TTM through Apr 2026 was 0.98, a 1.77% decrease from a year earlier, with the FY2026 full-year figure at 1.1, up 11.68% from the prior year.
  • Asset Utilization Ratio was 0.98 for Q2 2026 at Perma-Pipe International Holdings, up from 0.97 in the prior quarter.
  • Over the last five years, Asset Utilization Ratio for PPIH reached as high as 1.18 in Q2 2022 and fell as low as 0.96 in Q4 2024.
  • A 5-year average of 1.04 and a median of 1.01 in 2024 frame the typical range for Asset Utilization Ratio.
  • The widest annual swing landed in 2022, when Asset Utilization Ratio jumped 47.0%; it then dropped 12.37% in 2024.
  • Tracing PPIH's Asset Utilization Ratio over 5 years: stood at 1.13 in 2022, then fell by 9.8% to 1.02 in 2023, then slipped by 5.65% to 0.96 in 2024, then grew by 2.57% to 0.99 in 2025, then fell by 1.25% to 0.98 in 2026.
  • According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.98, 0.97, and 0.99 for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 0.98
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 0.63
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 0.59
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 1.26
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 1.47
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 0.81
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 0.63
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 0.71
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 0.90
10 Perma-Pipe International Holdings 234.43 Mn 219.08 Mn 14.64 Mn 0.98

Historic Data

Download Data
DateValue
Apr 30, 2026 0.98
Jan 31, 2026 0.97
Oct 31, 2025 0.99
Jul 31, 2025 0.99
Apr 30, 2025 0.99
Jan 31, 2025 0.97
Oct 31, 2024 0.96
Jul 31, 2024 1.01
Apr 30, 2024 1.00
Jan 31, 2024 1.00
Oct 31, 2023 1.02
Jul 31, 2023 1.04
Apr 30, 2023 1.14
Jan 31, 2023 1.15
Oct 31, 2022 1.13
Jul 31, 2022 1.13
Apr 30, 2022 1.18
Jan 31, 2022 1.13
Oct 31, 2021 0.99
Jul 31, 2021 0.91