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 (PPIH) has 16 years of Asset Utilization Ratio data on file, last reported at 0.98 in Q2 2026.
- Quarterly Asset Utilization Ratio fell 1.77% year-over-year to 0.98 in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 0.98 (down 1.77% YoY) and the FY2026 annual result came in at 1.1, up 11.68% from the prior year.
- Asset Utilization Ratio rose to 0.98 in Q2 2026, from 0.97 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 1.18 in Q2 2022 to a low of 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.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio surged 47.0% — and 2024, when it decreased 12.37%.
- Tracing PPIH's Asset Utilization Ratio over 5 years: stood at 1.13 in 2022, then retreated by 9.8% to 1.02 in 2023, then dropped by 5.65% to 0.96 in 2024, then increased by 2.57% to 0.99 in 2025, then retreated by 1.25% to 0.98 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.98 (Q2 2026), 0.97 (Q1 2026), and 0.99 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 0.95 |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 0.65 |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 0.59 |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 1.43 |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 0.83 |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 1.20 |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 0.76 |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 0.71 |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 0.63 |
| 10 | Perma-Pipe International Holdings | 217.53 Mn | 185.69 Mn | 14.64 Mn | 0.98 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |