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| 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 |