Perma-Pipe International Holdings (PPIH) Cost of Revenue (2010 - 2026)
Perma-Pipe International Holdings' (PPIH) quarterly Cost of Revenue came in at $35.6 million in Q2 2026, up 18.67% YoY from $30.0 million in Q2 2025, and down 74.16% on a QoQ basis from $137.9 million in Q1 2026.
Perma-Pipe International Holdings (PPIH) Cost of Revenue (2010 - 2026) Analysis & Trends
Perma-Pipe International Holdings' Cost of Revenue history runs 17 years deep, the most recent figure standing at $35.6 million for Q2 2026.
- On a quarterly basis, Cost of Revenue rose 18.67% year-over-year to $35.6 million in Q2 2026; TTM through Apr 2026 was $214.9 million, a 244.55% increase from a year earlier, with the FY2026 full-year figure at $141.4 million, up 34.53% from the prior year.
- Cost of Revenue was $35.6 million for Q2 2026 at Perma-Pipe International Holdings, down from $137.9 million in the prior quarter.
- Over the last five years, Cost of Revenue for PPIH reached as high as $137.9 million in Q1 2026 and fell as low as $1.1 million in Q1 2022.
- A 5-year average of $20.3 million and a median of $1.5 million in 2023 frame the typical range for Cost of Revenue.
- The widest annual swing landed in 2022, when Cost of Revenue sank 95.25%; it then surged 3331.03% in 2025.
- Tracing PPIH's Cost of Revenue over 5 years: stood at $1.3 million in 2022, then gained by 12.29% to $1.5 million in 2023, then retreated by 20.46% to $1.2 million in 2024, then surged by 3331.03% to $40.1 million in 2025, then decreased by 11.24% to $35.6 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $35.6 million, $137.9 million, and $40.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 3.24 Bn |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 3.72 Bn |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 525.00 Mn |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 783.80 Mn |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | 1.23 Bn |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 688.90 Mn |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 336.20 Mn |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | 1.55 Bn |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 314.45 Mn |
| 10 | Perma-Pipe International Holdings | 234.43 Mn | 219.08 Mn | 14.64 Mn | 35.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 35.63 Mn |
| Apr 30, 2026 | 35.63 Mn |
| Jan 31, 2026 | 137.89 Mn |
| Jan 31, 2026 | 137.89 Mn |
| Oct 31, 2025 | 40.14 Mn |
| Oct 31, 2025 | 40.14 Mn |
| Jul 31, 2025 | 1.20 Mn |
| Jul 31, 2025 | 1.20 Mn |
| Apr 30, 2025 | 30.02 Mn |
| Apr 30, 2025 | 30.02 Mn |
| Jan 31, 2025 | 29.82 Mn |
| Jan 31, 2025 | 29.82 Mn |
| Oct 31, 2024 | 1.17 Mn |
| Oct 31, 2024 | 1.17 Mn |
| Jul 31, 2024 | 1.35 Mn |
| Jul 31, 2024 | 1.35 Mn |
| Apr 30, 2024 | 1.24 Mn |
| Apr 30, 2024 | 1.24 Mn |
| Jan 31, 2024 | 28.15 Mn |
| Jan 31, 2024 | 28.15 Mn |