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
DateValue
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