Perma-Pipe International Holdings (PPIH) EBITDA Margin (2010 - 2026)

Perma-Pipe International Holdings' (PPIH) quarterly EBITDA Margin came in at 9.23% in Q2 2026, down 765.0% YoY from 1.39% in Q2 2025, and down 27.03% on a QoQ basis from 12.64% in Q1 2026.

Perma-Pipe International Holdings (PPIH) EBITDA Margin (2010 - 2026) Analysis & Trends

Perma-Pipe International Holdings' EBITDA Margin history runs 17 years deep, the most recent figure standing at 9.23% for Q2 2026.

  • On a quarterly basis, EBITDA Margin fell 765.0% year-over-year to 9.23% in Q2 2026; TTM through Apr 2026 was 12.22%, a 245.0% decrease from a year earlier, with the FY2026 full-year figure at 13.96%, up 114.0% from the prior year.
  • EBITDA Margin was 9.23% for Q2 2026 at Perma-Pipe International Holdings, down from 12.64% in the prior quarter.
  • Over the last five years, EBITDA Margin for PPIH reached as high as 18.65% in Q4 2025 and fell as low as 16.73% in Q1 2024.
  • A 5-year average of 6.47% and a median of 9.18% in 2024 frame the typical range for EBITDA Margin.
  • The widest annual swing landed in 2022, when EBITDA Margin sank 4110 bps; it then surged 2882 bps in 2025.
  • Tracing PPIH's EBITDA Margin over 5 years: stood at 11.97% in 2022, then grew by 10 bps to 13.22% in 2023, then climbed by 2 bps to 13.44% in 2024, then jumped by 39 bps to 18.65% in 2025, then sank by 51 bps to 9.23% in 2026.
  • According to Business Quant data, EBITDA Margin over the past three periods registered 9.23%, 12.64%, and 18.65% for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 15.62%
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 14.71%
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 4.85%
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 14.40%
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 16.48%
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 11.19%
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 9.46%
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 7.88%
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 10.36%
10 Perma-Pipe International Holdings 234.43 Mn 219.08 Mn 14.64 Mn 9.23%

Historic Data

Download Data
DateValue
Apr 30, 2026 9.23%
Jan 31, 2026 12.64%
Oct 31, 2025 18.65%
Jul 31, 2025 6.65%
Apr 30, 2025 16.88%
Jan 31, 2025 12.09%
Oct 31, 2024 13.44%
Jul 31, 2024 16.37%
Apr 30, 2024 9.13%
Jan 31, 2024 -16.73%
Oct 31, 2023 13.22%
Jul 31, 2023 7.66%
Apr 30, 2023 0.25%
Jan 31, 2023 -16.51%
Oct 31, 2022 11.97%
Jul 31, 2022 8.99%
Apr 30, 2022 0.51%
Jan 31, 2022 -7.89%
Oct 31, 2021 4.80%
Jul 31, 2021 10.27%