Growth Metrics

Perma-Pipe International Holdings (PPIH) Equity Ratio (2011 - 2026)

Perma-Pipe International Holdings posted quarterly Equity Ratio of 0.42 for Q1 2026, down 4.54% year-on-year from 0.44 in Q1 2025, and up 5.45% on a QoQ basis from 0.4 in Q4 2025.

Perma-Pipe International Holdings (PPIH) has 16 years of Equity Ratio data on file, last reported at 0.42 in Q1 2026.

  • For the quarter ending Q1 2026, Equity Ratio fell 4.54% year-over-year to 0.42; the trailing twelve-month figure through Jan 2026 stood at 0.42 (down 4.54% YoY), and the FY2026 full-year result was 0.42, down 4.54% from the prior year.
  • Equity Ratio for Q1 2026 stood at 0.42, up from 0.4 in the prior quarter.
  • Across five years, Equity Ratio topped out at 0.47 in Q1 2023 and bottomed at 0.4 in Q4 2023.
  • The 5-year median for Equity Ratio is 0.43 (2022), against an average of 0.43.
  • The widest annual swing landed in 2024, when Equity Ratio rose 12.13%; it then declined 10.79% in 2025.
  • A 5-year view of Equity Ratio shows it stood at 0.44 in 2022, then decreased by 9.28% to 0.4 in 2023, then rose by 12.13% to 0.44 in 2024, then retreated by 10.79% to 0.4 in 2025, then climbed by 5.45% to 0.42 in 2026.
  • The last three Equity Ratio figures came in at 0.42 (Q1 2026), 0.4 (Q4 2025), and 0.42 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Trane Technologies 99.95 Bn 98.89 Bn 1.73 Bn 0.38
2 Johnson Controls International 84.54 Bn 84.01 Bn 2.07 Bn 0.35
3 Carrier Global 52.72 Bn 51.70 Bn 4.82 Bn 0.37
4 Lennox International 16.87 Bn 16.82 Bn 351.30 Mn 0.28
5 Masco 13.72 Bn 13.60 Bn 686.00 Mn -0.05
6 Carlisle Companies 13.62 Bn 12.85 Bn 363.20 Mn 0.28
7 Aaon 10.97 Bn 10.97 Bn 109.77 Mn 0.53
8 SPX Technologies 10.37 Bn 10.22 Bn 230.60 Mn 0.59
9 Advanced Drainage Systems 10.34 Bn 10.19 Bn 237.66 Mn 0.41
10 Perma-Pipe International Holdings 251.39 Mn 244.76 Mn 17.34 Mn 0.42

Historic Data

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DateValue
Jan 31, 2026 0.42
Oct 31, 2025 0.40
Jul 31, 2025 0.42
Apr 30, 2025 0.44
Jan 31, 2025 0.44
Oct 31, 2024 0.44
Jul 31, 2024 0.43
Apr 30, 2024 0.42
Jan 31, 2024 0.42
Oct 31, 2023 0.40
Jul 31, 2023 0.40
Apr 30, 2023 0.45
Jan 31, 2023 0.47
Oct 31, 2022 0.44
Jul 31, 2022 0.42
Apr 30, 2022 0.43
Jan 31, 2022 0.44
Oct 31, 2021 0.43
Jul 31, 2021 0.43
Apr 30, 2021 0.44
Jan 31, 2021 0.48
Oct 31, 2020 0.51
Jul 31, 2020 0.53
Apr 30, 2020 0.50
Jan 31, 2020 0.50
Oct 31, 2019 0.47
Jul 31, 2019 0.48
Apr 30, 2019 0.47
Jan 31, 2019 0.51
Oct 31, 2018 0.49
Jul 31, 2018 0.53
Apr 30, 2018 0.50
Jan 31, 2018 0.49
Oct 31, 2017 0.52
Jul 31, 2017 0.55
Apr 30, 2017 0.57
Jan 31, 2017 0.58
Oct 31, 2016 0.57
Jul 31, 2016 0.59
Apr 30, 2016 0.52
Jan 31, 2016 0.50
Oct 31, 2015 0.42
Jul 31, 2015 0.43
Apr 30, 2015 0.48
Jan 31, 2015 0.49
Oct 31, 2014 0.52
Jul 31, 2014 0.51
Apr 30, 2014 0.49
Jan 31, 2014 0.46
Oct 31, 2013 0.44
Jul 31, 2013 0.42
Apr 30, 2013 0.39
Jan 31, 2013 0.36
Oct 31, 2012 0.42
Jul 31, 2012 0.41
Apr 30, 2012 0.42
Jan 31, 2012 0.46
Oct 31, 2011 0.45
Jul 31, 2011 0.45
Jan 31, 2011 0.48