Perma-Pipe International Holdings (PPIH) FCF Margin (2010 - 2026)
Perma-Pipe International Holdings' (PPIH) quarterly FCF Margin came in at 9.66% in Q2 2026, up 1008.0% YoY from 0.87% in Q2 2025, and up 160.27% on a QoQ basis from 16.03% in Q1 2026.
Perma-Pipe International Holdings (PPIH) FCF Margin (2010 - 2026) Analysis & Trends
Perma-Pipe International Holdings (PPIH) has 17 years of FCF Margin data on file, last reported at 9.66% in Q2 2026.
- Quarterly FCF Margin rose 1008.0% year-over-year to 9.66% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 1.76% (down 498.0% YoY) and the FY2026 annual result came in at 0.6%, down 758.0% from the prior year.
- FCF Margin improved to 9.66% in Q2 2026, from 16.03% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 20.2% in Q4 2025 to a low of 24.05% in Q2 2022.
- A 5-year average of 0.2% and a median of 1.15% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2023 — FCF Margin surged 2602 bps — and 2026, when it plunged 2648 bps.
- Tracing PPIH's FCF Margin over 5 years: stood at 12.84% in 2022, then sank by 54 bps to 5.86% in 2023, then surged by 99 bps to 11.64% in 2024, then surged by 73 bps to 20.2% in 2025, then plunged by 52 bps to 9.66% in 2026.
- The last three FCF Margin figures came in at 9.66% (Q2 2026), 16.03% (Q1 2026), and 20.2% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 16.09% |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | - |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 12.75% |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 22.74% |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 12.74% |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 8.82% |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 7.22% |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 20.30% |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 10.09% |
| 10 | Perma-Pipe International Holdings | 217.53 Mn | 185.69 Mn | 14.64 Mn | 9.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 9.66% |
| Jan 31, 2026 | -16.03% |
| Oct 31, 2025 | 20.20% |
| Jul 31, 2025 | -9.59% |
| Apr 30, 2025 | -0.41% |
| Jan 31, 2025 | 10.45% |
| Oct 31, 2024 | 11.64% |
| Jul 31, 2024 | 5.79% |
| Apr 30, 2024 | -1.93% |
| Jan 31, 2024 | 10.48% |
| Oct 31, 2023 | 5.86% |
| Jul 31, 2023 | -10.95% |
| Apr 30, 2023 | 1.97% |
| Jan 31, 2023 | 0.33% |
| Oct 31, 2022 | 12.84% |
| Jul 31, 2022 | -15.39% |
| Apr 30, 2022 | -24.05% |
| Jan 31, 2022 | -7.29% |
| Oct 31, 2021 | 11.80% |
| Jul 31, 2021 | -8.26% |