Perma-Pipe International Holdings (PPIH) FCF Margin (2010 - 2026)
Perma-Pipe International Holdings (PPIH) reported FCF Margin of 16.03% for Q1 2026, down 2648.0% on a YoY basis from 0.63% in Q1 2025, and down 179.35% quarter-over-quarter from 20.2% in Q4 2025.
Perma-Pipe International Holdings (PPIH) FCF Margin (2010 - 2026) Analysis & Trends
Perma-Pipe International Holdings has reported FCF Margin for 17 years, with the latest figure at 16.03% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 2648.0% year-over-year to 16.03%; the trailing twelve-month figure through Jan 2026 stood at 0.6% (down 758.0% YoY), and the FY2026 full-year result was 0.6%, down 758.0% from the prior year.
- FCF Margin for Q1 2026 stood at 16.03%, down from 20.2% in the prior quarter.
- The five-year high for FCF Margin was 20.2% in Q4 2025, with the low at 24.05% in Q2 2022.
- Historically, FCF Margin has averaged 0.36% across 5 years, with a median of 0.33% in 2023.
- Annual changes were most pronounced in 2023 — FCF Margin surged 2602 bps — and 2026, when it plunged 2648 bps.
- Perma-Pipe International Holdings' FCF Margin 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 tumbled by 179 bps to 16.03% in 2026.
- The last three FCF Margin figures came in at 16.03% (Q1 2026), 20.2% (Q4 2025), and 9.59% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 104.12 Bn | 103.07 Bn | 1.73 Bn | 11.00% |
| 2 | Johnson Controls International | 90.18 Bn | 89.65 Bn | 2.07 Bn | 9.16% |
| 3 | Carrier Global | 59.37 Bn | 58.35 Bn | 4.82 Bn | -0.52% |
| 4 | Lennox International | 18.36 Bn | 18.31 Bn | 351.30 Mn | -3.47% |
| 5 | Masco | 14.76 Bn | 14.64 Bn | 686.00 Mn | -5.89% |
| 6 | Carlisle Companies | 14.18 Bn | 13.41 Bn | 363.20 Mn | -6.94% |
| 7 | SPX Technologies | 11.43 Bn | 11.27 Bn | 230.60 Mn | 1.99% |
| 8 | Aaon | 10.57 Bn | 10.57 Bn | 109.77 Mn | -10.18% |
| 9 | Advanced Drainage Systems | 10.54 Bn | 10.39 Bn | 237.66 Mn | -1.94% |
| 10 | Perma-Pipe International Holdings | 205.36 Mn | 198.73 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% |