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
DateValue
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%