Growth Metrics

Perma-Pipe International Holdings (PPIH) Gross Margin (2016 - 2025)

Perma-Pipe International Holdings (PPIH) has disclosed Gross Margin for 16 consecutive years, with 34.35% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin rose 46.0% year-over-year to 34.35%, compared with a TTM value of 33.53% through Oct 2025, up 90.0%, and an annual FY2025 reading of 33.62%, up 610.0% over the prior year.
  • Gross Margin was 34.35% for Q4 2025 at Perma-Pipe International Holdings, up from 30.11% in the prior quarter.
  • Across five years, Gross Margin topped out at 35.92% in Q3 2024 and bottomed at 11.32% in Q1 2021.
  • Average Gross Margin over 5 years is 27.64%, with a median of 28.47% recorded in 2023.
  • Peak annual rise in Gross Margin hit 1538bps in 2021, while the deepest fall reached -1047bps in 2021.
  • Year by year, Gross Margin stood at 21.67% in 2021, then surged by 35bps to 29.36% in 2022, then fell by -2bps to 28.86% in 2023, then grew by 17bps to 33.89% in 2024, then rose by 1bps to 34.35% in 2025.
  • Business Quant data shows Gross Margin for PPIH at 34.35% in Q4 2025, 30.11% in Q3 2025, and 35.78% in Q2 2025.