Perma-Pipe International Holdings (PPIH) Gross Margin (2010 - 2026)

Perma-Pipe International Holdings (PPIH) has reported Gross Margin for 17 consecutive years, with 29.12% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Gross Margin fell 666.0% year-over-year to 29.12%; the trailing twelve-month figure through Apr 2026 stood at 31.43% (down 338.0% YoY), and the FY2026 full-year result was 32.94%, down 68.0% from the prior year.
• Gross Margin retreated to 29.12% in Q2 2026 per PPIH's latest filing, from 31.45% in the prior quarter.
• Across five years, Gross Margin topped out at 35.92% in Q3 2024 and bottomed at 22.58% in Q2 2022.
• Historically, Gross Margin has averaged 29.72% across 5 years, with a median of 29.66% in 2022.
• The sharpest annual moves came in 2022 and 2026: Gross Margin surged 1335 bps in 2022, then tumbled 666 bps in 2026.
• Over 5 years, Gross Margin stood at 29.36% in 2022, then retreated by 2 bps to 28.86% in 2023, then climbed by 17 bps to 33.89% in 2024, then increased by 1 bps to 34.35% in 2025, then dropped by 15 bps to 29.12% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 29.12%, 31.45%, and 34.35% for Q2 2026, Q1 2026, and Q4 2025 respectively.