Perma-Pipe International Holdings (PPIH) Gross Margin (2010 - 2026)
Perma-Pipe International Holdings' Gross Margin was 29.22% in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 0.89 percentage points from 30.11% a year earlier but up 0.10 percentage points from the prior quarter.
Perma-Pipe International Holdings (PPIH) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Perma-Pipe International Holdings' Gross Margin was 31.13% through Jul 31, 2026, down 2.21 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 32.94%, down 0.68 percentage points from FY2025.
- Gross Margin shows a five-year change of +19.75 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Gross Margin was 33.62% in FY2025 (+6.10 pp), 27.52% in FY2024 (+0.65 pp), 26.86% in FY2023 (+3.39 pp) and 23.48% in FY2022 (+10.28 pp).
- Quarterly Gross Margin has moved between 21.67% (fiscal Q3 2022) and 35.92% (fiscal Q2 2025) over five years.
- Compared with a year earlier, Gross Margin has declined for three straight quarters, with an average year-over-year change of -0.15 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q4 2022 (a gain of 13.35 percentage points); the worst was fiscal Q1 2027 (a drop of 6.66 percentage points).
- Per Business Quant data, PPIH's Gross Margin in the three fiscal quarters before Q2 2027 was 29.12% (Q1 2027), 31.45% (Q4 2026) and 34.35% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 340.33 Bn | 312.03 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 195.04 Bn | 189.62 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 171.72 Bn | 139.81 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 152.74 Bn | 149.93 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 120.82 Bn | 118.95 Bn | 2.25 Bn | 39.04% |
| 6 | Emerson Electric | 91.30 Bn | 84.04 Bn | 2.66 Bn | 54.48% |
| 7 | 3M | 90.37 Bn | 71.82 Bn | 2.78 Bn | 42.27% |
| 8 | Vertiv Holdings | 81.71 Bn | 72.33 Bn | 1.23 Bn | 37.71% |
| 9 | Illinois Tool Works | 79.34 Bn | 75.90 Bn | 1.90 Bn | 44.13% |
| 10 | Perma-Pipe International Holdings | 242.23 Mn | 136.20 Mn | 17.41 Mn | 29.22% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 29.22% |
| Apr 30, 2026 | 29.12% |
| Jan 31, 2026 | 31.45% |
| Oct 31, 2025 | 34.35% |
| Jul 31, 2025 | 30.11% |
| Apr 30, 2025 | 35.78% |
| Jan 31, 2025 | 33.72% |
| Oct 31, 2024 | 33.89% |
| Jul 31, 2024 | 35.92% |
| Apr 30, 2024 | 30.64% |
| Jan 31, 2024 | 29.95% |
| Oct 31, 2023 | 28.86% |
| Jul 31, 2023 | 26.93% |
| Apr 30, 2023 | 22.84% |
| Jan 31, 2023 | 28.09% |
| Oct 31, 2022 | 29.36% |
| Jul 31, 2022 | 26.72% |
| Apr 30, 2022 | 22.58% |
| Jan 31, 2022 | 24.67% |
| Oct 31, 2021 | 21.67% |
Perma-Pipe International Holdings Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PPIH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PPIH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PPIH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();