Perma-Pipe International Holdings (PPIH) Net Margin (2010 - 2026)
Perma-Pipe International Holdings' (PPIH) quarterly Net Margin came in at 5.15% in Q2 2026, down 737.0% on a YoY basis from 0.81% in Q2 2025, and down 78.23% quarter-over-quarter from 23.67% in Q1 2026.
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Perma-Pipe International Holdings (PPIH) Net Margin (2010 - 2026) Analysis & Trends
Perma-Pipe International Holdings (PPIH) has reported Net Margin for 17 consecutive years, with 5.15% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 737.0% year-over-year to 5.15%; the trailing twelve-month figure through Apr 2026 stood at 11.57% (down 121.0% YoY), and the FY2026 full-year result was 13.31%, up 209.0% from the prior year.
- Net Margin eased to 5.15% in Q2 2026 per PPIH's latest filing, from 23.67% in the prior quarter.
- Across five years, Net Margin topped out at 28.43% in Q1 2024 and bottomed at 3.79% in Q2 2023.
- Historically, Net Margin has averaged 10.09% across 5 years, with a median of 7.84% in 2023.
- The sharpest annual moves came in 2022 and 2025: Net Margin soared 2060 bps in 2022, then tumbled 1009 bps in 2025.
- Over 5 years, Net Margin stood at 4.56% in 2022, then soared by 61 bps to 7.36% in 2023, then increased by 13 bps to 8.31% in 2024, then soared by 56 bps to 12.94% in 2025, then slumped by 60 bps to 5.15% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 5.15%, 23.67%, and 12.94% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Parker-Hannifin | 117.96 Bn | 117.45 Bn | 2.25 Bn | 18.96% |
| 2 | Emerson Electric | 82.85 Bn | 80.67 Bn | 2.66 Bn | 14.73% |
| 3 | Ingersoll Rand | 28.47 Bn | 27.30 Bn | 862.60 Mn | 12.59% |
| 4 | Itt | 17.56 Bn | 16.97 Bn | 510.10 Mn | 5.87% |
| 5 | Idex | 16.38 Bn | 15.76 Bn | 426.80 Mn | 15.58% |
| 6 | Graco | 12.43 Bn | 11.93 Bn | 316.94 Mn | 24.54% |
| 7 | Watts Water Technologies | 11.74 Bn | 11.40 Bn | 374.10 Mn | 15.50% |
| 8 | Flowserve | 9.30 Bn | 8.57 Bn | 384.73 Mn | 8.69% |
| 9 | Pentair | 9.12 Bn | 9.03 Bn | 395.00 Mn | 13.79% |
| 10 | Perma-Pipe International Holdings | 239.30 Mn | 207.46 Mn | 14.64 Mn | 5.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 5.15% |
| Jan 31, 2026 | 23.67% |
| Oct 31, 2025 | 12.94% |
| Jul 31, 2025 | 2.63% |
| Apr 30, 2025 | 12.52% |
| Jan 31, 2025 | 18.33% |
| Oct 31, 2024 | 8.31% |
| Jul 31, 2024 | 11.42% |
| Apr 30, 2024 | 5.22% |
| Jan 31, 2024 | 28.43% |
| Oct 31, 2023 | 7.36% |
| Jul 31, 2023 | 3.33% |
| Apr 30, 2023 | -3.79% |
| Jan 31, 2023 | 23.67% |
| Oct 31, 2022 | 4.56% |
| Jul 31, 2022 | 5.05% |
| Apr 30, 2022 | -2.83% |
| Jan 31, 2022 | 15.73% |
| Oct 31, 2021 | 1.41% |
| Jul 31, 2021 | 8.58% |