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% YoY from 0.81% in Q2 2025, and down 78.23% on a QoQ basis from 23.67% in Q1 2026.

Perma-Pipe International Holdings (PPIH) Net Margin (2010 - 2026) Analysis & Trends

Perma-Pipe International Holdings' Net Margin history runs 17 years deep, the most recent figure standing at 5.15% for Q2 2026.

  • On a quarterly basis, Net Margin fell 737.0% year-over-year to 5.15% in Q2 2026; TTM through Apr 2026 was 11.57%, a 216.0% decrease from a year earlier, with the FY2026 full-year figure at 13.31%, up 107.0% from the prior year.
  • Net Margin was 5.15% for Q2 2026 at Perma-Pipe International Holdings, down from 23.67% in the prior quarter.
  • Over the last five years, Net Margin for PPIH reached as high as 45.65% in Q1 2024 and fell as low as 30.84% in Q1 2023.
  • A 5-year average of 8.25% and a median of 6.29% in 2023 frame the typical range for Net Margin.
  • The widest annual swing landed in 2023, when Net Margin tumbled 4707 bps; it then soared 7648 bps in 2024.
  • Tracing PPIH's Net Margin over 5 years: stood at 4.56% in 2022, then soared by 61 bps to 7.36% in 2023, then advanced by 13 bps to 8.31% in 2024, then soared by 56 bps to 12.94% in 2025, then sank 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 Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn -0.20%
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn -1.04%
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 4.47%
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 10.33%
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 11.89%
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn -
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn -0.79%
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 1.55%
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 7.55%
10 Perma-Pipe International Holdings 234.43 Mn 219.08 Mn 14.64 Mn 5.15%

Historic Data

Download Data
DateValue
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 21.93%
Oct 31, 2024 8.31%
Jul 31, 2024 11.42%
Apr 30, 2024 5.22%
Jan 31, 2024 45.65%
Oct 31, 2023 7.36%
Jul 31, 2023 3.33%
Apr 30, 2023 -3.79%
Jan 31, 2023 -30.84%
Oct 31, 2022 4.56%
Jul 31, 2022 5.05%
Apr 30, 2022 -2.83%
Jan 31, 2022 16.23%
Oct 31, 2021 1.41%
Jul 31, 2021 8.58%