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| 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 | 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% |