Perma-Pipe International Holdings (PPIH) Net Margin (2010 - 2026)
Perma-Pipe International Holdings posted quarterly Net Margin of 53.16% for Q1 2026, down 1321.0% year-on-year from 4.35% in Q1 2025, and down 510.71% on a QoQ basis from 12.94% in Q4 2025.
Perma-Pipe International Holdings (PPIH) has 17 years of Net Margin data on file, last reported at 53.16% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 1321.0% year-over-year to 53.16%; the trailing twelve-month figure through Jan 2026 stood at 6.77% (down 144.0% YoY), and the FY2026 full-year result was 6.77%, down 144.0% from the prior year.
- Net Margin for Q1 2026 stood at 53.16%, down from 12.94% in the prior quarter.
- Across five years, Net Margin topped out at 24.99% in Q1 2023 and bottomed at 53.16% in Q1 2026.
- The 5-year median for Net Margin is 5.05% (2022), against an average of 0.39%.
- The widest annual swing landed in 2022, when Net Margin surged 3129 bps; it then plunged 4647 bps in 2024.
- A 5-year view of Net Margin shows it stood at 4.56% in 2022, then surged by 61 bps to 7.36% in 2023, then grew by 13 bps to 8.31% in 2024, then surged by 56 bps to 12.94% in 2025, then tumbled by 511 bps to 53.16% in 2026.
- The last three Net Margin figures came in at 53.16% (Q1 2026), 12.94% (Q4 2025), and 2.63% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | -0.20% |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | -1.04% |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 4.47% |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 10.33% |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 11.89% |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | - |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 7.55% |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | -0.79% |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 1.55% |
| 10 | Perma-Pipe International Holdings | 251.39 Mn | 244.76 Mn | 17.34 Mn | -53.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -53.16% |
| Oct 31, 2025 | 12.94% |
| Jul 31, 2025 | 2.63% |
| Apr 30, 2025 | 12.52% |
| Jan 31, 2025 | -39.94% |
| Oct 31, 2024 | 8.31% |
| Jul 31, 2024 | 11.42% |
| Apr 30, 2024 | 5.22% |
| Jan 31, 2024 | -21.48% |
| Oct 31, 2023 | 7.36% |
| Jul 31, 2023 | 3.33% |
| Apr 30, 2023 | -3.79% |
| Jan 31, 2023 | 24.99% |
| 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% |
| Apr 30, 2021 | -3.45% |
| Jan 31, 2021 | -15.06% |
| Oct 31, 2020 | -14.04% |
| Jul 31, 2020 | 1.31% |
| Apr 30, 2020 | -11.09% |
| Jan 31, 2020 | 3.42% |
| Oct 31, 2019 | -0.42% |
| Jul 31, 2019 | 10.15% |
| Apr 30, 2019 | -6.19% |
| Jan 31, 2019 | 10.06% |
| Oct 31, 2018 | -0.40% |
| Jul 31, 2018 | -0.85% |
| Apr 30, 2018 | -3.87% |
| Jan 31, 2017 | -0.79% |
| Oct 31, 2016 | -0.80% |
| Jul 31, 2016 | 5.73% |
| Apr 30, 2016 | -0.87% |
| Jan 31, 2016 | -14.10% |
| Oct 31, 2015 | -0.73% |
| Jul 31, 2015 | -0.49% |
| Apr 30, 2015 | -6.43% |
| Jan 31, 2015 | 14.10% |
| Oct 31, 2014 | 0.60% |
| Jul 31, 2014 | -0.21% |
| Apr 30, 2014 | -0.62% |
| Jan 31, 2014 | -2.39% |
| Oct 31, 2013 | 0.39% |
| Jul 31, 2013 | -0.14% |
| Apr 30, 2013 | 17.13% |
| Jan 31, 2013 | 3.93% |
| Oct 31, 2012 | 0.69% |
| Jul 31, 2012 | -0.28% |
| Apr 30, 2012 | 1.22% |
| Jan 31, 2012 | -5.17% |
| Oct 31, 2011 | 0.96% |
| Jul 31, 2011 | -2.87% |
| Apr 30, 2011 | -2.79% |
| Jan 31, 2011 | -3.31% |
| Oct 31, 2010 | 6.06% |
| Jul 31, 2010 | 4.66% |