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 85.62% on a QoQ basis from 35.82% in Q1 2026.
Perma-Pipe International Holdings (PPIH) Net Margin (2010 - 2026) Analysis & Trends
Perma-Pipe International Holdings (PPIH) has 17 years of Net Margin data on file, last reported at 5.15% in Q2 2026.
- Quarterly Net Margin fell 737.0% year-over-year to 5.15% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 14.7% (up 371.0% YoY) and the FY2026 annual result came in at 16.49%, up 720.0% from the prior year.
- Net Margin fell to 5.15% in Q2 2026, from 35.82% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 36.99% in Q1 2024 to a low of 3.79% in Q2 2023.
- A 5-year average of 10.13% and a median of 7.51% in 2022 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2025 — Net Margin plunged 2547 bps — and 2026, when it soared 2430 bps.
- Tracing PPIH's Net Margin over 5 years: stood at 4.56% in 2022, then jumped by 61 bps to 7.36% in 2023, then climbed by 13 bps to 8.31% in 2024, then jumped by 56 bps to 12.94% in 2025, then plunged by 60 bps to 5.15% in 2026.
- The last three Net Margin figures came in at 5.15% (Q2 2026), 35.82% (Q1 2026), and 12.94% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 14.72% |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 11.37% |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 7.89% |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 16.72% |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 16.25% |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 17.41% |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 8.24% |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 16.94% |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 11.55% |
| 10 | Perma-Pipe International Holdings | 217.53 Mn | 185.69 Mn | 14.64 Mn | 5.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 5.15% |
| Jan 31, 2026 | 35.82% |
| Oct 31, 2025 | 12.94% |
| Jul 31, 2025 | 2.63% |
| Apr 30, 2025 | 12.52% |
| Jan 31, 2025 | 11.52% |
| Oct 31, 2024 | 8.31% |
| Jul 31, 2024 | 11.42% |
| Apr 30, 2024 | 5.22% |
| Jan 31, 2024 | 36.99% |
| Oct 31, 2023 | 7.36% |
| Jul 31, 2023 | 3.33% |
| Apr 30, 2023 | -3.79% |
| Jan 31, 2023 | 18.49% |
| Oct 31, 2022 | 4.56% |
| Jul 31, 2022 | 5.05% |
| Apr 30, 2022 | -2.83% |
| Jan 31, 2022 | 7.65% |
| Oct 31, 2021 | 1.41% |
| Jul 31, 2021 | 8.58% |