Perma-Pipe International Holdings (PPIH) Operating Expenses (2010 - 2026)
Perma-Pipe International Holdings posted quarterly Operating Expenses of $10.4 million for Q1 2026, up 6.51% year-on-year from $9.7 million in Q1 2025, and up 7.97% on a QoQ basis from $9.6 million in Q4 2025.
Perma-Pipe International Holdings (PPIH) has 17 years of Operating Expenses data on file, last reported at $10.4 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 6.51% year-over-year to $10.4 million; the trailing twelve-month figure through Jan 2026 stood at $40.0 million (up 21.52% YoY), and the FY2026 full-year result was $40.0 million, up 21.53% from the prior year.
- Operating Expenses for Q1 2026 stood at $10.4 million, up from $9.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $11.2 million in Q3 2025 and bottomed at $6.4 million in Q1 2022.
- The 5-year median for Operating Expenses is $7.3 million (2024), against an average of $7.9 million.
- The widest annual swing landed in 2023, when Operating Expenses fell 2.76%; it then jumped 53.25% in 2025.
- A 5-year view of Operating Expenses shows it stood at $6.6 million in 2022, then gained by 8.36% to $7.1 million in 2023, then rose by 18.96% to $8.5 million in 2024, then climbed by 12.96% to $9.6 million in 2025, then climbed by 7.97% to $10.4 million in 2026.
- The last three Operating Expenses figures came in at $10.4 million (Q1 2026), $9.6 million (Q4 2025), and $11.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 952.00 Mn |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 1.22 Bn |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 5.10 Bn |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 185.20 Mn |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 369.00 Mn |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 183.90 Mn |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 65.81 Mn |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 14.50 Mn |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | - |
| 10 | Perma-Pipe International Holdings | 251.39 Mn | 244.76 Mn | 17.34 Mn | 10.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 10.37 Mn |
| Oct 31, 2025 | 9.60 Mn |
| Jul 31, 2025 | 11.24 Mn |
| Apr 30, 2025 | 8.84 Mn |
| Jan 31, 2025 | 9.73 Mn |
| Oct 31, 2024 | 8.50 Mn |
| Jul 31, 2024 | 7.33 Mn |
| Apr 30, 2024 | 7.38 Mn |
| Jan 31, 2024 | 7.48 Mn |
| Oct 31, 2023 | 7.15 Mn |
| Jul 31, 2023 | 6.77 Mn |
| Apr 30, 2023 | 6.70 Mn |
| Jan 31, 2023 | 7.11 Mn |
| Oct 31, 2022 | 6.59 Mn |
| Jul 31, 2022 | 6.56 Mn |
| Apr 30, 2022 | 6.89 Mn |
| Jan 31, 2022 | 6.38 Mn |
| Oct 31, 2021 | 5.94 Mn |
| Jul 31, 2021 | 6.66 Mn |
| Apr 30, 2021 | 5.45 Mn |
| Jan 31, 2021 | 5.08 Mn |
| Oct 31, 2020 | 5.70 Mn |
| Jul 31, 2020 | 5.82 Mn |
| Apr 30, 2020 | 5.95 Mn |
| Jan 31, 2020 | 6.23 Mn |
| Oct 31, 2019 | 5.99 Mn |
| Jul 31, 2019 | 6.23 Mn |
| Apr 30, 2019 | 5.70 Mn |
| Jan 31, 2019 | 4.43 Mn |
| Oct 31, 2018 | 5.80 Mn |
| Jul 31, 2018 | 5.25 Mn |
| Apr 30, 2018 | 5.12 Mn |
| Jan 31, 2018 | 4.88 Mn |
| Oct 31, 2017 | 5.61 Mn |
| Jul 31, 2017 | 5.16 Mn |
| Apr 30, 2017 | 5.60 Mn |
| Jan 31, 2017 | 6.67 Mn |
| Oct 31, 2016 | 4.87 Mn |
| Jul 31, 2016 | 5.17 Mn |
| Apr 30, 2016 | 6.50 Mn |
| Jan 31, 2016 | 5.49 Mn |
| Oct 31, 2015 | 6.79 Mn |
| Jul 31, 2015 | 5.66 Mn |
| Apr 30, 2015 | 5.93 Mn |
| Jan 31, 2015 | -2.06 Mn |
| Oct 31, 2014 | 7.96 Mn |
| Jul 31, 2014 | 8.75 Mn |
| Apr 30, 2014 | 10.28 Mn |
| Jan 31, 2014 | 10.19 Mn |
| Oct 31, 2013 | 10.10 Mn |
| Jul 31, 2013 | 8.66 Mn |
| Apr 30, 2013 | 10.19 Mn |
| Jan 31, 2013 | 10.87 Mn |
| Oct 31, 2012 | 8.49 Mn |
| Jul 31, 2012 | 8.19 Mn |
| Apr 30, 2012 | 9.13 Mn |
| Jan 31, 2012 | 10.60 Mn |
| Oct 31, 2011 | 10.20 Mn |
| Jul 31, 2011 | 10.70 Mn |
| Apr 30, 2011 | 9.89 Mn |
| Jan 31, 2011 | -4.44 Mn |
| Oct 31, 2010 | 7.04 Mn |
| Jul 31, 2010 | 10.92 Mn |