Perma-Pipe International Holdings (PPIH) Operating Expenses (2010 - 2026)
Perma-Pipe International Holdings (PPIH) reported Operating Expenses of $13.15 million for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 17.1% from $11.24 million a year earlier and up 31.5% from the prior quarter.
Perma-Pipe International Holdings (PPIH) Operating Expenses (2010 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Perma-Pipe International Holdings' Operating Expenses came in at $43.12 million, up 12.6% year-over-year; for FY2026 (ended Jan 31, 2026), it was $40.04 million, up 21.5% from FY2025.
- Operating Expenses has increased for five consecutive fiscal years, with a five-year compound annual growth rate of 12.2% (FY2021 to FY2026).
- By fiscal year, Operating Expenses came in at $32.95 million in FY2025 (+17.3%), $28.1 million in FY2024 (+3.5%), $27.16 million in FY2023 (+11.2%) and $24.42 million in FY2022 (+8.3%).
- The fiscal Q2 2027 figure ranks as the highest quarterly Operating Expenses in data going back to fiscal Q2 2011.
- Year over year, Operating Expenses has now increased in each of the last 13 quarters, with growth averaging 21.5% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was fiscal Q2 2026 (growth of 53.2%); the low point was fiscal Q1 2024 (a decline of 2.8%).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at $10 million (Q1 2027), $10.37 million (Q4 2026) and $9.6 million (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 16.25 Bn |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 963.40 Mn |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 10.73 Bn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 1.46 Bn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 874.00 Mn |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 490.50 Mn |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 1.34 Bn |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 5.52 Bn |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | - |
| 10 | Perma-Pipe International Holdings | 252.08 Mn | 163.56 Mn | 17.41 Mn | 13.15 Mn |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 13.15 Mn |
| Apr 30, 2026 | 10.00 Mn |
| 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 |
Perma-Pipe International Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=PPIH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "PPIH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=PPIH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();