Growth Metrics

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

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DateValue
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