Perma-Pipe International Holdings (PPIH) Operating Expenses (2010 - 2026)

Perma-Pipe International Holdings' (PPIH) quarterly Operating Expenses came in at $10.0 million in Q2 2026, up 13.17% YoY from $8.8 million in Q2 2025, and down 3.55% on a QoQ basis from $10.4 million in Q1 2026.

Perma-Pipe International Holdings (PPIH) Operating Expenses (2010 - 2026) Analysis & Trends

Perma-Pipe International Holdings' Operating Expenses history runs 17 years deep, the most recent figure standing at $10.0 million for Q2 2026.

  • On a quarterly basis, Operating Expenses rose 13.17% year-over-year to $10.0 million in Q2 2026; TTM through Apr 2026 was $41.2 million, a 19.78% increase from a year earlier, with the FY2026 full-year figure at $40.0 million, up 21.53% from the prior year.
  • Operating Expenses was $10.0 million for Q2 2026 at Perma-Pipe International Holdings, down from $10.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for PPIH reached as high as $11.2 million in Q3 2025 and fell as low as $6.4 million in Q1 2022.
  • A 5-year average of $8.0 million and a median of $7.4 million in 2024 frame the typical range for Operating Expenses.
  • The widest annual swing landed in 2023, when Operating Expenses decreased 2.76%; it then soared 53.25% in 2025.
  • Tracing PPIH's Operating Expenses over 5 years: stood at $6.6 million in 2022, then increased by 8.36% to $7.1 million in 2023, then grew by 18.96% to $8.5 million in 2024, then gained by 12.96% to $9.6 million in 2025, then advanced by 4.13% to $10.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $10.0 million, $10.4 million, and $9.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 952.00 Mn
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 1.22 Bn
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 5.10 Bn
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 185.20 Mn
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 369.00 Mn
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 183.90 Mn
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 14.50 Mn
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn -
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 65.81 Mn
10 Perma-Pipe International Holdings 234.43 Mn 219.08 Mn 14.64 Mn 10.00 Mn

Historic Data

Download Data
DateValue
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
Jul 31, 2021 6.66 Mn