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 (PPIH) has 17 years of Operating Expenses data on file, last reported at $10.0 million in Q2 2026.
- Quarterly Operating Expenses rose 13.17% year-over-year to $10.0 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $41.2 million (up 19.78% YoY) and the FY2026 annual result came in at $40.0 million, up 21.53% from the prior year.
- Operating Expenses declined to $10.0 million in Q2 2026, from $10.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $11.2 million in Q3 2025 to a low of $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.
- Annual changes were most pronounced in 2023 — Operating Expenses fell 2.76% — and 2025, when it jumped 53.25%.
- Tracing PPIH's Operating Expenses over 5 years: stood at $6.6 million in 2022, then rose by 8.36% to $7.1 million in 2023, then increased by 18.96% to $8.5 million in 2024, then advanced by 12.96% to $9.6 million in 2025, then climbed by 4.13% to $10.0 million in 2026.
- The last three Operating Expenses figures came in at $10.0 million (Q2 2026), $10.4 million (Q1 2026), and $9.6 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 1.04 Bn |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 1.49 Bn |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 5.58 Bn |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 397.00 Mn |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 210.70 Mn |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 183.10 Mn |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 311.00 Mn |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 130.82 Mn |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 15.80 Mn |
| 10 | Perma-Pipe International Holdings | 217.53 Mn | 185.69 Mn | 14.64 Mn | 10.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |