Perma-Pipe International Holdings (PPIH) Operating Income (2010 - 2026)
Perma-Pipe International Holdings' (PPIH) quarterly Operating Income came in at $4.6 million in Q2 2026, down 41.22% YoY from $7.9 million in Q2 2025, and down 33.47% on a QoQ basis from $7.0 million in Q1 2026.
Perma-Pipe International Holdings (PPIH) Operating Income (2010 - 2026) Analysis & Trends
Perma-Pipe International Holdings (PPIH) has 17 years of Operating Income data on file, last reported at $4.6 million in Q2 2026.
- Quarterly Operating Income fell 41.22% year-over-year to $4.6 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $26.2 million (up 4.56% YoY) and the FY2026 annual result came in at $29.4 million, up 45.06% from the prior year.
- Operating Income slipped to $4.6 million in Q2 2026, from $7.0 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $11.4 million in Q4 2025 to a low of $75000.0 in Q2 2023.
- A 5-year average of $4.6 million and a median of $4.5 million in 2022 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2023 — Operating Income slumped 53.12% — and 2024, when it jumped 4078.67%.
- Tracing PPIH's Operating Income over 5 years: stood at $4.5 million in 2022, then surged by 33.13% to $6.0 million in 2023, then fell by 7.5% to $5.6 million in 2024, then surged by 104.14% to $11.4 million in 2025, then sank by 59.34% to $4.6 million in 2026.
- The last three Operating Income figures came in at $4.6 million (Q2 2026), $7.0 million (Q1 2026), and $11.4 million (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 1.22 Bn |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 987.00 Mn |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 825.00 Mn |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 470.00 Mn |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 352.50 Mn |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 355.00 Mn |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 482.00 Mn |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 254.55 Mn |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 115.00 Mn |
| 10 | Perma-Pipe International Holdings | 217.53 Mn | 185.69 Mn | 14.64 Mn | 4.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 4.64 Mn |
| Jan 31, 2026 | 6.97 Mn |
| Oct 31, 2025 | 11.40 Mn |
| Jul 31, 2025 | 3.19 Mn |
| Apr 30, 2025 | 7.89 Mn |
| Jan 31, 2025 | 5.44 Mn |
| Oct 31, 2024 | 5.59 Mn |
| Jul 31, 2024 | 6.14 Mn |
| Apr 30, 2024 | 3.13 Mn |
| Jan 31, 2024 | 4.55 Mn |
| Oct 31, 2023 | 6.04 Mn |
| Jul 31, 2023 | 2.69 Mn |
| Apr 30, 2023 | 75,000.00 |
| Jan 31, 2023 | 3.12 Mn |
| Oct 31, 2022 | 4.54 Mn |
| Jul 31, 2022 | 3.33 Mn |
| Apr 30, 2022 | 160,000.00 |
| Jan 31, 2022 | 3.27 Mn |
| Oct 31, 2021 | 1.69 Mn |
| Jul 31, 2021 | 4.09 Mn |