Perma-Pipe International Holdings (PPIH) Operating Income (2010 - 2026)
Perma-Pipe International Holdings posted quarterly Operating Income of -$16.7 million for Q1 2026, down 407.19% year-on-year from $5.4 million in Q1 2025, and down 246.5% on a QoQ basis from $11.4 million in Q4 2025.
Perma-Pipe International Holdings (PPIH) has 17 years of Operating Income data on file, last reported at -$16.7 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Income fell 407.19% year-over-year to -$16.7 million; the trailing twelve-month figure through Jan 2026 stood at $5.8 million (down 71.56% YoY), and the FY2026 full-year result was $5.8 million, down 71.56% from the prior year.
- Operating Income for Q1 2026 stood at -$16.7 million, down from $11.4 million in the prior quarter.
- Across five years, Operating Income topped out at $11.4 million in Q4 2025 and bottomed at -$16.7 million in Q1 2026.
- The 5-year median for Operating Income is $3.2 million (2025), against an average of $1.6 million.
- The widest annual swing landed in 2024, when Operating Income jumped 4078.67%; it then sank 407.19% in 2026.
- A 5-year view of Operating Income shows it stood at $4.5 million in 2022, then soared by 33.13% to $6.0 million in 2023, then retreated by 7.5% to $5.6 million in 2024, then soared by 104.14% to $11.4 million in 2025, then sank by 246.5% to -$16.7 million in 2026.
- The last three Operating Income figures came in at -$16.7 million (Q1 2026), $11.4 million (Q4 2025), and $3.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 776.10 Mn |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 853.00 Mn |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 259.00 Mn |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 163.50 Mn |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 316.00 Mn |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 180.30 Mn |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 43.96 Mn |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 87.70 Mn |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 53.34 Mn |
| 10 | Perma-Pipe International Holdings | 251.39 Mn | 244.76 Mn | 17.34 Mn | -16.71 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -16.71 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 | -6.72 Mn |
| Oct 31, 2023 | 6.04 Mn |
| Jul 31, 2023 | 2.69 Mn |
| Apr 30, 2023 | 75,000.00 |
| Jan 31, 2023 | -6.02 Mn |
| Oct 31, 2022 | 4.54 Mn |
| Jul 31, 2022 | 3.33 Mn |
| Apr 30, 2022 | 160,000.00 |
| Jan 31, 2022 | -3.09 Mn |
| Oct 31, 2021 | 1.69 Mn |
| Jul 31, 2021 | 4.09 Mn |
| Apr 30, 2021 | -941,000.00 |
| Jan 31, 2021 | -2.67 Mn |
| Oct 31, 2020 | -2.76 Mn |
| Jul 31, 2020 | -3.46 Mn |
| Apr 30, 2020 | -2.49 Mn |
| Jan 31, 2020 | -3.02 Mn |
| Oct 31, 2019 | 1.65 Mn |
| Jul 31, 2019 | 3.42 Mn |
| Apr 30, 2019 | -980,000.00 |
| Jan 31, 2019 | -491,000.00 |
| Oct 31, 2018 | 1.08 Mn |
| Jul 31, 2018 | 648,000.00 |
| Apr 30, 2018 | -899,000.00 |
| Jan 31, 2018 | 4.75 Mn |
| Oct 31, 2017 | -2.29 Mn |
| Jul 31, 2017 | -2.11 Mn |
| Apr 30, 2017 | -3.82 Mn |
| Jan 31, 2017 | -3.62 Mn |
| Oct 31, 2016 | -1.18 Mn |
| Jul 31, 2016 | -2.19 Mn |
| Apr 30, 2016 | -4.51 Mn |
| Jan 31, 2016 | 1.46 Mn |
| Oct 31, 2015 | 7.52 Mn |
| Jul 31, 2015 | -2.53 Mn |
| Apr 30, 2015 | -3.57 Mn |
| Jan 31, 2015 | -421,000.00 |
| Oct 31, 2014 | -1.24 Mn |
| Jul 31, 2014 | 1.80 Mn |
| Apr 30, 2014 | 5.71 Mn |
| Jan 31, 2014 | -1.01 Mn |
| Oct 31, 2013 | 6.79 Mn |
| Jul 31, 2013 | 4.77 Mn |
| Apr 30, 2013 | 2.53 Mn |
| Jan 31, 2013 | -5.98 Mn |
| Oct 31, 2012 | 185,000.00 |
| Jul 31, 2012 | -603,000.00 |
| Apr 30, 2012 | -2.30 Mn |
| Jan 31, 2012 | -5.74 Mn |
| Oct 31, 2011 | 2.23 Mn |
| Jul 31, 2011 | 88,000.00 |
| Apr 30, 2011 | -1.64 Mn |
| Jan 31, 2011 | -2.78 Mn |
| Oct 31, 2010 | 3.02 Mn |
| Jul 31, 2010 | 2.83 Mn |