Growth Metrics

Perma-Pipe International Holdings (PPIH) Operating Leases (2019 - 2026)

Perma-Pipe International Holdings posted quarterly Operating Leases of $12.1 million for Q1 2026, up 57.2% year-on-year from $7.7 million in Q1 2025, and up 7.55% on a QoQ basis from $11.3 million in Q4 2025.

Perma-Pipe International Holdings (PPIH) has 8 years of Operating Leases data on file, last reported at $12.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases rose 57.2% year-over-year to $12.1 million; the trailing twelve-month figure through Jan 2026 stood at $12.1 million (up 57.2% YoY), and the FY2026 full-year result was $12.1 million, up 57.2% from the prior year.
  • Operating Leases for Q1 2026 stood at $12.1 million, up from $11.3 million in the prior quarter.
  • Across five years, Operating Leases topped out at $12.1 million in Q1 2026 and bottomed at $4.2 million in Q2 2023.
  • The 5-year median for Operating Leases is $7.0 million (2023), against an average of $7.6 million.
  • The widest annual swing landed in 2023, when Operating Leases slumped 62.27%; it then jumped 70.8% in 2025.
  • A 5-year view of Operating Leases shows it stood at $6.4 million in 2022, then slipped by 3.82% to $6.1 million in 2023, then increased by 15.64% to $7.1 million in 2024, then jumped by 58.7% to $11.3 million in 2025, then climbed by 7.55% to $12.1 million in 2026.
  • The last three Operating Leases figures came in at $12.1 million (Q1 2026), $11.3 million (Q4 2025), and $11.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Trane Technologies 99.95 Bn 98.89 Bn 1.73 Bn
2 Johnson Controls International 84.54 Bn 84.01 Bn 2.07 Bn
3 Carrier Global 52.72 Bn 51.70 Bn 4.82 Bn
4 Lennox International 16.87 Bn 16.82 Bn 351.30 Mn
5 Masco 13.72 Bn 13.60 Bn 686.00 Mn
6 Carlisle Companies 13.62 Bn 12.85 Bn 363.20 Mn
7 Aaon 10.97 Bn 10.97 Bn 109.77 Mn
8 SPX Technologies 10.37 Bn 10.22 Bn 230.60 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

Historic Data

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DateValue
Jan 31, 2026 12.13 Mn
Oct 31, 2025 11.27 Mn
Jul 31, 2025 11.43 Mn
Apr 30, 2025 8.09 Mn
Jan 31, 2025 7.71 Mn
Oct 31, 2024 7.10 Mn
Jul 31, 2024 6.69 Mn
Apr 30, 2024 6.03 Mn
Jan 31, 2024 6.27 Mn
Oct 31, 2023 6.14 Mn
Jul 31, 2023 6.95 Mn
Apr 30, 2023 4.21 Mn
Jan 31, 2023 4.25 Mn
Oct 31, 2022 6.39 Mn
Jul 31, 2022 6.78 Mn
Apr 30, 2022 7.04 Mn
Jan 31, 2022 11.27 Mn
Oct 31, 2021 11.59 Mn
Jul 31, 2021 11.89 Mn
Apr 30, 2021 12.19 Mn
Jan 31, 2021 13.17 Mn
Oct 31, 2020 13.48 Mn
Jul 31, 2020 10.56 Mn
Apr 30, 2020 10.85 Mn
Jan 31, 2020 11.21 Mn
Oct 31, 2019 10.62 Mn
Jul 31, 2019 10.45 Mn
Apr 30, 2019 9.49 Mn