Perma-Pipe International Holdings (PPIH) Operating Margin (2010 - 2026)
Perma-Pipe International Holdings posted quarterly Operating Margin of 30.3% for Q1 2026, down 4239.0% year-on-year from 0.73% in Q1 2025, and down 262.49% on a QoQ basis from 18.65% in Q4 2025.
Perma-Pipe International Holdings (PPIH) has 17 years of Operating Margin data on file, last reported at 30.3% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 4239.0% year-over-year to 30.3%; the trailing twelve-month figure through Jan 2026 stood at 2.74% (down 1008.0% YoY), and the FY2026 full-year result was 2.74%, down 1008.0% from the prior year.
- Operating Margin for Q1 2026 stood at 30.3%, down from 18.65% in the prior quarter.
- Across five years, Operating Margin topped out at 18.65% in Q4 2025 and bottomed at 30.3% in Q1 2026.
- The 5-year median for Operating Margin is 8.99% (2022), against an average of 3.79%.
- The widest annual swing landed in 2025, when Operating Margin soared 2882 bps; it then sank 4239 bps in 2026.
- A 5-year view of Operating Margin shows it stood at 11.97% in 2022, then rose by 10 bps to 13.22% in 2023, then increased by 2 bps to 13.44% in 2024, then soared by 39 bps to 18.65% in 2025, then slumped by 262 bps to 30.3% in 2026.
- The last three Operating Margin figures came in at 30.3% (Q1 2026), 18.65% (Q4 2025), and 6.65% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 15.62% |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 14.71% |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 4.85% |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 14.40% |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 16.48% |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 17.14% |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 10.36% |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 15.47% |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 7.88% |
| 10 | Perma-Pipe International Holdings | 251.39 Mn | 244.76 Mn | 17.34 Mn | -30.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -30.30% |
| Oct 31, 2025 | 18.65% |
| Jul 31, 2025 | 6.65% |
| Apr 30, 2025 | 16.88% |
| Jan 31, 2025 | 12.09% |
| Oct 31, 2024 | 13.44% |
| Jul 31, 2024 | 16.37% |
| Apr 30, 2024 | 9.13% |
| Jan 31, 2024 | -16.73% |
| Oct 31, 2023 | 13.22% |
| Jul 31, 2023 | 7.66% |
| Apr 30, 2023 | 0.25% |
| Jan 31, 2023 | -16.51% |
| Oct 31, 2022 | 11.97% |
| Jul 31, 2022 | 8.99% |
| Apr 30, 2022 | 0.51% |
| Jan 31, 2022 | -7.89% |
| Oct 31, 2021 | 4.80% |
| Jul 31, 2021 | 10.27% |
| Apr 30, 2021 | -3.85% |
| Jan 31, 2021 | -12.55% |
| Oct 31, 2020 | -13.62% |
| Jul 31, 2020 | -16.97% |
| Apr 30, 2020 | -10.93% |
| Jan 31, 2020 | -9.37% |
| Oct 31, 2019 | 4.80% |
| Jul 31, 2019 | 9.34% |
| Apr 30, 2019 | -4.04% |
| Jan 31, 2019 | -1.41% |
| Oct 31, 2018 | 3.30% |
| Jul 31, 2018 | 2.00% |
| Apr 30, 2018 | -3.11% |
| Jan 31, 2018 | 17.35% |
| Oct 31, 2017 | -8.33% |
| Jul 31, 2017 | -7.84% |
| Apr 30, 2017 | -16.24% |
| Jan 31, 2017 | -13.11% |
| Oct 31, 2016 | -4.64% |
| Jul 31, 2016 | -9.58% |
| Apr 30, 2016 | -19.53% |
| Jan 31, 2016 | 4.81% |
| Oct 31, 2015 | 16.02% |
| Jul 31, 2015 | -10.06% |
| Apr 30, 2015 | -17.61% |
| Jan 31, 2015 | 1.41% |
| Oct 31, 2014 | -2.82% |
| Jul 31, 2014 | 3.36% |
| Apr 30, 2014 | 9.59% |
| Jan 31, 2014 | -1.89% |
| Oct 31, 2013 | 11.71% |
| Jul 31, 2013 | 7.85% |
| Apr 30, 2013 | 4.63% |
| Jan 31, 2013 | -16.32% |
| Oct 31, 2012 | 0.39% |
| Jul 31, 2012 | -1.41% |
| Apr 30, 2012 | -5.16% |
| Jan 31, 2012 | -12.82% |
| Oct 31, 2011 | 3.13% |
| Jul 31, 2011 | 0.14% |
| Apr 30, 2011 | -3.08% |
| Jan 31, 2011 | -5.80% |
| Oct 31, 2010 | 5.13% |
| Jul 31, 2010 | 4.56% |