Perma-Pipe International Holdings (PPIH) Operating Margin (2010 - 2026)
Perma-Pipe International Holdings' Operating Margin was 7.14% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 0.49 percentage points from 6.65% a year earlier but down 2.09 percentage points from the prior quarter.
Perma-Pipe International Holdings (PPIH) Operating Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Perma-Pipe International Holdings' Operating Margin was 12.06% through Jul 31, 2026, down 0.14 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 13.96%, up 1.14 percentage points from FY2025.
- Operating Margin has now increased for five consecutive fiscal years, with a five-year change of +27.39 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Operating Margin was 12.82% in FY2025 (+3.95 pp), 8.87% in FY2024 (+1.05 pp), 7.82% in FY2023 (+1.96 pp) and 5.85% in FY2022 (+19.29 pp).
- Quarterly Operating Margin has moved between 0.25% (fiscal Q1 2024) and 18.65% (fiscal Q3 2026) over five years.
- Compared with a year earlier, Operating Margin was higher in six of the last eight quarters, with an average year-over-year change of -0.30 percentage points.
- The best year-over-year quarter for Operating Margin over five years was fiscal Q4 2022 (a gain of 20.92 percentage points); the worst was fiscal Q2 2026 (a drop of 9.72 percentage points).
- Per Business Quant data, PPIH's Operating Margin in the three fiscal quarters before Q2 2027 was 9.23% (Q1 2027), 12.64% (Q4 2026) and 18.65% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 340.33 Bn | 312.03 Bn | 7.76 Bn | 20.91% |
| 2 | Amphenol | 195.04 Bn | 189.62 Bn | 3.55 Bn | 29.51% |
| 3 | Deere | 171.72 Bn | 139.81 Bn | 4.66 Bn | 14.72% |
| 4 | Eaton | 152.74 Bn | 149.93 Bn | 2.86 Bn | 16.32% |
| 5 | Parker-Hannifin | 120.82 Bn | 118.95 Bn | 2.25 Bn | 23.86% |
| 6 | Emerson Electric | 91.30 Bn | 84.04 Bn | 2.66 Bn | 26.92% |
| 7 | 3M | 90.37 Bn | 71.82 Bn | 2.78 Bn | 23.66% |
| 8 | Vertiv Holdings | 81.71 Bn | 72.33 Bn | 1.23 Bn | 19.48% |
| 9 | Illinois Tool Works | 79.34 Bn | 75.90 Bn | 1.90 Bn | 26.67% |
| 10 | Perma-Pipe International Holdings | 242.23 Mn | 136.20 Mn | 17.41 Mn | 7.14% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 7.14% |
| Apr 30, 2026 | 9.23% |
| Jan 31, 2026 | 12.64% |
| 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 | 11.33% |
| Oct 31, 2023 | 13.22% |
| Jul 31, 2023 | 7.66% |
| Apr 30, 2023 | 0.25% |
| Jan 31, 2023 | 8.57% |
| Oct 31, 2022 | 11.97% |
| Jul 31, 2022 | 8.99% |
| Apr 30, 2022 | 0.51% |
| Jan 31, 2022 | 8.37% |
| Oct 31, 2021 | 4.80% |
Perma-Pipe International Holdings Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=PPIH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "PPIH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=PPIH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();