Perma-Pipe International Holdings (PPIH) Tax Rate (2010 - 2026)
Perma-Pipe International Holdings posted quarterly Tax Rate of 2.76% for Q1 2026, down 238.0% year-on-year from 2.0% in Q1 2025, and down 110.06% on a QoQ basis from 27.39% in Q4 2025.
Perma-Pipe International Holdings (PPIH) has 17 years of Tax Rate data on file, last reported at 2.76% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 238.0% year-over-year to 2.76%; the trailing twelve-month figure through Jan 2026 stood at 92.09% (down 1180.0% YoY), and the FY2026 full-year result was 92.13%, down 1182.0% from the prior year.
- Tax Rate for Q1 2026 stood at 2.76%, down from 27.39% in the prior quarter.
- Across five years, Tax Rate topped out at 54.13% in Q3 2025 and bottomed at 456.6% in Q2 2022.
- The 5-year median for Tax Rate is 27.39% (2025), against an average of 16.48%.
- The widest annual swing landed in 2022, when Tax Rate slumped 43227 bps; it then soared 24893 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 39.81% in 2022, then retreated by 21 bps to 31.3% in 2023, then increased by 2 bps to 31.87% in 2024, then fell by 14 bps to 27.39% in 2025, then tumbled by 110 bps to 2.76% in 2026.
- The last three Tax Rate figures came in at 2.76% (Q1 2026), 27.39% (Q4 2025), and 54.13% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 18.52 |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 21.47 |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | -56.47 |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 20.22 |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 21.65 |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 21.75 |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 16.41 |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 16.80 |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 13.59 |
| 10 | Perma-Pipe International Holdings | 251.39 Mn | 244.76 Mn | 17.34 Mn | -2.76 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -2.76 |
| Jan 31, 2026 | -2.76 |
| Oct 31, 2025 | 27.39 |
| Oct 31, 2025 | 27.39 |
| Jul 31, 2025 | 54.13 |
| Jul 31, 2025 | 54.13 |
| Apr 30, 2025 | 21.27 |
| Apr 30, 2025 | 21.27 |
| Jan 31, 2025 | -0.38 |
| Jan 31, 2025 | -0.38 |
| Oct 31, 2024 | 31.87 |
| Oct 31, 2024 | 31.87 |
| Jul 31, 2024 | 23.36 |
| Jul 31, 2024 | 23.36 |
| Apr 30, 2024 | 30.08 |
| Apr 30, 2024 | 30.08 |
| Jan 31, 2024 | 43.24 |
| Jan 31, 2024 | 43.24 |
| Oct 31, 2023 | 31.30 |
| Oct 31, 2023 | 31.30 |
| Jul 31, 2023 | 45.22 |
| Jul 31, 2023 | 45.22 |
| Apr 30, 2023 | -207.67 |
| Apr 30, 2023 | -207.67 |
| Jan 31, 2023 | 3.92 |
| Jan 31, 2023 | 3.92 |
| Oct 31, 2022 | 39.81 |
| Oct 31, 2022 | 39.81 |
| Jul 31, 2022 | 32.33 |
| Jul 31, 2022 | 32.33 |
| Apr 30, 2022 | -456.60 |
| Apr 30, 2022 | -456.60 |
| Jan 31, 2022 | 3.29 |
| Jan 31, 2022 | 3.29 |
| Oct 31, 2021 | 67.41 |
| Oct 31, 2021 | 67.41 |
| Jul 31, 2021 | 20.13 |
| Jul 31, 2021 | 20.13 |
| Apr 30, 2021 | -24.34 |
| Apr 30, 2021 | -24.34 |
| Jan 31, 2021 | -37.52 |
| Jan 31, 2021 | -37.52 |
| Oct 31, 2020 | 0.80 |
| Oct 31, 2020 | 0.80 |
| Jul 31, 2020 | -60.84 |
| Jul 31, 2020 | -60.84 |
| Apr 30, 2020 | 7.86 |
| Apr 30, 2020 | 7.86 |
| Jan 31, 2020 | -35.34 |
| Jan 31, 2020 | -35.34 |
| Oct 31, 2019 | 109.33 |
| Oct 31, 2019 | 109.33 |
| Jul 31, 2019 | -7.67 |
| Jul 31, 2019 | -7.67 |
| Apr 30, 2019 | -26.22 |
| Apr 30, 2019 | -26.22 |
| Jan 31, 2019 | 10.53 |
| Jan 31, 2019 | 10.53 |
| Oct 31, 2018 | 116.46 |
| Oct 31, 2018 | 116.46 |
| Jul 31, 2018 | 175.55 |
| Jul 31, 2018 | 175.55 |
| Apr 30, 2018 | 4.12 |
| Apr 30, 2018 | 4.12 |
| Jan 31, 2018 | 0.12 |
| Jan 31, 2018 | 0.12 |
| Oct 31, 2017 | -32.53 |
| Oct 31, 2017 | -32.53 |
| Jul 31, 2017 | 24.93 |
| Jul 31, 2017 | 24.93 |
| Apr 30, 2017 | 12.20 |
| Apr 30, 2017 | 12.20 |
| Jan 31, 2017 | 44.98 |
| Jan 31, 2017 | 44.98 |
| Oct 31, 2016 | -187.33 |
| Oct 31, 2016 | -187.33 |
| Jul 31, 2016 | 47.09 |
| Jul 31, 2016 | 47.09 |
| Apr 30, 2016 | 4.05 |
| Apr 30, 2016 | 4.05 |
| Jan 31, 2016 | 37.49 |
| Jan 31, 2016 | 37.49 |
| Oct 31, 2015 | 17.23 |
| Oct 31, 2015 | 17.23 |
| Jul 31, 2015 | 17.26 |
| Jul 31, 2015 | 17.26 |
| Apr 30, 2015 | -0.78 |
| Apr 30, 2015 | -0.78 |
| Jan 31, 2015 | 214.31 |
| Jan 31, 2015 | 214.31 |
| Oct 31, 2014 | -1.76 |
| Oct 31, 2014 | -1.76 |
| Jul 31, 2014 | 15.76 |
| Jul 31, 2014 | 15.76 |
| Apr 30, 2014 | 23.17 |
| Apr 30, 2014 | 23.17 |
| Jan 31, 2014 | 41.08 |
| Jan 31, 2014 | 41.08 |
| Oct 31, 2013 | 0.89 |
| Oct 31, 2013 | 0.89 |
| Jul 31, 2013 | -6.36 |
| Jul 31, 2013 | -6.36 |
| Apr 30, 2013 | 5.78 |
| Apr 30, 2013 | 5.78 |
| Jan 31, 2013 | -220.07 |
| Jan 31, 2013 | -220.07 |
| Oct 31, 2012 | 36.45 |
| Oct 31, 2012 | 36.45 |
| Jul 31, 2012 | -39.46 |
| Jul 31, 2012 | -39.46 |
| Apr 30, 2012 | 10.88 |
| Apr 30, 2012 | 10.88 |
| Jan 31, 2012 | 55.36 |
| Jan 31, 2012 | 55.36 |
| Oct 31, 2011 | 72.78 |
| Oct 31, 2011 | 72.78 |
| Jul 31, 2011 | -1,048.13 |
| Jul 31, 2011 | -1,048.13 |
| Apr 30, 2011 | 29.42 |
| Apr 30, 2011 | 29.42 |
| Jan 31, 2011 | 38.33 |
| Jan 31, 2011 | 38.33 |
| Oct 31, 2010 | -6.67 |
| Oct 31, 2010 | -6.67 |
| Jul 31, 2010 | -20.23 |
| Jul 31, 2010 | -20.23 |