Perma-Pipe International Holdings (PPIH) Tax Rate (2010 - 2026)
Perma-Pipe International Holdings' (PPIH) quarterly Tax Rate came in at 33.96% in Q2 2026, up 1269.0% YoY from 2.48% in Q2 2025, and up 179.43% on a QoQ basis from 42.76% in Q1 2026.
Perma-Pipe International Holdings (PPIH) Tax Rate (2010 - 2026) Analysis & Trends
Perma-Pipe International Holdings (PPIH) has 17 years of Tax Rate data on file, last reported at 33.96% in Q2 2026.
- Quarterly Tax Rate rose 1269.0% year-over-year to 33.96% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 0.34% (down 1992.0% YoY) and the FY2026 annual result came in at 0.41%, down 1995.0% from the prior year.
- Tax Rate grew to 33.96% in Q2 2026, from 42.76% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 54.13% in Q3 2025 to a low of 456.6% in Q2 2022.
- A 5-year average of 23.31% and a median of 25.38% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate plunged 43227 bps — and 2023, when it soared 24893 bps.
- Tracing PPIH's Tax Rate over 5 years: stood at 39.81% in 2022, then fell by 21 bps to 31.3% in 2023, then grew by 2 bps to 31.87% in 2024, then declined by 14 bps to 27.39% in 2025, then rose by 24 bps to 33.96% in 2026.
- The last three Tax Rate figures came in at 33.96% (Q2 2026), 42.76% (Q1 2026), and 27.39% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 18.76% |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 17.99% |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 24.97% |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 24.32% |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 22.77% |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 20.79% |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 24.70% |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 23.45% |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 22.41% |
| 10 | Perma-Pipe International Holdings | 217.53 Mn | 185.69 Mn | 14.64 Mn | 33.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 33.96% |
| Apr 30, 2026 | 33.96% |
| Apr 30, 2026 | 33.96% |
| Jan 31, 2026 | -42.76% |
| Jan 31, 2026 | -42.76% |
| Jan 31, 2026 | -42.76% |
| Oct 31, 2025 | 27.39% |
| Oct 31, 2025 | 27.39% |
| Oct 31, 2025 | 27.39% |
| Jul 31, 2025 | 54.13% |
| Jul 31, 2025 | 54.13% |
| Jul 31, 2025 | 54.13% |
| Apr 30, 2025 | 21.27% |
| Apr 30, 2025 | 21.27% |
| Apr 30, 2025 | 21.27% |
| Jan 31, 2025 | 1.30% |
| Jan 31, 2025 | 1.30% |
| Jan 31, 2025 | 1.30% |
| Oct 31, 2024 | 31.87% |
| Oct 31, 2024 | 31.87% |