Perma-Pipe International Holdings, Inc. (PPIH) stock
PPIHNasdaqIndustrial & Commercial Fans & Blowers & Air Purifing EquipFiscal year ends January 31
Financials through Q2 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 9, 2026Score 15/3021% below fair value
$28.77−0.20 (-0.69%)
Close on Nov 12, 2026Market cap $235.78MP/E 15.1Yield –
Perma-Pipe International gross margin
Gross margin is gross profit as a percentage of revenue.
Perma-Pipe International's gross margin for the twelve months ending Jul 31, 2026 was 31.1%. For fiscal 2025 it was 32.9%, against 33.6% the year before. The highest annual figure on record is 33.6% in fiscal 2024.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Jan 31, 2026 | 32.9% | −0.7 |
| FY2024 | Jan 31, 2025 | 33.6% | +6.1 |
| FY2023 | Jan 31, 2024 | 27.5% | +0.7 |
| FY2022 | Jan 31, 2023 | 26.9% | +3.4 |
| FY2021 | Jan 31, 2022 | 23.5% | +10.3 |
| FY2020 | Jan 31, 2021 | 13.2% | −9.6 |
| FY2019 | Jan 31, 2020 | 22.8% | +4.7 |
| FY2018 | Jan 31, 2019 | 18.1% | +6.9 |
| FY2017 | Jan 31, 2018 | 11.2% | −0.7 |
| FY2016 | Jan 31, 2017 | 11.9% | −9.9 |
| FY2015 | Jan 31, 2016 | 21.8% | −2.5 |
| FY2014 | Jan 31, 2015 | 24.2% | +1.2 |
| FY2013 | Jan 31, 2014 | 23.0% | +6.7 |
| FY2012 | Jan 31, 2013 | 16.3% | +0.7 |
| FY2011 | Jan 31, 2012 | 15.6% | −4.8 |
| FY2010 | Jan 31, 2011 | 20.3% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026CQ2 2026 | Jul 31, 2026 | 29.2% | −0.9 |
| Q1 FY2026CQ1 2026 | Apr 30, 2026 | 29.1% | −6.7 |
| Q4 FY2025CQ4 2025 | Jan 31, 2026 | 31.4% | −2.3 |
| Q3 FY2025CQ3 2025 | Oct 31, 2025 | 34.4% | +0.5 |
| Q2 FY2025CQ2 2025 | Jul 31, 2025 | 30.1% | −5.8 |
| Q1 FY2025CQ1 2025 | Apr 30, 2025 | 35.8% | +5.1 |
| Q4 FY2024CQ4 2024 | Jan 31, 2025 | 33.7% | +3.8 |
| Q3 FY2024CQ3 2024 | Oct 31, 2024 | 33.9% | +5.0 |
| Q2 FY2024CQ2 2024 | Jul 31, 2024 | 35.9% | +9.0 |
| Q1 FY2024CQ1 2024 | Apr 30, 2024 | 30.6% | +7.8 |
| Q4 FY2023CQ4 2023 | Jan 31, 2024 | 30.0% | +1.9 |
| Q3 FY2023CQ3 2023 | Oct 31, 2023 | 28.9% | −0.5 |
| Q2 FY2023CQ2 2023 | Jul 31, 2023 | 26.9% | +0.2 |
| Q1 FY2023CQ1 2023 | Apr 30, 2023 | 22.8% | +0.3 |
| Q4 FY2022CQ4 2022 | Jan 31, 2023 | 28.1% | +3.4 |
| Q3 FY2022CQ3 2022 | Oct 31, 2022 | 29.4% | +7.7 |
| Q2 FY2022CQ2 2022 | Jul 31, 2022 | 26.7% | −0.3 |
| Q1 FY2022CQ1 2022 | Apr 30, 2022 | 22.6% | +4.1 |
| Q4 FY2021CQ4 2021 | Jan 31, 2022 | 24.7% | +13.4 |
| Q3 FY2021CQ3 2021 | Oct 31, 2021 | 21.7% | +7.2 |
| Q2 FY2021CQ2 2021 | Jul 31, 2021 | 27.0% | +15.4 |
| Q1 FY2021CQ1 2021 | Apr 30, 2021 | 18.4% | +3.2 |
| Q4 FY2020CQ4 2020 | Jan 31, 2021 | 11.3% | −10.5 |
| Q3 FY2020CQ3 2020 | Oct 31, 2020 | 14.5% | −7.7 |
| Q2 FY2020CQ2 2020 | Jul 31, 2020 | 11.6% | −14.7 |
| Q1 FY2020CQ1 2020 | Apr 30, 2020 | 15.2% | −4.2 |
| Q4 FY2019CQ4 2019 | Jan 31, 2020 | 21.8% | +3.7 |
| Q3 FY2019CQ3 2019 | Oct 31, 2019 | 22.2% | +1.2 |
| Q2 FY2019CQ2 2019 | Jul 31, 2019 | 26.3% | +8.1 |
| Q1 FY2019CQ1 2019 | Apr 30, 2019 | 19.5% | +4.8 |
| Q4 FY2018CQ4 2018 | Jan 31, 2019 | 18.1% | +5.0 |
| Q3 FY2018CQ3 2018 | Oct 31, 2018 | 21.0% | +8.9 |
| Q2 FY2018CQ2 2018 | Jul 31, 2018 | 18.2% | +6.8 |
| Q1 FY2018CQ1 2018 | Apr 30, 2018 | 14.6% | +7.0 |
| Q4 FY2017CQ4 2017 | Jan 31, 2018 | 13.1% | +2.0 |
| Q3 FY2017CQ3 2017 | Oct 31, 2017 | 12.1% | −2.5 |
| Q2 FY2017CQ2 2017 | Jul 31, 2017 | 11.4% | – |
| Q1 FY2017CQ1 2017 | Apr 30, 2017 | 7.6% | – |
| Q4 FY2016CQ4 2016 | Jan 31, 2017 | 11.0% | – |
| Q3 FY2016CQ3 2016 | Oct 31, 2016 | 14.6% | – |
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