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 operating margin
Operating margin is operating income as a percentage of revenue.
Perma-Pipe International's operating margin for the twelve months ending Jul 31, 2026 was 12.1%. For fiscal 2025 it was 14.0%, against 12.8% the year before. The highest annual figure on record is 14.0% in fiscal 2025.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Jan 31, 2026 | 14.0% | +1.1 |
| FY2024 | Jan 31, 2025 | 12.8% | +4.0 |
| FY2023 | Jan 31, 2024 | 8.9% | +1.0 |
| FY2022 | Jan 31, 2023 | 7.8% | +2.0 |
| FY2021 | Jan 31, 2022 | 5.9% | +19.3 |
| FY2020 | Jan 31, 2021 | -13.4% | −17.3 |
| FY2019 | Jan 31, 2020 | 3.8% | +1.7 |
| FY2018 | Jan 31, 2019 | 2.1% | +11.1 |
| FY2017 | Jan 31, 2018 | -9.0% | +2.7 |
| FY2016 | Jan 31, 2017 | -11.7% | −14.1 |
| FY2015 | Jan 31, 2016 | 2.3% | −2.3 |
| FY2014 | Jan 31, 2015 | 4.6% | −1.2 |
| FY2013 | Jan 31, 2014 | 5.8% | +11.0 |
| FY2012 | Jan 31, 2013 | -5.2% | −3.1 |
| FY2011 | Jan 31, 2012 | -2.2% | −3.5 |
| FY2010 | Jan 31, 2011 | 1.3% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026CQ2 2026 | Jul 31, 2026 | 7.1% | +0.5 |
| Q1 FY2026CQ1 2026 | Apr 30, 2026 | 9.2% | −7.7 |
| Q4 FY2025CQ4 2025 | Jan 31, 2026 | 12.6% | +0.6 |
| Q3 FY2025CQ3 2025 | Oct 31, 2025 | 18.6% | +5.2 |
| Q2 FY2025CQ2 2025 | Jul 31, 2025 | 6.7% | −9.7 |
| Q1 FY2025CQ1 2025 | Apr 30, 2025 | 16.9% | +7.7 |
| Q4 FY2024CQ4 2024 | Jan 31, 2025 | 12.1% | +0.8 |
| Q3 FY2024CQ3 2024 | Oct 31, 2024 | 13.4% | +0.2 |
| Q2 FY2024CQ2 2024 | Jul 31, 2024 | 16.4% | +8.7 |
| Q1 FY2024CQ1 2024 | Apr 30, 2024 | 9.1% | +8.9 |
| Q4 FY2023CQ4 2023 | Jan 31, 2024 | 11.3% | +2.8 |
| Q3 FY2023CQ3 2023 | Oct 31, 2023 | 13.2% | +1.2 |
| Q2 FY2023CQ2 2023 | Jul 31, 2023 | 7.7% | −1.3 |
| Q1 FY2023CQ1 2023 | Apr 30, 2023 | 0.3% | −0.3 |
| Q4 FY2022CQ4 2022 | Jan 31, 2023 | 8.6% | +0.2 |
| Q3 FY2022CQ3 2022 | Oct 31, 2022 | 12.0% | +7.2 |
| Q2 FY2022CQ2 2022 | Jul 31, 2022 | 9.0% | −1.3 |
| Q1 FY2022CQ1 2022 | Apr 30, 2022 | 0.5% | +4.4 |
| Q4 FY2021CQ4 2021 | Jan 31, 2022 | 8.4% | +20.9 |
| Q3 FY2021CQ3 2021 | Oct 31, 2021 | 4.8% | +18.4 |
| Q2 FY2021CQ2 2021 | Jul 31, 2021 | 10.3% | +27.2 |
| Q1 FY2021CQ1 2021 | Apr 30, 2021 | -3.9% | +7.1 |
| Q4 FY2020CQ4 2020 | Jan 31, 2021 | -12.6% | −15.0 |
| Q3 FY2020CQ3 2020 | Oct 31, 2020 | -13.6% | −18.4 |
| Q2 FY2020CQ2 2020 | Jul 31, 2020 | -17.0% | −26.3 |
| Q1 FY2020CQ1 2020 | Apr 30, 2020 | -10.9% | −6.9 |
| Q4 FY2019CQ4 2019 | Jan 31, 2020 | 2.5% | −2.9 |
| Q3 FY2019CQ3 2019 | Oct 31, 2019 | 4.8% | +1.5 |
| Q2 FY2019CQ2 2019 | Jul 31, 2019 | 9.3% | +7.3 |
| Q1 FY2019CQ1 2019 | Apr 30, 2019 | -4.0% | −0.9 |
| Q4 FY2018CQ4 2018 | Jan 31, 2019 | 5.4% | +10.2 |
| Q3 FY2018CQ3 2018 | Oct 31, 2018 | 3.3% | +11.6 |
| Q2 FY2018CQ2 2018 | Jul 31, 2018 | 2.0% | +9.8 |
| Q1 FY2018CQ1 2018 | Apr 30, 2018 | -3.1% | +13.1 |
| Q4 FY2017CQ4 2017 | Jan 31, 2018 | -4.7% | +8.4 |
| Q3 FY2017CQ3 2017 | Oct 31, 2017 | -8.3% | −3.7 |
| Q2 FY2017CQ2 2017 | Jul 31, 2017 | -7.8% | – |
| Q1 FY2017CQ1 2017 | Apr 30, 2017 | -16.2% | – |
| Q4 FY2016CQ4 2016 | Jan 31, 2017 | -13.1% | – |
| Q3 FY2016CQ3 2016 | Oct 31, 2016 | -4.6% | – |
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