Perma-Pipe International Holdings annual gross margin
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Perma-Pipe International Holdings Gross Margin Growth & History (PPIH)
Perma-Pipe International Holdings's gross margin was 32.94% for fiscal 2025.
View full Perma-Pipe International Holdings company overviewPerma-Pipe International Holdings annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-01-31 | 32.94% | −0.68 pp |
| 2024 | 2025-01-31 | 33.62% | +6.10 pp |
| 2023 | 2024-01-31 | 27.52% | +0.65 pp |
| 2022 | 2023-01-31 | 26.86% | +3.39 pp |
| 2021 | 2022-01-31 | 23.48% | +10.28 pp |
| 2020 | 2021-01-31 | 13.20% | −9.55 pp |
| 2019 | 2020-01-31 | 22.75% | +4.67 pp |
| 2018 | 2019-01-31 | 18.08% | +6.92 pp |
| 2017 | 2018-01-31 | 11.16% | −0.70 pp |
| 2016 | 2017-01-31 | 11.85% | −9.94 pp |
| 2015 | 2016-01-31 | 21.79% | −2.45 pp |
| 2014 | 2015-01-31 | 24.25% | +1.23 pp |
| 2013 | 2014-01-31 | 23.02% | +6.73 pp |
| 2012 | 2013-01-31 | 16.29% | +0.73 pp |
| 2011 | 2012-01-31 | 15.56% | −4.78 pp |
| 2010 | 2011-01-31 | 20.34% | — |
Perma-Pipe International Holdings quarterly gross margin
Q2.10
Q3.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
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Q2.15
Q3.15
Q4.15
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Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
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Q1.20
Q2.20
Q3.20
Q4.20
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Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-04-30 | 29.12% | −6.66 pp |
| Q4 2025 | 2026-01-31 | 31.45% | −2.28 pp |
| Q3 2025 | 2025-10-31 | 34.35% | +0.46 pp |
| Q2 2025 | 2025-07-31 | 30.11% | −5.81 pp |
| Q1 2025 | 2025-04-30 | 35.78% | +5.13 pp |
| Q4 2024 | 2025-01-31 | 33.72% | +3.77 pp |
| Q3 2024 | 2024-10-31 | 33.89% | +5.04 pp |
| Q2 2024 | 2024-07-31 | 35.92% | +8.99 pp |
| Q1 2024 | 2024-04-30 | 30.64% | +7.80 pp |
| Q4 2023 | 2024-01-31 | 29.96% | +1.87 pp |
| Q3 2023 | 2023-10-31 | 28.86% | −0.51 pp |
| Q2 2023 | 2023-07-31 | 26.93% | +0.21 pp |
| Q1 2023 | 2023-04-30 | 22.84% | +0.26 pp |
| Q4 2022 | 2023-01-31 | 28.09% | +3.42 pp |
| Q3 2022 | 2022-10-31 | 29.36% | +7.69 pp |
| Q2 2022 | 2022-07-31 | 26.72% | −0.27 pp |
| Q1 2022 | 2022-04-30 | 22.58% | +4.13 pp |
| Q4 2021 | 2022-01-31 | 24.67% | +13.35 pp |
| Q3 2021 | 2021-10-31 | 21.67% | +7.20 pp |
| Q2 2021 | 2021-07-31 | 26.99% | +15.38 pp |
| Q1 2021 | 2021-04-30 | 18.45% | +3.20 pp |
| Q4 2020 | 2021-01-31 | 11.32% | −10.46 pp |
| Q3 2020 | 2020-10-31 | 14.48% | −7.70 pp |
| Q2 2020 | 2020-07-31 | 11.61% | −14.72 pp |
| Q1 2020 | 2020-04-30 | 15.24% | −4.21 pp |
| Q4 2019 | 2020-01-31 | 21.78% | +3.71 pp |
| Q3 2019 | 2019-10-31 | 22.18% | +1.20 pp |
| Q2 2019 | 2019-07-31 | 26.33% | +8.10 pp |
| Q1 2019 | 2019-04-30 | 19.45% | +4.83 pp |
| Q4 2018 | 2019-01-31 | 18.08% | +5.01 pp |
| Q3 2018 | 2018-10-31 | 20.98% | +8.91 pp |
| Q2 2018 | 2018-07-31 | 18.23% | +6.84 pp |
| Q1 2018 | 2018-04-30 | 14.62% | +7.03 pp |
| Q4 2017 | 2018-01-31 | 13.06% | +2.03 pp |
| Q3 2017 | 2017-10-31 | 12.07% | −2.54 pp |
| Q2 2017 | 2017-07-31 | 11.39% | −1.65 pp |
| Q1 2017 | 2017-04-30 | 7.60% | −1.04 pp |
| Q4 2016 | 2017-01-31 | 11.03% | −11.87 pp |
| Q3 2016 | 2016-10-31 | 14.61% | −15.88 pp |
| Q2 2016 | 2016-07-31 | 13.04% | +0.61 pp |
| Q1 2016 | 2016-04-30 | 8.63% | −2.98 pp |
| Q4 2015 | 2016-01-31 | 22.90% | +7.57 pp |
| Q3 2015 | 2015-10-31 | 30.49% | +10.73 pp |
| Q2 2015 | 2015-07-31 | 12.43% | −14.43 pp |
| Q1 2015 | 2015-04-30 | 11.61% | −5.58 pp |
| Q3 2014 | 2014-10-31 | 15.34% | −13.79 pp |
| Q2 2014 | 2014-07-31 | 19.76% | −2.33 pp |
| Q1 2014 | 2014-04-30 | 26.86% | +3.61 pp |
| Q4 2013 | 2014-01-31 | 17.20% | +4.32 pp |
| Q3 2013 | 2013-10-31 | 29.13% | +10.76 pp |
| Q2 2013 | 2013-07-31 | 22.09% | +4.41 pp |
| Q1 2013 | 2013-04-30 | 23.26% | +7.90 pp |
| Q4 2012 | 2013-01-31 | 12.88% | +2.02 pp |
| Q3 2012 | 2012-10-31 | 18.37% | +0.94 pp |
| Q2 2012 | 2012-07-31 | 17.68% | +0.83 pp |
| Q1 2012 | 2012-04-30 | 15.35% | −0.08 pp |
| Q4 2011 | 2012-01-31 | 10.86% | −12.18 pp |
| Q3 2011 | 2011-10-31 | 17.43% | −4.78 pp |
| Q2 2011 | 2011-07-31 | 16.85% | — |
| Q1 2011 | 2011-04-30 | 15.43% | — |
| Q3 2010 | 2010-10-31 | 23.04% | — |
| Q2 2010 | 2010-07-31 | 22.21% | — |
Perma-Pipe International Holdings gross margin trends
Over the last five reported fiscal years, Perma-Pipe International Holdings's gross margin increased from 13.20% to 32.94%, a change of +19.75 percentage points. The latest reported quarter, Q1 2026, shows 29.12%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Perma-Pipe International Holdings filings at SEC.gov ↗