Perma-Pipe International profit margin PPIH
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 6.9%
- Operating margin, 12 months
- 12.1%
- Net margin on a year earlier
- +1.3 pts
- Peer median
- 5.8%
Over the twelve months to Jul 31, 2026, Perma-Pipe International kept 6.9% of its revenue as net profit, with an operating margin of 12.1% and a gross margin of 31.1%.
Five years earlier its net margin was −2.7%.
The median for 10 industrial machinery stocks of a similar size is 5.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 8.1% | 14.0% | 32.9% |
| FY2024 | 5.7% | 12.8% | 33.6% |
| FY2023 | 6.9% | 8.9% | 27.5% |
| FY2022 | 4.2% | 7.8% | 26.9% |
| FY2021 | 4.4% | 5.9% | 23.5% |
| FY2020 | −9.0% | −13.4% | 13.2% |
| FY2019 | 2.8% | 3.8% | 22.8% |
| FY2018 | −0.4% | 2.1% | 18.1% |
| FY2017 | −9.5% | −9.0% | 11.2% |
| FY2016 | −12.5% | −11.6% | 11.9% |
| FY2015 | −3.6% | 2.3% | 21.8% |
| FY2014 | −0.1% | 1.1% | 19.8% |
| FY2013 | 9.3% | 5.8% | 23.0% |
| FY2012 | −10.1% | −4.7% | 15.3% |
| FY2011 | −2.1% | −2.2% | 15.6% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 6.9% | +1.3 pts | 12.1% | |
| Q1 FY26 | 6.5% | −0.8 pts | 12.2% | |
| Q4 FY25 | 8.1% | +2.4 pts | 14.0% | |
| Q3 FY25 | 6.9% | −3.4 pts | 13.9% | |
| Q2 FY25 | 5.5% | −4.2 pts | 12.2% | |
| Q1 FY25 | 7.3% | −1.1 pts | 14.7% | |
| Q4 FY24 | 5.7% | −1.3 pts | 12.8% | |
| Q3 FY24 | 10.3% | +6.9 pts | 12.6% | |
| Q2 FY24 | 9.7% | +6.2 pts | 12.6% | |
| Q1 FY24 | 8.4% | +4.3 pts | 10.6% | |
| Q4 FY23 | 6.9% | +2.8 pts | 8.9% | |
| Q3 FY23 | 3.4% | −0.5 pts | 8.1% |
Against its peers
Companies in Industrial - Machinery nearest Perma-Pipe International's size, closest first, today.
| Company | Profit margin |
|---|---|
| PPIHPerma-Pipe International | 6.9% |
| TWINTwin Disc | 7.1% |
| LYTSLSI Industries | 3.3% |
| GHMGraham | 4.5% |
| PSIXPower Solutions International | 10.0% |
| TNCTennant | 1.5% |
| ENREnergizer | 2.7% |
| EPACEnerpac Tool | 14.7% |
| SPBSpectrum Brands | 2.8% |
| GRCGorman Rupp | 8.9% |
| HLIOHelios Technologies | 8.0% |
| Peer median | 5.8% |
Where Perma-Pipe International ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Perma-Pipe International
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.