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PNRPentair

Industrials · Industrial Machinery · NYSE
Compare with peers → Embed
FY2025 at a glance

Sales up 2.3%, free cash flow up to $746.0M

XBRL, from each 10-K
$4.2B
from $4.1B in FY2024
FY2016FY2025
Net incomeStatements ↓
$653.8M
from $625.4M in FY2024
FY2016FY2025
Free cash flowStatements ↓
$746.0M
from $692.3M in FY2024
FY2016FY2025
EPS (diluted)Statements ↓
$3.96
from $3.74 in FY2024
FY2016FY2025
Operating marginStatements ↓
20.5%
from 19.7% in FY2024
FY2016FY2025
Total debtStatements ↓
$1.6B
from $1.6B in FY2024
FY2016FY2025
Price and key numbers

The latest figures

All key numbers (41, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)3.78Sales (ttm)4.0BNet income (ttm)612.2MSales growth+2.3%EPS growth+5.9%Sales Q/Q-4.5%
Free cash flow646.6MGross margin41.2%Oper. margin19.6%Net margin15.4%FCF margin16.3%ROE15.9%
ROA9.2%R&D / sales2.3%Dividend1.00Debt/Eq0.38Curr. ratio1.47Cash74.0M
Op. cash flow (ttm)724.5MEBITDA917.1MEBITDA margin22.0%Net debt1.4BQuick ratio0.79Interest cover10.75
ROIC13.8%Payout ratio25.3%Tax rate14.1%Stock pay / sales0.9%Shares out.159.7MShares Y/Y-1.0%
Book / share24.18Cash / share0.46Sales / share24.84Asset turnover0.60Inventory turns3.93Sales 3Y CAGR+0.4%
Sales 5Y CAGR+6.7%EPS 3Y CAGR+10.9%EPS 5Y CAGR+13.1%Employees9,000Sales / employee441K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

PNR against Industrials peers

Ten years, side by side → · All 83 →
GrowthProfitBalanceCleanInsiders
PNRPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.

Sales growth
+2.3%55th of 82 · median +4.8%
Net margin
15.4%26th of 82 · median 13.0%
Return on equity
15.9%55th of 77 · median 24.9%
Free cash flow margin
16.3%29th of 79 · median 13.0%
Debt / equity (less is better)
0.3812th of 72 · median 0.72
PNR and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
PNR Pentair$4.0B +2.3%41.2%15.4%15.9%16.3%0.38
ALLE Allegion$4.4B +7.8%45.1%15.7%31.8%16.9%0.94
ROL Rollins, Inc.$4.0B +11.0%-13.2%37.8%16.8%0.52
BE Bloom Energy$3.8B +37.3%32.3%13.7%27.1%11.4%1.28
AOS A. O. Smith$3.8B +0.3%38.6%13.0%27.1%14.8%0.37
IEX IDEX Corporation$3.7B +5.8%44.9%14.6%13.3%18.2%0.44
Where each dollar goes

From $3.8B of sales to $553.0M of profit

FY2021, from the 10-K income statement
Revenue to Gross profit: $1.3BRevenue to Cost of revenue: $2.4BGross profit to Operating profit: $636.9MGross profit to Operating expenses: $682.3MOperating profit to Net profit: $553.0MOperating profit to Tax & other: $83.9MOperating expenses to R&D: $85.9MOperating expenses to SG&A: $596.4M Revenue: $3.8B Revenue$3.8B +25% Y/Y Gross profit: $1.3B · 35% margin Gross profit$1.3B35% margin +25% Y/Y Cost of revenue: $2.4B · 65% of revenue Cost of revenue$2.4B65% of revenue Operating profit: $636.9M · 17% margin Operating profit$636.9M17% margin +38% Y/Y Operating expenses: $682.3M · 18% of revenue Operating expenses$682.3M18% of revenue Net profit: $553.0M · 15% margin Net profit$553.0M15% margin +54% Y/Y Tax & other: $83.9M · 2% of revenue Tax & other$83.9M2% of revenue R&D: $85.9M · 2% of revenue R&D$85.9M2% of revenue SG&A: $596.4M · 16% of revenue SG&A$596.4M16% of revenue

Swipe sideways for the whole flow →

From $4.1B of sales to $480.9M of profit

FY2022, from the 10-K income statement and revenue by segment
Pool to Revenue: $1.6BFlow to Revenue: $1.5BWater Solutions to Revenue: $986.8MRevenue to Gross profit: $1.4BRevenue to Cost of revenue: $2.8BGross profit to Operating profit: $595.3MGross profit to Operating expenses: $769.3MOperating profit to Net profit: $480.9MOperating profit to Tax & other: $114.4MOperating expenses to R&D: $92.2MOperating expenses to SG&A: $677.1M Pool: $1.6B · 40% Pool$1.6B40% Flow: $1.5B · 36% Flow$1.5B36% Water Solutions: $986.8M · 24% Water Solutions$986.8M24% Revenue: $4.1B Revenue$4.1B +9% Y/Y Gross profit: $1.4B · 33% margin Gross profit$1.4B33% margin +3% Y/Y Cost of revenue: $2.8B · 67% of revenue Cost of revenue$2.8B67% of revenue Operating profit: $595.3M · 14% margin Operating profit$595.3M14% margin −7% Y/Y Operating expenses: $769.3M · 19% of revenue Operating expenses$769.3M19% of revenue Net profit: $480.9M · 12% margin Net profit$480.9M12% margin −13% Y/Y Tax & other: $114.4M · 3% of revenue Tax & other$114.4M3% of revenue R&D: $92.2M · 2% of revenue R&D$92.2M2% of revenue SG&A: $677.1M · 16% of revenue SG&A$677.1M16% of revenue

Swipe sideways for the whole flow →

From $4.1B of sales to $622.7M of profit

FY2023, from the 10-K income statement and revenue by segment
Pool to Revenue: $1.3BFlow to Revenue: $1.6BWater Solutions to Revenue: $1.2BRevenue to Gross profit: $1.5BRevenue to Cost of revenue: $2.6BGross profit to Operating profit: $739.2MGross profit to Operating expenses: $780.0MOperating profit to Net profit: $622.7MOperating profit to Interest, tax, other: $116.5MOperating expenses to R&D: $99.8MOperating expenses to SG&A: $680.2M Pool: $1.3B · 33% Pool$1.3B33% Flow: $1.6B · 39% Flow$1.6B39% Water Solutions: $1.2B · 29% Water Solutions$1.2B29% Revenue: $4.1B Revenue$4.1B +0% Y/Y Gross profit: $1.5B · 37% margin Gross profit$1.5B37% margin +11% Y/Y Cost of revenue: $2.6B · 63% of revenue Cost of revenue$2.6B63% of revenue Operating profit: $739.2M · 18% margin Operating profit$739.2M18% margin +24% Y/Y Operating expenses: $780.0M · 19% of revenue Operating expenses$780.0M19% of revenue Net profit: $622.7M · 15% margin Net profit$622.7M15% margin +29% Y/Y Interest, tax, other: $116.5M · 3% of revenue Interest, tax, other$116.5M3% of revenue R&D: $99.8M · 2% of revenue R&D$99.8M2% of revenue SG&A: $680.2M · 17% of revenue SG&A$680.2M17% of revenue

Swipe sideways for the whole flow →

From $4.1B of sales to $625.4M of profit

FY2024, from the 10-K income statement and revenue by segment
Pool to Revenue: $1.4BFlow to Revenue: $1.5BWater Solutions to Revenue: $1.1BRevenue to Gross profit: $1.6BRevenue to Cost of revenue: $2.5BGross profit to Operating profit: $803.8MGross profit to Operating expenses: $795.0MOperating profit to Net profit: $625.4MOperating profit to Tax & other: $178.4MOperating expenses to R&D: $93.6MOperating expenses to SG&A: $701.4M Pool: $1.4B · 35% Pool$1.4B35% Flow: $1.5B · 37% Flow$1.5B37% Water Solutions: $1.1B · 28% Water Solutions$1.1B28% Revenue: $4.1B Revenue$4.1B −1% Y/Y Gross profit: $1.6B · 39% margin Gross profit$1.6B39% margin +5% Y/Y Cost of revenue: $2.5B · 61% of revenue Cost of revenue$2.5B61% of revenue Operating profit: $803.8M · 20% margin Operating profit$803.8M20% margin +9% Y/Y Operating expenses: $795.0M · 19% of revenue Operating expenses$795.0M19% of revenue Net profit: $625.4M · 15% margin Net profit$625.4M15% margin +0% Y/Y Tax & other: $178.4M · 4% of revenue Tax & other$178.4M4% of revenue R&D: $93.6M · 2% of revenue R&D$93.6M2% of revenue SG&A: $701.4M · 17% of revenue SG&A$701.4M17% of revenue

Swipe sideways for the whole flow →

From $4.2B of sales to $653.8M of profit

FY2025, from the 10-K income statement and revenue by segment
Pool to Revenue: $1.6BFlow to Revenue: $1.6BWater Solutions to Revenue: $1.1BRevenue to Gross profit: $1.7BRevenue to Cost of revenue: $2.5BGross profit to Operating profit: $857.5MGross profit to Operating expenses: $832.8MOperating profit to Net profit: $653.8MOperating profit to Tax & other: $203.7MOperating expenses to R&D: $95.9MOperating expenses to SG&A: $736.9M Pool: $1.6B · 37% Pool$1.6B37% Flow: $1.6B · 37% Flow$1.6B37% Water Solutions: $1.1B · 25% Water Solutions$1.1B25% Revenue: $4.2B Revenue$4.2B +2% Y/Y Gross profit: $1.7B · 40% margin Gross profit$1.7B40% margin +6% Y/Y Cost of revenue: $2.5B · 60% of revenue Cost of revenue$2.5B60% of revenue Operating profit: $857.5M · 21% margin Operating profit$857.5M21% margin +7% Y/Y Operating expenses: $832.8M · 20% of revenue Operating expenses$832.8M20% of revenue Net profit: $653.8M · 16% margin Net profit$653.8M16% margin +5% Y/Y Tax & other: $203.7M · 5% of revenue Tax & other$203.7M5% of revenue R&D: $95.9M · 2% of revenue R&D$95.9M2% of revenue SG&A: $736.9M · 18% of revenue SG&A$736.9M18% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2021
FY2022
FY2023
FY2024
FY2025
  • Cost of revenue
  • R&D
  • Sales, admin & other
  • Tax & other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

4 of 4
  • ✓
    Net margin above the peer median15.4% vs 13.0%
  • ✓
    Gross margin up over 5 years35.0% → 40.5%
  • ✓
    Return on equity above 15%15.9%
  • ✓
    A profit in every one of 10 years
Net margin, FY2016 to FY2025: 10.7% → 15.7%

Balance sheet

4 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 10.7× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.38 on the latest balance sheet (peer median 0.72)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.47
  • ✓
    Net debt under 3 years of free cash flow$1.4B net debt, 2.2 years
Debt / equity at each year end, FY2016 to FY2025: 1.01 → 0.42
What the debt is made of ↓

Cash and shareholders

4 of 4
  • ✓
    Free cash flow positive in every one of 10 years$746.0M last year
  • ✓
    Share count down over 5 years−1.1%
  • ✓
    Dividend per share up over 5 years$0.76 → $1.00
  • ✓
    Cash from operations above net income$814.8M vs $653.8M
Free cash flow, FY2016 to FY2025: 818.1M → 746.0M

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Debt

$1.5B of principal due, schedule of Sep 30, 2026

Repayment schedule →

From the balance sheet in the latest 10-K or 10-Q (XBRL). When each part falls due, year by year, and the debt note's own lines are on the Debt tab.

Revenue and net income, FY2016 to FY2025

Revenue 4.2B Net income 653.8M
FY2016 revenue 4.9B · SalesRevenueNet, 0000077360-18-000007 FY2016 net income 522.2M · NetIncomeLoss, 0000077360-19-000006 4.9B FY2016 FY2017 revenue 4.9B · SalesRevenueNet, 0000077360-18-000007 FY2017 net income 666.5M · NetIncomeLoss, 0000077360-20-000006 4.9B FY2017 FY2018 revenue 3.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000077360-21-000005 FY2018 net income 347.4M · NetIncomeLoss, 0000077360-21-000005 3.0B FY2018 FY2019 revenue 3.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000077360-22-000006 FY2019 net income 355.7M · NetIncomeLoss, 0000077360-22-000006 3.0B FY2019 FY2020 revenue 3.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000077360-23-000006 FY2020 net income 358.6M · NetIncomeLoss, 0000077360-23-000006 3.0B FY2020 FY2021 revenue 3.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000077360-24-000007 FY2021 net income 553.0M · NetIncomeLoss, 0000077360-24-000007 3.8B FY2021 FY2022 revenue 4.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000077360-25-000006 FY2022 net income 480.9M · NetIncomeLoss, 0000077360-25-000006 4.1B FY2022 FY2023 revenue 4.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000077360-26-000007 FY2023 net income 622.7M · NetIncomeLoss, 0000077360-26-000007 4.1B FY2023 FY2024 revenue 4.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000077360-26-000007 FY2024 net income 625.4M · NetIncomeLoss, 0000077360-26-000007 4.1B FY2024 FY2025 revenue 4.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000077360-26-000007 FY2025 net income 653.8M · NetIncomeLoss, 0000077360-26-000007 4.2B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

PNR's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Revenue4.2B
FY2016: 4.9BFY2017: 4.9BFY2018: 3.0BFY2019: 3.0BFY2020: 3.0BFY2021: 3.8BFY2022: 4.1BFY2023: 4.1BFY2024: 4.1BFY2025: 4.2B FY2017FY2019FY2021FY2023FY2025
Net income653.8M
FY2016: 522.2MFY2017: 666.5MFY2018: 347.4MFY2019: 355.7MFY2020: 358.6MFY2021: 553.0MFY2022: 480.9MFY2023: 622.7MFY2024: 625.4MFY2025: 653.8M FY2017FY2019FY2021FY2023FY2025
Free cash flow746.0M
FY2016: 818.1MFY2017: 581.1MFY2018: 390.9MFY2019: 294.5MFY2020: 511.4MFY2021: 553.0MFY2022: 278.1MFY2023: 543.2MFY2024: 692.3MFY2025: 746.0M FY2017FY2019FY2021FY2023FY2025
EPS (diluted)3.96
FY2016: 2.85FY2017: 3.63FY2018: 1.96FY2019: 2.09FY2020: 2.14FY2021: 3.30FY2022: 2.90FY2023: 3.75FY2024: 3.74FY2025: 3.96 FY2017FY2019FY2021FY2023FY2025
Dividend per share1.00
FY2016: 1.34FY2017: 1.38FY2018: 1.05FY2019: 0.72FY2020: 0.76FY2021: 0.80FY2022: 0.84FY2023: 0.88FY2024: 0.92FY2025: 1.00 FY2017FY2019FY2021FY2023FY2025
Diluted shares165.5M
FY2016: 183.1MFY2017: 183.7MFY2018: 177.3MFY2019: 170.4MFY2020: 167.4MFY2021: 167.5MFY2022: 165.6MFY2023: 166.3MFY2024: 167.1MFY2025: 165.5M FY2017FY2019FY2021FY2023FY2025

The segments changed

10-K filed 2026-02-24
Effective January 1, 2026, we reorganized the composition of our Flow and Water Solutions reportable segments to move our residential and irrigation flow business from our Flow segment to our Water Solutions segment. 10-K

When a company changes its segments, the years before are usually recast, so growth by segment is not comparable with what earlier 10-Ks showed. Found by comparing the segments with revenue in the last two 10-Ks (XBRL) and by the 10-K's own words, without AI.

Revenue by business segment

year to Dec 31, 2025
RevenueSharevs year before
Pool 1.6B37.3% +8.5%
Flow 1.6B37.2% +2.6%
Water Solutions 1.1B25.4% -6.1%

10-K 0000077360-26-000007, segment and revenue notes (XBRL).

Revenue by region

year to Dec 31, 2025
RevenueSharevs year before
United States 2.9B70.4% +3.7%
Developing 507.8M12.2% -3.7%
Western Europe 496.0M11.9% +0.5%
Other Developed 234.1M5.6% +2.4%

10-K 0000077360-26-000007, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue4.9B4.9B3.0B3.0B3.0B3.8B4.1B4.1B4.1B4.2B
Cost of revenue1.8B1.9B1.9B1.9B2.0B2.4B2.8B2.6B2.5B2.5B
Gross profit959.1M987.5M1.0B1.1B1.1B1.3B1.4B1.5B1.6B1.7B
R&D73.3M73.2M76.7M78.9M75.7M85.9M92.2M99.8M93.6M95.9M
SG&A531.4M536.0M534.3M540.1M520.5M596.4M677.1M680.2M701.4M736.9M
Operating income354.4M378.3M436.7M432.5M461.4M636.9M595.3M739.2M803.8M857.5M
Interest expense140.1M87.3M32.6M30.1M41.0M29.9M57.0M146.4M145.6M79.8M
Pretax income220.9M172.8M379.8M407.5M432.1M626.8M550.6M618.9M718.9M756.5M
Income tax42.7M58.7M58.1M45.8M75.0M70.8M67.4M-4.0M93.3M107.0M
Net income522.2M666.5M347.4M355.7M358.6M553.0M480.9M622.7M625.4M653.8M
EPS (diluted)2.853.631.962.092.143.302.903.753.743.96
Diluted shares183.1M183.7M177.3M170.4M167.4M167.5M165.6M166.3M167.1M165.5M
Depreciation & amortization53.0M50.8M49.7M48.3M46.7M51.2M54.1M59.5M60.3M59.6M
EBITDA407.4M429.1M486.4M480.8M508.1M688.1M649.4M798.7M864.1M917.1M
Gross margin19.6%20.0%35.3%35.6%35.0%35.0%33.1%37.0%39.2%40.5%
Operating margin7.2%7.7%14.7%14.6%15.3%16.9%14.4%18.0%19.7%20.5%
Net margin10.7%13.5%11.7%12.0%11.9%14.7%11.7%15.2%15.3%15.7%
Revenue growth-+1.0%-39.9%-0.3%+2.0%+24.8%+9.5%-0.4%-0.5%+2.3%
EPS growth-+27.4%-46.0%+6.6%+2.4%+54.2%-12.1%+29.3%-0.3%+5.9%

Stock-based pay and leases

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)34.2M39.6M20.9M21.4M20.3M29.8M24.9M29.1M39.7M37.0M
Stock-based pay / revenue0.7%0.8%0.7%0.7%0.7%0.8%0.6%0.7%1.0%0.9%
Operating lease cost---32.5M32.5M37.2M46.8M49.7M50.3M53.5M
Operating lease cash paid---26.8M28.5M41.5M47.3M35.5M36.3M34.3M
Right-of-use assets--077.2M83.6M84.5M78.6M102.0M116.1M115.3M
Operating lease liabilities--080.1M87.2M88.2M81.7M105.3M119.1M127.3M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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