NYSE : PNR
Pentair plc — Financial statements
Industrials · Specialty Industrial Machinery · United Kingdom
Last price 66.26 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 10.58B
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Financial statements
Pentair plc (PNR) reported revenue of 3.97B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.97B | 4.18B | 4.08B | 4.10B | 4.12B | 3.76B |
| Cost of Revenue | 2.37B | 2.47B | 2.47B | 2.59B | 2.75B | 2.45B |
| Gross Profit | 1.59B | 1.71B | 1.61B | 1.52B | 1.37B | 1.32B |
| Selling, General & Admin | 649.90M | 638.10M | 607.10M | 690.60M | 642.60M | 596.40M |
| Research & Development | 94.10M | 95.90M | 93.60M | 99.80M | 92.20M | 85.90M |
| Operating Expenses | 744.00M | 734.00M | 700.70M | 790.40M | 734.80M | 682.30M |
| Operating Income | 849.20M | 973.40M | 909.40M | 728.80M | 635.60M | 636.90M |
| Interest Expense | -78.60M | -69.40M | -88.60M | -118.30M | -52.80M | -12.50M |
| Other Non Operating Income (Expenses) | 700.00K | 200.00K | 2.10M | 8.40M | 2.50M | 1.00M |
| EBT Excluding Unusual Items | 771.30M | 904.20M | 822.90M | 618.90M | 585.30M | 625.40M |
| Merger & Restructuring Charges | -118.90M | -120.30M | -97.70M | -34.70M | ||
| Gain (Loss) on Sale of Assets | -26.30M | 1.40M | ||||
| Asset Writedown | -1.10M | -1.10M | -6.30M | |||
| Other Unusual Items | 42.70M | |||||
| Pretax Income | 694.00M | 756.50M | 718.90M | 618.90M | 550.60M | 626.80M |
| Income Tax Expense | 97.70M | 107.00M | 93.30M | -4.00M | 67.40M | 70.80M |
| Earnings From Continuing Operations | 596.30M | 649.50M | 625.60M | 622.90M | 483.20M | 556.00M |
| Earnings From Discontinued Operations | 15.90M | 4.30M | -200.00K | -200.00K | -2.30M | -3.00M |
| Net Income | 612.20M | 653.80M | 625.40M | 622.70M | 480.90M | 553.00M |
| Net Income to Common | 612.20M | 653.80M | 625.40M | 622.70M | 480.90M | 553.00M |
| Shares Outstanding (Basic) | 161.55M | 164.10M | 165.60M | 165.10M | 164.80M | 165.80M |
| Shares Outstanding (Diluted) | 162.57M | 165.50M | 167.10M | 166.30M | 165.60M | 167.50M |
| EPS (Basic) | 3.79 | 3.98 | 3.78 | 3.77 | 2.92 | 3.34 |
| EPS (Diluted) | 3.78 | 3.96 | 3.74 | 3.75 | 2.91 | 3.30 |
| Free Cash Flow | 646.60M | 746.00M | 692.30M | 543.20M | 278.10M | 553.00M |
| Free Cash Flow Per Share | 3.98 | 4.51 | 4.14 | 3.27 | 1.68 | 3.30 |
| Dividend Per Share | 1.06 | 1.00 | 0.92 | 0.88 | 0.84 | 0.80 |
| Gross Margin | 40.17% | 40.89% | 39.44% | 37.01% | 33.25% | 35.04% |
| Operating Margin | 21.41% | 23.31% | 22.27% | 17.76% | 15.42% | 16.92% |
| Profit Margin | 15.43% | 15.66% | 15.32% | 15.17% | 11.67% | 14.69% |
| Free Cash Flow Margin | 16.30% | 17.86% | 16.96% | 13.23% | 6.75% | 14.69% |
| EBITDA | 971.00M | 1.09B | 1.02B | 843.60M | 742.20M | 714.40M |
| EBITDA Margin | 24.48% | 26.13% | 25.08% | 20.55% | 18.01% | 18.98% |
| D&A For EBITDA | 121.80M | 117.70M | 114.60M | 114.80M | 106.60M | 77.50M |
| EBIT | 849.20M | 973.40M | 909.40M | 728.80M | 635.60M | 636.90M |
| EBIT Margin | 21.41% | 23.31% | 22.27% | 17.76% | 15.42% | 16.92% |
| Effective Tax Rate | 14.08% | 14.14% | 12.98% | 12.24% | 11.29% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 74.00M | 101.60M | 118.70M | 170.30M | 108.90M | 94.50M |
| Cash & Short-Term Investments | 74.00M | 101.60M | 118.70M | 170.30M | 108.90M | 94.50M |
| Receivables | 562.40M | 727.10M | 611.90M | 632.50M | 579.90M | 583.10M |
| Inventory | 655.00M | 632.60M | 610.90M | 677.70M | 790.00M | 562.90M |
| Prepaid Expenses | 73.50M | 66.20M | 51.00M | 55.20M | 74.80M | 57.10M |
| Other Current Assets | 6.60M | 14.30M | 43.60M | 33.30M | 4.90M | 6.40M |
| Total Current Assets | 1.37B | 1.54B | 1.44B | 1.57B | 1.56B | 1.30B |
| Property, Plant & Equipment | 524.00M | 492.10M | 474.90M | 464.00M | 423.10M | 394.50M |
| Goodwill | 3.52B | 3.54B | 3.29B | 3.27B | 3.25B | 2.50B |
| Other Intangible Assets | 1.03B | 1.07B | 1.03B | 1.04B | 1.09B | 428.00M |
| Long-Term Deferred Tax Assets | 130.60M | 134.20M | 129.60M | 113.20M | 26.00M | 23.10M |
| Other Long-Term Assets | 94.70M | 89.30M | 85.50M | 100.10M | 92.70M | 99.50M |
| Total Assets | 6.67B | 6.87B | 6.45B | 6.56B | 6.45B | 4.75B |
| Accounts Payable | 289.60M | 301.50M | 272.80M | 278.90M | 355.00M | 385.70M |
| Accrued Expenses | 313.10M | 337.80M | 316.80M | 357.30M | 378.40M | 385.40M |
| Short-Term Debt | 9.30M | |||||
| Current Portion of Leases | 28.10M | 28.50M | 26.30M | 26.20M | 29.30M | 25.60M |
| Current Income Taxes Payable | 18.10M | 26.80M | 28.80M | 20.70M | 21.80M | 32.00M |
| Current Unearned Revenue | 25.20M | 37.40M | 33.80M | 46.90M | 43.80M | 31.20M |
| Other Current Liabilities | 257.10M | 227.30M | 207.30M | 219.60M | 234.80M | 191.80M |
| Total Current Liabilities | 931.20M | 959.30M | 895.10M | 949.60M | 1.06B | 1.05B |
| Long-Term Debt | 1.48B | 1.64B | 1.64B | 1.99B | 2.32B | 894.10M |
| Long-Term Leases | 126.90M | 98.80M | 92.80M | 79.10M | 52.40M | 62.60M |
| Pension & Post-Retirement Benefits | 55.60M | 58.80M | 61.60M | 73.60M | 70.80M | 93.20M |
| Long-Term Deferred Tax Liabilities | 44.90M | 47.50M | 44.40M | 40.00M | 43.30M | 89.80M |
| Other Long-Term Liabilities | 162.50M | 196.40M | 151.00M | 215.60M | 192.50M | 140.30M |
| Total Liabilities | 2.81B | 3.00B | 2.88B | 3.35B | 3.74B | 2.33B |
| Common Stock | 1.60M | 1.70M | 1.70M | 1.70M | 1.70M | 1.70M |
| Additional Paid-In Capital | 977.60M | 1.31B | 1.50B | 1.59B | 1.55B | 1.58B |
| Retained Earnings | 3.14B | 2.82B | 2.34B | 1.87B | 1.39B | 1.05B |
| Comprehensive Income & Other | -258.40M | -268.20M | -276.60M | -244.40M | -239.00M | -213.90M |
| Shareholders' Equity | 3.86B | 3.87B | 3.56B | 3.22B | 2.71B | 2.42B |
| Total Liabilities & Equity | 6.67B | 6.87B | 6.45B | 6.56B | 6.45B | 4.75B |
| Total Debt | 1.64B | 1.77B | 1.77B | 2.09B | 2.40B | 982.30M |
| Net Cash (Debt) | -1.57B | -1.66B | -1.65B | -1.92B | -2.29B | -887.80M |
| Net Cash Per Share | -9.63 | -10.06 | -9.86 | -11.57 | -13.83 | -5.30 |
| Filing Date Shares Outstanding | 159.65M | 163.24M | 164.82M | 165.33M | 164.54M | 165.10M |
| Total Common Shares Outstanding | 159.65M | 163.24M | 164.82M | 165.33M | 164.54M | 165.10M |
| Working Capital | 440.30M | 582.50M | 541.00M | 619.40M | 495.40M | 252.30M |
| Book Value Per Share | 24.18 | 23.70 | 21.62 | 19.46 | 16.46 | 14.67 |
| Tangible Book Value | -684.40M | -742.20M | -757.50M | -1.10B | -1.64B | -510.60M |
| Tangible Book Value Per Share | -4.29 | -4.55 | -4.60 | -6.65 | -9.96 | -3.09 |
| Land | 33.60M | 33.20M | 31.30M | 32.30M | 32.30M | 34.80M |
| Buildings | 246.40M | 241.20M | 217.90M | 225.50M | 200.70M | 194.50M |
| Machinery | 724.00M | 702.70M | 675.80M | 669.90M | 639.20M | 607.30M |
| Construction In Progress | 51.70M | 45.10M | 51.10M | 55.80M | 60.60M | 62.80M |
| Order Backlog | 567.50M | 611.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 612.20M | 653.80M | 625.40M | 622.70M | 480.90M | 553.00M |
| Depreciation & Amortization | 121.80M | 117.70M | 114.60M | 114.80M | 106.60M | 77.50M |
| Other Amortization | 9.00M | |||||
| Loss (Gain) From Sale of Assets | 26.30M | -3.40M | -2.30M | -700.00K | ||
| Asset Writedown & Restructuring Costs | 600.00K | 49.10M | 17.60M | 7.90M | 25.60M | |
| Loss (Gain) on Equity Investments | -1.30M | -1.00M | -1.90M | -2.80M | -1.80M | -300.00K |
| Stock-Based Compensation | 33.30M | 37.00M | 39.70M | 29.10M | 24.90M | 29.80M |
| Other Operating Activities | -26.10M | -12.30M | -23.10M | -88.90M | -63.50M | -12.60M |
| Change in Accounts Receivable | 19.40M | -93.10M | -11.20M | -24.40M | 30.40M | -142.00M |
| Change in Inventory | -16.10M | -36.90M | 53.60M | 109.60M | -187.00M | -121.40M |
| Change in Accounts Payable | -19.40M | 20.50M | -3.70M | -75.10M | -56.90M | 114.20M |
| Change in Other Net Operating Assets | 11.70M | 53.70M | -44.10M | -68.70M | -1.60M | 116.10M |
| Operating Cash Flow | 724.50M | 814.80M | 766.70M | 619.20M | 363.30M | 613.20M |
| Capital Expenditures | -77.90M | -68.80M | -74.40M | -76.00M | -85.20M | -60.20M |
| Sale of Property, Plant & Equipment | 2.70M | 2.40M | 600.00K | 5.60M | 4.10M | 3.90M |
| Cash Acquisitions | 100.00K | -292.10M | -108.00M | -600.00K | -1.58B | -338.50M |
| Divestitures | 1.40M | |||||
| Investment in Securities | -18.00M | |||||
| Other Investing Activities | -30.40M | -28.00M | -5.80M | -14.40M | 79.20M | 2.70M |
| Investing Cash Flow | -105.50M | -404.50M | -187.60M | -85.40M | -1.58B | -390.70M |
| Short-Term Debt Issued | 9.30M | |||||
| Long-Term Debt Issued | 268.20M | 9.50M | 1.52B | 159.40M | ||
| Total Debt Issued | 557.70M | 268.20M | 18.80M | 1.52B | 159.40M | |
| Short-Term Debt Repaid | -9.30M | |||||
| Long-Term Debt Repaid | -269.30M | -362.50M | -332.50M | -88.30M | -103.80M | |
| Total Debt Repaid | -652.00M | -278.60M | -362.50M | -332.50M | -88.30M | -103.80M |
| Net Debt Issued (Repaid) | -94.30M | -10.40M | -343.70M | -332.50M | 1.43B | 55.60M |
| Issuance of Common Stock | 18.40M | 9.60M | 22.20M | |||
| Repurchase of Common Stock | -407.60M | -225.60M | -150.00M | -52.70M | -150.00M | |
| Common Dividends Paid | -171.80M | -164.30M | -152.30M | -145.20M | -138.60M | -133.00M |
| Other Financing Activities | -12.50M | -2.20M | -9.10M | -3.50M | -17.00M | |
| Financing Cash Flow | -686.20M | -402.50M | -636.70M | -468.10M | 1.23B | -222.20M |
| Foreign Exchange Rate Adjustments | 12.80M | -24.90M | 6.00M | -4.30M | 1.20M | 12.10M |
| Net Cash Flow | -54.40M | -17.10M | -51.60M | 61.40M | 14.40M | 12.40M |
| Free Cash Flow | 646.60M | 746.00M | 692.30M | 543.20M | 278.10M | 553.00M |
| Free Cash Flow Margin | 16.30% | 17.86% | 16.96% | 13.23% | 6.75% | 14.69% |
| Free Cash Flow Per Share | 3.98 | 4.51 | 4.14 | 3.27 | 1.68 | 3.30 |
| Levered Free Cash Flow | 519.02M | 599.40M | 610.30M | 389.96M | 187.15M | 396.55M |
| Unlevered Free Cash Flow | 568.15M | 642.77M | 665.67M | 463.90M | 211.15M | 404.36M |
| Cash Income Tax Paid | 86.90M | 86.90M | 121.00M | 120.00M | 122.60M | 71.80M |
| Change in Working Capital | -4.40M | -55.80M | -5.40M | -58.60M | -215.10M | -33.10M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.58B | 17.04B | 16.63B | 12.02B | 7.40B | 12.08B |
| Enterprise Value | 12.14B | 18.61B | 18.15B | 13.97B | 9.76B | 12.69B |
| Last Close Price | 66.26 | 102.61 | 98.17 | 70.12 | 42.71 | 68.21 |
| PE Ratio | 17.53 | 26.07 | 26.59 | 19.30 | 15.39 | 21.85 |
| Forward PE | 12.82 | 19.79 | 21.39 | 17.86 | 12.77 | 19.94 |
| PS Ratio | 2.67 | 4.08 | 4.07 | 2.93 | 1.79 | 3.21 |
| PB Ratio | 2.74 | 4.40 | 4.67 | 3.74 | 2.73 | 4.99 |
| P/FCF Ratio | 16.36 | 22.84 | 24.02 | 22.13 | 26.61 | 21.85 |
| P/OCF Ratio | 14.60 | 20.91 | 21.69 | 19.41 | 20.37 | 19.71 |
| PEG Ratio | 2.09 | 1.87 | 1.66 | 1.98 | 1.48 | 1.47 |
| EV/Sales Ratio | 3.06 | 4.46 | 4.45 | 3.40 | 2.37 | 3.37 |
| EV/EBITDA Ratio | 12.51 | 17.05 | 17.73 | 16.56 | 13.15 | 17.77 |
| EV/EBIT Ratio | 14.30 | 19.11 | 19.96 | 19.17 | 15.35 | 19.93 |
| EV/FCF Ratio | 18.78 | 24.94 | 26.22 | 25.73 | 35.09 | 22.95 |
| Debt / Equity Ratio | 0.42 | 0.46 | 0.50 | 0.65 | 0.89 | 0.41 |
| Debt / EBITDA Ratio | 1.60 | 1.54 | 1.65 | 2.34 | 3.04 | 1.31 |
| Debt / FCF Ratio | 2.54 | 2.37 | 2.55 | 3.85 | 8.63 | 1.78 |
| Net Debt / Equity Ratio | 0.41 | 0.43 | 0.46 | 0.60 | 0.85 | 0.37 |
| Net Debt / EBITDA Ratio | 1.61 | 1.53 | 1.61 | 2.28 | 3.09 | 1.24 |
| Net Debt / FCF Ratio | 2.42 | 2.23 | 2.38 | 3.54 | 8.23 | 1.60 |
| Asset Turnover | 0.59 | 0.63 | 0.63 | 0.63 | 0.74 | 0.84 |
| Inventory Turnover | 3.67 | 3.97 | 3.84 | 3.52 | 4.07 | 4.98 |
| Quick Ratio | 0.68 | 0.86 | 0.82 | 0.84 | 0.65 | 0.64 |
| Current Ratio | 1.47 | 1.61 | 1.60 | 1.65 | 1.47 | 1.24 |
| Return on Equity (ROE) | 15.60% | 17.48% | 18.45% | 21.02% | 18.84% | 24.56% |
| Return on Assets (ROA) | 7.91% | 9.14% | 8.74% | 7.00% | 7.09% | 8.89% |
| Return on Invested Capital (ROIC) | 13.45% | 15.56% | 15.29% | 14.38% | 13.43% | 18.05% |
| Return on Capital Employed (ROCE) | 14.80% | 16.50% | 16.40% | 13.00% | 11.80% | 17.20% |
| Earnings Yield | 5.70% | 3.84% | 3.76% | 5.18% | 6.50% | 4.58% |
| FCF Yield | 6.11% | 4.38% | 4.16% | 4.52% | 3.76% | 4.58% |
| Dividend Yield | 1.63% | 0.96% | 0.91% | 1.21% | 1.87% | 1.09% |
| Payout Ratio | 28.58% | 25.13% | 24.35% | 23.32% | 28.82% | 24.05% |
| Buyback Yield / Dilution | 2.05% | 0.96% | -0.48% | -0.42% | 1.13% | -0.06% |
| Total Shareholder Return | 3.68% | 1.92% | 0.43% | 0.79% | 3.00% | 1.03% |