NYSE: PNR
Pentair
Industrials · Special Industry Machinery (No Metalworking Machinery)
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$8.46B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $10.2B |
| FY2017, ended Dec 31, 2017 | $12.8B |
| FY2018, ended Dec 31, 2018 | $6.47B |
| FY2019, ended Dec 31, 2019 | $7.72B |
| FY2020, ended Dec 31, 2020 | $8.82B |
| FY2021, ended Dec 31, 2021 | $12.1B |
| FY2022, ended Dec 31, 2022 | $7.40B |
| FY2023, ended Dec 31, 2023 | $12.0B |
| FY2024, ended Dec 31, 2024 | $16.6B |
| FY2025, ended Dec 31, 2025 | $17.0B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $8.46B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$3.97B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $4.89B |
| FY2017, ended Dec 31, 2017 | $4.94B |
| FY2018, ended Dec 31, 2018 | $2.97B |
| FY2019, ended Dec 31, 2019 | $2.96B |
| FY2020, ended Dec 31, 2020 | $3.02B |
| FY2021, ended Dec 31, 2021 | $3.76B |
| FY2022, ended Dec 31, 2022 | $4.12B |
| FY2023, ended Dec 31, 2023 | $4.10B |
| FY2024, ended Dec 31, 2024 | $4.08B |
| FY2025, ended Dec 31, 2025 | $4.18B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $3.97B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $522M | $818M |
| FY2017, ended Dec 31, 2017 | $667M | $581M |
| FY2018, ended Dec 31, 2018 | $347M | $391M |
| FY2019, ended Dec 31, 2019 | $356M | $295M |
| FY2020, ended Dec 31, 2020 | $359M | $511M |
| FY2021, ended Dec 31, 2021 | $553M | $553M |
| FY2022, ended Dec 31, 2022 | $481M | $278M |
| FY2023, ended Dec 31, 2023 | $623M | $543M |
| FY2024, ended Dec 31, 2024 | $625M | $692M |
| FY2025, ended Dec 31, 2025 | $654M | $746M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $612M | $647M |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$74.0M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $217M |
| FY2017, ended Dec 31, 2017 | $86.3M |
| FY2018, ended Dec 31, 2018 | $74.3M |
| FY2019, ended Dec 31, 2019 | $82.5M |
| FY2020, ended Dec 31, 2020 | $82.1M |
| FY2021, ended Dec 31, 2021 | $94.5M |
| FY2022, ended Dec 31, 2022 | $109M |
| FY2023, ended Dec 31, 2023 | $170M |
| FY2024, ended Dec 31, 2024 | $119M |
| FY2025, ended Dec 31, 2025 | $102M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $74.0M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$1.48B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $4.30B |
| FY2017, ended Dec 31, 2017 | $1.47B |
| FY2018, ended Dec 31, 2018 | $864M |
| FY2019, ended Dec 31, 2019 | $1.15B |
| FY2020, ended Dec 31, 2020 | $840M |
| FY2021, ended Dec 31, 2021 | $894M |
| FY2022, ended Dec 31, 2022 | $2.32B |
| FY2023, ended Dec 31, 2023 | $1.99B |
| FY2024, ended Dec 31, 2024 | $1.65B |
| FY2025, ended Dec 31, 2025 | $1.64B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $1.48B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 12.2% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.160M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 182M |
| FY2017, ended Dec 31, 2017 | 182M |
| FY2018, ended Dec 31, 2018 | 171M |
| FY2019, ended Dec 31, 2019 | 168M |
| FY2020, ended Dec 31, 2020 | 166M |
| FY2021, ended Dec 31, 2021 | 165M |
| FY2022, ended Dec 31, 2022 | 165M |
| FY2023, ended Dec 31, 2023 | 165M |
| FY2024, ended Dec 31, 2024 | 165M |
| FY2025, ended Dec 31, 2025 | 163M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 160M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $33.3M more issued than bought back
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $0 | $34.2M |
| FY2017, ended Dec 31, 2017 | $200M | $39.6M |
| FY2018, ended Dec 31, 2018 | $500M | $20.9M |
| FY2019, ended Dec 31, 2019 | $150M | $21.4M |
| FY2020, ended Dec 31, 2020 | $150M | $20.3M |
| FY2021, ended Dec 31, 2021 | $150M | $29.8M |
| FY2022, ended Dec 31, 2022 | $50.0M | $24.9M |
| FY2023, ended Dec 31, 2023 | $0 | $29.1M |
| FY2024, ended Dec 31, 2024 | $150M | $39.7M |
| FY2025, ended Dec 31, 2025 | $225M | $37.0M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | — | $33.3M |
Revenue (TTM)
$3.97B
−3.9% YoY
Net income (TTM)
$612M
−6.4% YoY
Cash
$74.0M
−42.4% YoY
Total debt
$1.48B
−6.1% YoY
Valuation
At current price- Market Cap
- $10.6B
- P/E
- 17.3×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 2.7×
- Price / Book
- 2.7×
- EV / EBITDA
- 13.3×
Growth
Trailing 12 months- Revenue (TTM)
- $3.97B
- Revenue Growth YoY
- −3.9%
- Revenue CAGR 3Y
- 0.4%
- Revenue CAGR 5Y
- 6.7%
- EPS Growth YoY
- −3.8%
- Net Income Growth YoY
- −6.4%
Profitability
Trailing 12 months- Gross Margin
- 41.2%
- Operating Margin
- 19.6%
- Net Margin
- 15.4%
- FCF Margin
- 16.3%
- Return on Equity
- 16.0%
Earnings
Trailing 12 months- Net Income
- $612M
- EPS (diluted)
- $3.78
- EBITDA
- $899M
- Operating Income
- $777M
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $74.0M
- Total Debt
- $1.48B
- Net Debt
- $1.41B
- Total Assets
- $6.67B
- Total Liabilities
- $2.81B
- Shareholders' Equity
- $3.86B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $725M
- Capital Expenditure
- $77.9M
- Free Cash Flow
- $647M
Dividends and risk
Last 12 months- Dividend Yield
- 1.6%
- Dividend / Share
- $1.08
- Beta (5Y)
- 1.03
Every ratio is calculated from the company’s reported figures.
Note
Revenue is roughly flat year over year at $3.97B.
Note
Net margin of 15.4% over the last 12 months.
Note
Net debt of $1.41B is 1.6× EBITDA.
Strength
Turns 16.3% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 27, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K63Mildly positive
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 24, 2026 · Read the filing on EDGAR
- Sales rose 2.3% to $4.18 billion and operating income rose 6.7% to $857.5 million, helped by price increases and productivity gains despite lower volumes.
- Pool sales grew 8.5% and Flow sales 2.6%, while Water Solutions sales fell 6.1% on lower volumes and business exits.
- Free cash flow reached $748.4 million; Pentair bought Hydra-Stop for $292.1 million, repurchased $225.0 million of shares and authorized a new $1.0 billion buyback.
- A February 2026 Supreme Court ruling struck down certain tariffs, leaving possible refunds and replacement tariffs unclear, while management expects cost inflation to continue into 2026.
Business momentum
Improving
“The 2.3 percent increase in consolidated net sales in 2025 from 2024 was primarily the result of:”
Outlook
Neutral
“We anticipate that supply chain pressures and inflationary cost increases resulting from these tariffs, as well as any related impacts on macroeconomic conditions and our business, will likely continue into 2026.”
Financial stress
Low
“We expect to continue to have sufficient cash and borrowing capacity to support working capital needs and capital expenditures, to pay interest and service debt and to pay dividends to shareholders quarterly.”
Tone against the previous report
About the same
Red flags
- Minor
Large write-down
“An impairment charge of $30.9 million was recorded in 2025 related to the write-off of a definite-lived customer relationship intangible asset resulting from a business exit within our Water Solutions segment during the second quarter of 2025.”
Positives
Profit margins widened as prices and productivity outran higher costs
“increased productivity across all our segments mainly driven by transformation initiatives.”
Pool, the largest segment, grew sales 8.5% with higher demand
“increased sales volume due to higher demand compared to the prior year.”
Free cash flow rose to $748.4 million and the dividend rate increased 8%
“This dividend reflects an 8 percent increase in the Company’s regular cash dividend rate.”
Concerns
Sales growth came from price increases while overall volumes fell
“decreased sales volume within our Flow and Water Solutions segments compared to the prior year.”
Tariffs and inflation keep pushing costs higher
“We expect these actions and additional reactionary tariff adjustments by other countries to continue to impact our business and contribute to inflationary cost increases.”
Water Solutions sales fell 6.1% and its income slipped slightly
“business exits that occurred during the fourth quarter of 2024 and second quarter of 2025 in our residential and commercial businesses.”
New risks since the previous report
Supreme Court tariff ruling leaves refunds and replacement tariffs uncertain
“It is unclear at this time what impact this decision will have on our future financial results”
Tougher US customs enforcement and a new Trade Fraud Task Force
“the U.S. government has announced enhanced focus on customs enforcement”
North American trade agreement comes up for review in 2026
“including the United States-Mexico-Canada Agreement, the current version of which is due for review in 2026”
Largest customer's share of sales rose to about 18% from about 15%
“Our net sales to our largest customer represented approximately 18% of our consolidated net sales in 2025.”
Global 15% minimum tax is raising the company's tax rate
“Pillar Two has negatively impacted our effective tax rate in 2025 and is likely to continue to impact our effective tax rate in the future.”
Biggest risks named
- Tariffs, trade policy changes and customs enforcement
- Raw material, labor and logistics cost inflation
- Weak economic, housing and pool demand
- Failure to achieve Transformation Program and 80/20 benefits
- Reliance on a largest customer at about 18% of sales
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | 0 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | −1.5 | |
| New risks | −2 | |
| Score | 63 | |
Written by AI (Claude Opus 5.5) from the report’s text. 15 of 15 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 27, 2026 | Pro | |||
| 10-K | Feb 24, 2026 | 63 | Improving | 1 minor | |
| 10-K | Feb 25, 2025 | 65 | Improving | None | |
| 10-K | Feb 20, 2024 | 67 | Improving | None | |
| 10-K | Feb 21, 2023 | 51 | Mixed | None | |
| 10-K | Feb 22, 2022 | 71 | Strong improvement | None | |
| 10-K | Feb 16, 2021 | 64 | Improving | None | |
| 10-K | Feb 25, 2020 | 48 | Weakening | None | |
| 10-K | Feb 19, 2019 | 75 | Strong improvement | None | |
| 10-K | Feb 27, 2018 | 62 | Stable | 1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 27, 2026. View filings on SEC EDGAR