Company file · PNR

Pentair

Pool was Pentair's fastest-growing segment in FY2025, up 8.5%

Revenue rose 2.3% to $4.2B in FY2025, from $4.1B in FY2024. Net income rose 4.5% to $654M. Pool was the largest segment, at 37% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Feb 24, 2026) · Latest quarter: 10-Q for the quarter ended Sep 30, 2026 (filed Oct 27, 2026) · Data pulled Nov 11, 2026

Key facts

Pentair (NYSE: PNR) reported revenue of $4.2B for fiscal 2025, the year ended Dec 31, 2025, up 2.3% from fiscal 2024. Net income was $654M, up 4.5%. In its latest 10-Q, for the quarter ended Sep 30, 2026, revenue was $976M, down 4.5% from the same quarter a year earlier, and net income was $145M. The largest piece by segment was Pool, at 37% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 24, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Oct 27, 2026).

Revenue$4.2BFY2025 · +2.3% vs FY2024

Net income$654MFY2025 · +4.5% vs FY2024

Operating cash flow$815MFY2025 · +6.3% vs FY2024

Cash & equivalents$74Mat Sep 30, 2026 · −27.2% vs FY2025 end

Total debt$1.6BFY2025 end · −0.6% vs FY2024

Diluted shares166MFY2025 avg · −1.0% vs FY2024

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2025, filed Feb 24, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)

FY2025FY2026

Source: 10-Q filed Apr 28, 2026 · 10-Q filed Jul 28, 2026 · 10-Q filed Oct 27, 2026

How it makes money

By segment, FY2025

LineAmountSharevs FY2024
Pool$1.6B37%+8.5%
Flow$1.6B37%+2.6%
Water Solutions$1.1B25%−6.1%

Source: 10-K FY2025, XBRL breakdown

By segment in FY2025: Pool (37%), Flow (37%) and Water Solutions (25%), as shares of total revenue. Total revenue was $4.2B.

By segment: three-year mixShare of the total each fiscal year

FY2023

33%39%29%

FY2024

35%37%28%

FY2025

37%37%25%

PoolFlowWater Solutions

Source: 10-K FY2025

By region, FY2025

United States$2.9B70%+3.7%

Developing Countries$508M12%−3.7%

Western Europe$496M12%+0.5%

Other Developed Countries$234M6%+2.4%

Share is of the FY2025 total; the last column is the change from FY2024.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 2026Q3 2025

Company

Revenue

$976M Q3 2026

$1.0B Q3 2025

4.5% decrease

Net income

$145M Q3 2026

$184M Q3 2025

21.3% decrease

Source: Pentair 10-Q for the quarter ended Sep 30, 2026, filed Oct 27, 2026

By segment

Water Solutions

$422M Q3 2026

$416M Q3 2025

1.4% increase

Pool

$292M Q3 2026

$354M Q3 2025

17.7% decrease

Flow

$262M Q3 2026

$251M Q3 2025

4.4% increase

Source: Pentair 10-Q for the quarter ended Sep 30, 2026, filed Oct 27, 2026

Cash & equivalents $74M at Sep 30, 2026, vs $102M at FY2025 end.

The bull case and the bear case

The bull case

Revenue rose 2.3% in FY2025 to $4.2B, from $4.1B a year earlier. 10-K, FY2025
Net income rose 4.5% in FY2025 to $654M, from $625M. 10-K, FY2025
Operating cash flow rose 6.3% in FY2025 to $815M. 10-K, FY2025
Pool revenue grew 8.5% in FY2025 to $1.6B. 10-K, FY2025

The bear case

Revenue in the quarter ended Sep 30, 2026 was $976M, down 4.5% on a year earlier. 10-Q, quarter ended Sep 30, 2026
Net income in the quarter ended Sep 30, 2026 was $145M, down 21.3% on a year earlier. 10-Q, quarter ended Sep 30, 2026
Water Solutions revenue fell 6.1% in FY2025 to $1.1B. 10-K, FY2025
Developing Countries revenue fell 3.7% in FY2025 to $508M. 10-K, FY2025

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Pentair is in the industrial machinery & supplies & components industry, part of the industrials sector. The SEC files it under Special Industry Machinery (No Metalworking Machinery).

Pentair reports 3 segments: Pool, Flow and Water Solutions.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the industrial machinery & supplies & components industry. They are not a summary of Pentair’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

Economic cyclesDemand for equipment and services rises and falls with business investment.
Costs and supplyMaterial, labor and supplier problems can raise costs or delay delivery.
Trade and tariffsTariffs and trade policy affect costs and sales.
Contracts and backlogLarge projects and government contracts can be delayed, cut or repriced.
Regulation and liabilitySafety, environmental and product-liability rules can raise costs.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2023	FY2024	FY2025
Revenue	$4.1B	$4.1B	$4.2B
Net income	$623M	$625M	$654M
Operating cash flow	$619M	$767M	$815M
Cash & equivalents (year end)	$170M	$119M	$102M
Total debt (year end)	$2.0B	$1.6B	$1.6B
Diluted shares	166M	167M	166M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: Short-term and long-term debt combined, at carrying value, as the company totals it.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

Recent filings

Form	Filed	Period
10-Q	Oct 27, 2026	Sep 30, 2026
10-Q	Jul 28, 2026	Jun 30, 2026
10-Q	Apr 28, 2026	Mar 31, 2026
DEF 14A	Mar 20, 2026	May 5, 2026
10-K	Feb 24, 2026	Dec 31, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Pentair

How does Pentair make money?

Pentair's revenue was $4.2B in fiscal 2025. By segment in FY2025: Pool (37%), Flow (37%) and Water Solutions (25%), as shares of total revenue. Total revenue was $4.2B. Source: 10-K for fiscal 2025, filed Feb 24, 2026.

What was Pentair's revenue in fiscal 2025?

$4.2B of revenue for the fiscal year ended Dec 31, 2025, up 2.3% from $4.1B in fiscal 2024. Fiscal 2023 was $4.1B. Source: 10-K for fiscal 2025, filed Feb 24, 2026.

Is Pentair profitable?

Pentair reported net income of $654M for fiscal 2025, up 4.5% from $625M in fiscal 2024. That is a profit under US accounting rules (GAAP). In the quarter ended Sep 30, 2026, net income was $145M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 24, 2026.

What did Pentair report in its latest quarterly filing?

Revenue was $976M in the quarter ended Sep 30, 2026, down 4.5% from $1.0B a year earlier. Net income was $145M, down 21.3% from $184M. Source: 10-Q for the quarter ended Sep 30, 2026, filed Oct 27, 2026.

What are the main risks Pentair faces?

Pentair's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 24, 2026. Risks that are common among companies in the industrial machinery & supplies & components industry include Economic cycles; costs and supply; trade and tariffs; contracts and backlog; regulation and liability. The first: Demand for equipment and services rises and falls with business investment. Source: 10-K, Item 1A Risk Factors.

Where do these Pentair numbers come from?

From Pentair's own SEC filings: the 10-K for fiscal 2025 (filed Feb 24, 2026) and the 10-Q for the quarter ended Sep 30, 2026 (filed Oct 27, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Pentair

Citadel Advisors: 1,367,489 shares, reported value $104.8M at Jun 30, 2026 (+210.2% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Renaissance Technologies: 408,864 shares, reported value $31.3M at Jun 30, 2026 (+24.0% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
Point72 Asset Management: 333,599 shares, reported value $25.6M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
Millennium Management: 187,110 shares, reported value $14.3M at Jun 30, 2026 (−66.3% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Bridgewater Associates: 10,400 shares, reported value $0.8M at Jun 30, 2026 (−76.6% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Two Sigma Investments: 5,237 shares, reported value $0.4M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in PNR: The editor holds no position in Pentair (PNR). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell PNR from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 10, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold PNR, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
PentairPNR	FY2025	$4.2B	+2.3%	$654M
Parker HannifinPH	FY2026	$21.5B	+8.3%	$3.6B
Illinois Tool WorksITW	FY2025	$16.0B	+0.9%	$3.1B
W. W. GraingerGWW	FY2025	$17.9B	+4.5%	$1.7B
Ingersoll RandIR	FY2025	$7.7B	+5.7%	$581M

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

More company files

New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.