PENTAIR plc

Listed Company

PNRCIK 0000077360NYSELarge AcceleratedSpecial Industry Machinery (No Metalworking Machinery)L2FY ends Dec 31

Period

FY 2025

Revenue

$4.18B

Net Income

$653.80M

Total Assets

$6.87B

Equity

$3.87B

Shares Out

161.61M

Op. Cash Flow

$814.80M

Business

PENTAIR plc provides smart, sustainable water solutions that design, manufacture and distribute products and systems to move, improve and enable enjoyment of water across residential, commercial and industrial markets. The company offers pumps and fluid handling systems, advanced membrane and filtration solutions, water treatment and softening systems, commercial ice machines, pool equipment and accessories, plus installation and preventative services. Pentair operates through three reportable segments: Flow, Water Solutions and Pool. It sells globally through wholesale and retail distributors, original equipment manufacturers, commercial operators and direct end users.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	4,176	4,083	4,105	4,122	3,765
Cost of goods sold	2,486	2,484	2,585	2,757	2,446
Gross profit	1,690	1,599	1,519	1,365	1,319
Selling, general and administrative	737	701	680	677	596
Research and development	96	94	100	92	86
Operating income	858	804	739	595	637
Loss on sale of business	26	0	0	−200,000	−1
Net interest expense	69	89	118	62	13
Other expense (income)	5	−4	2	−17	−1
Income from continuing operations before income taxes	757	719	619	551	627
Provision (benefit) for income taxes	107	93	−4	67	71
Net income from continuing operations	650	626	623	483	556
Income (loss) from discontinued operations, net of tax	4	−200,000	−200,000	−2	−3
Net income	654	625	623	481	553
Net income	654	625	623	481	553
Changes in cumulative translation adjustment	93	−66	24	−56	−47
Changes in market value of derivative financial instruments, net of tax	−85	34	−29	31	40
Comprehensive income	662	593	617	456	546
Continuing operations (USD per share)	3.96	3.78	3.77	2.93	3.36
Discontinued operations (USD per share)	0.03	0	0	−0.01	−0.02
Basic earnings per ordinary share (USD per share)	3.99	3.78	3.77	2.92	3.34
Continuing operations (USD per share)	3.93	3.74	3.75	2.92	3.32
Discontinued operations (USD per share)	0.03	0	0	−0.02	−0.02
Diluted earnings per ordinary share (USD per share)	3.96	3.74	3.75	2.9	3.3
Basic (shares)	164	166	165	165	166
Diluted (shares)	166	167	166	166	168

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	102	119	170	109	95
Accounts receivable, net of allowances of $6.8 and $9.1, respectively	673	565	562	532	534
Inventories	633	611	678	790	563
Other current assets	134	141	159	128	112
Total current assets	1,542	1,436	1,569	1,559	1,304
Property, plant and equipment, net	377	359	362	345	310
Goodwill	3,538	3,287	3,275	3,253	2,505
Intangibles, net	1,073	1,034	1,042	1,095	428
Other non-current assets	339	331	315	197	207
Total other assets	4,950	4,652	4,632	4,545	3,140
Total assets	6,869	6,447	6,563	6,448	4,754
Current maturities of short-term borrowings	0	9	0	—	—
Accounts payable	302	273	279	355	386
Employee compensation and benefits	120	116	125	106	140
Other current liabilities	538	497	545	602	526
Total current liabilities	959	895	950	1,063	1,052
Long-term debt	1,639	1,639	1,988	2,317	894
Pension and other post-retirement compensation and benefits	59	62	74	71	93
Deferred tax liabilities	48	44	40	43	90
Other non-current liabilities	295	244	295	245	203
Total liabilities	3,000	2,884	3,346	3,739	2,332
Ordinary shares $0.01 par value, 426.0 authorized, 163.2 and 164.8 issued at December 31, 2025 and 2024, respectively	2	2	2	2	2
Additional paid-in capital	1,313	1,502	1,594	1,555	1,583
Retained earnings	2,823	2,336	1,866	1,391	1,051
Accumulated other comprehensive loss	−268	−277	−244	−239	−214
Total equity	3,869	3,563	3,217	2,708	2,422
Total liabilities and equity	6,869	6,447	6,563	6,448	4,754

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Equity income of unconsolidated subsidiaries	−1	−2	−3	−2	−300,000
Depreciation	60	60	60	54	51
Amortization	58	54	55	53	26
Deferred income taxes	−4	−11	−93	−45	−9
Share-based compensation	37	40	29	25	30
Asset impairment and write-offs	49	18	8	26	0
Pension and other post-retirement expense	7	100,000	12	−12	3
Pension and other post-retirement contributions	−11	−12	−9	−9	−9
Gain on sale of assets	0	0	−3	−2	700,000
Accounts receivable	−93	−11	−24	30	−142
Inventories	−37	54	110	−187	−121
Other current assets	−700,000	14	−29	−17	−12
Accounts payable	21	−4	−75	−57	114
Employee compensation and benefits	−4	−5	17	−35	25
Other current liabilities	26	−49	−60	46	116
Other non-current assets and liabilities	32	−5	3	4	−12
Net cash provided by operating activities of continuing operations	815	767	621	364	614
Net cash used for operating activities of discontinued operations	0	−200,000	−2	−1	−400,000
Net cash provided by operating activities	815	767	619	363	613
Capital expenditures	−69	−74	−76	−85	−60
Purchase of investments	−18	0	0	—	—
Proceeds from sale of property and equipment	2	600,000	6	4	4
Payments upon the settlement of net investment hedges	−29	−6	−19	79	0
Acquisitions, net of cash acquired	−292	−108	−600,000	−1,581	−339
Other	900,000	0	4	300,000	3
Net cash used for investing activities	−405	−188	−85	−1,583	−391
Net (repayments) receipts of short-term borrowings	−9	9	0	0	—
Net borrowings (repayments) of revolving long-term debt	268	10	−320	125	159
Repayments of long-term debt	−269	−363	−13	−88	−104
Debt issuance costs	−2	0	0	−16	−2
Shares issued to employees, net of shares withheld	−600,000	18	10	−3	22
Repurchases of ordinary shares	−225	−150	0	−50	−150
Dividends paid	−164	−152	−145	−139	−133
Payments upon the settlement of cross currency swaps	0	−9	0	12	−15
Net cash used for financing activities	−403	−637	−468	1,233	−222
Effect of exchange rate changes on cash and cash equivalents	−25	6	−4	1	12
Change in cash and cash equivalents	−17	−52	61	14	12
Cash paid for interest, net	80	146	146	57	30
Cash paid for income taxes, net	87	121	120	123	72

Filings

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