Pentair plc

pentair.com

What Do They Do?

Designs and sells pumps, water-treatment systems and pool equipment to residential, commercial and industrial customers.

How Do They Make Money?

Customers mostly pay for goods and services when they ship; longer jobs are billed as work progresses, typically with interim payments and sometimes in advance.

revenue

Segment	Share	How money arrives
Flow Sold outright	37% FY2022: 36%	Sold outright
Water Solutions Sold outright	25% FY2022: 24%	Sold outright
Pool Sold outright	37% FY2022: 40%	Sold outright

Who Are Their Customers?

Pentair sells through wholesale and retail distributors serving residential, agricultural, commercial, food and beverage, and industrial markets; customers also include end users, consumers and original equipment manufacturers.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2023: 15% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 16 cents of every revenue dollar as net income in FY2025 and turned 18 cents into free cash flow.

Operating income, FY2025

21% of revenue

▲ +7% vs FY2024 ($803.8M, 20%)

Net income, FY2025

16% of revenue

▲ +5% vs FY2024 ($625.4M, 15%)

Free cash flow, FY2025

18% of revenue

▲ +8% vs FY2024 ($692.3M, 17%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Sep 30, 2026

Revenue: ▼ −4%; vs $1B in Q3 FY2025
Net income: ▼ −21%; vs $184.3M in Q3 FY2025

Pool share of revenue vs 34.7% in Q3 FY2025

Jul 28, 2026 Pentair updated its full-year GAAP earnings guidance It set earnings-per-share guidance at approximately $3.86 to $4.06 and reaffirmed adjusted guidance at approximately $4.60 to $4.80.
Jul 14, 2026 The CFO resigned; Pentair appointed an interim replacement Nicholas Brazis resigned, and Robert Fishman became interim CFO.

Growing. Revenue grew 11% in 4 years, from $3.8B in FY2021 to $4.2B in FY2025, about 3% a year.

Residential flow moves segments Residential and irrigation flow moved from Industrial & Flow Technologies into Water Solutions, which now also serves agricultural markets.

Revenue over time

Flow Water Solutions Pool Corporate Segment

$5B$2.5B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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