Pentair plc (PNR) financial statements: income statement, balance sheet and cash flow
Pentair plc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Pentair plc reported revenue of $4.2B (+2.3% year on year) and net income of $653.8M (+4.5% year on year).
Income statement
Pentair plc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$4.2B
$4.1B
$4.1B
$4.1B
Cost of goods sold
$2.5B
$2.5B
$2.6B
$2.8B
Gross profit
$1.7B
$1.6B
$1.5B
$1.4B
Selling, general and administrative
$736.9M
$701.4M
$680.2M
$677.1M
Research and development
$95.9M
$93.6M
$99.8M
$92.2M
Operating income
$857.5M
$803.8M
$739.2M
$595.3M
Loss on sale of business
$26.3M
—
$0
($200.0K)
Net interest expense
$69.4M
$88.6M
$118.3M
$61.8M
Other expense (income)
$5.3M
—
$2.0M
—
Income from continuing operations before income taxes
$756.5M
$718.9M
$618.9M
$550.6M
Provision (benefit) for income taxes
$107.0M
$93.3M
($4.0M)
$67.4M
Net income from continuing operations
$649.5M
$625.6M
$622.9M
$483.2M
Income (loss) from discontinued operations, net of tax
$4.3M
($200.0K)
($200.0K)
($2.3M)
Net income
$653.8M
$625.4M
$622.7M
$480.9M
Changes in cumulative translation adjustment
$93.3M
($65.8M)
$24.0M
($56.4M)
Changes in market value of derivative financial instruments, net of tax
($84.9M)
$33.6M
($29.4M)
$31.3M
Comprehensive income
$662.2M
$593.2M
$617.3M
$455.8M
Continuing operations (USD per share)
$3.96
$3.78
$3.77
$2.93
Basic earnings per ordinary share (USD per share)
$3.99
$3.78
$3.77
$2.92
Continuing operations (USD per share)
$3.93
$3.74
$3.75
$2.92
Discontinued operations (USD per share)
$0.03
$0.00
$0.00
-$0.01
Diluted earnings per ordinary share (USD per share)
$3.96
$3.74
$3.75
$2.90
Basic (shares)
164.1M
165.6M
165.1M
164.8M
Diluted (shares)
165.5M
167.1M
166.3M
165.6M
Pentair plc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$932.6M
$1.0B
$1.0B
$1.1B
Cost of goods sold
$537.6M
$603.3M
$603.4M
$666.5M
Gross profit
$395.0M
$433.4M
$418.6M
$456.6M
Selling, general and administrative
$204.8M
$198.9M
$162.2M
$213.8M
Research and development
$23.7M
$24.5M
$24.7M
$25.1M
Operating income
$166.5M
$210.0M
$231.7M
$217.7M
Loss on sale of business
$0
—
$0
$26.3M
Net interest expense
$19.4M
$20.1M
$14.4M
$17.9M
Other expense
$200.0K
$500.0K
$600.0K
$1.0M
Income from continuing operations before income taxes
$146.9M
$189.4M
$216.7M
$172.5M
Provision for income taxes
$18.3M
$28.6M
$32.4M
$24.0M
Net income from continuing operations
$128.6M
$160.8M
$184.3M
$148.5M
Income from discontinued operations, net of tax
$0
$11.6M
$0
$0
Net income
$128.6M
$172.4M
$184.3M
$148.5M
Changes in cumulative translation adjustment
$0
($12.0M)
($3.7M)
$60.1M
Changes in market value of derivative financial instruments, net of tax
($1.4M)
$18.6M
$6.1M
($60.6M)
Comprehensive income
$127.2M
$179.0M
$186.7M
$148.0M
Basic earnings per ordinary share (in dollars per share)
$0.80
$1.06
$1.13
$0.90
Continuing operations (in dollars per share)
$0.80
$0.99
$1.13
$0.90
Discontinued operations (in dollars per share)
$0.00
$0.07
$0.00
$0.00
Diluted earnings per ordinary share (in dollars per share)
$0.80
$1.05
$1.12
$0.90
Basic (shares)
160.8M
162.5M
163.8M
164.5M
Diluted (shares)
161.6M
163.7M
165.1M
165.7M
Balance sheet
Pentair plc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$101.6M
$118.7M
$170.3M
$108.9M
Accounts receivable, net of allowances of $6.8 and $9.1, respectively
$673.2M
$565.2M
$561.7M
$531.5M
Inventories
$632.6M
$610.9M
$677.7M
$790.0M
Other current assets
$134.4M
$141.3M
$159.3M
$128.1M
Total current assets
$1.5B
$1.4B
$1.6B
$1.6B
Property, plant and equipment, net
$376.8M
$358.8M
$362.0M
$344.5M
Goodwill
$3.5B
$3.3B
$3.3B
$3.3B
Intangibles, net
$1.1B
$1.0B
$1.0B
$1.1B
Other non-current assets
$338.8M
$331.2M
$315.3M
$197.3M
Total other assets
$5.0B
$4.7B
$4.6B
$4.5B
Total assets
$6.9B
$6.4B
$6.6B
$6.4B
Current maturities of short-term borrowings
$0
$9.3M
—
—
Accounts payable
$301.5M
$272.8M
$278.9M
$355.0M
Employee compensation and benefits
$120.1M
$116.2M
$125.4M
$106.0M
Other current liabilities
$537.7M
$496.8M
$545.3M
$602.1M
Total current liabilities
$959.3M
$895.1M
$949.6M
$1.1B
Long-term debt
$1.6B
$1.6B
$2.0B
$2.3B
Pension and other post-retirement compensation and benefits
$58.8M
$61.6M
$73.6M
$70.8M
Deferred tax liabilities
$47.5M
$44.4M
$40.0M
$43.3M
Other non-current liabilities
$295.4M
$243.8M
$294.7M
$244.9M
Total liabilities
$3.0B
$2.9B
$3.3B
$3.7B
Ordinary shares $0.01 par value, 426.0 authorized, 163.2 and 164.8 issued at December 31, 2025 and 2024, respectively
1.7M
1.7M
1.7M
1.7M
Additional paid-in capital
$1.3B
$1.5B
$1.6B
$1.6B
Retained earnings
$2.8B
$2.3B
$1.9B
$1.4B
Accumulated other comprehensive loss
($268.2M)
($276.6M)
($244.4M)
($239.0M)
Total equity
$3.9B
$3.6B
$3.2B
$2.7B
Total liabilities and equity
$6.9B
$6.4B
$6.6B
$6.4B
Pentair plc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$91.8M
$67.7M
$128.4M
$143.0M
Accounts receivable, net of allowances of $5.4 and $6.8, respectively
$482.7M
$913.7M
$521.6M
$539.2M
Inventories
$666.1M
$642.0M
$639.7M
$602.5M
Other current assets
$156.2M
$139.6M
$155.4M
$147.6M
Total current assets
$1.4B
$1.8B
$1.4B
$1.4B
Property, plant and equipment, net
$380.9M
$377.1M
$367.1M
$363.8M
Goodwill
$3.5B
$3.5B
$3.5B
$3.4B
Intangibles, net
$1.0B
$1.1B
$1.1B
$983.9M
Other non-current assets
$375.6M
$351.1M
$330.6M
$335.2M
Total other assets
$4.9B
$4.9B
$4.9B
$4.7B
Total assets
$6.7B
$7.1B
$6.8B
$6.5B
Accounts payable
$316.6M
$332.5M
$308.8M
$313.8M
Employee compensation and benefits
$96.3M
$94.5M
$111.9M
$102.5M
Other current liabilities
$549.8M
$512.5M
$567.5M
$573.7M
Total current liabilities
$962.7M
$939.5M
$988.2M
$990.1M
Long-term debt
$1.6B
$1.9B
$1.6B
$1.4B
Pension and other post-retirement compensation and benefits
$57.4M
$58.2M
$56.5M
$59.8M
Deferred tax liabilities
$44.3M
$45.7M
$41.3M
$48.2M
Other non-current liabilities
$292.5M
$274.2M
$311.1M
$311.1M
Total liabilities
$3.0B
$3.3B
$3.0B
$2.8B
Ordinary shares $0.01 par value, 426.0 authorized, 159.6 and 163.2 issued at June 30, 2026 and December 31, 2025, respectively
1.6M
1.7M
1.7M
1.7M
Additional paid-in capital
$973.8M
$1.1B
$1.4B
$1.4B
Retained earnings
$3.0B
$3.0B
$2.7B
$2.6B
Accumulated other comprehensive loss
($263.0M)
($261.6M)
($271.7M)
($274.1M)
Total equity
$3.7B
$3.8B
$3.8B
$3.7B
Total liabilities and equity
$6.7B
$7.1B
$6.8B
$6.5B
Cash flow statement
Pentair plc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$653.8M
$625.4M
$622.7M
$480.9M
(Income) loss from discontinued operations, net of tax
($4.3M)
$200.0K
$200.0K
$2.3M
Equity income of unconsolidated subsidiaries
($1.0M)
($1.9M)
($2.8M)
($1.8M)
Depreciation
$59.6M
$60.3M
$59.5M
$54.1M
Amortization
$58.1M
$54.3M
$55.3M
$52.5M
Deferred income taxes
($4.3M)
($11.4M)
($92.5M)
($44.8M)
Loss on sale of business
$26.3M
—
$0
($200.0K)
Share-based compensation
$37.0M
$39.7M
$29.1M
$24.9M
Asset impairment and write-offs
$49.1M
$17.6M
$7.9M
$25.6M
Pension and other post-retirement expense
$6.9M
$100.0K
$12.1M
($12.2M)
Pension and other post-retirement contributions
($10.6M)
($12.0M)
($8.7M)
($8.8M)
Gain on sale of assets
$0
$0
($3.4M)
($2.3M)
Accounts receivable
($93.1M)
($11.2M)
($24.4M)
$30.4M
Inventories
($36.9M)
$53.6M
$109.6M
($187.0M)
Other current assets
($700.0K)
$14.1M
($29.1M)
($16.5M)
Accounts payable
$20.5M
($3.7M)
($75.1M)
($56.9M)
Employee compensation and benefits
($3.7M)
($5.0M)
$17.2M
($35.2M)
Other current liabilities
$26.1M
($48.7M)
($59.5M)
$46.5M
Other non-current assets and liabilities
$32.0M
($4.5M)
$2.7M
$3.8M
Net cash provided by operating activities of continuing operations
$814.8M
$766.9M
$620.8M
$364.3M
Net cash used for operating activities of discontinued operations
$0
($200.0K)
($1.6M)
($1.0M)
Net cash provided by operating activities
$814.8M
$766.7M
$619.2M
$363.3M
Capital expenditures
($68.8M)
($74.4M)
($76.0M)
($85.2M)
Purchase of investments
($18.0M)
—
—
—
Proceeds from sale of property and equipment
$2.4M
$600.0K
$5.6M
$4.1M
Payments upon the settlement of net investment hedges
($28.9M)
($5.8M)
($18.5M)
—
Acquisitions, net of cash acquired
($292.1M)
($108.0M)
($600.0K)
($1.6B)
Other
$900.0K
$0
$4.1M
$300.0K
Net cash used for investing activities
($404.5M)
($187.6M)
($85.4M)
($1.6B)
Net (repayments) receipts of short-term borrowings
($9.3M)
$9.3M
—
—
Net borrowings (repayments) of revolving long-term debt
$268.2M
$9.5M
($320.0M)
$124.5M
Repayments of long-term debt
($269.3M)
($362.5M)
($12.5M)
($88.3M)
Debt issuance costs
($2.2M)
$0
$0
($15.8M)
Shares issued to employees, net of shares withheld
-600.0K
18.4M
9.6M
-2.7M
Repurchases of ordinary shares
-225.0M
-150.0M
0
-50.0M
Dividends paid
($164.3M)
($152.3M)
($145.2M)
($138.6M)
Payments upon the settlement of cross currency swaps
$0
($9.1M)
$0
—
Net cash used for financing activities
($402.5M)
($636.7M)
($468.1M)
$1.2B
Effect of exchange rate changes on cash and cash equivalents
($24.9M)
$6.0M
($4.3M)
$1.2M
Change in cash and cash equivalents
($17.1M)
($51.6M)
$61.4M
$14.4M
Cash and cash equivalents, beginning of year
$118.7M
$170.3M
$108.9M
$94.5M
Cash and cash equivalents, end of year
$101.6M
$118.7M
$170.3M
$108.9M
Cash paid for interest, net
$79.8M
$145.6M
$146.4M
$57.0M
Cash paid for income taxes, net
$86.9M
$121.0M
$120.0M
$122.6M
Pentair plc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$301.0M
$172.4M
$487.7M
$303.4M
Income from discontinued operations, net of tax
($11.6M)
($11.6M)
$0
$0
Equity income of unconsolidated subsidiaries
($1.0M)
($500.0K)
($800.0K)
($400.0K)
Depreciation
$29.4M
$14.6M
$44.7M
$29.4M
Amortization
$31.4M
$15.7M
$42.4M
$28.5M
Deferred income taxes
($2.1M)
$1.8M
$20.8M
$18.5M
Loss on sale of business
$0
—
$26.3M
$26.3M
Share-based compensation
$19.5M
$15.7M
$27.3M
$21.2M
Asset impairment and write-offs
$0
$0
$48.5M
$47.0M
Accounts receivable
$187.0M
($243.0M)
$56.7M
$33.4M
Inventories
($36.7M)
($11.5M)
($45.7M)
($9.9M)
Other current assets
($23.9M)
($6.6M)
($35.8M)
($27.3M)
Accounts payable
$18.3M
$33.5M
$31.2M
$39.4M
Employee compensation and benefits
($22.9M)
($24.5M)
($9.4M)
($18.9M)
Other current liabilities
$16.2M
($23.7M)
$60.8M
$66.6M
Other non-current assets and liabilities
($200.0K)
$300.0K
$9.3M
$10.5M
Net cash provided by operating activities
$504.4M
($67.4M)
$764.0M
$567.7M
Capital expenditures
($37.4M)
($18.5M)
($45.1M)
($27.7M)
Purchase of investments
$0
—
($18.0M)
($18.0M)
Proceeds from sale of property and equipment
$200.0K
$200.0K
$100.0K
$100.0K
Other
($1.5M)
—
$900.0K
$200.0K
Net cash used for investing activities
($38.7M)
($18.3M)
($354.3M)
($45.4M)
Net repayments of short-term borrowings
$0
$0
($9.3M)
($9.2M)
Net borrowings of revolving long-term debt
$42.3M
$304.9M
$210.5M
$9.9M
Proceeds from long-term debt
$500.0M
—
—
—
Repayments of long-term debt
($575.0M)
—
($269.3M)
($250.0M)
Debt issuance costs
($1.2M)
—
($2.2M)
($2.1M)
Payment of contingent consideration
($3.6M)
—
—
—
Shares issued to employees, net of shares withheld
-8.9M
-10.2M
-2.2M
-10.6M
Repurchases of ordinary shares
-348.2M
-200.0M
-175.0M
-125.0M
Dividends paid
($87.5M)
($44.1M)
($123.3M)
($82.4M)
Net cash used for financing activities
($482.1M)
$50.6M
($370.8M)
($469.4M)
Effect of exchange rate changes on cash and cash equivalents