PN

Pentair plc stock research

Jun 30, 2025

FY2025 Q2

Pentair (PNR) Gross Margin — Quarter Ended Jun 30, 2025

Revenue was higher than the prior quarter and comparable to the same quarter last year. Gross profit grew, and gross margin improved relative to both comparison periods, while the filing context notes seasonal demand patterns that may influence quarterly comparisons.

Gross margin takeaway

Quarter ended Jun 30, 2025 · FY2025 Q2

Revenue was higher than the prior quarter and comparable to the same quarter last year. Gross profit grew, and gross margin improved relative to both comparison periods, while the filing context notes seasonal demand patterns that may influence quarterly comparisons.

  • Gross margin improved compared to both the immediately preceding quarter and the same quarter one year earlier, as gross profit increased while cost of revenue remained relatively stable year-over-year and increased sequentially.
  • Sequentially, revenue and gross profit both increased, with gross margin rising. Year-over-year, revenue was flat, but gross profit was higher, leading to an improved gross margin.

Gross margin snapshot

The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.

Gross margin

40.7%

Gross profit

$456.6M

Revenue

$1.1B

Cost of revenue

$666.5M

Quarter-over-quarter change

+0.7 pts

Year-over-year change

+0.8 pts

Quarterly gross margin trend

A four-quarter view of the revenue and direct-cost bridge behind gross margin.

PeriodRevenueGross profitCost of revenueGross margin
Sep 30, 2024$993.4M$393.2M$600.2M39.6%
Dec 31, 2024$972.9M$377.6M$595.3M38.8%
Mar 31, 2025$1.0B$403.3M$607.1M39.9%
Jun 30, 2025$1.1B$456.6M$666.5M40.7%

Quarterly comparisons

Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.

Previous-quarter change

Mar 31, 2025

+0.7 pts

Year-over-year change

Jun 30, 2024

+0.8 pts

What the margin says

Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.

Gross margin improved compared to both the immediately preceding quarter and the same quarter one year earlier, as gross profit increased while cost of revenue remained relatively stable year-over-year and increased sequentially.

Sequentially, revenue and gross profit both increased, with gross margin rising. Year-over-year, revenue was flat, but gross profit was higher, leading to an improved gross margin.

Monitor the trend in cost of revenue, as it increased sequentially and was slightly higher year-over-year despite flat revenue, along with the seasonal demand patterns noted in the filing.