Pentair plc stock research
FY2025 Q3
Pentair (PNR) Gross Margin — Quarter Ended Sep 30, 2025
Revenue for the quarter was lower than the prior quarter but higher than the same quarter last year. Gross profit followed a similar pattern, while cost of revenue decreased from the prior quarter and increased slightly from a year ago, resulting in an improved gross margin compared to both periods.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue for the quarter was lower than the prior quarter but higher than the same quarter last year. Gross profit followed a similar pattern, while cost of revenue decreased from the prior quarter and increased slightly from a year ago, resulting in an improved gross margin compared to both periods.
- The strongest observable margin driver is the change in cost of revenue relative to revenue. The cost of revenue decreased more than revenue from the prior quarter and increased less than revenue from the year-ago quarter, leading to gross margin expansion.
- Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were lower, while gross margin was higher. Compared to the same quarter one year earlier, revenue, gross profit, and cost of revenue were higher, and gross margin was also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
41.0%
Gross profit
$418.6M
Revenue
$1.0B
Cost of revenue
$603.4M
Quarter-over-quarter change
+0.3 pts
Year-over-year change
+1.4 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Dec 31, 2024 | $972.9M | $377.6M | $595.3M | 38.8% |
| Mar 31, 2025 | $1.0B | $403.3M | $607.1M | 39.9% |
| Jun 30, 2025 | $1.1B | $456.6M | $666.5M | 40.7% |
| Sep 30, 2025 | $1.0B | $418.6M | $603.4M | 41.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+0.3 pts
Year-over-year change
Sep 30, 2024
+1.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the change in cost of revenue relative to revenue. The cost of revenue decreased more than revenue from the prior quarter and increased less than revenue from the year-ago quarter, leading to gross margin expansion.
Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were lower, while gross margin was higher. Compared to the same quarter one year earlier, revenue, gross profit, and cost of revenue were higher, and gross margin was also higher.
Monitor the evolution of cost of revenue relative to revenue, as the current quarter's margin improvement was driven by this relationship. Additionally, the filing notes seasonal demand patterns that may affect future costs.