Pentair plc stock research
FY2025 Q4
Pentair (PNR) Gross Margin — Quarter Ended Dec 31, 2025
For the fourth quarter, revenue was essentially unchanged from the prior quarter, while gross profit decreased and cost of revenue increased, resulting in a lower gross margin. Compared to the same quarter last year, revenue and gross profit both increased, with gross profit rising at a faster pace, leading to an improved gross margin.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
For the fourth quarter, revenue was essentially unchanged from the prior quarter, while gross profit decreased and cost of revenue increased, resulting in a lower gross margin. Compared to the same quarter last year, revenue and gross profit both increased, with gross profit rising at a faster pace, leading to an improved gross margin.
- The strongest observable driver is the year-over-year improvement in gross margin, supported by gross profit growth exceeding revenue growth.
- Sequentially, revenue was stable, but gross profit weakened and cost of revenue strengthened, causing gross margin to decline. Year-over-year, all three metrics were higher, with gross margin improving as gross profit outpaced revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
40.4%
Gross profit
$411.8M
Revenue
$1.0B
Cost of revenue
$608.7M
Quarter-over-quarter change
-0.6 pts
Year-over-year change
+1.5 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 |
|---|---|---|---|---|
| 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% |
| Dec 31, 2025 | $1.0B | $411.8M | $608.7M | 40.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
-0.6 pts
Year-over-year change
Dec 31, 2024
+1.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver is the year-over-year improvement in gross margin, supported by gross profit growth exceeding revenue growth.
Sequentially, revenue was stable, but gross profit weakened and cost of revenue strengthened, causing gross margin to decline. Year-over-year, all three metrics were higher, with gross margin improving as gross profit outpaced revenue.
Monitor the sequential increase in cost of revenue relative to revenue, as it pressured gross margin in the current quarter.