Pentair plc stock research
FY2026 Q1
Pentair (PNR) Gross Margin — Quarter Ended Mar 31, 2026
Gross margin improved compared to both the prior quarter and the same quarter last year, driven by higher gross profit while revenue remained stable. Cost of revenue decreased relative to the prior periods, contributing to the margin improvement.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Gross margin improved compared to both the prior quarter and the same quarter last year, driven by higher gross profit while revenue remained stable. Cost of revenue decreased relative to the prior periods, contributing to the margin improvement.
- The most observable driver of the margin change is the improvement in cost efficiency, as cost of revenue declined while gross profit increased.
- Compared to the prior quarter, gross margin increased as gross profit grew while revenue was unchanged. Versus the same quarter a year ago, gross margin also rose, with gross profit higher against flat revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
41.8%
Gross profit
$433.4M
Revenue
$1.0B
Cost of revenue
$603.3M
Quarter-over-quarter change
+1.5 pts
Year-over-year change
+1.9 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 |
|---|---|---|---|---|
| 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% |
| Mar 31, 2026 | $1.0B | $433.4M | $603.3M | 41.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+1.5 pts
Year-over-year change
Mar 31, 2025
+1.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver of the margin change is the improvement in cost efficiency, as cost of revenue declined while gross profit increased.
Compared to the prior quarter, gross margin increased as gross profit grew while revenue was unchanged. Versus the same quarter a year ago, gross margin also rose, with gross profit higher against flat revenue.
Monitor the trend in cost of revenue to see if the decline persists, as it has been the key factor behind recent margin improvement.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Pentair plc (PNR) | 41.8% |