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Pentair cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$152M in Q3 2026 · $647M over twelve months

Operating cash flow$169M
Capital spending−$16.8M
Free cash flow+$152M
Cash / net income1.2×

Analysis

In Q3 2026, Pentair generated $169M of operating cash flow and spent $16.8M on capital projects, leaving free cash flow of $152M. That is $26.4M less than in Q3 2025 ($179M).

Over the twelve months to Sep 30, 2026, operating cash flow was $724M; the largest uses were other financing ($514M), dividends ($172M), capital spending ($77.9M); besides operations, cash came from asset & business sales ($2.7M), acquisitions ($100K); the cash balance fell by $54.4M.

Operating cash flow was $169M against net income of $145M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$30.4M, payables −$27.0M, receivables −$17.8M.

Free cash flow

Pentair: free cash flow by quarterPentair: free cash flow by quarter$63.8MQ4 2024−$55.7MQ1 2025$596MQ2 2025$179MQ3 2025$27.1MQ4 2025−$85.9MQ1 2026$553MQ2 2026$152MQ3 2026
Operating cash flow less capital spending.
Pentair: operating cash flow against capital spendingPentair: operating cash flow against capital spendingOperating cash flowCapital spending$86.5M$22.7MQ4 2024−$38.9M$16.8MQ1 2025$607M$10.9MQ2 2025$196M$17.4MQ3 2025$50.8M$23.7MQ4 2025−$67.4M$18.5MQ1 2026$572M$18.9MQ2 2026$169M$16.8MQ3 2026
Latest (Q3 2026): Operating cash flow $169M, Capital spending $16.8M.

Capital allocation, year by year

Pentair: where the cash came from (up) and went (down), by fiscal yearPentair: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $613MFY2021: Net borrowing $55.6MFY2021: Shares issued $29.3MFY2021: Asset sales $5.3MFY2021: Capital spending −$60.2MFY2021: Acquisitions −$338MFY2021: Buybacks −$150MFY2021: Dividends −$133M$703MFY2021FY2022: Operating cash flow $363MFY2022: Net borrowing $1.4BFY2022: Shares issued $2.5MFY2022: Asset sales $4.1MFY2022: Capital spending −$85.2MFY2022: Acquisitions −$1.6BFY2022: Buybacks −$50.0MFY2022: Dividends −$139M$1.8BFY2022FY2023: Operating cash flow $619MFY2023: Net borrowing −$332MFY2023: Shares issued $16.0MFY2023: Asset sales $5.6MFY2023: Capital spending −$76.0MFY2023: Acquisitions −$600KFY2023: Dividends −$145M$641MFY2023FY2024: Operating cash flow $767MFY2024: Net borrowing −$362MFY2024: Shares issued $28.5MFY2024: Asset sales $600KFY2024: Capital spending −$74.4MFY2024: Acquisitions −$108MFY2024: Buybacks −$150MFY2024: Dividends −$152M$796MFY2024FY2025: Operating cash flow $815MFY2025: Net borrowing −$10.4MFY2025: Shares issued $14.1MFY2025: Asset sales $2.4MFY2025: Capital spending −$68.8MFY2025: Acquisitions −$292MFY2025: Buybacks −$225MFY2025: Dividends −$164M$831MFY2025
Over these 5 years operating cash flow totalled $3.2B; the largest uses were acquisitions ($2.3B) and dividends ($733M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$74.0M
Debt$1.5B
Net debt$1.4B

Pentair funds itself: free cash flow was $647M over the last twelve months, and $74.0M of cash and investments stands against $1.5B of debt.

Pentair: debt maturities by year (FY2025)Pentair: debt maturities by year (FY2025)$575MYear 2$400MYear 4$278MYear 5$400MAfter year 5
Principal due in each year as disclosed in the annual report, against $74.0M of cash and investments now.

Where the cash came from and went

Pentair: sources (+) and uses (−) of cash, Q3 2026Pentair: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$169MNet borrowing (+) / repaid (−)−$119MDividends−$43.3MCash drawn (+) / kept (−)$17.8MCapital spending−$16.8MOther financing−$8.0MExchange rates$1.9MBuybacks−$1.8MAsset & business sales$200K
Pentair: sources (+) and uses (−) of cash, TTM to Q3 2026Pentair: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$724MOther financing−$514MDividends−$172MCapital spending−$77.9MCash drawn (+) / kept (−)$54.4MOther investing−$30.4MNot reconciled$12.8MAsset & business sales$2.7MAcquisitions$100K

From profit to cash

Pentair: net income to operating cash flow, Q3 2026Pentair: net income to operating cash flow, Q3 2026Net income$145MDepreciation & amortization$30.4MStock-based pay$4.1MDeferred taxes$4.2MReceivables−$17.8MInventory$11.8MPayables−$27.0MPrepaid and other assets$14.2MOther liabilities−$13.5MOperating cash flow$169M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$169M−$16.8M—−$1.8M−$43.3M−$119M$17.8M$152M
Q2 2026$572M−$18.9M—−$148M−$43.4M−$263M−$24.1M$553M
Q1 2026−$67.4M−$18.5M—−$200M−$44.1M$305M$33.9M−$85.9M
Q4 2025$50.8M−$23.7M$100K—−$41.0M—$26.8M$27.1M
Q3 2025$196M−$17.4M—−$50.0M−$40.9M$181M$14.6M$179M
Q2 2025$607M−$10.9M—−$75.0M−$41.2M−$436M−$2.4M$596M
Q1 2025−$38.9M−$16.8M—−$50.0M−$41.2M$178M−$21.9M−$55.7M
Q4 2024$86.5M−$22.7M−$108M—−$38.0M$9.5M$99.4M$63.8M

Pentair: income statement and cash flow

Pentair, Q3 2026: revenue $976M (-4% year over year), operating margin 20.1%. The chart follows the revenue to costs, profit and cash.

Pentair: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.