Filing Flows › Pentair (PNR) › Q2 2026 › vs Q2 2025
Pentair (PNR) Q2 2026 vs Q2 2025 (year over year)
Pentair's revenue fell $190M (-17%) from $1.1B in Q2 2025 to $933M in Q2 2026. Gross margin 42.4% against 40.7% (+1.7 pts).
Pentair, Q2 2026: revenue $933M (-17% year over year), operating margin 17.9%, net earnings $129M, operating cash flow $572M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 42.4% | 40.7% | +1.7 pts |
| Operating margin | 17.9% | 19.4% | -1.5 pts |
| Net margin | 13.8% | 13.2% | +0.6 pts |
| Free cash flow margin | 59.3% | 53.0% | +6.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $933M | $1.1B | −$190M | -17% |
| Gross profit | $395M | $457M | −$61.6M | -13% |
| Cost of revenue | $538M | $666M | −$129M | -19% |
| Operating profit | $166M | $218M | −$51.2M | -24% |
| Operating expenses | $228M | $239M | −$10.4M | -4% |
| Pre-tax earnings | $147M | $172M | −$25.6M | -15% |
| Other expense, net | $19.6M | $45.2M | −$25.6M | -57% |
| Research & development | $23.7M | $25.1M | −$1.4M | -6% |
| SG&A | $205M | $214M | −$9.0M | -4% |
| Net earnings | $129M | $148M | −$19.9M | -13% |
| Income tax | $18.3M | $24.0M | −$5.7M | -24% |
| Depreciation & amortization | $30.5M | $28.9M | $1.6M | +6% |
| Share-based compensation | $3.8M | $8.6M | −$4.8M | -56% |
| Working capital & other | $409M | $421M | −$11.7M | -3% |
| Operating cash flow | $572M | $607M | −$34.8M | -6% |
| Free cash flow (OCF − capex) | $553M | $596M | −$42.8M | -7% |
| Capital expenditures | $18.9M | $10.9M | $8.0M | +73% |
Questions
How much did Pentair's revenue grow year over year in Q2 2026?
Pentair's revenue fell $190M (-17%) from $1.1B in Q2 2025 to $933M in Q2 2026. Gross margin 42.4% against 40.7% (+1.7 pts).