Pentair PLC (PNR)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,598,800 | 1,587,300 | 1,565,900 | 1,527,500 | 1,519,200 | 1,477,900 | 1,454,200 | 1,414,200 | 1,364,600 | 1,368,000 | 1,354,700 | 1,336,200 | 1,319,200 | 1,274,500 | 1,217,100 | 1,121,200 | 1,057,600 | 1,048,300 | 1,025,900 | 1,067,500 |
| Revenue (ttm) | US$ in thousands | 3,995,100 | 3,977,100 | 3,992,500 | 3,975,700 | 3,987,100 | 4,062,100 | 4,108,400 | 4,090,100 | 4,061,100 | 4,097,400 | 4,011,500 | 3,888,400 | 3,754,700 | 3,572,200 | 3,401,500 | 3,173,700 | 3,017,800 | 2,977,000 | 2,892,100 | 2,978,300 |
| Gross profit margin | 40.02% | 39.91% | 39.22% | 38.42% | 38.10% | 36.38% | 35.40% | 34.58% | 33.60% | 33.39% | 33.77% | 34.36% | 35.13% | 35.68% | 35.78% | 35.33% | 35.05% | 35.21% | 35.47% | 35.84% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,598,800K ÷ $3,995,100K
= 40.02%
The gross profit margin of Pentair PLC has shown fluctuations over the reported periods. It started at a relatively stable level of around 35% in the first half of 2020, but then experienced a slight decline by the end of the year. In the following year, the gross profit margin improved gradually, reaching a peak of 35.78% in June 2021. However, there was a decline in the margin in the second half of 2021.
During 2022, the gross profit margin continued to show a decreasing trend, dropping to 33.39% by September 2022. The margin then started to recover in the following periods, reaching 38.10% by the end of 2023 and further increasing to 40.02% by December 2024.
Overall, the trend in Pentair's gross profit margin indicates some volatility and fluctuations during the period under review. The company's ability to maintain and improve its gross profit margin is crucial for ensuring profitability and effective cost management.
Peer comparison
Dec 31, 2024