Pentair PLC (PNR)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 1,051,500 | 1,045,300 | 1,034,100 | 1,030,000 |
| Revenue (ttm) | US$ in thousands | 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 | 2,957,200 | 2,942,500 | 2,940,300 | 2,921,400 |
| Gross profit margin | 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% | 35.56% | 35.52% | 35.17% | 35.26% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,519,200K ÷ $3,987,100K
= 38.10%
Pentair plc's gross profit margin has shown a consistent upward trend over the past eight quarters, indicating an improvement in the company's ability to generate profit from its core operations. In Q4 2023, the gross profit margin reached 37.01%, the highest level among the quarters analyzed. This suggests that Pentair has been effectively managing its production costs and increasing its revenue over time. The steady increase in gross profit margin from Q1 2022 to Q4 2023 reflects a positive trend in the company's profitability and operational efficiency. Overall, Pentair's strengthening gross profit margin indicates a healthy financial performance and effective cost management strategies.
Peer comparison
Dec 31, 2023