Pentair PLC (PNR)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 622,700 | 509,700 | 493,000 | 493,000 | 480,900 | 534,600 | 562,800 | 542,000 | 553,000 | 507,300 | 474,500 | 414,500 | 358,600 | 353,400 | 334,900 | 377,100 | 355,700 | 350,800 | 368,600 | 295,800 |
| 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 |
| Net profit margin | 15.62% | 12.55% | 12.00% | 12.05% | 11.84% | 13.05% | 14.03% | 13.94% | 14.73% | 14.20% | 13.95% | 13.06% | 11.88% | 11.87% | 11.58% | 12.66% | 12.03% | 11.92% | 12.54% | 10.13% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $622,700K ÷ $3,987,100K
= 15.62%
Net profit margin is a key financial ratio that indicates the percentage of revenue that translates into profit after all expenses have been deducted. For Pentair plc, the net profit margin has shown some fluctuations over the eight quarters presented.
The trend in Pentair plc's net profit margin over the last two years has been somewhat volatile, ranging from a low of 11.67% in Q4 2022 to a high of 15.17% in Q4 2023. The company's net profit margins in Q3 and Q2 of 2023 were 12.36% and 11.83%, respectively, showing a slight decrease compared to the previous quarter. The net profit margin then increased slightly to 11.88% in Q1 2023.
Comparing the most recent quarter, Q4 2023, to the same quarter in the previous year, Q4 2022, there has been an improvement in the net profit margin from 11.67% to 15.17%. This indicates that Pentair plc was able to generate more profit for every dollar of revenue in Q4 2023 compared to Q4 2022.
Overall, while there have been fluctuations in Pentair plc's net profit margin over the past eight quarters, the company has generally maintained healthy profitability levels, with the most recent quarter showing a significant improvement. It will be important to monitor future performance to assess the company's ability to sustain or improve its profitability in the long term.
Peer comparison
Dec 31, 2023