Pentair PLC (PNR)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	618,700	584,900	559,700	560,900	548,300	600,000	638,000	613,800	623,800	585,900	545,400	490,100	433,600	420,500	397,500	432,000	401,500	405,200	423,700	349,600
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
Pretax margin		15.52%	14.40%	13.62%	13.71%	13.50%	14.64%	15.90%	15.79%	16.61%	16.40%	16.03%	15.44%	14.37%	14.12%	13.74%	14.50%	13.58%	13.77%	14.41%	11.97%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $618,700K ÷ $3,987,100K
= 15.52%

Pentair plc's pretax margin has exhibited variability over the past eight quarters, ranging from a low of 13.46% in Q2 2023 to a high of 15.89% in Q2 2022. The pretax margin for Q4 2023 stood at 15.08%, representing a slight improvement compared to the previous quarter. Overall, the company has generally maintained a healthy pretax margin above 13%, indicating its ability to generate earnings before accounting for taxes relative to its revenue. It would be beneficial to monitor future trends to assess the company's profitability and efficiency in managing its costs.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Pentair PLC

PNR

15.52%

John Bean Technologies Corporation