“Net interest expense The 2.0 percent increase in net interest expense in the first quarter of 2026 from 2025 was primarily driven by: • a reduction of interest income due to lower cash balances in the first quarter of 2026 compared to the first quarter of 202…”10-Q · Apr 28, 2026 ↗
Pentair plc
PNR
Market read
Pentair plc's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 41 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
- Revenue increased 2.6% versus the comparable filing period.
- Operating cash flow covered only -0.39x net income.
- PNR's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if PNR's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 41 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
- Revenue increased 2.6% versus the comparable filing period.
- Operating cash flow covered only -0.39x net income.
- PNR's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 1.25x in the latest annual period.
- Macroeconomic conditions has repeated favorable evidence across 4 filings.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- Input and raw-material costs has repeated adverse evidence across 4 filings.
- Restructuring and cost reductions has repeated adverse evidence across 4 filings.
- Tariffs and trade policy has repeated adverse evidence across 4 filings.
- Labor availability and costs has repeated adverse evidence across 3 filings.
- P/E is 52% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 34% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
56.59Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“This increase was partially offset by: • inflationary cost increases, including higher tariffs and certain raw material costs.”10-Q · Apr 28, 2026 ↗
“Segment income The components of the change in Pool segment income as a percentage of net sales from the prior period were as follows: Three months ended March 31, 2026 over the prior year period Volume/Price/Acquisition/Divestiture 3.3 pts Currency (0.2) Inf…”10-Q · Apr 28, 2026 ↗
“The outflow related to net working capital was partially offset by net income from continuing operations, net of non-cash depreciation, definite-lived intangible amortization, share-based compensation and asset impairment, of $201.7 million.”10-Q · Apr 28, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.2× · EV/sales 2.6×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for PNR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-28 against the comparable filing from 2025-04-22.
What improved
- Revenue increased 2.6% versus the comparable filing period.
What weakened
- Operating cash flow covered only -0.39x net income.
Filing receipts
“Net interest expense The 2.0 percent increase in net interest expense in the first quarter of 2026 from 2025 was primarily driven by: • a reduction of interest income due to lower cash balances in the first quarter of 2026 compared to the first quarter of 2025.”
“Segment income The components of the change in Flow segment income as a percentage of net sales from the prior period were as follows: Three months ended March 31, 2026 over the prior year period Volume/Price/Acquisition/Divestiture 4.7 pts Currency (0.3) Inflation (2.9) Productivity 0.6 Total 2.1 pts The 2.1 percentage point increase in segment income for Flow as a percentage of net sales in the first quarter of 2026 from 2025 was primarily driven by: • increased selling prices to mitigate impacts of inflation; • the income of the Hydra-Stop acquisition; and • increased productivity.”
“Segment income The components of the change in Water Solutions segment income as a percentage of net sales from the prior period were as follows: Three months ended March 31, 2026 over the prior year period Volume/Price/Acquisition/Divestiture 3.6 pts Currency (0.7) Inflation (4.4) Productivity 3.1 Total 1.6 pts The 1.6 percentage point increase in segment income for Water Solutions as a percentage of net sales in the first quarter of 2026 from 2025 was primarily driven by: • increased selling prices to mitigate impacts of inflation; and • increased productivity.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind PNR
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
POOLPool CorporationcustomerFeb 24, 2026 ▾
“Customers Pool customers include businesses engaged in wholesale and retail distribution in the residential and commercial vertical markets.”
POOLPool CorporationinvesteeFeb 24, 2026 ▾
“In December 2024, as part of our Pool reportable segment, we completed the acquisition of G & F Manufacturing, LLC (“G & F Manufacturing”) for $116.0 million in cash, net of cash acquired.”
Depended on by
POOLPool CorporationsupplierFeb 26, 2026 ▾
“Our largest suppliers include Pentair plc, Zodiac Pool Systems, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 10 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
PNR is currently a Follower in the organic co-movement group Homebuilding & Building Products. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.