Pentair reports results on Tuesday 27 October, before the market opens. Revenue over the twelve months to Q2 2026 was $4.0 billion, which fell 2.1% on the year before.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | $1.24 | $1.18 |
| Dec '25 | $1.18 | $1.16 |
| Mar '26 | $1.22 | $1.17 |
| Jun '26 | $1.14 | $1.15 |
What analysts expect
For the quarter, the analysts’ average EPS estimate is $1.07, in a range from $1.05 to $1.10. The average revenue estimate for the quarter is $963.7 million. Alongside that, the analysts’ average estimate for full-year EPS is $4.64, which would be down 5.7% on last year (based on 15 analysts). That estimate has fallen 0.9% over the past 90 days. Of the analysts’ recommendations, 9 are positive, 6 neutral and 2 negative.
Company guidance
In its latest earnings release, management set 2026 EPS on an adjusted basis guidance at $4.60 to $4.80. In its latest earnings release, management set 2026 GAAP EPS from continuing operations guidance at $3.86 to $4.06. At the same time, in its latest earnings release, management set third quarter 2026 GAAP EPS from continuing operations guidance at $0.97 to $1.00. In its latest earnings release, management set third quarter 2026 adjusted EPS guidance at $1.05 to $1.08.
Earnings surprise model
The model estimates EPS could land above the analysts’ average estimate by 1.6%. Its estimated chance of an EPS beat is 62.5%, based on the last 4 quarters. The model shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency; this small sample is a reference estimate, not company guidance.
Track record against estimates
The company reported EPS above the analysts’ average estimate in 3 of the last 4 quarters. Last quarter, EPS of $1.14 compared with an estimate of $1.15, below it by 0.6%.
The trends going in
The trailing gross margin was 41.3%. The trailing operating margin was 20.3%, up 0.9 percentage points from a year earlier. The trailing net margin was 16.2%. Net income over the twelve months was $651.4 million, which rose 6.9% on the year before.
The cash picture
Operating cash flow over the twelve months was $751.5 million, down 16.8% on the year before. Capital spending was $78.5 million, or 2.0% of revenue. Free cash flow, operating cash flow less capital spending, was $673.0 million, down 19.6% on the year before. Free cash flow was 16.8% of revenue (the free-cash-flow margin), down 3.6 percentage points from a year earlier. The average diluted share count fell 1.6% over the year.
Against its own history
Set against the company’s own record: today’s free-cash-flow margin of 16.8% is higher than 70% of the company’s own past quarterly readings, which have ranged from −1.2% to 20.9%. Today’s operating margin of 20.3% is higher than 95% of past readings (−1.2% to 20.6%). Today’s twelve-month revenue growth rate of −2.1% is higher than 23% of past readings (−41.8% to 100.8%).
Questions this report will answer
Whether the slowdown in revenue growth continues. Whether results land above or below the analysts’ expectations set out above. Alongside that, whether margins hold at the trailing levels above. The next filing will show whether the trends above continue, slow or reverse.
What it means for our valuation
These trends feed directly into what the shares are worth in our model. In our model, growth 5 percentage points lower would lower the value by 29.3%, and 5 percentage points higher would raise it by 38.5%. A free-cash-flow margin 1 percentage point lower would lower it by 6.9%.
