Donaldson vs Pentair
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The short version
- Pentair is the larger business, with $4.2B of revenue in fiscal 2025 against $3.9B for Donaldson.
- Donaldson grew revenue faster (5.3%, against 2.3%).
- Pentair kept more of each dollar of sales as operating profit (20.5% operating margin, against 15.4%).
- Pentair turned more of its sales into free cash flow (17.9% FCF margin, against 11.0%).
- Donaldson earned a higher return on the capital invested in it (19.4%, against 14.0%).
| Latest fiscal year | DCI · FY26 | PNR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $10.0B | $9.1B |
| Revenue | $3.9B | $4.2B |
| Free cash flow | $426M | $746M |
| Net income | $454M | $654M |
| Growth | ||
| Revenue growth | 5.3% | 2.3% |
| 5-year growth | 6.4% | 6.7% |
| Share count change | −2.1% | −1.0% |
| Profitability | ||
| Gross margin | 34.6% | 40.5% |
| Operating margin | 15.4% | 20.5% |
| Net margin | 11.7% | 15.7% |
| FCF margin | 11.0% | 17.9% |
| Return on capital | 19.4% | 14.0% |
| Return on equity | 28.2% | 17.6% |
| Balance sheet | ||
| Net debt | $1.1B | $1.5B |
| Net debt / EBITDA | 1.5x | 1.6x |
| Dividends and buybacks | $252M | $389M |
| Valuation & quality | ||
| P/E | — | 13.5x |
| Piotroski F-score | 7 | 9 |
Revenue
FY17
DCI $2.4B
PNR $2.8B
FY18
DCI $2.7B
PNR $3.0B
FY19
DCI $2.8B
PNR $3.0B
FY20
DCI $2.6B
PNR $3.0B
FY21
DCI $2.9B
PNR $3.8B
FY22
DCI $3.3B
PNR $4.1B
FY23
DCI $3.4B
PNR $4.1B
FY24
DCI $3.6B
PNR $4.1B
FY25
DCI $3.7B
PNR $4.2B
FY26
DCI $3.9B
PNR —
DCI
PNR
Operating margin
FY17
DCI 13.6%
PNR 13.3%
FY18
DCI 13.8%
PNR 14.7%
FY19
DCI 13.7%
PNR 14.6%
FY20
DCI 13.2%
PNR 15.3%
FY21
DCI 13.5%
PNR 16.9%
FY22
DCI 13.4%
PNR 14.4%
FY23
DCI 14.0%
PNR 18.0%
FY24
DCI 15.2%
PNR 19.7%
FY25
DCI 13.4%
PNR 20.5%
FY26
DCI 15.4%
PNR —
DCI
PNR
Free cash flow
FY17
DCI $252M
PNR $581M
FY18
DCI $165M
PNR $391M
FY19
DCI $195M
PNR $295M
FY20
DCI $263M
PNR $511M
FY21
DCI $343M
PNR $553M
FY22
DCI $167M
PNR $278M
FY23
DCI $426M
PNR $543M
FY24
DCI $407M
PNR $692M
FY25
DCI $340M
PNR $746M
FY26
DCI $426M
PNR —
DCI
PNR
Return on capital
FY17
DCI 20.8%
PNR —
FY18
DCI 16.0%
PNR 8.2%
FY19
DCI 21.7%
PNR 13.6%
FY20
DCI 19.1%
PNR 13.0%
FY21
DCI 20.6%
PNR 18.6%
FY22
DCI 22.3%
PNR 12.8%
FY23
DCI 21.7%
PNR 14.9%
FY24
DCI 23.5%
PNR 13.8%
FY25
DCI 19.8%
PNR 14.0%
FY26
DCI 19.4%
PNR —
DCI
PNR
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.