Friday 6 November 2026
Export NVT’s income statement to Excel — free account
nVent Electric PLC
NVT Industrials Electrical Equipment & Parts
nVent Electric PLC’s revenue for fiscal 2025 (year ended December 2025) was $3.9 billion, up 29.5% from fiscal 2024.
- Revenue
- +43.7%
- EPS
- +66.7%
- Free cash flow
- +33.1%
- Total debt
- +36.9%
Quarter to September 2026, against a year earlier
98.73
14.09
−12.49%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 2,116 | 2,098 | 2,214 | 2,204 | 1,999 | 2,462 | 2,295 | 2,669 | 3,006 | 3,893 | 5,295 | +7.0% | 5,529 | 7,224 | 8,166 | +28.0% | |
| Gross margin, % | 39.50 | 40.13 | 39.58 | 39.28 | 37.50 | 38.26 | 35.85 | 40.29 | 40.22 | 37.74 | 36.55 | (1.8) pt | ||||||
| EBT | 315 | 313 | 269 | 257 | (9) | 321 | 336 | 375 | 429 | 550 | 875 | +6.4% | ||||||
| EBT margin, % | 14.89 | 14.93 | 12.14 | 11.68 | (0.48) | 13.03 | 14.65 | 14.06 | 14.28 | 14.13 | 16.53 | (0.8) pt | ||||||
| Net income | 259 | 362 | 231 | 223 | (47) | 273 | 400 | 567 | 332 | 710 | 680 | +11.9% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 11.82 | 11.72 | 12.39 | 12.84 | 11.78 | 14.66 | 13.80 | 16.12 | 18.16 | 23.97 | 32.75 | +8.2% | |||||
| Earnings | 1.45 | 2.02 | 1.29 | 1.30 | (0.28) | 1.63 | 2.40 | 3.42 | 2.00 | 4.36 | 4.20 | +13.0% | ||||||
| Cash flow | 2.03 | 2.29 | 1.92 | 1.96 | 2.03 | 2.22 | 2.37 | 3.19 | 3.89 | 2.86 | 4.79 | +3.9% | ||||||
| Capex | (0.38) | (0.15) | (0.21) | (0.19) | (0.22) | (0.23) | (0.23) | (0.40) | (0.44) | (0.54) | (0.78) | +3.9% | ||||||
| Free cash flow | 1.65 | 2.13 | 1.72 | 1.77 | 1.80 | 1.99 | 2.14 | 2.79 | 3.44 | 2.32 | 4.01 | +3.9% | ||||||
| Book value | 0.00 | 21.18 | 15.05 | 15.11 | 14.21 | 14.87 | 16.43 | 18.97 | 19.56 | 22.97 | 25.43 | n/m | ||||||
| Shares, m | 179 | 179 | 179 | 172 | 170 | 168 | 166 | 166 | 166 | 162 | 162 | (1.1%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 12.72 | 12.72 | 17.38 | 19.68 | 0.00 | 23.46 | 15.87 | 16.95 | 34.08 | 23.44 | 23.51 | 17.6 | |||||
| P/S | 2.14 | 2.14 | 1.81 | 1.99 | 1.98 | 2.59 | 2.76 | 3.61 | 3.75 | 4.25 | 3.02 | 2.7 | ||||||
| P/B | 1.25 | 1.25 | 1.49 | 1.69 | 1.64 | 2.56 | 2.32 | 3.06 | 3.48 | 4.44 | 3.88 | 2.3 | ||||||
| EV/Sales | 2.12 | 2.12 | 2.17 | 2.43 | 2.39 | 2.98 | 3.10 | 4.21 | 4.43 | 4.59 | 3.22 | 3.1 | ||||||
| EV/FCF | 13.32 | 13.32 | 15.65 | 17.60 | 15.61 | 21.92 | 19.99 | 24.27 | 23.36 | 47.41 | 26.28 | 21.2 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 364 | 410 | 344 | 336 | 344 | 373 | 395 | 528 | 643 | 465 | 774 | +2.8% | |||||
| Capex | (69) | (28) | (37) | (32) | (38) | (39) | (38) | (65) | (73) | (88) | (126) | +2.8% | ||||||
| Free cash flow | 295 | 382 | 306 | 304 | 306 | 334 | 356 | 463 | 570 | 377 | 648 | +2.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 339 | 342 | 385 | 337 | 314 | 275 | 580 | 603 | 588 | 636 | 1,722 | +7.2% | |||||
| Net debt | (22) | (27) | 783 | 958 | 826 | 950 | 786 | 1,601 | 2,024 | 1,322 | 1,060 | n/m | ||||||
| Shareholders’ equity | — | 3,791 | 2,687 | 2,593 | 2,410 | 2,496 | 2,732 | 3,142 | 3,238 | 3,730 | 4,113 | (0.2%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 10.97 | 15.31 | 4.98 | 4.84 | (1.05) | 6.04 | 8.35 | 10.25 | 5.15 | 10.45 | 9.14 | (0.5) pt | |||||
| ROIC | 0.00 | 5.25 | 5.60 | 5.86 | 0.74 | 6.45 | 5.49 | 6.10 | 6.26 | 7.63 | 11.39 | +7.6 pt | ||||||
| ROE | 7.12 | 9.94 | 7.13 | 8.44 | (1.89) | 11.13 | 15.30 | 19.31 | 10.40 | 20.39 | 17.55 | +13.3 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | 9,000 | 9,500 | 8,800 | 9,900 | 10,400 | 11,300 | 12,100 | 12,000 | — | +4.2% | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.25 | 0.23 | 0.23 | 0.25 | 0.22 | 0.24 | 0.25 | 0.32 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| Systems Protection | 2,593 | 66.60% |
|---|---|---|
| Electrical Connections | 1,300 | 33.40% |
| Gross margin | 37.74% | |
| Operating margin | 15.84% | |
| Pre-tax margin | 14.13% |
nVent Electric PLC vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| VRT Vertiv Holdings Co. | $68.1B | 32.5× | 36.6× | +61.18% (above 0%: growing) | +90.93% (above 0%: growing) | +49.59% (above 0%: growing) | 38.11% | 22.81% | Compare |
| BE Bloom Energy Corporation | $49.5B | 96.4× | 76.1× | +138.10% (above 0%: growing) | n/m | −2,550.79% (below 0%: shrinking) | 33.75% | 18.24% | Compare |
| HUBB Hubbell Inc | $22.1B | 24.5× | 24.4× | +24.63% (above 0%: growing) | +4.21% (above 0%: growing) | +10.48% (above 0%: growing) | 36.75% | 21.83% | Compare |
| NVT nVent Electric PLC | $15.9B | 23.5× | 28.0× | +43.73% (above 0%: growing) | +66.67% (above 0%: growing) | +33.08% (above 0%: growing) | 35.84% | 18.63% | |
| AYI Acuity, Inc. | $9.6B | 18.4× | 18.4× | +2.92% (above 0%: growing) | +55.53% (above 0%: growing) | +61.06% (above 0%: growing) | 53.85% | 18.24% | Compare |
| AEIS Advanced Energy Industries, Inc. | $7.5B | 25.4× | 26.9× | +50.31% (above 0%: growing) | +134.96% (above 0%: growing) | −33.07% (below 0%: shrinking) | 41.51% | 20.56% | Compare |
| FPS Forgent Power Solutions, Inc. | $5.5B | — | — | +94.30% (above 0%: growing) | — | +188.32% (above 0%: growing) | 36.11% | 19.91% | Compare |
| ENS Enersys | $5.1B | 14.9× | 14.3× | +4.77% (above 0%: growing) | +115.54% (above 0%: growing) | +881.05% (above 0%: growing) | 33.49% | 16.18% | Compare |
| POWL Powell Industries, Inc. | $4.6B | 24.1× | 29.1× | +8.90% (above 0%: growing) | +7.25% (above 0%: growing) | +121.73% (above 0%: growing) | 30.57% | 20.55% | Compare |
| Median of peers | $8.6B | 24.5× | 26.9× | +37.47% | +73.23% | +55.33% | 36.43% | 20.23% |
Pay and ownership Proxy statement filed 31 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 13.78m | 33.27m | 475.00 |
| 2024 | 9.83m | 14.72m | 314.00 |
| 2023 | 8.91m | 22.47m | 269.00 |
| 2022 | 7.91m | 11.42m | 173.00 |
| 2021 | 10.65m | 18.56m | 167.00 |
Ownership
Directors and executive officers, together
1.70%
The Vanguard Group
10.40%
BlackRock, Inc.
9.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
nVent Electric PLC (NVT) Latest News
2 Nov
30 Oct
29 Oct
27 Oct
19 Oct
30 Sep
29 Sep
23 Sep
NVT metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
nVent Electric designs, manufactures, markets, installs and services equipment that connects and protects electrical systems. Its products are used in data centers, utility networks, factories, commercial buildings and homes. The company was incorporated in Ireland in 2017 and became an independent public company in 2018. Its principal office is in London, and Beth A. Wozniak is its chief executive.
The company operates through Systems Protection and Electrical Connections. Systems Protection sells enclosures that shield electrical and electronic equipment, cooling systems that remove heat, and control buildings that protect infrastructure equipment. Its range also includes switchgear and power distribution equipment, which help manage the flow of electricity. Customers include large data-center operators, utilities, equipment manufacturers, panel builders and contractors.