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. In the quarter to June 2026, revenue grew 52.8%, EPS grew 95.6%, free cash flow grew 579.3% and total debt fell 15.5%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three.
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nVent Electric PLC (NVT) Altman Z-score
nVent Electric PLC's Altman Z-score for fiscal 2025 is 4.50, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.50 | 1.53 |
| FY2024 | 2.98 | 0.03 |
| FY2023 | 2.95 | 0.23 |
| FY2022 | 2.72 | 0.06 |
| FY2021 | 2.66 | 0.87 |
| FY2020 | 1.79 | (0.35) |
| FY2019 | 2.14 | 0.01 |
| FY2018 | 2.13 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.09 | — | 0.11 | |
| Retained earnings / total assets | 0.25 | — | 0.34 | |
| EBIT / total assets | 0.09 | — | 0.30 | |
| Market value of equity / total liabilities | 5.30 | — | 3.18 | |
| Sales / total assets | 0.57 | — | 0.57 | |
| Altman Z-score | Safe zone | 4.50 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.27 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| POWL Powell Industries, Inc. compare | 7.7× |
| VRT Vertiv Holdings Co. compare | 6.2× |
| AEIS Advanced Energy Industries, Inc. compare | 5.8× |
| HUBB Hubbell Inc compare | 5.3× |
| ENS Enersys compare | 4.5× |
| NVT nVent Electric PLC | 4.5× |
| BE Bloom Energy Corporation compare | 3.6× |
| ATKR Atkore Inc. compare | 2.8× |
| AYI Acuity, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets