nVent Electric plc (NVT)
nVent Electric plc specializes in the global design, production, distribution, installation, and upkeep of electrical connection and protective equipment. Its operations are structured across three distinct divisions. The Enclosures segment offers critical protective and connective solutions for sensitive electronic, communication, control, and power apparatus. It also supplies robust physical infrastructure for hosting and safeguarding server and network equipment, alongside indoor and outdoor protective gear for instrumentation in aerospace and defense applications. These solutions cater to industrial, infrastructural, commercial, and energy sectors, encompassing a product range including metal and non-metal enclosures, cabinets, sub-racks, and backplanes. The Electrical & Fastening Solutions unit delivers specialized fastening devices engineered to secure and shield electrical, mechanical, and civil structural systems, along with a variety of other purpose-built electrical and fastening items. Within the Thermal Management segment, the company furnishes electric thermal systems designed to connect and safeguard structures, infrastructure, industrial operations, and individuals. This includes comprehensive thermal regulation systems like heat tracing, underfloor heating, fire-resistant and specialized wiring, sensing technologies, and snow/ice removal solutions. Products are marketed under prominent brand names such as CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER. Its distribution network includes electrical wholesale partners, data center installation specialists, original equipment manufacturers (OEMs), and maintenance service providers. Clientele spans diverse sectors, including energy, manufacturing, infrastructure, and both commercial and residential markets. Established in 1903, the enterprise maintains its headquarters in London, United Kingdom.
Sector: Special Industry Machinery (No Metalworking Machinery)
Industry: Electrical Equipment & Parts
nVent Electric plc
NYSE:NVTIndustrials · Electrical Equipment & Parts
-1.78%$125.40
AH Close$125.40+0.00%vs close
AH Close$125.40+0.00%vs close
Mkt Cap$20.3B
Float161.16M
O/S161.86M
Inst Own90.0%
SI3.0%
Div Yield0.67%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.89B
Net Income$710.2M
Total Assets$6.85B
Free Cash Flow$371.9M
Debt & Equity
Debt 31%
Equity 69%
Total Debt$1.71B
Total Equity$3.73B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NVT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$6.85B
Liabilities$3.12B
Accounts Receivable$853.8M
Accounts Payable$358.9M
Inventory$471.9M
PP&E (Net)$563.1M
Goodwill$2.68B
Intangible Assets$1.88B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $3.89B | $3.01B | $2.67B | $2.3B | $2.46B | $2B | $2.2B | $2.21B | $2.1B | $2.12B | $1.81B |
| YoY Growth | 29.5% | 12.6% | 16.3% | -6.8% | 23.2% | -9.3% | -0.4% | 5.5% | -0.9% | 17.0% | - |
| Cost of Revenue | $2.42B | $1.8B | $1.59B | $1.47B | $1.52B | $1.25B | $1.34B | $1.34B | $1.26B | $1.28B | $1.14B |
| Gross Profit | $1.47B | $1.21B | $1.08B | $822.9M | $941.9M | $749.4M | $865.8M | $876.1M | $841.9M | $835.8M | $670.1M |
| Gross Margin | 37.7% | 40.2% | 40.3% | 35.9% | 38.3% | 37.5% | 39.3% | 39.6% | 40.1% | 39.5% | 37.0% |
| Research and Development | $78.5M | $66.1M | $55.2M | $45.6M | $48.6M | $43.5M | $48.2M | $45.6M | $42.5M | $40.6M | $29.3M |
| Selling, General, and Administrative | $773.8M | $615.9M | $557.3M | $468.3M | $537.9M | $447M | $484.5M | $519.7M | $483.3M | $462.4M | $373.8M |
| Other | $0 | $0 | $0 | $0 | $0 | $220.5M | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $852.3M | $682M | $612.5M | $513.9M | $586.5M | $711M | $532.7M | $565.3M | $525.8M | $503M | $403.1M |
| Operating Income (EBIT) | $616.8M | $527.1M | $462.7M | $309M | $355.4M | $38.4M | $333.1M | $310.8M | $316.1M | $332.8M | $267M |
| Operating Margin | 15.8% | 17.5% | 17.3% | 13.5% | 14.4% | 1.9% | 15.1% | 14.0% | 15.1% | 15.7% | 14.8% |
| Interest Expense | $75M | $106M | $79.4M | $31.2M | $32.3M | $36.4M | $44.7M | $31.2M | $200K | $1.4M | $1.1M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$66.8M | -$97.9M | -$87.4M | $27.3M | -$34.7M | -$47.9M | -$75.7M | -$42.1M | -$2.8M | -$17.8M | -$1.1M |
| Income Before Tax (EBT) | $550M | $429.2M | $375.3M | $336.3M | $320.7M | -$9.5M | $257.4M | $268.7M | $313.3M | $315M | $265.9M |
| Income Tax Expense | $121.5M | $188.4M | -$84.4M | $43.2M | $47.8M | $37.7M | $34.7M | $37.9M | -$48.4M | $55.9M | $55.8M |
| Net Income | $710.2M | $331.8M | $567.1M | $399.8M | $272.9M | -$47.2M | $222.7M | $230.8M | $361.7M | $259.1M | $210.1M |
| Net Income Margin | 18.2% | 11.0% | 21.2% | 17.4% | 11.1% | -2.4% | 10.1% | 10.4% | 17.2% | 12.2% | 11.6% |
| Supplementary Data | |||||||||||
| EPS | 4.36 | 2.00 | 3.42 | 2.40 | 1.63 | -0.28 | 1.30 | 1.29 | 2.03 | 1.45 | 1.18 |
| Diluted EPS | 4.31 | 1.97 | 3.37 | 2.38 | 1.61 | -0.28 | 1.29 | 1.28 | 2.03 | 1.45 | 1.18 |
| Weighted Average OS | 162.40M | 165.50M | 165.60M | 166.30M | 167.90M | 169.60M | 171.60M | 178.60M | 178.30M | 178.30M | 178.30M |
| EBITDA | $832.8M | $681.2M | $567.9M | $453.9M | $461.4M | $129.5M | $398.9M | $397M | $411.4M | $411.6M | $329.9M |
| EBITDA Margin | 21.4% | 22.7% | 21.3% | 19.8% | 18.7% | 6.5% | 18.1% | 17.9% | 19.6% | 19.5% | 18.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $237.5M | $131.2M | $185.1M | $297.5M | $49.5M | $122.5M | $106.4M | $159M | $26.9M | $21.5M | $22.7M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $237.5M | $131.2M | $185.1M | $297.5M | $49.5M | $122.5M | $106.4M | $159M | $26.9M | $21.5M | $22.7M |
| Accounts Receivable | $853.8M | $528M | $633.6M | $518.1M | $487M | $359.4M | $403.7M | $415.3M | $419.2M | $388.1M | $396.6M |
| Inventory | $471.9M | $360.3M | $441.3M | $346.7M | $321.9M | $235.2M | $244.7M | $228.2M | $224.1M | $202.2M | $207.1M |
| Other Current Assets | $17.5M | $315.6M | $31.4M | $22M | $3.5M | $17.5M | $11.4M | $12.3M | $1.8M | $24.3M | $76.1M |
| Total Current Assets | $1.64B | $1.39B | $1.34B | $1.23B | $911.5M | $764.4M | $798.7M | $846.5M | $732.6M | $657.3M | $649.9M |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $563.1M | $455.1M | $419.5M | $365.6M | $370.2M | $335M | $328.7M | $264.8M | $265.8M | $260.2M | $228M |
| Goodwill | $2.68B | $2.22B | $1.86B | $2.18B | $2.19B | $2.1B | $2.28B | $2.23B | $2.24B | $2.22B | $2.26B |
| Intangible Assets | $1.88B | $1.59B | $1.35B | $1.07B | $1.14B | $1.11B | $1.16B | $1.17B | $1.24B | $1.31B | $3.64B |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $46.7M | $57M | $166.1M | $16.3M | $14.6M | $29.8M | $40.9M | $4.6M | $0 | $0 | $0 |
| Other Long-Term Assets | $48M | $1.02B | $1.03B | $46.9M | $47.4M | $33.2M | $32.4M | $29.2M | $251.8M | $46.4M | -$2.2B |
| Total Long-Term Assets | $5.21B | $5.35B | $4.83B | $3.67B | $3.76B | $3.6B | $3.84B | $3.71B | $3.99B | $3.84B | $3.91B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $6.85B | $6.73B | $6.16B | $4.9B | $4.67B | $4.37B | $4.64B | $4.55B | $4.72B | $4.49B | $4.56B |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $358.9M | $280.1M | $239.8M | $252.1M | $261M | $171.1M | $187.1M | $186.4M | $174.1M | $150.1M | $138.6M |
| Short-Term Debt | $44.5M | $37.5M | $31.9M | $15M | $5M | $20M | $17.5M | $12.5M | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $50.7M | $54M | $34.5M | $32.4M | $32.8M | $24.8M | $27.4M | $41.8M | $20.9M | $40M |
| Current Unearned Revenue | $176.8M | $22.5M | $8M | $22.7M | $17.8M | $11.3M | $13.7M | $13.2M | $14.3M | $6.6M | $13.5M |
| Other Current Liabilities | $175.4M | $273.5M | $265.4M | $172.2M | $178M | $130.7M | $130.6M | $145.1M | $117.8M | $104.8M | $111.1M |
| Total Current Liabilities | $1B | $801.6M | $733.6M | $649.5M | $636.3M | $450M | $462.2M | $461.7M | $390.9M | $318.4M | $361M |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $1.55B | $2.12B | $1.75B | $1.07B | $994.2M | $928M | $1.05B | $929.2M | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $232M | $242.7M | $190.3M | $199.6M | $210.3M | $230.1M | $237.8M | $224.8M | $279.4M | $470.4M | $490.2M |
| Other Long-Term Liabilities | $217.8M | $244.8M | $262M | $189.5M | $270.8M | $312.5M | $267M | $249.9M | $263.4M | $219.3M | $206.5M |
| Total Long-Term Liabilities | $2.12B | $2.7B | $2.29B | $1.52B | $1.54B | $1.51B | $1.59B | $1.4B | $542.8M | $689.7M | $696.7M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.12B | $3.5B | $3.02B | $2.17B | $2.18B | $1.96B | $2.05B | $1.87B | $933.7M | $1.01B | $1.06B |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.6M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.8M | $3.85B | $3.55B | $3.6B |
| Retained Earnings | $1.69B | $1.11B | $905.3M | $457.3M | $174.5M | $20.7M | $186.7M | $83.4M | $0 | $0 | $0 |
| Comprehensive Income & Other | -$31.2M | -$144.4M | -$104M | -$99.6M | -$83.2M | -$95.2M | -$98.6M | -$107.8M | -$57.1M | -$60.6M | -$88.9M |
| Other Stockholders' Equity | $2.04B | $2.13B | $2.24B | $2.27B | $2.32B | $2.39B | $2.4B | $2.6B | -$57.1M | -$60.6M | -$88.9M |
| Total Equity | $3.73B | $3.24B | $3.14B | $2.73B | $2.5B | $2.41B | $2.59B | $2.69B | $3.79B | $3.49B | $3.51B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $6.85B | $6.73B | $6.16B | $4.9B | $4.67B | $4.37B | $4.64B | $4.55B | $4.72B | $4.49B | $4.56B |
| Supplementary Data | |||||||||||
| Total Debt | $1.71B | $2.27B | $1.89B | $1.16B | $1.08B | $997.9M | $1.11B | $941.7M | $0 | $0 | $0 |
| Net Debt | $1.48B | $2.14B | $1.7B | $867.1M | $1.03B | $875.4M | $1.01B | $782.7M | -$26.9M | -$21.5M | -$22.7M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | $710.2M | $240.8M | $459.7M | $293.1M | $272.9M | -$47.2M | $222.7M | $230.8M | $361.7M | $259.1M | $210.1M |
| Depreciation & Amortization | $207.8M | $146M | $113.2M | $86.4M | $108.4M | $102.6M | $96.8M | $97.1M | $97.9M | $95.2M | $62.9M |
| Deferred Income Tax | $11.1M | $85.3M | -$165.9M | -$11.4M | -$18.8M | -$2.9M | -$24.6M | -$23.6M | -$158M | -$1.7M | -$14.6M |
| Stock-Based Compensation | $37.5M | $27.3M | $21.8M | $23.3M | $16.6M | $13.9M | $16.1M | $12.8M | $14.6M | $13.4M | $13.3M |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$112.1M | $38.6M | -$22.4M | -$42.1M | -$104.2M | $28.3M | $26.6M | -$1.3M | -$18.2M | $6.1M | -$4.2M |
| Inventory | -$78.7M | -$600K | $21.9M | -$20.9M | -$74M | $18.3M | $900K | -$12M | -$8.9M | $400K | $41.9M |
| Accounts Payable | $57.2M | $1.5M | $7.5M | -$5.4M | $73.7M | -$18.6M | -$7.9M | $13.4M | $17M | $15M | $400K |
| Other Working Capital | $110.1M | -$37.1M | -$22M | $12.4M | $99.5M | $18.7M | -$25M | $18.1M | $79.6M | -$59.9M | $31.6M |
| Total Working Capital Change | -$23.5M | $2.4M | -$15M | -$56M | -$5M | $46.7M | -$5.4M | $18.2M | $69.5M | -$38.4M | $69.7M |
| Other Non-Cash Items | -$477.9M | $141.3M | $114.3M | $59.2M | -$800K | $230.9M | $30.7M | $8.2M | $24M | $36.4M | $2.5M |
| Net Cash from Operating | $465.2M | $643.1M | $528.1M | $394.6M | $373.3M | $344M | $336.3M | $343.5M | $409.7M | $364M | $343.9M |
| Investing Activities | |||||||||||
| Capital Expenditures | -$93.3M | -$74M | -$65.6M | -$40.5M | -$39.5M | -$40M | -$38.8M | -$39.5M | -$31.8M | -$74.5M | -$47.4M |
| Acquisitions | -$975.7M | -$677.7M | -$1.12B | -$8.6M | -$235.1M | -$27M | -$127.8M | -$2M | -$13.6M | $0 | -$1.91B |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $400K | $18.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $1.59B | -$7.1M | $2.1M | -$3.4M | $600K | $2M | $6.3M | $2.4M | $4.2M | $5.9M | $600K |
| Net Cash from Investing | $520.8M | -$758.4M | -$1.16B | -$52.5M | -$274M | -$65M | -$160.3M | -$39.1M | -$41.2M | -$68.6M | -$1.96B |
| Financing Activities | |||||||||||
| Debt Repaid | $600.3M | -$373.5M | -$698.9M | -$83.3M | $33.9M | $17.5M | $14.1M | -$947.5M | - | - | - |
| Common Stock Issuance | $15.4M | $3.4M | $2.1M | $7.5M | $20M | $7.2M | $9.5M | $8.6M | $0 | $0 | $0 |
| Common Stock Repurchases | -$253.1M | -$100M | -$60.8M | -$65.9M | -$111.5M | -$43.2M | -$235.7M | -$56M | $0 | $0 | $0 |
| Dividends Paid | -$130.4M | -$126.8M | -$116.8M | -$117M | -$117.7M | -$119M | -$120.7M | -$62.9M | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$3.9M | -$6.7M | $10M | $4.2M | $0 | $0 | -$1B | -$359.5M | -$308.9M | $1.61B |
| Net Cash from Financing | -$968.4M | $146.2M | $516.7M | -$82.1M | -$166.8M | -$272.5M | -$226.4M | -$166.6M | -$359.5M | -$308.9M | $1.61B |
| Forex Effect | $88.7M | -$79.3M | $2M | -$12M | -$5.5M | $9.6M | -$2.2M | -$5.7M | -$3.6M | $12.3M | $21.8M |
| Net Change in Cash | $106.3M | -$48.4M | -$117.9M | $248M | -$73M | $16.1M | -$52.6M | $132.1M | $5.4M | -$1.2M | $22.7M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $465.2M | $643.1M | $528.1M | $394.6M | $373.3M | $344M | $336.3M | $343.5M | $409.7M | $364M | $343.9M |
| Capital Expenditure | -$93.3M | -$74M | -$65.6M | -$45.9M | -$39.5M | -$40M | -$38.8M | -$39.5M | -$31.8M | -$74.5M | -$47.4M |
| Free Cash Flow | $371.9M | $569.1M | $462.5M | $348.7M | $333.8M | $304M | $297.5M | $304M | $377.9M | $289.5M | $296.5M |
| Cash at Beginning | $131.2M | $179.6M | $297.5M | $49.5M | $122.5M | $106.4M | $159M | $26.9M | $21.5M | $22.7M | $0 |
| Cash at End | $237.5M | $131.2M | $179.6M | $297.5M | $49.5M | $122.5M | $106.4M | $159M | $26.9M | $21.5M | $22.7M |