NYSE : NVT
nVent Electric plc — Financial statements
Industrials · Electrical Equipment & Parts · United Kingdom
Last price 125.98 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 20.36B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
nVent Electric plc (NVT) reported revenue of 5.29B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.29B | 3.89B | 3.01B | 2.67B | 2.30B | 2.46B |
| Cost of Revenue | 3.38B | 2.42B | 1.80B | 1.59B | 1.47B | 1.52B |
| Gross Profit | 1.92B | 1.47B | 1.21B | 1.08B | 822.90M | 941.90M |
| Selling, General & Admin | 884.90M | 757.90M | 613.40M | 571.70M | 406.40M | 517.10M |
| Research & Development | 92.80M | 78.50M | 66.10M | 55.20M | 45.60M | 48.60M |
| Operating Expenses | 977.70M | 836.40M | 679.50M | 626.90M | 452.00M | 565.70M |
| Operating Income | 937.70M | 632.70M | 529.60M | 448.30M | 370.90M | 376.20M |
| Interest Expense | -75.00M | -75.00M | -106.00M | -79.40M | -31.20M | -32.30M |
| Other Non Operating Income (Expenses) | -600.00K | -200.00K | 12.60M | 2.40M | 800.00K | |
| EBT Excluding Unusual Items | 862.10M | 557.50M | 436.20M | 368.90M | 342.10M | 344.70M |
| Merger & Restructuring Charges | -6.80M | -7.50M | -7.00M | -3.90M | -5.80M | -8.80M |
| Gain (Loss) on Sale of Investments | 10.30M | |||||
| Other Unusual Items | 20.00M | -15.20M | ||||
| Pretax Income | 875.30M | 550.00M | 429.20M | 375.30M | 336.30M | 320.70M |
| Income Tax Expense | 200.90M | 121.50M | 188.40M | -84.40M | 43.20M | 47.80M |
| Earnings From Continuing Operations | 674.40M | 428.50M | 240.80M | 459.70M | 293.10M | 272.90M |
| Earnings From Discontinued Operations | 5.10M | 281.70M | 91.00M | 107.40M | 106.70M | |
| Net Income | 679.50M | 710.20M | 331.80M | 567.10M | 399.80M | 272.90M |
| Net Income to Common | 679.50M | 710.20M | 331.80M | 567.10M | 399.80M | 272.90M |
| Shares Outstanding (Basic) | 161.65M | 162.40M | 165.50M | 165.60M | 166.30M | 167.90M |
| Shares Outstanding (Diluted) | 164.00M | 164.60M | 168.20M | 168.20M | 168.30M | 169.70M |
| EPS (Basic) | 4.20 | 4.37 | 2.00 | 3.42 | 2.40 | 1.63 |
| EPS (Diluted) | 4.14 | 4.31 | 1.97 | 3.37 | 2.37 | 1.61 |
| Free Cash Flow | 642.60M | 371.90M | 569.10M | 462.50M | 354.10M | 333.80M |
| Free Cash Flow Per Share | 3.92 | 2.26 | 3.38 | 2.75 | 2.10 | 1.97 |
| Dividend Per Share | 0.83 | 0.80 | 0.76 | 0.70 | 0.70 | 0.70 |
| Gross Margin | 36.17% | 37.74% | 40.22% | 40.29% | 35.85% | 38.26% |
| Operating Margin | 17.71% | 16.25% | 17.62% | 16.80% | 16.16% | 15.28% |
| Profit Margin | 12.83% | 18.24% | 11.04% | 21.25% | 17.42% | 11.08% |
| Free Cash Flow Margin | 12.14% | 9.55% | 18.93% | 17.33% | 15.43% | 13.56% |
| EBITDA | 1.17B | 840.50M | 675.60M | 561.50M | 457.30M | 484.60M |
| EBITDA Margin | 22.00% | 21.59% | 22.47% | 21.04% | 19.93% | 19.68% |
| D&A For EBITDA | 227.40M | 207.80M | 146.00M | 113.20M | 86.40M | 108.40M |
| EBIT | 937.70M | 632.70M | 529.60M | 448.30M | 370.90M | 376.20M |
| EBIT Margin | 17.71% | 16.25% | 17.62% | 16.80% | 16.16% | 15.28% |
| Effective Tax Rate | 22.95% | 22.09% | 43.90% | 12.85% | 14.90% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.12B | 237.50M | 131.20M | 179.60M | 297.50M | 49.50M |
| Cash & Short-Term Investments | 1.12B | 237.50M | 131.20M | 179.60M | 297.50M | 49.50M |
| Accounts Receivable | 1.16B | 853.80M | 528.00M | 483.80M | 518.10M | 487.00M |
| Receivables | 1.16B | 853.80M | 528.00M | 483.80M | 518.10M | 487.00M |
| Inventory | 573.80M | 471.90M | 360.30M | 360.20M | 346.70M | 321.90M |
| Prepaid Expenses | 42.10M | 46.80M | 36.10M | 33.20M | 44.90M | 49.60M |
| Other Current Assets | 63.30M | 29.60M | 333.70M | 279.30M | 22.00M | 3.50M |
| Total Current Assets | 2.96B | 1.64B | 1.39B | 1.34B | 1.23B | 911.50M |
| Property, Plant & Equipment | 622.30M | 580.00M | 472.80M | 419.50M | 365.60M | 370.20M |
| Goodwill | 2.68B | 2.68B | 2.22B | 1.86B | 2.18B | 2.19B |
| Other Intangible Assets | 1.76B | 1.88B | 1.59B | 1.35B | 1.07B | 1.14B |
| Long-Term Deferred Tax Assets | 44.40M | 46.70M | 57.00M | 166.10M | 16.30M | 14.60M |
| Other Long-Term Assets | 46.30M | 31.10M | 1.01B | 1.03B | 46.90M | 47.40M |
| Total Assets | 8.10B | 6.85B | 6.73B | 6.16B | 4.90B | 4.67B |
| Accounts Payable | 535.60M | 358.90M | 280.10M | 239.80M | 252.10M | 261.00M |
| Accrued Expenses | 284.70M | 257.90M | 176.00M | 197.40M | 214.20M | 208.10M |
| Current Portion of Long-Term Debt | 13.80M | 13.80M | 37.50M | 31.90M | 15.00M | 5.00M |
| Current Portion of Leases | 35.70M | 30.70M | 22.80M | 19.50M | 17.70M | 17.40M |
| Current Income Taxes Payable | 60.00M | 56.70M | 50.70M | 41.70M | 34.50M | 32.40M |
| Current Unearned Revenue | 139.30M | 176.80M | 22.50M | 8.00M | 22.70M | 17.80M |
| Other Current Liabilities | 165.20M | 108.70M | 212.00M | 195.30M | 93.30M | 94.60M |
| Total Current Liabilities | 1.23B | 1.00B | 801.60M | 733.60M | 649.50M | 636.30M |
| Long-Term Debt | 2.17B | 1.55B | 2.12B | 1.75B | 1.07B | 994.20M |
| Long-Term Leases | 128.80M | 122.40M | 108.30M | 84.90M | 63.70M | 66.50M |
| Pension & Post-Retirement Benefits | 133.30M | 135.60M | 131.70M | 140.40M | 128.50M | 208.10M |
| Long-Term Deferred Tax Liabilities | 231.30M | 232.00M | 242.70M | 190.30M | 199.60M | 210.30M |
| Other Long-Term Liabilities | 94.90M | 82.20M | 95.50M | 121.60M | 61.00M | 62.70M |
| Total Liabilities | 3.99B | 3.12B | 3.50B | 3.02B | 2.17B | 2.18B |
| Common Stock | 1.60M | 1.60M | 1.70M | 1.70M | 1.70M | 1.70M |
| Additional Paid-In Capital | 1.99B | 2.07B | 2.27B | 2.34B | 2.37B | 2.40B |
| Retained Earnings | 2.15B | 1.69B | 1.11B | 905.30M | 457.30M | 174.50M |
| Comprehensive Income & Other | -29.60M | -31.20M | -144.40M | -104.00M | -99.60M | -83.20M |
| Shareholders' Equity | 4.11B | 3.73B | 3.24B | 3.14B | 2.73B | 2.50B |
| Total Liabilities & Equity | 8.10B | 6.85B | 6.73B | 6.16B | 4.90B | 4.67B |
| Total Debt | 2.35B | 1.71B | 2.29B | 1.89B | 1.16B | 1.08B |
| Net Cash (Debt) | -1.22B | -1.48B | -2.15B | -1.71B | -867.10M | -1.03B |
| Net Cash Per Share | -7.46 | -8.96 | -12.81 | -10.14 | -5.15 | -6.09 |
| Filing Date Shares Outstanding | 161.60M | 161.73M | 165.02M | 165.07M | 165.35M | 166.08M |
| Total Common Shares Outstanding | 161.60M | 161.73M | 165.02M | 165.07M | 165.35M | 166.08M |
| Working Capital | 1.72B | 636.10M | 587.70M | 602.50M | 579.70M | 275.20M |
| Book Value Per Share | 25.45 | 23.06 | 19.62 | 19.04 | 16.52 | 15.03 |
| Tangible Book Value | -320.70M | -824.30M | -571.20M | -66.50M | -512.50M | -834.40M |
| Tangible Book Value Per Share | -1.98 | -5.10 | -3.46 | -0.40 | -3.10 | -5.02 |
| Land | 27.90M | 28.30M | 21.50M | 21.80M | 38.60M | 39.80M |
| Buildings | 235.00M | 220.00M | 177.10M | 175.00M | 180.50M | 184.50M |
| Machinery | 702.30M | 651.10M | 565.60M | 531.30M | 500.40M | 488.50M |
| Construction In Progress | 72.30M | 65.70M | 47.20M | 32.40M | 34.70M | 25.50M |
| Order Backlog | 2.35B | 749.30M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 679.50M | 710.20M | 331.80M | 567.10M | 399.80M | 272.90M |
| Depreciation & Amortization | 227.40M | 207.80M | 146.00M | 113.20M | 86.40M | 108.40M |
| Other Amortization | 6.00M | 2.20M | 3.60M | |||
| Loss (Gain) From Sale of Investments | 8.80M | -10.30M | ||||
| Stock-Based Compensation | 37.60M | 37.50M | 27.30M | 21.80M | 23.30M | 16.60M |
| Other Operating Activities | -2.10M | -283.00M | -17.50M | -258.20M | -180.20M | -19.60M |
| Change in Accounts Receivable | -308.60M | -73.00M | 22.50M | -17.70M | -42.10M | -104.20M |
| Change in Inventory | -123.60M | -78.70M | -600.00K | 21.90M | -20.90M | -74.00M |
| Change in Accounts Payable | 193.00M | 57.20M | 1.50M | 7.50M | -5.40M | 73.70M |
| Change in Other Net Operating Assets | 95.10M | 71.00M | -21.00M | -26.70M | 12.40M | 99.50M |
| Operating Cash Flow | 773.90M | 465.20M | 643.10M | 528.10M | 394.60M | 373.30M |
| Capital Expenditures | -131.30M | -93.30M | -74.00M | -65.60M | -40.50M | -39.50M |
| Sale of Property, Plant & Equipment | 5.30M | 5.30M | 500.00K | 100.00K | 2.00M | 600.00K |
| Cash Acquisitions | -800.00K | -975.70M | -677.70M | -1.12B | -8.60M | -235.10M |
| Investment in Securities | 14.10M | |||||
| Other Investing Activities | 1.70M | 1.58B | -7.20M | 6.80M | -5.40M | |
| Investing Cash Flow | -125.10M | 520.80M | -758.40M | -1.16B | -52.50M | -274.00M |
| Long-Term Debt Issued | 275.00M | 500.00M | 800.00M | 200.00M | 372.10M | |
| Long-Term Debt Repaid | -873.30M | -126.50M | -101.10M | -116.70M | -318.70M | |
| Total Debt Repaid | -175.50M | -873.30M | -126.50M | -101.10M | -116.70M | -318.70M |
| Net Debt Issued (Repaid) | 594.10M | -598.30M | 373.50M | 698.90M | 83.30M | 53.40M |
| Issuance of Common Stock | 7.70M | 15.40M | 3.40M | 2.10M | 7.50M | 20.00M |
| Repurchase of Common Stock | -108.70M | -253.10M | -100.00M | -60.80M | -65.90M | -111.50M |
| Common Dividends Paid | -134.60M | -130.40M | -126.80M | -116.80M | -117.00M | -117.70M |
| Other Financing Activities | -14.10M | -2.00M | -3.90M | -6.70M | 10.00M | -11.00M |
| Financing Cash Flow | 344.40M | -968.40M | 146.20M | 516.70M | -82.10M | -166.80M |
| Foreign Exchange Rate Adjustments | 1.70M | 30.00M | -26.10M | 7.50M | -12.00M | -5.50M |
| Miscellaneous Cash Flow Adjustments | 58.70M | -53.20M | 2.00M | -1.80M | ||
| Net Cash Flow | 994.90M | 106.30M | -48.40M | -110.40M | 246.20M | -73.00M |
| Free Cash Flow | 642.60M | 371.90M | 569.10M | 462.50M | 354.10M | 333.80M |
| Free Cash Flow Margin | 12.14% | 9.55% | 18.93% | 17.33% | 15.43% | 13.56% |
| Free Cash Flow Per Share | 3.92 | 2.26 | 3.38 | 2.75 | 2.10 | 1.97 |
| Levered Free Cash Flow | 503.69M | 574.26M | 323.75M | 144.16M | 214.71M | 278.44M |
| Unlevered Free Cash Flow | 544.56M | 621.14M | 387.80M | 190.19M | 234.21M | 298.62M |
| Cash Income Tax Paid | 283.30M | 283.30M | 120.20M | 112.40M | 87.30M | 61.30M |
| Change in Working Capital | -144.10M | -23.50M | 2.40M | -15.00M | -56.00M | -5.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 20.36B | 16.45B | 11.23B | 9.80B | 6.41B | 6.39B |
| Enterprise Value | 21.58B | 18.06B | 13.47B | 11.65B | 7.38B | 7.41B |
| Last Close Price | 125.98 | 101.33 | 66.99 | 57.43 | 36.82 | 35.64 |
| PE Ratio | 30.42 | 23.17 | 33.86 | 17.29 | 16.03 | 23.42 |
| Forward PE | 19.20 | 25.86 | 23.64 | 18.24 | 15.83 | 17.91 |
| PS Ratio | 3.84 | 4.23 | 3.74 | 3.67 | 2.79 | 2.60 |
| PB Ratio | 4.95 | 4.41 | 3.47 | 3.12 | 2.35 | 2.56 |
| P/FCF Ratio | 31.68 | 44.24 | 19.74 | 21.20 | 18.10 | 19.15 |
| P/OCF Ratio | 26.31 | 35.37 | 17.47 | 18.56 | 16.24 | 17.12 |
| PEG Ratio | 0.52 | 1.06 | 3.04 | 1.87 | 1.87 | 1.87 |
| EV/Sales Ratio | 4.08 | 4.64 | 4.48 | 4.37 | 3.22 | 3.01 |
| EV/EBITDA Ratio | 18.52 | 21.48 | 19.93 | 20.75 | 16.14 | 15.29 |
| EV/EBIT Ratio | 23.02 | 28.54 | 25.43 | 25.99 | 19.90 | 19.69 |
| EV/FCF Ratio | 33.59 | 48.55 | 23.66 | 25.19 | 20.84 | 22.19 |
| Debt / Equity Ratio | 0.57 | 0.46 | 0.71 | 0.60 | 0.43 | 0.43 |
| Debt / EBITDA Ratio | 1.96 | 1.97 | 3.26 | 3.22 | 2.44 | 2.15 |
| Debt / FCF Ratio | 3.65 | 4.61 | 4.02 | 4.08 | 3.29 | 3.25 |
| Net Debt / Equity Ratio | 0.30 | 0.40 | 0.67 | 0.54 | 0.32 | 0.41 |
| Net Debt / EBITDA Ratio | 1.05 | 1.75 | 3.19 | 3.04 | 1.90 | 2.13 |
| Net Debt / FCF Ratio | 1.91 | 3.97 | 3.79 | 3.69 | 2.45 | 3.10 |
| Asset Turnover | 0.71 | 0.57 | 0.47 | 0.48 | 0.48 | 0.55 |
| Inventory Turnover | 6.57 | 5.83 | 4.99 | 4.51 | 4.40 | 5.46 |
| Quick Ratio | 1.84 | 1.09 | 0.82 | 0.90 | 1.26 | 0.84 |
| Current Ratio | 2.40 | 1.63 | 1.73 | 1.82 | 1.89 | 1.43 |
| Return on Equity (ROE) | 17.42% | 12.30% | 7.55% | 15.65% | 11.21% | 11.12% |
| Return on Assets (ROA) | 7.88% | 5.82% | 5.13% | 5.07% | 4.84% | 5.20% |
| Return on Invested Capital (ROIC) | 13.50% | 9.30% | 5.80% | 10.62% | 9.07% | 9.40% |
| Return on Capital Employed (ROCE) | 13.70% | 10.80% | 8.90% | 8.30% | 8.70% | 9.30% |
| Earnings Yield | 3.29% | 4.32% | 2.95% | 5.79% | 6.24% | 4.27% |
| FCF Yield | 3.16% | 2.26% | 5.07% | 4.72% | 5.53% | 5.22% |
| Dividend Yield | 0.67% | 0.79% | 1.12% | 1.18% | 1.81% | 1.82% |
| Payout Ratio | 20.28% | 18.36% | 38.22% | 20.60% | 29.27% | 43.13% |
| Buyback Yield / Dilution | 0.86% | 2.14% | 0.06% | 0.06% | 0.83% | -0.06% |
| Total Shareholder Return | 1.53% | 2.93% | 1.18% | 1.24% | 2.63% | 1.76% |