nVent Electric
NVT NYSE Electrical Components & Equipment Financials FY2016βFY2025
nVent Electric's revenue rose 29.5% to $3.9 billion in fiscal 2025. Its operating margin was 15.8%, down from 17.5% a year earlier. Free cash flow was $372 million, down 34.6%. It paid out $384 million in dividends and buybacks, 103% of free cash flow. The diluted share count fell 2.1%.
What nVent Electric does
No business description yet.
- Legal name
- nVent Electric plc
- Fiscal year ends
- December 31, 2025
- Latest annual report
- β
- Accession Β· CIK
- 0001628280-26-008608
0001720635
Revenue and margins
nVent Electric had $3.9B of revenue in fiscal 2025, up 29.5% on the year before.
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 13.0% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $372M in fiscal 2025, 9.6% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
nVent Electric returned $384M to shareholders in fiscal 2025, 103% of free cash flow. The diluted share count fell 2.1%.
Value nVent Electric yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
Discounted cash flow
Value per share
β
Adds net cash of β$1.3B and divides by 164.6M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
β
Reference multiples: today 34.4x Β· peers 27.1x Β· sector 26.0x.
Balance sheet
Cash, debt and the ratios that show how comfortably nVent Electric can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $49.5M | $298M | $185M | $131M | $238M |
| Debt incl. finance leases | $999M | $1.1B | $1.8B | $2.2B | $1.6B |
| Net debt / EBITDA | 2.1x | 2.0x | 2.8x | 3.0x | 1.6x |
| Debt / equity | 0.4x | 0.4x | 0.6x | 0.7x | 0.4x |
| Interest coverage | 11.0x | 9.9x | 5.8x | 3.9x | 5.8x |
| Current ratio | 1.4x | 1.9x | 1.8x | 1.7x | 1.6x |
| Quick ratio | 0.9x | 1.4x | 1.3x | 1.3x | 1.2x |
| Total assets | $4.7B | $4.9B | $6.2B | $6.7B | $6.9B |
| Total liabilities | $2.2B | $2.2B | $3.0B | $3.5B | $3.1B |
| Shareholders' equity | $2.5B | $2.7B | $3.1B | $3.2B | $3.7B |
| Net debt (β = net cash) | $950M | $786M | $1.6B | $2.0B | $1.3B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$31.2M
8 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | der Kolk Robert J. vanPresident of EMEA and APAC | Sold | 5,858 | $164.32 | $1.0M | Form 4 |
| Aug 5, 2026 | Beth WozniakChair & CEO | Sold | 46,261 | $164.42 | $7.6M | Form 4 |
| Aug 5, 2026 | Randolph A. WackerSVP & Chief Accounting Officer | Sold | 22,525 | $164.62 | $3.7M | Form 4 |
| May 13, 2026 | Sara E ZawoyskiPresident-Systems Protection | Sold | 29,412 | $172.49 | $5.1M | Form 4 |
| May 11, 2026 | Aravind PadmanabhanEVP & Chief Technology Officer | Sold | 15,942 | $174.00 | $2.8M | Form 4 |
| May 11, 2026 | Martha Claire BennettEVP & Chief Marketing Officer | Sold | 3,778 | $170.00 | $0.6M | Form 4 |
| May 6, 2026 | Lynnette R HeathEVP & Chief HR Officer | Sold | 27,471 | $167.59 | $4.6M | Form 4 |
| May 5, 2026 | Aravind PadmanabhanEVP & Chief Technology Officer | Sold | 6,988 | $170.38 | $1.2M | Form 4 |
| May 4, 2026 | Randolph A. WackerSVP & Chief Accounting Officer | Sold | 4,094 | $165.57 | $0.7M | Form 4 |
| Feb 11, 2026 | Beth WozniakChair & CEO | Sold | 7,597 | $116.47 | $0.9M | Form 4 |
| Feb 10, 2026 | Susan M. CameronDirector | Sold | 5,000 | $114.52 | $0.6M | Form 4 |
| Feb 9, 2026 | der Kolk Robert J. vanPresident of EMEA and APAC | Sold | 21,500 | $116.89 | $2.5M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 6 / 9 | 4 / 9 | 6 / 9 |
| Accruals ratio | 0.7% | β4.8% | 3.6% |
| Altman Z'' | 2.72 | 2.61 | 3.27 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| nVent Electric NVT | $20.6B | 29.5% | 15.8% | 9.6% | 9.3% | 34.4x | 6 | |
| EnerSys ENS | $6.2B | 3.7% | 11.4% | 12.5% | 13.7% | 17.8x | 5 | Compare β |
| Sensata Technologies ST | $5.9B | β5.8% | 6.4% | 13.2% | 2.2% | 67.3x | 6 | Compare β |
| Woodward WWD | $18.5B | 7.3% | β | 9.5% | 16.8% | 33.8x | 8 | Compare β |
| Nextpower NXT | $12.2B | 20.3% | 19.6% | 14.4% | 54.5% | 20.4x | 3 | Compare β |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.1B | $2.1B | $2.2B | $2.2B | $2.0B | $2.5B | $2.3B | $2.7B | $3.0B | $3.9B |
| Gross profit | $836M | $842M | $876M | $866M | $749M | $942M | $823M | $1.1B | $1.2B | $1.5B |
| Research and development | $40.6M | $42.5M | $45.6M | $48.2M | $43.5M | $48.6M | $45.6M | $55.2M | $66.1M | $78.5M |
| Operating income | $333M | $316M | $311M | $333M | $38.4M | $355M | $309M | $463M | $527M | $617M |
| Interest expense | $1.4M | $0.2M | $31.2M | $44.7M | $36.4M | $32.3M | $31.2M | $79.4M | $135M | $106M |
| Pretax income | $315M | $313M | $269M | $257M | β$9.5M | $321M | $336M | $375M | $429M | $550M |
| Income tax | $55.9M | β$48.4M | $37.9M | $34.7M | $37.7M | $47.8M | $43.2M | β$84.4M | $188M | $122M |
| Net income | $259M | $362M | $231M | $223M | β$47.2M | $273M | $400M | $567M | $332M | $710M |
| Diluted EPS | $1.43 | $2.00 | $1.28 | $1.29 | β$0.28 | $1.61 | $2.38 | $3.37 | $1.97 | $4.31 |
| Diluted shares | 0.18B | 0.18B | 0.18B | 0.17B | 0.17B | 0.17B | 0.17B | 0.17B | 0.17B | 0.16B |
| Cash flow | ||||||||||
| Cash from operations | $364M | $410M | $344M | $336M | $344M | $373M | $395M | $528M | $643M | $465M |
| Capital expenditure | $74.5M | $31.8M | $39.5M | $38.8M | $40.0M | $39.5M | $40.5M | $65.6M | $74.0M | $93.3M |
| Free cash flow | $290M | $378M | $304M | $298M | $304M | $334M | $354M | $463M | $569M | $372M |
| Depreciation and amortization | $34.4M | $36.5M | $36.2M | $35.4M | $38.4M | $108M | $86.4M | $113M | $146M | $208M |
| Stock-based compensation | $13.4M | $14.6M | $12.8M | $16.1M | $13.9M | $16.6M | $23.3M | $21.8M | $27.3M | $37.5M |
| Acquisitions | $0.0M | $13.6M | $2.0M | $128M | $27.0M | $235M | $8.6M | $1.1B | $678M | $976M |
| Share buybacks | $0.0M | $0.0M | $56.0M | $236M | $43.2M | $112M | $65.9M | $60.8M | $100M | $253M |
| Dividends paid | $0.0M | $0.0M | $62.9M | $121M | $119M | $118M | $117M | $117M | $127M | $130M |
| Dividends and buybacks | $0.0M | $0.0M | $119M | $356M | $162M | $229M | $183M | $178M | $227M | $384M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $21.5M | $26.9M | $159M | $106M | $123M | $49.5M | $298M | $185M | $131M | $238M |
| Total debt | β | $0.0M | $942M | $1.1B | $948M | $999M | $1.1B | $1.8B | $2.2B | $1.6B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $18.0M | $17.8M |
| Current assets | β | $733M | $847M | $799M | $764M | $912M | $1.2B | $1.3B | $1.4B | $1.6B |
| Current liabilities | β | $391M | $462M | $462M | $450M | $636M | $650M | $734M | $802M | $1.0B |
| Inventory | $0.0M | $224M | $228M | $245M | $235M | $322M | $347M | $360M | $360M | $472M |
| Property and equipment, net | β | $266M | $265M | $285M | $289M | $291M | $289M | $320M | $348M | $435M |
| Total assets | $4.5B | $4.7B | $4.6B | $4.6B | $4.4B | $4.7B | $4.9B | $6.2B | $6.7B | $6.9B |
| Total liabilities | β | $934M | $1.9B | $2.0B | $2.0B | $2.2B | $2.2B | $3.0B | $3.5B | $3.1B |
| Shareholders' equity | $3.5B | $3.8B | $2.7B | $2.6B | $2.4B | $2.5B | $2.7B | $3.1B | $3.2B | $3.7B |
| Margins | ||||||||||
| Gross margin | 39.5% | 40.1% | 39.6% | 39.3% | 37.5% | 38.3% | 35.9% | 40.3% | 40.2% | 37.7% |
| Operating margin | 15.7% | 15.1% | 14.0% | 15.1% | 1.9% | 14.4% | 13.5% | 17.3% | 17.5% | 15.8% |
| EBITDA margin | 17.4% | 16.8% | 15.7% | 16.7% | 3.8% | 18.8% | 17.2% | 21.6% | 22.4% | 21.2% |
| Net margin | 12.2% | 17.2% | 10.4% | 10.1% | β2.4% | 11.1% | 17.4% | 21.3% | 11.0% | 18.2% |
| FCF margin | 13.7% | 18.0% | 13.7% | 13.5% | 15.2% | 13.6% | 15.4% | 17.3% | 18.9% | 9.6% |
| Returns | ||||||||||
| Return on capital | β | β | 7.4% | 8.2% | 0.9% | 9.1% | 7.7% | 11.2% | 5.9% | 9.3% |
| Return on capital employed | β | β | 7.4% | 8.1% | 1.0% | 8.9% | 7.5% | 9.6% | 9.3% | 10.5% |
| Return on equity | β | 9.9% | 7.1% | 8.4% | β1.9% | 11.1% | 15.3% | 19.3% | 10.4% | 20.4% |
| Return on assets | β | 7.9% | 5.0% | 4.8% | β1.1% | 6.0% | 8.4% | 10.3% | 5.2% | 10.5% |
| Growth | ||||||||||
| Revenue growth | β | β0.9% | 5.5% | β0.4% | β9.3% | 23.2% | β6.8% | 16.3% | 12.6% | 29.5% |
| Net income growth | β | 39.6% | β36.2% | β3.5% | β121.2% | β | 46.5% | 41.9% | β41.5% | 114.0% |
| EPS growth | β | 39.9% | β36.0% | 0.8% | β121.7% | β | 47.8% | 41.6% | β41.5% | 118.8% |
| FCF growth | β | 30.5% | β19.6% | β2.1% | 2.2% | 9.8% | 6.1% | 30.6% | 23.1% | β34.7% |
| Share count change | β | 0.0% | β0.2% | β4.3% | β2.0% | 0.1% | β0.8% | β0.1% | 0.0% | β2.1% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β0.1x | 2.3x | 2.6x | 10.8x | 2.1x | 2.0x | 2.8x | 3.0x | 1.6x |
| Debt / equity | β | 0.0x | 0.4x | 0.4x | 0.4x | 0.4x | 0.4x | 0.6x | 0.7x | 0.4x |
| Interest coverage | 237.7x | 1,580.5x | 10.0x | 7.5x | 1.1x | 11.0x | 9.9x | 5.8x | 3.9x | 5.8x |
| Current ratio | β | 1.9x | 1.8x | 1.7x | 1.7x | 1.4x | 1.9x | 1.8x | 1.7x | 1.6x |
| Quick ratio | β | 1.3x | 1.3x | 1.2x | 1.2x | 0.9x | 1.4x | 1.3x | 1.3x | 1.2x |
| Capital allocation | ||||||||||
| Capex / revenue | 3.5% | 1.5% | 1.8% | 1.8% | 2.0% | 1.6% | 1.8% | 2.5% | 2.5% | 2.4% |
| Stock comp / revenue | 0.6% | 0.7% | 0.6% | 0.7% | 0.7% | 0.7% | 1.0% | 0.8% | 0.9% | 1.0% |
| Payouts / FCF | 0.0% | 0.0% | 39.1% | 119.8% | 53.4% | 68.7% | 51.7% | 38.4% | 39.9% | 103.1% |
| Quality scores | ||||||||||
| Piotroski F-score | β | β | 5.0 | 6.0 | 4.0 | 6.0 | 5.0 | 6.0 | 4.0 | 6.0 |
| Altman Z'' | β | 5.2 | 2.6 | 2.4 | 1.8 | 2.2 | 2.8 | 2.7 | 2.6 | 3.3 |
| Accruals ratio | β | β1.0% | β2.4% | β2.5% | β8.7% | β2.2% | 0.1% | 0.7% | β4.8% | 3.6% |
Source: SEC EDGAR XBRL filings (CIK 0001720635). Data updated October 16, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.