nVent Electric vs Regal Rexnord
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The short version
- Regal Rexnord is the larger business, with $5.9B of revenue in fiscal 2025 against $3.9B for nVent Electric, about 1.5 times as much.
- nVent Electric grew revenue faster (29.5%, against −1.7%).
- nVent Electric kept more of each dollar of sales as operating profit (15.8% operating margin, against 11.5%).
- Regal Rexnord turned more of its sales into free cash flow (15.1% FCF margin, against 9.6%).
- nVent Electric earned a higher return on the capital invested in it (9.3%, against 4.8%).
- Investors pay more for each dollar of nVent Electric’s earnings: a P/E of 34.4x against 30.5x for Regal Rexnord.
| Latest fiscal year | NVT · FY25 | RRX · FY25 |
|---|---|---|
| Size | ||
| Market cap | $20.6B | $9.9B |
| Revenue | $3.9B | $5.9B |
| Free cash flow | $372M | $893M |
| Net income | $710M | $280M |
| Growth | ||
| Revenue growth | 29.5% | −1.7% |
| 5-year growth | 14.3% | 15.3% |
| Share count change | −2.1% | −0.2% |
| Profitability | ||
| Gross margin | 37.7% | 37.4% |
| Operating margin | 15.8% | 11.5% |
| Net margin | 18.2% | 4.7% |
| FCF margin | 9.6% | 15.1% |
| Return on capital | 9.3% | 4.8% |
| Return on equity | 20.4% | 4.3% |
| Balance sheet | ||
| Net debt | $1.3B | $4.4B |
| Net debt / EBITDA | 1.6x | 3.7x |
| Dividends and buybacks | $384M | $93.0M |
| Valuation & quality | ||
| P/E | 34.4x | 30.5x |
| Piotroski F-score | 6 | 8 |
Revenue
FY16
NVT $2.1B
RRX $3.2B
FY17
NVT $2.1B
RRX $3.4B
FY18
NVT $2.2B
RRX $3.6B
FY19
NVT $2.2B
RRX $3.2B
FY20
NVT $2.0B
RRX $2.9B
FY21
NVT $2.5B
RRX $3.8B
FY22
NVT $2.3B
RRX $5.2B
FY23
NVT $2.7B
RRX $6.3B
FY24
NVT $3.0B
RRX $6.0B
FY25
NVT $3.9B
RRX $5.9B
NVT
RRX
Operating margin
FY16
NVT 15.7%
RRX 10.0%
FY17
NVT 15.1%
RRX 9.9%
FY18
NVT 14.0%
RRX 9.5%
FY19
NVT 15.1%
RRX 10.8%
FY20
NVT 1.9%
RRX 9.6%
FY21
NVT 14.4%
RRX 9.4%
FY22
NVT 13.5%
RRX 13.2%
FY23
NVT 17.3%
RRX 6.0%
FY24
NVT 17.5%
RRX 10.4%
FY25
NVT 15.8%
RRX 11.5%
NVT
RRX
Free cash flow
FY16
NVT $290M
RRX $377M
FY17
NVT $378M
RRX $227M
FY18
NVT $304M
RRX $285M
FY19
NVT $298M
RRX $316M
FY20
NVT $304M
RRX $388M
FY21
NVT $334M
RRX $303M
FY22
NVT $354M
RRX $352M
FY23
NVT $463M
RRX $596M
FY24
NVT $569M
RRX $500M
FY25
NVT $372M
RRX $893M
NVT
RRX
Return on capital
FY16
NVT —
RRX 7.6%
FY17
NVT —
RRX 7.9%
FY18
NVT 7.4%
RRX 8.3%
FY19
NVT 8.2%
RRX 8.5%
FY20
NVT 0.9%
RRX 6.8%
FY21
NVT 9.1%
RRX 5.0%
FY22
NVT 7.7%
RRX 7.2%
FY23
NVT 11.2%
RRX 3.0%
FY24
NVT 5.9%
RRX 4.3%
FY25
NVT 9.3%
RRX 4.8%
NVT
RRX
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.