nVent Electric vs Nextpower
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The short version
- nVent Electric is the larger business, with $3.9B of revenue in fiscal 2025 against $3.6B for Nextpower.
- nVent Electric grew revenue faster (29.5%, against 20.3%).
- Nextpower kept more of each dollar of sales as operating profit (19.6% operating margin, against 15.8%).
- Nextpower turned more of its sales into free cash flow (14.4% FCF margin, against 9.6%).
- Nextpower earned a higher return on the capital invested in it (54.5%, against 9.3%).
- Investors pay more for each dollar of nVent Electric’s earnings: a P/E of 34.4x against 20.4x for Nextpower.
| Latest fiscal year | NVT · FY25 | NXT · FY26 |
|---|---|---|
| Size | ||
| Market cap | $20.6B | $12.2B |
| Revenue | $3.9B | $3.6B |
| Free cash flow | $372M | $514M |
| Net income | $710M | $586M |
| Growth | ||
| Revenue growth | 29.5% | 20.3% |
| 5-year growth | 14.3% | — |
| Share count change | −2.1% | 2.3% |
| Profitability | ||
| Gross margin | 37.7% | 32.6% |
| Operating margin | 15.8% | 19.6% |
| Net margin | 18.2% | 16.5% |
| FCF margin | 9.6% | 14.4% |
| Return on capital | 9.3% | 54.5% |
| Return on equity | 20.4% | 29.6% |
| Balance sheet | ||
| Net debt | $1.3B | −$1.1B |
| Net debt / EBITDA | 1.6x | −1.5x |
| Dividends and buybacks | $384M | $0.4M |
| Valuation & quality | ||
| P/E | 34.4x | 20.4x |
| Piotroski F-score | 6 | 3 |
Revenue
FY17
NVT $2.1B
NXT —
FY18
NVT $2.2B
NXT —
FY19
NVT $2.2B
NXT —
FY20
NVT $2.0B
NXT —
FY21
NVT $2.5B
NXT —
FY22
NVT $2.3B
NXT —
FY23
NVT $2.7B
NXT $1.9B
FY24
NVT $3.0B
NXT $2.5B
FY25
NVT $3.9B
NXT $3.0B
FY26
NVT —
NXT $3.6B
NVT
NXT
Operating margin
FY17
NVT 15.1%
NXT —
FY18
NVT 14.0%
NXT —
FY19
NVT 15.1%
NXT —
FY20
NVT 1.9%
NXT —
FY21
NVT 14.4%
NXT —
FY22
NVT 13.5%
NXT —
FY23
NVT 17.3%
NXT 8.9%
FY24
NVT 17.5%
NXT 23.5%
FY25
NVT 15.8%
NXT 21.6%
FY26
NVT —
NXT 19.6%
NVT
NXT
Free cash flow
FY17
NVT $378M
NXT —
FY18
NVT $304M
NXT —
FY19
NVT $298M
NXT —
FY20
NVT $304M
NXT —
FY21
NVT $334M
NXT —
FY22
NVT $354M
NXT —
FY23
NVT $463M
NXT $104M
FY24
NVT $569M
NXT $423M
FY25
NVT $372M
NXT $622M
FY26
NVT —
NXT $514M
NVT
NXT
Return on capital
FY17
NVT —
NXT —
FY18
NVT 7.4%
NXT —
FY19
NVT 8.2%
NXT —
FY20
NVT 0.9%
NXT —
FY21
NVT 9.1%
NXT —
FY22
NVT 7.7%
NXT —
FY23
NVT 11.2%
NXT —
FY24
NVT 5.9%
NXT —
FY25
NVT 9.3%
NXT 66.8%
FY26
NVT —
NXT 54.5%
NVT
NXT
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.