nVent Electric plcNVT
NYSE•Industrials•Electrical Equipment & Parts
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection solutions in the America, Europe, the Middle East, India, Africa, the Asia Pacific, and internationally. It operates in two segments, Systems Protection and Electrical Connections. The company provides solutions to protect electronics, systems, and data in mission critical applications, including data centers. It also offers solutions that connect power and data infrastructure. In addition, the company provides bus systems, cable management, control buildings, liquid and air-cooling solutions, electrical connections, enclosures, equipment protection, power connections, and power management solutions, switchgear systems, as well as tools and test instruments. The company markets its products through electrical distributors, retail, contractors, and original equipment manufacturers under the nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF, and TRACHTE brand names. Its products are used for various applications, such as industrial, commercial and residential, infrastructure, and energy. The company was founded in 1903 and is based in London, the United Kingdom.
nVent Electric plc (NVT) reported trailing twelve months revenue of $4.33B as of March 2026, a 47.1% increase year-over-year. Quarterly revenue reached $1.24B, reflecting continued top-line momentum.
nVent Electric plc generated $491.90M in TTM net income, with quarterly EBITDA of $253.60M. The operating margin contracted from 16.1% to 15.8%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (15.8%) and net margin (11.5%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 44.6% a year ago, reflecting increased costs or interest expense.
NVT trades at a P/E of 37.1x (a premium multiple) and a P/S of 4.2x. The price-to-book ratio of 4.8x reflects a moderate premium to book value.
The company generated $49.10M in free cash flow over the trailing twelve months, a 25.6% increase year-over-year, indicating cash generation ability. The balance sheet shows $6.96B in total assets with $1.54B in long-term debt against $3.80B in stockholders equity for a debt-to-equity ratio of 0.4, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~16.2% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE averages 15.9% but has fluctuated — the competitive advantage may be cyclical or emerging.
7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~15.8% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.4 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 2.6% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation