nVent Electric plc NVT
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We connect and protect some of the world's most critical electrical systems to make them safer, more efficient and resilient. We design, manufacture, market, install and service high performance products and solutions that connect and protect mission critical equipment, buildings and essential processes. We have a comprehensive portfolio of bus systems, cable management, control buildings, cooling solutions, both liquid and air, electrical connections, enclosures, equipment protection, power connections and power management solutions, and switchgear systems, and we are recognized globally for quality, reliability and innovation.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.89B | $3.01B | $2.67B | $2.30B | $2.46B | $2.00B | $2.20B | $2.21B | $2.10B | $2.12B |
| Cost of revenue | $2.42B | $1.80B | $1.59B | $1.47B | $1.52B | $1.25B | $1.34B | $1.34B | $1.26B | $1.28B |
| Gross profit | $1.47B | $1.21B | $1.08B | $822.9M | $941.9M | $749.4M | $865.8M | $876.1M | $841.9M | $835.8M |
| R&D | $78.5M | $66.1M | $55.2M | $45.6M | $48.6M | $43.5M | $48.2M | $45.6M | $42.5M | $40.6M |
| SG&A | $773.8M | $615.9M | $557.3M | $468.3M | $537.9M | $447.0M | $484.5M | $519.7M | $483.3M | $462.4M |
| Operating income | $616.8M | $527.1M | $462.7M | $309.0M | $355.4M | $38.4M | $333.1M | $310.8M | $316.1M | $332.8M |
| Interest expense | $75.0M | $106.0M | $79.4M | $31.2M | $32.3M | $36.4M | $44.7M | $31.2M | $200.0K | $1.4M |
| Pre-tax income | $550.0M | $429.2M | $375.3M | $336.3M | $320.7M | -$9.5M | $257.4M | $268.7M | $313.3M | $315.0M |
| Income tax | $121.5M | $188.4M | $84.4M | $43.2M | $47.8M | $37.7M | $34.7M | $37.9M | $48.4M | $55.9M |
| Net income | $710.2M | $331.8M | $567.1M | $399.8M | $272.9M | -$47.2M | $222.7M | $230.8M | $361.7M | $259.1M |
| EPS, basic | 4.36 | 2.00 | 3.42 | 2.40 | 1.63 | -0.28 | 1.30 | 1.29 | 2.02 | — |
| EPS, diluted | 4.31 | 1.97 | 3.37 | 2.38 | 1.61 | -0.28 | 1.29 | 1.28 | 2.00 | — |
| Shares, diluted (wtd. avg.) | $164.6M | $168.2M | $168.2M | $168.3M | $169.7M | $169.6M | $173.0M | $180.8M | $181.2M | $181.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $237.5M | $131.2M | $179.6M | $290.0M | $43.8M | $122.5M | $106.4M | $159.0M | $26.9M | $21.5M |
| Inventory | $471.9M | $360.3M | $360.2M | $346.7M | $321.9M | $235.2M | $244.7M | $228.2M | $222.3M | — |
| Total current assets | $1.64B | $1.39B | $1.34B | $1.23B | $911.5M | $764.4M | $798.7M | $846.5M | $732.6M | — |
| Property, plant and equipment | $434.5M | $347.9M | $319.9M | $289.2M | $291.1M | $289.4M | $284.5M | $264.8M | $265.8M | — |
| Goodwill | $2.68B | $2.22B | $1.86B | $1.47B | $2.19B | $2.10B | $2.28B | $2.23B | $2.24B | $2.22B |
| Other intangibles | $1.88B | $1.59B | $1.35B | $1.07B | $1.14B | $1.11B | $1.16B | $1.17B | $1.24B | — |
| Total assets | $6.85B | $6.73B | $6.16B | $4.90B | $4.67B | $4.37B | $4.64B | $4.55B | $4.72B | $4.49B |
| Accounts payable | $358.9M | $280.1M | $239.8M | $252.1M | $261.0M | $171.1M | $187.1M | $186.4M | $174.1M | — |
| Short-term debt | $13.8M | $37.5M | $31.9M | $15.0M | $5.0M | $20.0M | $17.5M | $12.5M | $0 | — |
| Total current liabilities | $1.00B | $801.6M | $733.6M | $649.5M | $636.3M | $450.0M | $462.2M | $461.7M | $390.9M | — |
| Long-term debt | $1.55B | $2.12B | $1.75B | $1.07B | $994.2M | $928.0M | $1.05B | $929.2M | $0 | — |
| Total liabilities | $3.12B | $3.50B | $3.02B | $2.17B | $2.18B | $1.96B | $2.05B | $1.87B | $933.7M | — |
| Retained earnings | $1.69B | $1.11B | $905.3M | $457.3M | $174.5M | $20.7M | $186.7M | $83.4M | $0 | — |
| Total equity | $3.73B | $3.24B | $3.14B | $2.73B | $2.50B | $2.41B | $2.59B | $2.69B | $3.79B | $3.49B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $465.2M | $643.1M | $528.1M | $394.6M | $373.3M | $344.0M | $336.3M | $343.5M | $409.7M | $364.0M |
| Depreciation and amortisation | $60.7M | $51.3M | $43.7M | $36.1M | $40.9M | $38.4M | $35.4M | $36.2M | $36.5M | $34.4M |
| Stock-based compensation | $37.5M | $27.3M | $21.8M | $23.3M | $16.6M | $13.9M | $16.1M | $12.8M | $14.6M | $13.4M |
| Capital expenditure | $93.3M | $74.0M | $65.6M | $40.5M | $39.5M | $40.0M | $38.8M | $39.5M | $31.8M | $74.5M |
| Investing cash flow | $520.8M | -$758.4M | -$1.16B | -$52.5M | -$274.0M | -$65.0M | -$160.3M | -$39.1M | -$41.2M | -$68.6M |
| Financing cash flow | -$968.4M | $146.2M | $516.7M | -$82.1M | -$166.8M | -$272.5M | -$226.4M | -$166.6M | -$359.5M | -$308.9M |
| Dividends paid | $130.4M | $126.8M | $116.8M | $117.0M | $117.7M | $119.0M | $120.7M | $62.9M | $0 | $0 |
| Buybacks | $253.1M | $100.0M | $60.8M | $65.9M | $111.5M | $43.2M | $235.7M | $56.0M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-008608.
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