nVent Electric plc

Special Industry Machinery (No Metalworking Machinery)

NVTMixed10 of 11 basics passed

$167.43

+1.97%

Market cap $27.1B

$167.43

+1.97%

Market cap $27.1B

NVent is a leading global provider of electrical connection and protection solutions that touch a broad range of end markets, including infrastructure, industrial, commercial, and residential.

It is a $27.1B industrial company. Revenue grew 59.9% over the last year, it keeps 12¢ of every dollar of sales as profit, and its net debt equals ~2.3 years of free cash flow. It trades at 45.3× earnings — near the highest of its own history.

Website: nvent.com
Location: London
Employees: 12 000
Sector: Industrials
Founded: 2018

Share price · 3 years

$53.08 → $167.43+215.4%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $4.83B
Profit: keeps 12¢ of every $1 sold; $598M
Free cash flow: cash left after running the business; $578M
Net debt: debt minus cash on hand; $1.31B
P/E: years of profit in the price; 45.3
EPS: earnings per share, TTM; $3.63
Dividend: pays out 22% of profit · 23% of FCF; 0.49%
Shares: down 9% since 2018 — buybacks; 164.6M
Volatility: beta vs the market — under 1 swings less; 1.36

Revenue, last 8 years

52-week range

Low $94.99$167.43High $184.34

Today's price is 81% of the way from the year's low to its high.

P/E vs its history5y

45.3×median 22.5×

Higher than 95% of past days — near the highest of its own history.

Valuation vs own history

P/E

45.3×

P/S

5.6×

EV/EBITDA

35.3×

P/B

6.8×

FCF yield

2.1%

Share of the last ~5 years that was pricier than today (unusually expensive vs its own history). Based on the daily valuation record.

Insider activity · 90 days

-$12.3Mnet selling

Purchases$0

Sales$12.3M

Insiders trading, last 14d0 buy · 0 sell

Standing in Industrials

Size$27.1Btop 38%
Revenue growth+10%top 19%
Net margin12%top 33%
Return on equity16%top 62%
P/E45.3×top 85%
Dividend yield0.49%top 82%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation, Health and Moat lag behind.

Valuation22

P/E vs own history95th pct · 0/25
FCF yield2.1% · 5/25
P/S5.6x · 12/25
EV/EBITDA31.7x · 5/25

Growth70

Revenue CAGR12.1% · 20/25
Net income CAGR27.0% · 25/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth69.8% · 25/25

Profitability72

ROIC14.1% · 12/25
ROE15.8% · 20/25
Net margin12.4% · 20/25
Operating margin17.1% · 20/25

Health48

Altman Zn/a · 0/25
Current ratio1.80 · 18/25
Interest coverage8.3x · 18/25
Net cash / debtD/A 19% · 12/25

Quality74

Piotroski F6/9 · 15/25
Beneish M-2.02 · 12/25
FCF conversion97% · 22/25
Margin stabilityσ 4.2% · 25/25

Moat43

ROIC >12% years0/8 yrs · 0/25
Median gross margin38.8% · 13/25
FCF-positive years8/8 yrs · 25/25
Worst-year net marginworst -2.4% · 5/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Best year on record
$710M net income
2025Acquisition
NVent announced the acquisition of the Electrical Products Group business of Avail Infrastructure…
2019Acquisition
It acquired Eldon Enclosures, a Swedish manufacturer of electrical enclosures, expanding its product…
FY2018Financial
First recorded profitable year
$231M net income
FY2018Financial
Revenue already above $1B
$2.21B in first reported year
FY2018Financial
Positive free cash flow every year since
8-year streak
May 1, 2018Founded
NVent was established when Pentair separated its electrical business in 2018, creating nVent Electric plc as an…

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$50 144 today — price return only

$3.9B revenue in FY2025

Revenue up 59.9% year over year

Profitable 5 years in a row

Positive free cash flow 8 years in a row

12 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 59.9% year over year
Interest covered 8.3× by operating earnings

Watch-outs

Loss-making in 1 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

10 of 11 checks passed

Revenue growing — the company sells more than a year ago+59.9% YoY
Profitable — makes more than it spends$598M TTM
Profit growing — earnings are higher than last year+22.0% YoY
Generates cash — cash left after running and investing$578M TTM
Debt under control — could handle its obligations~2.3y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$27.1B market cap
Not printing shares — share count not ballooning — you keep your slice-2.9% shares over ~5y
Proven track record — years of profitability behind it7/8 profitable years
Financially stable — balance sheet not near distresshealth score 36/100
Pays a dividend — returns cash to shareholdersyield 0.49%
Valuation not extreme — price not wildly above earningsP/E 45.3

Peer comparisonnVent Electric plc vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
NVT this company	$27.1B	45.3	+59.9%	12.4%	Mixed
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: NVT vs LRCX · NVT vs CAT · NVT vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 6Buy 14Hold 2

Appendix · Financial records

The full statements behind this CV, FY2018–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $4.83B · net income $598M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$4.83B

YoY 59.9%

Net income (TTM)

$598M

Margin 12.4%

Gross margin

37.0%

Operating margin

17.1%

P/E ratio

45.3

Dividend yield

0.49%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	2.0	2.5	2.9	3.3	3.0	3.9
Gross profit	0.7	0.9	1.1	1.3	1.2	1.5
Operating income (EBIT)	0.0	0.4	0.4	0.6	0.5	0.6
Net income	-0.0	0.3	0.4	0.6	0.3	0.7
EPS (diluted)	-0.28	1.61	2.38	3.37	1.97	4.31

Cash flowFree cash flow $578M · operating cash flow $691M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$578M

Margin 12.0%

Operating cash flow (TTM)

$691M

FCF margin

12.0%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.3	0.4	0.4	0.5	0.6	0.5
Capital expenditure	-0.0	-0.0	-0.0	-0.1	-0.1	-0.1
Free cash flow	0.3	0.3	0.3	0.5	0.6	0.4
FCF margin	15.2%	13.6%	12.0%	14.0%	18.9%	9.6%

Balance sheetAssets $6.85B · net debt $1.31B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $6.85B of assets is financed

46%

54%

Liabilities $3.12B — borrowed moneyEquity $3.73B — owners' stake

Cash vs debt

Total debt $1.55B − cash $238M = net debt $1.31B

Cash on hand covers 15% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

8.3x

EBIT ÷ interest expense

ROE

15.8%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.1	0.0	0.3	0.2	0.1	0.2
Total assets	4.4	4.7	4.9	6.2	6.7	6.9
Total liabilities	2.0	2.2	2.2	3.0	3.5	3.1
Total debt	0.9	1.0	1.1	1.7	2.1	1.5
Equity	2.4	2.5	2.7	3.1	3.2	3.7
Net debt	0.8	0.9	0.8	1.6	2.0	1.3

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Deeper analysis of NVT on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $167.43 · market cap $27.1B.