nVent Electric (NVT) financial statements
nVent Electric reported revenue of $3.9B in fiscal 2025, up 7.0% a year over 9 years.
Net income was $710M and the operating margin 15.8%, against 15.7% in 2016.
Free cash flow was $372M, and the company returned $130M in dividends and $253M in net buybacks.
The diluted share count fell 9% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from nVent Electric's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B | $2.1B | $2.2B | $2.2B | $2.0B | $2.5B | $2.3B | $2.7B | $3.0B | $3.9B |
| Cost of revenue | $1.3B | $1.3B | $1.3B | $1.3B | $1.2B | $1.5B | $1.5B | $1.6B | $1.8B | $2.4B |
| Gross profit | $836M | $842M | $876M | $866M | $749M | $942M | $823M | $1.1B | $1.2B | $1.5B |
| Research and development | $41M | $42M | $46M | $48M | $44M | $49M | $46M | $55M | $66M | $78M |
| Selling, general and admin | $462M | $483M | $520M | $484M | $447M | $538M | $468M | $557M | $616M | $774M |
| Operating income | $333M | $316M | $311M | $333M | $38M | $355M | $309M | $463M | $527M | $617M |
| Interest expense | $1M | $200,000 | $31M | $45M | $36M | $32M | $31M | $79M | — | — |
| Pre-tax income | $315M | $313M | $269M | $257M | -$10M | $321M | $336M | $375M | $429M | $550M |
| Income tax | $56M | -$48M | $38M | $35M | $38M | $48M | $43M | -$84M | $188M | $122M |
| Net income | $259M | $362M | $231M | $223M | -$47M | $273M | $400M | $567M | $332M | $710M |
| EPS (diluted) | — | $2.00 | $1.28 | $1.29 | -$0.28 | $1.61 | $2.38 | $3.37 | $1.97 | $4.31 |
| Diluted shares | 181M | 181M | 181M | 173M | 170M | 170M | 168M | 168M | 168M | 165M |
| Gross margin | 39.5% | 40.1% | 39.6% | 39.3% | 37.5% | 38.3% | 35.9% | 40.3% | 40.2% | 37.7% |
| Operating margin | 15.7% | 15.1% | 14.0% | 15.1% | 1.9% | 14.4% | 13.5% | 17.3% | 17.5% | 15.8% |
| Net margin | 12.2% | 17.2% | 10.4% | 10.1% | -2.4% | 11.1% | 17.4% | 21.2% | 11.0% | 18.2% |
Balance sheet
Fiscal years, from nVent Electric's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $22M | $27M | $159M | $106M | $122M | $50M | $298M | $185M | $131M | $238M |
| Inventory | — | $224M | $228M | $245M | $235M | $322M | $347M | $360M | $360M | $472M |
| Total current assets | — | $733M | $846M | $799M | $764M | $912M | $1.2B | $1.3B | $1.4B | $1.6B |
| Property, plant and equipment | — | $266M | $265M | $284M | $289M | $291M | $289M | $320M | $348M | $434M |
| Goodwill | $2.2B | $2.2B | $2.2B | $2.3B | $2.1B | $2.2B | $1.5B | $1.9B | $2.2B | $2.7B |
| Total assets | $4.5B | $4.7B | $4.6B | $4.6B | $4.4B | $4.7B | $4.9B | $6.2B | $6.7B | $6.9B |
| Total current liabilities | — | $391M | $462M | $462M | $450M | $636M | $650M | $734M | $802M | $1.0B |
| Long-term debt | — | $0 | $929M | $1.0B | $928M | $994M | $1.1B | $1.7B | $2.1B | $1.5B |
| Total liabilities | — | $934M | $1.9B | $2.0B | $2.0B | $2.2B | $2.2B | $3.0B | $3.5B | $3.1B |
| Shareholders' equity | $3.5B | $3.8B | $2.7B | $2.6B | $2.4B | $2.5B | $2.7B | $3.1B | $3.2B | $3.7B |
| Net debt | -$22M | -$27M | $783M | $958M | $826M | $950M | $786M | $1.6B | $2.0B | $1.3B |
Cash flow
Fiscal years, from nVent Electric's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $364M | $410M | $344M | $336M | $344M | $373M | $395M | $528M | $643M | $465M |
| Capital spending | $74M | $32M | $40M | $39M | $40M | $40M | $40M | $66M | $74M | $93M |
| Free cash flow | $290M | $378M | $304M | $298M | $304M | $334M | $354M | $462M | $569M | $372M |
| Stock-based compensation | $13M | $15M | $13M | $16M | $14M | $17M | $23M | $22M | $27M | $38M |
| Dividends paid | $0 | $0 | $63M | $121M | $119M | $118M | $117M | $117M | $127M | $130M |
| Share buybacks (net) | $0 | $0 | -$56M | -$236M | -$43M | -$112M | -$66M | -$61M | -$100M | -$253M |
| Net borrowing | $0 | $0 | $947M | -$14M | -$18M | -$19M | $190M | $699M | $374M | -$598M |
| Free cash flow margin | 13.7% | 18.0% | 13.7% | 13.5% | 15.2% | 13.6% | 15.4% | 17.3% | 18.9% | 9.6% |
| Dividends per share | — | — | $0.35 | $0.70 | $0.70 | $0.69 | $0.70 | $0.69 | $0.75 | $0.79 |
Questions
What was nVent Electric's revenue in 2025?
$3.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does nVent Electric generate?
$372M in fiscal 2025 (operating cash flow minus capital spending).
From nVent Electric's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.