Tearsheet

nVent Electric (NVT)


Market Price (7/10/2026): $158.0 | Market Cap: $25.5 BilSector: Industrials | Industry: Electrical Components & Equipment

nVent Electric (NVT)


Market Price (7/10/2026): $158.0
Market Cap: $25.5 Bil
Sector: Industrials
Industry: Electrical Components & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 40%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%

Low stock price volatility
Vol 12M is 44%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Automation & Robotics, and Renewable Energy Transition. Themes include Data Centers & Infrastructure, Show more.

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 37x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 52x

Stock price has recently run up significantly
12M Rtn12 month market price return is 112%

Key risks
NVT key risks include [1] failing to successfully integrate strategic acquisitions as part of its growth strategy and [2] navigating adverse legal and tax impacts related to its Irish domicile and new global tax laws.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 40%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
2 Low stock price volatility
Vol 12M is 44%
3 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Automation & Robotics, and Renewable Energy Transition. Themes include Data Centers & Infrastructure, Show more.
4 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 37x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 52x
5 Stock price has recently run up significantly
12M Rtn12 month market price return is 112%
6 Key risks
NVT key risks include [1] failing to successfully integrate strategic acquisitions as part of its growth strategy and [2] navigating adverse legal and tax impacts related to its Irish domicile and new global tax laws.

NVT in ETFs

Weight = NVT's share of each fund

VTI0.04%
ITOT0.03%
IWB0.04%
IJH0.75%
VB0.34%
IJK1.4%
MDYG1.4%
NUSC1.1%
+20 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/2/2026

nVent Electric (NVT) stock has gained about 35% since 3/31/2026 because of the following key factors:

1. nVent Electric (NVT) reported a significant beat on its fiscal Q1 2026 earnings and substantially raised its full-year guidance, demonstrating strong operational performance. The company announced Q1 2026 adjusted earnings of $1.09 per share, surpassing the consensus estimate of $0.94 by 15.96%. Revenue increased 53.5% year-over-year to $1.24 billion, exceeding analysts' expectations of $1.11 billion. Following this, nVent raised its full-year 2026 sales growth guidance to a range of 26-28% (up from 15-18%) and adjusted EPS guidance to $4.45-$4.55 (up from $4.00-$4.15).

2. The company experienced robust demand driven by the expansion of data centers and artificial intelligence (AI) infrastructure. nVent's electrical connection and protection solutions are critical for data center and power utility build-outs. In fiscal Q1 2026, infrastructure sales grew nearly 80% organically, primarily propelled by data centers and power utilities. The company reported a record backlog of $2.6 billion and approximately 40% organic order growth in the same quarter, indicating sustained demand.

Show more
Updated on 7/2/2026

nVent Electric (NVT) stock has gained about 35% since 3/31/2026 because of the following key factors:

1. nVent Electric (NVT) reported a significant beat on its fiscal Q1 2026 earnings and substantially raised its full-year guidance, demonstrating strong operational performance. The company announced Q1 2026 adjusted earnings of $1.09 per share, surpassing the consensus estimate of $0.94 by 15.96%. Revenue increased 53.5% year-over-year to $1.24 billion, exceeding analysts' expectations of $1.11 billion. Following this, nVent raised its full-year 2026 sales growth guidance to a range of 26-28% (up from 15-18%) and adjusted EPS guidance to $4.45-$4.55 (up from $4.00-$4.15).

2. The company experienced robust demand driven by the expansion of data centers and artificial intelligence (AI) infrastructure. nVent's electrical connection and protection solutions are critical for data center and power utility build-outs. In fiscal Q1 2026, infrastructure sales grew nearly 80% organically, primarily propelled by data centers and power utilities. The company reported a record backlog of $2.6 billion and approximately 40% organic order growth in the same quarter, indicating sustained demand.

3. Analyst upgrades and consistently positive sentiment contributed to the stock's upward trend. Multiple investment firms issued favorable ratings and price target increases for nVent. Sanford C. Bernstein upgraded the stock to "strong-buy", and Zacks Research upgraded it from "hold" to "strong-buy". Other firms like Roth MKM, Evercore, and KeyCorp also reiterated "buy" or "outperform" ratings and raised their price targets. Melius Research initiated coverage with a "buy" rating and a $214 price target. The consensus analyst rating for nVent Electric is "Strong Buy," with an average price target of $187.67.

4. Strategic capacity expansion and a share buyback program signaled confidence in future growth. nVent is actively investing in expanding its manufacturing capacity to meet growing demand, notably with a new facility in Blaine, MN, beginning production in fiscal Q1 2026. The company plans to increase capital expenditures by 40% in 2026, reaching approximately $130 million, to support capacity and strengthen its supply chain. Additionally, nVent authorized a $500 million share buyback, reflecting management's positive outlook on the company's valuation and future prospects.

5. Insider selling activity by the CFO, while notable, did not significantly dampen the overall positive trend. On May 13, 2026, Sara E. Zawoyski, nVent's CFO, sold 29,412 shares for a total transaction amount of approximately $5.07 million. Despite this insider transaction, the stock continued its upward trajectory, likely outweighed by the strong company-specific news and positive market sentiment surrounding its performance in the data center and AI infrastructure sectors.

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Stock Movement Drivers

Fundamental Drivers

The 33.8% change in NVT stock from 3/31/2026 to 7/9/2026 was primarily driven by a 93.4% change in the company's P/E Multiple.
(LTM values as of)33120267092026Change
Stock Price ($)118.11158.0533.8%
Change Contribution By: 
Total Revenues ($ Mil)3,8934,32611.1%
Net Income Margin (%)18.2%11.4%-37.7%
P/E Multiple26.952.093.4%
Shares Outstanding (Mil)162162-0.1%
Cumulative Contribution33.8%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/9/2026
ReturnCorrelation
NVT33.8% 
Market (SPY)15.6%59.0%
Sector (XLI)12.0%58.3%

Fundamental Drivers

The 55.5% change in NVT stock from 12/31/2025 to 7/9/2026 was primarily driven by a 90.9% change in the company's P/E Multiple.
(LTM values as of)123120257092026Change
Stock Price ($)101.63158.0555.5%
Change Contribution By: 
Total Revenues ($ Mil)3,5794,32620.9%
Net Income Margin (%)16.8%11.4%-32.4%
P/E Multiple27.252.090.9%
Shares Outstanding (Mil)161162-0.3%
Cumulative Contribution55.5%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/9/2026
ReturnCorrelation
NVT55.5% 
Market (SPY)10.5%57.0%
Sector (XLI)17.1%61.5%

Fundamental Drivers

The 117.5% change in NVT stock from 6/30/2025 to 7/9/2026 was primarily driven by a 154.4% change in the company's P/E Multiple.
(LTM values as of)63020257092026Change
Stock Price ($)72.67158.05117.5%
Change Contribution By: 
Total Revenues ($ Mil)3,0834,32640.3%
Net Income Margin (%)19.1%11.4%-40.3%
P/E Multiple20.452.0154.4%
Shares Outstanding (Mil)1651622.1%
Cumulative Contribution117.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/9/2026
ReturnCorrelation
NVT117.5% 
Market (SPY)22.7%51.1%
Sector (XLI)24.0%54.5%

Fundamental Drivers

The 215.9% change in NVT stock from 6/30/2023 to 7/9/2026 was primarily driven by a 167.5% change in the company's P/E Multiple.
(LTM values as of)63020237092026Change
Stock Price ($)50.03158.05215.9%
Change Contribution By: 
Total Revenues ($ Mil)2,3414,32684.8%
Net Income Margin (%)18.2%11.4%-37.5%
P/E Multiple19.452.0167.5%
Shares Outstanding (Mil)1651622.2%
Cumulative Contribution215.9%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/9/2026
ReturnCorrelation
NVT215.9% 
Market (SPY)75.6%62.8%
Sector (XLI)75.8%65.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NVT Return67%3%56%17%51%52%624%
Peers Return69%-5%80%41%6%26%442%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
NVT Win Rate67%42%67%58%58%71% 
Peers Win Rate70%38%65%62%57%51% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
NVT Max Drawdown-12%-21%-21%-29%-40%-17% 
Peers Max Drawdown-20%-36%-25%-29%-39%-23% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: HUBB, ETN, ATKR, VRT, BDC. See NVT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/9/2026 (YTD)

How Low Can It Go

EventNVTS&P 500
2025 US Tariff Shock
  % Loss-33.3%-18.8%
  % Gain to Breakeven49.8%23.1%
  Time to Breakeven35 days79 days
2024 Yen Carry Trade Unwind
  % Loss-22.2%-7.8%
  % Gain to Breakeven28.6%8.5%
  Time to Breakeven106 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-12.9%-9.5%
  % Gain to Breakeven14.8%10.5%
  Time to Breakeven18 days24 days
2023 SVB Regional Banking Crisis
  % Loss-10.4%-6.7%
  % Gain to Breakeven11.6%7.1%
  Time to Breakeven17 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-20.2%-24.5%
  % Gain to Breakeven25.3%32.4%
  Time to Breakeven110 days427 days
2020 COVID-19 Crash
  % Loss-55.8%-33.7%
  % Gain to Breakeven126.2%50.9%
  Time to Breakeven348 days140 days

Compare to HUBB, ETN, ATKR, VRT, BDC

In The Past

nVent Electric's stock fell -33.3% during the 2025 US Tariff Shock. Such a loss loss requires a 49.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventNVTS&P 500
2025 US Tariff Shock
  % Loss-33.3%-18.8%
  % Gain to Breakeven49.8%23.1%
  Time to Breakeven35 days79 days
2024 Yen Carry Trade Unwind
  % Loss-22.2%-7.8%
  % Gain to Breakeven28.6%8.5%
  Time to Breakeven106 days18 days
2022 Inflation Shock & Fed Tightening
  % Loss-20.2%-24.5%
  % Gain to Breakeven25.3%32.4%
  Time to Breakeven110 days427 days
2020 COVID-19 Crash
  % Loss-55.8%-33.7%
  % Gain to Breakeven126.2%50.9%
  Time to Breakeven348 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-25.0%-19.2%
  % Gain to Breakeven33.3%23.8%
  Time to Breakeven53 days105 days

Compare to HUBB, ETN, ATKR, VRT, BDC

In The Past

nVent Electric's stock fell -33.3% during the 2025 US Tariff Shock. Such a loss loss requires a 49.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About nVent Electric (NVT)

nVent Electric (NVT) is a global company specializing in the design, manufacture, and servicing of electrical connection and protection products. The company's core mission is to safeguard critical electronics, communication, control, and power equipment, as well as physical infrastructure and people, across diverse environments. nVent operates through three primary segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management, providing essential components for robust and reliable electrical systems.

The Enclosures segment offers physical infrastructure solutions such as metallic and non-metallic enclosures, cabinets, and racks designed to protect sensitive electronics and network equipment in industrial, commercial, and data center settings. The Electrical & Fastening Solutions segment provides engineered products and fastening systems crucial for connecting and protecting electrical and mechanical systems, including civil structures. Meanwhile, the Thermal Management segment delivers electric heating solutions, including heat tracing, floor heating, and snow melting systems, essential for temperature maintenance, freeze protection, and safety in buildings, infrastructure, and industrial processes. Products are sold under well-known brands like CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER.

nVent serves a wide array of end markets, including the energy, industrial, infrastructure, commercial, and residential sectors. Its products are vital for applications in manufacturing facilities, data centers, commercial buildings, and critical infrastructure projects. The company distributes its solutions through a network of electrical distributors, data center contractors, original equipment manufacturers, and maintenance contractors.

AI Analysis | Feedback

Here are 1-2 brief analogies for nVent Electric:

  • They're like **Johnson Controls or Siemens for the protective enclosures, connections, and thermal management systems within industrial facilities and data centers.**
  • Think of them as a **specialized Eaton or Schneider Electric, focusing on the physical protection and reliable connections for electrical and data infrastructure.**

AI Analysis | Feedback

  • Enclosures: Solutions including metallic and non-metallic enclosures, cabinets, sub racks, and backplanes designed to connect and protect critical electronics, communication, control, and power equipment.
  • Electrical & Fastening Solutions: Engineered products providing fastening solutions for electrical and mechanical systems, as well as civil structures.
  • Thermal Management Systems: Electric thermal solutions comprising heat tracing, floor heating, fire-rated and specialty wiring, sensing, and snow melting/de-icing solutions.

AI Analysis | Feedback

nVent Electric (NVT) primarily sells its products to other companies rather than directly to individuals. While the provided background description identifies the types of business entities and sectors that constitute its major customers and sales channels, it does not list specific names of customer companies or their public symbols.

Based on the company description, nVent Electric's major customers and sales channels include the following categories of businesses:

  • Electrical Distributors: These companies act as intermediaries, marketing and selling nVent's electrical connection and protection products to various end-users.
  • Data Center Contractors: Businesses involved in the design, installation, and maintenance of data centers, utilizing nVent's solutions for critical electronics and network equipment.
  • Original Equipment Manufacturers (OEMs): Companies that integrate nVent's specialized components, such as enclosures and fastening solutions, into their own manufactured products.
  • Maintenance Contractors: Firms that provide maintenance and repair services for electrical and mechanical systems and civil structures, using nVent's products for these applications.

nVent Electric's products also serve a broad range of companies within the following sectors:

  • Energy sector
  • Industrial sector
  • Infrastructure sector
  • Commercial and Residential sectors (likely through contractors and builders serving these markets)

AI Analysis | Feedback

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AI Analysis | Feedback

Beth Wozniak, Chair and Chief Executive Officer

Beth Wozniak was appointed CEO in April 2018, prior to nVent's separation from Pentair. She became Chair in 2023. Before leading nVent, she served as Pentair's Senior Vice President and President of its Electrical segment, and President of its Flow & Filtration Solutions global business unit. Her career also includes various leadership and program management positions at Honeywell and its predecessor AlliedSignal, where she was President of Honeywell's Environmental and Combustion Controls business, President of Sensing and Control business, and held executive roles in Business Integration, Six Sigma, and Engineering and Program Management. Wozniak has driven nVent's portfolio transformation, including the acquisition of Trachte and the sale of the Thermal Management business, to focus on higher-growth electrical connection and protection. She holds a Bachelor of Engineering from McMaster University and an MBA from York University.

Gary Corona, Executive Vice President and Chief Financial Officer (effective March 31, 2025)

Gary Corona will join nVent as Executive Vice President and Chief Financial Officer, effective March 31, 2025. He brings extensive financial expertise, having previously served as Senior Vice President, Corporate Finance of Medtronic plc, where he was also interim Chief Financial Officer from August 2024 to March 2025. Prior to Medtronic, Mr. Corona spent 26 years at General Mills, Inc., holding various finance roles of increasing responsibility.

Sara Zawoyski, President of Systems Protection (effective March 31, 2025)

Sara Zawoyski will transition from her role as Executive Vice President and Chief Financial Officer to President of Systems Protection, effective March 31, 2025. She has served as nVent's Executive Vice President and Chief Financial Officer since 2019 and as interim President of Systems Protection since June 2024.

Robert van der Kolk, President of EMEA and APAC (effective March 17, 2025)

Robert van der Kolk is appointed to the newly created role of President of EMEA and APAC, effective March 17, 2025. Previously, he served as nVent's President of Electrical Connections. His new role will focus on strengthening customer and partner relationships and enhancing commercial growth in the EMEA and APAC regions.

Brian Coleman, President of Electrical Connections (effective March 17, 2025)

Brian Coleman will join nVent as President of Electrical Connections, effective March 17, 2025. Prior to nVent, he spent fourteen years with 3M, where he most recently served as President & General Manager of the Automotive and Aerospace Solutions Division. During his tenure at 3M, he also led various businesses across industrial, safety, automotive, retail, and aftermarket segments, and held roles in sustainability and corporate strategy. He holds an MBA from the University of Michigan.

AI Analysis | Feedback

The key risks to nVent Electric's business are:

  • Dependence on AI and Data Center Demand: nVent Electric's strategic focus and increasing exposure to the data center vertical, particularly with AI-driven buildouts, present a significant risk. A potential slowdown in AI data center spending or large customers developing in-house solutions could negatively impact orders, revenue, and pricing power.
  • Economic Sensitivity and Cyclical Nature of Industries: The company's business is susceptible to global economic conditions, including recessions, inflation, and political instability, which can lead to reduced customer confidence and spending. The cyclical nature of the industrial, infrastructure, commercial, and residential sectors that nVent serves amplifies this threat.
  • Tariffs and Supply Chain Disruptions: nVent faces ongoing challenges from tariffs, which can put pressure on its margins and overall profitability. Persistent or escalating trade tensions, as well as new supply chain disruptions, could further dent near-term margins and impact the company's competitive position.

AI Analysis | Feedback

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AI Analysis | Feedback

nVent Electric plc operates in several key markets, with its Enclosures segment having clearly defined addressable market sizes. The company's Thermal Management business, which was previously a significant segment, was divested in early 2025.

Enclosures

The global electrical enclosure market, where nVent's Enclosures segment (including brands like HOFFMAN and SCHROFF) is a key player, was valued at approximately USD 7.7 billion in 2024. This market is projected to grow to USD 13.6 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 5.90% from 2025 to 2033. Another estimate places the global electrical enclosure market size at USD 8.98 billion in 2025, reaching an estimated USD 16.95 billion by 2035, with a CAGR of 6.56% from 2026 to 2035.

In the United States, the electrical enclosure market was valued at approximately USD 2.87 billion in 2025. Asia Pacific held the largest share of the global electrical enclosure market in 2024, accounting for 36%.

Thermal Management

nVent Electric plc sold its Thermal Management business, which included the RAYCHEM and TRACER brands, to Brookfield Asset Management for $1.7 billion in cash. This segment reported sales of $595 million worldwide in 2023.

Electrical & Fastening Solutions

While a specific overall addressable market size for nVent's Electrical & Fastening Solutions segment (which includes brands like CADDY and ERICO) was not identified, the company has a strong presence in related growth areas. Notably, nVent's sales within the data center market, a significant driver for its electrical connection and protection solutions, reached $1 billion in 2025, an increase from $600 million in 2024. This growth is attributed to the expansion of AI infrastructure and liquid cooling solutions. Additionally, significant investments are expected in the North American Transmission & Distribution (T&D) grid, trending towards hundreds of billions of dollars through 2030, which represents a large addressable market for electrical infrastructure products that nVent serves.

AI Analysis | Feedback

nVent Electric (NVT) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  1. Leveraging Electrification, Sustainability, and Digitalization Trends: nVent anticipates that the broad secular trends of electrification, sustainability, and digitalization will continue to fuel demand for its products and solutions across various sectors. These trends are consistently highlighted in the company's forward guidance as significant demand drivers.
  2. Growth in High-Growth Verticals, notably Data Centers and Power Utilities: The company sees substantial opportunities in high-growth verticals, with a particular emphasis on data centers and power utilities. Data center expansion, driven by artificial intelligence (AI) build-out and increasing adoption of liquid cooling solutions, is a strong contributor to revenue. Power utilities, along with renewables and energy storage, are also expected to experience significant growth due to increasing power demand.
  3. New Product Innovation and Launches: nVent consistently invests in and introduces new products, which are reported to contribute to sales growth. The company has a focus on innovation, with new products playing a vital role in its growth strategy.
  4. Strategic Acquisitions: Acquisitions are a stated part of nVent's growth strategy, contributing meaningfully to sales and expanding its platform. Recent acquisitions, such as Trachte, are expected to further position nVent in key market areas.
  5. Geographic Expansion, particularly in North America: While global expansion is a general objective, North America has consistently been identified as a leading region for organic sales growth for nVent. The company expects continued strength and growth in this geographic market.

AI Analysis | Feedback

Share Repurchases

  • In May 2024, nVent Electric plc's Board of Directors approved a 3-year share repurchase program authorizing the company to repurchase up to $500 million of its shares, commencing July 23, 2024.
  • During 2024, the company returned $227 million to shareholders, which included $100 million in share repurchases.
  • In the first half of 2025, nVent repurchased 4.8 million shares for a total of $253 million, and for the full year 2025, share repurchases amounted to $253 million out of $383 million returned to shareholders.

Share Issuance

  • nVent Electric plc has not had significant share issuances over the last 3-5 years, with the number of shares outstanding generally declining from 0.168 billion in 2023 to 0.165 billion in 2025, primarily due to share repurchase programs.

Outbound Investments

  • In June 2024, nVent acquired Trachte, LLC for $695 million, a move aimed at enhancing its enclosures portfolio, particularly in high-growth sectors such as power utilities, data centers, and renewable energy.
  • In May 2023, the company acquired ECM Industries for approximately $1.1 billion, which significantly contributed to its earnings and expanded its electrical power connection and grounding solutions portfolio.
  • In March 2025, nVent entered into a definitive agreement to acquire the Electrical Products Group (EPG) business of Avail Infrastructure Solutions for $975 million, further solidifying its presence in key infrastructure verticals like power utilities and data centers. The company also divested its Thermal Management business for $1.7 billion (net proceeds of $1.4 billion) in early 2025 to focus on its core electrical connection and protection solutions.

Capital Expenditures

  • In 2024, nVent invested $74 million in capital expenditures, representing a 13% increase, primarily focused on expanding its liquid cooling capacity for data solutions.
  • For 2025, capital expenditures increased to $93 million, up 26%, with a primary focus on new capacity to support growth in data centers and power utilities.
  • The company initially projected CapEx for 2025 to be in the range of $75 million to $80 million, later raising it to approximately $100 million in Q1 2025 to expand Data Solutions and strengthen the supply chain, and further to $110 million for the full year in Q2 2025.

Better Bets vs. nVent Electric (NVT)

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Peer Comparisons

Peers to compare with:

Financials

NVTHUBBETNATKRVRTBDCMedian
NamenVent El.Hubbell Eaton Atkore Vertiv Belden  
Mkt Price158.05485.41405.8370.60323.92107.99240.99
Mkt Cap25.625.8157.52.4124.04.225.7
Rev LTM4,3265,99628,5222,87410,8432,7875,161
Op Inc LTM6821,2425,1811362,035321962
FCF LTM3829093,7761452,276180646
FCF 3Y Avg4677893,3483001,476209628
CFO LTM4901,0794,7412152,577329785
CFO 3Y Avg5519584,1984431,686347754

Growth & Margins

NVTHUBBETNATKRVRTBDCMedian
NamenVent El.Hubbell Eaton Atkore Vertiv Belden  
Rev Chg LTM40.3%7.2%12.7%-3.4%29.0%9.3%11.0%
Rev Chg 3Y Avg23.6%5.7%10.1%-9.0%21.6%2.2%7.9%
Rev Chg Q53.5%11.1%16.8%4.2%30.1%11.4%14.1%
QoQ Delta Rev Chg LTM11.1%2.6%3.9%1.0%6.0%2.6%3.3%
Op Inc Chg LTM30.0%12.0%7.3%-67.2%38.4%12.2%12.1%
Op Inc Chg 3Y Avg27.6%15.2%18.0%-48.1%73.8%-0.7%16.6%
Op Mgn LTM15.8%20.7%18.2%4.7%18.8%11.5%17.0%
Op Mgn 3Y Avg16.9%19.6%18.2%13.9%16.7%11.4%16.8%
QoQ Delta Op Mgn LTM-0.1%0.0%-0.8%-1.9%0.2%-0.1%-0.1%
CFO/Rev LTM11.3%18.0%16.6%7.5%23.8%11.8%14.2%
CFO/Rev 3Y Avg16.6%16.8%16.2%14.1%18.6%13.5%16.4%
FCF/Rev LTM8.8%15.2%13.2%5.0%21.0%6.5%11.0%
FCF/Rev 3Y Avg14.2%13.8%12.9%9.6%16.2%8.2%13.4%

Valuation

NVTHUBBETNATKRVRTBDCMedian
NamenVent El.Hubbell Eaton Atkore Vertiv Belden  
Mkt Cap25.625.8157.52.4124.04.225.7
P/S5.94.35.50.811.41.54.9
P/Op Inc37.420.730.417.560.913.125.6
P/EBIT37.021.230.4-19.362.913.225.8
P/E52.028.539.5-19.879.617.734.0
P/CFO52.123.933.211.148.112.728.6
Total Yield2.2%4.6%2.5%-3.2%1.3%5.7%2.4%
Dividend Yield0.3%1.1%0.0%1.9%0.1%0.1%0.2%
FCF Yield 3Y Avg4.0%3.6%2.7%9.8%3.3%5.2%3.8%
D/E0.10.10.10.40.00.30.1
Net D/E0.10.10.10.20.00.30.1

Returns

NVTHUBBETNATKRVRTBDCMedian
NamenVent El.Hubbell Eaton Atkore Vertiv Belden  
1M Rtn-3.5%-0.2%1.0%-12.6%11.9%-1.9%-1.1%
3M Rtn23.1%-8.9%1.6%4.5%12.6%-15.6%3.1%
6M Rtn54.4%5.9%27.3%5.0%101.6%-6.0%16.6%
12M Rtn111.8%17.6%14.1%-4.5%152.6%-11.3%15.9%
3Y Rtn215.0%50.5%107.8%-51.2%1,180.9%12.0%79.1%
1M Excs Rtn-5.4%-1.8%-1.2%-13.7%5.9%-2.0%-1.9%
3M Excs Rtn13.3%-18.9%-5.7%-3.6%4.1%-23.8%-4.6%
6M Excs Rtn35.4%-6.4%14.0%-5.0%76.6%-15.9%4.5%
12M Excs Rtn93.5%-2.1%-6.2%-25.6%136.4%-31.3%-4.1%
3Y Excs Rtn148.3%-15.9%41.0%-121.7%1,137.8%-56.5%12.5%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Systems Protection2,5931,8231,6061,5041,245
Electrical Connections1,3001,1831,063791658
Enterprise and other   0 
Thermal Management   614560
Total3,8933,0062,6692,9092,462


Operating Income by Segment
$ Mil20252024202320222021
Systems Protection537403347256202
Electrical Connections373354331220182
Impairment of equity investments0-90  
Inventory step-up amortization00-180 
Restructuring and other-8-8-4-12-9
Acquisition transaction and integration costs-14-14-13-1-4
Enterprise and other-124-106-111-93-69
Intangible amortization-147-95-70-71-68
Thermal Management   141121
Total617527463440355


Assets by Segment
$ Mil20252024202320222021
Systems Protection3,3422,1291,3221,2071,193
Electrical Connections3,2813,1553,2422,1012,122
Enterprise and other2291,4511,59833784
Thermal Management   1,2581,275
Total6,8526,7356,1624,9024,674


Price Behavior

Price Behavior
Market Price$158.05 
Market Cap ($ Bil)25.6 
First Trading Date04/17/2018 
Distance from 52W High-14.3% 
   50 Days200 Days
DMA Price$164.74$124.07
DMA Trendupup
Distance from DMA-4.1%27.4%
 3M1YR
Volatility50.6%43.7%
Downside Capture274.95187.49
Upside Capture250.02234.41
Correlation (SPY)55.8%51.0%
NVT Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta2.182.232.061.911.751.64
Up Beta0.810.231.531.191.341.62
Down Beta3.362.352.542.081.451.61
Up Capture262%359%285%371%461%805%
Bmk +ve Days11244067140429
Stock +ve Days13264075142408
Down Capture188%234%195%153%142%110%
Bmk -ve Days10172358112321
Stock -ve Days8152350109337

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NVT
NVT115.4%43.7%1.87-
Sector ETF (XLI)23.0%16.7%1.0754.5%
Equity (SPY)22.3%12.5%1.3350.9%
Gold (GLD)24.4%27.8%0.7721.6%
Commodities (DBC)23.6%18.7%1.00-9.4%
Real Estate (VNQ)13.2%13.9%0.652.9%
Bitcoin (BTCUSD)-42.8%42.8%-1.1825.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NVT
NVT40.4%36.6%1.01-
Sector ETF (XLI)13.7%17.6%0.6168.5%
Equity (SPY)13.4%17.1%0.6163.2%
Gold (GLD)18.0%18.3%0.809.1%
Commodities (DBC)7.5%19.5%0.2812.8%
Real Estate (VNQ)2.9%18.9%0.0636.3%
Bitcoin (BTCUSD)12.3%53.5%0.4224.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NVT
NVT22.1%38.7%0.75-
Sector ETF (XLI)14.8%20.0%0.6572.3%
Equity (SPY)15.8%17.9%0.7565.8%
Gold (GLD)11.7%16.1%0.595.4%
Commodities (DBC)6.1%18.0%0.2725.1%
Real Estate (VNQ)5.2%20.7%0.2249.2%
Bitcoin (BTCUSD)58.0%66.2%0.9819.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity5.5 Mil
Short Interest: % Change Since 531202613.4%
Average Daily Volume1.9 Mil
Days-to-Cover Short Interest2.9 days
Basic Shares Quantity161.7 Mil
Short % of Basic Shares3.4%

Earnings Returns History

Updated 6/4/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/1/202611.2%16.7%20.0%
2/6/2026-1.1%-1.7%-5.0%
10/31/20259.6%5.4%1.0%
8/1/202514.6%13.6%15.3%
5/2/20255.7%7.7%14.6%
2/6/20253.5%6.2%-13.4%
11/1/2024-8.4%4.3%3.9%
8/6/2024-2.5%0.3%0.4%
...
SUMMARY STATS   
# Positive151921
# Negative953
Median Positive5.7%5.6%10.0%
Median Negative-2.0%-1.7%-5.0%
Max Positive14.6%16.7%28.1%
Max Negative-8.4%-6.8%-13.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/1/202611.2%16.7%20.0%
2/6/2026-1.1%-1.7%-5.0%
10/31/20259.6%5.4%1.0%
8/1/202514.6%13.6%15.3%
5/2/20255.7%7.7%14.6%
2/6/20253.5%6.2%-13.4%
11/1/2024-8.4%4.3%3.9%
8/6/2024-2.5%0.3%0.4%
5/3/20245.5%14.1%10.5%
2/6/2024-1.9%1.2%10.0%
10/27/2023-2.0%5.6%16.0%
7/28/20231.7%5.4%1.6%
4/28/2023-4.3%-6.8%2.1%
2/7/20237.4%12.1%14.0%
10/28/20226.8%6.2%15.0%
7/29/20221.0%-0.9%-2.8%
4/29/2022-2.0%0.2%3.9%
2/8/20220.6%-2.5%0.3%
10/28/20216.7%16.4%12.3%
8/3/20216.6%4.1%8.7%
4/29/20210.9%2.9%7.2%
2/9/2021-2.9%1.1%20.8%
10/30/20200.6%6.7%28.1%
7/31/2020-1.6%-0.8%6.0%
SUMMARY STATS   
# Positive151921
# Negative953
Median Positive5.7%5.6%10.0%
Median Negative-2.0%-1.7%-5.0%
Max Positive14.6%16.7%28.1%
Max Negative-8.4%-6.8%-13.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/01/202610-Q
12/31/202502/17/202610-K
09/30/202510/31/202510-Q
06/30/202508/01/202510-Q
03/31/202505/02/202510-Q
12/31/202402/18/202510-K
09/30/202411/01/202410-Q
06/30/202408/06/202410-Q
03/31/202405/03/202410-Q
12/31/202302/20/202410-K
09/30/202310/27/202310-Q
06/30/202307/28/202310-Q
03/31/202304/28/202310-Q
12/31/202202/28/202310-K
09/30/202210/28/202210-Q
06/30/202207/29/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/01/202610-Q
12/31/202502/17/202610-K
09/30/202510/31/202510-Q
06/30/202508/01/202510-Q
03/31/202505/02/202510-Q
12/31/202402/18/202510-K
09/30/202411/01/202410-Q
06/30/202408/06/202410-Q
03/31/202405/03/202410-Q
12/31/202302/20/202410-K
09/30/202310/27/202310-Q
06/30/202307/28/202310-Q
03/31/202304/28/202310-Q
12/31/202202/28/202310-K
09/30/202210/28/202210-Q
06/30/202207/29/202210-Q
03/31/202204/29/202210-Q
12/31/202102/25/202210-K
09/30/202110/28/202110-Q
06/30/202108/03/202110-Q
03/31/202104/29/202110-Q
12/31/202002/23/202110-K
09/30/202010/30/202010-Q
06/30/202007/31/202010-Q
03/31/202004/29/202010-Q
12/31/201902/25/202010-K
09/30/201910/30/201910-Q
06/30/201908/01/201910-Q

Recent Forward Guidance

Updated 7/8/2026

Latest: Q1 2026 Earnings Reported 5/1/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Reported Sales Growth28.0%29.0%30.0% -6.0%Lower NewGuidance: 35.0% for Q1 2026
Q2 2026 Organic Sales Growth23.0%24.0%25.0% 6.0%Higher NewGuidance: 18.0% for Q1 2026
Q2 2026 GAAP EPS0.930.940.9632.2% Higher NewGuidance: 0.71 for Q1 2026
Q2 2026 Adjusted EPS1.121.141.1524.0% Higher NewGuidance: 0.92 for Q1 2026
Q2 2026 Net Income 155.00 Mil    
Q2 2026 Adjusted Net Income 187.00 Mil    
2026 Reported Sales Growth26.0%27.0%28.0% 10.5%RaisedGuidance: 16.5% for 2026
2026 Organic Sales Growth21.0%22.0%23.0% 10.5%RaisedGuidance: 11.5% for 2026
2026 GAAP EPS3.683.733.7811.5% RaisedGuidance: 3.35 for 2026
2026 Adjusted EPS4.454.54.5510.4% RaisedGuidance: 4.08 for 2026
2026 Net Income 613.00 Mil    
2026 Adjusted Net Income 740.00 Mil    

Prior: Q4 2025 Earnings Reported 2/6/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Reported Sales Growth34.0%35.0%36.0% 3.0%Higher NewGuidance: 32.0% for Q4 2025
Q1 2026 Organic Sales Growth17.0%18.0%19.0% 2.0%Higher NewGuidance: 16.0% for Q4 2025
Q1 2026 EPS0.70.710.735.1% Higher NewGuidance: 0.68 for Q4 2025
Q1 2026 Adjusted EPS0.90.920.934.0% Higher NewGuidance: 0.88 for Q4 2025
2026 Reported Sales Growth15.0%16.5%18.0% -11.0%Lower NewGuidance: 27.5% for 2025
2026 Organic Sales Growth10.0%11.5%13.0% 1.0%Higher NewGuidance: 10.5% for 2025
2026 EPS3.273.353.4229.7% Higher NewGuidance: 2.58 for 2025
2026 Adjusted EPS44.084.1522.7% Higher NewGuidance: 3.32 for 2025

Q3 2025 Earnings Reported 10/31/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Reported Sales Growth31.0%32.0%33.0%   
Q4 2025 Organic Sales Growth15.0%16.0%17.0%   
Q4 2025 GAAP EPS0.670.680.69   
Q4 2025 Adjusted EPS0.870.880.89   
2025 Reported Sales Growth27.0%27.5%28.0% 2.5%RaisedGuidance: 25.0% for 2025
2025 Organic Sales Growth10.0%10.5%11.0% 1.5%RaisedGuidance: 9.0% for 2025
2025 GAAP EPS2.572.582.592.4% RaisedGuidance: 2.52 for 2025
2025 Adjusted EPS3.313.323.331.8% RaisedGuidance: 3.26 for 2025

Insider Activity

Updated 6/11/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Zawoyski, Sara EPresident-Systems ProtectionDirectSell5142026172.4929,4125,073,29216,743,327Form
2Padmanabhan, AravindEVP & Chief Technology OfficerDirectSell5122026174.0015,9422,773,9084,044,322Form
3Bennett, Martha ClaireEVP & Chief Marketing OfficerDirectSell5122026170.003,778642,26038,212Form
4Heath, Lynnette REVP & Chief HR OfficerDirectSell5072026167.5927,4714,603,7356,215,571Form
5Wacker, Randolph ASVP & Chief Accounting OfficerDirectSell5052026165.574,094677,8418,257,494Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Zawoyski, Sara EPresident-Systems ProtectionDirectSell5142026172.4929,4125,073,29216,743,327Form
2Padmanabhan, AravindEVP & Chief Technology OfficerDirectSell5122026174.0015,9422,773,9084,044,322Form
3Bennett, Martha ClaireEVP & Chief Marketing OfficerDirectSell5122026170.003,778642,26038,212Form
4Heath, Lynnette REVP & Chief HR OfficerDirectSell5072026167.5927,4714,603,7356,215,571Form
5Wacker, Randolph ASVP & Chief Accounting OfficerDirectSell5052026165.574,094677,8418,257,494Form
6Wozniak, BethChair & CEODirectSell2122026116.477,597884,8236,171,730Form
7Cameron, Susan M DirectSell2122026114.525,000572,6001,535,141Form
8Burris, Jerry W DirectSell2092026112.275,244588,7445,206,072Form
9Leopold, Diane DirectBuy116202689.852,000179,703179,703Form
10Scheu, Greg DirectSell11252025104.045,591581,6881,492,766Form
11Wozniak, BethChair & CEODirectSell11212025110.354,137456,5015,294,822Form
12Wacker, Randolph ASVP & Chief Accounting OfficerDirectSell11072025110.085,000550,4002,906,072Form
13Zawoyski, Sara EPresident-Systems ProtectionDirectSell11072025112.78115,55713,032,0597,519,948Form
14Heath, Lynnette REVP & Chief HR OfficerDirectSell11052025113.0432,9433,723,9313,454,756Form
15Wozniak, BethChair & CEODirectSell820202589.2142,3313,776,3494,388,764Form
16Padmanabhan, AravindEVP & Chief Technology OfficerDirectSell813202590.0024,5342,208,0601,085,625Form
17Wacker, Randolph ASVP & Chief Accounting OfficerDirectSell808202589.093,000267,2702,452,177Form
18Zawoyski, Sara EPresident-Systems ProtectionDirectSell806202589.5422,1091,979,5665,966,711Form
19Heath, Lynnette REVP & Chief HR OfficerDirectSell806202589.3317,8531,594,7322,725,497Form
20Lammers, Jon DEVP, Gen. Counsel & SecretaryDirectSell806202589.48119,69410,709,8476,336,485Form
21Parker, Herbert K DirectSell806202589.8820,5971,851,3531,354,561Form
22Van, Der Kolk Robert JPresident of EMEA and APACDirectSell806202589.1410,993979,9113,634,413Form
Core Cache Last Updated: 7/9/2026