Feed / NVT

nVent Electric plc

NVT

Industrials · 170.09 +2.4% today

Isolated · not yet confirmedMarket checked 5 Oct, 10:55 GMT-4

Market read

nVent Electric plc's current read is isolated; its market group is not confirming.

The latest filing is mixed. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.

What changed
  • Revenue increased 53.5% versus the comparable filing period.
  • Net income decreased 60.5% versus the comparable filing period.
Company+2.4% todayVolume comparison unavailable
Market group0 of 17 activeIndustrial-Tech Mix · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
  • NVT's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if NVT's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Electrical Equipment & Parts

The latest filing is mixed. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 53.5% versus the comparable filing period.
Evidence that challenges
  • Net income decreased 60.5% versus the comparable filing period.
  • Gross margin fell 2.9 percentage points.
  • Net margin fell 33.1 percentage points.
What would clarify the read
  • NVT's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Oct 5, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations343
Usable filing statements56
Verified relationships4
Evidence supporting the case
  • Latest annual revenue changed +29.5% year over year.
  • Net margin changed +7.2 percentage points in the latest annual period.
  • Demand and volume has repeated favorable evidence across 4 filings.
  • Macroeconomic conditions has repeated favorable evidence across 4 filings.
  • Supply chain and availability has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Operating margin changed -1.7 percentage points in the latest annual period.
Questions before a position
  • P/E is 48% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 117% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Oct 2, 2026

169.60
6m+43.8%12m+69.4%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$2.5B+23.2%$1.61+0.1%
2022-12-31$2.3B-6.8%$2.38-0.8%
2023-12-31$2.7B+16.3%$3.37-0.1%
2024-12-31$3.0B+12.6%$1.97+0.0%
2025-12-31$3.9B+29.5%$4.31-2.1%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 4 filings
“Our debt agreements contain certain financial covenants, the most restrictive of which are in the Senior Credit Facilities, including that we may not permit (i) the ratio of our consolidated debt (net of our consolidated unrestricted cash in excess of $5.0 mi…”
10-Q · May 1, 2026 ↗
Demand and volumepositive · 4 filings
“We experience seasonal cash flows primarily due to increased demand for Electrical Connections products during the spring and summer months in the Northern Hemisphere.”
10-Q · May 1, 2026 ↗
Input and raw-material costsmixed · 4 filings
“26 This increase was partially offset by: • inflationary increases, including the impacts related to tariffs, primarily related to labor costs and raw materials, compared to 2025; • investments in capacity, new products and digital to drive growth; and • unfa…”
10-Q · May 1, 2026 ↗
Labor availability and costsmixed · 4 filings
“26 This increase was partially offset by: • inflationary increases, including the impacts related to tariffs, primarily related to labor costs and raw materials, compared to 2025; • investments in capacity, new products and digital to drive growth; and • unfa…”
10-Q · May 1, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 7.2× · EV/sales 7.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

170.09+2.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 5 Oct, 10:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for NVT. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

The latest filing presents a mixed picture

10-Q filed 2026-05-01 against the comparable filing from 2025-05-02.

mixed
OperationsmixedEvidence score +1
liquidityneutralEvidence score 0
valuationmixed

What improved

  • Revenue increased 53.5% versus the comparable filing period.

What weakened

  • Net income decreased 60.5% versus the comparable filing period.
  • Gross margin fell 2.9 percentage points.
  • Net margin fell 33.1 percentage points.

Filing receipts

“We experience seasonal cash flows primarily due to increased demand for Electrical Connections products during the spring and summer months in the Northern Hemisphere.”

“This decrease was partially offset by: • higher sales volume resulting in increased leverage on fixed expenses; and • increased productivity as a result of supply chain management and manufacturing efficiencies.”

“26 This increase was partially offset by: • inflationary increases, including the impacts related to tariffs, primarily related to labor costs and raw materials, compared to 2025; • investments in capacity, new products and digital to drive growth; and • unfavorable product mix.”

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind NVT

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

BAMBrookfield Asset Management Ltd.investeeOct 31, 2025 ▾

“27 On January 30, 2025, we completed the sale of Thermal Management business to BCP VI Summit Holdings LP (as assignee of BCP Acquisitions LLC), an affiliate of funds managed by Brookfield Asset Management, for $1.59 billion in net cash proceeds, subject to c…”

BAMBrookfield Asset Management Ltd.partnerFeb 17, 2026 ▾

“In 2025, we completed the sale of the Thermal Management business to BCP VI Summit Holdings LP (as assignee of BCP Acquisitions LLC), an affiliate of funds managed by Brookfield Asset Management, for $1.6 billion in net cash proceeds, subject to certain custo…”

SNIRFFiling-linked namepartnerAug 1, 2025 ▾

“Senior credit facilities In September 2021, nVent and its subsidiaries nVent Finance and Hoffman Schroff Holdings, Inc.”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

NVT is currently a Participant in the organic co-movement group Industrial-Tech Mix. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for NVT; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.