nVent Electric plc (NVT) 10-Year Financial Performance & Capital Metrics

NVT • • Industrial / General

IndustrialsElectrical EquipmentElectrical Infrastructure ProductsElectrical Enclosures & Protection

AboutnVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products worldwide. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; and indoor and outdoor protection for test and measurement and aerospace and defense applications in industrial, infrastructure, commercial, and energy verticals. Its products also include metallic and non-metallic enclosures, cabinets, sub racks, and backplanes. The Electrical & Fastening Solutions segment offers fastening solutions to connect and protect electrical and mechanical systems, and civil structures. It also provides engineered electrical and fastening products. The Thermal Management segment offers electric thermal solutions that connect and protect buildings, infrastructure, industrial processes, and people. This segment provides thermal management systems comprising heat tracing, floor heating, fire-rated and specialty wiring, sensing, and snow melting and de-icing solutions. The company sells its products under the CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER brands. nVent Electric plc markets its products through electrical distributors, data center contractors, original equipment manufacturers, and maintenance contractors. It serves the energy, industrial, infrastructure, and commercial and residential sectors. The company was founded in 1903 and is based in London, the United Kingdom.Show more

Revenue $3.01B +12.6%
EBITDA $673M +16.9%
Net Income $332M -41.5%
EPS (Diluted) 1.97 -41.5%
Gross Margin 40.22% -0.2%
EBITDA Margin 22.39% +3.8%
Operating Margin 17.53% +1.1%
Net Margin 11.04% -48.1%
ROE 10.4% -46.1%
ROIC 7.74% -5.9%
Debt/Equity 0.70 +16.8%
Interest Coverage 4.97 -14.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 18.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 15.0%
✓Healthy 5Y average net margin of 11.7%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y6.4%

3Y6.88%

TTM21.54%

Profit (Net Income) CAGR

10Y-

5Y8.3%

3Y6.73%

TTM4.53%

EPS CAGR

10Y-

5Y8.84%

3Y6.96%

TTM6.57%

ROCE

10Y Avg7.33%

5Y Avg7.24%

3Y Avg8.76%

Latest9.28%

Peer Comparison

Electrical Enclosures & Protection

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RFILRF Industries, Ltd.	94.71M	8.84	884	24.25%	-0.44%	-0.97%	4.59%	0.76
NVTnVent Electric plc	17.42B	107.98	54.81	12.63%	16.83%	16.59%	3.27%	0.70
KEKimball Electronics, Inc.	763.74M	31.38	46.15	-13.29%	1.62%	4.14%	19.67%	0.26
HUBBHubbell Incorporated	25.73B	484.11	33.69	4.76%	15.24%	23.39%	3.15%	0.52
CCTGCCSC Technology International Holdings Limited Ordinary Shares	3.96M	0.12	-0.97	19.55%	-11.73%	-25.59%		0.12
SKYXSKYX Platforms Corp.	276.64M	2.39	-6.64	46.76%	-39.12%	-30.58%		4.35
ATKRAtkore Inc.	2.39B	70.84	-157.42	-10.98%	-0.53%	-1.09%	12.37%	0.66

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.81B	2.12B	2.1B	2.21B	2.2B	2B	2.46B	2.3B	2.67B	3.01B
Revenue Growth %	-	0.17%	-0.01%	0.06%	-0%	-0.09%	0.23%	-0.07%	0.16%	0.13%
Cost of Goods Sold+	1.14B	1.28B	1.26B	1.34B	1.34B	1.25B	1.52B	1.47B	1.59B	1.8B
COGS % of Revenue	0.63%	0.61%	0.6%	0.6%	0.61%	0.63%	0.62%	0.64%	0.6%	0.6%
Gross Profit+	670.1M	835.8M	841.9M	876.1M	865.8M	749.4M	941.9M	822.9M	1.08B	1.21B
Gross Margin %	0.37%	0.39%	0.4%	0.4%	0.39%	0.37%	0.38%	0.36%	0.4%	0.4%
Gross Profit Growth %	-	0.25%	0.01%	0.04%	-0.01%	-0.13%	0.26%	-0.13%	0.31%	0.12%
Operating Expenses+	403.1M	503M	525.8M	565.3M	532.7M	711M	586.5M	513.9M	612.5M	682M
OpEx % of Revenue	0.22%	0.24%	0.25%	0.26%	0.24%	0.36%	0.24%	0.22%	0.23%	0.23%
Selling, General & Admin	373.8M	462.4M	483.3M	519.7M	484.5M	447M	537.9M	468.3M	557.3M	615.9M
SG&A % of Revenue	0.21%	0.22%	0.23%	0.23%	0.22%	0.22%	0.22%	0.2%	0.21%	0.2%
Research & Development	29.3M	40.6M	42.5M	45.6M	48.2M	43.5M	48.6M	45.6M	55.2M	66.1M
R&D % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Other Operating Expenses	0	0	0	0	0	220.5M	0	0	0	0
Operating Income+	267M	332.8M	316.1M	310.8M	333.1M	38.4M	355.4M	309M	462.7M	527.1M
Operating Margin %	0.15%	0.16%	0.15%	0.14%	0.15%	0.02%	0.14%	0.13%	0.17%	0.18%
Operating Income Growth %	-	0.25%	-0.05%	-0.02%	0.07%	-0.88%	8.26%	-0.13%	0.5%	0.14%
EBITDA+	329.9M	428M	414M	407.9M	429.9M	141M	463.8M	395.4M	575.9M	673.1M
EBITDA Margin %	0.18%	0.2%	0.2%	0.18%	0.2%	0.07%	0.19%	0.17%	0.22%	0.22%
EBITDA Growth %	-	0.3%	-0.03%	-0.01%	0.05%	-0.67%	2.29%	-0.15%	0.46%	0.17%
D&A (Non-Cash Add-back)	62.9M	95.2M	97.9M	97.1M	96.8M	102.6M	108.4M	86.4M	113.2M	146M
EBIT	267M	316.4M	313.5M	299.9M	302.1M	26.9M	353M	367.5M	454.7M	535.2M
Net Interest Income+	-1.1M	-1.4M	-200K	-31.2M	-44.7M	-36.4M	-32.3M	-31.2M	-79.4M	-106M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	1.1M	1.4M	200K	31.2M	44.7M	36.4M	32.3M	31.2M	79.4M	106M
Other Income/Expense	-1.1M	-17.8M	-2.8M	-42.1M	-75.7M	-47.9M	-34.7M	27.3M	-87.4M	-97.9M
Pretax Income+	265.9M	315M	313.3M	268.7M	257.4M	-9.5M	320.7M	336.3M	375.3M	429.2M
Pretax Margin %	0.15%	0.15%	0.15%	0.12%	0.12%	-0%	0.13%	0.15%	0.14%	0.14%
Income Tax+	55.8M	55.9M	-48.4M	37.9M	34.7M	37.7M	47.8M	43.2M	-84.4M	188.4M
Effective Tax Rate %	0.79%	0.82%	1.15%	0.86%	0.87%	4.97%	0.85%	1.19%	1.51%	0.77%
Net Income+	210.1M	259.1M	361.7M	230.8M	222.7M	-47.2M	272.9M	399.8M	567.1M	331.8M
Net Margin %	0.12%	0.12%	0.17%	0.1%	0.1%	-0.02%	0.11%	0.17%	0.21%	0.11%
Net Income Growth %	-	0.23%	0.4%	-0.36%	-0.04%	-1.21%	6.78%	0.47%	0.42%	-0.41%
Net Income (Continuing)	210.1M	259.1M	361.7M	230.8M	222.7M	-47.2M	272.9M	293.1M	459.7M	240.8M
Discontinued Operations	0	0	0	0	0	0	0	106.7M	107.4M	91M
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.18	1.45	2.03	1.28	1.29	-0.28	1.61	2.38	3.37	1.97
EPS Growth %	-	0.23%	0.4%	-0.37%	0.01%	-1.22%	6.75%	0.48%	0.42%	-0.42%
EPS (Basic)	1.18	1.45	2.03	1.29	1.30	-0.28	1.63	2.40	3.42	2.00
Diluted Shares Outstanding	178.3M	178.3M	178.3M	180.8M	173M	169.6M	169.7M	168.3M	168.2M	168.2M
Basic Shares Outstanding	178.3M	178.3M	178.3M	178.6M	171.6M	169.6M	167.9M	166.3M	165.6M	165.5M
Dividend Payout Ratio	-	-	-	0.27%	0.54%	-	0.43%	0.29%	0.21%	0.38%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	649.9M	657.3M	732.6M	846.5M	798.7M	764.4M	911.5M	1.23B	1.34B	1.39B
Cash & Short-Term Investments	22.7M	21.5M	26.9M	159M	106.4M	122.5M	49.5M	297.5M	185.1M	131.2M
Cash Only	22.7M	21.5M	26.9M	159M	106.4M	122.5M	49.5M	297.5M	185.1M	131.2M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	396.6M	388.1M	419.2M	415.3M	403.7M	359.4M	487M	518.1M	633.6M	528M
Days Sales Outstanding	80.01	66.95	72.93	68.48	66.86	65.64	72.2	82.4	86.65	64.11
Inventory	207.1M	202.2M	224.1M	228.2M	244.7M	235.2M	321.9M	346.7M	441.3M	360.3M
Days Inventory Outstanding	66.35	57.65	65.12	62.28	66.74	68.72	77.29	85.96	101.07	73.18
Other Current Assets	76.1M	24.3M	1.8M	12.3M	11.4M	17.5M	3.5M	22M	31.4M	315.6M
Total Non-Current Assets+	3.91B	3.84B	3.99B	3.71B	3.84B	3.6B	3.76B	3.67B	4.83B	5.35B
Property, Plant & Equipment	228M	260.2M	265.8M	264.8M	328.7M	335M	370.2M	365.6M	419.5M	455.1M
Fixed Asset Turnover	7.94x	8.13x	7.89x	8.36x	6.71x	5.97x	6.65x	6.28x	6.36x	6.61x
Goodwill	2.26B	2.22B	2.24B	2.23B	2.28B	2.1B	2.19B	2.18B	1.86B	2.22B
Intangible Assets	3.64B	1.31B	1.24B	1.17B	1.16B	1.11B	1.14B	1.07B	1.35B	1.59B
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	-2.2B	46.4M	251.8M	29.2M	32.4M	33.2M	47.4M	46.9M	1.03B	1.02B
Total Assets+	4.56B	4.49B	4.72B	4.55B	4.64B	4.37B	4.67B	4.9B	6.16B	6.73B
Asset Turnover	0.40x	0.47x	0.44x	0.49x	0.47x	0.46x	0.53x	0.47x	0.43x	0.45x
Asset Growth %	-	-0.02%	0.05%	-0.04%	0.02%	-0.06%	0.07%	0.05%	0.26%	0.09%
Total Current Liabilities+	361M	318.4M	390.9M	461.7M	462.2M	450M	636.3M	649.5M	733.6M	801.6M
Accounts Payable	138.6M	150.1M	174.1M	186.4M	187.1M	171.1M	261M	252.1M	239.8M	280.1M
Days Payables Outstanding	44.41	42.8	50.59	50.87	51.03	49.99	62.67	62.5	54.92	56.89
Short-Term Debt	0	0	0	12.5M	17.5M	20M	5M	15M	31.9M	37.5M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	111.1M	104.8M	117.8M	145.1M	130.6M	130.7M	178M	172.2M	265.4M	273.5M
Current Ratio	1.80x	2.06x	1.87x	1.83x	1.73x	1.70x	1.43x	1.89x	1.82x	1.73x
Quick Ratio	1.23x	1.43x	1.30x	1.34x	1.20x	1.18x	0.93x	1.36x	1.22x	1.28x
Cash Conversion Cycle	101.96	81.8	87.46	79.89	82.57	84.37	86.82	105.85	132.8	80.4
Total Non-Current Liabilities+	696.7M	689.7M	542.8M	1.4B	1.59B	1.51B	1.54B	1.52B	2.29B	2.7B
Long-Term Debt	0	0	0	929.2M	1.05B	928M	994.2M	1.07B	1.75B	2.12B
Capital Lease Obligations	0	0	0	0	33.7M	35.7M	66.5M	63.7M	84.9M	90.7M
Deferred Tax Liabilities	490.2M	470.4M	279.4M	224.8M	237.8M	230.1M	210.3M	199.6M	190.3M	242.7M
Other Non-Current Liabilities	206.5M	219.3M	263.4M	249.9M	267M	312.5M	270.8M	189.5M	262M	244.8M
Total Liabilities	1.06B	1.01B	933.7M	1.87B	2.05B	1.96B	2.18B	2.17B	3.02B	3.5B
Total Debt+	0	0	0	941.7M	1.11B	997.9M	1.08B	1.16B	1.89B	2.27B
Net Debt	-22.7M	-21.5M	-26.9M	782.7M	1.01B	875.4M	1.03B	867.1M	1.71B	2.14B
Debt / Equity	-	-	-	0.35x	0.43x	0.41x	0.43x	0.43x	0.60x	0.70x
Debt / EBITDA	-	-	-	2.31x	2.59x	7.08x	2.34x	2.95x	3.27x	3.37x
Net Debt / EBITDA	-0.07x	-0.05x	-0.06x	1.92x	2.34x	6.21x	2.23x	2.19x	2.96x	3.17x
Interest Coverage	242.73x	237.71x	1580.50x	9.96x	7.45x	1.05x	11.00x	9.90x	5.83x	4.97x
Total Equity+	3.51B	3.49B	3.79B	2.69B	2.59B	2.41B	2.5B	2.73B	3.14B	3.24B
Equity Growth %	-	-0.01%	0.09%	-0.29%	-0.04%	-0.07%	0.04%	0.09%	0.15%	0.03%
Book Value per Share	19.67	19.55	21.26	14.86	14.99	14.21	14.71	16.23	18.68	19.25
Total Shareholders' Equity	3.51B	3.49B	3.79B	2.69B	2.59B	2.41B	2.5B	2.73B	3.14B	3.24B
Common Stock	3.6B	3.55B	3.85B	1.8M	1.7M	1.7M	1.7M	1.7M	1.7M	1.7M
Retained Earnings	0	0	0	83.4M	186.7M	20.7M	174.5M	457.3M	905.3M	1.11B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-88.9M	-60.6M	-57.1M	-107.8M	-98.6M	-95.2M	-83.2M	-99.6M	-104M	-144.4M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	343.9M	364M	409.7M	343.5M	336.3M	344M	373.3M	394.6M	528.1M	643.1M
Operating CF Margin %	0.19%	0.17%	0.2%	0.16%	0.15%	0.17%	0.15%	0.17%	0.2%	0.21%
Operating CF Growth %	-	0.06%	0.13%	-0.16%	-0.02%	0.02%	0.09%	0.06%	0.34%	0.22%
Net Income	210.1M	259.1M	361.7M	230.8M	222.7M	-47.2M	272.9M	293.1M	459.7M	240.8M
Depreciation & Amortization	62.9M	95.2M	97.9M	97.1M	96.8M	102.6M	108.4M	86.4M	113.2M	146M
Stock-Based Compensation	13.3M	13.4M	14.6M	12.8M	16.1M	13.9M	16.6M	23.3M	21.8M	27.3M
Deferred Taxes	-14.6M	-1.7M	-158M	-23.6M	-24.6M	-2.9M	-18.8M	-11.4M	-165.9M	85.3M
Other Non-Cash Items	2.5M	36.4M	24M	8.2M	30.7M	230.9M	-800K	59.2M	114.3M	141.3M
Working Capital Changes	69.7M	-38.4M	69.5M	18.2M	-5.4M	46.7M	-5M	-56M	-15M	2.4M
Change in Receivables	-4.2M	6.1M	-18.2M	-1.3M	26.6M	28.3M	-104.2M	-42.1M	-22.4M	38.6M
Change in Inventory	41.9M	400K	-8.9M	-12M	900K	18.3M	-74M	-20.9M	21.9M	-600K
Change in Payables	400K	15M	17M	13.4M	-7.9M	-18.6M	73.7M	-5.4M	7.5M	1.5M
Cash from Investing+	-1.96B	-68.6M	-41.2M	-39.1M	-160.3M	-65M	-274M	-52.5M	-1.16B	-758.4M
Capital Expenditures	-47.4M	-74.5M	-31.8M	-39.5M	-38.8M	-40M	-39.5M	-40.5M	-65.6M	-74M
CapEx % of Revenue	0.03%	0.04%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	600K	5.9M	4.2M	2.4M	6.3M	2M	600K	-3.4M	2.1M	-7.1M
Cash from Financing+	1.61B	-308.9M	-359.5M	-166.6M	-226.4M	-272.5M	-166.8M	-82.1M	516.7M	146.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-62.9M	-120.7M	-119M	-117.7M	-117M	-116.8M	-126.8M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.61B	-308.9M	-359.5M	-1B	0	0	4.2M	10M	-6.7M	-3.9M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	296.5M	289.5M	377.9M	304M	297.5M	304M	333.8M	348.7M	462.5M	569.1M
FCF Margin %	0.16%	0.14%	0.18%	0.14%	0.13%	0.15%	0.14%	0.15%	0.17%	0.19%
FCF Growth %	-	-0.02%	0.31%	-0.2%	-0.02%	0.02%	0.1%	0.04%	0.33%	0.23%
FCF per Share	1.66	1.62	2.12	1.68	1.72	1.79	1.97	2.07	2.75	3.38
FCF Conversion (FCF/Net Income)	1.64x	1.40x	1.13x	1.49x	1.51x	-7.29x	1.37x	0.99x	0.93x	1.94x
Interest Paid	0	0	0	34.7M	52.3M	47.1M	43M	49.2M	103.2M	134.8M
Taxes Paid	0	0	0	57.4M	60.8M	39.2M	61.3M	87.3M	112.4M	120.2M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.99%	7.41%	9.94%	7.13%	8.44%	-1.89%	11.13%	15.3%	19.31%	10.4%
Return on Invested Capital (ROIC)	5.75%	7.18%	6.56%	6.44%	7.07%	0.84%	7.82%	6.5%	8.22%	7.74%
Gross Margin	37.04%	39.5%	40.13%	39.58%	39.28%	37.5%	38.26%	35.85%	40.29%	40.22%
Net Margin	11.61%	12.24%	17.24%	10.43%	10.1%	-2.36%	11.08%	17.42%	21.25%	11.04%
Debt / Equity	-	-	-	0.35x	0.43x	0.41x	0.43x	0.43x	0.60x	0.70x
Interest Coverage	242.73x	237.71x	1580.50x	9.96x	7.45x	1.05x	11.00x	9.90x	5.83x	4.97x
FCF Conversion	1.64x	1.40x	1.13x	1.49x	1.51x	-7.29x	1.37x	0.99x	0.93x	1.94x
Revenue Growth	-	16.95%	-0.86%	5.51%	-0.43%	-9.32%	23.19%	-6.78%	16.29%	12.63%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Enclosures	202.7M	1.03B	952.9M	1.24B	1.5B	1.61B	1.82B
Enclosures Growth	-	410.01%	-7.83%	30.63%	20.80%	6.80%	13.54%
Electrical and Fastening Solutions	76.2M	579.6M	569.1M	657.5M	791.4M	1.06B	1.18B
Electrical and Fastening Solutions Growth	-	660.63%	-1.81%	15.53%	20.37%	34.32%	11.27%
Thermal Management	5.6M	590.6M	476.6M	559.7M	613.9M	594.7M	-
Thermal Management Growth	-	10446.43%	-19.30%	17.44%	9.68%	-3.13%	-
Others	-	-	-	-	-	-	-
Others Growth	-	-	-	-	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
North America	-	-	-	-	-	2.38B	2.31B
North America Growth	-	-	-	-	-	-	-2.90%
EMEA	-	-	-	-	-	677.8M	533.9M
EMEA Growth	-	-	-	-	-	-	-21.23%
Asia Pacific	-	-	-	-	-	190.9M	146.7M
Asia Pacific Growth	-	-	-	-	-	-	-23.15%
the World	-	-	-	-	-	11.6M	11.3M
the World Growth	-	-	-	-	-	-	-2.59%
United States And Canada	351.4M	-	-	-	-	-	-
United States And Canada Growth	-	-	-	-	-	-	-
Western Europe	174.4M	-	-	-	-	-	-
Western Europe Growth	-	-	-	-	-	-	-
Developing Countries	80.9M	-	-	-	-	-	-
Developing Countries Growth	-	-	-	-	-	-	-
Other Developed Countries	16.5M	-	-	-	-	-	-
Other Developed Countries Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

nVent Electric plc (NVT) has a price-to-earnings (P/E) ratio of 54.8x. This suggests investors expect higher future growth.

Growth & Financials

nVent Electric plc (NVT) reported $3.58B in revenue for fiscal year 2024. This represents a 98% increase from $1.81B in 2015.

nVent Electric plc (NVT) grew revenue by 12.6% over the past year. This is steady growth.

Yes, nVent Electric plc (NVT) is profitable, generating $602.1M in net income for fiscal year 2024 (11.0% net margin).

Dividend & Returns

Yes, nVent Electric plc (NVT) pays a dividend with a yield of 0.70%. This makes it attractive for income-focused investors.

nVent Electric plc (NVT) has a return on equity (ROE) of 10.4%. This is reasonable for most industries.

nVent Electric plc (NVT) generated $404.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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nVent Electric plc (NVT) 10-Year Financial Performance & Capital Metrics

NVT • • Industrial / General

IndustrialsElectrical EquipmentElectrical Infrastructure ProductsElectrical Enclosures & Protection

Revenue $3.01B +12.6%
EBITDA $673M +16.9%
Net Income $332M -41.5%
EPS (Diluted) 1.97 -41.5%
Gross Margin 40.22% -0.2%
EBITDA Margin 22.39% +3.8%
Operating Margin 17.53% +1.1%
Net Margin 11.04% -48.1%
ROE 10.4% -46.1%
ROIC 7.74% -5.9%
Debt/Equity 0.70 +16.8%
Interest Coverage 4.97 -14.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 18.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 15.0%
✓Healthy 5Y average net margin of 11.7%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y6.4%

3Y6.88%

TTM21.54%

Profit (Net Income) CAGR

10Y-

5Y8.3%

3Y6.73%

TTM4.53%

EPS CAGR

10Y-

5Y8.84%

3Y6.96%

TTM6.57%

ROCE

10Y Avg7.33%

5Y Avg7.24%

3Y Avg8.76%

Latest9.28%

Peer Comparison

Electrical Enclosures & Protection

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RFILRF Industries, Ltd.	94.71M	8.84	884	24.25%	-0.44%	-0.97%	4.59%	0.76
NVTnVent Electric plc	17.42B	107.98	54.81	12.63%	16.83%	16.59%	3.27%	0.70
KEKimball Electronics, Inc.	763.74M	31.38	46.15	-13.29%	1.62%	4.14%	19.67%	0.26
HUBBHubbell Incorporated	25.73B	484.11	33.69	4.76%	15.24%	23.39%	3.15%	0.52
CCTGCCSC Technology International Holdings Limited Ordinary Shares	3.96M	0.12	-0.97	19.55%	-11.73%	-25.59%		0.12
SKYXSKYX Platforms Corp.	276.64M	2.39	-6.64	46.76%	-39.12%	-30.58%		4.35
ATKRAtkore Inc.	2.39B	70.84	-157.42	-10.98%	-0.53%	-1.09%	12.37%	0.66

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.81B	2.12B	2.1B	2.21B	2.2B	2B	2.46B	2.3B	2.67B	3.01B
Revenue Growth %	-	0.17%	-0.01%	0.06%	-0%	-0.09%	0.23%	-0.07%	0.16%	0.13%
Cost of Goods Sold+	1.14B	1.28B	1.26B	1.34B	1.34B	1.25B	1.52B	1.47B	1.59B	1.8B
COGS % of Revenue	0.63%	0.61%	0.6%	0.6%	0.61%	0.63%	0.62%	0.64%	0.6%	0.6%
Gross Profit+	670.1M	835.8M	841.9M	876.1M	865.8M	749.4M	941.9M	822.9M	1.08B	1.21B
Gross Margin %	0.37%	0.39%	0.4%	0.4%	0.39%	0.37%	0.38%	0.36%	0.4%	0.4%
Gross Profit Growth %	-	0.25%	0.01%	0.04%	-0.01%	-0.13%	0.26%	-0.13%	0.31%	0.12%
Operating Expenses+	403.1M	503M	525.8M	565.3M	532.7M	711M	586.5M	513.9M	612.5M	682M
OpEx % of Revenue	0.22%	0.24%	0.25%	0.26%	0.24%	0.36%	0.24%	0.22%	0.23%	0.23%
Selling, General & Admin	373.8M	462.4M	483.3M	519.7M	484.5M	447M	537.9M	468.3M	557.3M	615.9M
SG&A % of Revenue	0.21%	0.22%	0.23%	0.23%	0.22%	0.22%	0.22%	0.2%	0.21%	0.2%
Research & Development	29.3M	40.6M	42.5M	45.6M	48.2M	43.5M	48.6M	45.6M	55.2M	66.1M
R&D % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Other Operating Expenses	0	0	0	0	0	220.5M	0	0	0	0
Operating Income+	267M	332.8M	316.1M	310.8M	333.1M	38.4M	355.4M	309M	462.7M	527.1M
Operating Margin %	0.15%	0.16%	0.15%	0.14%	0.15%	0.02%	0.14%	0.13%	0.17%	0.18%
Operating Income Growth %	-	0.25%	-0.05%	-0.02%	0.07%	-0.88%	8.26%	-0.13%	0.5%	0.14%
EBITDA+	329.9M	428M	414M	407.9M	429.9M	141M	463.8M	395.4M	575.9M	673.1M
EBITDA Margin %	0.18%	0.2%	0.2%	0.18%	0.2%	0.07%	0.19%	0.17%	0.22%	0.22%
EBITDA Growth %	-	0.3%	-0.03%	-0.01%	0.05%	-0.67%	2.29%	-0.15%	0.46%	0.17%
D&A (Non-Cash Add-back)	62.9M	95.2M	97.9M	97.1M	96.8M	102.6M	108.4M	86.4M	113.2M	146M
EBIT	267M	316.4M	313.5M	299.9M	302.1M	26.9M	353M	367.5M	454.7M	535.2M
Net Interest Income+	-1.1M	-1.4M	-200K	-31.2M	-44.7M	-36.4M	-32.3M	-31.2M	-79.4M	-106M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	1.1M	1.4M	200K	31.2M	44.7M	36.4M	32.3M	31.2M	79.4M	106M
Other Income/Expense	-1.1M	-17.8M	-2.8M	-42.1M	-75.7M	-47.9M	-34.7M	27.3M	-87.4M	-97.9M
Pretax Income+	265.9M	315M	313.3M	268.7M	257.4M	-9.5M	320.7M	336.3M	375.3M	429.2M
Pretax Margin %	0.15%	0.15%	0.15%	0.12%	0.12%	-0%	0.13%	0.15%	0.14%	0.14%
Income Tax+	55.8M	55.9M	-48.4M	37.9M	34.7M	37.7M	47.8M	43.2M	-84.4M	188.4M
Effective Tax Rate %	0.79%	0.82%	1.15%	0.86%	0.87%	4.97%	0.85%	1.19%	1.51%	0.77%
Net Income+	210.1M	259.1M	361.7M	230.8M	222.7M	-47.2M	272.9M	399.8M	567.1M	331.8M
Net Margin %	0.12%	0.12%	0.17%	0.1%	0.1%	-0.02%	0.11%	0.17%	0.21%	0.11%
Net Income Growth %	-	0.23%	0.4%	-0.36%	-0.04%	-1.21%	6.78%	0.47%	0.42%	-0.41%
Net Income (Continuing)	210.1M	259.1M	361.7M	230.8M	222.7M	-47.2M	272.9M	293.1M	459.7M	240.8M
Discontinued Operations	0	0	0	0	0	0	0	106.7M	107.4M	91M
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.18	1.45	2.03	1.28	1.29	-0.28	1.61	2.38	3.37	1.97
EPS Growth %	-	0.23%	0.4%	-0.37%	0.01%	-1.22%	6.75%	0.48%	0.42%	-0.42%
EPS (Basic)	1.18	1.45	2.03	1.29	1.30	-0.28	1.63	2.40	3.42	2.00
Diluted Shares Outstanding	178.3M	178.3M	178.3M	180.8M	173M	169.6M	169.7M	168.3M	168.2M	168.2M
Basic Shares Outstanding	178.3M	178.3M	178.3M	178.6M	171.6M	169.6M	167.9M	166.3M	165.6M	165.5M
Dividend Payout Ratio	-	-	-	0.27%	0.54%	-	0.43%	0.29%	0.21%	0.38%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	649.9M	657.3M	732.6M	846.5M	798.7M	764.4M	911.5M	1.23B	1.34B	1.39B
Cash & Short-Term Investments	22.7M	21.5M	26.9M	159M	106.4M	122.5M	49.5M	297.5M	185.1M	131.2M
Cash Only	22.7M	21.5M	26.9M	159M	106.4M	122.5M	49.5M	297.5M	185.1M	131.2M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	396.6M	388.1M	419.2M	415.3M	403.7M	359.4M	487M	518.1M	633.6M	528M
Days Sales Outstanding	80.01	66.95	72.93	68.48	66.86	65.64	72.2	82.4	86.65	64.11
Inventory	207.1M	202.2M	224.1M	228.2M	244.7M	235.2M	321.9M	346.7M	441.3M	360.3M
Days Inventory Outstanding	66.35	57.65	65.12	62.28	66.74	68.72	77.29	85.96	101.07	73.18
Other Current Assets	76.1M	24.3M	1.8M	12.3M	11.4M	17.5M	3.5M	22M	31.4M	315.6M
Total Non-Current Assets+	3.91B	3.84B	3.99B	3.71B	3.84B	3.6B	3.76B	3.67B	4.83B	5.35B
Property, Plant & Equipment	228M	260.2M	265.8M	264.8M	328.7M	335M	370.2M	365.6M	419.5M	455.1M
Fixed Asset Turnover	7.94x	8.13x	7.89x	8.36x	6.71x	5.97x	6.65x	6.28x	6.36x	6.61x
Goodwill	2.26B	2.22B	2.24B	2.23B	2.28B	2.1B	2.19B	2.18B	1.86B	2.22B
Intangible Assets	3.64B	1.31B	1.24B	1.17B	1.16B	1.11B	1.14B	1.07B	1.35B	1.59B
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	-2.2B	46.4M	251.8M	29.2M	32.4M	33.2M	47.4M	46.9M	1.03B	1.02B
Total Assets+	4.56B	4.49B	4.72B	4.55B	4.64B	4.37B	4.67B	4.9B	6.16B	6.73B
Asset Turnover	0.40x	0.47x	0.44x	0.49x	0.47x	0.46x	0.53x	0.47x	0.43x	0.45x
Asset Growth %	-	-0.02%	0.05%	-0.04%	0.02%	-0.06%	0.07%	0.05%	0.26%	0.09%
Total Current Liabilities+	361M	318.4M	390.9M	461.7M	462.2M	450M	636.3M	649.5M	733.6M	801.6M
Accounts Payable	138.6M	150.1M	174.1M	186.4M	187.1M	171.1M	261M	252.1M	239.8M	280.1M
Days Payables Outstanding	44.41	42.8	50.59	50.87	51.03	49.99	62.67	62.5	54.92	56.89
Short-Term Debt	0	0	0	12.5M	17.5M	20M	5M	15M	31.9M	37.5M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	111.1M	104.8M	117.8M	145.1M	130.6M	130.7M	178M	172.2M	265.4M	273.5M
Current Ratio	1.80x	2.06x	1.87x	1.83x	1.73x	1.70x	1.43x	1.89x	1.82x	1.73x
Quick Ratio	1.23x	1.43x	1.30x	1.34x	1.20x	1.18x	0.93x	1.36x	1.22x	1.28x
Cash Conversion Cycle	101.96	81.8	87.46	79.89	82.57	84.37	86.82	105.85	132.8	80.4
Total Non-Current Liabilities+	696.7M	689.7M	542.8M	1.4B	1.59B	1.51B	1.54B	1.52B	2.29B	2.7B
Long-Term Debt	0	0	0	929.2M	1.05B	928M	994.2M	1.07B	1.75B	2.12B
Capital Lease Obligations	0	0	0	0	33.7M	35.7M	66.5M	63.7M	84.9M	90.7M
Deferred Tax Liabilities	490.2M	470.4M	279.4M	224.8M	237.8M	230.1M	210.3M	199.6M	190.3M	242.7M
Other Non-Current Liabilities	206.5M	219.3M	263.4M	249.9M	267M	312.5M	270.8M	189.5M	262M	244.8M
Total Liabilities	1.06B	1.01B	933.7M	1.87B	2.05B	1.96B	2.18B	2.17B	3.02B	3.5B
Total Debt+	0	0	0	941.7M	1.11B	997.9M	1.08B	1.16B	1.89B	2.27B
Net Debt	-22.7M	-21.5M	-26.9M	782.7M	1.01B	875.4M	1.03B	867.1M	1.71B	2.14B
Debt / Equity	-	-	-	0.35x	0.43x	0.41x	0.43x	0.43x	0.60x	0.70x
Debt / EBITDA	-	-	-	2.31x	2.59x	7.08x	2.34x	2.95x	3.27x	3.37x
Net Debt / EBITDA	-0.07x	-0.05x	-0.06x	1.92x	2.34x	6.21x	2.23x	2.19x	2.96x	3.17x
Interest Coverage	242.73x	237.71x	1580.50x	9.96x	7.45x	1.05x	11.00x	9.90x	5.83x	4.97x
Total Equity+	3.51B	3.49B	3.79B	2.69B	2.59B	2.41B	2.5B	2.73B	3.14B	3.24B
Equity Growth %	-	-0.01%	0.09%	-0.29%	-0.04%	-0.07%	0.04%	0.09%	0.15%	0.03%
Book Value per Share	19.67	19.55	21.26	14.86	14.99	14.21	14.71	16.23	18.68	19.25
Total Shareholders' Equity	3.51B	3.49B	3.79B	2.69B	2.59B	2.41B	2.5B	2.73B	3.14B	3.24B
Common Stock	3.6B	3.55B	3.85B	1.8M	1.7M	1.7M	1.7M	1.7M	1.7M	1.7M
Retained Earnings	0	0	0	83.4M	186.7M	20.7M	174.5M	457.3M	905.3M	1.11B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-88.9M	-60.6M	-57.1M	-107.8M	-98.6M	-95.2M	-83.2M	-99.6M	-104M	-144.4M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	343.9M	364M	409.7M	343.5M	336.3M	344M	373.3M	394.6M	528.1M	643.1M
Operating CF Margin %	0.19%	0.17%	0.2%	0.16%	0.15%	0.17%	0.15%	0.17%	0.2%	0.21%
Operating CF Growth %	-	0.06%	0.13%	-0.16%	-0.02%	0.02%	0.09%	0.06%	0.34%	0.22%
Net Income	210.1M	259.1M	361.7M	230.8M	222.7M	-47.2M	272.9M	293.1M	459.7M	240.8M
Depreciation & Amortization	62.9M	95.2M	97.9M	97.1M	96.8M	102.6M	108.4M	86.4M	113.2M	146M
Stock-Based Compensation	13.3M	13.4M	14.6M	12.8M	16.1M	13.9M	16.6M	23.3M	21.8M	27.3M
Deferred Taxes	-14.6M	-1.7M	-158M	-23.6M	-24.6M	-2.9M	-18.8M	-11.4M	-165.9M	85.3M
Other Non-Cash Items	2.5M	36.4M	24M	8.2M	30.7M	230.9M	-800K	59.2M	114.3M	141.3M
Working Capital Changes	69.7M	-38.4M	69.5M	18.2M	-5.4M	46.7M	-5M	-56M	-15M	2.4M
Change in Receivables	-4.2M	6.1M	-18.2M	-1.3M	26.6M	28.3M	-104.2M	-42.1M	-22.4M	38.6M
Change in Inventory	41.9M	400K	-8.9M	-12M	900K	18.3M	-74M	-20.9M	21.9M	-600K
Change in Payables	400K	15M	17M	13.4M	-7.9M	-18.6M	73.7M	-5.4M	7.5M	1.5M
Cash from Investing+	-1.96B	-68.6M	-41.2M	-39.1M	-160.3M	-65M	-274M	-52.5M	-1.16B	-758.4M
Capital Expenditures	-47.4M	-74.5M	-31.8M	-39.5M	-38.8M	-40M	-39.5M	-40.5M	-65.6M	-74M
CapEx % of Revenue	0.03%	0.04%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	600K	5.9M	4.2M	2.4M	6.3M	2M	600K	-3.4M	2.1M	-7.1M
Cash from Financing+	1.61B	-308.9M	-359.5M	-166.6M	-226.4M	-272.5M	-166.8M	-82.1M	516.7M	146.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-62.9M	-120.7M	-119M	-117.7M	-117M	-116.8M	-126.8M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.61B	-308.9M	-359.5M	-1B	0	0	4.2M	10M	-6.7M	-3.9M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	296.5M	289.5M	377.9M	304M	297.5M	304M	333.8M	348.7M	462.5M	569.1M
FCF Margin %	0.16%	0.14%	0.18%	0.14%	0.13%	0.15%	0.14%	0.15%	0.17%	0.19%
FCF Growth %	-	-0.02%	0.31%	-0.2%	-0.02%	0.02%	0.1%	0.04%	0.33%	0.23%
FCF per Share	1.66	1.62	2.12	1.68	1.72	1.79	1.97	2.07	2.75	3.38
FCF Conversion (FCF/Net Income)	1.64x	1.40x	1.13x	1.49x	1.51x	-7.29x	1.37x	0.99x	0.93x	1.94x
Interest Paid	0	0	0	34.7M	52.3M	47.1M	43M	49.2M	103.2M	134.8M
Taxes Paid	0	0	0	57.4M	60.8M	39.2M	61.3M	87.3M	112.4M	120.2M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.99%	7.41%	9.94%	7.13%	8.44%	-1.89%	11.13%	15.3%	19.31%	10.4%
Return on Invested Capital (ROIC)	5.75%	7.18%	6.56%	6.44%	7.07%	0.84%	7.82%	6.5%	8.22%	7.74%
Gross Margin	37.04%	39.5%	40.13%	39.58%	39.28%	37.5%	38.26%	35.85%	40.29%	40.22%
Net Margin	11.61%	12.24%	17.24%	10.43%	10.1%	-2.36%	11.08%	17.42%	21.25%	11.04%
Debt / Equity	-	-	-	0.35x	0.43x	0.41x	0.43x	0.43x	0.60x	0.70x
Interest Coverage	242.73x	237.71x	1580.50x	9.96x	7.45x	1.05x	11.00x	9.90x	5.83x	4.97x
FCF Conversion	1.64x	1.40x	1.13x	1.49x	1.51x	-7.29x	1.37x	0.99x	0.93x	1.94x
Revenue Growth	-	16.95%	-0.86%	5.51%	-0.43%	-9.32%	23.19%	-6.78%	16.29%	12.63%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Enclosures	202.7M	1.03B	952.9M	1.24B	1.5B	1.61B	1.82B
Enclosures Growth	-	410.01%	-7.83%	30.63%	20.80%	6.80%	13.54%
Electrical and Fastening Solutions	76.2M	579.6M	569.1M	657.5M	791.4M	1.06B	1.18B
Electrical and Fastening Solutions Growth	-	660.63%	-1.81%	15.53%	20.37%	34.32%	11.27%
Thermal Management	5.6M	590.6M	476.6M	559.7M	613.9M	594.7M	-
Thermal Management Growth	-	10446.43%	-19.30%	17.44%	9.68%	-3.13%	-
Others	-	-	-	-	-	-	-
Others Growth	-	-	-	-	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
North America	-	-	-	-	-	2.38B	2.31B
North America Growth	-	-	-	-	-	-	-2.90%
EMEA	-	-	-	-	-	677.8M	533.9M
EMEA Growth	-	-	-	-	-	-	-21.23%
Asia Pacific	-	-	-	-	-	190.9M	146.7M
Asia Pacific Growth	-	-	-	-	-	-	-23.15%
the World	-	-	-	-	-	11.6M	11.3M
the World Growth	-	-	-	-	-	-	-2.59%
United States And Canada	351.4M	-	-	-	-	-	-
United States And Canada Growth	-	-	-	-	-	-	-
Western Europe	174.4M	-	-	-	-	-	-
Western Europe Growth	-	-	-	-	-	-	-
Developing Countries	80.9M	-	-	-	-	-	-
Developing Countries Growth	-	-	-	-	-	-	-
Other Developed Countries	16.5M	-	-	-	-	-	-
Other Developed Countries Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

nVent Electric plc (NVT) has a price-to-earnings (P/E) ratio of 54.8x. This suggests investors expect higher future growth.

Growth & Financials

nVent Electric plc (NVT) reported $3.58B in revenue for fiscal year 2024. This represents a 98% increase from $1.81B in 2015.

nVent Electric plc (NVT) grew revenue by 12.6% over the past year. This is steady growth.

Yes, nVent Electric plc (NVT) is profitable, generating $602.1M in net income for fiscal year 2024 (11.0% net margin).

Dividend & Returns

Yes, nVent Electric plc (NVT) pays a dividend with a yield of 0.70%. This makes it attractive for income-focused investors.

nVent Electric plc (NVT) has a return on equity (ROE) of 10.4%. This is reasonable for most industries.

nVent Electric plc (NVT) generated $404.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.