nVent Electric plc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), nVent Electric plc reported revenue of $3.9B (+29.5% year on year) and net income of $710.2M (+114.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net sales | $3.9B | $3.0B | $3.3B | $2.9B |
| Cost of goods sold(1) | $2.4B | $1.8B | $1.9B | $1.8B |
| Gross profit | $1.5B | $1.2B | $1.3B | $1.1B |
| Selling, general and administrative | $773.8M | $615.9M | $683.2M | $595.9M |
| Research and development | $78.5M | $66.1M | $71.5M | $60.4M |
| Operating income | $616.8M | $527.1M | $587.4M | $440.4M |
| Net interest expense | $75.0M | $106.0M | $79.4M | $31.2M |
| Gain on sale of investment | $0 | $0 | ($10.3M) | — |
| Other expense (income) | ($8.2M) | ($8.1M) | $18.8M | ($63.4M) |
| Income before income taxes | $550.0M | $429.2M | $499.5M | $472.6M |
| Provision (benefit) for income taxes | $121.5M | $188.4M | ($67.6M) | $72.8M |
| Net income from continuing operations | $428.5M | $240.8M | — | — |
| Income from discontinued operations, net of tax | $281.7M | $91.0M | — | — |
| Net income | $710.2M | $331.8M | $567.1M | $399.8M |
| Changes in cumulative translation adjustment (2025 includes $92.7 million reclassified to gain on sale included in Income from discontinued operations, net of tax) | $126.9M | ($43.6M) | $10.5M | ($18.6M) |
| Changes in market value of derivative financial instruments, net of tax | ($13.7M) | $3.2M | ($14.9M) | $2.2M |
| Comprehensive income attributable to nVent | $823.4M | $291.4M | $562.7M | $383.4M |
| Discontinued operations (in dollars per share) | $1.73 | $0.55 | — | — |
| Continuing operations (in dollars per share) | $2.63 | $1.45 | — | — |
| Basic (dollars per share) | $4.36 | $2.00 | $3.42 | $2.40 |
| Continuing operations (in dollars per share) | $2.60 | $1.43 | — | — |
| Discontinued operations (in dollars per share) | $1.71 | $0.54 | — | — |
| Diluted (dollars per share) | $4.31 | $1.97 | $3.37 | $2.38 |
| Basic (shares) | 162.4M | 165.5M | 165.6M | 166.3M |
| Diluted (shares) | 164.6M | 168.2M | 168.2M | 168.3M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Net sales | $1.5B | $1.2B | $1.1B | $963.1M |
| Cost of goods sold | $913.3M | $796.4M | $659.3M | $591.3M |
| Gross profit | $558.0M | $445.6M | $394.7M | $371.8M |
| Selling, general and administrative | $232.8M | $227.2M | $207.8M | $196.0M |
| Research and development | $24.5M | $22.7M | $20.6M | $19.1M |
| Operating income | $300.7M | $195.7M | $166.3M | $156.7M |
| Net interest expense | $17.4M | $17.5M | $20.9M | $17.6M |
| Other expense | $1.3M | $1.3M | $1.2M | $1.1M |
| Income from continuing operations before income taxes | $282.0M | $176.9M | $144.2M | $138.0M |
| Provision for income taxes | $66.2M | $36.5M | $25.2M | $31.3M |
| Net income from continuing operations | $215.8M | $140.4M | $119.0M | $106.7M |
| Income from discontinued operations, net of tax (Note 6) | $100.0K | $2.0M | $2.2M | $2.8M |
| Net income | $215.9M | $142.4M | $121.2M | $109.5M |
| Changes in cumulative translation adjustment (six months ended June 30, 2025 includes $92.7 million reclassified to gain on sale included in Income from discontinued operations, net of tax) | $1.4M | ($400.0K) | ($700.0K) | $22.6M |
| Changes in market value of derivative financial instruments, net of tax | ($1.2M) | $3.6M | $1.9M | ($12.2M) |
| Comprehensive income | $216.1M | $145.6M | $122.4M | $119.9M |
| Continuing operations (in dollars per share) | $1.33 | $0.87 | $0.74 | $0.66 |
| Basic earnings per ordinary share (in dollars per share) | $1.33 | $0.88 | $0.75 | $0.68 |
| Continuing operations (in dollars per share) | $1.32 | $0.86 | $0.73 | $0.65 |
| Discontinued operations (in dollars per share) | $0.00 | $0.01 | $0.01 | $0.02 |
| Diluted earnings per ordinary share (in dollars per share) | $1.32 | $0.87 | $0.74 | $0.67 |
| Basic (shares) | 161.8M | 161.7M | 161.2M | 161.7M |
| Diluted (shares) | 164.1M | 164.0M | 163.6M | 163.6M |
| Cash dividends paid per ordinary share (in usd per share) | $0.21 | $0.21 | $0.20 | $0.20 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $237.5M | $131.2M | $185.1M | $297.5M |
| Accounts and notes receivable, net of allowances of $13.7 and $14.3, respectively | $693.0M | $473.1M | $589.5M | $472.5M |
| Inventories | $471.9M | $360.3M | $441.3M | $346.7M |
| Other current assets | $237.2M | $123.9M | $120.2M | $112.5M |
| Current assets held for sale | $0 | $300.8M | — | — |
| Total current assets | $1.6B | $1.4B | $1.3B | $1.2B |
| Property, plant and equipment, net | $434.5M | $347.9M | $390.0M | $289.2M |
| Goodwill | $2.7B | $2.2B | $2.6B | $2.2B |
| Intangibles, net | $1.9B | $1.6B | $1.5B | $1.1B |
| Other non-current assets | $223.3M | $213.6M | $347.5M | $139.6M |
| Non-current assets held for sale | $0 | $975.3M | — | — |
| Total other assets | $4.8B | $5.0B | $4.4B | $3.4B |
| Total assets | $6.9B | $6.7B | $6.2B | $4.9B |
| Current maturities of long-term debt and short-term borrowings | $13.8M | $37.5M | $31.9M | $15.0M |
| Accounts payable | $358.9M | $280.1M | $275.7M | $252.1M |
| Employee compensation and benefits | $156.6M | $95.0M | $122.2M | $109.3M |
| Other current liabilities | $474.2M | $266.5M | $303.8M | $273.1M |
| Current liabilities held for sale | $0 | $122.5M | — | — |
| Total current liabilities | $1.0B | $801.6M | $733.6M | $649.5M |
| Long-term debt | $1.5B | $2.1B | $1.7B | $1.1B |
| Pension and other post-retirement compensation and benefits | $135.6M | $131.7M | $153.0M | $128.5M |
| Deferred tax liabilities | $232.0M | $242.7M | $204.4M | $199.6M |
| Other non-current liabilities | $204.6M | $157.9M | $179.8M | $124.7M |
| Non-current liabilities held for sale | $0 | $45.9M | — | — |
| Total liabilities | $3.1B | $3.5B | $3.0B | $2.2B |
| Ordinary shares $0.01 par value, 400.0 million authorized, 161.7 million and 165.0 million issued at December 31, 2025 and 2024, respectively | 1.6M | 1.7M | 1.7M | 1.7M |
| Additional paid-in capital | $2.1B | $2.3B | $2.3B | $2.4B |
| Retained earnings | $1.7B | $1.1B | $905.3M | $457.3M |
| Accumulated other comprehensive loss | ($31.2M) | ($144.4M) | ($104.0M) | ($99.6M) |
| Total equity | $3.7B | $3.2B | $3.1B | $2.7B |
| Total liabilities and equity | $6.9B | $6.7B | $6.2B | $4.9B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $256.0M | $190.0M | $126.9M | $125.8M |
| Accounts and notes receivable, net of allowances of $16.7 and $13.7, respectively | $969.3M | $828.5M | $718.2M | $733.1M |
| Inventories | $522.4M | $512.0M | $455.2M | $415.6M |
| Other current assets | $256.5M | $257.8M | $230.7M | $210.1M |
| Total current assets | $2.0B | $1.8B | $1.5B | $1.5B |
| Property, plant and equipment, net | $447.9M | $440.1M | $401.6M | $395.9M |
| Goodwill | $2.7B | $2.7B | $2.7B | $2.7B |
| Intangibles, net | $1.8B | $1.8B | $1.9B | $2.0B |
| Other non-current assets | $224.6M | $223.0M | $237.4M | $227.7M |
| Total other assets | $4.7B | $4.7B | $4.8B | $4.9B |
| Total assets | $7.1B | $7.0B | $6.8B | $6.7B |
| Current maturities of long-term debt and short-term borrowings | $13.8M | $13.8M | $13.8M | $13.8M |
| Accounts payable | $496.0M | $422.0M | $340.7M | $310.3M |
| Employee compensation and benefits | $131.1M | $104.9M | $134.5M | $107.3M |
| Other current liabilities | $472.5M | $514.3M | $483.6M | $458.2M |
| Total current liabilities | $1.1B | $1.1B | $972.6M | $889.6M |
| Long-term debt | $1.5B | $1.5B | $1.6B | $1.8B |
| Pension and other post-retirement compensation and benefits | $133.3M | $132.9M | $148.3M | $148.0M |
| Deferred tax liabilities | $232.0M | $231.6M | $229.8M | $231.0M |
| Other non-current liabilities | $202.1M | $202.7M | $206.5M | $202.3M |
| Total liabilities | $3.2B | $3.2B | $3.1B | $3.2B |
| Ordinary shares $0.01 par value, 400.0 million authorized, 161.9 million and 161.7 million issued at June 30, 2026 and December 31, 2025, respectively | 1.6M | 1.6M | 1.6M | 1.6M |
| Additional paid-in capital | $2.0B | $2.0B | $2.1B | $2.0B |
| Retained earnings | $2.0B | $1.8B | $1.6B | $1.5B |
| Accumulated other comprehensive loss | ($27.8M) | ($28.0M) | ($33.3M) | ($34.5M) |
| Total equity | $4.0B | $3.8B | $3.6B | $3.5B |
| Total liabilities and equity | $7.1B | $7.0B | $6.8B | $6.7B |
| Ordinary shares issued (in shares) | 161.9M | 161.7M | — | — |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $710.2M | $331.8M | $567.1M | — |
| Less: Income from discontinued operations, net of tax | $281.7M | $91.0M | — | — |
| Net income from continuing operations | $428.5M | $240.8M | — | — |
| Depreciation | $60.7M | $51.3M | $51.7M | $43.5M |
| Intangible asset amortization | $147.1M | $94.7M | $89.7M | — |
| Deferred income taxes | $11.1M | $85.3M | ($178.6M) | ($13.6M) |
| Share-based compensation | $37.5M | $27.3M | $23.5M | $25.0M |
| Impairment of equity investments | $0 | $8.8M | — | $0 |
| Release of guarantee liability | $0 | ($12.5M) | — | — |
| Gain on sale of investment | $0 | $0 | ($10.3M) | — |
| Amortization of bridge financing debt issuance costs | $0 | $2.2M | $3.6M | — |
| Pension and other post-retirement (income) expense | ($7.0M) | $5.4M | $21.6M | ($61.4M) |
| Pension and other post-retirement contributions | ($5.4M) | ($4.7M) | ($6.5M) | ($5.5M) |
| Accounts and notes receivable | ($112.1M) | $38.6M | ($21.3M) | ($45.9M) |
| Inventories | ($78.7M) | ($600.0K) | $20.1M | ($34.7M) |
| Other current assets | ($4.1M) | ($20.2M) | ($12.9M) | $13.4M |
| Contract assets and liabilities | $39.1M | — | — | — |
| Accounts payable | $57.2M | $1.5M | ($2.1M) | ($4.7M) |
| Employee compensation and benefits | $49.1M | ($10.8M) | $0 | ($2.1M) |
| Other current liabilities | $26.5M | ($5.0M) | ($1.0M) | $18.1M |
| Other non-current assets and liabilities | ($500.0K) | ($1.1M) | ($15.4M) | ($8.0M) |
| Net cash provided by (used for) operating activities of continuing operations | $649.0M | $501.0M | — | — |
| Net cash provided by (used for) operating activities of discontinued operations | ($183.8M) | $142.1M | — | — |
| Net cash provided by (used for) operating activities of continuing operations | $465.2M | $643.1M | $528.1M | $394.6M |
| Capital expenditures | ($93.3M) | ($74.0M) | ($71.0M) | ($45.9M) |
| Proceeds from sale of property and equipment | $5.3M | $500.0K | $7.5M | $2.0M |
| Proceeds from sale of investment | $0 | $0 | $14.1M | — |
| Settlement of net investment hedge | $0 | $400.0K | $4.8M | — |
| Acquisitions, net of cash acquired | ($975.7M) | ($677.7M) | ($1.1B) | ($8.6M) |
| Net cash provided by (used for) investing activities of continuing operations | ($1.1B) | ($750.8M) | — | — |
| Net cash provided by (used for) investing activities of discontinued operations | $1.6B | ($7.6M) | — | — |
| Net cash provided by (used for) investing activities | $520.8M | ($758.4M) | ($1.2B) | ($52.5M) |
| Proceeds from long-term debt | $275.0M | $500.0M | $800.0M | $200.0M |
| Repayments of long-term debt | ($873.3M) | ($126.5M) | ($101.1M) | ($10.0M) |
| Settlement of interest rate swap | $0 | $0 | $4.5M | $10.0M |
| Debt issuance costs | ($2.0M) | ($3.9M) | ($11.2M) | $0 |
| Dividends paid | ($130.4M) | ($126.8M) | ($116.8M) | ($117.0M) |
| Shares issued to employees, net of shares withheld | 15.4M | 3.4M | 2.1M | 7.5M |
| Repurchases of ordinary shares | -253.1M | -100.0M | -60.8M | -65.9M |
| Net cash provided by (used for) financing activities | ($968.4M) | $146.2M | $516.7M | ($82.1M) |
| Effect of exchange rate changes on cash and cash equivalents | $30.0M | ($26.1M) | $7.5M | ($12.0M) |
| Change in cash and cash equivalents | $47.6M | $4.8M | ($112.4M) | $248.0M |
| Cash and cash equivalents, beginning of year | $131.2M | $179.6M | $297.5M | $49.5M |
| Cash and cash equivalents within assets held for sale, beginning of period | $58.7M | $5.5M | — | — |
| Less: Cash and cash equivalents within assets held for sale, end of period | $0 | $58.7M | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $358.3M | $142.4M | $591.4M | $470.2M |
| Less: Income from discontinued operations, net of tax | $2.1M | $2.0M | $278.7M | $276.5M |
| Net income from continuing operations | $356.2M | $140.4M | $312.7M | $193.7M |
| Depreciation | $34.2M | $16.8M | $45.0M | $28.2M |
| Amortization | $82.2M | $41.1M | $106.0M | $64.1M |
| Deferred income taxes | $1.4M | ($200.0K) | ($2.5M) | $2.0M |
| Share-based compensation | $23.1M | $16.4M | $30.8M | $20.1M |
| Accounts and notes receivable | ($280.2M) | ($138.4M) | ($138.4M) | ($152.8M) |
| Inventories | ($56.0M) | ($42.6M) | ($62.8M) | ($23.0M) |
| Other current assets | ($12.2M) | $5.9M | $36.4M | $28.3M |
| Contract assets and liabilities | ($24.6M) | ($38.4M) | — | — |
| Accounts payable | $145.7M | $72.9M | $49.2M | $22.9M |
| Employee compensation and benefits | ($24.7M) | ($50.7M) | $27.7M | $800.0K |
| Other current liabilities | $32.3M | $63.0M | $19.8M | ($30.8M) |
| Other non-current assets and liabilities | $1.3M | $3.7M | $2.7M | $1.4M |
| Net cash provided by (used for) operating activities of continuing operations | $278.7M | $89.9M | $426.6M | $154.9M |
| Net cash provided by (used for) operating activities of discontinued operations | ($10.0M) | ($4.7M) | ($163.8M) | ($111.6M) |
| Net cash provided by (used for) operating activities | $268.7M | $85.2M | $262.8M | $43.3M |
| Capital expenditures | ($57.6M) | ($36.1M) | ($56.6M) | ($38.0M) |
| Proceeds from sale of property and equipment | $0 | $0 | $1.7M | $1.6M |
| Acquisitions, net of cash acquired | $0 | $0 | ($974.9M) | ($971.6M) |
| Net cash provided by (used for) investing activities of continuing operations | ($57.6M) | ($36.1M) | ($1.0B) | ($1.0B) |
| Net cash provided by (used for) investing activities of discontinued operations | $1.7M | $1.7M | $1.6B | $1.6B |
| Net cash provided by (used for) investing activities | ($55.9M) | ($34.4M) | $554.7M | $576.6M |
| Net receipts of revolving credit facility | $0 | — | $30.4M | $200.0M |
| Proceeds from long-term debt | $0 | — | $275.0M | $275.0M |
| Repayments of long-term debt | ($68.3M) | ($3.5M) | ($869.7M) | ($866.3M) |
| Debt issuance costs | $0 | — | ($1.9M) | ($1.9M) |
| Dividends paid | ($68.2M) | ($34.2M) | ($98.0M) | ($65.7M) |
| Shares issued to employees, net of shares withheld | -9.6M | -11.1M | 7.7M | -2.0M |
| Repurchases of ordinary shares | -50.4M | -50.4M | -253.1M | -253.1M |
| Net cash provided by (used for) financing activities | ($196.5M) | ($99.2M) | ($909.6M) | ($714.0M) |
| Effect of exchange rate changes on cash and cash equivalents | $2.2M | $900.0K | $29.1M | $30.0M |
| Change in cash and cash equivalents | $18.5M | ($47.5M) | ($63.0M) | ($64.1M) |
| Cash and cash equivalents, beginning of period | $237.5M | $237.5M | $131.2M | $131.2M |
| Cash and cash equivalents within assets held for sale, beginning of period | $0 | $0 | $58.7M | $58.7M |
| Less: Cash and cash equivalents within assets held for sale, end of period | $0 | $0 | $0 | $0 |
| Cash and cash equivalents, end of period | $256.0M | $190.0M | $126.9M | $125.8M |
nVent Electric plc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.