nVent Electric plc income statement
In fiscal 2025, nVent Electric plc reported revenue of $3.89bn, up 29.5% on the year before, operating income of $617m (a 15.8% margin) and net income of $710m, or $4.31 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,116 | 2,098 | 2,214 | 2,204 | 1,999 | 2,462 | 2,295 | 2,669 | 3,006 | 3,893 | 5,295 |
| Cost of revenue | — | 1,256 | 1,338 | 1,338 | 1,249 | 1,520 | 1,472 | 1,594 | 1,797 | 2,424 | 3,360 |
| Gross profit | 836 | 842 | 876 | 866 | 749 | 942 | 823 | 1,075 | 1,209 | 1,469 | 1,935 |
| Research and development | 41 | 43 | 46 | 48 | 44 | 49 | 46 | 55 | 66 | 79 | 93 |
| Selling, general and administrative | 462 | 483 | 520 | 485 | 447 | 538 | 468 | 557 | 616 | 774 | 900 |
| Operating income | 333 | 316 | 311 | 333 | 38 | 355 | 309 | 463 | 527 | 617 | 943 |
| Interest expense | 1 | 0 | 31 | 45 | 36 | 32 | 31 | 79 | — | — | — |
| Net interest income | — | — | — | — | — | — | −31 | −79 | −106 | −75 | −75 |
| Income before tax | 315 | 313 | 269 | 257 | −10 | 321 | 336 | 375 | 429 | 550 | 875 |
| Income tax | 56 | −48 | 38 | 35 | 38 | 48 | 43 | −84 | 188 | 122 | 201 |
| Net income | 259 | 362 | 231 | 223 | −47 | 273 | 400 | 567 | 332 | 710 | 680 |
| Diluted EPS | — | $2.00 | $1.28 | $1.29 | −$0.28 | $1.61 | $2.38 | $3.37 | $1.97 | $4.31 | $4.14 |
| Diluted shares (average) | 181m | 181m | 181m | 173m | 170m | 170m | 168m | 168m | 168m | 165m | 164m |
| EBITDA | 367 | 353 | 347 | 369 | 77 | 396 | 345 | 506 | 578 | 678 | 1,010 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 752 | 809 | 963 | 1,054 | 1,067 | 1,242 | 1,471 | 1,515 |
| Cost of revenue | 453 | 496 | 591 | 659 | 678 | 796 | 913 | 972 |
| Gross profit | 300 | 314 | 372 | 395 | 389 | 446 | 558 | 543 |
| Research and development | 17 | 18 | 19 | 21 | 21 | 23 | 25 | 24 |
| Selling, general and administrative | 165 | 166 | 196 | 208 | 204 | 227 | 233 | 236 |
| Operating income | 117 | 130 | 157 | 166 | 164 | 196 | 301 | 282 |
| Net interest income | −29 | −17 | −18 | −21 | −19 | −18 | −17 | −21 |
| Income before tax | 99 | 112 | 138 | 144 | 156 | 177 | 282 | 260 |
| Income tax | 116 | 25 | 31 | 25 | 41 | 37 | 66 | 58 |
| Net income | 11 | 361 | 110 | 121 | 119 | 142 | 216 | 202 |
| Diluted EPS | $0.06 | $2.16 | $0.67 | $0.74 | $0.72 | $0.87 | $1.32 | $1.23 |
| EBITDA | 131 | 144 | 171 | 183 | 180 | 213 | 318 | 300 |
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