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nVent Electric plc key statistics and ratios

In fiscal 2025, nVent Electric plc had return on equity of 20.4% and a net margin of 18.2%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Net margin12.2%17.2%10.4%10.1%−2.4%11.1%17.4%21.2%11.0%18.2%12.8%
Return on equity7.4%9.9%7.1%8.4%−1.9%11.1%15.3%19.3%10.4%20.4%17.3%
Return on assets5.8%7.8%5.0%4.8%−1.0%6.0%8.3%10.3%5.1%10.5%9.1%
Effective tax rate17.7%−15.4%14.1%13.5%—14.9%12.8%−22.5%43.9%22.1%23.0%
R&D as % of revenue1.9%2.0%2.1%2.2%2.2%2.0%2.0%2.1%2.2%2.0%1.8%
SG&A as % of revenue21.9%23.0%23.5%22.0%22.4%21.8%20.4%20.9%20.5%19.9%17.0%
Dividends ÷ net income0.0%0.0%27.3%54.2%—43.1%29.3%20.6%38.2%18.4%19.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 6 checks passed · September 30, 2026
What it owns · $8.1bn
Short-term assets $3.0bnLonger-term assets $5.1bn
What it owes, and who funded it · $8.1bn
Short-term liabilities $1.2bnLonger-term liabilities $2.8bnShareholders' equity $4.1bn
  • Short-term assets cover short-term liabilities $3.0bn of assets due within a year against $1.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3.0bn short-term assets against $2.8bn of longer-dated liabilities.
  • More cash than debt $1.1bn of cash against $2.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 53% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 41% to 53% over five years.
  • A year's operating cash flow covers at least 20% of debt $774m of operating cash flow against $2.2bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From nVent Electric plc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

62 /100

Moderate moat

How hard nVent Electric's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 9 / 20

    Net income has been a median 6.3% of total assets over 9 years.

  • Pricing power 14 / 20

    Gross margin has been a median 38.6%, moving by 1.2 percentage points (standard deviation) across 9 years.

  • Durability 6 / 20

    Operating margin has been a median 15.3%; its worst year was 2.3%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 9 of 9 years, at a median 12.6% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 2.9% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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More: Electrical Components & Equipment stocks compared, Industrials sector, rankings of US companies

Figures from nVent Electric plc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to nVent Electric plc.