NVT·Electrical Components & Equipment (datacenter power distribution, enclosures, liquid cooling, electrical connection & protection)

nVent Electric

ConvictionModerate

Designs and manufactures electrical hardware sold through distributors, electrical wholesalers, and direct to OEMs / hyperscalers; ~two-thirds organic product sales with a serial bolt-on M&A engine. Two segments: Systems Protection (enclosures, PDUs, liquid + air cooling, control buildings) and Electrical Connections (power connections, cable management, fastening). Asset-light vs peers; growth pivoting hard toward the infrastructure/datacenter vertical.

Revenuefact

$1.242B Q1 FY26 net sales / $4.33B TTM through Mar-2026$3.893B FY2025

Rev growth

+53.5% reported / +34.4% organic YoYfact, Q1 FY26); FY25 +30% reported / +13% organic

Gross margin

35.9%fact, Q1 FY26, down ~290bps YoY on Avail mix); 36.5% FY2025

Op margin

15.8% GAAPfact, Q1 FY26); FY25 ~16.3% GAAP / adj. ROS ~20%

Capex intensity

~2.4% of salesfact, FY2025 capex $93.3M / $3.893B); ~2.9% Q1 FY26 annualized

Market cap

~$27Bfact, ~$170/share late-June 2026; ATH $184.64 on 22-Jun-2026

Price · 1-year trend

real · weekly

$155+107% 1yUSD

52-week range

$74 – $184

52w lowas of 2026-07-08 · Yahoo Finance52w high

Across the boards

The thesis on this name

opportunityModerate

AI datacenter power & cooling

Full context

position · longModerate

AI datacenter power & cooling

Full context

book · long

AI datacenter power & cooling

Full context

Primary source

Reported financials — SEC EDGAR

Audited GAAP figures pulled from SEC filings · latest filing 2026-02-17. The audited primary-source spine — not investment advice.

Revenue — annual (GAAP)

FY’21

$2.5B

FY’22

$2.9B+18%

FY’23

$3.3B+12%

FY’24

$3.0B-8%

FY’25

$3.9B+30%

Margins & balance sheet — FY’25

Gross margin37.7%

Operating margin15.8%

Net margin18.2%

Net debt$1.4B

The read

Where our coverage leans

Coverage leans bullish

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Full financial intelligence for nVent Electric

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

Income statement & margin structure
SWOT, moats & dependency map
Supplier–customer ecosystem graph
Signals, trends & valuation range

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Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence