Recent News
On January 18, 2026 the company announced new modular liquid-cooling and power solutions for data centers. On February 22, 2026 nVent postponed its planned Investor Day due to a weather-related state of emergency in the New York area; the event rescheduled to March 18, 2026. On March 18, 2026 management presented updated three‑year growth and financial targets at the rescheduled Investor Day and noted recognition as one of the 2026 World’s Most Ethical Companies.
Technical Analysis
Directional indicators show a weakening directional bias: ADX at 15.53 indicates no established trend, while DI+ at 23.88 has a peak & reversal (bearish) and DI- at 21.09 shows a dip & reversal (bearish). Collectively, directional readings point toward deteriorating trend conviction and greater chance of range-bound price action near current levels.
MACD registers at 1.38 with the MACD signal at 1.31, producing a slight cross above the signal line (a short-term bullish signal), but the MACD_trend reads peak & reversal which signals weakening momentum despite the recent cross.
MRO at 20.6 sits positive, which implies price currently sits above the WMDST target and therefore faces net downside pressure toward that target in the near term.
RSI at 52.78 with a peak & reversal indicates neutral absolute strength but a recent loss of upward momentum; the reading supports a cautious near-term bias rather than conviction for a sustained breakout.
Price sits below short-term averages and above longer-term averages: the close of $112.75 lies under the 20‑day average of $117.06 and below the 12‑day EMA (trend: peak & reversal), signaling short-term pressure, while the close remains comfortably above the 200‑day average of $99.23, which preserves a constructive longer-term base. Bollinger band context places the 1x lower band near $110.59 and the 1x upper band near $123.53; volatility measures remain moderate, and volume sits below the 10‑ and 50‑day averages, reducing conviction behind any large intraday moves.
Fundamental Analysis
On February 6, 2026 the company reported results for the period ending December 31, 2025. Total revenue for the reported period stands at $1,066,700,000 and net income at $118,800,000; reported EPS equaled $0.90 versus an estimate of $0.90, producing an EPS surprise of 0.31%.
Profitability profile: EBIT totaled $175,400,000 and EBITDA $232,200,000. EBIT margin registers at 16.44%, which sits above the industry peer mean of 15.02% but below the industry peer median of 19.35%. QoQ movement shows EBIT margin up 4.97% quarter-over-quarter while down 3.75% year-over-year, indicating recent margin resilience but a step-back relative to the prior-year period.
Revenue growth reads 1.21% overall; reported quarter-over-quarter change shows a -87.23% movement while the year-over-year value displays -131.62% as provided. Operating margin at 15.36% runs below the industry peer mean of 17.42%, and gross margin at 36.46% sits marginally above the industry peer mean of 35.41%.
Leverage and cash flow: net debt totals $1,322,300,000 against a market capitalization of $17,296,051,642, implying net debt approximates 7.6% of market cap. Debt to EBITDA reads 7.30x, indicating elevated leverage relative to typical industrial benchmarks; interest coverage stands at 9.18, which maintains capacity to service debt. Free cash flow reached $165,700,000, producing a free cash flow yield of 0.96%, slightly below the industry peer mean of 1.04%.
Valuation metrics: trailing P/E equals 118.83 versus an industry peer mean of 116.92 (slightly above the peer mean). Price-to-book sits at 4.64 while the industry peer mean equals 5.94, putting book-value multiples below peer average. Forward P/E appears at 84.93, a touch above the industry peer forward mean of 83.03. WMDST values the stock as fair-valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-06 |
| NEXT REPORT DATE: | 2026-05-08 |
| CASH FLOW | Begin Period Cash Flow | $ 126.9 M |
| Operating Cash Flow | $ 202.4 M | |
| Capital Expenditures | $ -36.70 M | |
| Change In Working Capital | $ 41.9 M | |
| Dividends Paid | $ -32.40 M | |
| Cash Flow Delta | $ 110.6 M | |
| End Period Cash Flow | $ 237.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.1 B | |
| Forward Revenue | $ 444.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 677.8 M | |
| Depreciation | $ 15.7 M | |
| Depreciation and Amortization | $ 56.8 M | |
| Research and Development | $ 21.3 M | |
| Total Operating Expenses | $ 902.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 388.9 M | |
| EBITDA | $ 232.2 M | |
| EBIT | $ 175.4 M | |
| Operating Income | $ 163.8 M | |
| Interest Income | — | |
| Interest Expense | $ 19.1 M | |
| Net Interest Income | $ -19.10 M | |
| Income Before Tax | $ 156.3 M | |
| Tax Provision | $ 40.5 M | |
| Tax Rate | 25.912 % | |
| Net Income | $ 118.8 M | |
| Net Income From Continuing Operations | $ 115.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.90 | |
| EPS Actual | $ 0.90 | |
| EPS Difference | $ 0.00 | |
| EPS Surprise | 0.31 % | |
| Forward EPS | $ 1.22 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 6.9 B | |
| Intangible Assets | $ 4.6 B | |
| Net Tangible Assets | $ -824.30 M | |
| Total Current Assets | $ 1.6 B | |
| Cash and Short-Term Investments | $ 237.5 M | |
| Cash | $ 237.5 M | |
| Net Receivables | $ 693.0 M | |
| Inventory | $ 471.9 M | |
| Long-Term Investments | $ 29.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 358.9 M | |
| Short-Term Debt | $ 13.8 M | |
| Total Current Liabilities | $ 1.0 B | |
| Net Debt | $ 1.3 B | |
| Total Debt | $ 1.7 B | |
| Total Liabilities | $ 3.1 B | |
| EQUITY | ||
| Total Equity | $ 3.7 B | |
| Retained Earnings | $ 1.7 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 23.06 | |
| Shares Outstanding | 161.729 M | |
| Revenue Per-Share | $ 6.60 | |
| VALUATION | Market Capitalization | $ 17.3 B |
| Enterprise Value | $ 18.8 B | |
| Enterprise Multiple | 80.765 | |
| Enterprise Multiple QoQ | 7.64 % | |
| Enterprise Multiple YoY | 19.171 % | |
| Enterprise Multiple IPRWA | high: 292.919 mean: 88.699 median: 87.672 NVT: 80.765 low: -68.969 |
|
| EV/R | 17.581 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.837 | |
| Asset To Liability | 2.195 | |
| Debt To Capital | 0.312 | |
| Debt To Assets | 0.247 | |
| Debt To Assets QoQ | -3.284 % | |
| Debt To Assets YoY | 4341.472 % | |
| Debt To Assets IPRWA | high: 0.68 mean: 0.291 median: 0.255 NVT: 0.247 low: 0.001 |
|
| Debt To Equity | 0.454 | |
| Debt To Equity QoQ | -4.708 % | |
| Debt To Equity YoY | 3824.266 % | |
| Debt To Equity IPRWA | high: 2.049 mean: 0.594 median: 0.542 NVT: 0.454 low: 0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.637 | |
| Price To Book QoQ | 10.785 % | |
| Price To Book YoY | 29.247 % | |
| Price To Book IPRWA | high: 7.654 median: 6.811 mean: 5.944 NVT: 4.637 low: 0.523 |
|
| Price To Earnings (P/E) | 118.827 | |
| Price To Earnings QoQ | -6.584 % | |
| Price To Earnings YoY | -0.393 % | |
| Price To Earnings IPRWA | high: 265.806 NVT: 118.827 mean: 116.92 median: 99.348 low: -66.062 |
|
| PE/G Ratio | -108.123 | |
| Price To Sales (P/S) | 16.215 | |
| Price To Sales QoQ | 12.519 % | |
| Price To Sales YoY | 5.007 % | |
| Price To Sales IPRWA | high: 43.073 mean: 21.675 median: 18.753 NVT: 16.215 low: -26.375 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 84.929 | |
| Forward PE/G | -77.278 | |
| Forward P/S | 39.609 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 5.178 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.157 | |
| Asset Turnover Ratio QoQ | 0.384 % | |
| Asset Turnover Ratio YoY | 42.173 % | |
| Asset Turnover Ratio IPRWA | high: 0.501 mean: 0.188 median: 0.172 NVT: 0.157 low: -0.036 |
|
| Receivables Turnover | 1.512 | |
| Receivables Turnover Ratio QoQ | 4.081 % | |
| Receivables Turnover Ratio YoY | 0.398 % | |
| Receivables Turnover Ratio IPRWA | high: 1.985 NVT: 1.512 mean: 1.347 median: 1.289 low: 0.153 |
|
| Inventory Turnover | 1.462 | |
| Inventory Turnover Ratio QoQ | -3.437 % | |
| Inventory Turnover Ratio YoY | 17.327 % | |
| Inventory Turnover Ratio IPRWA | high: 2.323 NVT: 1.462 mean: 0.957 median: 0.955 low: 0.332 |
|
| Days Sales Outstanding (DSO) | 60.36 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 76.103 | |
| Cash Conversion Cycle Days QoQ | -4.612 % | |
| Cash Conversion Cycle Days YoY | -5.19 % | |
| Cash Conversion Cycle Days IPRWA | high: 282.34 mean: 108.091 median: 84.944 low: 77.841 NVT: 76.103 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.677 | |
| CapEx To Revenue | -0.034 | |
| CapEx To Depreciation | -2.338 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.3 B | |
| Net Invested Capital | $ 5.3 B | |
| Invested Capital | $ 5.3 B | |
| Net Tangible Assets | $ -824.30 M | |
| Net Working Capital | $ 636.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.237 | |
| Current Ratio | 1.634 | |
| Current Ratio QoQ | 3.796 % | |
| Current Ratio YoY | -5.728 % | |
| Current Ratio IPRWA | high: 6.631 mean: 2.09 NVT: 1.634 median: 1.547 low: 1.038 |
|
| Quick Ratio | 1.164 | |
| Quick Ratio QoQ | 5.2 % | |
| Quick Ratio YoY | -9.352 % | |
| Quick Ratio IPRWA | high: 2.079 NVT: 1.164 mean: 1.01 median: 0.815 low: 0.539 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 7.3 | |
| Cost Of Debt | 0.95 % | |
| Interest Coverage Ratio | 9.183 | |
| Interest Coverage Ratio QoQ | 16.251 % | |
| Interest Coverage Ratio YoY | 110.107 % | |
| Interest Coverage Ratio IPRWA | high: 42.37 median: 19.5 mean: 15.854 NVT: 9.183 low: -57.382 |
|
| Operating Cash Flow Ratio | 0.202 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 48.414 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.667 | |
| Dividend Payout Ratio | 0.273 | |
| Dividend Rate | $ 0.20 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.274 % | |
| Revenue Growth | 1.205 % | |
| Revenue Growth QoQ | -87.232 % | |
| Revenue Growth YoY | -131.619 % | |
| Revenue Growth IPRWA | high: 49.829 % mean: 4.439 % NVT: 1.205 % median: 0.959 % low: -78.064 % |
|
| Earnings Growth | -1.099 % | |
| Earnings Growth QoQ | -92.124 % | |
| Earnings Growth YoY | -82.69 % | |
| Earnings Growth IPRWA | high: 200.0 % mean: 23.651 % median: 8.203 % NVT: -1.099 % low: -128.571 % |
|
| MARGINS | ||
| Gross Margin | 36.458 % | |
| Gross Margin QoQ | -2.644 % | |
| Gross Margin YoY | -8.436 % | |
| Gross Margin IPRWA | high: 44.281 % median: 36.825 % NVT: 36.458 % mean: 35.406 % low: -12.055 % |
|
| EBIT Margin | 16.443 % | |
| EBIT Margin QoQ | 4.973 % | |
| EBIT Margin YoY | -3.746 % | |
| EBIT Margin IPRWA | high: 22.162 % median: 19.348 % NVT: 16.443 % mean: 15.021 % low: -114.823 % |
|
| Return On Sales (ROS) | 15.356 % | |
| Return On Sales QoQ | -2.675 % | |
| Return On Sales YoY | -10.109 % | |
| Return On Sales IPRWA | high: 22.855 % median: 19.646 % mean: 17.417 % NVT: 15.356 % low: -96.362 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 165.7 M | |
| Free Cash Flow Yield | 0.958 % | |
| Free Cash Flow Yield QoQ | -27.589 % | |
| Free Cash Flow Yield YoY | -43.845 % | |
| Free Cash Flow Yield IPRWA | high: 3.815 % median: 1.189 % mean: 1.042 % NVT: 0.958 % low: -14.429 % |
|
| Free Cash Growth | -17.521 % | |
| Free Cash Growth QoQ | -97.477 % | |
| Free Cash Growth YoY | -343.449 % | |
| Free Cash Growth IPRWA | high: 198.504 % mean: 39.029 % median: 34.101 % NVT: -17.521 % low: -225.457 % |
|
| Free Cash To Net Income | 1.395 | |
| Cash Flow Margin | 18.965 % | |
| Cash Flow To Earnings | 1.703 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.745 % | |
| Return On Assets QoQ | -2.786 % | |
| Return On Assets YoY | 1011.465 % | |
| Return On Assets IPRWA | high: 3.87 % median: 2.764 % mean: 1.897 % NVT: 1.745 % low: -7.551 % |
|
| Return On Capital Employed (ROCE) | 2.999 % | |
| Return On Equity (ROE) | 0.032 | |
| Return On Equity QoQ | -4.641 % | |
| Return On Equity YoY | 865.152 % | |
| Return On Equity IPRWA | high: 0.219 median: 0.058 mean: 0.049 NVT: 0.032 low: -0.116 |
|
| DuPont ROE | 3.228 % | |
| Return On Invested Capital (ROIC) | 2.457 % | |
| Return On Invested Capital QoQ | -5.79 % | |
| Return On Invested Capital YoY | -102.389 % | |
| Return On Invested Capital IPRWA | high: 6.694 % median: 4.077 % mean: 3.532 % NVT: 2.457 % low: -7.193 % |
|