Recent News
On January 23, 2026 the company announced it would report fourth-quarter 2025 financial results on February 6, 2026. The company rescheduled its 2026 Investor Day to March 18, 2026 after an earlier postponement tied to regional weather; Investor Day materials outlined updated portfolio and growth priorities. On March 23, 2026 multiple STOXX theme indices added nVent to their low-carbon and global index compositions.
Technical Analysis
ADX at 16.39 indicates no established trend; momentum appears range-biased rather than trending. This supports a cautious view on breakout durability relative to short-term moves.
DI+ at 23.65 (increasing) signals bullish directional pressure; DI- at 19.76 (decreasing) reinforces that directional bias. Both indicators align with the current upside price bias and the stated near-term momentum in the introduction.
MACD at 1.16, with the MACD line increasing and above its signal line (0.46), provides a bullish momentum confirmation and supports continuation of the recent upward move toward analyst targets.
MRO at 22.37 (positive) indicates the market price sits above the model target and implies potential mean-reversion pressure; this moderates the bullish momentum signal by suggesting vulnerability to pullbacks toward fair value levels.
RSI at 54.52 (increasing) shows momentum in buyer control without overbought readings, compatible with additional upside room before momentum exhaustion.
Price structure shows the close at $121.00 above the 12-day EMA ($116.01), 26-day EMA ($114.68), 20-day average ($113.27), 50-day average ($113.48), and 200-day average ($97.91). Price sitting above short- and long-term averages supports the immediate bullish bias noted above, while the 20-day volatility (std dev $5.86) and proximity to the upper Bollinger band ($124.99 for 2×) suggest consolidation risk near recent highs.
Ichimoku components (Tenkan/Kijun at $113.31 and Senkou cloud between $107.03–$112.15) lie below the current price, indicating price trades above the cloud and reinforcing short-term bullish posture and support around the $112–$113 area.
Liquidity and volatility: daily volume near the 10-day average and a 42-day beta of 1.59 indicate above-market sensitivity; prepare for amplified intraday moves relative to large-cap peers when macro headlines arrive.
Fundamental Analysis
Revenue totaled $1,066,700,000 with YoY revenue growth reported at 1.205% and a year-over-year growth figure labeled as -131.619% in the provided data. Operating income equals $163,800,000 and EBIT stands at $175,400,000, producing an EBIT margin of 16.44%. EBIT margin QoQ rose by 4.97% while EBIT margin YoY declined by 3.75%—these figures point to sequential margin improvement despite a slight annual contraction.
EBIT margin (16.44%) sits above the industry peer mean of 15.02% and below the industry peer median of 19.35%, indicating margin performance that outpaces the peer average but remains short of the peer median benchmark.
Net income reached $118,800,000 and reported EPS matched the estimate at $0.90, producing a negligible EPS surprise of 0.31%. Forward EPS sits at $1.22 with a forward P/E of 84.93; the trailing P/E reads 118.83, marginally above the industry peer mean P/E of 116.92. Price-to-book stands at 4.64, below the industry peer mean of 5.94.
Cash and liquidity: cash and short-term investments total $237,500,000 while net debt tallies $1,322,300,000, yielding debt-to-EBITDA near 7.30x and an interest coverage ratio of 9.18. Free cash flow reached $165,700,000 with a free cash flow yield of 0.96% and a cash flow margin of 18.97%, supporting dividend capacity (dividend payout ratio 27.27%) but leaving limited cushion for rapid deleveraging absent operational gains or asset sales.
Asset efficiency: asset turnover at 0.1567 sits slightly below the industry peer mean of 0.1884. Return metrics show return on equity at 3.19% and return on assets at 1.745%; both reflect modest returns on invested capital versus growth-stage expectations embedded in multiples.
Valuation context: enterprise value/EBIT multiple measures at a materially elevated 80.77 and EVR at 17.58, while analyst price target mean sits at $139.74 versus a close of $121.00 — about a 15.5% premium to current price. WMDST values the stock as fair-valued, balancing above-peer margin performance and cash generation against elevated leverage and high multiples.
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 | $ 443.3 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: 105.428 median: 84.944 NVT: 76.103 low: -87.947 |
|
| 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 % |
|