Recent News
On March 18, 2026 the company hosted Investor Day, outlining a portfolio transformation and refreshed growth targets. On May 1, 2026 nVent published first-quarter 2026 financial results and raised full-year guidance. On May 16, 2026 the Board approved a three‑year share repurchase program authorizing up to $500 million beginning July 23, 2026. On June 10–11, 2026 the company named a Chief Strategy Officer and Chief Revenue Officer and released its annual report and financial statements.
Technical Analysis
Directional indicators: ADX at 20.61 signals an emerging trend while DI+ (22.45, decreasing) and DI- (21.54, increasing) show a recent shift toward bearish directional pressure; the short-term directional balance favors downside risk to the near-term price path.
MACD: MACD stands at 3.31 and the MACD line trends downward below its signal line (5.34), indicating bearish momentum and a lack of bullish crossover to support immediate upside versus the current valuation backdrop.
MRO: MRO equals 28.43 and trends down; because MRO sits positive, the price resides above the internal target and exhibits downward potential toward that target as momentum eases.
RSI: RSI at 59.5 with a peak-and-reversal pattern signals waning buying pressure and increases the probability of a corrective phase from recent highs rather than a continuation leg higher.
Price vs averages and bands: Last close $164.52 trades below the 20-day average ($167.19) but above the 50-day ($152.51) and 200-day ($117.58), indicating short-term weakness inside a longer-term uptrend; price sits modestly above the Bollinger 1x lower band ($161.29), implying limited immediate downside room before volatility-driven support.
Ichimoku and EMAs: Price falls below the Tenkan‑Sen (165.5) and Kijun‑Sen (165.1) while the 12‑day EMA shows a peak-and-reversal, reinforcing short-term bearish pressure despite higher longer-term averages.
Volume and volatility: Current volume (1,583,634) runs below 10/50/200‑day averages and 42‑ and 52‑week volatility at ~3% suggests lower participation on recent moves, reducing conviction for a sustainable breakout while elevating the role of corporate catalysts in driving direction.
Fundamental Analysis
Profitability and margins: EBIT equals $194.4M and operating margin sits at 15.757% with EBIT margin at 15.652%; EBIT margin compares above the industry peer mean (13.738%) but slightly below the industry peer median (16.28%). QoQ EBIT margin declined roughly 4.811% and YoY declined about 1.727%, indicating compression relative to the most recent quarter despite positive absolute margin levels.
Revenue and growth: Total revenue reached $1,242.0M. Reported revenue growth (period measure) equals 16.434%, while the provided revenue growth YoY figure registers 116.493%; year‑over‑year revenue figures and QoQ dynamics show meaningful expansion versus trailing baselines and a 12.638% sequential revenue growth rate for the most recent quarter.
Earnings and cash flow: Net income totaled $142.4M and EPS of $1.09 exceeded the $0.94 estimate, producing a ~15.96% EPS surprise. Operating cash flow was $85.2M, free cash flow $49.1M and free cash flow yield equals 0.246%, which sits above the industry peer mean of 0.106% for the same metric. Cash conversion and coverage metrics show operability: interest coverage about 11.11x and cash conversion ratio above 1.6.
Leverage and capital structure: Net debt approximates $1.367B with debt/EBITDA near 6.73x and debt/equity 0.447, consistent with a levered profile but supported by healthy interest coverage. Return on equity registers 3.75% while return on invested capital sits near 2.88%—positive absolute returns though modest relative to high valuation multiples.
Valuation: Price multiples show a PE of ~113.10 and a price/book of ~5.25; PE sits below the industry peer mean (~170.20) while price/book reports below the industry peer mean (~6.49). WMDST values the stock as under-valued, yet elevated multiples reflect market expectations embedded in forward estimates (forward PE ~81.18) and a broad analyst price target range from $107.79 to $289.89 with a mean near $201.49.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-01 |
| NEXT REPORT DATE: | 2026-07-31 |
| CASH FLOW | Begin Period Cash Flow | $ 237.5 M |
| Operating Cash Flow | $ 85.2 M | |
| Capital Expenditures | $ -36.10 M | |
| Change In Working Capital | $ -124.60 M | |
| Dividends Paid | $ -34.20 M | |
| Cash Flow Delta | $ -47.50 M | |
| End Period Cash Flow | $ 190.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.2 B | |
| Forward Revenue | $ 495.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 796.4 M | |
| Depreciation | $ 16.8 M | |
| Depreciation and Amortization | $ 57.9 M | |
| Research and Development | $ 22.7 M | |
| Total Operating Expenses | $ 1.0 B | |
| PROFITABILITY | ||
| Gross Profit | $ 445.6 M | |
| EBITDA | $ 252.3 M | |
| EBIT | $ 194.4 M | |
| Operating Income | $ 195.7 M | |
| Interest Income | — | |
| Interest Expense | $ 17.5 M | |
| Net Interest Income | $ -17.50 M | |
| Income Before Tax | $ 176.9 M | |
| Tax Provision | $ 36.5 M | |
| Tax Rate | 20.633 % | |
| Net Income | $ 142.4 M | |
| Net Income From Continuing Operations | $ 140.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.94 | |
| EPS Actual | $ 1.09 | |
| EPS Difference | $ 0.15 | |
| EPS Surprise | 15.957 % | |
| Forward EPS | $ 1.40 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 7.0 B | |
| Intangible Assets | $ 4.5 B | |
| Net Tangible Assets | $ -713.70 M | |
| Total Current Assets | $ 1.8 B | |
| Cash and Short-Term Investments | $ 190.0 M | |
| Cash | $ 190.0 M | |
| Net Receivables | $ 828.5 M | |
| Inventory | $ 512.0 M | |
| Long-Term Investments | $ 24.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 422.0 M | |
| Short-Term Debt | $ 13.8 M | |
| Total Current Liabilities | $ 1.1 B | |
| Net Debt | $ 1.4 B | |
| Total Debt | $ 1.7 B | |
| Total Liabilities | $ 3.2 B | |
| EQUITY | ||
| Total Equity | $ 3.8 B | |
| Retained Earnings | $ 1.8 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 23.48 | |
| Shares Outstanding | 161.720 M | |
| Revenue Per-Share | $ 7.68 | |
| VALUATION | Market Capitalization | $ 19.9 B |
| Enterprise Value | $ 21.4 B | |
| Enterprise Multiple | 84.994 | |
| Enterprise Multiple QoQ | 5.236 % | |
| Enterprise Multiple YoY | 47.462 % | |
| Enterprise Multiple IPRWA | high: 285.107 mean: 118.316 median: 114.236 NVT: 84.994 low: -72.189 |
|
| EV/R | 17.266 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.834 | |
| Asset To Liability | 2.199 | |
| Debt To Capital | 0.309 | |
| Debt To Assets | 0.244 | |
| Debt To Assets QoQ | -1.443 % | |
| Debt To Assets YoY | -12.537 % | |
| Debt To Assets IPRWA | high: 0.804 mean: 0.336 median: 0.325 NVT: 0.244 low: 0.001 |
|
| Debt To Equity | 0.447 | |
| Debt To Equity QoQ | -1.613 % | |
| Debt To Equity YoY | -13.777 % | |
| Debt To Equity IPRWA | high: 3.2 mean: 1.074 median: 0.769 NVT: 0.447 low: -0.74 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 5.251 | |
| Price To Book QoQ | 13.253 % | |
| Price To Book YoY | 103.787 % | |
| Price To Book IPRWA | high: 10.313 median: 7.533 mean: 6.495 NVT: 5.251 low: -3.004 |
|
| Price To Earnings (P/E) | 113.099 | |
| Price To Earnings QoQ | -4.821 % | |
| Price To Earnings YoY | 33.883 % | |
| Price To Earnings IPRWA | high: 447.245 mean: 170.202 median: 136.151 NVT: 113.099 low: -128.467 |
|
| PE/G Ratio | 5.357 | |
| Price To Sales (P/S) | 16.052 | |
| Price To Sales QoQ | -1.003 % | |
| Price To Sales YoY | 39.414 % | |
| Price To Sales IPRWA | high: 82.536 mean: 29.061 median: 19.938 NVT: 16.052 low: 1.074 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 81.178 | |
| Forward PE/G | 3.845 | |
| Forward P/S | 40.607 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 0.659 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.18 | |
| Asset Turnover Ratio QoQ | 14.784 % | |
| Asset Turnover Ratio YoY | 49.551 % | |
| Asset Turnover Ratio IPRWA | high: 0.268 NVT: 0.18 mean: 0.17 median: 0.166 low: 0.0 |
|
| Receivables Turnover | 1.633 | |
| Receivables Turnover Ratio QoQ | 7.993 % | |
| Receivables Turnover Ratio YoY | 3.054 % | |
| Receivables Turnover Ratio IPRWA | high: 2.698 NVT: 1.633 mean: 1.33 median: 1.268 low: 0.067 |
|
| Inventory Turnover | 1.619 | |
| Inventory Turnover Ratio QoQ | 10.715 % | |
| Inventory Turnover Ratio YoY | 19.961 % | |
| Inventory Turnover Ratio IPRWA | high: 3.043 NVT: 1.619 median: 0.973 mean: 0.937 low: 0.063 |
|
| Days Sales Outstanding (DSO) | 55.892 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 69.557 | |
| Cash Conversion Cycle Days QoQ | -8.602 % | |
| Cash Conversion Cycle Days YoY | -7.188 % | |
| Cash Conversion Cycle Days IPRWA | high: 292.136 mean: 104.88 median: 96.94 NVT: 69.557 low: -68.551 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.694 | |
| CapEx To Revenue | -0.029 | |
| CapEx To Depreciation | -2.149 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.3 B | |
| Net Invested Capital | $ 5.4 B | |
| Invested Capital | $ 5.4 B | |
| Net Tangible Assets | $ -713.70 M | |
| Net Working Capital | $ 733.3 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.18 | |
| Current Ratio | 1.695 | |
| Current Ratio QoQ | 3.745 % | |
| Current Ratio YoY | -40.853 % | |
| Current Ratio IPRWA | high: 16.112 mean: 2.025 NVT: 1.695 median: 1.494 low: 0.648 |
|
| Quick Ratio | 1.21 | |
| Quick Ratio QoQ | 3.964 % | |
| Quick Ratio YoY | -49.922 % | |
| Quick Ratio IPRWA | high: 7.3 mean: 1.426 NVT: 1.21 median: 0.979 low: 0.178 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.728 | |
| Cost Of Debt | 0.819 % | |
| Interest Coverage Ratio | 11.109 | |
| Interest Coverage Ratio QoQ | 20.966 % | |
| Interest Coverage Ratio YoY | 49.953 % | |
| Interest Coverage Ratio IPRWA | high: 62.767 mean: 13.956 median: 11.443 NVT: 11.109 low: -87.826 |
|
| Operating Cash Flow Ratio | 0.083 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 52.565 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 4.164 | |
| Dividend Payout Ratio | 0.24 | |
| Dividend Rate | $ 0.21 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.601 % | |
| Revenue Growth | 16.434 % | |
| Revenue Growth QoQ | 1263.817 % | |
| Revenue Growth YoY | 116.493 % | |
| Revenue Growth IPRWA | high: 69.221 % NVT: 16.434 % median: 5.613 % mean: 0.501 % low: -108.06 % |
|
| Earnings Growth | 21.111 % | |
| Earnings Growth QoQ | -2020.928 % | |
| Earnings Growth YoY | 55.697 % | |
| Earnings Growth IPRWA | high: 57.143 % NVT: 21.111 % mean: -10.216 % median: -13.971 % low: -95.658 % |
|
| MARGINS | ||
| Gross Margin | 35.878 % | |
| Gross Margin QoQ | -1.591 % | |
| Gross Margin YoY | -7.44 % | |
| Gross Margin IPRWA | high: 65.683 % NVT: 35.878 % median: 35.593 % mean: 33.731 % low: -77.993 % |
|
| EBIT Margin | 15.652 % | |
| EBIT Margin QoQ | -4.811 % | |
| EBIT Margin YoY | -1.727 % | |
| EBIT Margin IPRWA | high: 81.565 % median: 16.28 % NVT: 15.652 % mean: 13.738 % low: -219.022 % |
|
| Return On Sales (ROS) | 15.757 % | |
| Return On Sales QoQ | 2.611 % | |
| Return On Sales YoY | -1.067 % | |
| Return On Sales IPRWA | high: 23.282 % NVT: 15.757 % median: 15.729 % mean: 13.022 % low: -214.546 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 49.1 M | |
| Free Cash Flow Yield | 0.246 % | |
| Free Cash Flow Yield QoQ | -74.322 % | |
| Free Cash Flow Yield YoY | -41.429 % | |
| Free Cash Flow Yield IPRWA | high: 1.833 % NVT: 0.246 % median: 0.211 % mean: 0.106 % low: -8.817 % |
|
| Free Cash Growth | -70.368 % | |
| Free Cash Growth QoQ | 301.621 % | |
| Free Cash Growth YoY | -12.327 % | |
| Free Cash Growth IPRWA | high: 364.195 % mean: -55.172 % NVT: -70.368 % median: -80.038 % low: -262.564 % |
|
| Free Cash To Net Income | 0.345 | |
| Cash Flow Margin | 7.069 % | |
| Cash Flow To Earnings | 0.617 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.062 % | |
| Return On Assets QoQ | 18.166 % | |
| Return On Assets YoY | -61.523 % | |
| Return On Assets IPRWA | high: 4.838 % NVT: 2.062 % median: 1.798 % mean: 1.739 % low: -31.926 % |
|
| Return On Capital Employed (ROCE) | 3.291 % | |
| Return On Equity (ROE) | 0.038 | |
| Return On Equity QoQ | 17.771 % | |
| Return On Equity YoY | -62.396 % | |
| Return On Equity IPRWA | high: 0.103 mean: 0.046 median: 0.044 NVT: 0.038 low: -0.688 |
|
| DuPont ROE | 3.784 % | |
| Return On Invested Capital (ROIC) | 2.882 % | |
| Return On Invested Capital QoQ | 17.298 % | |
| Return On Invested Capital YoY | 54.118 % | |
| Return On Invested Capital IPRWA | high: 6.031 % mean: 2.958 % NVT: 2.882 % median: 2.334 % low: -9.166 % |
|