nVent Electric plc (NVT)

nVent Electric Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,307	3,006	2,669	2,295	2,462	1,999
Revenue Growth (YoY)	14.92%	12.63%	16.29%	-6.78%	23.19%	-9.32%
Cost of Revenue	2,011	1,797	1,576	1,472	1,520	1,249
Gross Profit	1,296	1,209	1,093	822.9	941.9	749.4
Selling, General & Admin	685.3	613.4	571.7	406.4	517.1	437.6
Research & Development	69.9	66.1	55.2	45.6	48.6	43.5
Operating Expenses	755.2	679.5	626.9	452	565.7	481.1
Operating Income	540.9	529.6	466	370.9	376.2	268.3
Interest Expense	-94.8	-106	-79.4	-31.2	-32.3	-36.4
Other Non Operating Income (Expenses)	12.5	12.6	-	2.4	0.8	-3.2
EBT Excluding Unusual Items	458.6	436.2	386.6	342.1	344.7	228.7
Merger & Restructuring Charges	-8.4	-7	-21.6	-5.8	-8.8	-17.7
Impairment of Goodwill	-	-	-	-	-	-212.3
Gain (Loss) on Sale of Investments	-	-	10.3	-	-	-
Asset Writedown	-	-	-	-	-	-8.2
Other Unusual Items	-	-	-	-	-15.2	-
Pretax Income	450.2	429.2	375.3	336.3	320.7	-9.5
Income Tax Expense	194.1	188.4	-84.4	43.2	47.8	37.7
Earnings From Continuing Operations	256.1	240.8	459.7	293.1	272.9	-47.2
Earnings From Discontinued Operations	329.8	91	107.4	106.7	-	-
Net Income	585.9	331.8	567.1	399.8	272.9	-47.2
Net Income to Common	585.9	331.8	567.1	399.8	272.9	-47.2
Net Income Growth	1.63%	-41.49%	41.85%	46.50%	-	-
Shares Outstanding (Basic)	164	166	166	166	168	170
Shares Outstanding (Diluted)	167	168	168	168	170	170
Shares Change (YoY)	-1.19%	-	-0.06%	-0.83%	0.06%	-1.97%
EPS (Basic)	3.57	2.00	3.42	2.40	1.63	-0.28
EPS (Diluted)	3.51	1.97	3.37	2.37	1.61	-0.28
EPS Growth	2.58%	-41.49%	41.89%	47.45%	-	-
Free Cash Flow	385.4	569.1	462.5	354.1	333.8	304
Free Cash Flow Per Share	2.31	3.38	2.75	2.10	1.97	1.79
Dividend Per Share	0.780	0.760	0.700	0.700	0.700	0.700
Dividend Growth	6.85%	8.57%	-	-	-	-
Gross Margin	39.20%	40.22%	40.95%	35.85%	38.26%	37.50%
Operating Margin	16.36%	17.62%	17.46%	16.16%	15.28%	13.42%
Profit Margin	17.72%	11.04%	21.25%	17.42%	11.08%	-2.36%
Free Cash Flow Margin	11.65%	18.93%	17.33%	15.43%	13.56%	15.21%
EBITDA	714.5	675.6	579.2	457.3	484.6	370.9
EBITDA Margin	21.61%	22.47%	21.70%	19.93%	19.68%	18.56%
D&A For EBITDA	173.6	146	113.2	86.4	108.4	102.6
EBIT	540.9	529.6	466	370.9	376.2	268.3
EBIT Margin	16.36%	17.62%	17.46%	16.16%	15.28%	13.42%
Effective Tax Rate	43.11%	43.90%	-	12.85%	14.90%	-

Updated Aug 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q