nVent Electric (NVT) Cost of Revenue (2017 - 2026)
nVent Electric (NVT) recorded quarterly Cost of Revenue of $796.4 million in Q1 2026, up 17.5% quarter-over-quarter from $677.8 million in Q4 2025, and up 60.69% on a YoY basis from $495.6 million in Q1 2025.
nVent Electric (NVT) Cost of Revenue (2017 - 2026) Analysis & Trends
nVent Electric's Cost of Revenue history runs 10 years deep, the most recent figure standing at $796.4 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 60.69% year-over-year to $796.4 million; the TTM figure through Mar 2026 stood at $2.7 billion (up 47.18% YoY), while the FY2025 annual figure was $2.4 billion, up 34.89% from the prior year.
- Cost of Revenue was $796.4 million for Q1 2026 at nVent Electric, up from $677.8 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $796.4 million in Q1 2026 to a low of $109.9 million in Q4 2022.
- Historically, Cost of Revenue has averaged $484.6 million across 5 years, with a median of $455.2 million in 2022.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue sank 73.94% in 2022, then soared 276.71% in 2023.
- A 5-year view of Cost of Revenue shows it stood at $109.9 million in 2022, then jumped by 276.71% to $414.0 million in 2023, then climbed by 9.35% to $452.7 million in 2024, then surged by 49.72% to $677.8 million in 2025, then advanced by 17.5% to $796.4 million in 2026.
- The last three Cost of Revenue figures came in at $796.4 million (Q1 2026), $677.8 million (Q4 2025), and $659.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 1.65 Bn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 525.51 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 796.40 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 1.01 Bn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 310.10 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 208.68 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 28.04 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 535.30 Mn |
| 10 | EnerSys | 8.53 Bn | 8.10 Bn | 290.87 Mn | 398.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 796.40 Mn |
| Mar 31, 2026 | 796.40 Mn |
| Dec 31, 2025 | 677.80 Mn |
| Dec 31, 2025 | 677.80 Mn |
| Sep 30, 2025 | 659.30 Mn |
| Sep 30, 2025 | 659.30 Mn |
| Jun 30, 2025 | 591.30 Mn |
| Jun 30, 2025 | 591.30 Mn |
| Mar 31, 2025 | 495.60 Mn |
| Mar 31, 2025 | 495.60 Mn |
| Dec 31, 2024 | 452.70 Mn |
| Dec 31, 2024 | 452.70 Mn |
| Sep 30, 2024 | 470.90 Mn |
| Sep 30, 2024 | 470.90 Mn |
| Jun 30, 2024 | 432.20 Mn |
| Jun 30, 2024 | 432.20 Mn |
| Mar 31, 2024 | 441.20 Mn |
| Mar 31, 2024 | 441.20 Mn |
| Dec 31, 2023 | 414.00 Mn |
| Dec 31, 2023 | 414.00 Mn |