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
DateValue
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