nVent Electric (NVT) Gross Margin (2017 - 2026)
nVent Electric (NVT) posted quarterly Gross Margin of 37.93% for Q2 2026, down 68.0% year-over-year from 118.52% in Q2 2025, and up 5.71% on a QoQ basis from 35.88% in Q1 2026.
nVent Electric (NVT) Gross Margin (2017 - 2026) Analysis & Trends
nVent Electric has reported Gross Margin for 10 years, with the latest figure at 37.93% in Q2 2026.
- Gross Margin for Q2 2026 came in at 37.93%, down 68.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 36.97% (down 223.0% YoY), and the FY2025 annual result was 37.74%, down 249.0% from the prior year.
- Gross Margin advanced to 37.93% in Q2 2026, from 35.88% in the prior quarter.
- Over five years, Gross Margin peaked at 41.58% in Q2 2024 and troughed at 13.94% in Q4 2022.
- A 5-year average of 37.44% and a median of 38.84% in 2022 frame the typical range for Gross Margin.
- The widest annual swing landed in 2022, when Gross Margin sank 2301 bps; it then soared 2610 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 13.94% in 2022, then soared by 187 bps to 40.04% in 2023, then decreased by 1 bps to 39.82% in 2024, then fell by 8 bps to 36.46% in 2025, then grew by 4 bps to 37.93% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 37.93% in Q2 2026, 35.88% in Q1 2026, and 36.46% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 37.71% |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 33.38% |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 37.93% |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 35.81% |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 41.13% |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 50.62% |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 30.57% |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 33.49% |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 48.70% |
| 10 | Atkore | 3.16 Bn | 2.82 Bn | 176.27 Mn | 22.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 37.93% |
| Mar 31, 2026 | 35.88% |
| Dec 31, 2025 | 36.46% |
| Sep 30, 2025 | 37.45% |
| Jun 30, 2025 | 38.60% |
| Mar 31, 2025 | 38.76% |
| Dec 31, 2024 | 39.82% |
| Sep 30, 2024 | 39.78% |
| Jun 30, 2024 | 41.58% |
| Mar 31, 2024 | 39.74% |
| Dec 31, 2023 | 40.04% |
| Sep 30, 2023 | 40.43% |
| Jun 30, 2023 | 41.33% |
| Mar 31, 2023 | 40.94% |
| Dec 31, 2022 | 13.94% |
| Sep 30, 2022 | 38.92% |
| Jun 30, 2022 | 36.81% |
| Mar 31, 2022 | 35.60% |
| Dec 31, 2021 | 36.95% |
| Sep 30, 2021 | 38.97% |