nVent Electric (NVT) Gross Margin (2017 - 2026)
nVent Electric's quarterly Gross Margin came in at 35.88% in Q1 2026, down 288.0% year-on-year from 19.08% in Q1 2025, and down 1.59% quarter-over-quarter from 36.46% in Q4 2025.
nVent Electric has reported Gross Margin for 10 years, with the latest figure at 35.88% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 288.0% year-over-year to 35.88%; the trailing twelve-month figure through Mar 2026 stood at 37.01% (down 294.0% YoY), and the FY2025 full-year result was 37.74%, down 249.0% from the prior year.
- Gross Margin for Q1 2026 stood at 35.88%, down from 36.46% in the prior quarter.
- The five-year high for Gross Margin was 41.58% in Q2 2024, with the low at 13.94% in Q4 2022.
- Average Gross Margin over 5 years is 37.42%, with a median of 38.92% recorded in 2022.
- Year-over-year, Gross Margin slumped 2301 bps in 2022 and surged 2610 bps in 2023.
- Tracing NVT's Gross Margin over 5 years: stood at 13.94% in 2022, then surged by 187 bps to 40.04% in 2023, then dropped by 1 bps to 39.82% in 2024, then decreased by 8 bps to 36.46% in 2025, then declined by 2 bps to 35.88% in 2026.
- The last three Gross Margin figures came in at 35.88% (Q1 2026), 36.46% (Q4 2025), and 37.45% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 37.73% |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 30.03% |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 35.88% |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 33.32% |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 39.32% |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 29.65% |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 49.29% |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 29.44% |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -13.21% |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | 46.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 39.12% |
| Mar 31, 2021 | 38.08% |
| Dec 31, 2020 | 37.80% |
| Sep 30, 2020 | 38.64% |
| Jun 30, 2020 | 35.85% |
| Mar 31, 2020 | 37.49% |
| Dec 31, 2019 | 38.75% |
| Sep 30, 2019 | 40.03% |
| Jun 30, 2019 | 39.33% |
| Mar 31, 2019 | 39.01% |
| Dec 31, 2018 | 38.50% |
| Sep 30, 2018 | 40.63% |
| Jun 30, 2018 | 40.43% |
| Mar 31, 2018 | 38.76% |
| Dec 31, 2017 | 38.50% |
| Sep 30, 2017 | 40.71% |
| Jun 30, 2017 | 40.86% |
| Mar 31, 2017 | 39.57% |