nVent Electric (NVT) Gross Margin (2017 - 2026)
nVent Electric (NVT) recorded Gross Margin of 37.93% in Q2 2026, down 0.68 percentage points from 38.60% a year earlier but up 2.05 percentage points from the prior quarter.
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Analysis
nVent Electric (NVT) Gross Margin (2017 - 2026) Analysis & Trends
On a TTM basis, nVent Electric's Gross Margin came in at 36.97% as of Jun 30, 2026, down 2.23 percentage points year-over-year; for FY2025, it was 37.74%, down 2.49 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +0.24 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 40.22% in FY2024 (-0.06 pp), 40.29% in FY2023 (+4.43 pp), 35.85% in FY2022 (-2.40 pp) and 38.26% in FY2021 (+0.76 pp).
- Quarterly Gross Margin has ranged from 13.94% in Q4 2022 to 41.58% in Q2 2024 over the past five years.
- On a year-over-year basis, Gross Margin has declined for eight consecutive quarters, with an average year-over-year change of -1.76 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 26.10 percentage points in Q4 2023, against a drop of 23.01 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 35.88% (Q1 2026), 36.46% (Q4 2025) and 37.45% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn | 39.04% |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn | 37.71% |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn | 54.48% |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn | 41.28% |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn | 44.13% |
| 10 | nVent Electric | 26.00 Bn | 25.19 Bn | 558.00 Mn | 37.93% |
Historic Data
Download Data
Historic 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% |
API Access
nVent Electric Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=NVT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NVT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NVT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();