nVent Electric (NVT) Operating Expenses (2017 - 2026)

nVent Electric (NVT) recorded quarterly Operating Expenses of $249.9 million in Q1 2026, up 11.02% quarter-over-quarter from $225.1 million in Q4 2025, and up 36.04% on a YoY basis from $183.7 million in Q1 2025.

nVent Electric (NVT) Operating Expenses (2017 - 2026) Analysis & Trends

nVent Electric's Operating Expenses history runs 10 years deep, the most recent figure standing at $249.9 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 36.04% year-over-year to $249.9 million; the TTM figure through Mar 2026 stood at $918.5 million (up 29.97% YoY), while the FY2025 annual figure was $852.3 million, up 24.97% from the prior year.
  • Operating Expenses was $249.9 million for Q1 2026 at nVent Electric, up from $225.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $249.9 million in Q1 2026 to a low of $24.1 million in Q4 2022.
  • Historically, Operating Expenses has averaged $175.5 million across 5 years, with a median of $177.9 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 84.77% in 2022, then jumped 559.75% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $24.1 million in 2022, then surged by 559.75% to $159.0 million in 2023, then grew by 14.72% to $182.4 million in 2024, then grew by 23.41% to $225.1 million in 2025, then climbed by 11.02% to $249.9 million in 2026.
  • The last three Operating Expenses figures came in at $249.9 million (Q1 2026), $225.1 million (Q4 2025), and $228.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 451.80 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 153.35 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 249.90 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 241.50 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 132.60 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 30.13 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 16.90 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 387.40 Mn
10 EnerSys 8.53 Bn 8.10 Bn 290.87 Mn 19.72 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 249.90 Mn
Dec 31, 2025 225.10 Mn
Sep 30, 2025 228.40 Mn
Jun 30, 2025 215.10 Mn
Mar 31, 2025 183.70 Mn
Dec 31, 2024 182.40 Mn
Sep 30, 2024 177.90 Mn
Jun 30, 2024 162.70 Mn
Mar 31, 2024 159.00 Mn
Dec 31, 2023 159.00 Mn
Sep 30, 2023 162.90 Mn
Jun 30, 2023 185.20 Mn
Mar 31, 2023 179.10 Mn
Dec 31, 2022 24.10 Mn
Sep 30, 2022 169.50 Mn
Jun 30, 2022 163.10 Mn
Mar 31, 2022 157.20 Mn
Dec 31, 2021 158.20 Mn
Sep 30, 2021 152.80 Mn
Jun 30, 2021 146.90 Mn