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| Date | Value |
|---|---|
| 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 |