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

nVent Electric's (NVT) quarterly Operating Expenses came in at $249.9 million in Q1 2026, up 36.04% year-on-year from $183.7 million in Q1 2025, and up 11.02% quarter-over-quarter from $225.1 million in Q4 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.

  • On a quarterly basis, Operating Expenses rose 36.04% year-over-year to $249.9 million in Q1 2026; TTM through Mar 2026 was $918.5 million, a 29.97% increase from a year earlier, with the FY2025 full-year figure at $852.3 million, up 24.97% from the prior year.
  • Operating Expenses rose to $249.9 million in Q1 2026 per NVT's latest filing, from $225.1 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $249.9 million in Q1 2026 and bottomed at $24.1 million in Q4 2022.
  • The 5-year median for Operating Expenses is $177.9 million (2024), against an average of $175.5 million.
  • Across the five-year window, Operating Expenses tumbled 84.77% in 2022 and soared 559.75% in 2023, its largest moves.
  • Year by year, Operating Expenses 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.
  • Per Business Quant, the three latest NVT Operating Expenses figures stand at $249.9 million (Q1 2026), $225.1 million (Q4 2025), and $228.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 2.76 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 451.80 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 153.35 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 241.50 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 249.90 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 132.60 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 413.10 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 30.13 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 589.73 Mn
10 Hayward Holdings 3.13 Bn 2.90 Bn 118.70 Mn 69.85 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