nVent Electric (NVT) Research & Development (2017 - 2026)
nVent Electric's Research & Development came in at $24.5 million for Q2 2026, up 28.3% from $19.1 million a year earlier and up 7.9% from the prior quarter.
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Analysis
nVent Electric (NVT) Research & Development (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, nVent Electric reported Research & Development of $89.1 million, up 27.5% year-over-year; for FY2025, it came in at $78.5 million, up 18.8% from FY2024.
- Research & Development has increased in each of the last three years, with a five-year compound annual growth rate of 12.5% (FY2020 to FY2025).
- Going back by year, Research & Development was $66.1 million in FY2024 (+19.7%), $55.2 million in FY2023 (+21.1%), $45.6 million in FY2022 (-6.2%) and $48.6 million in FY2021 (+11.7%).
- The Q2 2026 figure represents the highest quarterly Research & Development in data going back to Q1 2017.
- Year-over-year, Research & Development has increased for eight consecutive quarters, with growth averaging 19.8% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q1 2022 (growth of 33.3%), and the weakest in Q4 2022 (a decline of 91.1%).
- Business Quant data shows NVT's Research & Development at $22.7 million (Q1 2026), $21.3 million (Q4 2025) and $20.6 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 333.80 Bn | 305.50 Bn | 7.76 Bn | 616.00 Mn |
| 2 | Amphenol | 194.33 Bn | 188.91 Bn | 3.55 Bn | - |
| 3 | Deere | 171.33 Bn | 139.42 Bn | 4.66 Bn | 567.00 Mn |
| 4 | Eaton | 148.26 Bn | 145.45 Bn | 2.86 Bn | 227.00 Mn |
| 5 | Parker-Hannifin | 119.11 Bn | 117.23 Bn | 2.25 Bn | - |
| 6 | Emerson Electric | 89.25 Bn | 81.98 Bn | 2.66 Bn | - |
| 7 | 3M | 89.21 Bn | 70.61 Bn | 2.68 Bn | 302.00 Mn |
| 8 | Illinois Tool Works | 78.43 Bn | 74.99 Bn | 1.90 Bn | - |
| 9 | Vertiv Holdings | 78.21 Bn | 68.84 Bn | 1.23 Bn | - |
| 10 | nVent Electric | 22.66 Bn | 21.85 Bn | 558.00 Mn | 24.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.50 Mn |
| Mar 31, 2026 | 22.70 Mn |
| Dec 31, 2025 | 21.30 Mn |
| Sep 30, 2025 | 20.60 Mn |
| Jun 30, 2025 | 19.10 Mn |
| Mar 31, 2025 | 17.50 Mn |
| Dec 31, 2024 | 17.20 Mn |
| Sep 30, 2024 | 16.10 Mn |
| Jun 30, 2024 | 16.50 Mn |
| Mar 31, 2024 | 16.30 Mn |
| Dec 31, 2023 | 15.00 Mn |
| Sep 30, 2023 | 14.50 Mn |
| Jun 30, 2023 | 17.50 Mn |
| Mar 31, 2023 | 16.70 Mn |
| Dec 31, 2022 | 1.10 Mn |
| Sep 30, 2022 | 14.70 Mn |
| Jun 30, 2022 | 14.60 Mn |
| Mar 31, 2022 | 15.20 Mn |
| Dec 31, 2021 | 12.40 Mn |
| Sep 30, 2021 | 13.10 Mn |
API Access
nVent Electric Research & Development 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=research-and-development&ticker=NVT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=NVT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();