nVent Electric (NVT) Tax Provisions (2017 - 2026)

nVent Electric (NVT) recorded quarterly Tax Provisions of $36.5 million in Q1 2026, down 9.88% quarter-over-quarter from $40.5 million in Q4 2025, and up 48.98% on a YoY basis from $24.5 million in Q1 2025.

nVent Electric (NVT) Tax Provisions (2017 - 2026) Analysis & Trends

nVent Electric's Tax Provisions history runs 10 years deep, the most recent figure standing at $36.5 million for Q1 2026.

  • In Q1 2026, Tax Provisions rose 48.98% year-over-year to $36.5 million; the TTM figure through Mar 2026 stood at $133.5 million (down 29.59% YoY), while the FY2025 annual figure was $121.5 million, down 35.51% from the prior year.
  • Tax Provisions was $36.5 million for Q1 2026 at nVent Electric, down from $40.5 million in the prior quarter.
  • In the past five years, Tax Provisions ranged from a high of $115.6 million in Q4 2024 to a low of -$133.9 million in Q4 2023.
  • Historically, Tax Provisions has averaged $18.6 million across 5 years, with a median of $22.7 million in 2024.
  • The sharpest annual moves came in 2023 and 2024: Tax Provisions plunged 2169.49% in 2023, then surged 186.33% in 2024.
  • A 5-year view of Tax Provisions shows it stood at -$5.9 million in 2022, then slumped by 2169.49% to -$133.9 million in 2023, then jumped by 186.33% to $115.6 million in 2024, then plunged by 64.97% to $40.5 million in 2025, then retreated by 9.88% to $36.5 million in 2026.
  • The last three Tax Provisions figures came in at $36.5 million (Q1 2026), $40.5 million (Q4 2025), and $25.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 48.20 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 400,000.00
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 36.50 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 53.40 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 2.70 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 15.90 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 27,000.00
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 26.10 Mn
10 EnerSys 8.53 Bn 8.10 Bn 290.87 Mn 21.81 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 36.50 Mn
Dec 31, 2025 40.50 Mn
Sep 30, 2025 25.20 Mn
Jun 30, 2025 31.30 Mn
Mar 31, 2025 24.50 Mn
Dec 31, 2024 115.60 Mn
Sep 30, 2024 22.70 Mn
Jun 30, 2024 26.80 Mn
Mar 31, 2024 23.30 Mn
Dec 31, 2023 -133.90 Mn
Sep 30, 2023 17.50 Mn
Jun 30, 2023 21.20 Mn
Mar 31, 2023 21.30 Mn
Dec 31, 2022 -5.90 Mn
Sep 30, 2022 18.50 Mn
Jun 30, 2022 16.10 Mn
Mar 31, 2022 14.50 Mn
Dec 31, 2021 13.50 Mn
Sep 30, 2021 14.60 Mn
Jun 30, 2021 13.40 Mn