nVent Electric (NVT) Tax Provisions (2017 - 2026)
nVent Electric (NVT) posted quarterly Tax Provisions of $66.2 million for Q2 2026, up 111.5% year-over-year from $31.3 million in Q2 2025, and up 81.37% on a QoQ basis from $36.5 million in Q1 2026.
nVent Electric (NVT) Tax Provisions (2017 - 2026) Analysis & Trends
nVent Electric has reported Tax Provisions for 10 years, with the latest figure at $66.2 million in Q2 2026.
- Tax Provisions for Q2 2026 came in at $66.2 million, up 111.5% year-over-year; the trailing twelve-month figure through Jun 2026 was $168.4 million (down 13.24% YoY), and the FY2025 annual result was $121.5 million, down 35.51% from the prior year.
- Tax Provisions grew to $66.2 million in Q2 2026, from $36.5 million in the prior quarter.
- Over five years, Tax Provisions peaked at $115.6 million in Q4 2024 and troughed at -$133.9 million in Q4 2023.
- A 5-year average of $21.2 million and a median of $23.0 million in 2024 frame the typical range for Tax Provisions.
- The widest annual swing landed in 2023, when Tax Provisions tumbled 2169.49%; it then surged 186.33% in 2024.
- A 5-year view of Tax Provisions shows it stood at -$5.9 million in 2022, then tumbled by 2169.49% to -$133.9 million in 2023, then soared by 186.33% to $115.6 million in 2024, then sank by 64.97% to $40.5 million in 2025, then soared by 63.46% to $66.2 million in 2026.
- Per Business Quant data, the three most recent Tax Provisions figures were $66.2 million in Q2 2026, $36.5 million in Q1 2026, and $40.5 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 122.20 Mn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 1.50 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 61.50 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 66.20 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 12.10 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 44.20 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 16.96 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 18.56 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | 207,000.00 |
| 10 | Hayward Holdings | 3.17 Bn | 2.69 Bn | 155.05 Mn | 13.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 66.20 Mn |
| 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 |