nVent Electric (NVT) Tax Rate (2017 - 2026)
nVent Electric (NVT) posted quarterly Tax Rate of 23.48% for Q2 2026, up 79.0% year-over-year from 13.11% in Q2 2025, and up 13.77% on a QoQ basis from 20.63% in Q1 2026.
nVent Electric (NVT) Tax Rate (2017 - 2026) Analysis & Trends
nVent Electric has reported Tax Rate for 10 years, with the latest figure at 23.48% in Q2 2026.
- Tax Rate for Q2 2026 came in at 23.48%, up 79.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 22.18% (down 2094.0% YoY), and the FY2025 annual result was 22.09%, down 2180.0% from the prior year.
- Tax Rate improved to 23.48% in Q2 2026, from 20.63% in the prior quarter.
- Over five years, Tax Rate peaked at 116.65% in Q4 2024 and troughed at 170.57% in Q4 2023.
- A 5-year average of 13.02% and a median of 19.57% in 2023 frame the typical range for Tax Rate.
- The widest annual swing landed in 2023, when Tax Rate sank 15777 bps; it then jumped 28722 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 12.8% in 2022, then slumped by 1233 bps to 170.57% in 2023, then jumped by 168 bps to 116.65% in 2024, then sank by 78 bps to 25.91% in 2025, then declined by 9 bps to 23.48% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 23.48% in Q2 2026, 20.63% in Q1 2026, and 25.91% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 19.71% |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 0.75% |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 23.48% |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 20.25% |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 18.17% |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 23.87% |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 24.54% |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 13.75% |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 23.02% |
| 10 | Atkore | 3.16 Bn | 2.82 Bn | 176.27 Mn | 113.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.48% |
| Jun 30, 2026 | 23.48% |
| Jun 30, 2026 | 23.48% |
| Mar 31, 2026 | 20.63% |
| Mar 31, 2026 | 20.63% |
| Mar 31, 2026 | 20.63% |
| Dec 31, 2025 | 25.91% |
| Dec 31, 2025 | 25.91% |
| Dec 31, 2025 | 25.91% |
| Sep 30, 2025 | 17.48% |
| Sep 30, 2025 | 17.48% |
| Sep 30, 2025 | 17.48% |
| Jun 30, 2025 | 22.68% |
| Jun 30, 2025 | 22.68% |
| Jun 30, 2025 | 22.68% |
| Mar 31, 2025 | 21.97% |
| Mar 31, 2025 | 21.97% |
| Mar 31, 2025 | 21.97% |
| Dec 31, 2024 | 116.65% |
| Dec 31, 2024 | 116.65% |