nVent Electric (NVT) Tax Rate (2017 - 2026)
nVent Electric (NVT) reported Tax Rate of 23.48% for Q2 2026, up 0.79 percentage points from 22.68% a year earlier and up 2.84 percentage points from the prior quarter.
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Analysis
nVent Electric (NVT) Tax Rate (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, nVent Electric's Tax Rate came in at 22.18%, down 20.94 percentage points year-over-year; for FY2025, it came in at 22.09%, down 21.80 percentage points from FY2024.
- Tax Rate has a five-year change of +418.93 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 43.90% in FY2024 (+66.38 pp), -22.49% in FY2023 (-35.33 pp), 12.85% in FY2022 (-2.06 pp) and 14.90% in FY2021 (+411.75 pp).
- Five-year quarterly Tax Rate spans a low of -170.57% in Q4 2023 and a high of 116.65% in Q4 2024.
- Year over year, Tax Rate gained in five of the last eight quarters, with an average year-over-year change of +24.58 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2024 (a gain of 287.22 percentage points); the low point was Q4 2023 (a drop of 157.77 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 20.63% (Q1 2026), 25.91% (Q4 2025) and 17.48% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.70 Bn | 360.40 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 214.42 Bn | 209.12 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 185.30 Bn | 194.07 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 169.35 Bn | 166.59 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 122.64 Bn | 120.77 Bn | 2.25 Bn | 18.51% |
| 6 | Vertiv Holdings | 97.12 Bn | 87.74 Bn | 1.23 Bn | 19.71% |
| 7 | Emerson Electric | 90.13 Bn | 82.89 Bn | 2.66 Bn | 21.62% |
| 8 | 3M | 83.49 Bn | 64.94 Bn | 2.68 Bn | 16.34% |
| 9 | Illinois Tool Works | 74.89 Bn | 71.45 Bn | 1.90 Bn | 24.54% |
| 10 | nVent Electric | 27.45 Bn | 26.64 Bn | 558.00 Mn | 23.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.48% |
| Mar 31, 2026 | 20.63% |
| Dec 31, 2025 | 25.91% |
| Sep 30, 2025 | 17.48% |
| Jun 30, 2025 | 22.68% |
| Mar 31, 2025 | 21.97% |
| Dec 31, 2024 | 116.65% |
| Sep 30, 2024 | 22.34% |
| Jun 30, 2024 | 22.33% |
| Mar 31, 2024 | 21.47% |
| Sep 30, 2023 | 17.61% |
| Jun 30, 2023 | 15.81% |
| Mar 31, 2023 | 18.51% |
| Sep 30, 2022 | 16.53% |
| Jun 30, 2022 | 16.77% |
| Mar 31, 2022 | 17.62% |
| Dec 31, 2021 | 16.77% |
| Sep 30, 2021 | 16.42% |
| Jun 30, 2021 | 16.83% |
| Mar 31, 2021 | 8.79% |
API Access
nVent Electric Tax Rate 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=tax-rate&ticker=NVT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=NVT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();