nVent Electric (NVT) Work In Process (2017 - 2026)
nVent Electric (NVT) recorded quarterly Work In Process of $40.8 million in Q1 2026, up 30.77% quarter-over-quarter from $31.2 million in Q4 2025, and up 121.74% on a YoY basis from $18.4 million in Q1 2025.
nVent Electric (NVT) Work In Process (2017 - 2026) Analysis & Trends
nVent Electric's Work In Process history runs 10 years deep, the most recent figure standing at $40.8 million for Q1 2026.
- In Q1 2026, Work In Process rose 121.74% year-over-year to $40.8 million; the TTM figure through Mar 2026 stood at $40.8 million (up 121.74% YoY), while the FY2025 annual figure was $31.2 million, up 97.47% from the prior year.
- Work In Process was $40.8 million for Q1 2026 at nVent Electric, up from $31.2 million in the prior quarter.
- In the past five years, Work In Process ranged from a high of $46.3 million in Q2 2023 to a low of $15.8 million in Q4 2024.
- Historically, Work In Process has averaged $31.8 million across 5 years, with a median of $32.2 million in 2024.
- The sharpest annual moves came in 2024 and 2026: Work In Process tumbled 43.63% in 2024, then jumped 121.74% in 2026.
- A 5-year view of Work In Process shows it stood at $36.2 million in 2022, then plunged by 35.08% to $23.5 million in 2023, then slumped by 32.77% to $15.8 million in 2024, then jumped by 97.47% to $31.2 million in 2025, then jumped by 30.77% to $40.8 million in 2026.
- The last three Work In Process figures came in at $40.8 million (Q1 2026), $31.2 million (Q4 2025), and $26.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn |
| 10 | EnerSys | 8.53 Bn | 8.10 Bn | 290.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 40.80 Mn |
| Dec 31, 2025 | 31.20 Mn |
| Sep 30, 2025 | 26.40 Mn |
| Jun 30, 2025 | 23.00 Mn |
| Mar 31, 2025 | 18.40 Mn |
| Dec 31, 2024 | 15.80 Mn |
| Sep 30, 2024 | 20.80 Mn |
| Jun 30, 2024 | 32.20 Mn |
| Mar 31, 2024 | 32.20 Mn |
| Dec 31, 2023 | 23.50 Mn |
| Sep 30, 2023 | 36.90 Mn |
| Jun 30, 2023 | 46.30 Mn |
| Mar 31, 2023 | 41.60 Mn |
| Dec 31, 2022 | 36.20 Mn |
| Sep 30, 2022 | 38.40 Mn |
| Jun 30, 2022 | 37.60 Mn |
| Mar 31, 2022 | 38.70 Mn |
| Dec 31, 2021 | 33.30 Mn |
| Sep 30, 2021 | 32.90 Mn |
| Jun 30, 2021 | 30.20 Mn |