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nVent Electric (NVT) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · nVent Electric (NVT) Q3 2026 earnings results →
Q3 2026 Revenue up 44% year over year to $1.5B · 13¢ of every $1 of revenue kept as net profit · operating margin 18.6%
nVent Electric made $1.5B in Q3 2026 (+44% Y/Y): Systems Protection $1.1B, Electrical Connections $417M. Operating margin 18.6%, net earnings $202M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.5B in Q3 2026, up 44% year over year and up 3% from the previous quarter. Systems Protection was the largest line at 72% of revenue. Systems Protection added $0.38B year over year (up 53%), 83% of the total change.
Gross margin was 35.8%, down 1.6 points from Q3 2025. Operating profit was $0.28B, a 18.6% margin (up 2.9 points year over year). Of the extra revenue versus Q3 2025, 25% reached operating profit, above the 16% margin then. Operating expenses grew 14% against revenue growth of 44%. The fastest-growing cost line was Research & development (+18%). Net earnings were $0.20B, up 67% year over year. The effective tax rate was 22.2%.
Operating cash flow was $0.30B (up 38% year over year), 150% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $0.04B left free cash flow of $0.27B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $1.5B | +44% | 18.6% | $202M | $303M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $1.5B | +53% | 20.4% | $216M | $184M |
| Q1 2026 | 10-Q | May 1, 2026 | $1.2B | +54% | 15.8% | $142M | $85.2M |
| Q4 2025 | 10-K | Feb 17, 2026 | $1.1B | +42% | 15.4% | $119M | $202M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $1.1B | +35% | 15.8% | $121M | $220M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $963M | +30% | 16.3% | $110M | −$16.9M |
| Q1 2025 | 10-Q | May 2, 2025 | $809M | +10% | 16.1% | $361M | $60.2M |
Charts
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Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About nVent Electric
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We connect and protect some of the world's most critical electrical systems to make them safer, more efficient and resilient. We design, manufacture, market, install and service high performance products and solutions that connect and protect mission critical equipment, buildings and essential processes. We have a comprehensive portfolio of bus systems, cable management, control buildings, cooling solutions, both liquid and air, electrical connections, enclosures, equipment protection, power connections and power management solutions, and switchgear systems, and we are recognized globally for quality, reliability and innovation.
In its own words, from its 10-K, filed Feb 17, 2026.
nVent Electric against its Special Industry Machinery (No Metalworking Machinery) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +44% against the peers' median +15%. Operating margin: 18.6% against the peers' median 18.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NVT nVent Electric | Q3 2026 | $1.5B | +44% | 18.6% |
| JBTM JBT Marel | Q3 2026 | $994M | -0.7% | 10.1% |
| PNR Pentair | Q3 2026 | $976M | -4% | 20.1% |
| KAI Kadant | Q3 2026 | $313M | +15% | 17.1% |
Source: nVent Electric 10-Q on SEC EDGAR · CIK 1720635 · Special Industry Machinery (No Metalworking Machinery)
Guidance and outlook
More on NVT
- How nVent Electric makes money: revenue by segment
- nVent Electric next earnings date and what analysts expect
- nVent Electric stock forecast, price target and fair value
- Who owns nVent Electric stock: holders, funds and Congress trades
- nVent Electric guidance and outlook
- Is nVent Electric a takeover target? LBO and rumors
- nVent Electric recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- nVent Electric guidance history: guided vs reported
- nVent Electric gross margin by quarter
- nVent Electric operating margin by quarter
- nVent Electric net income by quarter
- nVent Electric free cash flow by quarter
- nVent Electric R&D spending by quarter
- nVent Electric capital expenditures by quarter
- nVent Electric Systems Protection revenue by quarter
- nVent Electric Electrical Connections revenue by quarter