Filing Flows › nVent Electric (NVT) › Q2 2025
nVent Electric (NVT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
nVent Electric (NVT) reported revenue of $963M for the second quarter 2025 (Q2 2025), +30% from a year earlier and +19% from the quarter before. Operating margin was 16.3%, net earnings $110M (11.4% of revenue).
nVent Electric, Q2 2025: revenue $963M (+30% year over year), operating margin 16.3%, net earnings $110M, operating cash flow −$16.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $963M | +19% | +30% |
| Gross profit | $372M | +19% | +21% |
| Operating profit | $157M | +21% | +8% |
| Net earnings | $110M | -70% | -1% |
| Operating cash flow | −$16.9M | -128% | — |
What changed
Revenue was $963.1M in Q2 2025, up 30% year over year and up 19% from the previous quarter. Systems Protection was the largest line at 66% of revenue. Systems Protection added $191.2M year over year (up 43%), 86% of the total change.
Gross margin was 38.6%, down 3.0 points from a year earlier. Operating profit was $156.7M, a 16.3% margin (down 3.3 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, below the 20% margin then. Operating expenses grew 32% against revenue growth of 30%. The fastest-growing cost line was SG&A (+34%). Net earnings were $109.5M, down 1% year over year. The effective tax rate was 22.2%.
Operating cash flow was −$16.9M. Non-cash charges added back $50.3M of depreciation and amortization and $11.6M of share-based compensation. Working capital and other items used $188.3M. Capital expenditures of $16.9M exceeded it, leaving free cash flow of −$33.8M.
Questions
What was nVent Electric's revenue in the second quarter 2025?
nVent Electric (NVT) reported revenue of $963M for the second quarter 2025 (Q2 2025), +30% from a year earlier and +19% from the quarter before.
Was nVent Electric profitable in the second quarter 2025?
Operating profit was $157M (16.3% of revenue) and net earnings $110M.
Source: nVent Electric 10-Q on SEC EDGAR.