Filing Flows › nVent Electric (NVT) › Q3 2026 › vs Q3 2025
nVent Electric (NVT) Q3 2026 vs Q3 2025 (year over year)
nVent Electric's revenue rose $461M (+44%) from $1.1B in Q3 2025 to $1.5B in Q3 2026. The biggest changes: Systems Protection +$382M (+53%); Electrical Connections +$78.5M (+23%). Gross margin 35.8% against 37.4% (-1.6 pts).
nVent Electric, Q3 2026: revenue $1.5B (+44% year over year), operating margin 18.6%, net earnings $202M, operating cash flow $303M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 35.8% | 37.4% | -1.6 pts |
| Operating margin | 18.6% | 15.8% | +2.9 pts |
| Net margin | 13.4% | 11.5% | +1.9 pts |
| Free cash flow margin | 17.5% | 19.1% | -1.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Systems Protection | $1.1B | $716M | $382M | +53% |
| Electrical Connections | $417M | $338M | $78.5M | +23% |
| Revenue | $1.5B | $1.1B | $461M | +44% |
| Gross profit | $543M | $395M | $148M | +38% |
| Cost of revenue | $972M | $659M | $313M | +47% |
| Operating profit | $282M | $166M | $116M | +70% |
| Operating expenses | $261M | $228M | $32.2M | +14% |
| Pre-tax earnings | $260M | $146M | $114M | +78% |
| Other expense, net | $22.2M | $19.9M | $2.3M | +12% |
| Research & development | $24.3M | $20.6M | $3.7M | +18% |
| SG&A | $236M | $208M | $28.5M | +14% |
| Net earnings | $202M | $121M | $81.2M | +67% |
| Income tax | $57.7M | $25.2M | $32.5M | +129% |
| Depreciation & amortization | $54.2M | $58.7M | −$4.5M | -8% |
| Share-based compensation | $7.8M | $10.7M | −$2.9M | -27% |
| Working capital & other | $38.4M | $28.9M | $9.5M | +33% |
| Operating cash flow | $303M | $220M | $83.3M | +38% |
| Free cash flow (OCF − capex) | $266M | $201M | $64.9M | +32% |
| Capital expenditures | $37.0M | $18.6M | $18.4M | +99% |
Questions
How much did nVent Electric's revenue grow year over year in Q3 2026?
nVent Electric's revenue rose $461M (+44%) from $1.1B in Q3 2025 to $1.5B in Q3 2026.
What drove nVent Electric's revenue change in Q3 2026?
Systems Protection +$382M (+53%); Electrical Connections +$78.5M (+23%).