Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026


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nVent Electric plcNVT · manufacturing
GradeTortoiseCmiddle fifth of 255 graded peers; percentile 55.9, sampling error 3.0 points; lower is stronger
Rank143 of 255
ProfitabilityC/Dpercentile 57.4
SolvencyC/Dpercentile 57.5
Growth and financingBpercentile 36.6
Reliability0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025
Peer failure rate0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size bandover $2.67B assetstotal assets $6.9B[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsnone activenot computable: short runway, distress
Inputs computable10 of 14
Graded fromfilings received through Feb 17, 2026234 days before the rescan; every figure keyed to the SEC receipt date
Last close$164.232026-10-08; market equity $26.6B; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$100$150NovDecJanFebMarAprMayJunJulAugSepOctCC/D$164.20
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Feb 21, 2019nonen/aQ5
Mar 21, 2020E85.1Q5
Jun 21, 2020D/E82.9Q5
Feb 21, 2021E83.9Q5
Mar 21, 2021nonen/aQ5
Mar 21, 2022D68.2Q5
Mar 21, 2023B34.7Q5
Feb 21, 2024B/C40.7Q5
Mar 21, 2024C43.3Q5
Mar 21, 2026C/D57.9Q5
Aug 21, 2026C55.9Q5
Sep 29, 2026C/D57.1Q5
Sep 30, 2026C56.3Q5

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Feb 17, 2026; the document on sec.gov.

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.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 57.4
Gross profitability21.4%[1,3]21.9%49.32752025-12-31
Return on invested capitalnot computable9.7%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Accruals ratio3.6%[1,4-6](3.6%)89.33082025-12-31
Gross margin stability, five years1.7 pts[2-3,7-14]2.1 pts33.82292025-12-31
Solvency, sleeve percentile 57.5
Twelve-month failure probabilitynot computable0.04%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-prime3.27[1,15-20]3.6647.32442025-12-31
Net debt to EBITDAnot computable1.78x
latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31
Interest coveragenot computable5.09x
latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31
Current ratio1.63x[15-16]2.25x67.63252025-12-31
Growth and financing, sleeve percentile 36.6
Revenue growth, three-year compound19.3%[2,8,10,12]2.1%7.82692025-12-31
Free cash flow growth, three-year compound1.6%[5,21-27]13.9%74.61392025-12-31
Reinvestment rate16.9%[15-16,18,21,28-32]26.4%55.11392025-12-31
Asset growth, three years11.8%[1,6,33-34]4.4%21.62792025-12-31
Net share issuance, one year(2.0%)[35-36]0.01%24.02432025-12-31

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.012; sampling error 3.0 percentile points on 255 peers.

Among 255 Peers [top]

ABCDELRCX, LAM Research Corp.; A, percentile 8.3; market equity $401.2B; warnings: fortress balance sheetLRCXPH, Parker-Hannifin Corp.; B, percentile 36.6; market equity $119.4BPHCAT, Caterpillar Inc.; C, percentile 51.2; market equity $366.0BCATGLW, Corning Inc.; C/D, percentile 60.2; market equity $131.6BGLWETN, Eaton Corp. plc; D, percentile 69.7; market equity $164.9BETNRTX, RTX Corp.; D, percentile 74.8; market equity $248.4BRTXNVT 55.9strongerweaker

Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.

RankCompanyPercentileLetterWarnings
138Owens Corning (OC)

Owens Corning (OC)

Cmiddle fifth; percentile 53.9

NYSE · Abrasive, Asbestos & Misc Nonmetallic Mineral Prods

market equity $9.3B; last close $117.32

No active warnings; 11 of 14 inputs

53.9C
139Greenland Technologies Holding Corp. (GTEC)

Greenland Technologies Holding Corp. (GTEC)

Cmiddle fifth; percentile 54.3

Nasdaq · General Industrial Machinery & Equipment

market equity $15.9M; last close $0.76

Warnings: dilution, fortress balance sheet; 9 of 14 inputs

54.3Cdilution, fortress balance sheet
140Hayward Holdings, Inc. (HAYW)

Hayward Holdings, Inc. (HAYW)

Cmiddle fifth; percentile 54.7

NYSE · Refrigeration & Service Industry Machinery

market equity $2.5B; last close $11.42

No active warnings; 13 of 14 inputs

54.7C
141Dover Corp. (DOV)

Dover Corp. (DOV)

Cmiddle fifth; percentile 55.1

NYSE · Construction, Mining & Materials Handling Machinery & Equip

market equity $25.4B; last close $188.94

No active warnings; 9 of 14 inputs

55.1C
142Timken Co. (TKR)

Timken Co. (TKR)

Cmiddle fifth; percentile 55.5

NYSE · Ball & Roller Bearings

market equity $7.9B; last close $114.34

No active warnings; 11 of 14 inputs

55.5C
143nVent Electric plc (NVT)

nVent Electric plc (NVT)

Cmiddle fifth; percentile 55.9

NYSE · Special Industry Machinery (No Metalworking Machinery)

market equity $26.6B; last close $164.23

No active warnings; 10 of 14 inputs

55.9C
144Pentair plc (PNR)

Pentair plc (PNR)

Cmiddle fifth; percentile 56.3

NYSE · Special Industry Machinery (No Metalworking Machinery)

market equity $8.5B; last close $52.32

No active warnings; 10 of 14 inputs

56.3C
145Trio-Tech International (TRT)

Trio-Tech International (TRT)

Cmiddle fifth; percentile 56.7

Nasdaq · Special Industry Machinery, NEC

market equity $58.8M; last close $5.67

Warnings: fortress balance sheet; 12 of 14 inputs

56.7Cfortress balance sheet
146Northern Technologies International Corp. (NTIC)

Northern Technologies International Corp. (NTIC)

C/Don the C/D boundary; percentile 57.1

Nasdaq · Coating, Engraving & Allied Services

market equity $72.7M; last close $7.80

No active warnings; 7 of 14 inputs

57.1C/D
147Kaiser Aluminum Corp. (KALU)

Kaiser Aluminum Corp. (KALU)

C/Don the C/D boundary; percentile 57.5

Nasdaq · Rolling Drawing & Extruding of Nonferrous Metals

market equity $2.4B; last close $150.08

Warnings: fortress balance sheet; 9 of 14 inputs

57.5C/Dfortress balance sheet
148RBC Bearings Inc. (RBC)

RBC Bearings Inc. (RBC)

C/Don the C/D boundary; percentile 57.9

NYSE · Ball & Roller Bearings

market equity $15.5B; last close $491.47

No active warnings; 11 of 14 inputs

57.9C/D
Peer policyLetterPercentilePeers
all graded filers, equal sleevesC44.32204
sector peers, equal sleeves (the grade)C55.9255
same exchange, equal sleevesC42.2984
sector peers, equal inputsC45.3255

Each letter is one fifth of the 255 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month53.9%13.7%79hotter than 79 of 100 peers
Distance from 52-week high(10.9%)(24.3%)83closer to its high than 83 of 100 peers
EBIT to enterprise value2.2%4.1%32pricier than 68 of 100 peers
Free cash flow yield1.4%3.4%30pricier than 70 of 100 peers
Book value to price0.150.3419pricier than 81 of 100 peers
Sales to price0.150.549pricier than 91 of 100 peers
Composite equity issuance, five years(12.5%)(9.5%)38more equity-funded than 38 of 100 peers
Relative strength against the sector, log excess return0.30(0.00)79ahead of 79 of 100 peers

Inputs: market equity $26.6B; EBIT $616.8M; free cash flow $371.9M; book equity $4.0B; sales $3.9B; debt $1.5B; cash $185.1M[37].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: 6 of 9, period end 2025-12-31
Return on assets above zero10.5%✓ pass[4,6]
Operating cash flow above zero$465.2M✓ pass[5]
Return on assets improved5.2 pts✓ pass[4,6,33,38]
Operating cash flow exceeds net income-$245.0M✗ fail[4-5]
Long-term leverage fell(10.1 pts)✓ pass[1,6,33,39-40]
Current ratio improved(9.9 pts)✗ fail[15-16,31-32]
No new shares issued(2.0%)✓ pass[35-36]
Gross margin improved(2.5 pts)✗ fail[2-3,7-8]
Asset turnover improved9.0 pts✓ pass[2,6,8,33]
Cash, filings, liquidity
Cash and equivalentsn/a
Operating cash flow, four quartersn/a[5,41-44]
Months of runwaynot finite
cash is missing at the end of the latest cash-flow quarter
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing70
10-Q received Jul 31, 2026
Median daily dollar volume$287.7M
63 sessions
Days since newest grade input234

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$6.9B2025-12-312026-02-1710-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$3.9B2025-12-312026-02-1710-Kfiling · viewer · series
3gross profitus-gaap:GrossProfit$1.5B2025-12-312026-02-1710-Kfiling · viewer · series
4net incomeus-gaap:NetIncomeLoss$710.2M2025-12-312026-02-1710-Kfiling · viewer · series
5operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$465.2M2025-12-312026-02-1710-Kfiling · viewer · series
6assetsus-gaap:Assets$6.7B2024-12-312026-02-1710-Kfiling · viewer · series
7gross profitus-gaap:GrossProfit$1.2B2024-12-312026-02-1710-Kfiling · viewer · series
8revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$3.0B2024-12-312026-02-1710-Kfiling · viewer · series
9gross profitus-gaap:GrossProfit$1.1B2023-12-312026-02-1710-Kfiling · viewer · series
10revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$2.7B2023-12-312026-02-1710-Kfiling · viewer · series
11gross profitus-gaap:GrossProfit$822.9M2022-12-312025-02-1810-Kfiling · viewer · series
12revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$2.3B2022-12-312025-02-1810-Kfiling · viewer · series
13gross profitus-gaap:GrossProfit$941.9M2021-12-312024-02-2010-Kfiling · viewer · series
14revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$2.5B2021-12-312024-02-2010-Kfiling · viewer · series
15current assetsus-gaap:AssetsCurrent$1.6B2025-12-312026-02-1710-Kfiling · viewer · series
16current liabilitiesus-gaap:LiabilitiesCurrent$1.0B2025-12-312026-02-1710-Kfiling · viewer · series
17retained earningsus-gaap:RetainedEarningsAccumulatedDeficit$1.7B2025-12-312026-02-1710-Kfiling · viewer · series
18operating incomeus-gaap:OperatingIncomeLoss$616.8M2025-12-312026-02-1710-Kfiling · viewer · series
19book equityus-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest$3.7B2025-12-312026-02-1710-Kfiling · viewer · series
20liabilitiesus-gaap:Liabilities$3.1B2025-12-312026-02-1710-Kfiling · viewer · series
21capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$93.3M2025-12-312026-02-1710-Kfiling · viewer · series
22operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$643.1M2024-12-312026-02-1710-Kfiling · viewer · series
23capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$74.0M2024-12-312026-02-1710-Kfiling · viewer · series
24operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$528.1M2023-12-312026-02-1710-Kfiling · viewer · series
25capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$65.6M2023-12-312026-02-1710-Kfiling · viewer · series
26operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$394.6M2022-12-312025-02-1810-Kfiling · viewer · series
27capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$40.5M2022-12-312025-02-1810-Kfiling · viewer · series
28depreciation amortizationus-gaap:Depreciation$60.7M2025-12-312026-02-1710-Kfiling · viewer · series
29pretax incomeus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest$550.0M2025-12-312026-02-1710-Kfiling · viewer · series
30income taxus-gaap:IncomeTaxExpenseBenefit$121.5M2025-12-312026-02-1710-Kfiling · viewer · series
31current assetsus-gaap:AssetsCurrent$1.4B2024-12-312026-02-1710-Kfiling · viewer · series
32current liabilitiesus-gaap:LiabilitiesCurrent$801.6M2024-12-312026-02-1710-Kfiling · viewer · series
33assetsus-gaap:Assets$6.2B2023-12-312025-02-1810-Kfiling · viewer · series
34assetsus-gaap:Assets$4.9B2022-12-312024-02-2010-Kfiling · viewer · series
35shares outstandingdei:EntityCommonStockSharesOutstanding161,729,4722025-12-312026-02-1710-Kfiling · viewer · series
36shares outstandingdei:EntityCommonStockSharesOutstanding165,022,1462024-12-312025-02-1810-Kfiling · viewer · series
37shares outstandingdei:EntityCommonStockSharesOutstanding161,857,9392026-06-302026-07-3110-Qfiling · viewer · series
38net incomeus-gaap:NetIncomeLoss$331.8M2024-12-312026-02-1710-Kfiling · viewer · series
39long term debtus-gaap:LongTermDebtNoncurrent$1.5B2025-12-312026-02-1710-Kfiling · viewer · series
40long term debtus-gaap:LongTermDebtNoncurrent$2.1B2024-12-312026-02-1710-Kfiling · viewer · series
41operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$268.7M2026-06-302026-07-3110-Qfiling · viewer · series
42operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$85.2M2026-03-312026-05-0110-Qfiling · viewer · series
43operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$262.8M2025-09-302025-10-3110-Qfiling · viewer · series
44operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$43.3M2025-06-302026-07-3110-Qfiling · viewer · series

Limitations [top]

Grade boundary. Percentile 55.9 is 4.1 points from the nearest band edge; sampling error is 3.0 points.

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.