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Side-by-side financial comparison of nVent Electric plc (NVT) and T. Rowe Price (TROW). Click either name above to swap in a different company.

T. Rowe Price is the larger business by last-quarter revenue ($1.9B vs $1.1B, roughly 1.8× nVent Electric plc). T. Rowe Price runs the higher net margin — 23.0% vs 11.1%, a 11.9% gap on every dollar of revenue. On growth, nVent Electric plc posted the faster year-over-year revenue change (127.3% vs 6.0%). nVent Electric plc produced more free cash flow last quarter ($165.7M vs $-85.4M). Over the past eight quarters, nVent Electric plc's revenue compounded faster (10.4% CAGR vs 5.1%).

NVent Electric plc is an American-British multinational company providing electrical connection and enclosure products. The company designs, manufactures, markets, and services products used to connect, protect, and manage electrical systems in commercial, industrial, residential, infrastructure, and data center applications.

T. Rowe Price Group, Inc. is an American publicly owned global investment management firm that offers funds, subadvisory services, separate account management, and retirement plans and services for individuals, institutions, and financial intermediaries. The firm has assets under management of more than $1.51 trillion and annual revenues of $6.48 billion as of 2023, placing it 537 on the Fortune 1000 list of the largest U.S. companies.

NVT vs TROW — Head-to-Head

Bigger by revenue
TROW
TROW
1.8× larger
TROW
$1.9B
$1.1B
NVT
Growing faster (revenue YoY)
NVT
NVT
+121.3% gap
NVT
127.3%
6.0%
TROW
Higher net margin
TROW
TROW
11.9% more per $
TROW
23.0%
11.1%
NVT
More free cash flow
NVT
NVT
$251.1M more FCF
NVT
$165.7M
$-85.4M
TROW
Faster 2-yr revenue CAGR
NVT
NVT
Annualised
NVT
10.4%
5.1%
TROW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVT
NVT
TROW
TROW
Revenue
$1.1B
$1.9B
Net Profit
$118.8M
$445.3M
Gross Margin
36.5%
Operating Margin
15.4%
24.4%
Net Margin
11.1%
23.0%
Revenue YoY
127.3%
6.0%
Net Profit YoY
1010.3%
1.2%
EPS (diluted)
$0.74
$1.98

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NVT
NVT
TROW
TROW
Q4 25
$1.1B
$1.9B
Q3 25
$1.1B
$1.9B
Q2 25
$963.1M
$1.7B
Q1 25
$809.3M
$1.8B
Q4 24
$469.2M
$1.8B
Q3 24
$782.0M
$1.8B
Q2 24
$880.3M
$1.7B
Q1 24
$874.6M
$1.8B
Net Profit
NVT
NVT
TROW
TROW
Q4 25
$118.8M
$445.3M
Q3 25
$121.2M
$646.1M
Q2 25
$109.5M
$505.2M
Q1 25
$360.7M
$490.5M
Q4 24
$10.7M
$439.9M
Q3 24
$105.0M
$603.0M
Q2 24
$111.0M
$483.4M
Q1 24
$105.1M
$573.8M
Gross Margin
NVT
NVT
TROW
TROW
Q4 25
36.5%
Q3 25
37.4%
Q2 25
38.6%
Q1 25
38.8%
Q4 24
37.1%
Q3 24
39.8%
Q2 24
41.8%
Q1 24
40.6%
Operating Margin
NVT
NVT
TROW
TROW
Q4 25
15.4%
24.4%
Q3 25
15.8%
34.0%
Q2 25
16.3%
27.8%
Q1 25
16.1%
33.8%
Q4 24
14.3%
31.2%
Q3 24
17.0%
34.4%
Q2 24
19.1%
32.6%
Q1 24
18.2%
33.5%
Net Margin
NVT
NVT
TROW
TROW
Q4 25
11.1%
23.0%
Q3 25
11.5%
34.1%
Q2 25
11.4%
29.3%
Q1 25
44.6%
27.8%
Q4 24
2.3%
24.1%
Q3 24
13.4%
33.8%
Q2 24
12.6%
27.9%
Q1 24
12.0%
32.8%
EPS (diluted)
NVT
NVT
TROW
TROW
Q4 25
$0.74
$1.98
Q3 25
$0.74
$2.87
Q2 25
$0.67
$2.24
Q1 25
$2.16
$2.15
Q4 24
$0.07
$1.91
Q3 24
$0.62
$2.64
Q2 24
$0.66
$2.11
Q1 24
$0.62
$2.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NVT
NVT
TROW
TROW
Cash + ST InvestmentsLiquidity on hand
$3.4B
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$3.7B
$10.9B
Total Assets
$6.9B
$14.3B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVT
NVT
TROW
TROW
Q4 25
$3.4B
Q3 25
$3.6B
Q2 25
$3.1B
Q1 25
$2.8B
Q4 24
$2.6B
Q3 24
$3.2B
Q2 24
$2.7B
Q1 24
$2.4B
Total Debt
NVT
NVT
TROW
TROW
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$2.2B
Q3 24
$2.3B
Q2 24
$1.8B
Q1 24
$1.8B
Stockholders' Equity
NVT
NVT
TROW
TROW
Q4 25
$3.7B
$10.9B
Q3 25
$3.6B
$10.8B
Q2 25
$3.5B
$10.6B
Q1 25
$3.6B
$10.4B
Q4 24
$3.2B
$10.3B
Q3 24
$3.3B
$10.2B
Q2 24
$3.3B
$9.9B
Q1 24
$3.2B
$9.8B
Total Assets
NVT
NVT
TROW
TROW
Q4 25
$6.9B
$14.3B
Q3 25
$6.8B
$14.7B
Q2 25
$6.7B
$14.3B
Q1 25
$6.7B
$14.0B
Q4 24
$6.7B
$13.5B
Q3 24
$6.9B
$13.7B
Q2 24
$6.2B
$13.1B
Q1 24
$6.2B
$12.9B
Debt / Equity
NVT
NVT
TROW
TROW
Q4 25
0.42×
Q3 25
0.44×
Q2 25
0.50×
Q1 25
0.49×
Q4 24
0.67×
Q3 24
0.69×
Q2 24
0.54×
Q1 24
0.55×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NVT
NVT
TROW
TROW
Operating Cash FlowLast quarter
$202.4M
$-18.7M
Free Cash FlowOCF − Capex
$165.7M
$-85.4M
FCF MarginFCF / Revenue
15.5%
-4.4%
Capex IntensityCapex / Revenue
3.4%
3.4%
Cash ConversionOCF / Net Profit
1.70×
-0.04×
TTM Free Cash FlowTrailing 4 quarters
$371.9M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVT
NVT
TROW
TROW
Q4 25
$202.4M
$-18.7M
Q3 25
$219.5M
$609.3M
Q2 25
$-16.9M
$529.9M
Q1 25
$60.2M
$632.9M
Q4 24
$224.6M
$-281.9M
Q3 24
$197.7M
$652.5M
Q2 24
$130.8M
$677.7M
Q1 24
$90.0M
$637.3M
Free Cash Flow
NVT
NVT
TROW
TROW
Q4 25
$165.7M
$-85.4M
Q3 25
$200.9M
$546.0M
Q2 25
$-33.8M
$467.7M
Q1 25
$39.1M
$550.9M
Q4 24
$198.1M
$-394.9M
Q3 24
$184.8M
$547.9M
Q2 24
$112.3M
$574.4M
Q1 24
$73.9M
$534.8M
FCF Margin
NVT
NVT
TROW
TROW
Q4 25
15.5%
-4.4%
Q3 25
19.1%
28.8%
Q2 25
-3.5%
27.1%
Q1 25
4.8%
31.2%
Q4 24
42.2%
-21.6%
Q3 24
23.6%
30.7%
Q2 24
12.8%
33.1%
Q1 24
8.4%
30.6%
Capex Intensity
NVT
NVT
TROW
TROW
Q4 25
3.4%
3.4%
Q3 25
1.8%
3.3%
Q2 25
1.8%
3.6%
Q1 25
2.6%
4.6%
Q4 24
5.6%
6.2%
Q3 24
1.6%
5.9%
Q2 24
2.1%
6.0%
Q1 24
1.8%
5.9%
Cash Conversion
NVT
NVT
TROW
TROW
Q4 25
1.70×
-0.04×
Q3 25
1.81×
0.94×
Q2 25
-0.15×
1.05×
Q1 25
0.17×
1.29×
Q4 24
20.99×
-0.64×
Q3 24
1.88×
1.08×
Q2 24
1.18×
1.40×
Q1 24
0.86×
1.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NVT
NVT

Industrial Sector$554.0M52%
Electricaland Fastening Solutions Segment$278.0M26%
Energy Sector$235.0M22%

TROW
TROW

Asset Management1$1.7B90%
Administrative Distribution Servicing And Other Fee Revenue$141.5M7%
Other$40.8M2%
Performance Based Advisory Fees$14.2M1%

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