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Side-by-side financial comparison of nVent Electric plc (NVT) and WHITE MOUNTAINS INSURANCE GROUP LTD (WTM). Click either name above to swap in a different company.

WHITE MOUNTAINS INSURANCE GROUP LTD is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.5× nVent Electric plc). WHITE MOUNTAINS INSURANCE GROUP LTD runs the higher net margin — 52.1% vs 11.1%, a 41.0% gap on every dollar of revenue. On growth, WHITE MOUNTAINS INSURANCE GROUP LTD posted the faster year-over-year revenue change (348.0% vs 127.3%). Over the past eight quarters, WHITE MOUNTAINS INSURANCE GROUP LTD's revenue compounded faster (57.4% CAGR vs 10.4%).

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.

White Mountains Insurance Group is a diversified insurance and related financial services holding company based in Hamilton, Bermuda. Redomiciled from Delaware, United States, on October 25, 1999, the company conducts most of its business through its insurance subsidiaries and other affiliates.

NVT vs WTM — Head-to-Head

Bigger by revenue
WTM
WTM
1.5× larger
WTM
$1.6B
$1.1B
NVT
Growing faster (revenue YoY)
WTM
WTM
+220.6% gap
WTM
348.0%
127.3%
NVT
Higher net margin
WTM
WTM
41.0% more per $
WTM
52.1%
11.1%
NVT
Faster 2-yr revenue CAGR
WTM
WTM
Annualised
WTM
57.4%
10.4%
NVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVT
NVT
WTM
WTM
Revenue
$1.1B
$1.6B
Net Profit
$118.8M
$835.8M
Gross Margin
36.5%
97.1%
Operating Margin
15.4%
56.2%
Net Margin
11.1%
52.1%
Revenue YoY
127.3%
348.0%
Net Profit YoY
1010.3%
741.0%
EPS (diluted)
$0.74
$325.02

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
WTM
WTM
Q4 25
$1.1B
$1.6B
Q3 25
$1.1B
$864.2M
Q2 25
$963.1M
$689.2M
Q1 25
$809.3M
$577.8M
Q4 24
$469.2M
$358.0M
Q3 24
$782.0M
$839.1M
Q2 24
$880.3M
$395.4M
Q1 24
$874.6M
$647.3M
Net Profit
NVT
NVT
WTM
WTM
Q4 25
$118.8M
$835.8M
Q3 25
$121.2M
$113.8M
Q2 25
$109.5M
$122.9M
Q1 25
$360.7M
$33.9M
Q4 24
$10.7M
$-130.4M
Q3 24
$105.0M
$179.0M
Q2 24
$111.0M
$-54.6M
Q1 24
$105.1M
$236.4M
Gross Margin
NVT
NVT
WTM
WTM
Q4 25
36.5%
97.1%
Q3 25
37.4%
93.6%
Q2 25
38.6%
93.8%
Q1 25
38.8%
98.7%
Q4 24
37.1%
97.9%
Q3 24
39.8%
99.1%
Q2 24
41.8%
98.2%
Q1 24
40.6%
98.8%
Operating Margin
NVT
NVT
WTM
WTM
Q4 25
15.4%
56.2%
Q3 25
15.8%
20.7%
Q2 25
16.3%
25.6%
Q1 25
16.1%
12.5%
Q4 24
14.3%
-33.7%
Q3 24
17.0%
28.5%
Q2 24
19.1%
-8.8%
Q1 24
18.2%
35.9%
Net Margin
NVT
NVT
WTM
WTM
Q4 25
11.1%
52.1%
Q3 25
11.5%
13.2%
Q2 25
11.4%
17.8%
Q1 25
44.6%
5.9%
Q4 24
2.3%
-36.4%
Q3 24
13.4%
21.3%
Q2 24
12.6%
-13.8%
Q1 24
12.0%
36.5%
EPS (diluted)
NVT
NVT
WTM
WTM
Q4 25
$0.74
$325.02
Q3 25
$0.74
$44.18
Q2 25
$0.67
$47.75
Q1 25
$2.16
$13.19
Q4 24
$0.07
$-50.98
Q3 24
$0.62
$69.68
Q2 24
$0.66
$-21.24
Q1 24
$0.62
$92.33

Balance Sheet & Financial Strength

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

Metric
NVT
NVT
WTM
WTM
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$1.6B
$837.0M
Stockholders' EquityBook value
$3.7B
$5.4B
Total Assets
$6.9B
$12.3B
Debt / EquityLower = less leverage
0.42×
0.15×

8-quarter trend — quarters aligned by calendar period.

Total Debt
NVT
NVT
WTM
WTM
Q4 25
$1.6B
$837.0M
Q3 25
$1.6B
$870.4M
Q2 25
$1.8B
$694.6M
Q1 25
$1.8B
$676.1M
Q4 24
$2.2B
$562.5M
Q3 24
$2.3B
$544.9M
Q2 24
$1.8B
$530.2M
Q1 24
$1.8B
$532.1M
Stockholders' Equity
NVT
NVT
WTM
WTM
Q4 25
$3.7B
$5.4B
Q3 25
$3.6B
$4.8B
Q2 25
$3.5B
$4.6B
Q1 25
$3.6B
$4.5B
Q4 24
$3.2B
$4.5B
Q3 24
$3.3B
$4.6B
Q2 24
$3.3B
$4.4B
Q1 24
$3.2B
$4.5B
Total Assets
NVT
NVT
WTM
WTM
Q4 25
$6.9B
$12.3B
Q3 25
$6.8B
$12.3B
Q2 25
$6.7B
$11.8B
Q1 25
$6.7B
$11.0B
Q4 24
$6.7B
$9.9B
Q3 24
$6.9B
$10.3B
Q2 24
$6.2B
$10.2B
Q1 24
$6.2B
$9.6B
Debt / Equity
NVT
NVT
WTM
WTM
Q4 25
0.42×
0.15×
Q3 25
0.44×
0.18×
Q2 25
0.50×
0.15×
Q1 25
0.49×
0.15×
Q4 24
0.67×
0.13×
Q3 24
0.69×
0.12×
Q2 24
0.54×
0.12×
Q1 24
0.55×
0.12×

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
WTM
WTM
Operating Cash FlowLast quarter
$202.4M
$53.9M
Free Cash FlowOCF − Capex
$165.7M
FCF MarginFCF / Revenue
15.5%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
1.70×
0.06×
TTM Free Cash FlowTrailing 4 quarters
$371.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVT
NVT
WTM
WTM
Q4 25
$202.4M
$53.9M
Q3 25
$219.5M
$359.3M
Q2 25
$-16.9M
$177.5M
Q1 25
$60.2M
$-40.2M
Q4 24
$224.6M
$64.1M
Q3 24
$197.7M
$269.4M
Q2 24
$130.8M
$216.8M
Q1 24
$90.0M
$36.5M
Free Cash Flow
NVT
NVT
WTM
WTM
Q4 25
$165.7M
Q3 25
$200.9M
Q2 25
$-33.8M
Q1 25
$39.1M
Q4 24
$198.1M
Q3 24
$184.8M
Q2 24
$112.3M
Q1 24
$73.9M
FCF Margin
NVT
NVT
WTM
WTM
Q4 25
15.5%
Q3 25
19.1%
Q2 25
-3.5%
Q1 25
4.8%
Q4 24
42.2%
Q3 24
23.6%
Q2 24
12.8%
Q1 24
8.4%
Capex Intensity
NVT
NVT
WTM
WTM
Q4 25
3.4%
Q3 25
1.8%
Q2 25
1.8%
Q1 25
2.6%
Q4 24
5.6%
Q3 24
1.6%
Q2 24
2.1%
Q1 24
1.8%
Cash Conversion
NVT
NVT
WTM
WTM
Q4 25
1.70×
0.06×
Q3 25
1.81×
3.16×
Q2 25
-0.15×
1.44×
Q1 25
0.17×
-1.19×
Q4 24
20.99×
Q3 24
1.88×
1.51×
Q2 24
1.18×
Q1 24
0.86×
0.15×

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%

WTM
WTM

Segment breakdown not available.

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