Grid & electrical equipment
Transformer, switchgear and turbine makers, the contractors who build transmission and the utilities that pay for it, read through backlogs, capital spending, equipment prices and federal energy rules.
- Companies covered
- 10
- Latest quarter filed
- Jun 30, 2026
- SEC filings, last 30 days
- 8
- Comment periods open
- 0
- SEC EDGAR read
- 22:46 UTC, Oct 23
The numbers
US government series, latest print and the change on a year earlier · Federal Reserve Bank of St. Louis (FRED)Ninety days of filings
Every SEC filing by the companies below, one row each · move across to read a dayFri, Oct 23, 2026
No filings by the covered companies
Jul 26 to Oct 23 · 40 filings, 2 in the last seven days · SEC EDGAR. Tall: quarterly and annual reports. Middle: current reports (8-K). Short: other forms. Red: an 8-K item that says something went wrong.
What changed
Filings by the companies below, last 30 days · SEC EDGAR- Oct 21NextEra Energy · 10-QQuarterly report
- Oct 21NextEra Energy · 8-KQuarterly results
- Oct 16Eaton · 8-KOther material event
- Oct 6NextEra Energy · 8-KOther material event
- Oct 5Eaton · 8-KDirector or officer change
- Sep 30American Electric Power · 8-KDirector or officer change
- Sep 29nVent · 8-KTook on a debt obligation; Other material event
- Sep 25Duke Energy · 8-KDirector or officer change; Other material event
Rules and notices
Federal Register, last 45 days- Oct 6Notice · Energy DepartmentPJM Interconnection, L.L.C.; Notice of Institution of Section 206 Proceeding and Refund Effective Date
- Sep 15Notice · Energy DepartmentNorth American Electric Reliability Corporation; Order Approving Reliability Standard CIP-014-4
Matched by title against the industry’s terms; paperwork renewals and meeting notices left out · read 21:18 UTC, Oct 23
Who is exposed
Trailing twelve months to each company’s latest quarter, from its own XBRL filings · SEC EDGAR| Company | Quarter to | Revenue | Growth | Gross margin | Op. margin | Capex / revenue | Capex growth | Inventory days | Backlog |
|---|---|---|---|---|---|---|---|---|---|
| GE Vernova GEVTurbines and grid equipment | Jun 30, 2026 | $41.4B | +13.0% | 20.2% | 4.3% | 4.1% | +96.0% | 140 | $176B+37.0% |
| Eaton ETNElectrical equipment | Jun 30, 2026 | $30.0B | +15.5% | 35.9% | — | 3.4% | +29.1% | 103 | — |
| Hubbell HUBBUtility components | Mar 31, 2026 | $6.0B | +7.2% | 35.5% | 20.7% | 2.8% | +2.2% | 107 | — |
| Powell Industries POWLSwitchgear | Jun 30, 2026 | $1.2B | +7.0% | 30.1% | 19.7% | 1.1% | -38.7% | 43 | $2.4B+71.4% |
| nVent NVTEnclosures and connections | Jun 30, 2026 | $4.8B | +46.2% | 37.0% | 17.1% | 2.3% | +40.8% | 63 | — |
| Quanta Services PWRGrid construction | Jun 30, 2026 | $32.9B | +26.3% | 15.5% | 6.2% | 2.4% | +24.4% | 6 | $33.5B+75.1% |
| MYR Group MYRGGrid construction | Jun 30, 2026 | $4.0B | +16.1% | 12.5% | 5.6% | 2.6% | +63.6% | — | $2.8B+21.2% |
| American Electric Power AEPTransmission-heavy utility | Mar 31, 2026 | $22.4B | +11.3% | — | 24.0% | 19.7% | — | — | $205M-26.3% |
| NextEra Energy NEEUtility and renewables | Mar 31, 2026 | $26.0B | +8.3% | — | 31.7% | — | — | — | — |
| Duke Energy DUKUtility | Mar 31, 2026 | $32.5B | +5.8% | — | 27.7% | 46.0% | +22.5% | — | — |
| Median of 10 with a current year | +12.1% | 30.1% | 19.7% | 2.8% |
Growth compares the latest twelve months with the twelve before. A quarter a company reports only inside a year-to-date total is the difference of the two totals it filed; a ratio is shown only when both sides cover the same four quarters. Backlog is remaining performance obligations, with its change on a year earlier. A dash means the company does not report that line.
What to watch
Comment deadlines and effective dates ahead · Federal RegisterNo comment period or effective date ahead among this industry’s documents of the last 150 days.
Where US supply comes from
US imports, Jul 2026 · UN Comtrade- HS 8504Transformers and converters · $3.3B · +7.2% on a year earlierMexico 18% · China 12% · Thailand 12%
- HS 8537Switchboards and control panels · $2.4B · +20.5% on a year earlierMexico 37% · Canada 11% · Germany 7%
- HS 8544Insulated wire and cable · $3.7B · +7.2% on a year earlierMexico 45% · China 11% · Vietnam 9%