nVent Electric PLC (NVT)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,334,400 | 1,388,700 | 1,430,800 | 1,394,400 | 1,342,100 | 1,279,900 | 1,216,700 | 1,152,600 | 1,096,700 | 1,052,300 | 1,012,800 | 980,200 | 941,900 | 891,700 | 838,000 | 763,100 | 749,400 | 772,000 | 799,300 | 851,200 |
| Revenue (ttm) | US$ in thousands | 3,289,100 | 3,398,100 | 3,474,900 | 3,397,600 | 3,263,600 | 3,144,000 | 3,030,400 | 2,954,900 | 2,909,000 | 2,836,400 | 2,734,000 | 2,607,800 | 2,462,000 | 2,314,200 | 2,180,700 | 2,026,600 | 1,998,600 | 2,044,100 | 2,094,600 | 2,186,900 |
| Gross profit margin | 40.57% | 40.87% | 41.18% | 41.04% | 41.12% | 40.71% | 40.15% | 39.01% | 37.70% | 37.10% | 37.04% | 37.59% | 38.26% | 38.53% | 38.43% | 37.65% | 37.50% | 37.77% | 38.16% | 38.92% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,334,400K ÷ $3,289,100K
= 40.57%
The gross profit margin of nVent Electric PLC has shown fluctuations over the analyzed period, ranging from a low of 37.04% on June 30, 2022, to a high of 41.18% on June 30, 2024. The margin generally remained above 37%, indicating the company's ability to efficiently manage its production costs and generate profits from its core operations.
The trend exhibited some volatility, with occasional decreases followed by increases in the margin. Notably, there was a steady improvement in the gross profit margin from March 31, 2023, onwards, reaching a peak of 41.18% on June 30, 2024. This upward trajectory suggests that nVent Electric PLC may have implemented strategies to enhance cost efficiencies or increase the selling price of its products during this period.
Overall, the gross profit margin trend of nVent Electric PLC reflects the company's performance in optimizing its production and sales processes to maximize profits, albeit with some variability in the short term.
Peer comparison
Dec 31, 2024