nVent Electric PLC (NVT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 567,100 | 399,800 | 272,900 | -47,200 | 222,700 |
| Revenue | US$ in thousands | 3,195,600 | 2,877,800 | 2,414,500 | 1,962,200 | 2,159,300 |
| Net profit margin | 17.75% | 13.89% | 11.30% | -2.41% | 10.31% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $567,100K ÷ $3,195,600K
= 17.75%
nVent Electric plc has shown varying levels of net profit margin over the past five years. The net profit margin increased from 10.10% in 2019 to 11.08% in 2021, indicating an improvement in the company's ability to convert revenue into profit. In 2022, the net profit margin further increased to 13.74%, reflecting continued positive performance. Notably, in 2023, the net profit margin reached its highest level at 17.38%, suggesting strong profitability for the company during that period. However, it is important to note that in 2020, the net profit margin was negative at -2.36%, which could be a cause for concern and may require further investigation. Overall, the trend in net profit margin shows positive growth for nVent Electric plc, with the most recent data indicating a significant increase in profitability.
Peer comparison
Dec 31, 2023