nVent Electric PLC (NVT)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 331,800 | 567,100 | 399,800 | 272,900 | -47,200 |
| Revenue | US$ in thousands | 3,006,100 | 3,263,600 | 2,909,000 | 2,462,000 | 1,998,600 |
| Net profit margin | 11.04% | 17.38% | 13.74% | 11.08% | -2.36% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $331,800K ÷ $3,006,100K
= 11.04%
nVent Electric PLC's net profit margin has shown fluctuations over the past five years. In December 31, 2020, the net profit margin was at -2.36%, indicating that the company experienced a loss relative to its revenue. However, there has been a significant improvement in the following years. By December 31, 2023, the net profit margin increased to 17.38%, reflecting a substantial profitability growth.
It is noteworthy that in December 31, 2021 and December 31, 2024, there were slight declines in the net profit margin to 11.08% and 11.04% respectively. Despite these decreases, the overall trend indicates an improvement in nVent Electric PLC's profitability performance over the five-year period.
The upward trend in the net profit margin suggests that the company has been effectively managing its costs and increasing its efficiency in generating profits from its revenue. However, the slight dips in 2021 and 2024 may warrant further investigation to understand the factors influencing these fluctuations.
Peer comparison
Dec 31, 2024