nVent Electric PLC (NVT)
Net profit margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 576,000 | 576,500 | 578,400 | 567,100 | 470,900 | 458,800 | 425,800 | 399,800 | 308,100 | 289,000 | 275,300 | 272,900 | 253,000 | 40,000 | -400 | -47,200 | -48,800 | 149,800 | 184,900 | 222,700 |
| Revenue (ttm) | US$ in thousands | 3,297,200 | 3,378,900 | 3,314,100 | 3,194,500 | 3,090,800 | 2,994,600 | 2,923,100 | 2,877,800 | 2,790,500 | 2,688,000 | 2,561,200 | 2,414,500 | 2,289,800 | 2,156,000 | 2,000,600 | 1,970,800 | 2,016,300 | 2,063,700 | 2,153,500 | 2,170,000 |
| Net profit margin | 17.47% | 17.06% | 17.45% | 17.75% | 15.24% | 15.32% | 14.57% | 13.89% | 11.04% | 10.75% | 10.75% | 11.30% | 11.05% | 1.86% | -0.02% | -2.39% | -2.42% | 7.26% | 8.59% | 10.26% |
September 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $576,000K ÷ $3,297,200K
= 17.47%
nVent Electric PLC's net profit margin has shown fluctuations over the past several quarters. The net profit margin, which represents the percentage of revenue that translates into net income, has ranged from a low of -2.42% in December 2019 to a high of 17.75% in March 2024.
In recent quarters, nVent Electric PLC has generally maintained a positive net profit margin, indicating that the company is effectively managing its expenses relative to its revenue. This is exemplified by the consistently positive net profit margins in 2022 and 2023. However, there were significant improvements in profitability in the first half of 2024, with margins exceeding 17%.
It is worth noting that the net profit margin dipped significantly in the first two quarters of 2021 and 2020, reaching negative values, which could be a cause for concern. However, the company managed to recover and return to positive margins by the end of 2021.
Overall, nVent Electric PLC's recent performance in terms of net profit margin indicates a positive trend, demonstrating the company's ability to generate profits relative to its revenue.
Peer comparison
Sep 30, 2024