nVent Electric PLC (NVT)
Net profit margin
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 244,200 |
| Revenue (ttm) | US$ in thousands | 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 | 2,171,400 |
| Net profit margin | 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% | 11.25% |
June 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $576,500K ÷ $3,378,900K
= 17.06%
The net profit margin of nVent Electric PLC has shown some variability over the multiple periods provided. The margin was relatively stable and favorable from Jun 30, 2020, to Mar 31, 2023, ranging between 14.57% to 17.75%. However, there was a significant decline in the net profit margin in Dec 31, 2023, to Sep 30, 2024, with the margin dropping to as low as 10.75% in consecutive periods.
Overall, the company's net profit margin has demonstrated some fluctuation, with a general trend of favorable margins followed by a period of decline. This could indicate changes in the company's cost structure, pricing strategies, or other factors impacting profitability. Further analysis of the underlying financial and operational aspects would be necessary to fully understand the dynamics behind these fluctuations and their potential implications for the company's financial performance.
Peer comparison
Jun 30, 2024