nVent Electric PLC (NVT)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 527,100 | 587,400 | 440,400 | 355,400 | 247,400 |
| Revenue | US$ in thousands | 3,006,100 | 3,263,600 | 2,909,000 | 2,462,000 | 1,998,600 |
| Operating profit margin | 17.53% | 18.00% | 15.14% | 14.44% | 12.38% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $527,100K ÷ $3,006,100K
= 17.53%
nVent Electric PLC's operating profit margin has shown a positive trend over the past five years. Starting at 12.38% on December 31, 2020, the margin improved to 14.44% by December 31, 2021, and continued to increase steadily to reach 17.53% by December 31, 2024. This indicates the company's ability to efficiently control its operating expenses relative to its revenue, resulting in a higher proportion of revenue translating into operating profits. The consistent growth in operating profit margin reflects improved operational efficiency and effective cost management practices within the organization.
Peer comparison
Dec 31, 2024