nVent Electric PLC (NVT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 587,400 | 440,400 | 355,400 | 38,400 | 333,100 |
| Revenue | US$ in thousands | 3,195,600 | 2,877,800 | 2,414,500 | 1,962,200 | 2,159,300 |
| Operating profit margin | 18.38% | 15.30% | 14.72% | 1.96% | 15.43% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $587,400K ÷ $3,195,600K
= 18.38%
nVent Electric plc's operating profit margin has shown a steady improvement over the past five years. The company's operating profit margin has increased from 15.11% in 2019 to 18.00% in 2023, indicating consistent growth in efficiency and profitability. This upward trend suggests that nVent Electric plc has been successfully managing its operating expenses relative to its revenue, resulting in higher profitability for the company. Improving operating profit margin is a positive sign for investors as it signifies the company's ability to generate more profits from its core business operations. Overall, nVent Electric plc's operating profit margin demonstrates a positive performance trajectory and efficient management of operational costs over the past five years.
Peer comparison
Dec 31, 2023