nVent Electric PLC (NVT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 620,600 | 613,600 | 592,500 | 557,400 | 522,100 | 516,400 | 474,400 | 440,400 | 404,300 | 381,500 | 365,100 | 355,400 | 340,800 | 101,500 | 58,500 | 38,400 | 46,500 | 274,200 | 315,900 | 333,100 |
| 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 |
| Operating profit margin | 18.82% | 18.16% | 17.88% | 17.45% | 16.89% | 17.24% | 16.23% | 15.30% | 14.49% | 14.19% | 14.26% | 14.72% | 14.88% | 4.71% | 2.92% | 1.95% | 2.31% | 13.29% | 14.67% | 15.35% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $620,600K ÷ $3,297,200K
= 18.82%
The operating profit margin of nVent Electric PLC has shown a generally positive trend over the past several quarters. From the most recent quarter ending on September 30, 2024, the operating profit margin stood at 18.82%, indicating that the company generated $0.1882 in operating profit for every dollar of sales.
There was a slight improvement in the operating profit margin compared to the previous quarter, where it was at 18.16%. This suggests that the company has effectively managed its costs and expenses relative to its revenue during the period.
Looking further back, the operating profit margin has steadily increased from the low of 1.95% in March 2021 to the current level of 18.82% in September 2024. This demonstrates a consistent effort by the company to enhance operational efficiency and profitability.
It is worth noting that there was a significant improvement in the operating profit margin from the low point of 1.95% in March 2021 to the current level, indicating successful cost management strategies or possibly a change in the business model that led to higher profitability.
Overall, the increasing trend in the operating profit margin reflects positively on nVent Electric PLC's ability to generate profits from its core business operations and indicates a positive financial performance trajectory.
Peer comparison
Sep 30, 2024