nVent Electric PLC (NVT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 643,600 | 622,500 | 587,400 | 552,100 | 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 | 336,800 |
| 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 |
| Operating profit margin | 19.05% | 18.78% | 18.39% | 17.86% | 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% | 15.51% |
June 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $643,600K ÷ $3,378,900K
= 19.05%
nVent Electric PLC's operating profit margin has shown fluctuations over the past few quarters. The trend indicates a gradual improvement in profitability, as the margin has generally been increasing over the recent quarters, with occasional dips.
The operating profit margin was relatively stable around the 14-15% range in the earlier quarters of 2021 and has shown a significant upturn in the more recent periods, reaching above 18% in the most recent quarter. This improvement suggests that the company has been effectively managing its operating expenses and generating better returns from its core business operations.
Overall, the increasing trend in the operating profit margin indicates improved operational efficiency and effective cost management strategies implemented by nVent Electric PLC. It is essential for investors and stakeholders to monitor this metric continuously to assess the company's ability to generate profits from its primary activities.
Peer comparison
Jun 30, 2024