nVent Electric PLC (NVT)
Operating profit margin
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 580,700 | 637,900 | 660,900 | 637,700 | 601,300 | 617,800 | 552,800 | 510,800 | 476,800 | 375,000 | 381,500 | 365,100 | 355,400 | 340,800 | 101,500 | 58,500 | 38,400 | 46,500 | 274,200 | 315,900 |
| Revenue (ttm) | US$ in thousands | 3,289,100 | 3,398,100 | 3,474,900 | 3,397,600 | 3,263,600 | 3,144,000 | 3,030,400 | 2,954,900 | 2,909,000 | 2,836,400 | 2,734,000 | 2,607,800 | 2,462,000 | 2,314,200 | 2,180,700 | 2,026,600 | 1,998,600 | 2,044,100 | 2,094,600 | 2,186,900 |
| Operating profit margin | 17.66% | 18.77% | 19.02% | 18.77% | 18.42% | 19.65% | 18.24% | 17.29% | 16.39% | 13.22% | 13.95% | 14.00% | 14.44% | 14.73% | 4.65% | 2.89% | 1.92% | 2.27% | 13.09% | 14.45% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $580,700K ÷ $3,289,100K
= 17.66%
The operating profit margin of nVent Electric PLC has shown fluctuations over the quarters reviewed. Starting at 14.45% in March 2020, the margin decreased to 1.92% by December 2020, before gradually recovering and reaching 19.02% by June 2024.
The downward trend in the margin from December 2020 to March 2021 reflects a period of lower profitability. However, the company managed to improve its operating efficiency in the subsequent quarters, as seen by the steady increase in the margin up to June 2024.
Overall, nVent Electric PLC has demonstrated the ability to sustain and enhance its operating profit margin over the reviewed period, with the margin ranging from 1.92% to 19.02%. This progression indicates potential improvements in cost management and revenue generation strategies, positively impacting the company's profitability.
Peer comparison
Dec 31, 2024