nVent Electric PLC (NVT)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 429,200 | 499,500 | 472,600 | 320,700 | -9,500 |
| Revenue | US$ in thousands | 3,006,100 | 3,263,600 | 2,909,000 | 2,462,000 | 1,998,600 |
| Pretax margin | 14.28% | 15.31% | 16.25% | 13.03% | -0.48% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $429,200K ÷ $3,006,100K
= 14.28%
nVent Electric PLC's pretax margin has shown a positive trend from -0.48% in December 2020 to 14.28% in December 2024. This indicates an improvement in the company's ability to generate profits before accounting for taxes relative to its total revenue over the years. The pretax margin reached its peak in December 2022 at 16.25%, demonstrating strong profitability during that period. Overall, the consistent increase in pretax margin reflects effective cost management and operational efficiency within the organization, contributing to a healthier financial performance and potentially signaling a positive outlook for nVent Electric PLC.
Peer comparison
Dec 31, 2024