nVent Electric PLC (NVT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 527,400 | 529,000 | 520,200 | 499,500 | 560,900 | 543,500 | 505,400 | 472,600 | 370,700 | 347,700 | 331,300 | 320,700 | 296,700 | 57,000 | 12,600 | -9,500 | -22,400 | 202,000 | 240,900 | 257,400 |
| 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 |
| Pretax margin | 16.00% | 15.66% | 15.70% | 15.64% | 18.15% | 18.15% | 17.29% | 16.42% | 13.28% | 12.94% | 12.94% | 13.28% | 12.96% | 2.64% | 0.63% | -0.48% | -1.11% | 9.79% | 11.19% | 11.86% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $527,400K ÷ $3,297,200K
= 16.00%
The pretax margin of nVent Electric PLC has fluctuated over the past few quarters, ranging from a low of -1.11% in December 2019 to a high of 18.15% in both September 2023 and June 2023. The company has shown a general trend of improvement in profitability, with pretax margins gradually increasing from 12.96% in December 2021 to 16.00% in September 2024.
However, it is worth noting that there was a decline in pretax margin in the most recent quarter, dropping slightly to 16.00% from 15.70% in March 2024. This could be an area of concern and may warrant further investigation to understand the underlying factors driving this decrease. Overall, nVent Electric PLC's pretax margin performance has shown improvement over the past few years, but management should continue to monitor and manage profitability to sustain and enhance financial performance.
Peer comparison
Sep 30, 2024