nVent Electric PLC (NVT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 286,700 |
| 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 |
| Pretax margin | 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% | 13.20% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $529,000K ÷ $3,378,900K
= 15.66%
The pretax margin of nVent Electric PLC has been relatively stable over the past few quarters, ranging from 12.94% to 18.15%. The company's pretax margin peaked at 18.15% in the third quarter of 2023 and remained above 15% in subsequent quarters. However, there was a significant decline in the pretax margin in the first quarter of 2021, dropping to just 0.63%, before improving in the following quarters.
Overall, nVent Electric PLC has demonstrated a consistent ability to generate pretax profit relative to its total revenue, although there have been periods of fluctuation. Investors and stakeholders may want to further investigate the factors influencing these fluctuations to assess the company's operational efficiency and profitability sustainability.
Peer comparison
Jun 30, 2024