nVent Electric
NVT
$71.17
Share price
-0.64%
Change (1 day)
62.45%
Change (1 year)
Categories
Operating Margin for nVent Electric (NVT)
Operating Margin as of April 2024 (TTM): 19.45%
According to nVent Electric's latest financial reports and stock price the company's current Operating Margin is 19.45%. At the end of 2022 the company had an Operating Margin of 16.25%.
Operating Margin history for nVent Electric from 2017 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 16.25% | 24.72% |
| 2021 | 13.03% | -2840.4% |
| 2020 | -0.48% | -104.07% |
| 2019 | 11.68% | -3.79% |
| 2018 | 12.14% | -18.72% |
| 2017 | 14.93% | 0.32% |
| 2016 | 14.89% | 1.29% |
| 2015 | 14.70% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 TE Connectivity
TEL | 14.45% | -25.71% | 🇨🇭 Switzerland |
 nVent Electric NVT | 19.45% | 0.00% | 🇬🇧 UK |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.