• NVent Electric average pre-tax profit margin for 2023 was 15.79%, a 18.81% decline from 2022.
• NVent Electric average pre-tax profit margin for 2022 was 13.29%, a 81.56% increase from 2021.
• NVent Electric average pre-tax profit margin for 2021 was 7.32%, a 52.18% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.