ITT (ITT) Net Margin % : 11.04% (As of Dec. 2023)

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What is ITT Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. ITT's Net Income for the three months ended in Dec. 2023 was $92 Mil. ITT's Revenue for the three months ended in Dec. 2023 was $829 Mil. Therefore, ITT's net margin for the quarter that ended in Dec. 2023 was 11.04%.

The historical rank and industry rank for ITT's Net Margin % or its related term are showing as below:

ITT' s Net Margin % Range Over the Past 10 Years
Min: 2.93 Med: 11.43 Max: 14.15
Current: 12.5

ITT's Net Margin % is ranked better than
80.79% of 2973 companies
in the Industrial Products industry
Industry Median: 5.21 vs ITT: 12.50

ITT Net Margin % Historical Data

The historical data trend for ITT's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ITT Net Margin % Chart

ITT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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11.42

2.93

11.44

12.28

12.50

ITT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial															14.87	12.53	12.98	13.48	11.04

Competitive Comparison of ITT's Net Margin %

For the Specialty Industrial Machinery subindustry, ITT's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ITT's Net Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ITT's Net Margin % distribution charts can be found below:

* The bar in red indicates where ITT's Net Margin % falls into.

ITT Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

ITT's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	410.5	/	3283
	=	12.50 %

ITT's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	91.5	/	829.1
	=	11.04 %

ITT (NYSE:ITT) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

ITT Net Margin % Related Terms

Thank you for viewing the detailed overview of ITT's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

ITT (ITT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ITT Inc (NYSE:ITT) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

2II:Germany 2II:Germany

Address

100 Washington Boulevard, 6th Floor, Stamford, CT, USA, 06902

Website

https://www.itt.com

ITT is a diversified industrial conglomerate with over $3 billion in sales. After the spinoffs of Xylem and Exelis in 2011, the company's products primarily include brake pads, shock absorbers, pumps, valves, connectors, and switches. Its customers include original-equipment and Tier 1 manufacturers as well as aftermarket customers. ITT uses a network of approximately 700 independent distributors, which accounts for about one third of overall revenue. Nearly three fourths of the company's sales are made in North America and Europe. ITT's primary end markets include automotive, rail, oil and gas, aerospace and defense, chemical, mining, and general industrial.

Executives

Ryan F. Flynn	officer: See Remarks	56 TECHNOLOGY DR., IRVINE CA 92618
Don Defosset	director	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Nazzic S Keene	director	1710 SAIC DRIVE, MCLEAN VA 22102
Kevin C Berryman	director	521 WEST 57TH STREET, NEW YORK NY 10019
Maurine C. Lembesis	officer: See Remarks	8 RYANS RUN, PLEASANT VALLEY NY 12569
Carlo Ghirardo	officer: See Remarks	VIA BONINO, 5, BRA (CN) L6 12042
Fernando Roland	officer: SVP & Pres Industrial Process	100 WASHINGTON BLVD., 6TH FLOOR, STAMFORD CT 06902
Lori B. Marino	officer: SVP, General Counsel	100 WASHINGTON BLVD, STAMFORD CT 06902
De Mesa Graziano Cheryl	officer: VP, Chief Accounting Officer	80 GRASSLANDS ROAD, ELMSFORD NY 10523
Emmanuel Caprais	officer: Chief Financial Officer	1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
Mary Elizabeth Gustafsson	officer: See Remarks	ITT CORPORATION, 1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
Timothy H Powers	director	C/O RICHARD W DAVLES HUBBELL INC, 684 DERBY MILFORD RD, ORANGE CT 06477
Luca Savi	officer: See Remarks	C/O ITT CORPORATION, 1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
Bartek Markowiecki	officer: SVP, Strategy & Corp Dev.	C/O ITT INC., 1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
Orlando D Ashford	director	C/O AMERANT BANK, 220 ALHAMBRA CR., CORAL GABLES FL 33134