Hubbell Inc (HUBB)

Gross profit margin

		Dec 31, 2024	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
Gross profit (ttm)	US$ in thousands	1,904,100	1,909,700	1,900,000	1,887,500	1,888,100	1,798,700	1,709,800	1,596,800	1,471,600	1,394,700	1,297,300	1,212,400	1,151,500	1,121,800	1,113,500	1,070,400	1,085,800	1,151,600	1,220,800	1,323,000
Revenue (ttm)	US$ in thousands	5,601,600	5,602,400	5,527,800	5,432,000	5,335,100	5,207,000	5,143,100	5,029,700	4,896,200	4,789,600	4,685,500	4,597,700	4,518,800	4,456,600	4,350,200	4,128,200	4,140,200	4,205,600	4,320,700	4,566,400
Gross profit margin		33.99%	34.09%	34.37%	34.75%	35.39%	34.54%	33.24%	31.75%	30.06%	29.12%	27.69%	26.37%	25.48%	25.17%	25.60%	25.93%	26.23%	27.38%	28.25%	28.97%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,904,100K ÷ $5,601,600K
= 33.99%

Hubbell Inc's gross profit margin has shown a fluctuating trend over the past years. It decreased from 28.97% as of March 31, 2020, to 25.93% as of March 31, 2021, indicating a decline in profitability during that period. However, from March 31, 2021, onwards, there has been a gradual improvement in the gross profit margin, reaching 35.39% as of December 31, 2023.

The highest gross profit margin recorded was 35.39% as of December 31, 2023, while the lowest was 25.17% as of September 30, 2021. It is important to note that the most recent data as of December 31, 2024, shows a slight decrease to 33.99% compared to the previous quarter.

Overall, the increasing trend in gross profit margin from March 31, 2022, to December 31, 2023, is a positive sign of improved efficiency in production and cost management for Hubbell Inc. However, monitoring future quarters' performance will be crucial to assess whether the company can sustain or further improve its profitability levels.