Hubbell Inc (HUBB)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	777,800	759,800	545,900	399,500	351,200
Revenue	US$ in thousands	5,622,200	5,333,700	4,894,800	4,120,400	4,125,400
Net profit margin		13.83%	14.25%	11.15%	9.70%	8.51%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $777,800K ÷ $5,622,200K
= 13.83%

Based on the provided data, Hubbell Inc's net profit margin has shown a positive trend over the years. Starting at 8.51% on December 31, 2020, it gradually increased to 9.70% by December 31, 2021, and continued to rise to 11.15% by December 31, 2022. The trend accelerated significantly in the following years, reaching 14.25% by December 31, 2023, and then slightly decreasing to 13.83% by December 31, 2024.

This improvement in net profit margin indicates that Hubbell Inc has been effectively managing its expenses relative to its revenue, leading to a higher percentage of profit from its operations. The peak net profit margin in 2023 suggests that the company was particularly efficient in generating profits that year. However, the slight decline in 2024 may warrant further investigation to ensure sustained profitability in the future. Overall, the increasing trend in net profit margin showcases Hubbell Inc's ability to generate more profit from its sales over the years.