Hubbell Inc (HUBB)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	759,800	545,900	399,500	351,200	400,900
Revenue	US$ in thousands	5,333,700	4,894,800	4,120,400	4,125,400	4,543,700
Net profit margin		14.25%	11.15%	9.70%	8.51%	8.82%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $759,800K ÷ $5,333,700K
= 14.25%

The net profit margin of Hubbell Inc. has shown a positive trend over the past five years, increasing from 8.70% in 2019 to 14.11% in 2023. This indicates that the company has been able to improve its profitability by effectively managing its expenses and generating more net income relative to its revenue. The consistent growth in net profit margin demonstrates the company's ability to control costs and operate efficiently, which is a positive sign for investors and stakeholders. The upward trajectory of the net profit margin suggests that Hubbell Inc. has been successful in enhancing its bottom line performance and creating value for its shareholders.