Hubbell Inc (HUBB)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	1,038,500	709,100	532,300	494,500	526,700
Revenue	US$ in thousands	5,333,700	4,894,800	4,120,400	4,125,400	4,543,700
Operating profit margin		19.47%	14.49%	12.92%	11.99%	11.59%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,038,500K ÷ $5,333,700K
= 19.47%

Hubbell Inc.'s operating profit margin has shown an improving trend over the past five years. The operating profit margin increased from 12.99% in 2019 to 19.33% in 2023. This indicates that the company has been able to effectively manage its operating expenses relative to its revenue generation.

The rising trend in operating profit margin suggests that Hubbell Inc. has likely implemented cost-saving measures or improved operational efficiencies, leading to greater profitability. This improvement can be seen as a positive indicator of the company's overall financial health and management effectiveness.

The steady increase in operating profit margin over the years indicates that Hubbell Inc. has been successful in controlling its operating costs and optimizing its operational performance, ultimately enhancing its profitability. This trend bodes well for the company's ability to generate profits from its core business operations in the future.