Hubbell Inc (HUBB)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	1,091,600	1,038,500	709,100	532,300	494,500
Revenue	US$ in thousands	5,622,200	5,333,700	4,894,800	4,120,400	4,125,400
Operating profit margin		19.42%	19.47%	14.49%	12.92%	11.99%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,091,600K ÷ $5,622,200K
= 19.42%

Hubbell Inc's operating profit margin has shown a positive trend over the past five years, increasing from 11.99% as of December 31, 2020, to 19.42% as of December 31, 2024. This improvement indicates the company's ability to generate more operating profit relative to its revenue. The steady growth in operating profit margin reflects effective cost management and operational efficiency within the organization. However, it is essential for Hubbell Inc to sustain this positive trajectory in order to enhance profitability and create long-term value for its shareholders.