Hubbell Inc (HUBB)

Operating profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	1,038,500	984,900	912,200	815,000	709,100	671,400	613,700	565,300	532,300	479,300	496,300	485,600	494,500	479,200	489,200	524,600	526,700	597,300	588,200	578,200
Revenue (ttm)	US$ in thousands	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	4,561,000	4,601,800	4,554,400	4,523,100
Operating profit margin		19.47%	18.91%	17.74%	16.20%	14.48%	14.02%	13.10%	12.30%	11.78%	10.75%	11.41%	11.76%	11.94%	11.39%	11.32%	11.49%	11.55%	12.98%	12.91%	12.78%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,038,500K ÷ $5,335,100K
= 19.47%

Hubbell Inc.'s operating profit margin has shown a generally positive trend over the past eight quarters, indicating the company's ability to effectively control its operating expenses and generate profit from its core business activities. The operating profit margin has steadily increased from 13.05% in Q1 2022 to 19.33% in Q4 2023. This improvement suggests that Hubbell Inc. has been successful in optimizing its operational efficiency and increasing profitability. The consistent growth in operating profit margin reflects positively on the company's management of costs and pricing strategies, which have likely contributed to enhancing its overall financial performance.