Hubbell Inc (HUBB)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 977,100 | 686,100 | 487,700 | 441,000 | 502,100 |
| Revenue | US$ in thousands | 5,333,700 | 4,894,800 | 4,120,400 | 4,125,400 | 4,543,700 |
| Pretax margin | 18.32% | 14.02% | 11.84% | 10.69% | 11.05% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $977,100K ÷ $5,333,700K
= 18.32%
Hubbell Inc.'s pretax margin has shown a positive trend over the past five years. The company's pretax margin increased from 11.34% in 2019 to 18.30% in 2023, indicating improved profitability before accounting for taxes. This suggests that the company has been effective in managing its costs and expenses relative to its revenue, leading to higher profitability levels. The consistent growth in pretax margin reflects Hubbell Inc.'s ability to generate more operating income per dollar of sales over the years, which is a positive indicator of the company's financial performance and efficiency.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Hubbell Inc
HUBB
18.32%
Mercury Systems Inc
MRCY
-22.66%
Universal Display
OLED
42.53%
Vishay Intertechnology Inc
VSH
13.69%