Hubbell Inc (HUBB)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	777,800	759,800	545,900	399,500	351,200
Total assets	US$ in thousands	6,679,100	6,914,000	5,402,600	5,281,500	5,085,100
ROA		11.65%	10.99%	10.10%	7.56%	6.91%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $777,800K ÷ $6,679,100K
= 11.65%

Hubbell Inc's return on assets (ROA) has shown a positive trend over the years, increasing from 6.91% as of December 31, 2020, to 11.65% as of December 31, 2024. This indicates the company's ability to generate more profit relative to its total assets over the period under review. The consistent improvement in ROA implies Hubbell Inc has been effectively utilizing its assets to generate income and create value for its shareholders. This steady increase in ROA suggests that the company's management has been efficient in leveraging its assets to drive profitability and enhance overall performance.