Hubbell Inc (HUBB)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	3,268,300	2,877,000	2,360,900	2,229,800	2,070,000
ROE		23.80%	26.41%	23.12%	17.92%	16.97%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $777,800K ÷ $3,268,300K
= 23.80%

Based on the data provided, Hubbell Inc's return on equity (ROE) has shown a positive trend over the past five years. The ROE increased from 16.97% as of December 31, 2020, to 23.80% as of December 31, 2024. This indicates that the company has been effectively utilizing its equity to generate profits for its shareholders.

The continuous improvement in ROE suggests that Hubbell Inc has been successful in increasing its net income relative to shareholders' equity, reflecting efficient management of the company's assets and liabilities. The latest ROE of 23.80% as of December 31, 2024, indicates that the company is generating approximately $0.238 in net income for every $1 of shareholders' equity, highlighting strong profitability.

Overall, the trend in Hubbell Inc's ROE demonstrates a positive performance in terms of generating returns for its shareholders and indicates effective financial management by the company's management team.