Net Profit Margin
since 2005
Calculation
Hubbell Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income attributable to Hubbell Incorporated1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 11.03% | = | 100 | × | 545,900) | ÷ | 4,947,900) |
| Dec 31, 2021 | 9.53% | = | 100 | × | 399,500) | ÷ | 4,194,100) |
| Dec 31, 2020 | 8.39% | = | 100 | × | 351,200) | ÷ | 4,186,000) |
| Dec 31, 2019 | 8.73% | = | 100 | × | 400,900) | ÷ | 4,591,000) |
| Dec 31, 2018 | 8.04% | = | 100 | × | 360,200) | ÷ | 4,481,700) |
| Dec 31, 2017 | 6.63% | = | 100 | × | 243,100) | ÷ | 3,668,800) |
| Dec 31, 2016 | 8.36% | = | 100 | × | 293,000) | ÷ | 3,505,200) |
| Dec 31, 2015 | 8.18% | = | 100 | × | 277,300) | ÷ | 3,390,400) |
| Dec 31, 2014 | 9.68% | = | 100 | × | 325,300) | ÷ | 3,359,400) |
| Dec 31, 2013 | 10.25% | = | 100 | × | 326,500) | ÷ | 3,183,900) |
| Dec 31, 2012 | 9.84% | = | 100 | × | 299,700) | ÷ | 3,044,400) |
| Dec 31, 2011 | 9.33% | = | 100 | × | 267,900) | ÷ | 2,871,600) |
| Dec 31, 2010 | 8.55% | = | 100 | × | 217,200) | ÷ | 2,541,200) |
| Dec 31, 2009 | 7.65% | = | 100 | × | 180,100) | ÷ | 2,355,600) |
| Dec 31, 2008 | 8.23% | = | 100 | × | 222,700) | ÷ | 2,704,400) |
| Dec 31, 2007 | 8.22% | = | 100 | × | 208,300) | ÷ | 2,533,900) |
| Dec 31, 2006 | 6.55% | = | 100 | × | 158,100) | ÷ | 2,414,300) |
| Dec 31, 2005 | 7.84% | = | 100 | × | 165,100) | ÷ | 2,104,900) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The net profit margin exhibited an overall upward trajectory between 2005 and 2022, rising from 7.84% to 11.03%. This long-term increase indicates a general improvement in the company's ability to convert net sales into attributable profit over the seventeen-year period.
- Margin Volatility and Initial Growth (2005–2013)
- Between 2005 and 2009, the net profit margin remained relatively volatile, fluctuating between a low of 6.55% in 2006 and a high of 8.23% in 2008. A sustained period of expansion followed, with margins increasing annually from 8.55% in 2010 to a peak of 10.25% in 2013.
- Period of Contraction (2014–2017)
- A downward trend occurred starting in 2014, resulting in a decline from 9.68% to a period low of 6.63% by December 31, 2017. This decline suggests a temporary compression of profitability despite continuing growth in net sales during the same timeframe.
- Recovery and Peak Performance (2018–2022)
- A strong recovery phase began in 2018, with the net profit margin climbing from 8.04% to 11.03% by 2022. The final year of the analyzed period represents the highest margin achieved since 2005, signaling enhanced operational efficiency or improved pricing power.
- Revenue and Income Correlation
- Net sales increased from 2,104.9 million in 2005 to 4,947.9 million in 2022, while net income attributable to the company grew from 165.1 million to 545.9 million. The growth rate of net income exceeded the growth rate of net sales, which fundamentally drove the expansion of the net profit margin over the long term.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Hubbell Inc., net profit margin, long-term trends, comparison to competitors
| Hubbell Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 11.03% | -7.41% | 11.85% | 11.86% | 0.31% | 14.00% | 8.69% | 7.75% |
| Dec 31, 2021 | 9.53% | -6.75% | 13.47% | 10.92% | -9.17% | 16.11% | 9.42% | 6.00% |
| Dec 31, 2020 | 8.39% | -20.42% | 7.68% | 7.90% | 7.81% | 14.64% | 10.45% | -6.22% |
| Dec 31, 2019 | 8.73% | -0.83% | 12.00% | 10.34% | -5.69% | 16.73% | 10.42% | 7.19% |
| Dec 31, 2018 | 8.04% | 10.34% | 11.86% | 9.93% | -19.69% | 16.18% | 9.39% | 7.92% |
| Dec 31, 2017 | 6.63% | 8.78% | 1.77% | 14.63% | -5.11% | 4.08% | 3.92% | 7.61% |
| Dec 31, 2016 | 8.36% | 5.18% | -0.19% | 9.73% | 8.00% | 12.24% | 11.22% | 8.83% |
| Dec 31, 2015 | 8.18% | 5.39% | 4.76% | 9.49% | -5.79% | 12.36% | 7.81% | 13.56% |
| Dec 31, 2014 | 9.68% | 6.00% | 7.09% | 7.95% | 14.27% | 10.52% | 7.93% | 9.55% |
| Dec 31, 2013 | 10.25% | 5.29% | 7.19% | 8.44% | 12.99% | 10.05% | 6.57% | 9.14% |
| Dec 31, 2012 | 9.84% | 4.77% | 9.01% | 7.46% | 13.62% | 7.77% | 5.82% | 8.89% |
| Dec 31, 2011 | 9.33% | 5.85% | 8.59% | 8.41% | 14.97% | 5.66% | 5.71% | 8.56% |
| Dec 31, 2010 | 8.55% | 5.14% | 6.77% | 6.77% | 11.59% | 6.06% | 6.39% | 8.05% |
| Dec 31, 2009 | 7.65% | 1.92% | 3.03% | 3.23% | 10.62% | 6.97% | 6.69% | 7.30% |
| Dec 31, 2008 | 8.23% | 4.39% | 7.40% | 6.88% | 15.44% | 7.64% | 7.53% | 8.08% |
| Dec 31, 2007 | 8.22% | 6.14% | 8.44% | 7.63% | 22.31% | 7.07% | 7.25% | 7.83% |
| Dec 31, 2006 | 6.55% | 3.60% | 9.10% | 7.68% | 20.68% | 6.64% | 6.38% | 7.92% |
| Dec 31, 2005 | 7.84% | 4.69% | 8.39% | 7.24% | 17.66% | 5.98% | 4.90% | 7.26% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Hubbell Inc., net profit margin, long-term trends, comparison to sector (capital goods)
| Hubbell Inc. | Capital Goods | |
|---|---|---|
| Dec 31, 2022 | 11.03% | 5.27% |
| Dec 31, 2021 | 9.53% | 3.71% |
| Dec 31, 2020 | 8.39% | 1.85% |
| Dec 31, 2019 | 8.73% | 5.03% |
| Dec 31, 2018 | 8.04% | 2.99% |
| Dec 31, 2017 | 6.63% | 3.41% |
| Dec 31, 2016 | 8.36% | 7.61% |
| Dec 31, 2015 | 8.18% | 4.69% |
| Dec 31, 2014 | 9.68% | 9.51% |
| Dec 31, 2013 | 10.25% | 8.78% |
| Dec 31, 2012 | 9.84% | 8.73% |
| Dec 31, 2011 | 9.33% | 9.04% |
| Dec 31, 2010 | 8.55% | 7.93% |
| Dec 31, 2009 | 7.65% | 6.61% |
| Dec 31, 2008 | 8.23% | 9.45% |
| Dec 31, 2007 | 8.22% | 11.53% |
| Dec 31, 2006 | 6.55% | 10.82% |
| Dec 31, 2005 | 7.84% | 9.72% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Hubbell Inc., net profit margin, long-term trends, comparison to industry (industrials)
| Hubbell Inc. | Industrials | |
|---|---|---|
| Dec 31, 2022 | 11.03% | 5.04% |
| Dec 31, 2021 | 9.53% | 5.85% |
| Dec 31, 2020 | 8.39% | 0.09% |
| Dec 31, 2019 | 8.73% | 4.11% |
| Dec 31, 2018 | 8.04% | 4.75% |
| Dec 31, 2017 | 6.63% | 5.79% |
| Dec 31, 2016 | 8.36% | 7.43% |
| Dec 31, 2015 | 8.18% | 6.48% |
| Dec 31, 2014 | 9.68% | 8.76% |
| Dec 31, 2013 | 10.25% | 8.23% |
| Dec 31, 2012 | 9.84% | 7.39% |
| Dec 31, 2011 | 9.33% | 8.26% |
| Dec 31, 2010 | 8.55% | 7.48% |
| Dec 31, 2009 | 7.65% | 5.76% |
| Dec 31, 2008 | 8.23% | 7.27% |
| Dec 31, 2007 | 8.22% | 9.56% |
| Dec 31, 2006 | 6.55% | 14.87% |
| Dec 31, 2005 | 7.84% | 3.55% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).