Operating Profit Margin
since 2005
Calculation
Hubbell Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 14.33% | = | 100 | × | 709,100) | ÷ | 4,947,900) |
| Dec 31, 2021 | 12.69% | = | 100 | × | 532,300) | ÷ | 4,194,100) |
| Dec 31, 2020 | 12.73% | = | 100 | × | 533,000) | ÷ | 4,186,000) |
| Dec 31, 2019 | 12.99% | = | 100 | × | 596,600) | ÷ | 4,591,000) |
| Dec 31, 2018 | 12.43% | = | 100 | × | 556,900) | ÷ | 4,481,700) |
| Dec 31, 2017 | 13.73% | = | 100 | × | 503,700) | ÷ | 3,668,800) |
| Dec 31, 2016 | 13.63% | = | 100 | × | 477,800) | ÷ | 3,505,200) |
| Dec 31, 2015 | 14.00% | = | 100 | × | 474,600) | ÷ | 3,390,400) |
| Dec 31, 2014 | 15.40% | = | 100 | × | 517,400) | ÷ | 3,359,400) |
| Dec 31, 2013 | 15.94% | = | 100 | × | 507,600) | ÷ | 3,183,900) |
| Dec 31, 2012 | 15.50% | = | 100 | × | 471,800) | ÷ | 3,044,400) |
| Dec 31, 2011 | 14.76% | = | 100 | × | 423,800) | ÷ | 2,871,600) |
| Dec 31, 2010 | 14.47% | = | 100 | × | 367,800) | ÷ | 2,541,200) |
| Dec 31, 2009 | 12.51% | = | 100 | × | 294,700) | ÷ | 2,355,600) |
| Dec 31, 2008 | 12.79% | = | 100 | × | 346,000) | ÷ | 2,704,400) |
| Dec 31, 2007 | 11.82% | = | 100 | × | 299,400) | ÷ | 2,533,900) |
| Dec 31, 2006 | 9.69% | = | 100 | × | 233,900) | ÷ | 2,414,300) |
| Dec 31, 2005 | 10.77% | = | 100 | × | 226,800) | ÷ | 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 financial data reveals several noteworthy trends in key financial metrics over the analyzed period.
- Operating Income
- The operating income shows an overall increasing trend from 2005 through 2022, with a few fluctuations. Starting at approximately 226.8 million USD in 2005, operating income generally rises, reaching a peak of 709.1 million USD in 2022. Notable increases occurred between 2006 and 2008, and again from 2017 onwards. There is a decrease visible in 2009 and some volatility between 2014 and 2016, with a dip in 2015. Despite some year-to-year variability, the extended period reflects growth in operating income.
- Net Sales
- Net sales increased markedly across the period, rising from about 2.1 billion USD in 2005 to nearly 5 billion USD in 2022. There was consistent growth during most years, with some exceptions such as a decline in 2009 and a slight decrease between 2014 and 2016. The most significant jump in net sales appears between 2017 and 2019. Though sales declined somewhat in 2020 and 2021, they recovered strongly by 2022. Overall, the trend indicates substantial expansion in revenue over the long term.
- Operating Profit Margin
- The operating profit margin shows more variability but remains within a moderate range throughout the years. It started at 10.77% in 2005, dipped to a low in 2006, then increased to a peak of 15.94% by 2013. After this peak, the margin gradually declined to around 12.43% in 2018 before recovering modestly to 14.33% by 2022. This pattern suggests fluctuating operational efficiency or cost management effectiveness, with margins generally improving until the early 2010s and then stabilizing in the low to mid-teens percentage range.
In summary, the data indicates robust growth in both operating income and net sales over the long term, with net sales nearly doubling. Despite some short-term fluctuations, operating profit margins have remained relatively stable, suggesting resilience in profitability amidst changing market or operational conditions. The increase in absolute income figures alongside steady margins potentially reflects effective scaling of operations and cost control strategies.
Comparison to Competitors
Hubbell Inc., operating profit margin, long-term trends, comparison to competitors
| Hubbell Inc. | Boeing Co. | Caterpillar Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 14.33% | -5.33% | 13.97% | 12.65% | 8.07% |
| Dec 31, 2021 | 12.69% | -4.66% | 14.27% | 13.61% | 7.70% |
| Dec 31, 2020 | 12.73% | -21.95% | 11.67% | 13.22% | -3.34% |
| Dec 31, 2019 | 12.99% | -2.58% | 16.33% | 14.29% | 11.64% |
| Dec 31, 2018 | 12.43% | 11.85% | 16.00% | 13.64% | 12.86% |
| Dec 31, 2017 | 13.73% | 11.01% | 10.32% | 11.60% | 14.49% |
| Dec 31, 2016 | 13.63% | 6.17% | 1.39% | 11.74% | 14.28% |
| Dec 31, 2015 | 14.00% | 7.74% | 7.38% | 11.78% | 13.00% |
| Dec 31, 2014 | 15.40% | 8.23% | 10.22% | 12.26% | 15.01% |
| Dec 31, 2013 | 15.94% | 7.58% | 10.68% | 9.93% | 14.70% |
| Dec 31, 2012 | 15.50% | 7.72% | 13.59% | 9.40% | 13.32% |
| Dec 31, 2011 | 14.76% | 8.50% | 12.46% | 8.56% | 13.92% |
| Dec 31, 2010 | 14.47% | 7.73% | 9.94% | 8.94% | 13.23% |
| Dec 31, 2009 | 12.51% | 3.07% | 1.95% | 9.88% | 12.33% |
| Dec 31, 2008 | 12.79% | 6.49% | 9.26% | 12.01% | 13.14% |
| Dec 31, 2007 | 11.82% | 8.78% | 11.73% | 10.81% | 13.08% |
| Dec 31, 2006 | 9.69% | 4.90% | 12.66% | 9.98% | 12.94% |
| Dec 31, 2005 | 10.77% | 5.13% | 11.13% | 8.02% | 12.26% |
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).