Return on Assets (ROA)
since 2005
Calculation
Hubbell Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to Hubbell Incorporated1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 10.10% | = | 100 | × | 545,900) | ÷ | 5,402,600) |
| Dec 31, 2021 | 7.56% | = | 100 | × | 399,500) | ÷ | 5,281,500) |
| Dec 31, 2020 | 6.91% | = | 100 | × | 351,200) | ÷ | 5,085,100) |
| Dec 31, 2019 | 8.18% | = | 100 | × | 400,900) | ÷ | 4,903,000) |
| Dec 31, 2018 | 7.39% | = | 100 | × | 360,200) | ÷ | 4,872,100) |
| Dec 31, 2017 | 6.53% | = | 100 | × | 243,100) | ÷ | 3,720,600) |
| Dec 31, 2016 | 8.31% | = | 100 | × | 293,000) | ÷ | 3,525,000) |
| Dec 31, 2015 | 8.64% | = | 100 | × | 277,300) | ÷ | 3,208,700) |
| Dec 31, 2014 | 9.79% | = | 100 | × | 325,300) | ÷ | 3,322,800) |
| Dec 31, 2013 | 10.24% | = | 100 | × | 326,500) | ÷ | 3,187,200) |
| Dec 31, 2012 | 10.17% | = | 100 | × | 299,700) | ÷ | 2,947,000) |
| Dec 31, 2011 | 9.41% | = | 100 | × | 267,900) | ÷ | 2,846,500) |
| Dec 31, 2010 | 8.03% | = | 100 | × | 217,200) | ÷ | 2,705,800) |
| Dec 31, 2009 | 7.31% | = | 100 | × | 180,100) | ÷ | 2,464,500) |
| Dec 31, 2008 | 10.53% | = | 100 | × | 222,700) | ÷ | 2,115,500) |
| Dec 31, 2007 | 11.18% | = | 100 | × | 208,300) | ÷ | 1,863,400) |
| Dec 31, 2006 | 9.03% | = | 100 | × | 158,100) | ÷ | 1,751,500) |
| Dec 31, 2005 | 9.90% | = | 100 | × | 165,100) | ÷ | 1,667,000) |
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
Between 2005 and 2022, a sustained expansion in the asset base and net income is observed, though the efficiency of these assets, as measured by Return on Assets (ROA), has experienced significant volatility. Net income grew from $165.1 million in 2005 to $545.9 million in 2022, while total assets increased from $1.667 billion to $5.403 billion, reflecting a substantial scaling of the balance sheet over the seventeen-year period.
- Net Income Trajectory
- Earnings exhibited a general upward trend characterized by periodic fluctuations. A period of steady growth occurred between 2010 and 2013, followed by a period of instability between 2014 and 2017. However, a sharp acceleration in profitability is evident from 2018 onward, with net income reaching its peak of $545.9 million in 2022.
- Asset Base Expansion
- Total assets increased consistently over the analyzed period. A notable surge occurred between 2017 and 2018, where assets rose from $3.72 billion to $4.87 billion, representing a significant increase in the company's resource base. This growth continued steadily through 2022, ending at $5.403 billion.
- Return on Assets (ROA) Performance
- The ROA displayed a cyclical pattern, starting at 9.90% in 2005 and reaching a peak of 11.18% in 2007. A subsequent downward trend was observed over the following decade, with the ratio reaching a low of 6.53% in 2017, indicating a period where asset growth outpaced earnings growth. Since 2017, a recovery trend has emerged, with ROA improving to 10.10% by 2022, suggesting an increase in operational efficiency and a more effective utilization of the expanded asset base.
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Comparison to Competitors
Hubbell Inc., ROA, 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 | 10.10% | -3.60% | 8.18% | 7.03% | 0.12% | 7.97% | 10.84% | 3.27% |
| Dec 31, 2021 | 7.56% | -3.03% | 7.84% | 6.30% | -3.28% | 8.60% | 12.41% | 2.39% |
| Dec 31, 2020 | 6.91% | -7.80% | 3.83% | 4.43% | 2.25% | 7.40% | 13.47% | -2.17% |
| Dec 31, 2019 | 8.18% | -0.48% | 7.77% | 6.74% | -1.87% | 10.47% | 13.11% | 3.96% |
| Dec 31, 2018 | 7.39% | 8.91% | 7.83% | 6.90% | -7.23% | 11.71% | 11.24% | 3.93% |
| Dec 31, 2017 | 6.53% | 8.88% | 0.98% | 9.15% | -1.53% | 2.79% | 4.30% | 4.70% |
| Dec 31, 2016 | 8.31% | 5.44% | -0.09% | 6.32% | 2.42% | 8.88% | 11.09% | 5.64% |
| Dec 31, 2015 | 8.64% | 5.48% | 2.68% | 6.38% | -1.24% | 9.67% | 7.34% | 8.70% |
| Dec 31, 2014 | 9.79% | 5.49% | 4.36% | 5.35% | 2.35% | 9.33% | 9.75% | 6.81% |
| Dec 31, 2013 | 10.24% | 4.95% | 4.46% | 5.24% | 1.99% | 8.64% | 8.24% | 6.31% |
| Dec 31, 2012 | 10.17% | 4.39% | 6.36% | 3.39% | 1.99% | 6.99% | 7.10% | 5.74% |
| Dec 31, 2011 | 9.41% | 5.02% | 6.05% | 7.55% | 1.97% | 5.19% | 7.00% | 8.10% |
| Dec 31, 2010 | 8.03% | 4.82% | 4.22% | 5.38% | 1.55% | 5.34% | 8.34% | 7.48% |
| Dec 31, 2009 | 7.31% | 2.11% | 1.49% | 2.35% | 1.41% | 5.98% | 8.61% | 6.87% |
| Dec 31, 2008 | 10.53% | 4.97% | 5.25% | 6.35% | 2.18% | 7.87% | 9.62% | 8.30% |
| Dec 31, 2007 | 11.18% | 6.91% | 6.31% | 7.40% | 2.79% | 7.23% | 10.49% | 7.74% |
| Dec 31, 2006 | 9.03% | 4.28% | 6.95% | 8.32% | 2.99% | 6.73% | 8.96% | 7.92% |
| Dec 31, 2005 | 9.90% | 4.28% | 6.06% | 7.88% | 2.43% | 5.12% | 6.58% | 6.68% |
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., ROA, long-term trends, comparison to sector (capital goods)
| Hubbell Inc. | Capital Goods | |
|---|---|---|
| Dec 31, 2022 | 10.10% | 2.84% |
| Dec 31, 2021 | 7.56% | 1.86% |
| Dec 31, 2020 | 6.91% | 0.80% |
| Dec 31, 2019 | 8.18% | 2.72% |
| Dec 31, 2018 | 7.39% | 1.74% |
| Dec 31, 2017 | 6.53% | 1.83% |
| Dec 31, 2016 | 8.31% | 4.09% |
| Dec 31, 2015 | 8.64% | 2.17% |
| Dec 31, 2014 | 9.79% | 3.87% |
| Dec 31, 2013 | 10.24% | 3.45% |
| Dec 31, 2012 | 10.17% | 3.30% |
| Dec 31, 2011 | 9.41% | 3.30% |
| Dec 31, 2010 | 8.03% | 2.70% |
| Dec 31, 2009 | 7.31% | 2.16% |
| Dec 31, 2008 | 10.53% | 3.33% |
| Dec 31, 2007 | 11.18% | 3.89% |
| Dec 31, 2006 | 9.03% | 3.91% |
| Dec 31, 2005 | 9.90% | 3.25% |
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., ROA, long-term trends, comparison to industry (industrials)
| Hubbell Inc. | Industrials | |
|---|---|---|
| Dec 31, 2022 | 10.10% | 3.31% |
| Dec 31, 2021 | 7.56% | 3.40% |
| Dec 31, 2020 | 6.91% | 0.04% |
| Dec 31, 2019 | 8.18% | 2.56% |
| Dec 31, 2018 | 7.39% | 3.16% |
| Dec 31, 2017 | 6.53% | 3.59% |
| Dec 31, 2016 | 8.31% | 4.55% |
| Dec 31, 2015 | 8.64% | 3.52% |
| Dec 31, 2014 | 9.79% | 4.31% |
| Dec 31, 2013 | 10.24% | 3.91% |
| Dec 31, 2012 | 10.17% | 3.38% |
| Dec 31, 2011 | 9.41% | 3.69% |
| Dec 31, 2010 | 8.03% | 3.03% |
| Dec 31, 2009 | 7.31% | 2.24% |
| Dec 31, 2008 | 10.53% | 3.10% |
| Dec 31, 2007 | 11.18% | 3.87% |
| Dec 31, 2006 | 9.03% | 6.41% |
| Dec 31, 2005 | 9.90% | 1.42% |
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).