Stock Analysis on Net
Stock Analysis on Net

Hubbell Inc. (NYSE:HUBB)

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

Analysis of Investments

Microsoft Excel

Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities

Hubbell Inc., adjustment to net income attributable to Hubbell Incorporated

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net income attributable to Hubbell Incorporated (as reported) 545,900 399,500 351,200 400,900 360,200
Add: Unrealized gain (loss) on investments, net of taxes (1,400) (400) 400 2,600 (1,400)
Net income attributable to Hubbell Incorporated (adjusted) 544,500 399,100 351,600 403,500 358,800

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).

Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)

Hubbell Inc., adjusted profitability ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net Profit Margin
Reported net profit margin 11.03% 9.53% 8.39% 8.73% 8.04%
Adjusted net profit margin 11.00% 9.52% 8.40% 8.79% 8.01%
Return on Equity (ROE)
Reported ROE 23.12% 17.92% 16.97% 20.59% 20.23%
Adjusted ROE 23.06% 17.90% 16.99% 20.72% 20.15%
Return on Assets (ROA)
Reported ROA 10.10% 7.56% 6.91% 8.18% 7.39%
Adjusted ROA 10.08% 7.56% 6.91% 8.23% 7.36%

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).

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Hubbell Inc. adjusted net profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Hubbell Inc. adjusted ROE improved from 2020 to 2021 and from 2021 to 2022.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Hubbell Inc. adjusted ROA improved from 2020 to 2021 and from 2021 to 2022.

Hubbell Inc., Profitability Ratios: Reported vs. Adjusted

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net income attributable to Hubbell Incorporated 545,900 399,500 351,200 400,900 360,200
Net sales 4,947,900 4,194,100 4,186,000 4,591,000 4,481,700
Profitability Ratio
Net profit margin1 11.03% 9.53% 8.39% 8.73% 8.04%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income attributable to Hubbell Incorporated 544,500 399,100 351,600 403,500 358,800
Net sales 4,947,900 4,194,100 4,186,000 4,591,000 4,481,700
Profitability Ratio
Adjusted net profit margin2 11.00% 9.52% 8.40% 8.79% 8.01%

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).

2022 Calculations

1 Net profit margin = 100 × Net income attributable to Hubbell Incorporated ÷ Net sales
= 100 × 545,900 ÷ 4,947,900 = 11.03%

2 Adjusted net profit margin = 100 × Adjusted net income attributable to Hubbell Incorporated ÷ Net sales
= 100 × 544,500 ÷ 4,947,900 = 11.00%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Hubbell Inc. adjusted net profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net income attributable to Hubbell Incorporated 545,900 399,500 351,200 400,900 360,200
Total Hubbell Incorporated shareholders’ equity 2,360,900 2,229,800 2,070,000 1,947,100 1,780,600
Profitability Ratio
ROE1 23.12% 17.92% 16.97% 20.59% 20.23%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income attributable to Hubbell Incorporated 544,500 399,100 351,600 403,500 358,800
Total Hubbell Incorporated shareholders’ equity 2,360,900 2,229,800 2,070,000 1,947,100 1,780,600
Profitability Ratio
Adjusted ROE2 23.06% 17.90% 16.99% 20.72% 20.15%

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).

2022 Calculations

1 ROE = 100 × Net income attributable to Hubbell Incorporated ÷ Total Hubbell Incorporated shareholders’ equity
= 100 × 545,900 ÷ 2,360,900 = 23.12%

2 Adjusted ROE = 100 × Adjusted net income attributable to Hubbell Incorporated ÷ Total Hubbell Incorporated shareholders’ equity
= 100 × 544,500 ÷ 2,360,900 = 23.06%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Hubbell Inc. adjusted ROE improved from 2020 to 2021 and from 2021 to 2022.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net income attributable to Hubbell Incorporated 545,900 399,500 351,200 400,900 360,200
Total assets 5,402,600 5,281,500 5,085,100 4,903,000 4,872,100
Profitability Ratio
ROA1 10.10% 7.56% 6.91% 8.18% 7.39%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income attributable to Hubbell Incorporated 544,500 399,100 351,600 403,500 358,800
Total assets 5,402,600 5,281,500 5,085,100 4,903,000 4,872,100
Profitability Ratio
Adjusted ROA2 10.08% 7.56% 6.91% 8.23% 7.36%

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).

2022 Calculations

1 ROA = 100 × Net income attributable to Hubbell Incorporated ÷ Total assets
= 100 × 545,900 ÷ 5,402,600 = 10.10%

2 Adjusted ROA = 100 × Adjusted net income attributable to Hubbell Incorporated ÷ Total assets
= 100 × 544,500 ÷ 5,402,600 = 10.08%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Hubbell Inc. adjusted ROA improved from 2020 to 2021 and from 2021 to 2022.