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 Profitability Ratios
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

Hubbell Inc., profitability ratios (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Return on Sales
Gross profit margin 34.28% 32.96% 31.45% 29.74% 28.89% 28.23% 27.59% 27.46% 27.77% 28.28% 28.58% 28.89% 29.39% 29.49% 29.58% 29.46% 29.09% 28.96% 28.94% 29.02%
Operating profit margin 18.77% 17.59% 16.05% 14.33% 13.91% 13.35% 12.87% 12.69% 12.53% 12.86% 12.93% 12.73% 12.92% 12.86% 12.94% 12.99% 12.90% 12.77% 12.63% 12.43%
Net profit margin 13.22% 12.19% 10.79% 11.03% 11.58% 11.49% 11.42% 9.53% 8.78% 8.70% 8.73% 8.39% 8.75% 9.11% 8.79% 8.73% 8.36% 8.03% 8.17% 8.04%
Return on Investment
Return on equity (ROE) 25.31% 24.13% 22.15% 23.12% 24.10% 23.40% 22.68% 17.92% 16.73% 17.01% 16.99% 16.97% 18.45% 20.19% 21.08% 20.59% 20.34% 20.15% 20.70% 20.23%
Return on assets (ROA) 12.02% 11.21% 9.99% 10.10% 10.47% 10.08% 9.71% 7.56% 6.92% 6.99% 6.69% 6.91% 7.63% 7.82% 8.14% 8.18% 7.63% 7.35% 7.52% 7.39%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Hubbell Inc. gross profit margin ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Hubbell Inc. operating profit margin ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Hubbell Inc. net profit margin ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Hubbell Inc. ROE improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
ROA A profitability ratio calculated as net income divided by total assets. Hubbell Inc. ROA improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Gross Profit Margin

Hubbell Inc., gross profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Gross profit 487,400 496,200 448,300 366,800 398,500 383,200 323,100 289,900 301,100 298,300 262,200 285,700 329,600 280,500 313,500 326,000 362,000 357,400 307,300 320,600 349,000 347,900 282,900
Net sales 1,375,800 1,365,900 1,285,400 1,219,600 1,316,200 1,256,000 1,156,100 1,100,100 1,083,400 1,054,300 956,300 1,037,900 1,108,600 949,200 1,090,300 1,103,300 1,204,000 1,196,400 1,087,300 1,144,100 1,179,700 1,166,700 991,200
Profitability Ratio
Gross profit margin1 34.28% 32.96% 31.45% 29.74% 28.89% 28.23% 27.59% 27.46% 27.77% 28.28% 28.58% 28.89% 29.39% 29.49% 29.58% 29.46% 29.09% 28.96% 28.94% 29.02%
Benchmarks
Gross Profit Margin, Competitors2
Boeing Co. 9.09% 6.65% 7.20% 5.26% -1.41% 2.74% 3.20% 4.84% -0.25% -1.35% -7.82% -9.78% -1.31% 1.83% 0.47% 5.83%
Caterpillar Inc. 31.71% 30.44% 28.74% 26.91% 26.14% 25.52% 25.71% 26.30% 27.08% 26.83% 25.98% 25.47% 25.52% 26.43% 27.22% 27.83%
Eaton Corp. plc 35.54% 34.51% 33.64% 33.19% 32.83% 32.55% 32.36% 32.28% 32.14% 32.23% 30.80% 30.52% 30.54% 30.99% 32.61% 32.97%
GE Aerospace 23.26% 23.29% 24.24% 24.55% 24.52% 25.22% 24.26% 24.19% 24.97% 22.43% 18.80% 17.26% 15.53% 16.78% 19.21% 19.96%
Honeywell International Inc. 38.03% 37.79% 37.36% 36.99% 35.56% 34.22% 32.95% 31.98% 32.34% 32.06% 31.52% 32.07% 32.23% 32.87% 33.88% 33.70%
Lockheed Martin Corp. 12.54% 12.70% 12.74% 12.56% 12.99% 13.39% 13.36% 13.52% 13.34% 13.00% 13.26% 13.23% 13.33% 13.49% 13.53% 13.99%
RTX Corp. 17.36% 20.43% 20.53% 20.38% 20.49% 20.17% 19.94% 19.40% 17.59% 15.79% 13.98% 15.08% 18.75% 22.86% 25.86% 25.93%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
Gross profit margin = 100 × (Gross profitQ3 2023 + Gross profitQ2 2023 + Gross profitQ1 2023 + Gross profitQ4 2022) ÷ (Net salesQ3 2023 + Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022)
= 100 × (487,400 + 496,200 + 448,300 + 366,800) ÷ (1,375,800 + 1,365,900 + 1,285,400 + 1,219,600) = 34.28%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Hubbell Inc. gross profit margin ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Operating Profit Margin

Hubbell Inc., operating profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Operating income 276,300 287,800 248,800 172,000 203,600 190,600 142,900 134,300 145,900 142,200 109,900 119,800 162,900 131,500 118,800 135,900 172,900 166,900 120,900 136,600 163,800 156,900 99,600
Net sales 1,375,800 1,365,900 1,285,400 1,219,600 1,316,200 1,256,000 1,156,100 1,100,100 1,083,400 1,054,300 956,300 1,037,900 1,108,600 949,200 1,090,300 1,103,300 1,204,000 1,196,400 1,087,300 1,144,100 1,179,700 1,166,700 991,200
Profitability Ratio
Operating profit margin1 18.77% 17.59% 16.05% 14.33% 13.91% 13.35% 12.87% 12.69% 12.53% 12.86% 12.93% 12.73% 12.92% 12.86% 12.94% 12.99% 12.90% 12.77% 12.63% 12.43%
Benchmarks
Operating Profit Margin, Competitors2
Boeing Co. -1.86% -4.62% -3.58% -5.33% -11.99% -6.98% -6.53% -4.66% -10.80% -12.18% -20.36% -21.95% -11.39% -7.90% -8.05% -2.58%
Caterpillar Inc. 18.13% 16.97% 14.94% 13.97% 14.56% 13.81% 13.87% 14.27% 14.56% 13.82% 12.32% 11.67% 12.30% 13.90% 15.62% 16.33%
Eaton Corp. plc 16.28% 15.48% 14.85% 14.55% 13.90% 16.33% 15.97% 15.69% 15.50% 12.54% 10.81% 11.45% 11.39% 11.87% 13.86% 13.38%
GE Aerospace 8.08% 6.92% 7.40% 6.05% 7.05% 8.12% 7.31% 8.58% 7.86% 6.82% 4.72% 5.49% 7.26% 9.19% 12.10% 12.85%
Honeywell International Inc. 20.09% 19.73% 19.05% 18.12% 17.55% 17.31% 17.37% 18.03% 18.36% 17.95% 16.90% 17.45% 17.20% 17.83% 19.01% 18.66%
Lockheed Martin Corp. 12.57% 12.80% 12.78% 12.65% 13.15% 13.47% 13.50% 13.61% 13.50% 13.19% 13.19% 13.22% 13.24% 13.45% 13.72% 14.29%
RTX Corp. 4.79% 8.63% 8.73% 8.07% 7.93% 7.81% 7.75% 7.70% 5.93% 4.61% -3.59% -3.34% -0.30% 2.90% 11.73% 11.64%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
Operating profit margin = 100 × (Operating incomeQ3 2023 + Operating incomeQ2 2023 + Operating incomeQ1 2023 + Operating incomeQ4 2022) ÷ (Net salesQ3 2023 + Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022)
= 100 × (276,300 + 287,800 + 248,800 + 172,000) ÷ (1,375,800 + 1,365,900 + 1,285,400 + 1,219,600) = 18.77%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Hubbell Inc. operating profit margin ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Net Profit Margin

Hubbell Inc., net profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net income attributable to Hubbell Incorporated 200,100 206,800 181,900 104,600 139,100 122,000 180,200 117,600 108,400 95,800 77,700 80,900 107,100 88,200 75,000 101,900 130,700 96,000 72,300 88,000 113,600 100,300 58,300
Net sales 1,375,800 1,365,900 1,285,400 1,219,600 1,316,200 1,256,000 1,156,100 1,100,100 1,083,400 1,054,300 956,300 1,037,900 1,108,600 949,200 1,090,300 1,103,300 1,204,000 1,196,400 1,087,300 1,144,100 1,179,700 1,166,700 991,200
Profitability Ratio
Net profit margin1 13.22% 12.19% 10.79% 11.03% 11.58% 11.49% 11.42% 9.53% 8.78% 8.70% 8.73% 8.39% 8.75% 9.11% 8.79% 8.73% 8.36% 8.03% 8.17% 8.04%
Benchmarks
Net Profit Margin, Competitors2
Boeing Co. -3.74% -6.08% -5.86% -7.41% -13.75% -8.69% -8.00% -6.75% -13.50% -14.30% -20.87% -20.42% -7.34% -4.27% -4.84% -0.83%
Caterpillar Inc. 14.35% 13.53% 12.10% 11.85% 13.70% 13.19% 13.02% 13.47% 11.28% 10.17% 8.53% 7.68% 8.12% 9.50% 11.06% 12.00%
Eaton Corp. plc 13.24% 12.30% 12.00% 11.86% 11.36% 11.70% 11.21% 10.92% 10.60% 9.86% 8.05% 7.90% 7.53% 8.03% 10.19% 10.34%
GE Aerospace 15.08% 13.91% 12.35% 0.31% -8.10% -6.18% -6.70% -9.17% -0.06% -3.39% -4.68% 7.81% 4.92% -5.55% -2.75% -5.69%
Honeywell International Inc. 14.87% 15.08% 14.54% 14.00% 15.38% 14.74% 15.30% 16.11% 15.80% 14.65% 14.17% 14.64% 14.99% 16.94% 17.38% 16.73%
Lockheed Martin Corp. 10.29% 10.48% 8.60% 8.69% 9.07% 7.33% 9.45% 9.42% 9.13% 10.69% 10.53% 10.45% 10.18% 10.25% 10.21% 10.42%
RTX Corp. 4.76% 7.88% 8.08% 7.75% 6.76% 6.84% 6.47% 6.00% 5.20% 3.51% -4.44% -6.22% -4.20% -2.52% 5.87% 7.19%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
Net profit margin = 100 × (Net income attributable to Hubbell IncorporatedQ3 2023 + Net income attributable to Hubbell IncorporatedQ2 2023 + Net income attributable to Hubbell IncorporatedQ1 2023 + Net income attributable to Hubbell IncorporatedQ4 2022) ÷ (Net salesQ3 2023 + Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022)
= 100 × (200,100 + 206,800 + 181,900 + 104,600) ÷ (1,375,800 + 1,365,900 + 1,285,400 + 1,219,600) = 13.22%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Hubbell Inc. net profit margin ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Return on Equity (ROE)

Hubbell Inc., ROE calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net income attributable to Hubbell Incorporated 200,100 206,800 181,900 104,600 139,100 122,000 180,200 117,600 108,400 95,800 77,700 80,900 107,100 88,200 75,000 101,900 130,700 96,000 72,300 88,000 113,600 100,300 58,300
Total Hubbell Incorporated shareholders’ equity 2,739,100 2,620,700 2,472,700 2,360,900 2,318,700 2,256,900 2,213,300 2,229,800 2,168,800 2,125,700 2,082,700 2,070,000 2,016,800 1,959,900 1,914,900 1,947,100 1,903,100 1,835,900 1,808,100 1,780,600 1,754,800 1,684,900 1,662,000
Profitability Ratio
ROE1 25.31% 24.13% 22.15% 23.12% 24.10% 23.40% 22.68% 17.92% 16.73% 17.01% 16.99% 16.97% 18.45% 20.19% 21.08% 20.59% 20.34% 20.15% 20.70% 20.23%
Benchmarks
ROE, Competitors2
Boeing Co.
Caterpillar Inc. 44.48% 45.85% 39.18% 42.25% 47.28% 42.96% 38.07% 39.37% 30.90% 26.09% 20.73% 19.56% 22.18% 30.16% 37.36% 41.77%
Eaton Corp. plc 16.29% 15.10% 14.72% 14.45% 14.26% 14.12% 13.35% 13.06% 12.95% 12.23% 9.54% 9.44% 9.58% 10.87% 14.93% 13.75%
GE Aerospace 35.27% 30.77% 27.72% 0.62% -18.56% -12.75% -12.20% -16.17% -0.11% -7.29% -9.82% 16.04% 11.41% -13.31% -6.71% -17.58%
Honeywell International Inc. 31.42% 31.52% 30.89% 29.74% 30.36% 28.96% 28.58% 29.85% 30.67% 27.73% 25.71% 27.23% 27.56% 32.23% 35.75% 33.22%
Lockheed Martin Corp. 75.11% 76.41% 58.97% 61.86% 49.05% 41.16% 62.10% 57.62% 62.90% 109.51% 110.16% 113.60% 132.02% 171.93% 181.17% 199.23%
RTX Corp. 4.59% 7.67% 7.61% 7.16% 6.36% 6.34% 5.79% 5.29% 4.65% 3.07% -3.74% -4.88% -3.67% -2.42% 10.42% 13.25%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
ROE = 100 × (Net income attributable to Hubbell IncorporatedQ3 2023 + Net income attributable to Hubbell IncorporatedQ2 2023 + Net income attributable to Hubbell IncorporatedQ1 2023 + Net income attributable to Hubbell IncorporatedQ4 2022) ÷ Total Hubbell Incorporated shareholders’ equity
= 100 × (200,100 + 206,800 + 181,900 + 104,600) ÷ 2,739,100 = 25.31%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Hubbell Inc. ROE improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Return on Assets (ROA)

Hubbell Inc., ROA calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net income attributable to Hubbell Incorporated 200,100 206,800 181,900 104,600 139,100 122,000 180,200 117,600 108,400 95,800 77,700 80,900 107,100 88,200 75,000 101,900 130,700 96,000 72,300 88,000 113,600 100,300 58,300
Total assets 5,768,300 5,640,900 5,480,800 5,402,600 5,338,400 5,238,200 5,169,700 5,281,500 5,241,700 5,172,800 5,292,900 5,085,100 4,877,100 5,058,700 4,959,100 4,903,000 5,074,300 5,036,000 4,976,100 4,872,100 4,997,500 4,971,100 4,975,400
Profitability Ratio
ROA1 12.02% 11.21% 9.99% 10.10% 10.47% 10.08% 9.71% 7.56% 6.92% 6.99% 6.69% 6.91% 7.63% 7.82% 8.14% 8.18% 7.63% 7.35% 7.52% 7.39%
Benchmarks
ROA, Competitors2
Boeing Co. -2.11% -3.32% -3.03% -3.60% -6.14% -3.90% -3.60% -3.03% -5.77% -5.92% -7.85% -7.80% -2.77% -1.75% -2.39% -0.48%
Caterpillar Inc. 10.50% 9.79% 8.50% 8.18% 9.11% 8.33% 7.90% 7.84% 6.37% 5.37% 4.26% 3.83% 4.32% 5.41% 6.99% 7.77%
Eaton Corp. plc 8.03% 7.37% 7.23% 7.03% 6.67% 6.58% 6.30% 6.30% 6.06% 5.12% 4.20% 4.43% 4.48% 5.08% 6.90% 6.74%
GE Aerospace 6.45% 5.89% 5.33% 0.12% -3.23% -2.38% -2.48% -3.28% -0.02% -1.03% -1.34% 2.25% 1.49% -1.75% -0.90% -1.87%
Honeywell International Inc. 8.83% 8.75% 8.73% 7.97% 8.92% 8.16% 8.29% 8.60% 8.53% 7.78% 7.28% 7.40% 7.85% 9.19% 10.99% 10.47%
Lockheed Martin Corp. 12.29% 12.39% 10.41% 10.84% 11.28% 9.09% 12.06% 12.41% 11.69% 13.71% 13.52% 13.47% 12.88% 13.00% 12.68% 13.11%
RTX Corp. 1.96% 3.43% 3.43% 3.27% 2.82% 2.81% 2.63% 2.39% 2.09% 1.37% -1.67% -2.17% -1.55% -1.01% 2.94% 3.96%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
ROA = 100 × (Net income attributable to Hubbell IncorporatedQ3 2023 + Net income attributable to Hubbell IncorporatedQ2 2023 + Net income attributable to Hubbell IncorporatedQ1 2023 + Net income attributable to Hubbell IncorporatedQ4 2022) ÷ Total assets
= 100 × (200,100 + 206,800 + 181,900 + 104,600) ÷ 5,768,300 = 12.02%

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Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Hubbell Inc. ROA improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.