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Hubbell Inc

HUBB Industrials Electrical Equipment & Parts

Hubbell Inc’s revenue for fiscal 2025 (year ended December 2025) was $5.8 billion, up 3.84% from fiscal 2024.

Revenue
+24.6%
EPS
+4.21%
Free cash flow
+10.5%
Total debt
+156.5%

Quarter to September 2026, against a year earlier

420.53 17.73 −4.05%
Market cap
$22.1B
P/E
24.5×
Fwd P/E
24.4×
Dividend yield
1.35%
F-score
6/9
Altman Z
5.30
Beneish M
−2.46
Dividend safety
96/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Utility Solutions
  • Electrical Solutions

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 18.30
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 5 — — — — — 1 — — —
Insider Ownership 0.49%

Capital & Financial Ratios $m

Size
Market Cap 22,130.00
Revenue ttm 6,593.70
Net income ttm 915.00
Free cash flow ttm 930.60
Net debt Q 4,765.20
Valuation
P/E 24.49
Forward P/E 24.40
Price / sales 3.37
Forward P/S Powerpack
Price / FCF 23.91
Price / book 5.40
Financial health
Current ratio Q 1.53 (at or above 1.5: strong)
Debt / equity Q 1.24
Interest coverage Q 7.05
Growth
Revenue growth Q +24.63% (above 0%: growing)
Operating income growth Q +23.62% (above 0%: growing)
EPS, this year +13.03%
EPS, next year A +11.89%
Revenue, next year A +18.40% (at or above 10%: strong)
EPS, past 5 yrs +20.80% (at or above 15%: strong)
EPS, next 5 yrs A +12.25%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.1×, against a ten-year median of 2.7×; over the ten years it ranged from 1.6× in 2018 to 5.2× in 2026.
P/E against its own 10 years 54.20%
10-year low 10-year high
P/S against its own 10 years 74.88%
10-year low 10-year high
P/B against its own 10 years 65.16%
10-year low 10-year high
EV/Sales against its own 10 years 81.59%
10-year low 10-year high
EV/FCF against its own 10 years 76.35%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.35%
Annual rate
5.68
Payout ratio
33.2%
Growth, 2017–25
+8.17%/yr
  1. 2.87 ’17
  2. 3.15 ’18 +10
  3. 3.43 ’19 +9
  4. 3.71 ’20 +8
  5. 3.99 ’21 +8
  6. 4.27 ’22 +7
  7. 4.58 ’23 +7
  8. 4.98 ’24 +9
  9. 5.38 ’25 +8
  10. 5.83 ’26e +8
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 349 345 498 355
Receivables 785 756 857 1,229
Inventory 833 1,010 1,084 1,327
Other 200 147 155 175
2,167 2,258 2,594 3,086
2023 2024 2025 Q'26
Payables 564 542 571 662
ST’ Debt 117 125 289 614
Other 25 — — —
1,323 1,274 1,509 2,019

Compound Annual Growth %

10y 5y 3y
Sales 5.60% 9.68% 5.71%
Cash Flow 11.74% 11.30% 17.41%
Earnings 12.34% 20.40% 17.59%
Book Value 8.23% 13.09% 17.62%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 5.75 Actual 5.91

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 4.70 4.73 Beat by 0.03
Q1 FY26 3.87 3.93 Beat by 0.06
Q2 FY26 5.31 5.52 Beat by 0.21
Q3 FY26 5.75 5.91 Beat by 0.16
Q4 FY26 5.28 — Reports 2 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.41 4.52 4.98 — —
’25 3.15 4.56 4.77 4.19 16.54
’24 2.73 3.94 4.05 3.64 14.37
’23 3.37 3.82 3.70 3.16 14.05
’22 3.31 2.26 2.57 2.27 9.43
’21 1.42 1.74 1.98 2.14 7.28
’20 1.37 1.62 1.96 1.48 6.43
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,517 1,712 1,873 — —
’25 1,365 1,484 1,502 1,493 5,845
’24 1,399 1,453 1,443 1,334 5,629
’23 1,285 1,366 1,376 1,346 5,373
’22 1,156 1,256 1,316 1,220 4,948
’21 956 1,054 1,083 1,100 4,194
’20 1,090 949 1,109 534 3,683
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 87 250 323 — —
’25 37 261 284 448 1,030
’24 92 240 227 432 991
’23 114 228 194 346 881
’22 (14) 189 220 242 636
’21 53 137 98 226 514
’20 108 195 152 147 603
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 46 213 280 — —
’25 11 221 254 391 877
’24 52 206 189 487 934
’23 80 192 159 284 715
’22 313 168 179 180 840
’21 34 128 73 198 432
’20 91 178 135 116 520
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 11.2% a year for ten years. It grew 13.1% a year over the last ten.

Implied
11.2%
10 years, reported
13.1%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,505 3,669 4,482 3,947 3,683 4,194 4,948 5,373 5,629 5,845 6,594 +5.8% 6,920 7,683 8,178 +11.8%
Gross margin, % 31.53 31.48 29.02 29.69 29.49 27.46 29.74 34.93 33.86 35.32 35.36 +3.8 pt
EBT 430 443 467 469 425 459 657 972 1,007 1,119 1,167 +11.2%
EBT margin, % 12.28 12.08 10.42 11.89 11.53 10.95 13.28 18.09 17.89 19.15 17.70 +6.9 pt
Net income 298 250 366 368 335 371 517 758 785 892 915 +13.0%
Per share, $
Per share, $ Revenue 63.16 66.95 82.08 72.55 67.94 77.24 92.14 100.24 104.81 109.86 124.64 +6.3%
Earnings 5.26 4.42 6.57 7.35 6.46 7.33 9.49 14.14 14.46 16.63 17.17 +13.6%
Cash flow 7.41 6.92 9.47 9.50 11.12 9.46 11.85 16.43 18.46 19.36 20.92 +11.3%
Capex (1.02) (1.12) (1.64) (1.59) (1.53) (1.50) 3.79 (3.09) (1.07) (2.87) (3.33) +12.2%
Free cash flow 6.39 5.80 7.83 7.91 9.60 7.96 15.64 13.34 17.39 16.49 17.59 +11.1%
Book value 28.89 30.07 32.95 36.04 38.48 41.27 44.15 53.90 63.51 72.52 77.84 +10.8%
Shares, m 56 55 55 54 54 54 54 54 54 53 53 (0.5%)
Valuation, ×
Valuation, × P/E 22.37 30.43 15.12 20.11 24.23 28.41 22.42 23.05 28.97 26.51 24.49 24.2
P/S 1.86 2.00 1.21 2.04 2.31 2.70 2.54 3.25 4.00 4.04 3.37 2.6
P/B 4.07 4.46 3.02 4.10 4.08 5.05 5.31 6.05 6.60 6.12 5.40 4.9
EV/Sales 2.02 2.19 1.57 2.39 2.67 2.97 2.74 3.58 4.21 4.36 4.10 2.9
EV/FCF 19.95 25.24 16.41 21.89 18.88 28.84 16.17 26.94 25.40 29.01 29.03 22.9
Cash, $m
Cash, $m Operating cash flow 411 379 517 517 603 514 636 881 991 1,030 1,107 +10.7%
Capex (56) (61) (89) (87) (83) (82) 204 (166) (57) (152) (176) +11.7%
Free cash flow 355 318 428 430 520 432 840 715 934 877 931 +10.6%
Balance, $m
Balance, $m Working capital 962 898 804 729 639 814 933 844 984 1,085 1,067 +1.4%
Net debt 545 666 1,595 1,375 1,322 1,150 988 1,792 1,223 1,828 4,765 +14.4%
Shareholders’ equity 1,603 1,648 1,799 1,961 2,085 2,241 2,371 2,889 3,411 3,858 4,118 +10.2%
Returns, %
Returns, % ROA 8.68 6.69 8.35 8.17 7.01 7.68 10.19 12.17 11.30 11.75 9.34 +3.1 pt
ROIC 14.25 14.01 10.26 9.87 9.07 9.81 13.20 13.72 14.74 13.29 9.38 (1.0) pt
ROE 17.43 14.91 20.83 21.25 17.30 18.41 23.62 28.50 24.68 24.37 23.23 +6.9 pt
People
People Employees 17,400 17,700 19,700 18,800 19,100 18,300 16,300 18,317 17,700 18,000 — +0.4%
Revenue/emp, $m 0.20 0.21 0.23 0.21 0.19 0.23 0.30 0.29 0.32 0.32 — +5.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Hubbell is an electrical-equipment manufacturer founded in 1888 and headquartered in Shelton. Gerben W. Bakker is Chairman, President and Chief Executive Officer. The company makes utility and electrical products used to build, operate, connect, protect and monitor power infrastructure.

Its Utility Solutions business operates in front of the meter and at the grid edge: the parts of the system where utilities generate, transmit, distribute, measure and control electricity. Its products include transmission and distribution components such as arresters, insulators, connectors, anchors, bushings, enclosures, cutouts and switches, plus smart meters, communications systems, and protection and control devices.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Utility Solutions 3,672 62.83%
Electrical Solutions 2,172 37.17%
Gross margin 35.32%
Operating margin 20.68%
Pre-tax margin 19.15%

Revenue by segment since 2009

Hubbell Inc vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VRT Vertiv Holdings Co. $68.1B 32.5× 36.6× +61.18% (above 0%: growing) +90.93% (above 0%: growing) +49.59% (above 0%: growing) 38.11% 22.81% Compare
BE Bloom Energy Corporation $49.5B 96.4× 76.1× +138.10% (above 0%: growing) n/m −2,550.79% (below 0%: shrinking) 33.75% 18.24% Compare
HUBB Hubbell Inc $22.1B 24.5× 24.4× +24.63% (above 0%: growing) +4.21% (above 0%: growing) +10.48% (above 0%: growing) 36.75% 21.83%
NVT nVent Electric PLC $15.9B 23.5× 28.0× +43.73% (above 0%: growing) +66.67% (above 0%: growing) +33.08% (above 0%: growing) 35.84% 18.63% Compare
AYI Acuity, Inc. $9.6B 18.4× 18.4× +2.92% (above 0%: growing) +55.53% (above 0%: growing) +61.06% (above 0%: growing) 53.85% 18.24% Compare
AEIS Advanced Energy Industries, Inc. $7.5B 25.4× 26.9× +50.31% (above 0%: growing) +134.96% (above 0%: growing) −33.07% (below 0%: shrinking) 41.51% 20.56% Compare
FPS Forgent Power Solutions, Inc. $5.5B — — +94.30% (above 0%: growing) — +188.32% (above 0%: growing) 36.11% 19.91% Compare
ENS Enersys $5.1B 14.9× 14.3× +4.77% (above 0%: growing) +115.54% (above 0%: growing) +881.05% (above 0%: growing) 33.49% 16.18% Compare
POWL Powell Industries, Inc. $4.6B 24.1× 29.1× +8.90% (above 0%: growing) +7.25% (above 0%: growing) +121.73% (above 0%: growing) 30.57% 20.55% Compare
Median of peers $8.6B 24.1× 28.0× +47.02% +78.80% +55.33% 35.98% 19.27%

All 55 Electrical Equipment & Parts stocks →

From the latest earnings call

Updated

  • CEO Gerben Bakker said utility orders had built backlog by more than $500 million year to date, particularly in transmission and substation projects.
  • Bakker said a meter component shortage had slowed production, while substation control-house capacity was taking longer to expand; he expected recovery in meters during the fourth quarter.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 94.21%
Held by the ten largest 42.79%
Holder Shares Stake Change
Vanguard 6.67m 12.63% −56.00
BlackRock 4.69m 8.88% +256.86k
State Street 2.39m 4.52% +72.54k
MFS Investment Management 1.55m 2.93% +8.50k
BNY 1.50m 2.83% −561.54k
Geode Capital Management 1.42m 2.68% +10.09k
Deutsche Bank (DWS) 1.17m 2.21% +29.48k
Boston Partners 1.10m 2.09% +63.83k
PARNASSUS INVESTMENTS, LLC 1.07m 2.03% +871.35k
Invesco 1.05m 1.99% −169.30k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 23 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 10.35m 11.64m 307.70
2024 9.32m 23.27m 286.40
2023 9.67m 25.20m 222.14
2022 8.15m 16.34m 155.99
2021 6.09m 12.17m 135.59
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Hubbell Inc (HUBB) Latest News

31 Oct

Impact 3 · · StockStory

30 Oct

Impact 3 · · StockStory

29 Oct

Impact 4 · · utilitydive.com
Impact 3 · · Trefis

27 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Moby transcript
Impact 4 · · MarketBeat
Impact 4 · · Simply Wall St.
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Impact 4 · · GlobeNewswire
Impact 3 · · TIKR
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press earnings

26 Oct

Impact 3 · · StockStory

20 Oct

Impact 4 · · Zacks
Impact 3 · · Insider Monkey

19 Oct

Impact 3 · · Zacks

15 Oct

Impact 3 · · Insider Monkey

13 Oct

Impact 3 · · Trefis

12 Oct

Impact 3 · · StockStory

9 Oct

Impact 3 · · StockStory

8 Oct

Impact 3 · · Trefis

7 Oct

Impact 3 · · Trefis
Impact 3 · · Barchart
Impact 3 · · StockStory

30 Sep

Impact 3 · · StockStory

HUBB metrics, ten years each

stockrow.com/HUBB · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com