FirmAtlas
Company handbook · HUBB · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
HUBB · CIK 48898 · LATEST FILING: 10-Q JUN '26 · FILED JUL 29, 2026
HUBBELL INC
$461.10
−3.61 (−0.78%)
Close, Oct 16, 2026 · 52-week $404–565
Last fiscal year
HUBBELL INC reported revenue of $5.8B for the year ended Dec 31, 2025 (FY25), up 3.8% from FY24. Net income was $887M, operating cash flow $1.0B and free cash flow $875M. Source: 10-K filed Feb 12, 2026.
Market cap
$24.6B
P/E
27.1
EV/EBITDA
18.6x
P/B
6.5
Div yield
1.23%
ROIC
18.7%
Revenue 1Y
3.8%/yr
EPS 1Y
14.9%/yr
Shares 1Y
−0.9%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOGerben W. Bakker
HQShelton, CT
AuditorPricewaterhouseCoopers LLP
Year endsDecember
Revenue by segment · FY25
Power63%
Electrical37%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
16.1%
19.6%
14.9%
7.5%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.6B deployed
Capex
$336M
21.6%
Acquisitions
$952M
61.3%
Buybacks
$265M
17.1%
Operating cash flow over the period: $2.0B. Total debt changed by +$758M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Mar '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
5,628
5,845+3.8%
5,996
YoY
+3.8%
Gross profit
1,906
2,064+8.3%
2,127
Gross margin
33.9%
35.3%+1.5 pp
—
Operating income
1,093
1,209+10.6%
1,242
Operating margin
19.4%
20.7%+1.3 pp
—
EBITDA
1,305
1,415+8.4%
—
EBITDA margin
23.2%
24.2%+1.0 pp
—
Net income
779
887+13.9%
906
YoY
+13.9%
Net margin
13.8%
15.2%+1.3 pp
—
EPS (diluted, $)
14.39
16.54+14.9%
16.95
YoY
+14.9%
Balance sheet
Total assets
6,848
8,229+20.2%
8,418
Cash & short-term investments
345
498+44.3%
—
Accounts receivable
756
857+13.3%
—
Inventory
1,010
1,084+7.3%
—
Net PP&E
727
841+15.8%
—
Other assets
4,010
4,949+23.4%
—
Total liabilities
3,452
4,381+26.9%
4,649
Accounts payable
542
570+5.3%
—
Total debt
1,566
2,323+48.4%
2,571
Other liabilities
1,344
1,487+10.6%
—
Shareholders’ equity
3,396
3,848+13.3%
3,769
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
991
1,030+3.9%
1,079
Net income
785
892+13.7%
—
Depreciation & amortization
212
206−2.8%
—
Stock-based compensation
31
33+7.8%
—
Working capital & other
(36)
(101)n/m
—
Cash from investing
(59)
(1,095)n/m
—
Capex
(180)
(155)n/m
—
Acquisitions
6
(958)−16342.4%
—
Investments bought
(21)
(25)n/m
—
Investments sold / matured
16
17+5.7%
—
Other investing
121
27−77.4%
—
Cash from financing
(923)
204n/m
—
Debt raised
0
1,000n/m
—
Debt repaid
(600)
—
—
Buybacks
(40)
(225)n/m
—
Other financing
(283)
(571)n/m
—
Net change in cash
(8)
153n/m
—
Free cash flow (OCF − capex)
811
875+7.9%
909
Where the cash went
Operating cash flow
991
1,030+3.9%
1,079
Reinvested in the business
174
1,113+538.1%
—
% of operating cash flow
17.6%
108.1%
Capex
180
155−14.0%
170
Acquisitions
(6)
958n/m
—
Free cash flow
811
875+7.9%
909
YoY
+7.9%
Returned to shareholders
40
225+462.5%
—
% of free cash flow
4.9%
25.7%
Buybacks
40
225+462.5%
—
Change in total debt
—
758
—
Cash left over
—
449
—
FCF conversion (FCF ÷ net income)
104.1%
98.6%−5.5 pp
—
Owner earnings
—
793
—
Owner earnings margin
—
13.6%
—
Buyback yield
0.2%
1.0%+0.8 pp
—
Returns & ratios
ROIC (all capital)
18.5%
18.7%+0.3 pp
—
ROIC (operating)
43.7%
46.3%+2.6 pp
—
Net debt / EBITDA
0.94x
1.29x+0.35x
—
Debt / equity
0.46x
0.60x+0.14x
—
Cash conversion cycle (days)
95
103+8 d
—
ROE
22.9%
23.1%+0.1 pp
—
ROA
11.4%
10.8%−0.6 pp
—
ROCE
19.6%
18.0%−1.6 pp
—
NOPAT
852
963+13.1%
—
Invested capital (operating)
1,951
2,211+13.3%
—
Invested capital (all)
4,617
5,673+22.9%
—
Reinvestment rate
—
27.0%
—
Debtor days
49
54+4 d
—
Inventory days
99
105+6 d
—
Days payable
53
55+2 d
—
Income
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
1,484
1,502
1,493
1,517
vs year-ago quarter
Gross profit
552
544
525
505
Gross margin
37.2%
36.2%
35.2%
33.3%
Operating income
336
331
311
264
Net income
244
256
224
182
vs year-ago quarter
Net margin
16.5%
17.0%
15.0%
12.0%
EPS (diluted, $)
4.56
4.77
4.21
3.41
vs year-ago quarter
Balance sheet
Jun '25
Sep '25
Dec '25
Mar '26
Total assets
7,149
7,527
8,229
8,418
Cash & equivalents
383
667
498
502
Total debt
1,845
1,994
2,323
2,571
Shareholders’ equity
3,488
3,681
3,848
3,769
Cash flow
Jun '25
Sep '25
Dec '25
Mar '26
Operating cash flow
261
284
448
87
Capex
40
30
59
41
Free cash flow
221
254
389
46
vs year-ago quarter