Hubbell Incorporated

HUBB · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$23,602	$22,482	$17,638	$12,604	$11,332	$8,531	$8,043	$5,405	$7,364	$6,350	$5,498	–	–	–	–	–	–	–	–	–	–	–	–	$2,093	$1,710	$1,620	$1,774	$2,515	$3,312	$2,914	$2,196	$1,772	$1,611	$1,652	$1,677	$1,249	$1,155	$877	$712	$668	$420
Enterprise value	$25,723	$23,871	$19,592	$13,717	$12,578	$9,971	$9,533	$7,018	$8,043	$6,905	$5,794	–	–	–	–	–	–	–	–	–	–	–	–	$2,337	$1,801	$1,905	$1,976	$2,697	$3,337	$2,898	$2,211	$1,876	$1,661	$1,700	$1,593	$1,154	$1,062	$818	$659	$624	$396
P/E (TTM) at period end	26.65×	28.92×	23.53×	23.15×	28.45×	24.37×	20.13×	15.06×	30.39×	21.74×	19.88×	–	–	–	–	–	–	–	–	–	–	–	–	25.16×	35.40×	11.73×	12.17×	14.84×	25.42×	20.60×	18.02×	16.64×	24.30×	21.29×	18.51×	14.53×	14.54×	12.29×	11.40×	12.26×	8.80×
P/S (TTM) at period end	4.04×	3.99×	3.28×	2.55×	2.70×	2.32×	2.04×	1.21×	2.01×	1.81×	1.62×	–	–	–	–	–	–	–	–	–	–	–	–	1.32×	1.30×	1.14×	1.22×	1.77×	2.40×	2.25×	1.92×	1.75×	1.94×	2.10×	2.22×	1.74×	1.73×	1.43×	1.23×	1.20×	0.81×
P/B at period end	6.13×	6.62×	6.13×	5.34×	5.08×	4.12×	4.13×	3.04×	4.51×	3.99×	3.16×	–	–	–	–	–	–	–	–	–	–	–	–	2.81×	2.32×	2.11×	2.07×	2.99×	3.99×	3.92×	3.29×	2.91×	2.89×	3.05×	3.23×	2.67×	2.70×	2.23×	2.01×	2.06×	1.49×
EV / EBITDA (TTM)	18.18×	18.29×	16.64×	15.99×	18.46×	15.60×	14.34×	9.95×	13.04×	11.89×	10.35×	–	–	–	–	–	–	–	–	–	–	–	–	12.41×	16.44×	9.38×	8.29×	9.84×	12.51×	12.23×	11.00×	10.74×	16.56×	11.75×	11.32×	8.95×	8.73×	–	–	–	–
EV / Sales (TTM)	4.40×	4.24×	3.65×	2.77×	3.00×	2.71×	2.42×	1.57×	2.19×	1.97×	1.71×	–	–	–	–	–	–	–	–	–	–	–	–	1.47×	1.37×	1.34×	1.36×	1.89×	2.42×	2.23×	1.93×	1.85×	2.00×	2.16×	2.11×	1.60×	1.59×	1.33×	1.13×	1.12×	0.76×
Returns
Return on equity	23.0%	22.9%	26.1%	23.1%	17.9%	16.9%	20.5%	20.2%	14.8%	18.3%	15.9%	16.8%	17.1%	18.0%	18.2%	14.8%	13.9%	22.1%	19.2%	15.6%	16.5%	16.4%	13.9%	11.2%	6.6%	18.0%	17.0%	20.2%	15.7%	19.0%	18.3%	17.5%	11.9%	14.3%	17.5%	18.3%	18.6%	18.2%	17.6%	16.8%	17.0%
Return on invested capital	16.1%	17.7%	16.5%	16.0%	12.3%	11.3%	12.3%	12.8%	12.6%	15.7%	15.6%	18.6%	19.9%	19.9%	19.5%	16.3%	13.3%	18.3%	17.7%	14.0%	15.6%	15.1%	12.4%	11.8%	5.6%	10.5%	13.0%	16.2%	18.9%	19.3%	17.6%	14.4%	9.4%	14.4%	19.1%	20.5%	21.3%	19.5%	18.8%	17.7%	17.3%
Dividend yield	1.2%	1.2%	1.4%	1.8%	1.9%	2.4%	2.3%	3.2%	2.1%	2.3%	2.4%	–	–	–	–	–	–	–	–	–	–	–	–	3.7%	4.5%	5.0%	4.6%	3.2%	2.2%	2.2%	2.7%	3.0%	3.1%	2.9%	2.7%	3.2%	2.9%	–	–	–	–
Financial health
Current ratio	1.72×	1.77×	1.64×	1.86×	1.76×	1.67×	1.86×	1.96×	2.27×	2.63×	2.30×	3.26×	3.50×	3.25×	2.75×	2.76×	2.18×	2.16×	1.88×	2.13×	2.27×	2.18×	2.46×	2.34×	1.79×	1.27×	1.61×	1.64×	2.33×	2.31×	2.57×	1.34×	1.57×	1.65×	3.10×	3.37×	3.36×	3.16×	3.23×	3.24×	2.95×
Debt / equity	0.60×	0.46×	0.74×	0.61×	0.65×	0.77×	0.81×	1.01×	0.65×	0.62×	0.37×	0.31×	0.31×	0.36×	0.41×	0.41×	0.38×	0.49×	0.22×	0.22×	0.23×	0.32×	0.36×	0.40×	0.23×	0.47×	0.26×	0.25×	0.12×	0.16×	0.15×	0.23×	0.17×	0.14×	0.02×	0.02×	0.02×	0.02×	0.02×	0.03×	0.01×
Effective tax rate	20.3%	22.1%	22.1%	21.3%	19.2%	19.8%	19.4%	21.6%	43.6%	30.8%	32.6%	32.6%	30.4%	31.6%	30.7%	31.7%	30.7%	29.9%	26.7%	28.6%	23.5%	21.6%	26.0%	14.5%	13.4%	25.0%	26.0%	26.5%	27.7%	29.0%	27.0%	27.0%	18.7%	28.0%	30.0%	31.0%	32.0%	33.0%	37.0%	39.5%	42.0%
Share count
Diluted shares outstanding	54	54	54	54	55	54	55	55	55	56	58	59	60	60	60	60	57	56	60	61	62	62	60	60	59	61	66	68	69	67	67	70	63	62	65	65	62	63	57	56	43

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$6,224	$5,845	$5,628	$5,373	$4,948	$4,194	$3,682	$3,947	$4,482	$3,669	$3,505	$3,390	$3,359	$3,184	$3,044	$2,872	$2,541	$2,356	$2,704	$2,534	$2,414	$2,105	$1,993	$1,771	$1,588	$1,312	$1,424	$1,452	$1,425	$1,379	$1,297	$1,143	$1,014	$832	$786	$756	$720	$669	$614	$581	$559	$521
Cost of revenue	($4,036)	($3,780)	($3,723)	($3,496)	($3,476)	($3,043)	($2,597)	($2,775)	($3,181)	($2,514)	($2,400)	($2,299)	($2,250)	($2,113)	($2,032)	($1,948)	($1,712)	($1,630)	($1,901)	($1,798)	($1,758)	($1,510)	($1,431)	($1,289)	($1,179)	($998)	($1,000)	($990)	($938)	($905)	($866)	($767)	($675)	($539)	($502)	($486)	($470)	($434)	($393)	($371)	($363)	($338)
Gross profit	$2,188	$2,064	$1,906	$1,877	$1,472	$1,152	$1,086	$1,172	$1,300	$1,155	$1,105	$1,092	$1,109	$1,070	$1,012	$924	$829	$726	$803	$736	$657	$595	$562	$482	$409	$314	$424	$462	$486	$474	$432	$376	$339	$293	$285	$270	$250	$235	$222	$210	$196	$183
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($933)	($855)	($812)	($850)	($762)	($619)	($591)	($645)	($744)	($636)	($615)	($617)	($592)	($563)	($540)	($500)	($461)	($431)	($457)	($436)	($416)	($358)	($334)	($304)	($265)	($222)	($221)	($223)	($212)	($207)	($195)	($175)	($164)	($193)	($140)	($129)	($121)	($113)	($109)	($106)	($100)	($94)
Total operating expenses	($933)	($855)	($812)	($850)	($762)	($619)	($591)	($645)	($744)	($636)	($615)	($617)	($592)	($563)	($540)	($500)	($461)	($431)	($457)	($436)	($423)	($368)	($349)	($310)	($271)	($258)	($276)	($276)	($260)	($250)	($234)	($211)	($198)	($223)	($167)	($151)	($139)	($130)	($124)	($120)	($114)	($106)
Total costs and expenses	($4,969)	($4,636)	($4,535)	($4,346)	($4,239)	($3,662)	($3,188)	($3,420)	($3,925)	($3,150)	($3,015)	($2,916)	($2,842)	($2,676)	($2,573)	($2,448)	($2,173)	($2,061)	($2,358)	($2,234)	($2,180)	($1,878)	($1,780)	($1,599)	($1,449)	($1,256)	($1,276)	($1,266)	($1,198)	($1,155)	($1,100)	($978)	($873)	($762)	($668)	($638)	($608)	($564)	($517)	($491)	($477)	($444)
Operating income	$1,254	$1,209	$1,093	$1,027	$709	$532	$494	$527	$557	$519	$490	$475	$517	$508	$472	$424	$368	$295	$346	$299	$234	$227	$213	$172	$138	$56	$148	$186	$226	$224	$198	$165	$141	$70	$118	$118	$111	$105	$97	$90	$82	$77
Earnings
EBITDA	$1,493	$1,415	$1,305	$1,177	$858	$681	$639	$665	$705	$617	$581	$560	$597	$578	$539	$492	$440	$365	$409	$360	$289	$277	$262	$224	$188	$110	$203	$238	$274	$267	$237	$201	$175	$100	$145	$141	$129	$122	–	–	–	–
Interest income	–	($64)	($74)	($37)	–	–	–	$2	$0	$1	$0	$0	$1	$1	$2	$1	$0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($33)	($64)	($74)	($37)	($50)	($55)	($60)	($69)	($72)	($45)	($43)	($31)	($31)	($31)	($31)	($31)	($31)	($31)	($27)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,133	$1,119	$1,007	$972	$657	$459	$454	$520	$467	$443	$430	$419	$486	$474	$442	$390	$320	$262	$318	$284	$222	$216	$197	$156	$127	$56	$184	$197	$230	$180	$199	$167	$146	$82	$131	$129	$125	$117	$106	$99	$90	$82
Income tax expense	($226)	($227)	($222)	($215)	($140)	($88)	($90)	($101)	($101)	($193)	($133)	($136)	($158)	($144)	($140)	($120)	($102)	($80)	($95)	($76)	($63)	($51)	($43)	($40)	($18)	($8)	($46)	($51)	($61)	($50)	($58)	($45)	($39)	($15)	($37)	($39)	($39)	($37)	($35)	($37)	($36)	($35)
Net income	$902	$887	$779	$751	$546	$400	$351	$401	$360	$243	$293	$277	$325	$326	$300	$268	$217	$180	$223	$208	$158	$165	$155	$115	$83	$48	$138	$146	$169	$130	$142	$122	$106	$66	$78	$91	$86	$79	$71	$62	$54	$48
Per share
Diluted EPS (GAAP)	$16.89	$16.54	$14.39	$13.89	$10.07	$7.28	$6.43	$7.31	$6.54	$4.39	$5.24	$4.77	$5.48	$5.47	$5.00	$4.42	$3.59	$3.15	$3.93	$3.50	$2.59	$2.67	$2.51	$1.91	$1.38	$0.82	$2.25	$2.21	$2.50	$1.89	$2.10	$1.83	$1.52	$0.48	$0.59	$0.62	$0.59	$0.52	$0.44	$0.38	$0.33	$1.11
Basic EPS (GAAP)	$16.97	$16.63	$14.49	$13.98	$10.13	$7.33	$6.46	$7.35	$6.57	$4.42	$5.26	$4.79	$5.51	$5.51	$5.05	$4.47	$3.61	$3.16	$3.96	$3.54	$2.62	$2.71	$2.55	$1.91	$1.40	$0.83	$2.26	$2.24	$2.56	$1.94	$2.10	$1.83	$1.52	$0.48	$0.59	$0.62	$0.59	$0.52	$0.44	$0.39	$0.34	$0.31
Basic shares outstanding	53	53	54	54	54	54	54	54	55	55	56	58	59	59	59	60	60	57	56	59	60	61	61	60	60	58	61	65	66	67	67	67	70	63	62	65	65	62	63	57	56	43
Margins
Gross margin	35.2%	35.3%	33.9%	34.9%	29.7%	27.5%	29.5%	29.7%	29.0%	31.5%	31.5%	32.2%	33.0%	33.6%	33.2%	32.2%	32.6%	30.8%	29.7%	29.0%	27.2%	28.3%	28.2%	27.2%	25.8%	23.9%	29.8%	31.8%	34.1%	34.3%	33.3%	32.9%	33.4%	35.2%	36.2%	35.7%	34.7%	35.1%	36.1%	36.1%	35.1%	35.2%
Operating margin	20.2%	20.7%	19.4%	19.1%	14.3%	12.7%	13.4%	13.3%	12.4%	14.1%	14.0%	14.0%	15.4%	15.9%	15.5%	14.8%	14.5%	12.5%	12.8%	11.8%	9.7%	10.8%	10.7%	9.7%	8.7%	4.3%	10.4%	12.8%	15.9%	16.2%	15.2%	14.4%	13.9%	8.4%	15.0%	15.7%	15.5%	15.7%	15.8%	15.4%	14.7%	14.8%
Net margin	14.5%	15.2%	13.8%	14.0%	11.0%	9.5%	9.5%	10.2%	8.0%	6.6%	8.4%	8.2%	9.7%	10.3%	9.8%	9.3%	8.5%	7.6%	8.2%	8.2%	6.5%	7.8%	7.8%	6.5%	5.2%	3.7%	9.7%	10.0%	11.9%	9.5%	10.9%	10.7%	10.5%	8.0%	9.9%	12.0%	12.0%	11.9%	11.6%	10.8%	9.8%	9.2%

Analyst consensus

Hold17 analysts

Bearish · 1 · Hold · 9 · Bullish · 7

Earnings history

	EPS	Estimate
Q3 2024	$4.49	$4.45	Beat
Q4 2024	$4.10	$4.02	Beat
Q1 2025	$3.50	$3.70	Miss
Q2 2025	$4.93	$4.36	Beat
Q3 2025	$5.17	$4.98	Beat
Q4 2025	$4.73	$4.71	Beat
Q1 2026	$3.93	$3.87	Beat
Q2 2026	$5.52	$5.39	Beat

Peers

Company overview

IPO dateJun 5, 1972

CEOGerben Wilhelm Marinus Bakker

Employees19,400

SectorIndustrials

IndustryElectrical Equipment & Parts

CountryUS

ExchangeNew York Stock Exchange

Websitewww.hubbell.com

Hubbell, Inc. engages in the designing, manufacturing, and sale of electrical and electronic products for non-residential and residential construction, industrial, and utility applications. It operates through the Electrical Solutions and Utility Solutions segments. The Electrical Solutions segment manufactures and sells wiring and electrical, lighting fixtures, and controls for indoor and outdoor applications as well as specialty lighting and communications products. The Utility Solutions segment is involved in the design, manufacture, and sale of electrical distribution, transmission, substation, and telecommunications products. The company was founded by Harvey Hubbell II in 1888 and is headquartered in Shelton, CT.

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