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Hubbell Incorporated (HUBB) stock

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NYSE: HUBB NYSE Industrial Machinery & Supplies & Components Next results ~February 2, 2027

B Fundamentals grade

Hubbell Incorporated is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$400

Cash-flow model

Base case. Range ~$280–$550 across our lower- and higher-growth cases (6.9%–16.9% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 13% above our base value.

Price used: $447.02, November 3, 2026

Hubbell Incorporated valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Hubbell files

10-Q filed October 28: Hubbell Incorporated

Rating: Sell to Hold Model value +31.6%

Revenue for the twelve months to September 2026 was $6.59bn, up 16.0% on a year earlier, faster than the 10.6% growth a quarter earlier. Free-cash-flow margin held at 14.1%. Its fundamentals grade moves from C+ to B. Our model value rises from $301 to $396 a share, against a share price of $432. The rating changes from Sell to Hold. At that price, our model says the market is pricing in about 13.3% a year of cash-flow growth for five years, faster than the 9.5% a year revenue growth it has delivered.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 29: Hubbell Incorporated

Revenue for the twelve months to June 2026 reached $6.59bn, a gain of 16.0% on the year before and an acceleration from the 10.6% growth recorded a quarter earlier. Free cash flow held steady at a 14.1% margin. On the back of this, our model value edges up from $297 to $301 a share. That compares with a share price of $434, and the rating stays Sell. To justify today's price, the market is effectively pricing in about 15.0% annual cash flow growth over the next five years. Hubbell has delivered revenue growth of 9.5% a year, well short of that implied pace.

10-Q on SEC EDGAR

Where Hubbell Incorporated stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $6.22bn, up 10.6% on a year earlier, faster than 7.2% a quarter earlier. That growth ranks 1 of 14 among the industrial machinery & supplies & components companies we cover. Free-cash-flow margin held at 14.5%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 6 financial-health checks. Our cash-flow model value is $286 a share, against a share price of $461. At that price, our model says the market is pricing in about 15.4% a year of cash-flow growth for five years, faster than the 8.2% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 2, 2027 (estimated)

Hubbell Incorporated's trailing-twelve-month revenue grew 16.0% year on year, with a free-cash-flow margin of 14.1%. Where it stands out: operating margin of 20.2% ranks 12 of 75 industrial machinery & supplies & components companies we cover. Where it lags: long-term debt as % of assets of 37.9% ranks 53 of 59 industrial machinery & supplies & components companies we cover.

Our discounted-cash-flow model values the business at ~$400 per share in the base case (~$280–$550 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 16.0% (+5.3pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 16.0% over the last 12 months, against a median of 8.3% for industrial machinery & supplies & components companies we cover.
  • Growth speeding up. The growth rate is 5.3 points higher than a quarter earlier.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 37.9% ranks 53 of 59 industrial machinery & supplies & components companies we cover (median 23.4%).

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$5.91 against an average estimate of $5.75: beat by 2.7%
Revenue
$1.87bn, up 24.6% on a year earlier
Share reaction
-4.8% in the first session after the results on October 27, 2026, against +0.9% for the S&P 500
Guidance given
total sales growth growth 18% to 19% (full year 2026); organic sales growth growth 10% to 11% (full year 2026)
Next report
October 27, 2026; average EPS estimate $5.25

Hubbell's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.1%
  • 1 week+2.9%
  • 1 month-6.0%
  • This year-1.5%
  • 1 year-3.2%
  • 5 years+136.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6.6B
Operating margin
20.2%
Net margin
13.8%
EPS (TTM, diluted)
$17.08

Growth

Revenue growth
+16.0%
Change in growth rate
+5.3 pts
Share count change
−0.8%

Cash

Free cash flow (TTM)
$928M
FCF margin
14.1%
Stock pay % of revenue
0.5%

Earnings

Last results
October 27, 2026
Next results (est.)
February 2, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Our research
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hubbell Incorporated valuation models and calculator

What the price is pricing in

The share price implies about 13.8% a year of cash-flow growth for five years.That is close to the 9.5% a year revenue growth Hubbell has delivered.

  • Priced in13.8%
  • Last 12 months16.0%
  • 3 years a year7.9%
  • 5 years a year9.5%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($447.02, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$400
Price used
$447.02close November 3, 2026
Implied change
▼ 11%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Hubbell Incorporated's free cash flow after stock-based pay with after-tax interest added back ($887M, FY2026 Q3 TTM), growing 13.1% and 11.5% in the next two years (forecasts, guidance and its record), then back to 11.9% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$280–~$550 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Hubbell Incorporated's free cash flow after stock-based pay ( $887M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Hubbell Incorporated as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.12 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$400 ~$280–$550 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$400 ~$360–$530 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$260 ~$200–$350 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$240 ~$210–$290 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$340 ~$240–$400 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hubbell Incorporated with Industrial Machinery & Supplies & Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −28%
  • Revenue growth 5 points higher ▲ +36%
  • Free-cash-flow margin 1 point lower ▼ −8%
  • Last year's free-cash-flow margin change, if it persists ▼ −7%
  • Discount rate 1 point higher ▼ −18%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $149$235$350$500$696$950
8.5% $93$155$237$345$485$665
10% $59$107$170$253$359$496

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$81.01$95.89$113.95$85.91$131.34$143.01$193.92$223.17$317.80$409.77$440.22$433.74
Market value$4.7bn$5.3bn$6.3bn$4.7bn$7.2bn$7.8bn$10.6bn$12.1bn$17.2bn$22.1bn$23.6bn$23.1bn
+ Net debt (− = net cash)$301m$556m$680m$1.6bn$1.4bn$1.3bn$1.2bn$1.0bn$1.8bn$1.2bn$1.8bn$4.8bn
Enterprise value$5.0bn$5.9bn$7.0bn$6.3bn$8.6bn$9.1bn$11.8bn$13.1bn$19.0bn$23.4bn$25.4bn$27.9bn
Multiples
Price / sales 1.4x1.5x1.7x1.1x1.8x2.1x2.5x2.4x3.2x3.9x4.0x3.5x
Price / earnings 16.9x18.2x25.8x13.1x17.9x22.2x26.6x22.1x22.8x28.4x26.5x25.4x
Price / free cash flow 17.9x15.5x21.0x11.2x14.2x13.8x25.0x23.8x24.0x27.3x26.9x24.9x
EV / EBITDA 8.9x10.2x11.3x9.0x12.9x14.3x17.3x15.2x16.1x17.9x17.9x17.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

74 /100

Strong moat

How hard Hubbell's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 16 / 20

    Cash operating profit has been a median 12.6% of total assets over 10 years.

  • Pricing power 11 / 20

    Gross margin has been a median 30.5%, moving by 2.7 percentage points (standard deviation) across 10 years.

  • Durability 14 / 20

    Operating margin has been a median 14.1%; its worst year was 11.9%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 10 of 10 years, at a median 11.1% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 2.7% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $20.57 +13% $6.9bn +18%
Next $23.08 +12% $7.7bn +11%

Next year's EPS estimate has moved +0.9% in 90 days, across 15 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.7% on 90 days ago. In the last 30 days, 4 analysts raised Hubbell Incorporated's forecast and 1 cut it.

Consensus EPS forecast Hubbell Incorporated, last 90 days
$20.00 $21.00 $22.00 $23.00 $24.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $20.44 Current fiscal year, 60 days ago: $20.46 Current fiscal year, 30 days ago: $20.47 Current fiscal year, 7 days ago: $20.51 Current fiscal year, Now: $20.57 $20.57 Next fiscal year, 90 days ago: $22.88 Next fiscal year, 60 days ago: $22.88 Next fiscal year, 30 days ago: $22.92 Next fiscal year, 7 days ago: $23.05 Next fiscal year, Now: $23.08 $23.08

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $20.44$22.88
60 days ago $20.46$22.88
30 days ago $20.47$22.92
7 days ago $20.51$23.05
Now $20.57$23.08

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $5.75 $5.91 +2.7%
Jun 2026 $5.39 $5.52 +2.4%
Mar 2026 $3.86 $3.93 +1.7%
Dec 2025 $4.72 $4.73 +0.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 27, 2026
  • total sales growth full year 2026 18% growth to 19% growth Raised vs 16 to 18
    “For the full year 2026, Hubbell anticipates total sales growth of 18-19%, including organic sales growth of 10-11%.” source
  • organic sales growth full year 2026 10% growth to 11% growth Non-GAAP Raised vs 9 to 11
    “For the full year 2026, Hubbell anticipates total sales growth of 18-19%, including organic sales growth of 10-11%.” source
  • GAAP diluted earnings per share full year 2026 $17.30 to $17.50 GAAP Raised
    “Hubbell expects 2026 GAAP diluted earnings per share in the range of $17.30 to $17.50 and adjusted diluted earnings per share ("Adjusted EPS") in the range of $20.40 to $20.60.” source
  • Adjusted diluted earnings per share full year 2026 $20.40 to $20.60 Non-GAAP Raised
    “Hubbell expects 2026 GAAP diluted earnings per share in the range of $17.30 to $17.50 and adjusted diluted earnings per share ("Adjusted EPS") in the range of $20.40 to $20.60.” source
  • Expected amortization of acquisition-related intangible assets per share full year 2026 about $2.50 Non-GAAP
    “For the full year, Adjusted EPS excludes amortization of acquisition-related intangible assets, which the Company expects to be approximately $2.50 per share, and transaction, integration, and separation costs, which the Company expects to be approximately $0.60 per share.” source
  • Expected transaction, integration, and separation costs per share full year 2026 about $0.60 Non-GAAP
    “For the full year, Adjusted EPS excludes amortization of acquisition-related intangible assets, which the Company expects to be approximately $2.50 per share, and transaction, integration, and separation costs, which the Company expects to be approximately $0.60 per share.” source
Show 3 more items
  • adjusted tax rate full year 2026 22% to 22.5% Non-GAAP Maintained vs 22 to 22.5
    “The diluted earnings per share and Adjusted EPS ranges are based on an adjusted tax rate of 22.0% to 22.5% and include approximately $20 million of anticipated restructuring and related investment.” source
  • Anticipated restructuring and related investment full year 2026 about $20m Maintained vs about 20m
    “The diluted earnings per share and Adjusted EPS ranges are based on an adjusted tax rate of 22.0% to 22.5% and include approximately $20 million of anticipated restructuring and related investment.” source
  • free cash flow conversion on adjusted net income full year 2026 about 90% Non-GAAP Maintained vs about 90
    “The Company expects full year 2026 free cash flow conversion of approximately 90% on adjusted net income.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Hubbell Incorporated's revenue by +13.1% next year and +11.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+13.3%, weight 47%) , management guidance (+13.5%, weight 32%) and the company's own record (+11.9%, weight 21%) . How the weights are set.

Analyst recommendations

15 analysts, Oct 2026
Buy853%
Hold747%
Sell00%

Monthly trend

  1. Oct 20267715
  2. Sep 20267714
  3. Aug 20267613
  4. Jul 20266612

Counts of recommendations published by analysts covering Hubbell Incorporated, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.8%
of tradable shares
Days to cover
5.39
at average volume
Short interest, 1 month
−6%
to October 15, 2026
Held by institutions
99%
of shares
Held by insiders
0.3%
of shares
Employees
18,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −6.6%

$464.33 on October 31, 2025 to $433.74

ThenNowEffect
Revenue (last 12 months) $5.6bn $6.2bn +10.6%
Net margin 14.8% 14.5% −2.0%
P/E multiple 30.0x 25.6x −14.7%
Share count 54m 53m +1.0%

Biggest factor: p/e multiple.

Last 3 years +59.9%

$271.18 on November 3, 2023 to $433.74

ThenNowEffect
Revenue (last 12 months) $5.2bn $6.2bn +20.0%
Net margin 12.2% 14.5% +18.9%
P/E multiple 23.2x 25.6x +10.6%
Share count 54m 53m +1.4%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HUBB+36%+15%+42%+29%+7%−2%
Industry peers (median)+19%−15%+19%+2%+13%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HUBB58%50%58%67%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HUBB−14%−17%−20%−16%−31%−24%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 42% from February 11, 2020 to March 23, 2020. Getting back needed a 71% gain, reached on September 2, 2020, 163 days after the low.

Price behaviour

52-week range
$402.45 – $554.46
From 52-week high
−21.8%
vs 50-day average
−5.4%
vs 200-day average
−10.7%
Volatility (1 year)
32%
Beta vs S&P 500
1.20

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±4.6%
After a week
4 up, 7 down
typical move ±3.5%
After a month
5 up, 6 down
typical move ±6.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 27, 2026 −4.8% +0.9% — —
July 28, 2026 −7.4% −1.3% +0.9% −5.1%
April 30, 2026 −6.9% +1.3% −9.7% −14.9%
February 3, 2026 −1.7% −1.3% +1.5% −3.6%
October 28, 2025 +8.9% +0.3% +5.9% −1.3%
July 29, 2025 −0.2% −0.4% −2.4% +1.8%
May 1, 2025 −2.0% +2.2% −2.4% +5.4%
February 4, 2025 −2.1% +1.1% −2.9% −15.0%
October 29, 2024 −4.0% −0.1% −2.2% +2.0%
July 30, 2024 +7.8% +1.1% −1.6% +6.0%
April 30, 2024 −8.3% −1.9% −3.5% −4.1%
January 30, 2024 +0.9% −1.7% +5.3% +14.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Hubbell Incorporated’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Hubbell Incorporated in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Hubbell Incorporated
$5B $5.5B $6B $6.5B $7B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $5.4B Revenue (TTM), FY24 Q1: $5.5B Revenue (TTM), FY24 Q2: $5.6B Revenue (TTM), FY24 Q3: $5.6B Revenue (TTM), FY24 Q4: $5.6B Revenue (TTM), FY25 Q1: $5.6B Revenue (TTM), FY25 Q2: $5.6B Revenue (TTM), FY25 Q3: $5.7B Revenue (TTM), FY25 Q4: $5.8B Revenue (TTM), FY26 Q1: $6B Revenue (TTM), FY26 Q2: $6.2B Revenue (TTM), FY26 Q3: $6.6B $6.6B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $5.4B
FY24 Q1 $5.5B
FY24 Q2 $5.6B
FY24 Q3 $5.6B
FY24 Q4 $5.6B
FY25 Q1 $5.6B
FY25 Q2 $5.6B
FY25 Q3 $5.7B
FY25 Q4 $5.8B
FY26 Q1 $6B
FY26 Q2 $6.2B
FY26 Q3 $6.6B
Revenue growth, TTM YoY Hubbell Incorporated
0% 5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 8.6% Revenue growth, TTM YoY, FY24 Q1: 8.1% Revenue growth, TTM YoY, FY24 Q2: 7.4% Revenue growth, TTM YoY, FY24 Q3: 7.5% Revenue growth, TTM YoY, FY24 Q4: 4.8% Revenue growth, TTM YoY, FY25 Q1: 2.0% Revenue growth, TTM YoY, FY25 Q2: 1.0% Revenue growth, TTM YoY, FY25 Q3: 0.8% Revenue growth, TTM YoY, FY25 Q4: 3.8% Revenue growth, TTM YoY, FY26 Q1: 7.2% Revenue growth, TTM YoY, FY26 Q2: 10.6% Revenue growth, TTM YoY, FY26 Q3: 16.0% 16.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 8.6%
FY24 Q1 8.1%
FY24 Q2 7.4%
FY24 Q3 7.5%
FY24 Q4 4.8%
FY25 Q1 2.0%
FY25 Q2 1.0%
FY25 Q3 0.8%
FY25 Q4 3.8%
FY26 Q1 7.2%
FY26 Q2 10.6%
FY26 Q3 16.0%
Operating margin (TTM) Hubbell Incorporated
18% 19% 20% 21% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 19.1% Operating margin (TTM), FY24 Q1: 18.4% Operating margin (TTM), FY24 Q2: 18.4% Operating margin (TTM), FY24 Q3: 18.8% Operating margin (TTM), FY24 Q4: 19.7% Operating margin (TTM), FY25 Q1: 19.8% Operating margin (TTM), FY25 Q2: 20.2% Operating margin (TTM), FY25 Q3: 20.3% Operating margin (TTM), FY25 Q4: 20.7% Operating margin (TTM), FY26 Q1: 20.7% Operating margin (TTM), FY26 Q2: 20.2% Operating margin (TTM), FY26 Q3: 20.2% 20.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 19.1%
FY24 Q1 18.4%
FY24 Q2 18.4%
FY24 Q3 18.8%
FY24 Q4 19.7%
FY25 Q1 19.8%
FY25 Q2 20.2%
FY25 Q3 20.3%
FY25 Q4 20.7%
FY26 Q1 20.7%
FY26 Q2 20.2%
FY26 Q3 20.2%
FCF margin (TTM) Hubbell Incorporated
12% 13% 14% 15% 16% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 13.3% FCF margin (TTM), FY24 Q1: 12.5% FCF margin (TTM), FY24 Q2: 12.6% FCF margin (TTM), FY24 Q3: 12.9% FCF margin (TTM), FY24 Q4: 14.4% FCF margin (TTM), FY25 Q1: 13.8% FCF margin (TTM), FY25 Q2: 14.0% FCF margin (TTM), FY25 Q3: 15.0% FCF margin (TTM), FY25 Q4: 15.0% FCF margin (TTM), FY26 Q1: 15.2% FCF margin (TTM), FY26 Q2: 14.5% FCF margin (TTM), FY26 Q3: 14.1% 14.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 13.3%
FY24 Q1 12.5%
FY24 Q2 12.6%
FY24 Q3 12.9%
FY24 Q4 14.4%
FY25 Q1 13.8%
FY25 Q2 14.0%
FY25 Q3 15.0%
FY25 Q4 15.0%
FY26 Q1 15.2%
FY26 Q2 14.5%
FY26 Q3 14.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Hubbell took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $5.8B
  2. Cost of revenue $3.8B · 64.7%
  3. Gross profit $2.1B · 35.3%
  4. Selling, general and admin $855M · 14.6%
  5. Operating income $1.2B · 20.7%
  6. Income tax $227M · 3.9%
  7. Interest and other $94.5M · 1.6%
  8. Net income $887M · 15.2%

Shares of revenue. Source: Hubbell's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 2,356 2,541 2,872 3,044 3,184 3,359 3,390 3,505 3,669 4,482 3,947 3,683 4,194 4,948 5,373 5,629 5,845 6,594
Gross profit 726 829 924 1,012 1,071 1,109 1,092 1,105 1,155 1,300 1,172 1,086 1,152 1,472 1,877 1,906 2,064 2,332
EBITDA 365 440 492 539 578 597 560 581 617 705 665 639 681 858 1,177 1,305 1,415 1,614
Operating income 295 368 424 472 508 517 475 490 519 557 527 495 532 709 1,027 1,093 1,209 1,333
Net income 180 217 268 300 327 325 277 293 243 360 401 351 400 546 751 779 887 909
Diluted EPS $3.15 $3.59 $4.42 $5.00 $5.47 $5.48 $4.77 $5.24 $4.39 $6.54 $7.31 $6.43 $7.28 $10.07 $13.89 $14.39 $16.54 $17.08
Growth (year on year)
Revenue −12.9% +7.9% +13.0% +6.0% +4.6% +5.5% +0.9% +3.4% +4.7% +22.2% −11.9% −6.7% +13.9% +18.0% +8.6% +4.8% +3.8% +16.0%
EBITDA −10.7% +20.5% +11.7% +9.5% +7.4% +3.2% −6.2% +3.7% +6.3% +14.3% −5.8% −3.9% +6.6% +25.9% +37.3% +10.9% +8.4% +19.1%
Operating income −14.8% +24.8% +15.2% +11.3% +7.6% +1.9% −8.3% +3.2% +5.9% +7.3% −5.4% −6.1% +7.6% +33.2% +44.9% +6.4% +10.6% +15.2%
Net income −19.1% +20.6% +23.3% +11.9% +8.9% −0.4% −14.8% +5.7% −17.0% +48.2% +11.3% −12.4% +13.8% +36.6% +37.6% +3.7% +13.9% +5.6%
Diluted EPS −19.8% +14.0% +23.1% +13.1% +9.4% +0.2% −13.0% +9.9% −16.2% +49.0% +11.8% −12.0% +13.2% +38.3% +37.9% +3.6% +14.9% +6.4%
Margins
Gross margin 30.8% 32.6% 32.2% 33.2% 33.6% 33.0% 32.2% 31.5% 31.5% 29.0% 29.7% 29.5% 27.5% 29.7% 34.9% 33.9% 35.3% 35.4%
EBITDA margin 15.5% 17.3% 17.1% 17.7% 18.2% 17.8% 16.5% 16.6% 16.8% 15.7% 16.8% 17.4% 16.2% 17.3% 21.9% 23.2% 24.2% 24.5%
Operating margin 12.5% 14.5% 14.8% 15.5% 15.9% 15.4% 14.0% 14.0% 14.1% 12.4% 13.3% 13.4% 12.7% 14.3% 19.1% 19.4% 20.7% 20.2%
Net margin 7.6% 8.5% 9.3% 9.8% 10.3% 9.7% 8.2% 8.4% 6.6% 8.0% 10.2% 9.5% 9.5% 11.0% 14.0% 13.8% 15.2% 13.8%
Free-cash-flow margin 15.6% 8.6% 9.7% 9.9% 10.1% 9.9% 7.7% 9.8% 8.2% 9.4% 12.8% 15.3% 10.1% 10.2% 13.3% 14.4% 15.0% 14.1%
Cash flow
Cash from operations 398 266 335 349 382 392 339 411 379 517 592 648 514 636 881 991 1,030 1,107
Capital spending 29 47 55 49 59 60 77 67 80 96 87 83 90 129 166 180 155 179
Free cash flow 368 219 280 300 323 331 262 344 299 421 505 565 424 507 715 811 875 928
Stock-based pay 10 11 15 16 14 16 17 22 22 24 15 22 18 25 27 31 33 36
Free cash flow after stock pay 358 208 265 284 309 315 245 322 277 397 490 543 406 482 689 780 842 892
Balance sheet
Cash 259 521 570 645 741 654 344 438 375 189 182 259 286 441 336 329 483 335
Total debt 497 598 599 597 598 596 644 994 1,055 1,818 1,571 1,590 1,445 1,443 2,141 1,568 2,325 5,120
Net debt (negative = net cash) 239 77 30 −48 −143 −58 301 556 680 1,629 1,389 1,331 1,159 1,002 1,805 1,239 1,843 4,786
Diluted shares 57m 60m 60m 60m 60m 59m 58m 56m 55m 55m 55m 55m 55m 54m 54m 54m 54m 53m
Returned to shareholders
Dividends 79 86 90 122 110 121 134 144 158 172 187 201 — — — — — —
Buybacks 0 23 138 76 31 106 79 247 93 40 35 41 11 182 30 40 225 204
Total returned 79 109 228 198 141 227 213 391 250 212 222 243 11 182 30 40 225 204

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · September 30, 2026
What it owns · $11.9bn
Short-term assets $3.1bnLonger-term assets $8.8bn
What it owes, and who funded it · $11.9bn
Short-term liabilities $2.0bnLonger-term liabilities $5.8bnShareholders' equity $4.1bn
  • Short-term assets cover short-term liabilities $3.1bn of assets due within a year against $2.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3.1bn short-term assets against $5.8bn of longer-dated liabilities.
  • More cash than debt $334m of cash against $5.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 125% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 65% to 125% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.1bn of operating cash flow against $5.1bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Hubbell Incorporated's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$204M
Buybacks, last 3 fiscal years
$295M
Diluted share count
−0.8%
year over year
Total shareholder yield
0.9%
dividends 0.0% + buybacks 0.9% of market value
Sales & admin spending
15.2%
of revenue

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Last 12 months unless stated HUBB IR SNA DOV MLI XYL Median
Revenue, last 12 months $6.6bn $8.1bn $5.3bn $8.6bn $5.0bn $9.1bn $1.4bn
Revenue growth, last 12 months 16.0% 8.0% 2.9% 8.2% 20.8% 1.9% 8.3%
Revenue growth, 3-year average 7.9% 6.4% 1.3% 4.1% 11.9% 10.3% 4.0%
Revenue growth, latest quarter 24.6% 5.6% −0.7% 7.5% 31.6% −3.0% 9.1%
Gross margin 35.4% 43.1% 46.7% 39.7% 27.7% 39.8% 35.2%
Operating margin 20.2% 22.9% 24.9% 17.0% 21.5% 15.1% 13.1%
Operating margin, 3-year average 19.8% 18.5% 25.7% 16.5% 21.7% 13.1% 13.7%
Net margin 13.8% 17.2% 19.2% 13.6% 17.3% 11.9% 8.9%
Cash from operations / revenue 16.8% 20.4% 22.0% 16.4% 15.4% 14.0% 11.9%
Free-cash-flow margin 14.1% 18.8% 20.4% 13.9% 13.8% 10.2% 8.8%
Free-cash-flow margin, 3-year average 14.0% 18.0% 20.9% 13.2% 15.8% 10.1% 9.8%
Stock pay / revenue 0.5% 0.7% 0.6% 0.5% 0.6% 0.6% 0.8%
Change in share count −0.8% −2.5% −1.0% −1.7% −1.5% −1.9% −0.0%

Median of all 76 companies we cover in industrial machinery & supplies & components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

76 industrial machinery & supplies & components companies
Measure Company Peer median Rank
Revenue growth Growth 16.0% 8.3% 20 of 75
Change in growth rate Growth +5.3pp +1.2pp 17 of 75
Gross margin Profitability 35.4% 35.4% 36 of 70
Operating margin Profitability 20.2% 13.0% 12 of 75
Net margin Profitability 13.8% 8.9% 18 of 76
Free-cash-flow margin Cash generation 14.1% 9.1% 18 of 76
Stock pay as % of revenue Cash generation 0.5% 0.8% 12 of 70
Long-term debt as % of assets Balance sheet 37.9% 23.4% 53 of 59
Change in share count Balance sheet -0.8% -0.0% 28 of 73

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Utility Solutions $3.7B 62.8% ▲ 2.0%
Electrical $2.2B 37.2% ▲ 7.1%
Geography
Region Revenue Share YoY
United States $5.4B 92.6% ▲ 4.9%
Outside the US $433M 7.4% ▼ 7.7%

From Hubbell Incorporated's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$26.6B
Institutions reporting
1,015
Shares held vs prior quarter
▼ 0.4%
Positions opened / closed
102 / 63

Top buyers and sellers, Q2 2026: 496 institutions bought and 380 sold ; the biggest buyer was Parnassus Investments, LLC (+871K shares) and the biggest seller Wellington Management Group LLP (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $2.5B 4.7M 9.2% ▲ 5.8%
Vanguard Capital Management LLC $1.8B 3.5M 6.8% ▼ 0.2%
Vanguard Portfolio Management LLC $1.4B 2.7M 5.3% 0.0%
State Street Corp $1.2B 2.4M 4.7% ▲ 3.1%
Massachusetts Financial Services Co $833M 1.5M 3.1% ▲ 0.6%
Bank Of New York Mellon Corp $783M 1.5M 2.9% ▼ 27.3%
Geode Capital Management, LLC $739M 1.4M 2.8% ▲ 0.7%
Deutsche Bank Ag\ $610M 1.2M 2.3% ▲ 2.6%
Boston Partners $575M 1.1M 2.2% ▲ 6.1%
Parnassus Investments, LLC $561M 1.1M 2.1% ▲ 433.0%
Invesco Ltd. $550M 1.1M 2.1% ▼ 13.9%
First Trust Advisors LP $471M 901K 1.8% ▲ 26.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hubbell Incorporated's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $186,719 1 trade by 1 insider, last 12 months Insider sales History → $20.4M 19 trades by 5 insiders · 0% under pre-set plans
Net ▼ $20.2M net selling
Insider Date Trade Shares Price Value
Del Nero Jonathan M. Vice President, Controller August 11, 2026 Sell 547 $518.56 $283,653
Mikes Mark Eugene President Electrical Solutions February 17, 2026 Sell 2,601 $523.73 $1.4M
Del Nero Jonathan M. Vice President, Controller February 9, 2026 Sell 2,245 $500.60 $1.1M
Lane Katherine Anne Senior VP, GC & Secretary February 9, 2026 Sell 4,610 $505.60 $2.3M
Bakker Gerben Chairman, President & CEO February 6, 2026 Sell 150 $503.43 $75,514
Bakker Gerben Chairman, President & CEO February 6, 2026 Sell 871 $503.38 $438,443
Bakker Gerben Chairman, President & CEO February 6, 2026 Sell 1,919 $501.60 $962,566
Bakker Gerben Chairman, President & CEO February 6, 2026 Sell 2,729 $502.91 $1.4M
Bakker Gerben Chairman, President & CEO February 6, 2026 Sell 2,643 $500.71 $1.3M
Bakker Gerben Chairman, President & CEO February 6, 2026 Sell 2,985 $499.49 $1.5M
Bakker Gerben Chairman, President & CEO February 6, 2026 Sell 3,897 $498.61 $1.9M
Bakker Gerben Chairman, President & CEO February 6, 2026 Sell 3,691 $497.48 $1.8M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 27 trades and filings

In the last 12 months, 1 member of Congress disclosed 16 purchases and 1 sale of Hubbell Incorporated shares.

  • April McClain Delaney(D-MD 6):Sale (full), $100,001 - $250,000, traded August 25, 2026, filed September 9, 2026
  • April McClain Delaney(D-MD 6):Purchase, $15,001 - $50,000, traded August 19, 2026, filed September 9, 2026
  • April McClain Delaney(D-MD 6):Purchase, $1,001 - $15,000, traded August 18, 2026, filed September 9, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 2, 2027 estimated from the company's past filing pattern, not announced

  • October 27, 2026
  • July 28, 2026
  • April 30, 2026
  • February 3, 2026
  • October 28, 2025
  • July 29, 2025

Recent SEC filings

Data status

When each part of this page on Hubbell Incorporated was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hubbell Incorporated in brief

What does Hubbell Incorporated do?
Hubbell Incorporated is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.
What is Hubbell Incorporated's stock ticker?
Hubbell Incorporated trades under the ticker HUBB on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Hubbell Incorporated's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Hubbell Incorporated reported revenue of $6.6B, 16.0% higher than a year earlier, according to its SEC filings.
What is Hubbell Incorporated's free cash flow?
Hubbell Incorporated's free-cash-flow margin is 14.1% of revenue over the trailing twelve months, ranking 18 of the 76 industrial machinery & supplies & components companies we cover.
What is Hubbell Incorporated's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Hubbell Incorporated's free cash flow after stock-based pay gives ~$400 per share in the base case, and ~$280–$550 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Hubbell Incorporated's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Hubbell Incorporated buying back stock, and does it pay a dividend?
Hubbell Incorporated spent $204M on share repurchases over the trailing twelve months, and its diluted share count fell 0.8% over the year.
What is Hubbell Incorporated's market cap?
On November 2, 2026, Hubbell Incorporated's market capitalisation was about $23.1B, with a price-to-earnings ratio of 25.4 and net debt of $4.8B. Market figures come from third-party market data and may be delayed.
How much debt does Hubbell Incorporated have?
Hubbell Incorporated's debt-to-equity ratio is 124.7%, from its latest balance sheet (64.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Hubbell Incorporated's competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to Hubbell Incorporated are Ingersoll Rand, Snap-on, Dover Corporation, Mueller Industries Inc and Xylem Inc. The side-by-side comparison below sets their revenue, margins and growth against Hubbell Incorporated's.
Are insiders buying or selling Hubbell Incorporated stock?
Over the last 12 months, Hubbell Incorporated's directors and officers reported 1 open-market purchases and 19 sales on Form 4. The insider trading page charts every trade.
When is Hubbell Incorporated's next earnings date?
Around February 2, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Hubbell Incorporated announces its own schedule.