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HUBB

Hubbell Incorporated

HUBB

Hubbell Incorporated • NYSE
$431.43 ▲ 1.03% (+4.38)
Market Cap $22.93 B
52w High $484.26
52w Low $299.43
Dividend Yield 5.68%
P/E 26.95
Volume 177.38K
Outstanding Shares 53.14M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.502B ▲ $213.7M ▼ $255.5M ▲ 17.006% ▲ $4.8 ▲ $374.1M ▼
Q2-2025 $1.484B ▲ $215.8M ▲ $244.2M ▲ 16.452% ▲ $4.58 ▲ $378.2M ▲
Q1-2025 $1.365B ▲ $212.2M ▲ $169.7M ▼ 12.43% ▼ $3.16 ▼ $280.4M ▼
Q4-2024 $1.334B ▼ $192.5M ▼ $197M ▼ 14.764% ▼ $3.66 ▼ $311.7M ▼
Q3-2024 $1.443B $193.3M $219.4M 15.209% $4.08 $347.5M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $680.9M ▲ $7.527B ▲ $3.834B ▲ $3.693B ▲
Q2-2025 $399.6M ▲ $7.149B ▲ $3.65B ▲ $3.488B ▲
Q1-2025 $360.3M ▲ $6.922B ▲ $3.65B ▲ $3.261B ▼
Q4-2024 $345M ▼ $6.679B ▼ $3.396B ▼ $3.268B ▲
Q3-2024 $445.6M $6.935B $3.706B $3.215B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $255.5M ▲ $284.3M ▲ $-74.8M ▼ $74.9M ▲ $284.3M ▲ $253.8M ▲
Q2-2025 $237.7M ▲ $260.6M ▲ $-41.3M ▲ $-192.5M ▼ $35.7M ▲ $220.7M ▲
Q1-2025 $169.7M ▼ $37.4M ▼ $-99.3M ▼ $75M ▲ $17.8M ▲ $11.4M ▼
Q4-2024 $198.2M ▼ $432.4M ▲ $-79.1M ▼ $-447M ▼ $-106.6M ▼ $364.4M ▲
Q3-2024 $219M $227M $-36.1M $-157.1M $38.5M $188.8M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Electrical Segment
Electrical Segment
 $490.00M ▲$510.00M ▲$550.00M ▲$560.00M ▲
Utility Solutions Segment
Utility Solutions Segment
 $850.00M ▲$860.00M ▲$940.00M ▲$940.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Hubbell’s income statement shows a business that has scaled well over the past five years. Revenue has climbed steadily each year, and profits have grown even faster than sales, which points to healthier pricing, better mix, and tighter cost control. Operating profit and EBITDA have expanded meaningfully, suggesting good operating leverage as the company grows. Earnings per share have risen sharply over the period, helped both by higher margins and disciplined portfolio choices that favor higher‑value segments like utility solutions and grid-related products. Growth in the latest year remains positive, though the pace is a bit more measured than the surge seen in the early post‑pandemic years.

Balance Sheet

Balance Sheet The balance sheet looks solid and gradually stronger. Total assets have increased over time, reflecting growth and acquisitions, while shareholder equity has steadily built up, which is a healthy sign of retained value in the business. Debt climbed a few years ago but has since started to come back down, easing leverage and interest burden. Cash balances are stable rather than large, indicating management prefers to keep capital working but still maintains a reasonable liquidity cushion. Overall, the company appears to be managing its financial structure prudently, with a tilt toward strengthening equity and moderating debt.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has improved year after year and now comfortably covers investment needs. Free cash flow has grown alongside earnings, showing that reported profits are supported by real cash, not just accounting. Capital spending has increased modestly but remains very manageable relative to the cash coming in, leaving room for dividends, buybacks, and acquisitions without stretching the balance sheet. The pattern is one of a mature industrial business that converts a good share of its profits into dependable cash, which can help support long-term strategic initiatives and withstand economic slowdowns.

Competitive Edge

Competitive Edge Hubbell holds a strong position in electrical equipment and utility infrastructure, especially in North America. Its brand portfolio is deep, with many long‑trusted names used in critical applications where reliability and safety matter and switching suppliers can be costly and disruptive. The company benefits from being embedded in customers’ systems and standards, particularly at utilities and data centers, creating natural switching barriers. Its broad product coverage around the power grid and electrification, combined with an efficient distribution network, gives it scale advantages over smaller rivals. A deliberate shift away from lower-margin, more commoditized products and toward specialized, higher-value solutions has also helped widen its edge. Competition in industrial equipment remains intense, but Hubbell’s integration, reputation, and focus on high-growth infrastructure niches give it a meaningful, if not unassailable, moat.

Innovation and R&D

Innovation and R&D Innovation is a central part of Hubbell’s strategy and ties closely to major long-term themes. In grid modernization, its Aclara business offers a full smart‑grid ecosystem—from advanced metering to analytics platforms—that helps utilities monitor and optimize their networks. In data centers, Hubbell is pushing modular, pre‑fabricated solutions and high‑density power systems that support AI-driven workloads, aiming to reduce installation time and boost reliability. The company is also applying digital tools and AI internally to improve design, manufacturing, and product development processes. Recent acquisitions, like DMC Power with its specialized high-voltage connectors, add proprietary technologies that deepen the product moat. Continuous new product launches in areas such as motor disconnects and composite components show an active pipeline. The main risk is that the company must keep investing to stay ahead as technology, standards, and customer needs evolve quickly in energy and data infrastructure.

Summary

Taken together, Hubbell looks like a mature industrial company that has successfully repositioned itself around several powerful trends: grid modernization, electrification, and data center expansion. Revenue and profits have grown steadily, with improving margins and strong cash conversion, supported by a disciplined portfolio shift toward higher‑value segments. The balance sheet is sound and gradually de‑risked, and cash flows provide flexibility for ongoing investment and selective acquisitions. Competitively, Hubbell benefits from trusted brands, embedded solutions, and high switching costs, especially for utility and data center customers. Its innovation efforts and targeted deals aim to deepen that advantage in smart infrastructure and high-voltage systems. Key uncertainties to keep in mind include sensitivity to capital spending cycles at utilities and data centers, execution on integration and new technologies, and the impact of regulation and energy policy on grid and renewable investments. Nonetheless, the recent financial and strategic trajectory points to a well-managed, innovation-driven industrial business aligned with long-term electrification and infrastructure needs.

NEWS

October 30, 2025 · 4:05 PM UTC

Hubbell Incorporated Prices Offering of Senior Notes Due 2035

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October 28, 2025 · 7:30 AM UTC

Hubbell Reports Third Quarter 2025 Results

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October 24, 2025 · 12:00 PM UTC

Hubbell Incorporated Declares 8% Dividend Increase

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October 13, 2025 · 4:05 PM UTC

Hubbell to Announce Third Quarter 2025 Results on October 28, 2025

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October 1, 2025 · 4:05 PM UTC

Hubbell Incorporated Completes Acquisition of DMC Power

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