NYSE: HUBB
Hubbell
Industrials · Electronic Components & Accessories
52-week range
$403.82$565.50
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$24.0B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $6.47B |
| FY2017, ended Dec 31, 2017 | $7.42B |
| FY2018, ended Dec 31, 2018 | $5.42B |
| FY2019, ended Dec 31, 2019 | $8.05B |
| FY2020, ended Dec 31, 2020 | $8.51B |
| FY2021, ended Dec 31, 2021 | $11.3B |
| FY2022, ended Dec 31, 2022 | $12.6B |
| FY2023, ended Dec 31, 2023 | $17.6B |
| FY2024, ended Dec 31, 2024 | $22.5B |
| FY2025, ended Dec 31, 2025 | $23.6B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $24.0B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$6.59B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $3.51B |
| FY2017, ended Dec 31, 2017 | $3.67B |
| FY2018, ended Dec 31, 2018 | $4.48B |
| FY2019, ended Dec 31, 2019 | $3.95B |
| FY2020, ended Dec 31, 2020 | $3.68B |
| FY2021, ended Dec 31, 2021 | $4.19B |
| FY2022, ended Dec 31, 2022 | $4.95B |
| FY2023, ended Dec 31, 2023 | $5.37B |
| FY2024, ended Dec 31, 2024 | $5.63B |
| FY2025, ended Dec 31, 2025 | $5.84B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $6.59B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $293M | $344M |
| FY2017, ended Dec 31, 2017 | $243M | $299M |
| FY2018, ended Dec 31, 2018 | $360M | $421M |
| FY2019, ended Dec 31, 2019 | $401M | $505M |
| FY2020, ended Dec 31, 2020 | $351M | $565M |
| FY2021, ended Dec 31, 2021 | $400M | $424M |
| FY2022, ended Dec 31, 2022 | $546M | $507M |
| FY2023, ended Dec 31, 2023 | $751M | $715M |
| FY2024, ended Dec 31, 2024 | $779M | $811M |
| FY2025, ended Dec 31, 2025 | $887M | $875M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $909M | $928M |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$335M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $438M |
| FY2017, ended Dec 31, 2017 | $375M |
| FY2018, ended Dec 31, 2018 | $189M |
| FY2019, ended Dec 31, 2019 | $182M |
| FY2020, ended Dec 31, 2020 | $259M |
| FY2021, ended Dec 31, 2021 | $286M |
| FY2022, ended Dec 31, 2022 | $441M |
| FY2023, ended Dec 31, 2023 | $336M |
| FY2024, ended Dec 31, 2024 | $329M |
| FY2025, ended Dec 31, 2025 | $483M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $335M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$5.12B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $994M |
| FY2017, ended Dec 31, 2017 | $1.06B |
| FY2018, ended Dec 31, 2018 | $1.82B |
| FY2019, ended Dec 31, 2019 | $1.57B |
| FY2020, ended Dec 31, 2020 | $1.59B |
| FY2021, ended Dec 31, 2021 | $1.45B |
| FY2022, ended Dec 31, 2022 | $1.44B |
| FY2023, ended Dec 31, 2023 | $2.14B |
| FY2024, ended Dec 31, 2024 | $1.57B |
| FY2025, ended Dec 31, 2025 | $2.32B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $5.12B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 4.7% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.52.8M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 55.4M |
| FY2017, ended Dec 31, 2017 | 54.8M |
| FY2018, ended Dec 31, 2018 | 54.6M |
| FY2019, ended Dec 31, 2019 | 54.4M |
| FY2020, ended Dec 31, 2020 | 54.3M |
| FY2021, ended Dec 31, 2021 | 54.4M |
| FY2022, ended Dec 31, 2022 | 53.6M |
| FY2023, ended Dec 31, 2023 | 53.6M |
| FY2024, ended Dec 31, 2024 | 53.7M |
| FY2025, ended Dec 31, 2025 | 53.2M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 52.8M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $168M more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $247M | $22.3M |
| FY2017, ended Dec 31, 2017 | $92.5M | $22.3M |
| FY2018, ended Dec 31, 2018 | $40.0M | $24.2M |
| FY2019, ended Dec 31, 2019 | $35.0M | $14.5M |
| FY2020, ended Dec 31, 2020 | $41.3M | $21.9M |
| FY2021, ended Dec 31, 2021 | $11.2M | $17.5M |
| FY2022, ended Dec 31, 2022 | $182M | $24.5M |
| FY2023, ended Dec 31, 2023 | $30.0M | $26.5M |
| FY2024, ended Dec 31, 2024 | $40.0M | $30.6M |
| FY2025, ended Dec 31, 2025 | $225M | $33.0M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $204M | $36.0M |
Revenue (TTM)
$6.59B
+16.0% YoY
Net income (TTM)
$909M
+5.6% YoY
Cash
$335M
−49.8% YoY
Total debt
$5.12B
+157% YoY
Valuation
At current price- Market Cap
- $22.3B
- P/E
- 24.6×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 3.4×
- Price / Book
- 5.4×
- EV / EBITDA
- 16.8×
Growth
Trailing 12 months- Revenue (TTM)
- $6.59B
- Revenue Growth YoY
- 16.0%
- Revenue CAGR 3Y
- 5.7%
- Revenue CAGR 5Y
- 9.7%
- EPS Growth YoY
- 6.5%
- Net Income Growth YoY
- 5.6%
Profitability
Trailing 12 months- Gross Margin
- 35.4%
- Operating Margin
- 20.2%
- Net Margin
- 13.8%
- FCF Margin
- 14.1%
- Return on Equity
- 23.3%
Earnings
Trailing 12 months- Net Income
- $909M
- EPS (diluted)
- $17.05
- EBITDA
- $1.61B
- Operating Income
- $1.33B
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $335M
- Total Debt
- $5.12B
- Net Debt
- $4.78B
- Total Assets
- $11.9B
- Total Liabilities
- $7.78B
- Shareholders' Equity
- $4.11B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.11B
- Capital Expenditure
- $179M
- Free Cash Flow
- $928M
Dividends and risk
Last 12 months- Dividend Yield
- 1.3%
- Dividend / Share
- $5.68
- Beta (5Y)
- 0.84
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 16.0% year over year, at $6.59B.
Note
Net margin of 13.8% over the last 12 months.
Note
Net debt of $4.78B is 3.0× EBITDA.
Note
Free cash flow of $928M, 14.1% of revenue.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 28, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K66Mildly positive
66Mildly positive
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 12, 2026 · Read the filing on EDGAR
- Net sales rose 3.8% to $5.84 billion, with organic growth of 3.3% from both higher prices and higher volumes, after a flat 2024.
- Operating income rose about 11% to $1.21 billion and net income rose 13.9%, as pricing and productivity outweighed cost inflation and tariffs.
- Hubbell spent $958 million on acquisitions, mainly DMC Power for about $829 million, lifting total debt to $2.33 billion from $1.57 billion.
- Hubbell switched some US inventory accounting from LIFO to FIFO and recast past figures; it says this is not a restatement.
Business momentum
Improving
“Net income attributable to Hubbell increased by 13.9% in 2025 compared to the prior year and diluted earnings per share increased by 14.9%.”
Outlook
Neutral
“We expect investments in restructuring and related activities to continue in 2026 as we continue to invest in previously initiated actions and initiatives, further footprint consolidation, and other cost reduction initiatives.”
Financial stress
Low
“The full $1.0 billion of borrowing capacity under the Revolving Credit Agreement was available to the Company at December 31, 2025.”
Tone against the previous report
More positive
Red flags
None found in this report.
Positives
Profit margins widened on pricing and productivity
“Operating margin increased in 2025, by 130 basis points and adjusted operating margin(1) increased by 80 basis points, driven by favorable price realization and improved operational productivity.”
Data center demand lifted Electrical Solutions volumes
“Volume growth was driven primarily by strength in the datacenter and light industrial markets, partially offset by softness in the non-residential and heavy industrial markets.”
Free cash flow grew
“free cash flow(2) increased in 2025 to $874.7 million as compared to $810.8 million in the prior year”
Concerns
Weak meter and grid automation projects cut Utility volumes
“that growth was more than offset by a decrease in volume within Grid Automation products from weak advanced metering infrastructure and meter project activity in the year.”
Tariffs and material inflation continue to eat into margins
“Those increases were partially offset by material and other cost inflation, including tariff expense.”
Debt rose to fund acquisitions, including a variable-rate loan
“On October 1, 2025, the Company borrowed $600 million under the 2025 Term Loan Agreement (the "2025 Term Loan") on an unsecured basis to finance a portion of the DMC Power purchase price.”
New risks since the previous report
Falling behind competitors on AI and automation
“Advancements in, and increased adoption of, artificial intelligence (AI), machine learning, automation, and other advanced technologies may result in a long-term competitive disadvantage.”
Risks from Hubbell's own growing use of AI
“The use of AI technologies introduces additional risks related to system reliability, data integrity, transparency, governance, and security.”
2026 review of the US-Mexico-Canada trade agreement
“which was replaced by the U.S.-Mexico-Canada Agreement on July 1, 2020, and is currently up for review in 2026”
Continued weakness in grid automation and residential markets
“Continued softness in the grid automation market of Utility Solutions and residential market of Electrical Solutions.”
Biggest risks named
- New tariffs and changes in US trade policy
- Inflation and ability to hold prices and margins
- Economic slowdown and interest rates reducing demand
- Raw material and component supply disruptions and costs
- Realizing expected benefits from acquisitions, including DMC Power and Systems Control
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | 0 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −2 | |
| Score | 66 | |
Written by AI (Claude Opus 5.5) from the report’s text. 13 of 13 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 28, 2026 | Pro | |||
| 10-K | Feb 12, 2026 | 66 | Improving | None | |
| 10-K | Feb 13, 2025 | 63 | Improving | None | |
| 10-K | Feb 8, 2024 | 68 | Strong improvement | None | |
| 10-K | Feb 9, 2023 | 71 | Strong improvement | None | |
| 10-K | Feb 11, 2022 | 56 | Mixed | None | |
| 10-K | Feb 11, 2021 | 49 | Weakening | None | |
| 10-K | Feb 14, 2020 | 67 | Improving | None | |
| 10-K | Feb 15, 2019 | 72 | Strong improvement | None | |
| 10-K | Feb 15, 2018 | 60 | Mixed | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 28, 2026. View filings on SEC EDGAR