A Business at a Glance
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HUBBELL INC
HUBB
$26.0B
Mkt Cap
$486.09
-0.47%
HUBBELL INC (HUBB) has a current P/E ratio of 29.4, compared to its historical median P/E of 22.6. The stock is currently considered Expensive based on its historical valuation range.
HUBBELL INC (HUBB) has a 5-year average return on invested capital (ROIC) of 16.8%. This indicates strong capital allocation and a potential competitive advantage.
HUBBELL INC (HUBB) has a market capitalization of $25.9B. It is classified as a large-cap stock.
Yes, HUBBELL INC (HUBB) pays a dividend with a trailing twelve-month yield of 1.11%. The company also returns capital through share buybacks, with a buyback yield of 1.03%.
Based on historical P/E analysis, HUBBELL INC (HUBB) appears expensive. The current P/E of 29.4 is 30% above its historical median of 22.6. The estimated fair value CAGR (P/E method) is 15.8%.
HUBBELL INC (HUBB) operates in the Electronic Components & Accessories industry, within the Technology sector.
HUBBELL INC (HUBB) reported annual revenue of $5.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Hubbell Incorporated is a world-class manufacturer of electrical and utility solutions with over 135 years of history, operating through two reporting segments: Utility Solutions (63% of 2025 revenues) and Electrical Solutions (37% of 2025 revenues). The Utility Solutions segment provides critical components and technologies that enable utilities to conduct, communicate, and control energy across transmission, distribution, and grid modernization applications, including transmission and distribution components, smart meters, communications systems, and protection and control devices, sold primarily through distributors and directly to utilities. The Electrical Solutions segment manufactures wiring devices, connectors, grounding products, industrial controls, and communication systems for non-residential, industrial, data center, and renewable energy applications, distributed through electrical and industrial distributors, home centers, and retail outlets. Hubbell's business model is characterized by a diversified customer base across utilities, electrical contractors, OEMs, and industrial customers, with manufacturing and assembly operations across the United States, Canada, Mexico, China, the United Kingdom, Brazil, Australia, Spain, Ireland, and the Philippines, supported by approximately 18,000 employees. The company competes on product performance, reliability, quality, technological innovation, and reputation, with a portfolio of over 75 brands and approximately 3,250 active patents, positioning it to serve secular growth trends in grid modernization, electrification, and data center infrastructure expansion.
【Strong organic growth momentum】 Management is confident in delivering attractive financial performance driven by broad-based strength across utility transmission and distribution, data center, and light industrial end markets, which represent over two-thirds of the portfolio and are exposed to long-term secular investment cycles. The company anticipates managing price-cost productivity on a neutral or better basis despite mid-single-digit cost inflation expected in 2026, with pricing actions implemented in the second quarter expected to contribute meaningfully to organic growth as the year progresses. Hubbell is investing in capacity expansion in high-growth areas, particularly high-voltage transmission and data center markets, to support accelerating demand, while maintaining disciplined capital allocation and targeting at least 90% free cash flow conversion on adjusted net income. Management expects margin expansion to continue in 2026, with utility solutions anticipated to deliver stronger margin growth than electrical solutions, supported by favorable mix dynamics in higher-margin grid infrastructure businesses and operational leverage from strong organic growth.
| Metric | Target | Period |
|---|---|---|
| Total sales growth | 8%-11% | FY2026 |
| Organic sales growth | 6%-9% | FY2026 |
| Adjusted earnings per diluted share | $19.30-$19.85 | FY2026 |
| Free cash flow conversion | at least 90% | FY2026 |
| Utility Solutions organic growth | high single-digit | FY2026 |
Total sales growth (FY2026): “We are raising our full-year sales growth outlook to 8%-11%”
Organic sales growth (FY2026): “and our organic sales growth outlook to 6%-9%”
Adjusted earnings per diluted share (FY2026): “we are raising our full-year adjusted earnings per diluted share outlook to $19.30-$19.85 per share”
Free cash flow conversion (FY2026): “we continue to anticipate at least 90% free cash flow conversion on adjusted net income in 2026”
Utility Solutions organic growth (FY2026): “we now anticipate our Utility Solutions segment to deliver high single-digit organic growth on a full year basis”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.0B | 5.8B | 5.6B | 5.4B | 4.9B | 4.2B |
| Net Income | 898M | 886M | 778M | 750M | 545M | 398M |
| EPS | $16.79 | $16.54 | $14.39 | $13.89 | $10.07 | $7.28 |
| Free Cash Flow | 909M | 875M | 811M | 715M | 507M | 424M |
| ROIC | 16.8% | 17.9% | 18.0% | 19.6% | 16.3% | 12.3% |
| Gross Margin | 35.3% | 35.3% | 33.9% | 34.9% | 29.7% | 27.5% |
| Debt/Equity | 0.68 | 0.72 | 0.54 | 0.80 | 0.66 | 0.69 |
| Dividends/Share | $0.00 | $5.38 | $4.98 | $4.58 | $4.27 | $3.99 |
| Operating Income | 1.2B | 1.2B | 1.1B | 1.0B | 709M | 532M |
| Operating Margin | 20.6% | 20.7% | 19.4% | 19.1% | 14.3% | 12.7% |
| ROE | 23.8% | 24.5% | 24.8% | 28.6% | 23.7% | 18.5% |
| Shares Outstanding | 53M | 54M | 54M | 54M | 54M | 55M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 3.4B | 3.4B | 3.5B | 3.7B | 4.5B | 3.9B | 3.7B | 4.2B | 4.9B | 5.4B | 5.6B | 5.8B | 6.0B |
| Gross Margin | 33.0% | 32.2% | 31.5% | 31.5% | 29.0% | 29.7% | 29.5% | 27.5% | 29.7% | 34.9% | 33.9% | 35.3% | 35.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 592M | 617M | 615M | 636M | 744M | 645M | 591M | 619M | 763M | 850M | 813M | 855M | 885M |
| EBIT | 517M | 475M | 490M | 519M | 557M | 527M | 495M | 532M | 709M | 1.0B | 1.1B | 1.2B | 1.2B |
| Op. Margin | 15.4% | 14.0% | 14.0% | 14.1% | 12.4% | 13.3% | 13.4% | 12.7% | 14.3% | 19.1% | 19.4% | 20.7% | 20.6% |
| Net Income | 325M | 277M | 293M | 242M | 359M | 400M | 350M | 398M | 545M | 750M | 778M | 886M | 898M |
| Net Margin | 9.7% | 8.2% | 8.4% | 6.6% | 8.0% | 10.1% | 9.5% | 9.5% | 11.0% | 14.0% | 13.8% | 15.2% | 15.0% |
| Non-Recurring | 6.4M | 23M | 41M | 32M | 16M | 29M | 20M | 8.6M | 6.8M | 2.9M | 12M | 11M | 16M |
| Returns on Capital | |||||||||||||
| ROIC | 17.2% | 14.8% | 14.6% | 14.0% | 14.1% | 12.1% | 11.2% | 12.3% | 16.3% | 19.6% | 18.0% | 17.9% | 16.8% |
| ROE | 17.0% | 15.1% | 17.6% | 15.0% | 21.0% | 21.4% | 17.4% | 18.5% | 23.7% | 28.6% | 24.8% | 24.5% | 23.8% |
| ROA | 10.0% | 8.5% | 8.7% | 6.7% | 8.4% | 8.2% | 7.0% | 7.7% | 10.2% | 12.0% | 11.2% | 11.7% | 10.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 392M | 339M | 411M | 379M | 517M | 592M | 648M | 514M | 636M | 881M | 991M | 1.0B | 1.1B |
| Free Cash Flow | 331M | 262M | 344M | 299M | 421M | 505M | 565M | 424M | 507M | 715M | 811M | 875M | 909M |
| Owner Earnings | 296M | 237M | 298M | 259M | 345M | 439M | 482M | 347M | 463M | 705M | 749M | 791M | 826M |
| CapEx | 60M | 77M | 67M | 80M | 96M | 87M | 83M | 90M | 129M | 166M | 180M | 155M | 170M |
| Maint. CapEx | 79M | 85M | 91M | 98M | 148M | 138M | 145M | 149M | 149M | 150M | 212M | 206M | 220M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16M | 0 | 0 | 0 |
| D&A | 79M | 85M | 91M | 98M | 148M | 138M | 145M | 149M | 149M | 150M | 212M | 206M | 220M |
| CapEx/OCF | 15.4% | 23.3% | 16.4% | 21.0% | 18.6% | 15.9% | 13.7% | 17.6% | 20.3% | 18.8% | 18.2% | 15.1% | 15.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 121M | 134M | 144M | 158M | 172M | 187M | 201M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 2.2% | 2.8% | 3.0% | 2.9% | 3.1% | 3.1% | 3.0% | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 106M | 79M | 247M | 93M | 40M | 35M | 41M | 11M | 182M | 30M | 40M | 225M | 268M |
| Buyback Yield | 2.1% | 1.7% | 4.6% | 1.5% | 0.8% | 0.5% | 0.5% | 0.1% | 1.5% | 0.2% | 0.2% | 0.9% | 1.0% |
| Stock-Based Comp | 16M | 17M | 22M | 22M | 24M | 15M | 22M | 18M | 25M | 27M | 31M | 33M | 33M |
| Debt Repayment | 800K | 0 | 0 | 300M | 169M | 225M | 331M | 300M | 0 | 0 | 600M | 300K | 300K |
| Balance Sheet | |||||||||||||
| Net Debt | -65M | 288M | 545M | 666M | 1.6B | 1.5B | 1.6B | 1.2B | 1.1B | 1.9B | 1.5B | 2.3B | 2.1B |
| Cash & Equiv. | 654M | 344M | 438M | 375M | 189M | 182M | 259M | 286M | 441M | 336M | 329M | 483M | 517M |
| Long-Term Debt | 595M | 596M | 991M | 987M | 1.7B | 1.5B | 1.4B | 1.4B | 1.4B | 2.0B | 1.4B | 2.0B | 2.0B |
| Debt/Equity | 0.31 | 0.37 | 0.62 | 0.65 | 1.02 | 0.86 | 0.89 | 0.69 | 0.66 | 0.80 | 0.54 | 0.72 | 0.68 |
| Interest Coverage | 16.6 | 15.3 | 11.3 | 11.6 | 7.7 | 7.6 | 8.2 | 9.7 | 14.3 | 28.0 | N/A | N/A | N/A |
| Equity | 1.9B | 1.7B | 1.6B | 1.6B | 1.8B | 1.9B | 2.1B | 2.2B | 2.4B | 2.9B | 3.4B | 3.8B | 3.8B |
| Total Assets | 3.3B | 3.2B | 3.5B | 3.7B | 4.9B | 4.9B | 5.1B | 5.3B | 5.4B | 7.1B | 6.8B | 8.2B | 8.4B |
| Total Liabilities | 1.4B | 1.5B | 1.9B | 2.1B | 3.1B | 2.9B | 3.0B | 3.0B | 3.0B | 4.0B | 3.4B | 4.4B | 4.6B |
| Intangibles | 323M | 372M | 432M | 460M | 820M | 782M | 771M | 682M | 670M | 1.2B | 1.1B | 1.4B | 1.4B |
| Retained Earnings | 1.9B | 1.9B | 1.9B | 1.9B | 2.1B | 2.3B | 2.4B | 2.6B | 2.7B | 3.2B | 3.8B | 4.2B | 4.2B |
| Working Capital | 1.1B | 785M | 962M | 898M | 804M | 729M | 639M | 814M | 933M | 844M | 984M | 1.1B | 1.0B |
| Current Assets | 1.6B | 1.4B | 1.6B | 1.6B | 1.6B | 1.6B | 1.6B | 1.9B | 2.0B | 2.2B | 2.3B | 2.6B | 2.8B |
| Current Liabilities | 499M | 603M | 590M | 706M | 839M | 845M | 948M | 1.1B | 1.1B | 1.3B | 1.3B | 1.5B | 1.8B |
| Per Share Data | |||||||||||||
| EPS | 5.48 | 4.77 | 5.24 | 4.39 | 6.54 | 7.31 | 6.43 | 7.28 | 10.07 | 13.89 | 14.39 | 16.54 | 16.79 |
| Owner EPS | 4.98 | 4.08 | 5.33 | 4.68 | 6.28 | 8.04 | 8.85 | 6.34 | 8.57 | 13.06 | 13.85 | 14.77 | 15.50 |
| Book Value | 32.46 | 29.94 | 28.49 | 29.61 | 32.45 | 35.63 | 38.03 | 40.76 | 43.66 | 53.31 | 62.86 | 71.87 | 70.71 |
| Cash Flow/Share | 6.60 | 5.84 | 7.35 | 6.87 | 9.42 | 10.83 | 11.90 | 9.39 | 11.77 | 16.32 | 18.35 | 19.23 | 20.96 |
| Dividends/Share | 2.06 | 2.31 | 2.59 | 2.87 | 3.15 | 3.43 | 3.71 | 3.99 | 4.27 | 4.58 | 4.98 | 5.38 | 0.00 |
| Shares Out. | 59.4M | 58.1M | 55.9M | 55.2M | 54.9M | 54.7M | 54.4M | 54.7M | 54.1M | 54.0M | 54.0M | 53.5M | 53.3M |
| Valuation | |||||||||||||
| P/E Ratio | 15.7 | 17.2 | 18.5 | 26.2 | 13.1 | 18.1 | 22.6 | 26.9 | 22.3 | 22.7 | 28.9 | 27.4 | 29.0 |
| P/FCF | 15.4 | 18.2 | 15.7 | 21.2 | 11.2 | 14.4 | 14.0 | 25.3 | 23.9 | 24.1 | 27.8 | 27.8 | 28.5 |
| EV/EBIT | 9.7 | 10.6 | 12.5 | 13.6 | 11.4 | 14.6 | 19.0 | 22.4 | 18.6 | 18.4 | 21.9 | 21.9 | 22.7 |
| Price/Book | 2.6 | 2.7 | 3.4 | 3.9 | 2.7 | 3.7 | 3.8 | 4.8 | 5.2 | 6.0 | 6.6 | 6.3 | 6.9 |
| Price/Sales | 1.6 | 1.4 | 1.4 | 1.5 | 1.3 | 1.3 | 1.8 | 2.3 | 2.1 | 2.7 | 3.7 | 3.7 | 4.3 |
| FCF Yield | 6.5% | 5.5% | 6.3% | 4.7% | 8.9% | 6.9% | 7.1% | 3.9% | 4.2% | 4.1% | 3.6% | 3.6% | 3.5% |
| Market Cap | 5.1B | 4.8B | 5.4B | 6.4B | 4.7B | 7.3B | 7.9B | 10.8B | 12.2B | 17.2B | 22.5B | 24.3B | 25.9B |
| Avg. Price | 91.07 | 82.50 | 85.05 | 99.26 | 101.72 | 111.80 | 123.93 | 174.87 | 195.52 | 273.19 | 387.50 | 403.00 | 486.09 |
| Year-End Price | 85.95 | 81.97 | 96.83 | 115.19 | 85.71 | 132.60 | 145.26 | 196.14 | 224.36 | 318.93 | 416.43 | 453.71 | 486.09 |
HUBBELL INC passes 6 of 9 quality checks, suggesting mixed fundamentals.
HUBBELL INC trades at 29.4x trailing earnings, compared to its 15-year median P/E of 22.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 29.5x vs a median of 22.6x. The company's 5-year average ROIC is 16.8% with a gross margin of 32.3%. Total shareholder yield (dividends + buybacks) is 2.1%. At current prices, the estimated annualized return to fair value is +9.9%.
HUBBELL INC (HUBB) has a net profit margin of 15.2%. This is a healthy margin.
HUBBELL INC (HUBB) generated $875 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HUBBELL INC (HUBB) has a debt-to-equity ratio of 0.72. This indicates moderate leverage.
HUBBELL INC (HUBB) reported earnings per share (EPS) of $16.54 in its most recent fiscal year.
HUBBELL INC (HUBB) has a return on equity (ROE) of 24.5%. This indicates the company generates strong returns for shareholders.
HUBBELL INC (HUBB) has a 5-year average gross margin of 32.3%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for HUBBELL INC (HUBB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HUBBELL INC (HUBB) has a book value per share of $71.87, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is confident in delivering attractive financial performance driven by broad-based strength across utility transmission and distribution, data center, and light industrial end markets, which represent over two-thirds of the portfolio and are exposed to long-term secular investment cycles. The company anticipates managing price-cost productivity on a neutral or better basis despite mid-single-digit cost inflation expected in 2026, with pricing actions implemented in the second quarter expected to contribute meaningfully to organic growth as the year progresses. Hubbell is investing in capacity expansion in high-growth areas, particularly high-voltage transmission and data center markets, to support accelerating demand, while maintaining disciplined capital allocation and targeting at least 90% free cash flow conversion on adjusted net income. Management expects margin expansion to continue in 2026, with utility solutions anticipated to deliver stronger margin growth than electrical solutions, supported by favorable mix dynamics in higher-margin grid infrastructure businesses and operational leverage from strong organic growth.
Based on recent SEC filings and earnings calls, HUBBELL INC (HUBB) has provided the following forward guidance: Total sales growth: 8%-11% (FY2026); Organic sales growth: 6%-9% (FY2026); Adjusted earnings per diluted share: $19.30-$19.85 (FY2026); Free cash flow conversion: at least 90% (FY2026); Utility Solutions organic growth: high single-digit (FY2026).
No recent press releases.