Hubbell Incorporated

Electrical Equipment & Parts

HUBBSolid11 of 11 basics passed

$474.11

-0.27%

Market cap $25.1B

$474.11

-0.27%

Market cap $25.1B

Founded in 1888 by Harvey Hubbell, the eponymous company was the conduit through which the pull-chain lamp socket was originally sold.

It is a $25.1B industrial company. Revenue grew 10.6% over the last year, it keeps 14¢ of every dollar of sales as profit, and its net debt equals ~2.0 years of free cash flow. It trades at 27.8× earnings — around the middle of its own history.

Website: hubbell.com
Location: Shelton, CT
Employees: 19 400
Sector: Industrials
Founded: 1888

Share price · 3 years

$307.78 → $474.11+54.0%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $6.22B
Profit: keeps 14¢ of every $1 sold; $902M
Free cash flow: cash left after running the business; $901M
Net debt: debt minus cash on hand; $1.83B
P/E: years of profit in the price; 27.8
EPS: earnings per share, TTM; $16.82
Dividend: pays out 33% of profit · 33% of FCF; 1.18%
Shares: down 8% since 2016 — buybacks; 53.6M
Volatility: beta vs the market — under 1 swings less; 0.82

Revenue, last 10 years

52-week range

Low $407.36$474.11High $557.85

Today's price is 44% of the way from the year's low to its high.

P/E vs its history5y

27.8×median 27.5×

Higher than 53% of past days — around the middle of its own history.

Valuation vs own history

P/E

27.8×

47%

P/S

4.0×

30%

EV/EBITDA

23.6×

16%

P/B

6.4×

49%

FCF yield

3.6%

57%

Share of the last ~5 years that was pricier than today (pricier than usual). Based on the daily valuation record.

Insider activity · 90 days

-$284Knet selling

Purchases$0

Sales$284K

Insiders trading, last 14d0 buy · 0 sell

Standing in Industrials

Size$25.1Btop 41%
Revenue growth+6%top 38%
Net margin14%top 24%
Return on equity24%top 36%
P/E27.8×top 55%
Dividend yield1.18%top 47%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong growth, profitability, quality and moat.

Valuation56

P/E vs own history53th pct · 12/25
FCF yield3.6% · 12/25
P/S4.0x · 20/25
EV/EBITDA20.1x · 12/25

Growth87

Revenue CAGR8.6% · 12/25
Net income CAGR22.1% · 25/25
EPS CAGR ~5Y20.8% · 25/25
Fwd implied growth33.9% · 25/25

Profitability80

ROIC15.6% · 20/25
ROE23.7% · 20/25
Net margin14.5% · 20/25
Operating margin20.2% · 20/25

Health73

Altman Z2.97 · 18/25
Current ratio1.61 · 18/25
Interest coverage18.5x · 25/25
Net cash / debtD/A 22% · 12/25

Quality89

Piotroski F7/9 · 22/25
Beneish M-2.44 · 20/25
FCF conversion100% · 22/25
Margin stabilityσ 3.6% · 25/25

Moat81

ROIC >12% years10/10 yrs · 25/25
Median gross margin30.6% · 13/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst 6.6% · 18/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Best year on record
$887M net income
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$3.51B in first reported year
FY2016Financial
Positive free cash flow every year since
10-year streak
1960Acquisition
A second source of growth through acquisition, from 1960 onwards to now, Hubbell Incorporated has acquired many…
1952Product
The ocean liner "SS United States" was launched in Newport News, Virginia
Dec 17, 1927Milestone
Company's first era ended when its founder Harvey Hubbell II died on December 17, 1927
1896Product
Hubbell's idea was to provide convenience, safety, and control to an electric light with his new "pull socket" which…
1888Founded
Hubbell was founded by Harvey Hubbell as a proprietorship in 1888

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$24 802 today — price return only

$5.8B revenue in FY2025

Revenue up 10.6% year over year

Profitable 10 years in a row

Positive free cash flow 10 years in a row

19 400 employees

ROIC of 15.6%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 10.6% year over year
Interest covered 18.5× by operating earnings
High returns on invested capital (ROIC 15.6%)
Piotroski F-Score 7/9 — fundamentally strong checklist

Watch-outs

Net debt would take ~5.7 years of free cash flow to repay

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

11 of 11 checks passed

Revenue growing — the company sells more than a year ago+10.6% YoY
Profitable — makes more than it spends$902M TTM
Profit growing — earnings are higher than last year+18.0% YoY
Generates cash — cash left after running and investing$901M TTM
Debt under control — could handle its obligations~2.0y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$25.1B market cap
Not printing shares — share count not ballooning — you keep your slice-1.8% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distressAltman Z 3.0 — grey
Pays a dividend — returns cash to shareholdersyield 1.18%
Valuation not extreme — price not wildly above earningsP/E 27.8

Peer comparisonHubbell Incorporated vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
HUBB this company	$25.1B	27.8	+10.6%	14.5%	Solid
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: HUBB vs LRCX · HUBB vs CAT · HUBB vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 5Buy 8Hold 8

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $6.22B · net income $902M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$6.22B

YoY 10.6%

Net income (TTM)

$902M

Margin 14.5%

Gross margin

35.3%

Operating margin

20.2%

P/E ratio

27.8

Dividend yield

1.18%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	4.2	4.2	4.9	5.4	5.6	5.8
Gross profit	1.2	1.2	1.5	1.9	1.9	2.1
Operating income (EBIT)	0.5	0.5	0.7	1.0	1.1	1.2
Net income	0.4	0.4	0.5	0.8	0.8	0.9
EPS (diluted)	6.43	7.28	10.07	14.05	14.37	16.54

Cash flowFree cash flow $901M · operating cash flow $1.07B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$901M

Margin 14.5%

Operating cash flow (TTM)

$1.07B

FCF margin

14.5%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.6	0.5	0.6	0.9	1.0	1.0
Capital expenditure	-0.1	-0.1	-0.1	-0.2	-0.2	-0.2
Free cash flow	0.6	0.4	0.5	0.7	0.8	0.9
FCF margin	13.4%	10.1%	10.2%	13.3%	14.4%	15.0%

Balance sheetAssets $8.23B · net debt $1.83B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $8.23B of assets is financed

53%

47%

Liabilities $4.37B — borrowed moneyEquity $3.85B — owners' stake

Cash vs debt

Total debt $2.33B − cash $498M = net debt $1.83B

Cash on hand covers 21% of debt.

Altman Z-Score

2.97

Grey zone

Debt repayment

5.7 yrs

Years of free cash flow to clear net debt

Interest coverage

18.5x

EBIT ÷ interest expense

ROE

23.7%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.3	0.3	0.5	0.3	0.3	0.5
Total assets	5.1	5.3	5.4	6.9	6.7	8.2
Total liabilities	3.0	3.0	3.0	4.0	3.4	4.4
Total debt	1.6	1.4	1.4	2.1	1.6	2.3
Equity	2.1	2.2	2.4	2.9	3.3	3.8
Net debt	1.3	1.1	1.0	1.8	1.2	1.8

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of HUBB on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $474.11 · market cap $25.1B.