NYSE : HUBB
Hubbell Incorporated — Financial statements
Industrials · Electrical Equipment & Parts · United States
Last price 422.44 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 22.32B
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Financial statements
Hubbell Incorporated (HUBB) reported revenue of 6.59B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.59B | 5.84B | 5.63B | 5.37B | 4.95B | 4.19B |
| Cost of Revenue | 4.28B | 3.77B | 3.71B | 3.49B | 3.47B | 3.04B |
| Gross Profit | 2.31B | 2.07B | 1.91B | 1.88B | 1.48B | 1.15B |
| Selling, General & Admin | 983.30M | 864.60M | 808.50M | 853.30M | 769.10M | 617.70M |
| Operating Expenses | 983.30M | 864.60M | 808.50M | 853.30M | 769.10M | 617.70M |
| Operating Income | 1.33B | 1.21B | 1.11B | 1.03B | 712.40M | 536.20M |
| Interest Expense | -134.10M | -64.10M | -73.80M | -36.70M | -49.60M | -54.70M |
| Other Non Operating Income (Expenses) | -6.00M | -6.80M | 6.10M | -300.00K | 4.50M | 5.40M |
| EBT Excluding Unusual Items | 1.19B | 1.14B | 1.04B | 991.10M | 667.30M | 486.90M |
| Merger & Restructuring Charges | -49.50M | -19.00M | -26.60M | -18.90M | -10.30M | -3.90M |
| Gain (Loss) on Sale of Assets | -400.00K | -5.30M | -6.90M | |||
| Other Unusual Items | 31.00M | -16.80M | ||||
| Pretax Income | 1.17B | 1.12B | 1.01B | 972.20M | 657.00M | 459.30M |
| Income Tax Expense | 251.90M | 227.20M | 222.10M | 214.60M | 140.20M | 88.20M |
| Earnings From Continuing Operations | 915.00M | 891.90M | 784.70M | 757.60M | 516.80M | 371.10M |
| Earnings From Discontinued Operations | 34.60M | 34.50M | ||||
| Net Income to Company | 915.00M | 891.90M | 784.70M | 757.60M | 551.40M | 405.60M |
| Minority Interest in Earnings | -6.10M | -4.80M | -5.70M | -6.20M | -5.50M | -6.10M |
| Net Income | 908.90M | 887.10M | 779.00M | 751.40M | 545.90M | 399.50M |
| Preferred Dividends & Other Adjustments | 1.30M | 1.50M | 1.50M | 1.80M | 1.40M | 1.20M |
| Net Income to Common | 907.60M | 885.60M | 777.50M | 749.60M | 544.50M | 398.30M |
| Shares Outstanding (Basic) | 52.90M | 53.20M | 53.70M | 53.60M | 53.70M | 54.30M |
| Shares Outstanding (Diluted) | 53.12M | 53.50M | 54.00M | 54.00M | 54.10M | 54.70M |
| EPS (Basic) | 17.16 | 16.65 | 14.48 | 13.99 | 10.14 | 7.34 |
| EPS (Diluted) | 17.05 | 16.54 | 14.39 | 13.89 | 10.07 | 7.29 |
| Free Cash Flow | 928.00M | 874.70M | 810.80M | 715.10M | 453.90M | 453.60M |
| Free Cash Flow Per Share | 17.47 | 16.35 | 15.02 | 13.24 | 8.39 | 8.29 |
| Dividend Per Share | 5.68 | 5.38 | 4.98 | 4.58 | 4.27 | 3.99 |
| Gross Margin | 35.02% | 35.49% | 34.02% | 35.02% | 29.94% | 27.51% |
| Operating Margin | 20.10% | 20.69% | 19.66% | 19.13% | 14.40% | 12.78% |
| Profit Margin | 13.76% | 15.15% | 13.81% | 13.95% | 11.00% | 9.50% |
| Free Cash Flow Margin | 14.07% | 14.97% | 14.41% | 13.31% | 9.17% | 10.81% |
| EBITDA | 1.60B | 1.41B | 1.31B | 1.17B | 854.30M | 675.70M |
| EBITDA Margin | 24.32% | 24.15% | 23.36% | 21.84% | 17.27% | 16.11% |
| D&A For EBITDA | 277.80M | 202.30M | 208.50M | 145.40M | 141.90M | 139.50M |
| EBIT | 1.33B | 1.21B | 1.11B | 1.03B | 712.40M | 536.20M |
| EBIT Margin | 20.10% | 20.69% | 19.66% | 19.13% | 14.40% | 12.78% |
| Effective Tax Rate | 21.59% | 20.30% | 22.06% | 22.07% | 21.34% | 19.20% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 334.50M | 482.50M | 329.10M | 336.10M | 440.50M | 286.20M |
| Short-Term Investments | 20.50M | 15.40M | 15.90M | 12.60M | 14.30M | 9.40M |
| Cash & Short-Term Investments | 355.00M | 497.90M | 345.00M | 348.70M | 454.80M | 295.60M |
| Accounts Receivable | 1.23B | 875.60M | 771.60M | 797.30M | 719.50M | 650.40M |
| Other Receivables | 29.50M | 22.40M | 29.70M | 22.10M | 24.90M | |
| Receivables | 1.23B | 905.10M | 794.00M | 827.00M | 741.60M | 675.30M |
| Inventory | 1.33B | 1.08B | 1.01B | 832.90M | 740.70M | 662.10M |
| Other Current Assets | 174.50M | 107.20M | 108.50M | 158.60M | 84.30M | 246.30M |
| Total Current Assets | 3.09B | 2.59B | 2.26B | 2.17B | 2.02B | 1.88B |
| Property, Plant & Equipment | 913.20M | 996.70M | 872.80M | 799.70M | 636.00M | 540.80M |
| Long-Term Investments | 100.50M | 98.40M | 84.90M | 75.80M | 65.90M | 69.10M |
| Goodwill | 4.37B | 3.06B | 2.50B | 2.53B | 1.97B | 1.87B |
| Other Intangible Assets | 3.14B | 1.40B | 1.09B | 1.20B | 676.90M | 692.30M |
| Long-Term Deferred Tax Assets | 25.80M | 7.50M | 7.20M | 5.50M | 5.20M | |
| Other Long-Term Assets | 287.50M | 49.10M | 37.50M | 128.90M | 26.40M | 223.50M |
| Total Assets | 11.90B | 8.23B | 6.85B | 6.91B | 5.40B | 5.28B |
| Accounts Payable | 662.40M | 570.50M | 541.70M | 563.50M | 529.90M | 532.80M |
| Accrued Expenses | 516.00M | 383.90M | 376.20M | 421.00M | 438.10M | 329.40M |
| Short-Term Debt | 314.30M | 289.10M | 125.40M | 102.40M | 4.70M | 9.70M |
| Current Portion of Long-Term Debt | 299.50M | 15.00M | ||||
| Current Portion of Leases | 48.40M | 40.70M | 34.20M | 30.60M | 30.50M | 27.10M |
| Current Income Taxes Payable | 14.50M | 27.50M | 21.40M | 21.10M | 4.50M | 4.80M |
| Current Unearned Revenue | 125.60M | 161.30M | 134.60M | 111.50M | 45.80M | 16.70M |
| Other Current Liabilities | 37.90M | 35.70M | 40.70M | 58.30M | 35.00M | 144.70M |
| Total Current Liabilities | 2.02B | 1.51B | 1.27B | 1.32B | 1.09B | 1.07B |
| Long-Term Debt | 4.51B | 2.04B | 1.44B | 2.02B | 1.44B | 1.44B |
| Long-Term Leases | 138.00M | 121.20M | 117.30M | 118.80M | 84.90M | 58.30M |
| Pension & Post-Retirement Benefits | 122.40M | 127.70M | 180.00M | 149.40M | 169.60M | 206.80M |
| Long-Term Deferred Tax Liabilities | 819.10M | 420.10M | 277.10M | 240.30M | 113.80M | 114.70M |
| Other Long-Term Liabilities | 176.00M | 156.90M | 145.80M | 169.60M | 137.30M | 160.30M |
| Total Liabilities | 7.78B | 4.37B | 3.44B | 4.02B | 3.03B | 3.04B |
| Common Stock | 600.00K | 600.00K | 600.00K | 600.00K | 600.00K | 600.00K |
| Additional Paid-In Capital | 10.30M | 6.40M | 2.60M | 6.10M | ||
| Retained Earnings | 4.41B | 4.16B | 3.78B | 3.18B | 2.71B | 2.56B |
| Comprehensive Income & Other | -310.40M | -314.80M | -386.50M | -312.40M | -345.20M | -330.80M |
| Total Common Equity | 4.11B | 3.85B | 3.40B | 2.88B | 2.36B | 2.23B |
| Minority Interest | 12.20M | 10.00M | 14.40M | 12.30M | 9.70M | 10.90M |
| Shareholders' Equity | 4.12B | 3.86B | 3.41B | 2.89B | 2.37B | 2.24B |
| Total Liabilities & Equity | 11.90B | 8.23B | 6.85B | 6.91B | 5.40B | 5.28B |
| Total Debt | 5.31B | 2.49B | 1.72B | 2.29B | 1.56B | 1.53B |
| Net Cash (Debt) | -4.95B | -1.99B | -1.37B | -1.94B | -1.10B | -1.24B |
| Net Cash Per Share | -93.21 | -37.19 | -25.46 | -35.95 | -20.39 | -22.58 |
| Filing Date Shares Outstanding | 52.84M | 53.16M | 53.67M | 53.63M | 53.60M | 54.41M |
| Total Common Shares Outstanding | 52.84M | 53.25M | 53.76M | 53.73M | 53.69M | 54.52M |
| Working Capital | 1.07B | 1.09B | 983.70M | 843.80M | 932.90M | 814.10M |
| Book Value Per Share | 77.71 | 72.26 | 63.17 | 53.54 | 43.97 | 40.90 |
| Tangible Book Value | -3.41B | -616.90M | -190.90M | -858.20M | -286.50M | -333.80M |
| Tangible Book Value Per Share | -64.46 | -11.58 | -3.55 | -15.97 | -5.34 | -6.12 |
| Land | 37.90M | 34.80M | 34.90M | 29.80M | 28.10M | |
| Buildings | 291.50M | 269.60M | 249.80M | 212.10M | 209.70M | |
| Machinery | 1.23B | 1.09B | 992.40M | 905.70M | 846.60M | |
| Construction In Progress | 121.70M | 135.70M | 131.60M | 99.00M | 69.50M | |
| Order Backlog | 2.16B | 1.90B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 908.90M | 887.10M | 779.00M | 751.40M | 545.90M | 399.50M |
| Depreciation & Amortization | 277.80M | 202.30M | 208.50M | 145.40M | 141.90M | 139.50M |
| Other Amortization | 3.80M | 3.80M | 3.60M | 4.30M | 6.60M | 9.60M |
| Loss (Gain) From Sale of Assets | 2.50M | 1.60M | 6.30M | 2.50M | 3.50M | 2.20M |
| Stock-Based Compensation | 36.00M | 33.00M | 30.60M | 26.50M | 24.50M | 17.50M |
| Provision & Write-off of Bad Debts | 1.30M | |||||
| Other Operating Activities | 33.40M | -300.00K | -10.50M | -7.50M | -49.90M | -2.40M |
| Change in Accounts Receivable | -173.60M | -68.20M | 22.20M | -1.60M | -66.80M | -124.80M |
| Change in Inventory | -142.80M | -32.30M | -24.20M | -31.00M | -66.50M | -138.90M |
| Change in Accounts Payable | 96.70M | 6.30M | -13.60M | 13.20M | -15.30M | 195.10M |
| Change in Other Net Operating Assets | 63.80M | -3.50M | -10.70M | -22.40M | 112.30M | 15.10M |
| Operating Cash Flow | 1.11B | 1.03B | 991.20M | 880.80M | 583.20M | 543.80M |
| Capital Expenditures | -178.50M | -155.10M | -180.40M | -165.70M | -129.30M | -90.20M |
| Cash Acquisitions | -3.83B | -958.30M | 5.90M | -1.21B | -177.10M | 100.00K |
| Divestitures | 2.60M | 122.90M | 332.80M | 8.50M | ||
| Investment in Securities | -7.80M | -8.50M | -5.20M | -3.60M | -10.70M | 100.00K |
| Other Investing Activities | 22.20M | 24.70M | -2.30M | 800.00K | 700.00K | 3.70M |
| Investing Cash Flow | -4.00B | -1.09B | -59.10M | -1.38B | 16.40M | -77.80M |
| Short-Term Debt Issued | 164.00M | 22.90M | 100.00M | 8.10M | ||
| Long-Term Debt Issued | 1.00B | 600.00M | 298.70M | |||
| Total Debt Issued | 3.55B | 1.16B | 22.90M | 700.00M | 306.80M | |
| Short-Term Debt Repaid | -300.00K | -2.20M | -4.80M | -151.60M | ||
| Long-Term Debt Repaid | -400.00M | -600.00M | -316.00M | |||
| Total Debt Repaid | -400.30M | -400.30M | -600.00M | -2.20M | -4.80M | -467.60M |
| Net Debt Issued (Repaid) | 3.15B | 763.70M | -577.10M | 697.80M | -4.80M | -160.80M |
| Repurchase of Common Stock | -203.50M | -225.00M | -40.00M | -30.00M | -182.00M | -11.20M |
| Common Dividends Paid | -300.90M | -286.60M | -267.30M | -245.50M | -229.60M | -216.90M |
| Other Financing Activities | -80.40M | -48.50M | -39.00M | -33.80M | -20.70M | -44.10M |
| Financing Cash Flow | 2.57B | 203.60M | -923.40M | 388.50M | -437.10M | -433.00M |
| Foreign Exchange Rate Adjustments | -1.20M | 13.90M | -16.40M | 6.90M | -8.80M | -3.00M |
| Miscellaneous Cash Flow Adjustments | -3.90M | 700.00K | 700.00K | -400.00K | 600.00K | -2.40M |
| Net Cash Flow | -332.30M | 153.40M | -7.00M | -104.40M | 154.30M | 27.60M |
| Free Cash Flow | 928.00M | 874.70M | 810.80M | 715.10M | 453.90M | 453.60M |
| Free Cash Flow Margin | 14.07% | 14.97% | 14.41% | 13.31% | 9.17% | 10.81% |
| Free Cash Flow Per Share | 17.47 | 16.35 | 15.02 | 13.24 | 8.39 | 8.29 |
| Levered Free Cash Flow | 552.83M | 680.91M | 552.48M | 500.32M | 499.95M | 377.24M |
| Unlevered Free Cash Flow | 636.64M | 720.98M | 598.60M | 523.26M | 530.95M | 411.43M |
| Cash Interest Paid | 77.60M | 77.60M | 83.60M | 49.90M | 47.50M | 65.60M |
| Cash Income Tax Paid | 214.30M | 214.30M | 225.30M | 215.00M | 168.00M | 84.00M |
| Change in Working Capital | -155.90M | -97.70M | -26.30M | -41.80M | -36.30M | -53.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 22.32B | 23.60B | 22.48B | 17.64B | 12.60B | 11.33B |
| Enterprise Value | 27.27B | 25.08B | 24.14B | 18.64B | 13.79B | 12.73B |
| Last Close Price | 422.44 | 440.22 | 409.77 | 317.80 | 223.17 | 193.92 |
| PE Ratio | 24.78 | 26.65 | 28.92 | 23.53 | 23.15 | 28.45 |
| Forward PE | 18.81 | 22.67 | 24.04 | 20.40 | 21.84 | 22.79 |
| PS Ratio | 3.38 | 4.04 | 3.99 | 3.28 | 2.55 | 2.70 |
| PB Ratio | 5.44 | 6.12 | 6.59 | 6.11 | 5.32 | 5.06 |
| P/FCF Ratio | 24.05 | 26.98 | 27.73 | 24.66 | 27.77 | 24.98 |
| P/OCF Ratio | 20.17 | 22.92 | 22.68 | 20.02 | 21.61 | 20.84 |
| PEG Ratio | 1.84 | 2.27 | 1.42 | 1.65 | 1.87 | 2.85 |
| EV/Sales Ratio | 4.14 | 4.29 | 4.29 | 3.47 | 2.79 | 3.04 |
| EV/EBITDA Ratio | 17.01 | 17.77 | 18.36 | 15.88 | 16.14 | 18.84 |
| EV/EBIT Ratio | 20.57 | 20.74 | 21.82 | 18.13 | 19.36 | 23.75 |
| EV/FCF Ratio | 29.39 | 28.68 | 29.77 | 26.07 | 30.38 | 28.07 |
| Debt / Equity Ratio | 1.29 | 0.65 | 0.50 | 0.79 | 0.66 | 0.68 |
| Debt / EBITDA Ratio | 3.21 | 1.71 | 1.27 | 1.89 | 1.75 | 2.16 |
| Debt / FCF Ratio | 5.72 | 2.84 | 2.12 | 3.20 | 3.43 | 3.37 |
| Net Debt / Equity Ratio | 1.20 | 0.52 | 0.40 | 0.67 | 0.47 | 0.55 |
| Net Debt / EBITDA Ratio | 3.09 | 1.41 | 1.04 | 1.65 | 1.29 | 1.83 |
| Net Debt / FCF Ratio | 5.34 | 2.27 | 1.70 | 2.71 | 2.43 | 2.72 |
| Asset Turnover | 0.68 | 0.78 | 0.82 | 0.87 | 0.93 | 0.81 |
| Inventory Turnover | 3.60 | 3.60 | 4.03 | 4.44 | 4.94 | 5.12 |
| Quick Ratio | 0.79 | 0.93 | 0.89 | 0.89 | 1.10 | 0.91 |
| Current Ratio | 1.53 | 1.72 | 1.77 | 1.64 | 1.86 | 1.76 |
| Return on Equity (ROE) | 23.43% | 24.54% | 24.91% | 28.81% | 22.41% | 17.16% |
| Return on Assets (ROA) | 8.53% | 10.03% | 10.05% | 10.43% | 8.33% | 6.46% |
| Return on Invested Capital (ROIC) | 11.45% | 18.13% | 17.94% | 19.30% | 16.13% | 12.40% |
| Return on Capital Employed (ROCE) | 13.40% | 18.00% | 19.90% | 18.40% | 16.50% | 12.70% |
| Earnings Yield | 4.04% | 3.76% | 3.46% | 4.26% | 4.33% | 3.52% |
| FCF Yield | 4.16% | 3.71% | 3.61% | 4.05% | 3.60% | 4.00% |
| Dividend Yield | 1.44% | 1.21% | 1.19% | 1.40% | 1.82% | 1.92% |
| Payout Ratio | 35.66% | 32.31% | 34.31% | 32.67% | 42.06% | 54.29% |
| Buyback Yield / Dilution | 1.07% | 0.93% | -0.19% | 0.18% | 1.10% | -0.37% |
| Total Shareholder Return | 2.51% | 2.14% | 1.00% | 1.58% | 2.92% | 1.55% |