Hubbell (HUBB) | Financial Analysis & Statements
Hubbell Inc. Large-cap Industrials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
1.5B
Gross Profit
525.1M
35.18%
Operating Income
311.5M
20.87%
Net Income
225.2M
15.09%
EPS (Diluted)
$4.19
Balance Sheet Metrics
Total Assets
8.2B
Total Liabilities
4.4B
Shareholders Equity
3.9B
Debt to Equity
1.13
Cash Flow Metrics
Operating Cash Flow
447.2M
Free Cash Flow
388.8M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Hubbell Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 5.8B | 5.6B | 5.4B | 4.9B | 4.2B |
| Cost of Goods Sold | 3.8B | 3.7B | 3.5B | 3.5B | 3.0B |
| Gross Profit | 2.1B | 1.9B | 1.9B | 1.5B | 1.2B |
| Gross Margin % | 35.3% | 33.8% | 35.1% | 29.7% | 27.5% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 855.3M | 812.5M | 849.6M | 769.5M | 619.2M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 855.3M | 812.5M | 849.6M | 769.5M | 619.2M |
| Operating Income | 1.2B | 1.1B | 1.0B | 702.1M | 532.3M |
| Operating Margin % | 20.7% | 19.4% | 19.3% | 14.2% | 12.7% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | 64.1M | 73.8M | 36.7M | 49.6M | 54.7M |
| Other Non-Operating Income | -25.6M | -12.5M | -18.5M | 4.5M | -18.3M |
| Pre-tax Income | 1.1B | 1.0B | 983.3M | 657.0M | 459.3M |
| Income Tax | 227.2M | 221.8M | 217.3M | 140.2M | 88.2M |
| Effective Tax Rate % | 20.3% | 22.1% | 22.1% | 21.3% | 19.2% |
| Net Income | 891.9M | 783.5M | 766.0M | 551.4M | 405.6M |
| Net Margin % | 15.3% | 13.9% | 14.3% | 11.1% | 9.7% |
| Key Metrics | |||||
| EBITDA | 1.4B | 1.3B | 1.2B | 855.1M | 686.8M |
| EPS (Basic) | $16.63 | $14.46 | $14.14 | $9.49 | $7.33 |
| EPS (Diluted) | $16.54 | $14.37 | $14.05 | $9.43 | $7.28 |
| Basic Shares Outstanding | 53200000 | 53700000 | 53600000 | 53700000 | 54300000 |
| Diluted Shares Outstanding | 53200000 | 53700000 | 53600000 | 53700000 | 54300000 |
Income Statement Trend
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Hubbell Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 482.5M | 329.1M | 336.1M | 440.5M | 286.2M |
| Short-term Investments | 15.4M | 15.9M | 12.6M | 14.3M | 9.4M |
| Accounts Receivable | 879.4M | 780.1M | 805.5M | 778.0M | 695.7M |
| Inventory | 1.1B | 841.8M | 832.9M | 740.7M | 662.1M |
| Other Current Assets | 155.4M | 146.5M | 129.7M | 84.3M | 66.8M |
| Total Current Assets | 2.6B | 2.1B | 2.2B | 2.0B | 1.9B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 7.5B | 6.1B | 6.3B | 4.6B | 4.4B |
| Intangible Assets | 1.4B | 1.1B | 1.2B | 669.9M | 681.5M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 240.1M | 197.5M | 289.0M | 146.9M | 320.8M |
| Total Non-Current Assets | 5.6B | 4.6B | 4.7B | 3.4B | 3.4B |
| Total Assets | 8.2B | 6.7B | 6.9B | 5.4B | 5.3B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 570.5M | 541.7M | 563.5M | 529.9M | 532.8M |
| Short-term Debt | 329.8M | 159.6M | 148.0M | 35.2M | 36.8M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | 24.6M | - | 91.3M |
| Total Current Liabilities | 1.5B | 1.3B | 1.3B | 1.1B | 1.1B |
| Non-Current Liabilities | |||||
| Long-term Debt | 2.2B | 1.6B | 2.1B | 1.5B | 1.5B |
| Deferred Tax Liabilities | 420.1M | 236.4M | 240.3M | 113.8M | 114.7M |
| Other Non-Current Liabilities | 138.1M | 124.7M | 128.5M | 111.3M | 112.1M |
| Total Non-Current Liabilities | 2.9B | 2.1B | 2.7B | 1.9B | 2.0B |
| Total Liabilities | 4.4B | 3.4B | 4.0B | 3.0B | 3.0B |
| Equity | |||||
| Common Stock | 600.0K | 600.0K | 600.0K | 600.0K | 600.0K |
| Retained Earnings | 4.2B | 3.7B | 3.2B | 2.7B | 2.6B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 3.9B | 3.3B | 2.9B | 2.4B | 2.2B |
| Key Metrics | |||||
| Total Debt | 2.5B | 1.7B | 2.3B | 1.6B | 1.5B |
| Working Capital | 1.1B | 815.1M | 843.8M | 932.9M | 814.1M |
Balance Sheet Composition
Hubbell Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 891.9M | 783.5M | 766.0M | 516.8M | 371.1M |
| Depreciation & Amortization | 206.1M | 212.1M | 149.7M | 148.5M | 149.1M |
| Stock-Based Compensation | 33.0M | 30.6M | 26.5M | 24.5M | 17.5M |
| Working Capital Changes | -56.3M | -23.5M | -33.2M | -34.5M | -55.9M |
| Operating Cash Flow | 1.0B | 984.9M | 878.0M | 618.3M | 493.4M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Acquisitions | -955.7M | 128.8M | -1.2B | 155.7M | 8.6M |
| Investment Purchases | -25.2M | -21.0M | -25.4M | -33.7M | -11.4M |
| Investment Sales | 16.7M | 15.8M | 21.8M | 23.0M | 11.5M |
| Investing Cash Flow | -939.5M | 121.3M | -1.2B | 147.4M | 18.1M |
| Financing Activities | |||||
| Share Repurchases | -225.0M | -40.0M | -30.0M | -182.0M | -11.2M |
| Dividends Paid | -286.6M | -267.3M | -245.5M | -229.6M | -216.9M |
| Debt Issuance | 1.0B | 0 | 600.0M | 0 | 298.7M |
| Debt Repayment | -400.3M | -600.0M | -2.2M | -4.8M | -467.6M |
| Financing Cash Flow | 203.3M | -923.4M | 386.3M | -441.9M | -584.6M |
| Free Cash Flow | 874.7M | 810.8M | 715.1M | 453.9M | 453.6M |
| Net Change in Cash | 292.0M | 182.8M | 49.8M | 323.8M | -73.1M |
Cash Flow Trend
Hubbell Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
33.16
Forward P/E
25.37
Price to Book
7.59
Price to Sales
4.99
PEG Ratio
2.21
Profitability Ratios
Profit Margin
15.18%
Operating Margin
19.13%
Return on Equity
24.54%
Return on Assets
10.03%
Financial Health
Current Ratio
1.72
Debt to Equity
64.47
Beta
1.00
Per Share Data
EPS (TTM)
$16.53
Book Value per Share
$72.26
Revenue per Share
$109.86
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| HUBB | 29.7B | 33.16 | 7.59 | 24.54% | 15.18% | 64.47 |
| Vertiv Holdings | 124.2B | 80.64 | 31.23 | 45.10% | 14.37% | 75.21 |
| Bloom Energy | 67.5B | 1,707.50 | 80.48 | -12.65% | -4.37% | 377.80 |
| nVent Electric plc | 23.1B | 54.70 | 6.19 | 12.30% | 18.24% | 45.92 |
| Advanced Energy | 14.7B | 100.32 | 10.74 | 11.64% | 8.25% | 49.82 |
| Acuity Brands | 8.9B | 21.74 | 3.16 | 16.03% | 9.37% | 28.45 |
Financial data is updated regularly. All figures are in the company's reporting currency.






