Hubbell IncorporatedHUBB
NYSE•Industrials•Electrical Equipment & Parts
Hubbell Incorporated, together with its subsidiaries, manufactures and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Utility Solution segment offers critical components that allow the grid to transmit and distribute energy, as well as the communications and controls technologies, including utility transmission and distribution components, such as arresters, insulators, connectors, anchors, bushings, enclosures, cutouts, and switches; and solutions that serve the edge of the utility infrastructure comprising smart meters, communications systems, and protection and control devices. It sells its products under various brands and/or trademarks to the electrical distribution, substation and transmission markets, as well as markets for grid protection and controls, utility meters and advanced metering infrastructure and telcom and gas distribution markets. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies. It also designs and manufactures various industrial controls, and communication systems for use in the non-residential and industrial markets, as well as in the oil and gas, and mining industries. This segment sells its products through electrical and industrial distributors, home centers, retail and hardware outlets, and residential product-oriented internet sites; and special application products primarily through wholesale distributors to contractors, industrial customers, and original equipment manufacturers. The company was founded in 1888 and is headquartered in Shelton, Connecticut.
Hubbell Inc (HUBB) reported trailing twelve months revenue of $6.00B as of March 2026, a 7.2% increase year-over-year. Quarterly revenue reached $1.52B, reflecting continued top-line momentum.
Hubbell Inc generated $899.20M in TTM net income, with quarterly EBITDA of $324.00M. The operating margin contracted from 17.5% to 17.4%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (17.4%) and net margin (12.0%) indicates moderate non-operating costs. Net margin has narrowed from 12.4% a year ago, reflecting increased costs or interest expense.
HUBB trades at a P/E of 27.9x (in line with broad market averages) and a P/S of 4.2x. The price-to-book ratio of 6.7x indicates a significant premium over book value.
The company generated $46.00M in free cash flow over the trailing twelve months, a 303.5% increase year-over-year, indicating cash generation ability. The balance sheet shows $8.42B in total assets with $2.04B in long-term debt against $3.77B in stockholders equity for a debt-to-equity ratio of 0.5. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~20.1%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 23.7% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~20.6% — no sign of cost or pricing stress.
FCF covers net income by 1.0x on average — earnings are well-supported by cash generation.
Debt-to-equity has risen 68.9% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation