Manufacturer of electrical and utility components used across grid hardening, transmission, distribution, and industrial power systems.
Profile & Fundamentals
Hubbell: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Hubbell Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
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.
Company profile record
Hubbell Inc
Common Stock · Industrials · Electrical Components & Equipment
Company
- Company / asset
- Hubbell Inc
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Electrical Components & Equipment
- HQ
- 🇺🇸 United States
- Head office
- 40 Waterview Drive, Shelton, CT, United States, 06484
Leadership & scale
- Chief executive
- Mr. Gerben W. Bakker
- CEO year born
- 1965
- Full-time employees
- 19.4K
- Fiscal year end
- December
- IPO date
- 2015-12-24
Fundamentals snapshot
- Market Cap
- USD 25.9B
- P/E
- 28.7x
- Revenue (Q2 26)
- USD 1.7B
- Profit (Q2 26)
- USD 240.4M
- Dividend Yield
- 0.8%
- Revenue (FY 25)
- USD 5.8B
- Shares in public float
- 52.6M
- Insider ownership
- 0.35%
Reporting & identifiers
- Symbol
- HUBB.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US4435106079
- Asset ID
- equity_ef82c5fa-7d9d-5bd9-8f1f-fde52e1a388b
Ownership
Shares Outstanding
Latest: 53.3M | Max: 55.0M | Min: 53.3M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
98.61%
52.6M latest reported shares
Insider Ownership
0.35%
Latest reported insider stake
Short Float
0.06%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 55,000,000 |
| 2018-01-01 | 54,700,000 |
| 2019-01-01 | 54,700,000 |
| 2020-01-01 | 54,600,000 |
| 2021-01-01 | 54,800,000 |
| 2022-01-01 | 54,000,000 |
| 2023-01-01 | 54,000,000 |
| 2024-01-01 | 54,000,000 |
| 2025-01-01 | 53,564,000 |
| 2026-01-01 | 53,313,800 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 4,437,305 | 8.4% | 2026-03-31 |
| Vanguard Capital Management, LLC | 3,458,236 | 6.55% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 2,678,576 | 5.07% | 2026-03-31 |
| State Street Corp | 2,314,063 | 4.38% | 2026-03-31 |
| Bank of New York Mellon Corp | 2,058,372 | 3.9% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 1,679,477 | 3.18% | 2026-08-31 |
| Massachusetts Financial Services Company | 1,537,597 | 2.91% | 2026-03-31 |
| Geode Capital Management, LLC | 1,408,258 | 2.67% | 2026-03-31 |
| Vanguard 500 Index Investor | 1,404,190 | 2.66% | 2026-08-31 |
| Amvescap Plc. | 1,219,927 | 2.31% | 2026-03-31 |
| Deutsche Bank AG | 1,136,521 | 2.15% | 2026-03-31 |
| Boston Partners Global Investors, Inc | 1,103,899 | 2.09% | 2026-06-30 |
| Parnassus Investments LLC | 1,072,570 | 2.03% | 2026-06-30 |
| JPMorgan Chase & Co | 979,849 | 1.85% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 928,504 | 1.76% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Hubbell's business engine continues to deliver impressive underlying performance. Second-quarter 2026 net sales climbed more than 15% to $1.71 billion, propelled by 10% organic growth across electric utility and datacenter infrastructure. However, reported GAAP net income dipped slightly to $240 million, creating a misleading headline contrast. This gap is not caused by weakening demand, but by routine accounting charges, intangible amortization, and higher borrowing expenses tied to the recent NSI Industries buyout. Looking behind the accounting noise reveals excellent cash health. Hubbell generated over $900 million in trailing free cash flow, demonstrating that customer orders convert into real distributable cash. Because power utilities operate under legal mandates to maintain and modernize their physical infrastructure, customer spending remains exceptionally dependable regardless of broader economic turbulence.
Hubbell's business engine continues to deliver impressive underlying performance. Second-quarter 2026 net sales climbed more than 15% to $1.71 billion, propelled by 10% organic growth across electric utility and datacenter infrastructure. However, reported GAAP net income dipped slightly to $240 million, creating a misleading headline contrast. This gap is not caused by weakening demand, but by routine accounting charges, intangible amortization, and higher borrowing expenses tied to the recent NSI Industries buyout. Looking behind the accounting noise reveals excellent cash health. Hubbell generated over $900 million in trailing free cash flow, demonstrating that customer orders convert into real distributable cash. Because power utilities operate under legal mandates to maintain and modernize their physical infrastructure, customer spending remains exceptionally dependable regardless of broader economic turbulence.
Revenue, Net Income, and Free Cash Flow
Latest: USD 5.8B | Max: USD 5.8B | Min: USD 243.1M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 27x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Hubbell's profitability tells a story of enduring pricing strength offset by minor integration costs. Structural operating margins have expanded dramatically over recent years, rising from roughly 14% in 2022 to nearly 21% in 2025, while gross margins hold firm above 35%. Second-quarter 2026 adjusted operating margins experienced a modest 50 basis point dip to 23.9% due to acquisition mix dilution and higher raw material expenses. This temporary margin pressure should not be mistaken for fading pricing power. Hubbell manufactures highly specialized electrical safety gear that accounts for only a fraction of a project's budget but prevents catastrophic fires and blackouts. As a result, utility customers accept routine price increases, allowing Hubbell to defend its profit margins against fluctuating copper and tariff costs.
Hubbell's profitability tells a story of enduring pricing strength offset by minor integration costs. Structural operating margins have expanded dramatically over recent years, rising from roughly 14% in 2022 to nearly 21% in 2025, while gross margins hold firm above 35%. Second-quarter 2026 adjusted operating margins experienced a modest 50 basis point dip to 23.9% due to acquisition mix dilution and higher raw material expenses. This temporary margin pressure should not be mistaken for fading pricing power. Hubbell manufactures highly specialized electrical safety gear that accounts for only a fraction of a project's budget but prevents catastrophic fires and blackouts. As a result, utility customers accept routine price increases, allowing Hubbell to defend its profit margins against fluctuating copper and tariff costs.
Profitability Margins
Latest: 35.5% | Max: 35.5% | Min: 6.6%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
35.5%
Gross profit / revenue
Operating Margin
20.8%
Operating income / revenue
Net Margin
15.2%
Net income / revenue
FCF Margin
15.0%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 3,505,200,000 | 293,000,000 | 331,000,000 |
| 2017-12-31 | 3,668,800,000 | 243,100,000 | 299,300,000 |
| 2018-12-31 | 4,481,700,000 | 360,200,000 | 420,900,000 |
| 2019-12-31 | 3,946,600,000 | 361,500,000 | 497,700,000 |
| 2020-12-31 | 3,682,500,000 | 351,200,000 | 559,600,000 |
| 2021-12-31 | 4,194,100,000 | 399,500,000 | 453,600,000 |
| 2022-12-31 | 4,947,900,000 | 545,900,000 | 453,900,000 |
| 2023-12-31 | 5,372,900,000 | 759,800,000 | 715,100,000 |
| 2024-12-31 | 5,628,500,000 | 777,800,000 | 810,800,000 |
| 2025-12-31 | 5,844,600,000 | 887,100,000 | 874,700,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 26.62 | Trailing four quarters |
| 2024-12-31 | 28.69 | Trailing four quarters |
| 2023-12-31 | 23.38 | Trailing four quarters |
| 2022-12-31 | 23.21 | Annual net income |
| 2021-12-31 | 28.57 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 31.53 | 13.97 | 8.36 | 9.44 |
| 2017-12-31 | 31.48 | 14.14 | 6.63 | 8.16 |
| 2018-12-31 | 29.02 | 12.43 | 8.04 | 9.39 |
| 2019-12-31 | 29.69 | 13.35 | 9.16 | 12.61 |
| 2020-12-31 | 29.49 | 13.43 | 9.54 | 15.2 |
| 2021-12-31 | 27.46 | 12.69 | 9.53 | 10.82 |
| 2022-12-31 | 29.74 | 14.33 | 11.03 | 9.17 |
| 2023-12-31 | 35.14 | 19.33 | 14.14 | 13.31 |
| 2024-12-31 | 33.83 | 19.39 | 13.82 | 14.41 |
| 2025-12-31 | 35.46 | 20.83 | 15.18 | 14.97 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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