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HUBB.NYSE
Hubbell
Industrials · Electrical Components & Equipment

Manufacturer of electrical and utility components used across grid hardening, transmission, distribution, and industrial power systems.

HQ: United StatesListed: United States

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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Profile & Fundamentals contents

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.

HUBB.NYSE

Company profile record

Hubbell Inc

Common Stock · Industrials · Electrical Components & Equipment

Official website

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

Updated 2026-09-27
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

Shares Outstanding
69.3M52.0M34.6M17.3M0.00
53.3M
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float 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

Top 5 concentration: 28.29%
BlackRock Inc
institution
Filed 2026-03-31 • Change -225.0K (-4.82%)
8.40%(4.4M shares)
Vanguard Capital Management, LLC
institution
Filed 2026-03-31 • Change +3.5M (0.00%)
6.55%(3.5M shares)
Vanguard Portfolio Management, LLC
institution
Filed 2026-03-31 • Change +2.7M (0.00%)
5.07%(2.7M shares)
State Street Corp
institution
Filed 2026-03-31 • Change +11.5K (+0.50%)
4.38%(2.3M shares)
Bank of New York Mellon Corp
institution
Filed 2026-03-31 • Change -108.3K (-5.00%)
3.90%(2.1M shares)
Vanguard MStar Total Stk Mkt Idx Invest
fund
Filed 2026-08-31 • Change -3.5K (-0.21%)
3.18%(1.7M shares)
Massachusetts Financial Services Company
institution
Filed 2026-03-31 • Change -36.5K (-2.32%)
2.91%(1.5M shares)
Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

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Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-0155,000,000
2018-01-0154,700,000
2019-01-0154,700,000
2020-01-0154,600,000
2021-01-0154,800,000
2022-01-0154,000,000
2023-01-0154,000,000
2024-01-0154,000,000
2025-01-0153,564,000
2026-01-0153,313,800

Top Holders

Available reported ownership records.

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Largest reported holders
HolderSharesOwnershipReported date
BlackRock Inc4,437,3058.4%2026-03-31
Vanguard Capital Management, LLC3,458,2366.55%2026-03-31
Vanguard Portfolio Management, LLC2,678,5765.07%2026-03-31
State Street Corp2,314,0634.38%2026-03-31
Bank of New York Mellon Corp2,058,3723.9%2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest1,679,4773.18%2026-08-31
Massachusetts Financial Services Company1,537,5972.91%2026-03-31
Geode Capital Management, LLC1,408,2582.67%2026-03-31
Vanguard 500 Index Investor1,404,1902.66%2026-08-31
Amvescap Plc.1,219,9272.31%2026-03-31
Deutsche Bank AG1,136,5212.15%2026-03-31
Boston Partners Global Investors, Inc1,103,8992.09%2026-06-30
Parnassus Investments LLC1,072,5702.03%2026-06-30
JPMorgan Chase & Co979,8491.85%2026-03-31
Morgan Stanley - Brokerage Accounts928,5041.76%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.

Revenue, Net Income, and Free Cash Flow

Latest: USD 5.8B | Max: USD 5.8B | Min: USD 243.1M

RevenueFree Cash FlowNet Income
USD 7.4BUSD 5.5BUSD 3.7BUSD 1.8BUSD 0.00
5.8B
874.7M
887.1M
'16
'18
'20
'22
'24
'25

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: 27x

30x22x15x7x0x
29x
23x
27x
'21'23'25

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.

Profitability Margins

Latest: 35.5% | Max: 35.5% | Min: 6.6%

Gross MarginOperating MarginNet Margin
44.7%33.5%22.3%11.2%0.0%
35.5%
20.8%
15.2%
'16
'18
'20
'22
'24
'25

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.

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Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2016-12-313,505,200,000293,000,000331,000,000
2017-12-313,668,800,000243,100,000299,300,000
2018-12-314,481,700,000360,200,000420,900,000
2019-12-313,946,600,000361,500,000497,700,000
2020-12-313,682,500,000351,200,000559,600,000
2021-12-314,194,100,000399,500,000453,600,000
2022-12-314,947,900,000545,900,000453,900,000
2023-12-315,372,900,000759,800,000715,100,000
2024-12-315,628,500,000777,800,000810,800,000
2025-12-315,844,600,000887,100,000874,700,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

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Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2025-12-3126.62Trailing four quarters
2024-12-3128.69Trailing four quarters
2023-12-3123.38Trailing four quarters
2022-12-3123.21Annual net income
2021-12-3128.57Annual net income

Profitability Margins

Matching annual reporting dates. Values are percentages.

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Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2016-12-3131.5313.978.369.44
2017-12-3131.4814.146.638.16
2018-12-3129.0212.438.049.39
2019-12-3129.6913.359.1612.61
2020-12-3129.4913.439.5415.2
2021-12-3127.4612.699.5310.82
2022-12-3129.7414.3311.039.17
2023-12-3135.1419.3314.1413.31
2024-12-3133.8319.3913.8214.41
2025-12-3135.4620.8315.1814.97

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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