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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.8B | $1.4B | $887M | $875M | 23.1% | 3.8% | 13.9% |
| 2024 | $5.6B | $1.3B | $779M | $811M | 22.9% | 4.8% | 3.7% |
| 2023 | $5.4B | $1.2B | $751M | $715M | 26.1% | 8.6% | 37.6% |
| 2022 | $4.9B | $855M | $546M | $454M | 23.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 4,947.90 | 5,372.90 | 5,628.50 | 5,844.60 |
| Operating Revenue | - | 4,947.90 | 5,372.90 | 5,628.50 | 5,844.60 |
| Cost Of Revenue | - | 3,476.30 | 3,495.90 | 3,722.90 | 3,780.50 |
| Gross Profit | - | 1,471.60 | 1,877 | 1,905.60 | 2,064.10 |
| Operating Expense | - | 762.50 | 849.60 | 812.50 | 855.30 |
| Selling General And Administration | - | 762.50 | 849.60 | 812.50 | 855.30 |
| Total Expenses | - | 4,238.80 | 4,345.50 | 4,535.40 | 4,635.80 |
| Operating Income | - | 709.10 | 1,027.40 | 1,093.10 | 1,208.80 |
| Total Operating Income As Reported | - | 709.10 | 1,027.40 | 1,093.10 | 1,208.80 |
| EBITDA | - | 855.10 | 1,158.60 | 1,292.70 | 1,389.30 |
| Normalized EBITDA | - | 855.10 | 1,158.60 | 1,298 | 1,389.70 |
| EBIT | - | 706.60 | 1,008.90 | 1,080.60 | 1,183.20 |
| Interest Expense | - | 49.60 | 36.70 | 73.80 | 64.10 |
| Net Interest Income | - | -49.60 | -36.70 | -73.80 | -64.10 |
| Other Non Operating Income Expenses | - | -2.50 | -18.50 | -7.20 | -25.20 |
| Other Income Expense | - | -2.50 | -18.50 | -12.50 | -25.60 |
| Interest Expense Non Operating | - | 49.60 | 36.70 | 73.80 | 64.10 |
| Net Non Operating Interest Income Expense | - | -49.60 | -36.70 | -73.80 | -64.10 |
| Pretax Income | - | 657 | 972.20 | 1,006.80 | 1,119.10 |
| Tax Provision | - | 140.20 | 214.60 | 222.10 | 227.20 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -1.17 | -0.08 |
| Net Income Continuous Operations | - | 516.80 | 757.60 | 784.70 | 891.90 |
| Net Income From Continuing And Discontinued Operation | - | 545.90 | 751.40 | 779 | 887.10 |
| Net Income From Continuing Operation Net Minority Interest | - | 511.30 | 751.40 | 779 | 887.10 |
| Net Income | - | 545.90 | 751.40 | 779 | 887.10 |
| Net Income Common Stockholders | - | 544.50 | 749.60 | 777.50 | 885.60 |
| Net Income Including Noncontrolling Interests | - | 551.40 | 757.60 | 784.70 | 891.90 |
| Normalized Income | - | 511.30 | 751.40 | 783.13 | 887.42 |
| Diluted NI Availto Com Stockholders | - | 544.50 | 749.60 | 777.50 | 885.60 |
| Basic Average Shares | - | 53.70 | 53.60 | 53.70 | 53.20 |
| Diluted Average Shares | - | 54.10 | 54 | 54 | 53.50 |
| Reconciled Depreciation | - | 148.50 | 149.70 | 212.10 | 206.10 |
| Reconciled Cost Of Revenue | - | 3,476.30 | 3,495.90 | 3,722.90 | 3,780.50 |
| Total Unusual Items | - | 0 | 0 | -5.30 | -0.40 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | -5.30 | -0.40 |
| Minority Interests | - | -5.50 | -6.20 | -5.70 | -4.80 |
| Net Income Discontinuous Operations | 34.50 | 34.60 | 0 | 0 | - |
| Special Income Charges | - | 0 | 0 | -5.30 | -0.40 |
| Gain On Sale Of Business | - | 0 | 0 | -5.30 | -0.40 |
| Other Special Charges | 16.80 | - | - | - | - |
| General And Administrative Expense | 619.20 | 769.50 | 849.60 | - | - |
| Other Gand A | 619.20 | 762.50 | 849.60 | - | - |
| Salaries And Wages | 0 | 7 | 0 | - | - |
| Otherunder Preferred Stock Dividend | - | 1.40 | 1.80 | 1.50 | 1.50 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hubbell Incorporatedthis co. | HUBB | $25.6B | 28.91 | 6.66 | 23.1% | 19.90 |
| Dover Corporation | DOV | $28.7B | 26.28 | 3.88 | 14.8% | 16.44 |
| Copart, Inc. | CPRT | $28.5B | 18.35 | 3.10 | 16.9% | 13.48 |
| Ingersoll Rand Inc. | IR | $28.2B | 48.47 | 2.79 | 5.8% | 18.75 |
| Otis Worldwide Corporation | OTIS | $26.8B | 19.37 |
| - |
| - |
| - |
| - |
| - |
| -4.97 |
| -25.7% |
| 14.29 |
| J.B. Hunt Transport Services, Inc. | JBHT | $26.7B | 44.65 | 7.49 | 16.8% | 17.78 |
| Xylem Inc. | XYL | $26.2B | 27.37 | 2.28 | 8.3% | 15.00 |
| Verisk Analytics, Inc. | VRSK | $23.6B | 25.96 | 76.32 | 293.9% | 15.76 |
| C.H. Robinson Worldwide, Inc. | CHRW | $21.8B | 37.06 | 11.79 | 31.8% | 25.61 |
| Peer Median | - | 26.82 | 3.49 | 15.8% | 16.10 | |