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Maker of electrical and utility grid equipment — connectors, wiring devices, transmission hardware — for utilities and construction.
Maker of electrical and utility grid equipment — connectors, wiring devices, transmission hardware — for utilities and construction.
Sells through distributors and directly to utilities, which buy its products to build and repair power lines and substations, so utility spending plans matter more than housing. The Utility Solutions side is now the larger earner, after it sold much of its commercial lighting business in recent years to focus on grid components.
Moat: narrow (brand, distribution, installed base). Long-standing utility/contractor relationships and broad distributor network for grid hardware.
Headquarters: Shelton, Connecticut, US · Founded: 1888 · Employees: 18,000
Size Hubbell (HUBB) is a United States Industrials company (Electrical Products) with a market value of $22.7B, the 457th largest of 3,117 United States companies the cockpit tracks. Shares closed at $429.45 on 6 Nov 2026.
Performance Over six months the shares fell 12.6%, against -27.0% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 16.0% over the last twelve months (peer median +22.6%); the operating margin is 20.9% (peer median 11.0%).
Valuation It trades at 19.1× forward earnings against a peer median of 20.8× (9th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.6 points above its cost of capital (8.4% WACC).
Credit Hubbell has 7 bonds outstanding ($3.35B), rated BBB+ by the agencies and trading like A at a weighted spread of 73 bp.
Short interest Short interest is 5.0% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.59B | $5.84B | $5.63B | $5.37B | $4.95B |
| Revenue growth | — | +4% | +5% | +9% | — |
| Gross profit | $2.34B | $2.07B | $1.91B | $1.89B | $1.48B |
| EBITDA | $1.66B | $1.43B | $1.33B | $1.19B | $864M |
| Net income | $908M | $886M | $778M | $758M | $544M |
| Free cash flow | $928M | $875M | $811M | $715M | $454M |
| Capital expenditure | $178M | $155M | $180M | $166M | $129M |
| Total debt | $5.31B | $2.49B | $1.72B | $2.29B | $1.56B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hubbell HUBB | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% |
| Eaton ETN | $133B | -15% | +20% | 19% | 21.4× | 19.1% |
| Emerson Electric EMR | $90.6B | +15% | +5% | 21% | 22.3× | 19.9% |
| Schneider Electric SU.PA | $151B | -16% | +7% | 18% | 22.2× | 18.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HUBB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.7% | -6.4% | 9th lowest of 21 |
| 6-month return | -12.6% | -27.0% | 8th highest of 21 |
| Distance from 52-week high | -23.8% | -36.4% | 7th highest of 21 |
| Revenue growth (TTM) | +16.0% | +22.6% | 8th lowest of 21 |
| Operating margin | 20.9% | 11.0% | 5th highest of 21 |
| Forward P/E | 19.1× | 20.8× | 9th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 10.5% | 18.1% | 4th least demanding of 13 |
| Growth delivered (Del g) | +9.7% | +14.3% | 2nd lowest of 13 |
| Hurdle (Req g minus delivered) | +0.8 pp | +5.1 pp | 6th least demanding of 13 |
| ROIC minus cost of capital | +3.6 pp | +4.2 pp | 10th lowest of 21 |
| EV / EBITDA | 16.7× | 31.1× | 3rd cheapest of 9 |
| Net debt / EBITDA | 3.0× | -0.4× | most indebted of 9 |
| Bond spread | 73 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hubbell HUBB | United States | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% | +9.7% |
| Sungrow Power Supply 300274.SZ | China | $25.3B | -40% | -24% | 12% | 14.9× | 12.1% | +35.8% |
| Shengyi Technology 600183.SS | China | $25.7B | -8% | +56% | 22% | 20.3× | 20.5% | +14.1% |
| Yangtze Optical Fibre & Cable Joint Stock 601869.SS | China | $19.8B | -32% | +68% | 34% | 23.8× | 15.7% | +11.6% |
| Samsung Sdi 006400.KS | South Korea | $26.8B | -33% | +21% | 0% | 45.9× | n/a | n/a |
| NARI Technology 600406.SS | China | $28.6B | -8% | +12% | 13% | 21.7× | 2.5% | +11.4% |
| EVE Energy 300014.SZ | China | $17.0B | -28% | +51% | 6% | 15.5× | n/a | n/a |
| Vestas Wind Systems A/S VWS.CO | Denmark | $31.0B | +8% | +10% | 7% | 21.3× | 0.5% | +4.9% |
| Fujikura 5803.T | Japan | $33.0B | -50% | +28% | 19% | 14.3× | 28.9% | +12.9% |
| Zangge Mining 000408.SZ | China | $15.5B | -26% | +35% | 51% | 12.5× | 22.0% | +13.4% |
| Bharat Heavy Electricals BHEL.NS | India | $15.4B | +3% | +29% | 9% | 41.2× | 44.1% | +14.6% |
| Ningbo Deye Technology 605117.SS | China | $15.3B | -26% | +71% | 27% | 17.3× | 7.9% | +32.1% |
| ABB India ABB.NS | India | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% | +17.8% |
| Prysmian PRY.MI | Italy | $33.9B | -35% | +17% | 8% | 20.2× | 13.1% | +14.4% |
| Hengtong Optic-Electric 600487.SS | China | $14.9B | -38% | +21% | 9% | 11.8× | n/a | n/a |
| TBEA 600089.SS | China | $14.2B | -29% | +12% | 6% | 15.2× | n/a | n/a |
| Siemens SIEMENS.NS | India | $13.4B | -8% | -12% | 9% | 72.7× | n/a | n/a |
| Dongfang Electric 1072.HK | Hong Kong | $13.1B | -56% | +7% | 5% | 10.4× | n/a | n/a |
| CG Power & Industrial Solutions CGPOWER.NS | India | $12.9B | -10% | +24% | 12% | 72.3× | n/a | n/a |
| Ls Electric 010120.KS | South Korea | $12.8B | -58% | +32% | 10% | 31.6× | 21.9% | +15.6% |
| Polycab India POLYCAB.NS | India | $12.5B | -13% | +41% | 13% | 33.8× | n/a | n/a |
Hubbell has 7 bonds outstanding with $3.35B face value. The agencies rate it BBB+; its bonds trade like A. Weighted yield 5.40%, a spread of 73 bp over government bonds.