Hubbell (HUBB)


Market Price (8/9/2026): $514.01 | Market Cap: $27.2 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

Hubbell (HUBB)


Market Price (8/9/2026): $514.01
Market Cap: $27.2 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%

Low stock price volatility
Vol 12M is 32%

Megatrend and thematic drivers
Megatrends include Smart Grids & Grid Modernization, Sustainable Infrastructure, and Electric Vehicles & Autonomous Driving. Themes include Smart Grid Technologies, Show more.

Weak multi-year price returns
2Y Excs Rtn is -1.2%, 3Y Excs Rtn is -1.3%

Key risks
HUBB key risks include [1] increased costs and supply chain disruptions from shifting trade policies with key partners like Canada, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
1 Low stock price volatility
Vol 12M is 32%
2 Megatrend and thematic drivers
Megatrends include Smart Grids & Grid Modernization, Sustainable Infrastructure, and Electric Vehicles & Autonomous Driving. Themes include Smart Grid Technologies, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -1.2%, 3Y Excs Rtn is -1.3%
4 Key risks
HUBB key risks include [1] increased costs and supply chain disruptions from shifting trade policies with key partners like Canada, Show more.

HUBB in ETFs

Weight = HUBB's share of each fund

SPY0.04%
VOO0.04%
IVV0.04%
VTI0.04%
ITOT0.03%
IWB0.04%
RSP0.19%
VTV0.05%
+30 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/4/2026

Hubbell (HUBB) stock has remained largely at the same level since 4/30/2026 because of the following key factors:

1. Robust Operational Performance and Upgraded Outlook Countered Downward Pressures.

Hubbell delivered strong financial results, consistently beating analyst expectations in both fiscal Q1 and Q2 2026. For fiscal Q2 2026 (ended June 30, 2026), adjusted diluted EPS grew 12% year-over-year to $5.52, exceeding the consensus estimate of $5.38 by 2.6%. Net sales increased 15% year-over-year to $1.71 billion, surpassing estimates of $1.67 billion by 2.8%. This performance was driven by 10% organic growth, with significant contributions from data center sales (surging approximately 65%) and grid infrastructure. Management subsequently raised its full-year 2026 adjusted EPS guidance to a range of $20.25-$20.55 and its total sales growth outlook to 16-18%. This strong operational execution and improved outlook provided fundamental support, preventing a significant decline in the stock price.

2. Elevated Valuation Concerns Limited Upward Movement.

Despite Hubbell's strong earnings beats and raised guidance in both fiscal Q1 (reported April 30, 2026) and fiscal Q2 2026 (reported July 28, 2026), the stock experienced pullbacks. Shares tumbled 6.03% in premarket trading on April 30, 2026, and declined 2.48% on July 28, 2026, due to market sensitivity to the company's "elevated valuation concerns" and "premium valuation". With shares trading at a P/E ratio of 29, the market perceived the stock as overvalued, which capped its potential for significant upward movement despite positive fundamentals.

Show more
Updated on 8/4/2026

Hubbell (HUBB) stock has remained largely at the same level since 4/30/2026 because of the following key factors:

1. Robust Operational Performance and Upgraded Outlook Countered Downward Pressures.

Hubbell delivered strong financial results, consistently beating analyst expectations in both fiscal Q1 and Q2 2026. For fiscal Q2 2026 (ended June 30, 2026), adjusted diluted EPS grew 12% year-over-year to $5.52, exceeding the consensus estimate of $5.38 by 2.6%. Net sales increased 15% year-over-year to $1.71 billion, surpassing estimates of $1.67 billion by 2.8%. This performance was driven by 10% organic growth, with significant contributions from data center sales (surging approximately 65%) and grid infrastructure. Management subsequently raised its full-year 2026 adjusted EPS guidance to a range of $20.25-$20.55 and its total sales growth outlook to 16-18%. This strong operational execution and improved outlook provided fundamental support, preventing a significant decline in the stock price.

2. Elevated Valuation Concerns Limited Upward Movement.

Despite Hubbell's strong earnings beats and raised guidance in both fiscal Q1 (reported April 30, 2026) and fiscal Q2 2026 (reported July 28, 2026), the stock experienced pullbacks. Shares tumbled 6.03% in premarket trading on April 30, 2026, and declined 2.48% on July 28, 2026, due to market sensitivity to the company's "elevated valuation concerns" and "premium valuation". With shares trading at a P/E ratio of 29, the market perceived the stock as overvalued, which capped its potential for significant upward movement despite positive fundamentals.

3. Strategic Acquisition Introduced Debt and Slight Margin Compression.

Hubbell completed the $3.0 billion acquisition of NSI Industries on June 9, 2026, a move expected to be accretive to adjusted EPS by approximately $0.20 in 2026 and $0.80 in 2027, and contribute 5 percentage points to Q2 2026 sales growth. While strategically beneficial, the acquisition was financed through a combination of a term loan, bond offering, and commercial paper, increasing Hubbell's pro forma net debt-to-EBITDA leverage to about 2.9 times. Additionally, the adjusted operating profit margin slightly compressed to 23.9% in fiscal Q2 2026 from 24.4% in the prior year period, reflecting acquisition-related costs and restructuring investments. The immediate financial implications of the large acquisition, particularly increased debt and margin compression, likely contributed to investor caution, offsetting some of the positive sentiment from strong operational results.

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Stock Movement Drivers

Fundamental Drivers

The 1.4% change in HUBB stock from 4/30/2026 to 8/8/2026 was primarily driven by a 6.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020268082026Change
Stock Price ($)506.65513.991.4%
Change Contribution By: 
Total Revenues ($ Mil)5,8456,2246.5%
Net Income Margin (%)15.2%14.5%-4.5%
P/E Multiple30.230.1-0.2%
Shares Outstanding (Mil)53530.0%
Cumulative Contribution1.4%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/8/2026
ReturnCorrelation
HUBB1.4% 
Market (SPY)7.6%38.6%
Sector (XLI)6.1%63.6%

Fundamental Drivers

The 5.9% change in HUBB stock from 1/31/2026 to 8/8/2026 was primarily driven by a 9.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120268082026Change
Stock Price ($)485.16513.995.9%
Change Contribution By: 
Total Revenues ($ Mil)5,6866,2249.5%
Net Income Margin (%)15.1%14.5%-4.3%
P/E Multiple29.930.10.8%
Shares Outstanding (Mil)53530.4%
Cumulative Contribution5.9%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/8/2026
ReturnCorrelation
HUBB5.9% 
Market (SPY)12.1%42.9%
Sector (XLI)12.2%60.4%

Fundamental Drivers

The 18.9% change in HUBB stock from 7/31/2025 to 8/8/2026 was primarily driven by a 10.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120258082026Change
Stock Price ($)432.26513.9918.9%
Change Contribution By: 
Total Revenues ($ Mil)5,6266,22410.6%
Net Income Margin (%)14.8%14.5%-2.0%
P/E Multiple27.630.19.0%
Shares Outstanding (Mil)53530.6%
Cumulative Contribution18.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/8/2026
ReturnCorrelation
HUBB18.9% 
Market (SPY)23.4%50.2%
Sector (XLI)23.1%64.5%

Fundamental Drivers

The 71.3% change in HUBB stock from 7/31/2023 to 8/8/2026 was primarily driven by a 20.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120238082026Change
Stock Price ($)300.09513.9971.3%
Change Contribution By: 
Total Revenues ($ Mil)5,1876,22420.0%
Net Income Margin (%)12.2%14.5%18.9%
P/E Multiple25.430.118.5%
Shares Outstanding (Mil)54531.3%
Cumulative Contribution71.3%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/8/2026
ReturnCorrelation
HUBB71.3% 
Market (SPY)74.9%60.0%
Sector (XLI)74.7%68.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HUBB Return36%15%42%29%7%15%254%
Peers Return23%-1%11%6%35%15%121%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
HUBB Win Rate58%50%58%67%58%62% 
Peers Win Rate69%44%48%50%67%62% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
HUBB Max Drawdown-14%-17%-20%-16%-31%-17% 
Peers Max Drawdown-17%-31%-28%-17%-25%-21% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ROK, TDY, VMI, ENS, CEPL. See HUBB Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)

How Low Can It Go

EventHUBBS&P 500
2025 US Tariff Shock
  % Loss-19.2%-18.8%
  % Gain to Breakeven23.8%23.1%
  Time to Breakeven42 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-14.9%-9.5%
  % Gain to Breakeven17.5%10.5%
  Time to Breakeven42 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-15.6%-24.5%
  % Gain to Breakeven18.4%32.4%
  Time to Breakeven39 days427 days
2020 COVID-19 Crash
  % Loss-40.6%-33.7%
  % Gain to Breakeven68.3%50.9%
  Time to Breakeven142 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-28.6%-19.2%
  % Gain to Breakeven40.0%23.8%
  Time to Breakeven130 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-19.5%-12.2%
  % Gain to Breakeven24.3%13.9%
  Time to Breakeven92 days62 days

Compare to ROK, TDY, VMI, ENS, CEPL

In The Past

Hubbell's stock fell -19.2% during the 2025 US Tariff Shock. Such a loss loss requires a 23.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventHUBBS&P 500
2020 COVID-19 Crash
  % Loss-40.6%-33.7%
  % Gain to Breakeven68.3%50.9%
  Time to Breakeven142 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-28.6%-19.2%
  % Gain to Breakeven40.0%23.8%
  Time to Breakeven130 days105 days
2014-2016 Oil Price Collapse
  % Loss-30.3%-6.8%
  % Gain to Breakeven43.5%7.3%
  Time to Breakeven438 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-26.6%-17.9%
  % Gain to Breakeven36.2%21.8%
  Time to Breakeven58 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-20.2%-15.4%
  % Gain to Breakeven25.4%18.2%
  Time to Breakeven29 days125 days
2008-2009 Global Financial Crisis
  % Loss-59.6%-53.4%
  % Gain to Breakeven147.2%114.4%
  Time to Breakeven402 days1085 days

Compare to ROK, TDY, VMI, ENS, CEPL

In The Past

Hubbell's stock fell -19.2% during the 2025 US Tariff Shock. Such a loss loss requires a 23.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Hubbell (HUBB)

Hubbell Incorporated designs, manufactures, and sells a broad range of electrical and electronic products primarily for industrial, commercial, and utility applications globally. The company operates through two main segments: Electrical Solution and Utility Solution, catering to distinct yet interconnected market needs within the electrical infrastructure landscape.

The Electrical Solution segment provides a comprehensive portfolio of products, including standard and special application wiring devices, rough-in electrical products, connectors, lighting fixtures, and industrial controls. These products are essential for various industrial, commercial, and institutional facilities, serving electrical contractors, maintenance personnel, and electricians. This segment also supplies components for the natural gas distribution market and communication systems for industrial sectors like oil & gas and mining.

Complementing its electrical offerings, the Utility Solution segment focuses on critical infrastructure products for power distribution, transmission, substations, and telecommunications. Key products include arresters, insulators, connectors, smart meters, and communication systems, vital for maintaining and upgrading utility grids. Primary customers for this segment are utilities, telecommunication companies, industrial firms, and construction and engineering firms, ensuring the reliable delivery of power and communications.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Hubbell:

  • Hubbell is like Eaton or Schneider Electric for the essential electrical and utility infrastructure products that power homes, businesses, and grids.
  • Hubbell is like the industrial-grade electrical components division of Siemens or ABB, providing critical parts for buildings and power grids.

AI Analysis | Feedback

  • Wiring Devices & Rough-in Electrical Products: Offers standard and special application wiring devices along with electrical products used during the initial phase of construction.
  • Connectors & Grounding Products: Provides essential components for electrical connections and ensuring safe grounding systems.
  • Lighting Fixtures: Manufactures various fixtures for illumination in industrial, commercial, and institutional environments.
  • Industrial Controls & Communication Systems: Designs and produces systems for controlling industrial processes and facilitating communication in non-residential and industrial markets.
  • Utility Distribution & Transmission Products: Supplies products like arresters, insulators, connectors, and enclosures vital for electrical power distribution and transmission infrastructure.
  • Smart Grid & Utility Infrastructure Products: Develops smart meters, advanced communication systems, and protection devices for modern utility grids.
  • Natural Gas Distribution Components: Provides specific components and assemblies utilized within the natural gas distribution market.

AI Analysis | Feedback

Hubbell (HUBB) primarily sells its products to other companies and organizations, operating on a business-to-business (B2B) model. Its major customers fall into several key categories:

  • Utilities: This includes electrical, natural gas distribution, and telecommunications utilities, which are direct users of Hubbell's electrical, electronic, and utility infrastructure products for their operations, transmission, and distribution networks.

  • Distributors and Resellers: Hubbell sells its products extensively through a network of intermediaries, including electrical and industrial distributors, wholesale distributors, home centers, retail and hardware outlets, lighting showrooms, and residential product-oriented Internet sites. These channels serve to reach a broad base of end-users.

  • Industrial, Commercial, and Institutional Clients & Contractors: This broad category encompasses a diverse range of direct customers such as industrial firms, commercial facilities, institutional facilities, electrical contractors, construction and engineering firms, original equipment manufacturers (OEMs), and companies within the oil and gas, and mining industries. These customers utilize Hubbell's products for wiring, lighting, controls, and other electrical and electronic applications.

AI Analysis | Feedback

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AI Analysis | Feedback

Gerben W. Bakker, President and Chief Executive Officer

Gerben W. Bakker joined Hubbell in 1988 as a manufacturing engineer and has held positions of increasing leadership in both the company's utility and electrical segments. He served as President of Hubbell Power Systems from 2014 to 2019, during which time he oversaw a period of strong performance and led key acquisitions, including Aclara in 2018. He was appointed President and Chief Operating Officer in June 2019, then became President and Chief Executive Officer and a Director in October 2020. In May 2021, he was appointed Chairman of the Board. Mr. Bakker brings extensive financial, operational, and strategic planning experience to his role. He also serves on the Board of Trustees at Manufacturers Alliance and as a Director for Regal Rexnord Corporation since February 2025.

Joseph A. Capozzoli, Senior Vice President, Chief Financial Officer

Joseph A. Capozzoli assumed the role of Senior Vice President and Chief Financial Officer effective January 1, 2026. He joined Hubbell in April 2013 as Vice President, Controller and served as the company's Principal Accounting Officer until January 2021. Subsequently, he held the position of Vice President, Business Transformation from 2021 to 2023, and most recently served as the Vice President, Finance for the Electrical Solutions segment. Before his tenure at Hubbell, Mr. Capozzoli accumulated over 15 years of leadership experience in major multinational corporations, including serving as Assistant Corporate Controller of Stanley Black & Decker. He is a Certified Public Accountant and holds an MBA in Finance from Villanova University and a Bachelor of Science degree in Business Administration from LaSalle University.

Gregory A. Gumbs, President, Utility Solutions Segment

Gregory A. Gumbs became President of Hubbell's Utility Solutions Segment in July 2023. Prior to joining Hubbell, he served as President and CEO of Bosch Rexroth North America from 2020 to 2023. His background also includes various senior leadership positions at Eaton Electrical and Rockwell Automation, providing him with deep experience in the electrical and automation industries.

Mark E. Mikes, President, Electrical Solutions Segment

Mark E. Mikes was appointed President of the Electrical Solutions Segment in June 2023. He has a long and extensive career with Hubbell, spanning over thirty years in various roles. Prior to his current role, he led Hubbell Power Systems (HPS) for several years, where he played a significant leadership role in integrating a diverse portfolio of acquired utility businesses under a unified structure.

Katherine A. Lane, Executive Vice President, General Counsel and Secretary

Katherine A. Lane has served as Executive Vice President, General Counsel and Secretary of Hubbell since June 2019. She joined Hubbell in 2010 and has held several legal leadership positions within the company, including Vice President, Acting General Counsel and Secretary; Vice President, Associate General Counsel; Vice President, Legal for Hubbell Commercial & Industrial; Senior Counsel for Hubbell Electrical Systems; and Corporate General Attorney. Ms. Lane is responsible for leading the company's legal, compliance, and risk organizations. She earned her bachelor's degree from Boston College and her law degree from the UConn School of Law. She also serves as a Director for Hubbell Ltd., Chalmit Lighting Ltd., and Aclara Meters UK Ltd., and previously served as Secretary & Director at Armorcast Products Co., Inc.

AI Analysis | Feedback

Here are the key risks to Hubbell (HUBB):

  1. Exposure to Cyclical Economic Conditions and End Markets: Hubbell's business is highly sensitive to overall economic conditions, including inflation, slowdowns, and recessions, which can lead to reduced orders and impact financial performance. The company's reliance on construction, industrial, and utility projects makes it vulnerable to economic cycles affecting demand in these sectors.
  2. Inflation and Volatility in Raw Material Costs: Hubbell has experienced significant inflation across its business, with increased costs for materials, which may not always be offset by pricing actions, potentially eroding profitability. The company faces challenges from volatile prices for critical raw materials such as copper and aluminum.
  3. Intense Competition and the Need for Continuous Innovation: Hubbell operates in a highly competitive industry where product performance, reliability, quality, and technological innovation are crucial. The company's ability to effectively develop and introduce new products is key to its competitive strategy; a failure to do so could adversely affect its market position.

AI Analysis | Feedback

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AI Analysis | Feedback

Hubbell Incorporated (HUBB) operates in several significant addressable markets for its electrical and utility solutions.

Electrical Solution Segment

  • Wiring Devices: The global wiring devices market size was estimated at approximately USD 59.04 billion in 2024 and is projected to reach USD 104.05 billion by 2034, growing at a CAGR of 5.83% from 2025 to 2034. For North America, the market size was USD 22.60 billion in 2024.
  • Lighting Fixtures: The global lighting fixtures market was valued at USD 134.89 billion in 2025 and is projected to grow to USD 221.39 billion by 2034, exhibiting a CAGR of 5.66% from 2026 to 2034. Another estimate places the global market at approximately USD 107 billion in 2024. The U.S. lighting fixtures market was worth approximately USD 20 billion in 2025.
  • Industrial Controls and Automation Systems: The global industrial automation and control systems market was estimated at USD 226.76 billion in 2025 and is projected to reach USD 504.38 billion by 2033, growing at a CAGR of 10.5% from 2026 to 2033. Another source estimates the global industrial control systems market size at USD 210.11 billion in 2025, poised to grow to USD 412.56 billion by 2033, at a CAGR of 8.8% from 2026 to 2033. North America accounted for 35.6% of the global Industrial Control Systems market in 2023.
  • Electrical Connectors: The global electrical connectors market was valued at USD 82.2 billion in 2023 and is projected to reach USD 141.1 billion by 2032, growing at a CAGR of 6.3% from 2024 to 2032. Another report indicates a global market size of approximately USD 85 billion in 2023, anticipated to escalate to over USD 130 billion by 2032. North America holds a significant share of the global electrical connectors market.

Utility Solution Segment

  • Smart Meters: The global smart meters market was valued at USD 24.01 billion in 2024 and is projected to reach USD 56.85 billion by 2035, growing at a CAGR of 8.15% from 2025 to 2035. The U.S. smart meter market was estimated at USD 4.37 billion in 2024 and is projected to reach USD 8.50 billion by 2033, growing at a CAGR of 7.6% from 2025 to 2033.
  • Power Transmission and Distribution Equipment: The global power transmission and distribution market generated a revenue of USD 342.64 billion in 2024 and is expected to reach USD 432.23 billion by 2030, growing at a CAGR of 4% from 2025 to 2030. The Transmission and Distribution Equipment Market size is estimated at USD 575.19 billion in 2026 and is expected to reach USD 813.16 billion by 2031, at a CAGR of 7.17% during the forecast period (2026-2031). North America accounted for 28.6% of the global power transmission and distribution market in 2024.

AI Analysis | Feedback

Hubbell Incorporated (HUBB) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:

  1. Utility Infrastructure Investments and Grid Modernization: Hubbell's Utility Solutions segment is poised to benefit significantly from ongoing investments in utility infrastructure. This includes projects related to transmission and distribution hardening, wildfire mitigation, storm hardening, and substation automation. The broader trend of grid modernization and electrification, driven by increased load and the integration of renewable energy sources, is expected to create a long-term investment cycle, supporting steady demand for Hubbell's utility components and solutions.

  2. Data Center Capital Expenditure Growth: Strong and sustained demand from data center projects is a significant growth driver for both Hubbell’s Electrical Solutions and Utility Solutions segments. The company's long-cycle modular power distribution business is reported to be fully booked for 2026, with new orders shifting focus to 2027-2028, indicating continued momentum in this market.

  3. Industrial Reshoring and US Manufacturing Activity: The trend of industrial reshoring and increased manufacturing activity within the United States is expected to drive demand for Hubbell's diverse product portfolio. This includes industrial products such as power quality systems, wiring systems, and controls, as well as utility-level components required for new factory builds and electrification retrofits within industrial facilities.

  4. Strategic Acquisitions and Divestitures: Hubbell actively manages its portfolio through strategic acquisitions and divestitures to enhance its focus on high-growth and high-margin areas. Recent actions, such as the successful integration of the Systems Control acquisition and the divestiture of the Residential Lighting business, are aimed at optimizing the company's offerings and are expected to contribute positively to future growth and improved financial performance. Acquisitions, for instance, contributed positively to sales growth in the first quarter of 2024.

  5. Pricing and Productivity Initiatives: Consistent execution of pricing discipline and ongoing productivity improvements are key internal drivers contributing to revenue growth and margin expansion. Hubbell anticipates positive contributions from price/cost/productivity, which helps offset cost inflation and allows for continued investment in growth initiatives, thereby supporting the overall revenue trajectory.

AI Analysis | Feedback

Share Repurchases

  • Hubbell’s annual share buybacks were $225 million in 2025, $40 million in 2024, and $30 million in 2023.
  • A new share repurchase program of up to $500 million was approved in February 2025, effective until February 2028.
  • This new program supplements an existing authorization, which had $260 million remaining as of December 31, 2024, and is set to expire in October 2025.

Share Issuance

  • No specific dollar amounts for share issuances were found for the period.

Outbound Investments

  • In October 2023, Hubbell entered into an agreement to acquire Northern Star Holdings Inc. (Systems Control) for $1.1 billion to enhance its Utility Solutions portfolio.
  • Hubbell completed the sale of its Commercial and Industrial (C&I) Lighting business to GE Current, a Daintree company, for $350 million in the first quarter of 2022, following an October 2021 agreement.
  • Hubbell agreed to sell its Residential Lighting business for $131 million, with the transaction closing in the first quarter of 2024.

Capital Expenditures

  • Capital expenditures were $180 million in 2024, $165.7 million in 2023, $129.3 million in 2022, and $90.2 million in 2021.
  • Expected capital expenditures for 2025 are $155.1 million.
  • In 2024, capital expenditures were focused on driving future growth and productivity within the company's facilities.

Better Bets vs. Hubbell (HUBB)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

HUBBROKTDYVMIENSCEPLMedian
NameHubbell Rockwell.Teledyne.Valmont .EnerSys Capstone. 
Mkt Price513.99441.04691.30493.64191.728.59467.34
Mkt Cap27.249.032.09.67.0-27.2
Rev LTM6,2248,9736,3744,2323,7511065,228
Op Inc LTM1,2541,7721,2405864773913
FCF LTM9011,5041,142322468-3684
FCF 3Y Avg7961,2901,017377326-796
CFO LTM1,0681,7321,271475548-3808
CFO 3Y Avg9661,5081,125493422-966

Growth & Margins

HUBBROKTDYVMIENSCEPLMedian
NameHubbell Rockwell.Teledyne.Valmont .EnerSys Capstone. 
Rev Chg LTM10.6%11.3%7.9%3.8%3.7%23.9%9.2%
Rev Chg 3Y Avg6.3%1.7%4.5%-0.7%0.4%13.9%3.1%
Rev Chg Q15.3%7.9%9.8%6.5%1.3%-15.0%7.2%
QoQ Delta Rev Chg LTM3.8%1.9%2.4%1.6%0.4%-3.7%1.8%
Op Inc Chg LTM10.1%41.8%12.9%16.4%-1.5%160.9%14.7%
Op Inc Chg 3Y Avg11.2%5.7%6.9%7.7%18.2%68.7%9.4%
Op Mgn LTM20.2%19.7%19.4%13.9%12.7%3.2%16.6%
Op Mgn 3Y Avg19.6%17.1%18.8%12.8%12.4%-8.9%14.9%
QoQ Delta Op Mgn LTM-0.6%0.8%0.4%0.7%-0.0%0.2%0.3%
CFO/Rev LTM17.2%19.3%19.9%11.2%14.6%-2.4%15.9%
CFO/Rev 3Y Avg16.6%17.5%18.9%11.9%11.5%-16.6%
FCF/Rev LTM14.5%16.8%17.9%7.6%12.5%-3.2%13.5%
FCF/Rev 3Y Avg13.7%15.0%17.1%9.2%8.9%-13.7%

Valuation

HUBBROKTDYVMIENSCEPLMedian
NameHubbell Rockwell.Teledyne.Valmont .EnerSys Capstone. 
Mkt Cap27.249.032.09.67.0-27.2
P/S4.45.55.02.31.9-4.4
P/Op Inc21.727.725.816.314.8-21.7
P/EBIT22.133.725.716.317.7-22.1
P/E30.140.832.819.924.0-30.1
P/CFO25.528.325.220.112.8-25.2
Total Yield4.4%3.7%3.0%5.6%4.7%-4.4%
Dividend Yield1.1%1.2%0.0%0.6%0.5%-0.6%
FCF Yield 3Y Avg3.5%3.2%4.3%5.4%6.1%-4.3%
D/E0.20.10.10.10.2-0.1
Net D/E0.20.10.10.10.1-0.1

Returns

HUBBROKTDYVMIENSCEPLMedian
NameHubbell Rockwell.Teledyne.Valmont .EnerSys Capstone. 
1M Rtn5.9%-5.7%9.5%-9.7%-7.1%-23.0%-6.4%
3M Rtn4.7%-2.5%11.3%-3.2%-16.5%-23.0%-2.9%
6M Rtn2.6%7.0%6.8%4.6%11.6%-23.0%5.7%
12M Rtn24.3%34.2%26.6%35.0%101.9%-23.0%30.4%
3Y Rtn74.7%52.6%80.4%102.1%91.6%-23.0%77.6%
1M Excs Rtn3.1%-8.5%6.6%-12.5%-9.9%-25.8%-9.2%
3M Excs Rtn-1.2%-7.1%3.9%-8.7%-19.6%-28.7%-7.9%
6M Excs Rtn-8.1%-5.0%-4.1%-6.4%6.6%-37.1%-5.7%
12M Excs Rtn0.5%13.8%3.7%12.7%89.6%-45.2%8.2%
3Y Excs Rtn-1.3%-19.5%8.8%22.2%12.5%-94.8%3.8%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Utility Solutions3,6723,6013,2622,8712,334
Electrical Solutions2,1722,0282,1112,0771,860
Total5,8455,6285,3734,9484,194


Operating Income by Segment
$ Mil20252024202320222021
Utility Solutions790732698438284
Electrical Solutions419361329271248
Total1,2091,0931,027709532


Assets by Segment
$ Mil20252024202320222021
Utility Solutions5,6044,5694,6903,0122,824
Electrical Solutions2,2391,9432,0011,9732,142
General Corporate386335390418316
Total8,2296,8487,0815,4035,282


Price Behavior

Price Behavior
Market Price$513.99 
Market Cap ($ Bil)27.2 
First Trading Date12/29/2006 
Distance from 52W High-7.6% 
   50 Days200 Days
DMA Price$490.88$480.92
DMA Trendupdown
Distance from DMA4.7%6.9%
 3M1YR
Volatility36.8%31.8%
Downside Capture125.72138.97
Upside Capture119.96131.94
Correlation (SPY)42.0%50.2%
HUBB Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta1.101.070.871.011.191.20
Up Beta1.340.290.151.080.851.19
Down Beta-0.451.040.971.131.161.03
Up Capture76%141%76%79%140%214%
Bmk +ve Days11223567138427
Stock +ve Days10253268135402
Down Capture225%125%128%108%125%107%
Bmk -ve Days11212859114326
Stock -ve Days12183158117351

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HUBB
HUBB22.9%31.7%0.67-
Sector ETF (XLI)24.1%17.0%1.1064.2%
Equity (SPY)23.3%12.8%1.3650.2%
Gold (GLD)28.5%28.4%0.8717.7%
Commodities (DBC)32.9%19.8%1.32-15.4%
Real Estate (VNQ)14.2%13.8%0.727.7%
Bitcoin (BTCUSD)-43.7%43.0%-1.2120.4%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HUBB
HUBB22.6%29.8%0.71-
Sector ETF (XLI)14.0%17.6%0.6267.3%
Equity (SPY)13.5%17.2%0.6159.0%
Gold (GLD)18.6%18.6%0.819.5%
Commodities (DBC)8.2%19.6%0.317.8%
Real Estate (VNQ)2.3%18.9%0.0238.4%
Bitcoin (BTCUSD)9.0%53.0%0.3623.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HUBB
HUBB19.5%29.1%0.66-
Sector ETF (XLI)14.2%20.0%0.6274.0%
Equity (SPY)15.4%17.9%0.7366.2%
Gold (GLD)12.1%16.2%0.615.1%
Commodities (DBC)7.4%18.0%0.3320.6%
Real Estate (VNQ)4.8%20.7%0.2049.2%
Bitcoin (BTCUSD)58.4%66.2%0.9816.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity2.7 Mil
Short Interest: % Change Since 63020262.0%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest5.6 days
Basic Shares Quantity52.9 Mil
Short % of Basic Shares5.2%

Earnings Returns History

Updated 8/6/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/28/2026-2.9%-4.4% 
4/30/2026-6.9%-8.0%-13.0%
2/3/20261.7%2.1%-0.7%
10/28/20254.9%7.7%-1.0%
7/29/2025-2.5%-2.1%1.0%
5/1/2025-5.5%-3.0%7.6%
2/4/2025-1.9%-2.2%-13.1%
10/29/2024-2.1%-5.5%2.5%
...
SUMMARY STATS   
# Positive111414
# Negative13109
Median Positive3.5%4.3%9.4%
Median Negative-2.5%-3.7%-3.4%
Max Positive11.6%17.4%18.7%
Max Negative-9.0%-8.0%-13.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/28/2026-2.9%-4.4% 
4/30/2026-6.9%-8.0%-13.0%
2/3/20261.7%2.1%-0.7%
10/28/20254.9%7.7%-1.0%
7/29/2025-2.5%-2.1%1.0%
5/1/2025-5.5%-3.0%7.6%
2/4/2025-1.9%-2.2%-13.1%
10/29/2024-2.1%-5.5%2.5%
7/30/20243.5%-0.7%5.7%
4/30/2024-9.0%-4.7%-4.4%
1/30/20243.5%5.5%11.9%
10/31/2023-4.7%-1.8%4.4%
7/25/2023-4.6%-6.5%-8.0%
4/25/202311.6%17.4%18.7%
1/31/2023-0.4%5.4%9.1%
10/25/20226.3%6.4%16.1%
7/26/20224.4%9.8%11.8%
4/26/20223.1%2.7%-2.7%
2/3/2022-1.6%2.0%-3.4%
10/26/20210.6%5.5%9.8%
7/27/20210.9%1.5%5.5%
4/27/20211.9%1.6%-1.5%
2/2/2021-0.3%3.3%13.5%
10/27/2020-0.4%0.6%10.2%
SUMMARY STATS   
# Positive111414
# Negative13109
Median Positive3.5%4.3%9.4%
Median Negative-2.5%-3.7%-3.4%
Max Positive11.6%17.4%18.7%
Max Negative-9.0%-8.0%-13.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202607/29/202610-Q
03/31/202605/01/202610-Q
12/31/202502/12/202610-K
09/30/202510/29/202510-Q
06/30/202507/30/202510-Q
03/31/202505/02/202510-Q
12/31/202402/13/202510-K
09/30/202410/30/202410-Q
06/30/202407/31/202410-Q
03/31/202405/01/202410-Q
12/31/202302/08/202410-K
09/30/202311/01/202310-Q
06/30/202307/26/202310-Q
03/31/202304/28/202310-Q
12/31/202202/09/202310-K
09/30/202210/26/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202607/29/202610-Q
03/31/202605/01/202610-Q
12/31/202502/12/202610-K
09/30/202510/29/202510-Q
06/30/202507/30/202510-Q
03/31/202505/02/202510-Q
12/31/202402/13/202510-K
09/30/202410/30/202410-Q
06/30/202407/31/202410-Q
03/31/202405/01/202410-Q
12/31/202302/08/202410-K
09/30/202311/01/202310-Q
06/30/202307/26/202310-Q
03/31/202304/28/202310-Q
12/31/202202/09/202310-K
09/30/202210/26/202210-Q
06/30/202207/27/202210-Q
03/31/202204/27/202210-Q
12/31/202102/11/202210-K
09/30/202110/27/202110-Q
06/30/202107/28/202110-Q
03/31/202104/28/202110-Q
12/31/202002/11/202110-K
09/30/202010/28/202010-Q
06/30/202007/31/202010-Q
03/31/202005/01/202010-Q
12/31/201902/14/202010-K
09/30/201910/30/201910-Q

Recent Forward Guidance

Updated 7/29/2026

Latest: Q2 2026 Earnings Reported 7/28/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Total Sales Growth16.0%17.0%18.0% 7.5%RaisedGuidance: 9.5% for 2026
2026 Organic Sales Growth9.0%10.0%11.0% 2.5%RaisedGuidance: 7.5% for 2026
2026 GAAP Diluted EPS17.217.417.6-1.8% LoweredGuidance: 17.7 for 2026
2026 Adjusted Diluted EPS20.220.420.64.2% RaisedGuidance: 19.6 for 2026
2026 Free Cash Flow Conversion 0.9 0.0%0.0%AffirmedGuidance: 0.9 for 2026

Prior: Q1 2026 Earnings Reported 4/30/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Total Sales Growth8.0%9.5%11.0%18.8%1.5%RaisedGuidance: 8.0% for 2026
2026 Organic Sales Growth6.0%7.5%9.0%25.0%1.5%RaisedGuidance: 6.0% for 2026
2026 GAAP Diluted EPS17.417.7180.4% RaisedGuidance: 17.6 for 2026
2026 Adjusted Diluted EPS19.319.619.90.4% RaisedGuidance: 19.5 for 2026
2026 Free Cash Flow Conversion 0.9  0.0%AffirmedGuidance: 0.9 for 2026

Q4 2025 Earnings Reported 2/3/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Total Sales Growth7.0%8.0%9.0%128.6%4.5%Higher NewGuidance: 3.5% for 2025
2026 Organic Sales Growth5.0%6.0%7.0%71.4%2.5%Higher NewGuidance: 3.5% for 2025
2026 EPS17.317.6186.0% Higher NewGuidance: 16.6 for 2025
2026 Adjusted EPS19.119.519.97.1% Higher NewGuidance: 18.2 for 2025
2026 Free Cash Flow Conversion 0.9 0.0%0.0%Same NewGuidance: 0.9 for 2025

Insider Activity

Updated 7/8/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Mikes, Mark EugenePresident Electrical SolutionsDirectSell2192026523.732,6011,362,2221,357,508Form
2Flynn, Alyssa RChief Human Resources OfficerDirectSell2102026497.131,228610,4801,347,730Form
3Bakker, GerbenChairman, President & CEODirectSell2102026498.9725,23312,590,62732,143,947Form
4Malloy, John F DirectBuy11192025429.24435186,7198,192,177Form
5Mikes, Mark EugenePresident Electrical SolutionsDirectSell11062025466.502,4701,152,2532,232,199Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Mikes, Mark EugenePresident Electrical SolutionsDirectSell2192026523.732,6011,362,2221,357,508Form
2Flynn, Alyssa RChief Human Resources OfficerDirectSell2102026497.131,228610,4801,347,730Form
3Bakker, GerbenChairman, President & CEODirectSell2102026498.9725,23312,590,62732,143,947Form
4Malloy, John F DirectBuy11192025429.24435186,7198,192,177Form
5Mikes, Mark EugenePresident Electrical SolutionsDirectSell11062025466.502,4701,152,2532,232,199Form
6Flynn, Alyssa RChief Human Resources OfficerDirectSell11042025470.322,011945,8141,525,248Form

Investor Activity (13F)

Updated Aug 9, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
United Bank$140.3 Mil18.0%239Hold13F
Troy Asset Management Ltd$271.9 Mil8.1%30Hold13F
Albar Capital Partners LLP$21.4 Mil3.5%36New13F
Mirova US LLC$282.6 Mil3.2%42ADD +20.3%13F
Joho Capital LLC$11.7 Mil3.1%10New13F
2Xideas AG$6.3 Mil2.5%47ADD +44.7%13F
Walter Public Investments Inc.$10.4 Mil2.5%48TRIM -21.3%13F
St. James Investment Company, LLC$11.3 Mil1.8%22Hold13F
SailingStone Capital Partners LLC$5.9 Mil1.3%17Hold13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Albar Capital Partners LLP$21.4 Mil3.5%36New13F
Joho Capital LLC$11.7 Mil3.1%10New13F
2Xideas AG$6.3 Mil2.5%47ADD +44.7%13F
Mirova US LLC$282.6 Mil3.2%42ADD +20.3%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Walter Public Investments Inc.$10.4 Mil2.5%48TRIM -21.3%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Mirova US LLC$282.6 Mil3.2%42ADD +20.3%13F
Troy Asset Management Ltd$271.9 Mil8.1%30Hold13F
United Bank$140.3 Mil18.0%239Hold13F
Albar Capital Partners LLP$21.4 Mil3.5%36New13F
Joho Capital LLC$11.7 Mil3.1%10New13F
St. James Investment Company, LLC$11.3 Mil1.8%22Hold13F
Walter Public Investments Inc.$10.4 Mil2.5%48TRIM -21.3%13F
2Xideas AG$6.3 Mil2.5%47ADD +44.7%13F
SailingStone Capital Partners LLC$5.9 Mil1.3%17Hold13F
Core Cache Last Updated: 8/8/2026