# Hubbell Incorporated (HUBB)

> Source: Nexqual · https://nexqual.com/HUBB · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Hubbell Incorporated (HUBB), nexqual.com/HUBB" · informational, not investment advice.

**Price:** USD 445.8 (-3.25% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 460.76 · day 433.92–451.74 · 52w 403.82–565.5 · market cap $23.6B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.22B, net income $902M (14.5% margin), free cash flow $901M (SEC filings).
- Valuation: P/E 26.1x (avg 26.5x at the last 3 fiscal year-ends), EV/EBITDA 19.1x, net debt $4.98B.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $284K; 1 not under a Rule 10b5-1 plan ($284K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.53 on a 1–5 scale) (15 analysts), mean target USD 555.54 (range 485–630).
- Total return with dividends: 1Y +4.2% vs S&P 500 +14.9%; 5Y +150.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 5.75, revenue estimate $1.85B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.19B | $4.95B | $5.37B | $5.63B | $5.84B | $6.22B |
| Gross profit | $1.15B | $1.47B | $1.88B | $1.91B | $2.06B | — |
| Operating income | $532M | $709M | $1.03B | $1.09B | $1.21B | $1.25B |
| Net income | $400M | $546M | $751M | $779M | $887M | $902M |
| EPS (diluted) | $7.28 | $10.07 | $13.89 | $14.39 | $16.54 | — |
| Free cash flow | $424M | $507M | $715M | $811M | $875M | $901M |
| Gross margin | 27.5% | 29.7% | 34.9% | 33.9% | 35.3% | — |
| Operating margin | 12.7% | 14.3% | 19.1% | 19.4% | 20.7% | 20.2% |
| Net margin | 9.5% | 11.0% | 14.0% | 13.8% | 15.2% | 14.5% |
| Revenue growth | +13.9% | +18.0% | +8.6% | +4.8% | +3.8% | — |
| Cash + short-term investments | $296M | $455M | $349M | $345M | $498M | — |
| Total debt | $1.45B | $1.44B | $2.04B | $1.57B | $2.33B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 26.1x · P/S 3.8x · EV/EBITDA 19.1x · EV/Sales 4.6x · P/FCF 26.1x · P/B 6.0x · FCF yield 3.83% · Earnings yield 3.83% · Buyback yield (TTM) 0.86% · Net debt $4.98B · EV $28.5B
P/E at fiscal year-ends: Dec 2025 26.8x, Dec 2024 29.0x, Dec 2023 23.6x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-11 | Del Nero Jonathan M. | Vice President, Controller | 547 | $284K | 15.7% | No | Too little history (no open-market trades in 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.53 on a 1–5 scale), 15 analysts; mean target USD 555.54 (low 485, high 630).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Mizuho | Target lowered | Outperform | $575 → $560 |
| 2026-09-25 | Wells Fargo | Initiated | Equal-Weight | $531 |
| 2026-09-02 | Morgan Stanley | Target raised | Equal-Weight | $565 → $575 |
| 2026-08-21 | Baird | Initiated | Outperform | $550 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +4.2% | +150.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +4.2% | +20.1% |
| Volatility (annualized) | 31.9% | 28.3% |
| Max drawdown | -20.9% (Apr 2026→Sep 2026) | -32.0% (Nov 2024→Mar 2025) |

## Peers (Electrical Equipment & Parts)
NVT (nVent Electric plc) USD 127.67 -12.63% · FPS (Forgent Power Solutions, Inc.) USD 24.92 -21.54% · AEIS (Advanced Energy Industries, Inc) USD 216.64 -12.49% · AYI (Acuity Inc.) USD 317.23 +0.15% · BE (Bloom Energy Corporation) USD 217.77 -8.70% · VRT (Vertiv Holdings, LLC) USD 195.59 -7.81%

## More
Full page: https://nexqual.com/HUBB · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Utility Solutions | $1.03B | 59.9% | +9.7% | $233.9M | 22.8% |
| Electrical Solutions | $686.0M | 40.1% | +25.0% | $114.7M | 16.7% |
| Total revenue | $1.71B | 100% | — | $348.6M | 20.4% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Grid Infrastructure | $785.5M | 45.9% | +12.4% |
| Industrial | $410.4M | 24.0% | +26.9% |
| Electrical Products | $275.6M | 16.1% | +22.3% |
| Grid Automation | $240.3M | 14.0% | +1.5% |
| Total revenue | $1.71B | 100% | — |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $5.41B | 92.6% | +4.9% |
| International | $433.3M | 7.4% | -7.7% |
| Total revenue | $5.84B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $5.75 | $5.61 | +2.6% | $1.85B | 14 |
| Next quarter (ends 2026-12-31) | $5.33 | $5.12 | +4.0% | $1.79B | 14 |
| Current fiscal year (ends 2026-12-31) | $20.51 | $19.99 | +2.6% | $6.87B | 14 |
| Next fiscal year (ends 2027-12-31) | $23.05 | $22.42 | +2.8% | $7.61B | 14 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-27): ±9.1%; last 8 reports averaged ±4.2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 40.0% | ±9.1% |
| 2026-12-18 | 56 | 35.5% | ±11.2% |
| 2027-03-19 | 147 | 35.0% | ±17.7% |
| 2027-06-17 | 237 | 34.9% | ±22.3% |
| 2027-09-17 | 329 | 34.9% | ±26.1% |