Hubbell Incorporated (HUBB) Financial Statements

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Hubbell financial statements at a glance

Hubbell reported revenue of $5.84 billion for fiscal year 2025 (ended December 31, 2025), up 3.8% from fiscal year 2024. Net income was $885.60 million, a net margin of 15.2%, and diluted earnings per share were $16.54.

At the end of fiscal year 2025 it had total assets of $8.23 billion, total liabilities of $4.37 billion and shareholders' equity of $3.85 billion, with cash and short-term investments of $497.90 million and total debt of $2.49 billion.

Its operations brought in $1.03 billion of cash; capital spending was $155.10 million, leaving free cash flow of $874.70 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

HUBB logo

Hubbell Incorporated

HUBBUnited States
Manufacturing and Production
USD (Local)

Income Statement

Annual • USD

Total Revenue
5.84B
Prev Year: 5.63B
YoY: +3.8%
Operating Revenue
5.84B
Prev Year: 5.63B
YoY: +3.8%
Normalized EBITDA
1.39B
Prev Year: 1.30B
YoY: +7.2%
Tax Rate for Calcs
0.203
Prev Year: 0
Tax Effect of Unusual Items
-81.2K
Prev Year: -1.17M
YoY: +93.1%
Diluted NI Available to Com Stockholders
885.60M
Prev Year: 776.30M
YoY: +14.1%
Other Income Expense
-25.60M
Prev Year: -12.50M
YoY: -104.8%
Other Non-operating Income (expense)
-25.20M
Prev Year: -7.20M
YoY: -250.0%
Special Income Charges
-400.0K
Prev Year: -5.30M
YoY: +92.5%
Gain on Sale of Business
-400.0K
Prev Year: -5.30M
YoY: +92.5%
Cost of Revenue
3.78B
Prev Year: 3.72B
YoY: +1.5%
Gross Profit
2.06B
Prev Year: 1.90B
YoY: +8.4%
Operating Expense
855.30M
Prev Year: 812.50M
YoY: +5.3%
Selling General and Administrative
855.30M
Prev Year: 812.50M
YoY: +5.3%
Operating Income
1.21B
Prev Year: 1.09B
YoY: +10.7%
Net Non Operating Interest Income Expense
-64.10M
Prev Year: -73.80M
YoY: +13.1%
Non-operating Interest Expense
64.10M
Prev Year: 73.80M
YoY: -13.1%
Pre-tax Income
1.12B
Prev Year: 1.01B
YoY: +11.3%
Provision for Income Taxes
227.20M
Prev Year: 221.80M
YoY: +2.4%
Net Income Common Stockholders
885.60M
Prev Year: 776.30M
YoY: +14.1%
Net Income
887.10M
Prev Year: 777.80M
YoY: +14.1%
Net Income Including Non-Controlling Interests
891.90M
Prev Year: 783.50M
YoY: +13.8%
Net Income from Continuing Operations
891.90M
Prev Year: 783.50M
YoY: +13.8%
Noncontrolling Interests
-4.80M
Prev Year: -5.70M
YoY: +15.8%
Otherunder Preferred Stock Dividend
1.50M
Prev Year: 1.50M
YoY: 0.0%
Basic EPS
16.63
Prev Year: 14.46
YoY: +15.0%
Diluted EPS
16.54
Prev Year: 14.37
YoY: +15.1%
Weighted Average Shares (basic)
53.20M
Prev Year: 53.70M
YoY: -0.9%
Weighted Average Shares (diluted)
53.50M
Prev Year: 54.00M
YoY: -0.9%
Total Operating Income as Reported
1.21B
Prev Year: 1.09B
YoY: +10.7%
Total Expenses
4.64B
Prev Year: 4.54B
YoY: +2.2%
Net Income from Continuing and Discontinued Operation
887.10M
Prev Year: 777.80M
YoY: +14.1%
Normalized Income
887.42M
Prev Year: 781.93M
YoY: +13.5%
Interest Expense
64.10M
Prev Year: 73.80M
YoY: -13.1%
Net Interest Income
-64.10M
Prev Year: -73.80M
YoY: +13.1%
EBIT
1.18B
Prev Year: 1.08B
YoY: +9.6%
EBITDA
1.39B
Prev Year: 1.29B
YoY: +7.6%
Reconciled Cost of Revenue
3.78B
Prev Year: 3.72B
YoY: +1.5%
Reconciled Depreciation
206.10M
Prev Year: 212.10M
YoY: -2.8%
Net Income from Continuing Operation Net Minority Interest
887.10M
Prev Year: 777.80M
YoY: +14.1%
Total Unusual Items Excluding Goodwill
-400.0K
Prev Year: -5.30M
YoY: +92.5%
Total Unusual Items
-400.0K
Prev Year: -5.30M
YoY: +92.5%
Values in USD

Hubbell key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$5.8B$5.6B$5.4B$4.9B$4.2B
Gross profit$2.1B$1.9B$1.9B$1.5B$1.2B
Operating income$1.2B$1.1B$1.0B$709.1M$532.3M
Net income$885.6M$776.3M$758.0M$544.5M$398.3M
Diluted EPS$16.54$14.37$14.05$9.43$7.28
Total assets$8.2B$6.7B$6.9B$5.4B$5.3B
Total liabilities$4.4B$3.4B$4.0B$3.0B$3.0B
Shareholders' equity$3.8B$3.3B$2.9B$2.4B$2.2B
Cash and short-term investments$497.9M$345.0M$348.7M$454.8M$295.6M
Total debt$2.5B$1.7B$2.3B$1.6B$1.5B
Operating cash flow$1.0B$991.2M$880.8M$583.2M$543.8M
Capital spending$155.1M$180.4M$165.7M$129.3M$90.2M
Free cash flow$874.7M$810.8M$715.1M$453.9M$453.6M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Hubbell's revenue in fiscal year 2025?

$5.84 billion, up 3.8% from $5.63 billion in fiscal year 2024.

How much profit does Hubbell make?

Hubbell reported net income of $885.60 million for fiscal year 2025 (15.2% of revenue); operating income was $1.21 billion.

How much cash and debt does Hubbell have?

At the end of fiscal year 2025: cash and short-term investments of $497.90 million and total debt of $2.49 billion.

What is Hubbell's free cash flow?

$874.70 million in fiscal year 2025 (operating cash flow of $1.03 billion minus capital spending of $155.10 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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