Industrials · Industrial Machinery & Supplies & Components · US stock · price as of 16 Oct 2026
Key indicators
Price
$461.10
52-week range
$398.95 – $562.06
Market cap
$24.6B
P/E (trailing)
27.2×
EV / EBITDA
18.6×
Free-cash-flow yield
3.7%
Dividend yield
1.2%
Revenue (last 12 months)
$6.0B
Revenue growth (3y a year)
5.7%
Operating margin
20.7%
Return on invested capital
15.5%
Net debt / EBITDA
1.8×
Fair value
Blended fair value$455.66 range $433 – $483
Versus priceFair−1% to fair value
Peer multiples
$458.97
Fundamentals-adjusted multiple
$472.57
10-year DCF (market-scaled)
$435.44
Earnings power value (floor, not blended)
$126.51
Model uncertainty
Medium
X-Ray Score
48/ 100 · Medium confidence · ahead of 35% of sector peers
Valuation49
Growth54
Profitability48
Financial health46
Dividends32
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Hubbell makes electrical and utility products used to build, connect and protect power systems. Its utility business supplies components for electricity transmission and distribution, grid automation, communications and metering for power companies, while its electrical business makes wiring devices, connectors, lighting, enclosures and industrial controls for commercial, industrial and residential buildings. Customers include utilities, electrical contractors and the wholesale distributors that serve them.
Revenue comes from products ordered by utilities for grid upgrades and by contractors and distributors for building projects. Sales were $6.0 billion over the last twelve months, with growth of 5.7% a year across the last three years. The operating margin is 20.7%, and the business earns a profit of 16% on the capital invested in it. Net debt is 1.8 times EBITDA. It pays a dividend with a yield of 1.2%.
StocksXray gives Hubbell Inc an X-Ray Score of 48 out of 100 (medium confidence), ahead of 35% of the S&P 500 stocks in its sector. Its strongest lens is growth (54) and its weakest is dividends (32).
Our fair value blend is $455.66 (range $433.44 to $482.77). At $461.10 the stock trades 1% above that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Hubbell Inc (HUBB)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$193.92
$223.16
$317.80
$409.77
$440.22
$461.10
Market cap
$10.6B
$12.1B
$17.2B
$22.1B
$23.6B
$24.6B
P/E
26.6×
22.2×
22.9×
28.5×
26.6×
27.2×
EV / revenue
2.8×
2.6×
3.5×
4.2×
4.4×
4.5×
EV / EBITDA
17.3×
15.2×
16.1×
18.0×
18.1×
18.6×
Price / free cash flow
–
–
24.0×
27.3×
26.9×
27.0×
Free-cash-flow yield
–
–
4.2%
3.7%
3.7%
3.7%
Price / book
4.8×
5.1×
6.0×
6.5×
6.1×
6.5×
Dividend yield
2.06%
1.91%
1.44%
1.22%
1.22%
1.23%
Fundamentals checklist ● 4 Good · ● 8 Average · ● 2 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−2.1%Bad
Free-cash-flow yield3.7%Average
Risk models
Piotroski F-Score5 of 9Bad
Growth
EPS growth (3y)18.0%Good
Revenue growth (3y)5.7%Average
Growth consistency80%Average
Balance sheet
Current ratio1.6×Good
Net debt / EBITDA1.8×Average
Interest coverno interest costGood
Valuation
Fair value vs price1.0×Average
EBIT / EV yield4.6%Average
Profitability
Return on invested capital15.5%Average
Operating margin20.7%Good
Gross profitability25.3%Average
XStocksXray
Hubbell Inc (HUBB)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
4,194
4,948
5,373
5,629
5,845
5,996
Gross profit
1,152
1,472
1,877
1,906
2,064
2,127
Operating income
532
709
1,027
1,093
1,209
1,242
Net income
400
546
751
779
887
906
Diluted EPS ($)
7.28
10.07
13.89
14.39
16.54
16.95
Free cash flow
–
–
715
811
875
909
Gross margin
27.5%
29.7%
34.9%
33.9%
35.3%
35.5%
Operating margin
12.7%
14.3%
19.1%
19.4%
20.7%
20.7%
Net margin
9.5%
11.0%
14.0%
13.8%
15.2%
15.1%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
5,282
5,403
7,081
6,848
8,229
8,418
Cash
286
441
336
329
483
502
Total debt
1,445
1,443
2,138
1,691
2,612
3,107
Equity
2,230
2,361
2,877
3,396
3,848
3,769
Dividend per share ($)
3.99
4.27
4.58
4.98
5.38
–
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Revenue ($M)
1,334
1,365
1,484
1,502
1,493
1,517
Growth vs a year earlier
−0.9%
−2.4%
+2.2%
+4.1%
+11.9%
+11.1%
Net income ($M)
198
163
244
256
224
182
Diluted EPS ($)
3.66
3.03
4.56
4.77
4.19
3.41
XStocksXray
Hubbell Inc (HUBB)
Peers in Industrial Machinery & Supplies & Components
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.