AEIS vs HUBB: Advanced Energy Industries and Hubbell compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Hubbell is the larger company, worth $23.9B, about 2.3 times Advanced Energy Industries.
- Advanced Energy Industries grew revenue faster over the last year (+30.0% vs +11.1%).
- Hubbell keeps more of each dollar of revenue as operating profit (20.7% vs 13.2%).
- On earnings, Hubbell is the cheaper stock (28.0x vs 57.1x).
- Advanced Energy Industries's price assumes faster free cash flow growth: about 24% a year, against 9% for Hubbell (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | AEIS | HUBB |
|---|---|---|
| Market cap | $10.5B | $23.9B |
| Share price | $288.66 | $474.11 |
| Revenue (last fiscal year) | $1.8B | $5.8B |
| Free cash flow (last fiscal year) | $126M | $875M |
| Revenue growth, last year | +30.0% | +11.1% |
| Revenue growth per year, last 5 fiscal years | +5.4% | +8.6% |
| Operating margin | 13.2% | 20.7% |
| Net margin | 10.8% | 15.1% |
| Return on equity | 15.1% | 24.0% |
| P/E (trailing) | 57.1x | 28.0x |
| Price / free cash flow | 83.2x | 27.3x |
| EV / EBITDA | 36.2x | 18.5x |
| FCF growth the price implies | 23.9% | 9.1% |
| Dividend yield | 0.14% | 1.2% |
| Debt / equity | 1.34x | 1.23x |
| Fundamental grade | C | C |
| Superinvestors holding it | 6 | 6 |
| Insider purchases, last 12 months | 4 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Advanced Energy Industries
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.5B | $111M | 10.4% |
| 2022 | $1.8B | $125M | 12.6% |
| 2023 | $1.7B | $148M | 6.9% |
| 2024 | $1.5B | $74M | 2.5% |
| 2025 | $1.8B | $126M | 9.3% |
Hubbell
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $4.2B | $424M | 12.7% |
| 2022 | $4.9B | $507M | 14.3% |
| 2023 | $5.4B | $715M | 19.1% |
| 2024 | $5.6B | $811M | 19.4% |
| 2025 | $5.8B | $875M | 20.7% |
Where the revenue comes from
Advanced Energy Industries · by products, 2025
Semiconductor Equipment$840M47%
Data Center Computing$587M33%
Industrial and Medical$282M16%
Telecom and Networking$89M5%
Hubbell · by segments, 2025
Utility Solutions$3.7B63%
Electrical Solutions$2.2B37%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open AEIS in InvestinglyQuestions
Which is bigger, Advanced Energy Industries or Hubbell?
Hubbell (HUBB), at $23.9B against $10.5B.
Is AEIS or HUBB cheaper?
By trailing P/E, Hubbell (28.0x) is cheaper than Advanced Energy Industries (57.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, AEIS or HUBB?
Advanced Energy Industries: revenue grew +30.0% over the last year, against +11.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.