Hubbell (HUBB) financial statements
Hubbell reported revenue of $5.8B in fiscal 2025, up 5.8% a year over 9 years.
Net income was $887M and the operating margin 20.7%, against 14.0% in 2016.
Free cash flow was $875M, and the company returned $225M in net buybacks.
The diluted share count fell 4% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hubbell's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5B | $3.7B | $4.5B | $3.9B | $3.7B | $4.2B | $4.9B | $5.4B | $5.6B | $5.8B |
| Cost of revenue | $2.4B | $2.5B | $3.2B | $2.8B | $2.6B | $3.0B | $3.5B | $3.5B | $3.7B | $3.8B |
| Gross profit | $1.1B | $1.2B | $1.3B | $1.2B | $1.1B | $1.2B | $1.5B | $1.9B | $1.9B | $2.1B |
| Selling, general and admin | $615M | $636M | $744M | $645M | $591M | $619M | $762M | $850M | $812M | $855M |
| Operating income | $490M | $519M | $557M | $527M | $494M | $532M | $709M | $1.0B | $1.1B | $1.2B |
| Interest expense | $43M | $45M | $72M | $69M | $60M | — | — | — | — | — |
| Pre-tax income | $430M | $443M | $467M | $469M | $424M | $459M | $657M | $972M | $1.0B | $1.1B |
| Income tax | $133M | $193M | $101M | $101M | $90M | $88M | $140M | $215M | $222M | $227M |
| Net income | $293M | $243M | $360M | $401M | $351M | $400M | $546M | $751M | $779M | $887M |
| EPS (diluted) | $5.24 | $4.39 | $6.54 | $7.31 | $6.43 | $7.28 | $10.07 | $13.89 | $14.39 | $16.54 |
| Diluted shares | 56M | 55M | 55M | 55M | 54M | 55M | 54M | 54M | 54M | 54M |
| Gross margin | 31.5% | 31.5% | 29.0% | 29.7% | 29.5% | 27.5% | 29.7% | 34.9% | 33.9% | 35.3% |
| Operating margin | 14.0% | 14.1% | 12.4% | 13.3% | 13.4% | 12.7% | 14.3% | 19.1% | 19.4% | 20.7% |
| Net margin | 8.4% | 6.6% | 8.0% | 10.2% | 9.5% | 9.5% | 11.0% | 14.0% | 13.8% | 15.2% |
Balance sheet
Fiscal years, from Hubbell's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $449M | $390M | $198M | $196M | $268M | $296M | $455M | $349M | $345M | $498M |
| Receivables | $530M | $540M | $725M | $683M | $553M | $675M | $742M | $785M | $756M | $857M |
| Inventory | $532M | $635M | $651M | $633M | $527M | $662M | $741M | $833M | $1.0B | $1.1B |
| Total current assets | $1.6B | $1.6B | $1.6B | $1.6B | $1.6B | $1.9B | $2.0B | $2.2B | $2.3B | $2.6B |
| Property, plant and equipment | $440M | $458M | $502M | $505M | $439M | $460M | $528M | $653M | $727M | $841M |
| Goodwill | $991M | $1.1B | $1.8B | $1.8B | $1.9B | $1.9B | $2.0B | $2.5B | $2.5B | $3.1B |
| Total assets | $3.5B | $3.7B | $4.9B | $4.9B | $5.1B | $5.3B | $5.4B | $7.1B | $6.8B | $8.2B |
| Total current liabilities | $590M | $706M | $839M | $845M | $948M | $1.1B | $1.1B | $1.3B | $1.3B | $1.5B |
| Long-term debt | $990M | $987M | $1.7B | $1.5B | $1.4B | $1.4B | $1.4B | $2.0B | $1.4B | $2.0B |
| Total liabilities | $1.9B | $2.1B | $3.1B | $2.9B | $3.0B | $3.0B | $3.0B | $4.0B | $3.4B | $4.4B |
| Shareholders' equity | $1.6B | $1.6B | $1.8B | $1.9B | $2.1B | $2.2B | $2.4B | $2.9B | $3.4B | $3.8B |
| Net debt | $556M | $680M | $1.6B | $1.4B | $1.3B | $1.2B | $1.0B | $1.8B | $1.2B | $1.8B |
Cash flow
Fiscal years, from Hubbell's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $411M | $379M | $517M | $592M | $648M | $514M | $636M | $881M | $991M | $1.0B |
| Capital spending | $67M | $80M | $96M | $87M | $83M | $90M | $129M | $166M | $180M | $155M |
| Free cash flow | $344M | $299M | $421M | $505M | $565M | $424M | $507M | $715M | $811M | $875M |
| Stock-based compensation | $22M | $22M | $24M | $14M | $22M | $18M | $24M | $26M | $31M | $33M |
| Dividends paid | $144M | $158M | $172M | $187M | $201M | — | — | — | — | — |
| Share buybacks (net) | -$247M | -$92M | -$40M | -$35M | -$41M | -$11M | -$182M | -$30M | -$40M | -$225M |
| Net borrowing | $397M | -$2M | $779M | -$225M | -$106M | -$1M | $0 | $600M | -$600M | $1.0B |
| Free cash flow margin | 9.8% | 8.2% | 9.4% | 12.8% | 15.3% | 10.1% | 10.2% | 13.3% | 14.4% | 15.0% |
| Dividends per share | $2.59 | $2.86 | $3.14 | $3.41 | $3.70 | — | — | — | — | — |
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Open HUBB in InvestinglyQuestions
What was Hubbell's revenue in 2025?
$5.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Hubbell generate?
$875M in fiscal 2025 (operating cash flow minus capital spending).
From Hubbell's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.