Quality Investor

Hubbell Incorporated

Rank #371ValueWatchlistCompare with other stocks

HUBB · NYSE · Industrials

Hubbell Incorporated (HUBB) — Rank #371 by gross profitability (GP/assets 0.17) · ROE 21.6% · Piotroski F-Score 5 / 9.

As-of 2026-10-30 · CIK 0000048898 · all metrics point-in-time as of the filing date.

About

Hubbell Incorporated, together with its subsidiaries, manufactures and sells electrical and utility solutions in the United States and internationally.

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It operates through two segments, Electrical Solutions and Utility Solutions. The Utility Solution segment offers critical components that allow the grid to transmit and distribute energy, as well as the communications and controls technologies, including utility transmission and distribution components, such as arresters, insulators, connectors, anchors, bushings, enclosures, cutouts, and switches; and solutions that serve the edge of the utility infrastructure comprising smart meters, communications systems, and protection and control devices. It sells its products under various brands and/or trademarks to the electrical distribution, substation and transmission markets, as well as markets for grid protection and controls, utility meters and advanced metering infrastructure and telcom and gas distribution markets. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies. It also designs and manufactures various industrial controls, and communication systems for use in the non-residential and industrial markets, as well as in the oil and gas, and mining industries. This segment sells its products through electrical and industrial distributors, home centers, retail and hardware outlets, and residential product-oriented internet sites; and special application products primarily through wholesale distributors to contractors, industrial customers, and original equipment manufacturers.

The company was founded in 1888 and is headquartered in Shelton, Connecticut.

Industry
Electrical Equipment & Parts
Sector
Industrials
State
CT
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

19,600

Industry

Electrical Equipment & Parts

Exchange

NYSE

12/12

Flags passed

HUBB passes 12/12 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Operating leverage expanding · Deferred revenue growing · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.17
Return on equity
21.6%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.89
Current ratio
1.53×
Net cash
-$4.66B

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
0.6%

Growth

2/2 pass
Revenue growth
3.8%
Piotroski F-Score
5 / 9
Share dilution
-0.9%

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Does it make money well?

No warning flags · GP/assets 15th percentile of 47 SIC 36 peers

Gross profitability (GP / assets)

0.17

Primary signal (Novy-Marx).

15th pctl of 47 SIC 36 peers

Return on equity

21.6%

Gross margin

35.3%

22nd pctl of 47 SIC 36 peers

Revenue growth (YoY)

3.8%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

5.7%

Revenue CAGR (5Y)

9.7%

Earnings CAGR (3Y)

17.6%

FCF CAGR (3Y)

19.9%

Cash Flow Health

Is the cash real?

No warning flags · FCF 1% below net income

Free cash flow

$874.70M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

-1.4%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.6%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $4.66B, F-Score 5/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.89

0th pctl of 45 SIC 36 peers (best = lowest)

Current ratio

1.53×

9th pctl of 47 SIC 36 peers

Quick ratio

0.78×

Net cash

-$4.66B

Cash & equivalents minus total debt.

Piotroski F-Score

5 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

2.3 / 5

Fair
Share count trend(net buybacks)
-0.9%3/5 Good
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory
-7.2%1/5 Weak

Lifecycle Phase History

20202025
Decline
Op. Leverage
Capital Return
Value

Price History

HUBB+151.8% · +20.2% CAGRSPY+82.9% · +12.8% CAGR