Feed / HUBB

Hubbell Incorporated

HUBB

Industrials · 475.47 -2.1% today

Isolated · not yet confirmedMarket checked 7 Oct, 15:55 GMT-4

Market read

Hubbell Incorporated's current read is isolated; its market group is not confirming.

The latest filing is mixed. 0 of 24 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.

What changed
  • Revenue increased 11.1% versus the comparable filing period.
  • Operating cash flow covered only 0.48x net income.
Company-2.1% todayVolume comparison unavailable
Market group0 of 24 activeIndustrial-Tech Mix · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • Approximately ten percentage points of margin contraction were driven by higher material and other cost inflation, including tariff expense and higher restructuring investment.

Invalidation: The isolated read changes if HUBB's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Electrical Equipment & Parts

The latest filing is mixed. 0 of 24 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 11.1% versus the comparable filing period.
  • Operating margin improved 0.5 percentage points.
Evidence that challenges
  • Operating cash flow covered only 0.48x net income.
What would clarify the read
  • Approximately ten percentage points of margin contraction were driven by higher material and other cost inflation, including tariff expense and higher restructuring investment.

Company research

Understand the business, not just the ticker

As of Oct 23, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations620
Usable filing statements148
Verified relationships9
Evidence supporting the case
  • Operating margin changed +1.3 percentage points in the latest annual period.
  • Net margin changed +1.3 percentage points in the latest annual period.
Evidence challenging the case
  • Credit and interest rates has repeated adverse evidence across 4 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Oct 7, 2026

475.47
6m-9.8%12m+15.1%24m+11.1%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$4.2B+13.9%$7.28+0.4%
2022-12-31$4.9B+18.0%$10.07-1.1%
2023-12-31$5.4B+8.6%$13.89-0.2%
2024-12-31$5.6B+4.8%$14.39+0.0%
2025-12-31$5.8B+3.8%$16.54-0.9%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
“Total Other Expense Total other expense increased by $8.3 million in the first quarter of 2026 to $27.4 million, primarily due to higher net interest expense of $8.2 million, due to higher average outstanding debt in the first quarter of 2026, primarily drive…”
10-Q · May 1, 2026 ↗
Input and raw-material costsmixed · 4 filings
“Those increases were partially offset by four percentage points of margin contraction due to material and other cost inflation, including tariff expense.”
10-Q · May 1, 2026 ↗
Macroeconomic conditionsmixed · 4 filings
“Changes in strategy due to economic conditions or other conditions outside of our control affecting anticipated future global product sourcing levels.”
10-Q · May 1, 2026 ↗
Restructuring and cost reductionsmixed · 4 filings
“Failure to achieve projected levels of efficiencies, and maintain cost savings and cost reduction measures, including those expected as a result of our lean initiatives and strategic sourcing plans.”
10-Q · May 1, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 4.4× · EV/sales 4.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

475.47-2.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 7 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for HUBB. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

The latest filing presents a mixed picture

10-Q filed 2026-05-01 against the comparable filing from 2025-05-02.

mixed
OperationsconstructiveEvidence score +2
liquiditycautiousEvidence score -1
valuationdiscount

What improved

  • Revenue increased 11.1% versus the comparable filing period.
  • Operating margin improved 0.5 percentage points.

What weakened

  • Operating cash flow covered only 0.48x net income.

Filing receipts

“That result includes margin expansion in the quarter, primarily driven by favorable price realization, and benefits from operational productivity and higher unit volume, that was partially offset by margin contraction from material and other cost inflation, including tariff expense.”

“Total Other Expense Total other expense increased by $8.3 million in the first quarter of 2026 to $27.4 million, primarily due to higher net interest expense of $8.2 million, due to higher average outstanding debt in the first quarter of 2026, primarily driven by Term Loan borrowing of $600 million in the fourth quarter of 2025 to fund a portion of the DMC acquisition.”

“The decrease in operating margin was primarily due to approximately ten percentage points of margin contraction driven by higher material and other cost inflation, including tariff expense and higher restructuring investment.”

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind HUBB

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

ETNEaton Corporation plcsupplierFeb 12, 2026 ▾

“Gumbs 56 President, Utility Solutions Segment Present position since July 2023; previously President and CEO, Bosch Rexroth, from September 2020 to June 2023; Vice President & General Manager Electrical Energy Automation Solutions Business, Eaton Corporation,…”

PWFiling-linked namepartnerMay 1, 2026 ▾

“On October 1, 2025, the Company borrowed $600 million under the 2025 Term Loan Agreement (the "2025 Term Loan") on an unsecured basis to finance the majority of the purchase price of the DMC Power acquisition.”

Depended on by

KOPKoppers Holdings Inc.supplierFeb 26, 2026 ▾

“When we purchase scrap copper, it is shipped to our manufacturing plants in Hubbell, Michigan and Millington, Tennessee for further processing into other copper compounds.”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 8 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

HUBB is currently a Participant in the organic co-movement group Industrial-Tech Mix. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for HUBB; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.