Hubbell Inc

Hubbell was founded in 1888 and incorporated in Connecticut. It makes the electrical and utility equipment that moves power from the grid into buildings and factories, and it sells under more than 75 brands. The company describes three zones. “In Front of the Meter” is where utilities transmit and distribute power. “The Edge” is where utilities and building owners exchange energy and data. “Behind the Meter” is where buildings and other facilities use power. Revenue was $5.84 billion in fiscal 2025, the year ended December 31, 2025.

Utility Solutions is the larger segment. It brought in about $3.67 billion, or 63% of 2025 revenue. It sells grid hardware such as insulators, arresters (surge protectors for power lines), connectors, switches and anchors. It also sells smart meters and grid control systems. Its brands include Aclara, Chance and Ohio Brass. Most of its sales go through distributors or directly to utilities.

Electrical Solutions brought in about $2.17 billion, or 37%. It sells wiring devices, connectors, grounding products and equipment built for hazardous sites in oil, gas and mining. Its brands include Hubbell, Burndy and Killark. Its products serve factories, commercial buildings and data centers. They reach customers such as electrical contractors through distributors, home centers and retailers. In fiscal 2025, the top ten customers made up about 42% of net sales, and operations outside the US made up about 7%.

• In Q3 FY2026 (ended Sep 30, 2026), revenue was $1.87B, up 24.6% from a year earlier, and net income was $262.5M (+2.7%).
• For fiscal 2025, revenue was $5.84B (+3.8% year over year; +9.7% a year from FY2020 to FY2025) with a 15.2% net margin.

• Over FY2021–FY2025: $488.2M in buybacks and $0.00 in dividends.
• At least 9 consecutive annual increases: every fiscal year in the SEC data (FY2016–FY2025) shows an increase; the true streak may be longer.
• Regular dividends per share grew +7.7% a year over 5 years (FY2020–FY2025).
• Shares outstanding changed -2.9% from Feb 8, 2022 to Oct 22, 2026.

Rank among 1514 US companies

Market value at each year end

Hubbell’s market value went from $6.46B at the end of 2016 to $22.92B on Nov 2, 2026, about 3.5 times as much; since the end of 2025 it is down 3%.

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 1 sales ($284K).

Large shareholders (13G filings)

ETFs with the most weight in HUBB

1. Heavy reliance on utility spending. Utility Solutions made up 63% of 2025 revenue. Hubbell warns that big swings in purchases by electric utilities would affect this segment, so a pullback in utility spending could weigh on overall sales.
2. A few large customers drive sales. The top ten customers account for about 42% of net sales. Losing one of them, a sharp drop in its orders, or pressure from it to cut prices could noticeably hurt results.
3. Acquisitions may not pay off. Hubbell grows partly through acquisitions, including DMC Power, Systems Control, Nicor and Ventev. If deals disappoint, it may have to write down goodwill, the premium paid above the acquired assets' value. That cuts reported profit.
4. Debt could rise with more deals. As of September 30, 2026, total debt was about $4.81 billion against $456 million of cash. The company says borrowing may rise to fund acquisitions, and a credit rating cut could raise borrowing costs.
5. Metal costs, tariffs and foreign sourcing. Products rely on steel, aluminum, copper and other metals, and some are made or sourced in Mexico and China. Tariffs, trade-policy shifts or supply disruptions could lift costs faster than Hubbell can raise prices.
6. Pricing power may not last. Hubbell has raised prices to cover inflation. Competitors, some larger and with more resources, could make that harder. And if metal costs fall, Hubbell may be unable to hold its prices.

• Oct 27, 2026 Quarterly results released
• Jul 28, 2026 Quarterly results released
• Jun 9, 2026 Investor presentation or announcement; Other company announcement
• Jun 8, 2026 Major agreement signed; New debt or financial obligation; Other company announcement
• May 15, 2026 Major agreement signed; New debt or financial obligation
• May 6, 2026 Shareholder vote results
• May 4, 2026 Major agreement signed; Investor presentation or announcement; Other company announcement
• Apr 30, 2026 Quarterly results released
• Feb 3, 2026 Quarterly results released
• Nov 14, 2025 Major agreement signed; New debt or financial obligation

Hubbell paid regular dividends of $5.38 per share in fiscal 2025, up from $3.71 in fiscal 2020. That is growth of about 7.7% a year. The dividend has risen at least 9 years in a row through fiscal 2025, and possibly longer. Diluted earnings of $16.54 per share covered it comfortably. The yield was a modest 1.3% as of October 28, 2026. Hubbell also spent $488 million repurchasing its own shares from fiscal 2021 to 2025. The share count fell 2.9% between February 2022 and October 2026.

The shares can fall sharply in sell-offs. In the 2020 COVID crash, they dropped 40.6% between February 19 and March 23, 2020. They regained their prior high by August 12, 4.7 months after the low. In 2022 they fell 17.3% from January to June but recovered by late July. From the market's January peak to its October low, they gained 11.6%. A single stock carries more risk than a diversified fund holding many companies.