Hubbell
HUBB on NYSE. Hubbell sells electrical and utility equipment to utilities and building owners. Market value $25.4bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Good business, but not cheap right now
Why it could be worth it
What to watch out for
See cheaper Industrials stocks on the list
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $3.51 of spare cash in the past 12 months. A savings account pays about $4.
You pay 24.4 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 17 cents a year. Above 10 is good.
Quality score: 100 of 100. Price score: 49 of 100. Our list needs 70 on quality and 60 on price.
$485.41 a share, 20% above its 1-year low
Over the past year the price has ranged from $403.82 to $565.50.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $4.2bn | $4.9bn | $5.4bn | $5.6bn | $5.8bn |
| Operating margin | |||||
| Operating margin | 12.7% | 14.3% | 19.1% | 19.4% | 20.7% |
| Debt to equity | |||||
| Debt to equity | 0.65 | 0.61 | 0.74 | 0.46 | 0.60 |
| Shares outstanding | |||||
| Shares outstanding | 0.05bn | 0.05bn | 0.05bn | 0.05bn | 0.05bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)6 of 9
- Profit backed by cash (accruals)Yes
- Debt0.60× equity
- Revenue growth, five yearsSlow, 9.7% a year
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.7 billion last quarter, up 15% on a year ago.
- Profit: $240 million, down 2% on a year ago.
- It keeps 20 cents of each $1 of sales as operating profit, about the same as a year earlier.
- Spare cash over the past 12 months: $901 million, up from $785 million.
- 1% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $5 billion more than cash, up from $1.5 billion a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $1.4bn |
| December 2024 | $1.3bn |
| March 2025 | $1.4bn |
| June 2025 | $1.5bn |
| September 2025 | $1.5bn |
| December 2025 | $1.5bn |
| March 2026 | $1.5bn |
| June 2026 | $1.7bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $226m |
| December 2024 | $198m |
| March 2025 | $163m |
| June 2025 | $244m |
| September 2025 | $256m |
| December 2025 | $224m |
| March 2026 | $182m |
| June 2026 | $240m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 27 October 2026
- Last annual report (10-K)
- 12 February 2026
- Next quarterly (estimated, 10-Q)
- 28 October 2026
Who owns it
10 long-term investors we follow own it, up from 9 last quarter. 1,018 funds in all.
- Gotham Asset ManagementJoel Greenblatt
- Value
- $40m
- Share of fund
- <0.1%
- Barrow HanleyBarrow Hanley team
- Value
- $11m
- Share of fund
- <0.1%
- GAMCO InvestorsMario Gabelli
- Value
- $669,173
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Boston PartnersBoston Partners team | $575m | 0.5% | Added |
| Select Equity GroupGeorge Loening | $437m | 2.3% | Added |
| Troy Asset ManagementSebastian Lyon (founder) | $229m | 6.4% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $40m | <0.1% | |
| Barrow HanleyBarrow Hanley team | $11m | <0.1% | |
| Heartland AdvisorsBill Nasgovitz | $8m | 0.4% | Added |
| GMOJeremy Grantham | $2m | <0.1% | Cut |
| Horizon KineticsMurray Stahl | $855,432 | <0.1% | Cut |
| GAMCO InvestorsMario Gabelli | $669,173 | <0.1% | |
| First Manhattan Co.First Manhattan partners | $445,766 | <0.1% | New |
Largest holders overall
- BlackRock$2.5bnAdded
- Vanguard Capital Management$1.8bn
- Vanguard Portfolio Management$1.4bn
- State Street$1.2bnAdded
- Massachusetts Financial Services$833m
- Bank of New York Mellon$783mCut
- Geode Capital Management$739m
- Deutsche Bank AG$610mAdded
- Boston Partners$575mAdded
- Parnassus Investments$561mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- Vanguard Capital ManagementPassive investor7.5%Since 31 March 2026
- BlackRock, Inc.Passive investor7.5%Since 31 March 2025
- Vanguard Portfolio ManagementPassive investor5.1%Since 31 March 2026
- Bank of New York Mellon CorpPassive investorSold down below 5%Since 31 December 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Vanguard Capital Management Passive investor | 7.5% | 31 March 2026 | |
BlackRock, Inc. Passive investor | 7.5% | 31 March 2025 | |
Vanguard Portfolio Management Passive investor | 5.1% | 31 March 2026 | |
Bank of New York Mellon Corp Passive investor | Sold down below 5% | 31 December 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $186,719 of shares on the open market. 5 sold $20m.
- DEL NERO JONATHAN M.Vice President, ControllerSold
- Date
- 11 August 2026
- Shares
- 547
- Price
- $518.56
- Value
- $283,653
- Mikes Mark EugenePresident Electrical SolutionsSold
- Date
- 17 February 2026
- Shares
- 2,601
- Price
- $523.73
- Value
- $1m
- LANE KATHERINE ANNESenior VP, GC & SecretarySold
- Date
- 9 February 2026
- Shares
- 4,610
- Price
- $505.60
- Value
- $2m
- DEL NERO JONATHAN M.Vice President, ControllerSold
- Date
- 9 February 2026
- Shares
- 2,245
- Price
- $500.60
- Value
- $1m
- FLYNN ALYSSA RChief Human Resources OfficerSold
- Date
- 6 February 2026
- Shares
- 1,228
- Price
- $497.14
- Value
- $610,486
- BAKKER GERBENChairman, President & CEO, DirectorSold
- Date
- 6 February 2026
- Shares
- 25,233
- Price
- $498.97
- Value
- $13m
- MALLOY JOHN F.DirectorBought
- Date
- 17 November 2025
- Shares
- 435
- Price
- $429.24
- Value
- $186,719
- Mikes Mark EugenePresident Electrical SolutionsSold
- Date
- 5 November 2025
- Shares
- 2,470
- Price
- $466.50
- Value
- $1m
- FLYNN ALYSSA RChief Human Resources OfficerSold
- Date
- 3 November 2025
- Shares
- 2,011
- Price
- $470.32
- Value
- $945,814
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 11 August 2026 | DEL NERO JONATHAN M. Vice President, Controller | Sold | 547 | $518.56 | $283,653 |
| 17 February 2026 | Mikes Mark Eugene President Electrical Solutions | Sold | 2,601 | $523.73 | $1m |
| 9 February 2026 | LANE KATHERINE ANNE Senior VP, GC & Secretary | Sold | 4,610 | $505.60 | $2m |
| 9 February 2026 | DEL NERO JONATHAN M. Vice President, Controller | Sold | 2,245 | $500.60 | $1m |
| 6 February 2026 | FLYNN ALYSSA R Chief Human Resources Officer | Sold | 1,228 | $497.14 | $610,486 |
| 6 February 2026 | BAKKER GERBEN Chairman, President & CEO, Director | Sold | 25,233 | $498.97 | $13m |
| 17 November 2025 | MALLOY JOHN F. Director | Bought | 435 | $429.24 | $186,719 |
| 5 November 2025 | Mikes Mark Eugene President Electrical Solutions | Sold | 2,470 | $466.50 | $1m |
| 3 November 2025 | FLYNN ALYSSA R Chief Human Resources Officer | Sold | 2,011 | $470.32 | $945,814 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 12 Feb 2026, plus the 10-Q filed 29 Jul 2026 and 7 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.