Income StatementBalance SheetCash FlowSegments
Hubbell logo

Hubbell Business Segments

Business, geographic, and product segment breakdowns

Hubbell generates $6.0B in annual revenue across 2 key segments: Electrical Solutions ($2.2B), and Utility Solutions ($3.8B). The company-wide operating margin is 20.72%. Based on the Q1 2026 filing.

Electrical Solutions (TTM)$2.2BUtility Solutions (TTM)$3.8B
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$24.9B
P/E Ratio27.47
ROE25.77%

Products & Services

TOTAL NET SALES

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Grid Infrastructure$609.8M$617.7M$698.7M$714.8M$717.0M$727.1M
Industrial$264.0M$273.0M$295.4M$325.0M$393.7M$335.6M
Electrical Products$265.1M$235.1M$253.4M$233.6M$163.1M$232.2M
Grid Automation$237.3M$239.4M$236.8M$229.0M$218.9M$221.8M

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
TOTAL NET SALES$110.5M$104.3M$114.5M$112.9M$101.6M$110.1M
Concentration risk (as percent)2.5%2.3%2.3%2.3%2.3%—
TOTAL LONG-LIVED ASSETS$457.3M———$486.1M—
Total Operating Income$21.2M$21.3M$21.3M$21.3M$21.3M—

Business Segments

Cost of goods sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$584.9M$576.2M$597.6M$602.8M$619.7M$631.8M
Electrical Solutions$312.8M$337.8M$334.6M$355.3M$356.5M$379.6M

Costs incurred

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electrical Solutions$2.5M$400.0K$500.0K$2.2M$0.0$3.7M
Utility Solutions$700.0K$1.3M$2.0M$2.0M$700.0K$300.0K

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$41.1M$33.8M$34.4M$35.6M$48.0M$45.9M
Electrical Solutions$12.2M$12.9M$13.9M$13.8M$13.7M$14.3M

Foreign currency translation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electrical Solutions-$4.9M$1.3M$3.7M-$1.1M$800.0K-$800.0K
Utility Solutions-$14.0M$7.1M$9.5M$1.4M$0.0$700.0K

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$1.9B$1.9B$1.9B$1.9B$2.4B$2.4B
Electrical Solutions$632.4M$673.3M$677.1M$676.0M$676.8M$676.0M

Pre-tax Restructuring Costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electrical Solutions$1.6M$400.0K$600.0K$3.7M$1.2M$5.0M
Utility Solutions$200.0K$1.3M$2.2M$2.0M$600.0K$300.0K

Prior year acquisitions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions-$3.8M————-$1.1M
Electrical Solutions$0.0————$0.0

Remaining costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electrical Solutions$1.6M$3.9M$5.3M$3.7M$2.1M$5.5M
Utility Solutions$600.0K$1.6M$2.5M$2.7M$1.7M$1.4M

Selling & administrative expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$106.3M$120.9M$119.7M$121.7M$123.8M$142.0M
Electrical Solutions$86.2M$91.3M$96.1M$92.0M$89.8M$99.5M

TOTAL ASSETS

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$4.5B$4.5B$4.6B$4.7B$5.6B$5.7B
Electrical Solutions$1.9B$2.0B$2.1B$2.2B$2.2B$2.3B

TOTAL CAPITAL EXPENDITURES

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$34.5M$11.3M$24.6M$18.8M$26.6M$26.0M
Electrical Solutions$28.4M$14.7M$15.3M$11.7M$32.1M$14.6M

Total expected costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electrical Solutions$8.4M$12.6M$14.5M$13.6M$11.7M$9.2M
Utility Solutions$6.9M$4.5M$5.8M$8.0M$7.7M$7.5M

Total Gross Profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$262.2M$280.9M$337.9M$341.0M$316.2M$317.1M
Electrical Solutions$174.4M$170.3M$214.2M$203.3M$200.3M$188.2M

TOTAL NET SALES

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$847.1M$857.1M$935.5M$943.8M$935.9M$948.9M
Electrical Solutions$487.2M$508.1M$548.8M$558.6M$556.8M$567.8M

Total Operating Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$165.7M$160.0M$218.2M$219.3M$192.4M$175.1M
Electrical Solutions$92.4M$79.0M$118.1M$111.3M$110.5M$88.7M

Total Operating Income as a % of Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions—18.7%23.3%23.2%—18.5%
Electrical Solutions—15.5%21.5%19.9%—15.6%