What is Hubbell's contract assets?

Hubbell (HUBB) reported contract assets of $66.4M in Q2 2026.

How has Hubbell's contract assets changed year-over-year?

Hubbell's contract assets increased by 42.5% year-over-year, from $46.6M to $66.4M.

What is the long-term trend for Hubbell's contract assets?

Over 2 years (2023 to 2025), Hubbell's contract assets has grown at a 7.6% compound annual growth rate (CAGR), from $41.6M to $48.2M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Hubbell HUBB Contract Assets

Contract Assets at other companies

Powell IndustriesPOWL

$113.3M-2.3%

EMCOR GroupEME

$400.54M+15.1%

Quanta ServicesPWR

$1.53B+13.9%

ABM IndustriesABM

$174.7M+32.9%

Other financials

Income statement

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Revenue$1.7B+15.3%

Gross profit$613.0M+11.0%

Operating income$348.6M+3.7%

Net income$240.4M-1.6%

EPS (diluted)$4.52-0.9%

Balance sheet

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Cash & equivalents$378.6M-1.0%

Total debt$5.0B+316%

Total equity$3.9B+12.2%

Total assets$11.8B+65.7%

Cash flow

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Operating cash flow$249.8M-4.1%

CapEx$37.0M-7.3%

Free cash flow$212.8M-3.6%

Valuation

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Market cap$25.56B+12.1%

Enterprise value$30.17B+27.7%

P/E28.3×+0.7×

P/S4.1×+0.1×

Profitability

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Gross margin35.2%+0.6pp

Operating margin20.2%-0.1pp

Net margin14.5%-0.2pp

FCF margin14.5%+0.5pp

Returns & leverage

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Return on equity24.4%-0.9pp

Debt / equity1.3×+0.9×

Current ratio1.6×+0.3×

Where this comes from

Reported directly by Hubbell in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Hubbell’s 10-Q, filed July 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hubbell's contract assets?: Hubbell (HUBB) reported contract assets of $66.4M in Q2 2026.
How has Hubbell's contract assets changed year-over-year?: Hubbell's contract assets increased by 42.5% year-over-year, from $46.6M to $66.4M.
What is the long-term trend for Hubbell's contract assets?: Over 2 years (2023 to 2025), Hubbell's contract assets has grown at a 7.6% compound annual growth rate (CAGR), from $41.6M to $48.2M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.