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Hubbell Income Statement

Revenue, expenses, and profitability over time

Hubbell generated $6.0B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $905.7M with a 15.1% net margin. Gross margin stands at 35.47% and operating margin at 20.72%. Diluted EPS is $16.93, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$6.0BGross Profit (TTM)$2.1BOperating Income (TTM)$1.2BNet Income (TTM)$905.7MEps Diluted (TTM)$16.93
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$24.8B
P/E Ratio27.38
ROE25.77%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Compensation and benefits—$14.4M$6.3M$6.3M—$14.4M
Depreciation and amortization$53.3M$46.9M$48.3M$49.4M$61.5M$60.2M
Separation costs$1.8M$1.7M$2.8M$5.7M$1.8M$5.3M
Restructuring charges—$1.7M$2.8M$5.7M—$5.3M
Selling, general and administrative$192.5M$212.2M$215.8M$213.7M$213.6M$241.5M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$3.69$3.04$4.58$4.80$4.21$3.42
Diluted earnings per share$3.66$3.03$4.56$4.77$4.19$3.41
Weighted-average shares, basic—53.5M53.2M53.1M—53.1M
Weighted-average shares, diluted—53.8M53.5M53.4M—53.3M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on disposal of assets$0-$200K-$400K$0—-$500K
Interest expense-$14.2M-$13.8M-$14.5M-$13.6M-$22.2M-$22M
Interest Income (Expense), Nonoperating-$14.2M-$13.8M-$14.5M-$13.6M-$22.2M-$22M
Other income (expense), net$0-$5.3M-$6.2M-$5.9M-$7.8M-$5.4M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$452.2M$442.6M$552.1M$544.3M$525.1M$505.3M
Operating income$259.7M$230.4M$336.3M$330.6M$311.5M$263.8M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$245.8M$211.3M$315.2M$311.1M$281.5M$236.4M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$46.4M$46.8M$69.7M$54.4M$56.3M$53.4M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income attributable to noncontrolling interests—$1.3M$1.3M$1.2M—$1.2M
Net income$198.2M$163.2M$244.2M$255.5M$224.2M$181.8M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additions / (Releases)—$800K$1.2M$100K—$400K
Amortization of capitalized software and acquired intangible assets—$24.5M$24.8M$24.7M—$27.9M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation—$17.2M$35.8M$284.3M—$19.2M
Dividends declared (in dollars per share)—$1.32$1.32$1.32—$1.42
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$182.7M$276.5M$259.5M—$182.4M
Less: comprehensive income attributable to noncontrolling interest—$1.3M$1.3M$1.2M—$1.2M
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest—$184M$277.8M$260.7M—$183.6M
Revenue recognized that was included in deferred income at the beginning of the period—$33.2M$31.9M$12.8M—$43.5M
Deferred taxes—$600K-$19M——-$3M
Effect of exchange rate changes on cash, cash equivalents and restricted cash—$4.1M$9M——-$2.7M
Gain/(loss) on dispositions, net-$300K-$200K$1.5M-$2.2M-$300K-$500K
Foreign Currency Translation and Other Adjustments—$8.4M$13.2M$300K—-$100K
Purchase Price Adjustments—————-$1.1M
Accounts payable—-$1.1M-$10.8M$1M$17.2M$43.3M
Increase (Decrease) in Accounts Receivable-$138.8M$142.7M—$7.3M—$117.8M
Increase (decrease) in contract liabilities and current deferred income—$35M—-$20M—$6.7M
Increase (Decrease) in Deferred Charges—$68.2M$6.5M——$36.8M
Increase (Decrease) in Inventories—-$7.7M$22.8M$22.8M—$61.2M
Increase (decrease) in other current liabilities—-$22.7M$800K-$16.9M$72.1M-$25.7M
Increase (Decrease) in Other Operating Assets and Liabilities, Net—$11.1M—-$11.7M—$6.5M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$447M$75M-$192.5M$74.9M$246.2M-$23.4M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$79.1M-$99.3M-$41.3M-$74.8M-$879.2M-$41.3M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$432.4M$37.4M$260.6M$284.3M$447.5M$86.6M
Net Income Loss Attributable To Noncontrolling Interest—$1.3M$1.3M$1.2M—$1.2M
Number of operating segments—2.00———2.00
Number of reportable segments—2.00———2.00
Total Operating Income as a % of Net Sales—16.9%22.7%22.0%—17.4%
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax—$700K$600K$600K—$1M
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax—$17.3M$31M$1M—-$1.1M
Unrealized gains (losses) on available-for-sale debt securities, tax—$100K$100K$100K—-$100K
Unrealized gains (losses) on available-for-sale securities—$200K$300K$300K—-$300K
AOCI before reclass, net of taxes—$17.5M———-$900K
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax—-$100K-$400K$100K—$200K
Unrealized gains (losses) on hedge instruments—-$400K-$1.1M$500K—$600K
Other comprehensive income (loss)—$19.5M$32.3M$4M—$600K
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax—-$2.4M-$2.1M-$2.2M—-$1.4M
Other Noncash Income (Expense)$10.2M-$700K-$1.9M$6.2M$12.5M$600K
Other income, net (Note 6)$0-$5.3M-$6.2M-$5.9M-$7.8M-$5.4M
Payment for (Proceeds from) Other Investing Activity$3.1M$0-$6M-$6.4M-$12.3M-$600K
Payments for Repurchase of Common Stock$10M$125M$100M——$167.5M
Payments Of Dividends Minority Interest—$70.7M$70.2M$70.2M—$75.4M
Payments to Acquire Debt Securities, Available-for-Sale$9.3M$3.9M$11.6M$2.1M$7.6M$5.1M
Payments to Acquire Businesses, Net of Cash Acquired—$73.3M$0$55.9M$829.2M-$2.4M
Payments to Acquire Productive Assets$68M$26M$39.9M$30.5M$58.7M$40.6M
Payments To Acquire Trading Securities Heldforinvestment—$1.3M$1.8M$300K—$1.3M
Cash contributions for pension plans—$20M$1.4M——$0
Percentage of revenue from service contracts and post-shipment obligations (approximate)—1.0%———1.0%
Financing — other-$1.8M-$20.6M-$8.7M-$3.5M-$6.5M-$27.4M
Proceeds from (Repayments of) Short-Term Debt—$291.3M—$148.6M—$246.9M
Proceeds from sales and redemptions of investments in debt securities classified as available for sale$1.3M$3.9M$1.5M$7.3M$4M$1.4M
Proceeds From Sale Of Trading Securities Heldforinvestment—$3M$300K——$2.7M
Standard and Extended Product Warranty Accrual, Decrease for Payments—$3.4M$3.5M$4.3M—$3.6M
Product Warranty Accrual Warranties Issued—$3.3M$3.1M$2.9M—$4.5M
Reclassified net gains (losses) from AOCI into earnings—-$2M———-$1.5M
Foreign exchange and other—-$2.2M-$2.8M-$4.1M—-$3.4M
Revenue From Contract With Customer Excluding Assessed Tax$1.3B$1.4B$1.5B$1.5B$1.5B$1.5B
Stock-based compensation$6.4M$14.4M$6.3M$6.3M$6M$14.4M
Total Other Income (Expense)-$13.9M-$19.1M-$21.1M-$19.5M-$30M-$27.4M
Undistributed Earnings Loss Allocated To Participating Securities Basic—$300K$400K$400K—$200K
Add: dilutive effect of potential common shares (in shares)—$300K$300K$300K—$200K

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$882.1M$922.6M$932.2M$958.1M$967.6M$1B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.3B$1.4B$1.5B$1.5B$1.5B$1.5B