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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$24.8B
P/E Ratio27.38
ROE25.77%

Products & Services

TOTAL NET SALES

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Grid Infrastructure$609.8M$617.7M$698.7M$714.8M$717M$727.1M
Industrial$287.7M$302.4M$295.4M$325M$336.3M$335.6M
Electrical Products$199.5M$205.7M$253.4M$233.6M$220.5M$232.2M
Grid Automation$237.3M$239.4M$236.8M$229M$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$21.1M$21.3M$21.3M$21.3M$21.3M—

Business Segments

Cost of goods sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$573.1M$585.4M$597.6M$602.8M$610.5M$631.8M
Electrical Solutions$309M$337.2M$334.6M$355.3M$357.1M$379.6M

Costs incurred

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electrical Solutions$1M$400K$500K$2.2M$2.8M$3.7M
Utility Solutions$300K$1.3M$2M$2M$800K$300K

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$41.1M$33.8M$34.4M$35.6M$48M$45.9M
Electrical Solutions$12.2M$13.1M$13.9M$13.8M$13.5M$14.3M

Foreign currency translation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electrical Solutions-$4.9M$1.3M$3.7M—$800K-$800K
Utility Solutions-$14M$7.1M$9.5M$1.4M$0$700K

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$676M$676.8M$676M

Pre-tax Restructuring Costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electrical Solutions$1.6M$400K$600K$3.7M$1.2M$5M
Utility Solutions$200K$1.3M$2.2M$2M$600K$300K

Prior year acquisitions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions-$3.8M————-$1.1M
Electrical Solutions$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$600K$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$142M
Electrical Solutions$86.2M$91.3M$96.1M$92M$89.8M$99.5M

TOTAL ASSETS

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$4.6B$4.5B$4.6B$4.7B$5.6B$5.7B
Electrical Solutions$1.9B$2B$2.1B$2.2B$2.2B$2.3B

TOTAL CAPITAL EXPENDITURES

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$37.8M$11.3M$24.6M$18.8M$26.6M$26M
Electrical Solutions$30.2M$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$8M$7.7M$7.5M

Total Gross Profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions$274M$271.7M$337.9M$341M$325.4M$317.1M
Electrical Solutions$178.2M$170.9M$214.2M$203.3M$199.7M$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$167.7M$150.8M$218.2M$219.3M$201.6M$175.1M
Electrical Solutions$92M$79.6M$118.1M$111.3M$109.9M$88.7M

Total Operating Income as a % of Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Utility Solutions—17.6%23.3%23.2%—18.5%
Electrical Solutions0.3%15.7%21.5%19.9%0.2%15.6%