Upside case
Bull case
$764+52.1%
HUBB would need investors to value it at roughly 39x earnings — about 13x more generous than today's 25x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated May 1, 2026
Hubbell Incorporated (HUBB) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
17
analysts
7 bullish · 1 bearish · 17 covering HUBB
Strong Buy
0
Buy
7
Hold
9
Sell
1
Strong Sell
0
Consensus Target
$535
+6.5% vs today
Scenario Range
$313 – $764
Model bear to bull value window
Coverage
17
Published analyst ratings
Valuation Context
25.5x
Forward P/E · Market cap $26.7B
HUBB price targets
Three scenarios for where HUBB stock could go
Current
~$502
Confidence
61 / 100
Updated
May 1, 2026
Where we are now
Current · $502
Bear
$313
Base
$617
Bull
$764
Market caseClosest to today
Base case
$617+22.8%
At 31x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$313-37.8%
If investor confidence fades or macro conditions deteriorate, a 10x multiple contraction could push HUBB down roughly 38% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Hubbell Incorporated
HUBB · NYSEIndustrialsElectrical Equipment & PartsDecember year-end
Hubbell Incorporated is a manufacturer of electrical and utility products for industrial, commercial, and institutional applications. It generates revenue through two main segments—Electrical Solutions (roughly 60% of sales) and Utility Solutions (roughly 40%)—selling through distributors to contractors, utilities, and industrial customers. The company's competitive advantage lies in its broad product portfolio, established distribution networks, and technical expertise in specialized electrical applications.
Market Cap
$26.7B
Revenue TTM
$6.0B
Net Income TTM
$906M
Net Margin
15.1%
HUBB Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
83%Exceptional
12 quarters tracked
Revenue Beat Rate
33%Exceptional
vs consensus estimates
Avg EPS Surprise
+2.6%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$4.93/$4.36
Revenue
$1.5B/$1.6B
Q4 2025
EPS
$5.17/$4.98
Revenue
$1.5B/$1.5B
Q1 2026
EPS
$4.73/$4.71
Revenue
$1.5B/$1.5B
Q2 2026
EPS
$3.93/$3.87
Revenue
$1.5B/$1.5B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $4.93/$4.36 | +13.1% | $1.5B/$1.6B | -4.3% |
| Q4 2025 | $5.17/$4.98 | +3.8% | $1.5B/$1.5B | -2.1% |
| Q1 2026 | $4.73/$4.71 | +0.4% | $1.5B/$1.5B | +0.3% |
| Q2 2026 | $3.93/$3.87 | +1.6% | $1.5B/$1.5B | +1.0% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$6.3B
+5.6% YoY
FY2
$6.7B
+5.5% YoY
EPS Outlook
FY1
$18.83
+10.8% YoY
FY2
$20.31
+7.9% YoY
Trailing FCF (TTM)$909M
FCF Margin: 15.2%
Next Earnings
May 7, 2026
Expected EPS
$3.87
Expected Revenue
$1.5B
HUBB beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
HUBB Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $5.8B
Product Mix
Latest annual revenue by segment or product family
Utility Solutions Segment
62.8%
+2.0% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Non-US
100.0%
-7.7% YoY
Tap, hover, or focus a slice to inspect segment detail.
Utility Solutions Segment is the largest disclosed segment at 62.8% of FY 2025 revenue, up 2.0% YoY.
Non-US is the largest reported region at 100.0%, down 7.7% YoY.
HUBB Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly Undervalued
Fair value est. $552 — implies +8.5% from today's price.
Upside to Fair Value
8.5%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
HUBB
30.4x
vs
S&P 500
25.2x
+20% premium
vs Industrials Trailing P/E
HUBB
30.4x
vs
Industrials
25.9x
+17% premium
vs HUBB 5Y Avg P/E
Today
30.4x
vs
5Y Average
26.6x
+14% premium
Forward PE
25.5x
S&P 500
19.1x
+34%
Industrials
20.8x
+22%
5Y Avg
—
—
Trailing PE
30.4x
S&P 500
25.2x
+20%
Industrials
25.9x
+17%
5Y Avg
26.6x
+14%
PEG Ratio
1.46x
S&P 500
1.75x
-17%
Industrials
1.59x
-8%
5Y Avg
—
—
EV/EBITDA
21.2x
S&P 500
15.3x
+39%
Industrials
13.9x
+52%
5Y Avg
17.7x
+19%
Price/FCF
30.5x
S&P 500
21.3x
+43%
Industrials
20.6x
+48%
5Y Avg
26.6x
+15%
Price/Sales
4.6x
S&P 500
3.1x
+46%
Industrials
1.6x
+187%
5Y Avg
3.3x
+37%
Dividend Yield
1.07%
S&P 500
1.88%
-43%
Industrials
1.24%
-14%
5Y Avg
1.50%
-29%
| Metric | HUBB | S&P 500 | Industrials | 5Y Avg HUBB |
|---|---|---|---|---|
| Forward PE | 25.5x | 19.1x+34% | 20.8x+22% | — |
| Trailing PE | 30.4x | 25.2x+20% | 25.9x+17% | 26.6x+14% |
| PEG Ratio | 1.46x | 1.75x-17% | 1.59x | — |
| EV/EBITDA | 21.2x | 15.3x+39% | 13.9x+52% | 17.7x+19% |
| Price/FCF | 30.5x | 21.3x+43% | 20.6x+48% | 26.6x+15% |
| Price/Sales | 4.6x | 3.1x+46% | 1.6x+187% | 3.3x+37% |
| Dividend Yield | 1.07% | 1.88% | 1.24% | 1.50% |
HUBB trades above S&P 500 benchmarks on 5 of 6 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolHUBB Financial Health
Verdict
Exceptional
HUBB generates $909M in free cash flow at a 15.2% margin — 17.1% ROIC signals a durable competitive advantage · returns 1.9% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$6.0B
Revenue Growth
TTM vs prior year
+7.2%
Gross Margin
Gross profit as a share of revenue
35.5%
Operating Margin
Operating income divided by revenue
20.8%
Net Margin
Net income divided by revenue
15.1%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$16.99
Free Cash Flow (TTM)
Cash generation after capex
$909M
FCF Margin
FCF as share of revenue — the primary cash quality signal
15.2%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
17.1%
ROA
Return on assets, trailing twelve months
11.6%
Cash & Equivalents
Liquid assets on the balance sheet
$483M
Net Debt
Total debt minus cash
$2.1B
Debt Serviceability
Net debt as a multiple of annual free cash flow
2.3× FCF
~2.3 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
24.4%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
1.9%
Dividend
1.1%
Buyback
0.8%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$225M
Dividend / Share
Annualized trailing dividend per share
$5.35
Payout Ratio
Share of earnings distributed as dividends
32.3%
Shares Outstanding
Declining as buybacks retire shares
53M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageHUBB Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Macroeconomic & End-Market Softness
Hubbell’s revenue is tied to economic cycles and the health of key end markets such as electrical and utility infrastructure. A prolonged downturn or slow growth can reduce demand for its products and services, potentially compressing margins.
High Risk
Cost Inflation & Supply Chain Disruptions
Rising prices for raw materials—steel, aluminum, copper, plastics—can erode profitability. While the company is not dependent on a single supplier, limited sourcing options for certain components expose it to supply chain disruptions.
High Risk
Indebtedness & Leverage Risk
Increasing debt levels could strain Hubbell’s financial stability and limit its ability to invest or weather downturns. Higher interest costs would directly impact operating results.
Medium
Cybersecurity & IT Risk
The company relies on information technology systems for operations and customer service. A cyberattack could disrupt services, compromise data, and result in regulatory penalties.
Medium
Legal & Environmental Contingencies
Hubbell faces potential litigation and environmental liabilities that could result in significant costs or operational restrictions. These contingencies could affect cash flow and reputation.
Medium
Acquisition & Divestiture Integration
Integrating newly acquired businesses or managing divestitures carries execution risk. Failure to realize synergies or cultural alignment could erode expected value.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why HUBB Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Essential Infrastructure & Secular Growth
Hubbell supplies transformers and connectors that are essential for U.S. grid operations, especially as data centers and AI demand rise. Its entrenched position, backed by industry specifications and certifications, creates a regulatory moat that makes its products difficult to displace.
Robust Financial Performance & Profitability
The company has a 90% free cash flow conversion and a trailing 12‑month net profit margin of 15.1%. Recent results show double‑digit growth in net sales, operating profit, and diluted EPS, with earnings up 14.4% year‑over‑year.
Strategic Growth & Acquisitions
Hubbell is actively acquiring firms such as DMC Power to broaden its product portfolio and market reach. New product introductions and productivity initiatives are driving growth in strategic vertical markets, positioning the firm for long‑term electrification tailwinds.
Management & Shareholder Value
Management executes disciplined capital allocation, consistently returning value through dividends and share repurchases. The firm has a track record of dividend increases, reinforcing investor confidence.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
HUBB Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$502.34
52W Range Position
71%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$346.07
+45.2% from the low
52-Week High
$565.50
-11.2% from the high
1 Month
+0.63%
3 Month
-0.29%
YTD
+8.5%
1 Year
+44.2%
3Y CAGR
+22.9%
5Y CAGR
+20.3%
10Y CAGR
+16.9%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
HUBB vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
25.5x
vs 41.1x median
-38% below peer median
Revenue Growth
+5.6%
vs +14.5% median
-61% below peer median
Net Margin
15.1%
vs 12.4% median
+22% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
HUB HUBB Hubbell Incorporated | $26.7B | 25.5x | +5.6% | 15.1% | Hold | +6.5% |
ETN ETN Eaton Corporation plc | $163.5B | 31.7x | +9.1% | 14.0% | Buy | -9.9% |
ROK ROK Rockwell Automation, Inc. | $51.6B | 37.8x | +1.5% | 12.4% | Hold | -5.0% |
NVT NVT nVent Electric plc | $27.9B | 41.1x | +18.8% | 11.4% | Buy | -22.3% |
LEG LEGN Legend Biotech Corporation | $5.3B | 119.7x | +48.3% | -28.8% | Buy | +99.9% |
POW POWL Powell Industries, Inc. | $11.7B | 58.0x | +14.5% | 16.5% | Hold | -33.3% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
HUBB Dividend and Capital Return
HUBB returns 1.9% total yield, led by a 1.07% dividend, raised 18 consecutive years. Buybacks add another 0.8%.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
1.9%
Dividend + buyback return per year
Buyback Yield
0.8%
Dividend Yield
1.07%
Payout Ratio
32.3%
How HUBB Splits Its Return
Div 1.07%
Buyback 0.8%
Dividend 1.07%Buybacks 0.8%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$5.35
Growth Streak
Consecutive years of dividend increases
18Y
3Y Div CAGR
8.0%
5Y Div CAGR
7.7%
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
5 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$225M
Estimated Shares Retired
447.9K
Approx. Share Reduction
0.8%
Shares Outstanding
Current diluted share count from the screening snapshot
53M
At 0.8%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $2.84 | — | — | — |
| 2025 | $5.38 | +8.0% | 0.9% | 2.2% |
| 2024 | $4.98 | +8.7% | 0.2% | 1.4% |
| 2023 | $4.58 | +7.3% | 0.2% | 1.6% |
| 2022 | $4.27 | +7.0% | 1.4% | 3.2% |
FAQ
7 questionsHUBB Investor Questions
Common questions answered from live analyst data and company financials.
01Is Hubbell Incorporated (HUBB) stock a buy or sell in 2026?
Hubbell Incorporated (HUBB) is rated Hold by Wall Street analysts as of 2026. Of 17 analysts covering the stock, 7 rate it Buy or Strong Buy, 9 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $535, implying +6.5% from the current price of $502. The bear case scenario is $313 and the bull case is $764.
02What is the HUBB stock price target for 2026?
The Wall Street consensus price target for HUBB is $535 based on 17 analyst estimates. The high-end target is $575 (+14.5% from today), and the low-end target is $450 (-10.4%). The base case model target is $617.
03Is Hubbell Incorporated (HUBB) stock overvalued in 2026?
HUBB trades at 25.5x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals slightly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Hubbell Incorporated (HUBB) stock in 2026?
The primary risks for HUBB in 2026 are: (1) Macroeconomic & End-Market Softness — Hubbell’s revenue is tied to economic cycles and the health of key end markets such as electrical and utility infrastructure. (2) Cost Inflation & Supply Chain Disruptions — Rising prices for raw materials—steel, aluminum, copper, plastics—can erode profitability. (3) Indebtedness & Leverage Risk — Increasing debt levels could strain Hubbell’s financial stability and limit its ability to invest or weather downturns. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Hubbell Incorporated's revenue and earnings forecast?
Analyst consensus estimates HUBB will report consensus revenue of $6.3B (+5.6% year-over-year) and EPS of $18.83 (+10.8% year-over-year) for the upcoming fiscal year. The following year, analysts project $6.7B in revenue.
06When does Hubbell Incorporated (HUBB) report its next earnings?
Hubbell Incorporated is expected to report its next earnings on approximately 2026-05-07. Consensus expects EPS of $3.87 and revenue of $1.5B. Over recent quarters, HUBB has beaten EPS estimates 83% of the time.
07How much free cash flow does Hubbell Incorporated generate?
Hubbell Incorporated (HUBB) generated $909M in free cash flow over the trailing twelve months — a free cash flow margin of 15.2%. HUBB returns capital to shareholders through dividends (1.1% yield) and share repurchases ($225M TTM).