Hubbell Inc (HUBB) financial statements: income statement, balance sheet and cash flow
Hubbell Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Hubbell Inc reported revenue of $5.8B (+3.8% year on year) and net income of $891.9M.
Income statement
Hubbell Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$5.8B
$5.6B
$5.4B
$4.9B
Cost of goods sold
$3.8B
$3.7B
$3.5B
$3.5B
Gross profit
$2.1B
$1.9B
$1.9B
$1.5B
Selling & administrative expenses
$855.3M
$812.5M
$849.6M
$762.5M
Operating income
$1.2B
$1.1B
$1.0B
$709.1M
Loss on disposition of business (Note 3)
($400.0K)
($5.3M)
$0
$0
Interest expense, net
($64.1M)
($73.8M)
($36.7M)
($49.6M)
Other expense, net
($25.2M)
($7.2M)
($18.5M)
$4.5M
Total other expense
($89.7M)
($86.3M)
($55.2M)
($52.1M)
Income before income taxes
$1.1B
$1.0B
$983.3M
$657.0M
Provision for income taxes
$227.2M
$221.8M
$217.3M
$140.2M
Net income
$891.9M
—
—
—
Less: Net income attributable to noncontrolling interest
($4.8M)
($5.7M)
($6.2M)
—
Net income attributable to Hubbell Incorporated
$887.1M
$777.8M
$759.8M
$545.9M
Basic earnings per share (USD per share)
$16.63
$14.46
$14.14
$10.13
Diluted earnings per share (USD per share)
$16.54
$14.37
$14.05
$10.07
Hubbell Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$1.7B
$1.5B
$1.5B
$1.5B
Cost of goods sold
$1.1B
$1.0B
$958.1M
$932.2M
Gross profit
$613.0M
$505.3M
$544.3M
$552.1M
Selling & administrative expenses
$264.4M
$241.5M
$213.7M
$215.8M
Operating income
$348.6M
$263.8M
$330.6M
$336.3M
Interest expense, net
($39.1M)
($22.0M)
($13.6M)
($14.5M)
Loss on disposition of business
$0
—
$0
($400.0K)
Other expense, net
($5.8M)
($5.4M)
($5.9M)
($6.2M)
Total other expense, net
($44.9M)
($27.4M)
($19.5M)
($21.1M)
Income before income taxes
$303.7M
$236.4M
$311.1M
$315.2M
Provision for income taxes
$61.5M
$53.4M
$54.4M
$69.7M
Net income
$242.2M
$183.0M
$256.7M
$245.5M
Less: Net income attributable to noncontrolling interest
($1.8M)
($1.2M)
($1.2M)
($1.3M)
Net income attributable to Hubbell Incorporated
$240.4M
$181.8M
$255.5M
$244.2M
Basic earnings per share (USD per share)
$4.54
$3.42
$4.80
$4.58
Diluted earnings per share (USD per share)
$4.52
$3.41
$4.77
$4.56
Balance sheet
Hubbell Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$482.5M
$329.1M
$336.1M
$440.5M
Short-term investments
$15.4M
$15.9M
$12.6M
$14.3M
Accounts receivable (net of allowances of $13.9 and $11.3)
$856.9M
$756.0M
$785.4M
$741.6M
Inventories, net
$1.1B
$841.8M
$832.9M
$740.7M
Other current assets
$155.4M
$146.5M
$129.7M
$84.3M
Total Current Assets
$2.6B
$2.1B
$2.2B
$2.0B
Property, Plant, and Equipment, net
$841.2M
$726.6M
$652.6M
$528.0M
Investments
$98.4M
$84.9M
$75.8M
$65.9M
Goodwill
$3.1B
$2.5B
$2.5B
$2.0B
Other intangible assets, net
$1.4B
$1.1B
$1.2B
$669.9M
Other long-term assets
$240.1M
$197.5M
$197.1M
$146.9M
TOTAL ASSETS
$8.2B
$6.7B
$6.9B
$5.4B
Short-term debt
$289.1M
$125.4M
$117.4M
$4.7M
Accounts payable
$570.5M
$541.7M
$563.5M
$529.9M
Accrued salaries, wages and employee benefits
$115.4M
$145.7M
$173.6M
$144.2M
Accrued insurance
$83.0M
$89.0M
$79.1M
$75.6M
Other accrued liabilities
$450.7M
$372.4M
$365.2M
$334.1M
Total Current Liabilities
$1.5B
$1.3B
$1.3B
$1.1B
Long-term Debt
$2.0B
$1.4B
$2.0B
$1.4B
Other Non-Current Liabilities
$825.9M
$679.5M
$660.6M
$505.6M
TOTAL LIABILITIES
$4.4B
$3.4B
$4.0B
$3.0B
Common stock - Authorized 200,000,000 shares, outstanding 53,253,805 and 53,759,976 shares
600.0K
600.0K
600.0K
600.0K
Additional paid-in capital
$6.4M
$2.6M
$6.1M
$0
Retained earnings
$4.2B
$3.7B
$3.2B
$2.7B
Accumulated other comprehensive loss
($314.8M)
($386.5M)
($312.4M)
($345.2M)
Total Hubbell Incorporated Shareholders’ Equity
$3.8B
$3.3B
$2.9B
$2.4B
Noncontrolling interest
$10.0M
$14.4M
$12.3M
$9.7M
TOTAL EQUITY
$3.9B
$3.3B
$2.9B
$2.4B
TOTAL LIABILITIES AND EQUITY
$8.2B
$6.7B
$6.9B
$5.4B
Hubbell Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$378.6M
$501.6M
$666.8M
$382.6M
Short-term investments
$16.1M
$15.3M
$14.1M
$17.0M
Accounts receivable (net of allowances of $17.0 and $13.9)
$1.2B
$974.4M
$909.9M
$899.7M
Inventories, net
$1.3B
$1.1B
$1.1B
$1.0B
Other current assets
$197.2M
$171.6M
$145.5M
$147.5M
Total Current Assets
$3.0B
$2.8B
$2.8B
$2.5B
Property, Plant, and Equipment, net
$902.4M
$843.4M
$766.1M
$745.6M
Investments
$103.7M
$99.8M
$99.8M
$96.0M
Goodwill
$4.4B
$3.1B
$2.6B
$2.6B
Other intangible assets, net
$3.2B
$1.4B
$1.1B
$1.1B
Other long-term assets
$285.8M
$246.3M
$222.3M
$202.8M
TOTAL ASSETS
$11.8B
$8.4B
$7.5B
$7.1B
Short-term debt
$568.7M
$536.0M
$951.5M
$802.7M
Accounts payable
$650.5M
$605.5M
$536.6M
$529.5M
Accrued salaries, wages and employee benefits
$117.1M
$90.6M
$110.9M
$106.1M
Accrued insurance
$84.9M
$89.8M
$80.2M
$81.3M
Other accrued liabilities
$449.3M
$453.1M
$375.1M
$388.8M
Total Current Liabilities
$1.9B
$1.8B
$2.1B
$1.9B
Long-Term Debt
$4.8B
$2.0B
$1.0B
$1.0B
Deferred tax liabilities
$816.0M
—
—
—
Other Non-Current Liabilities
$432.8M
$826.5M
$734.8M
$697.4M
TOTAL LIABILITIES
$7.9B
$4.6B
$3.8B
$3.7B
Hubbell Incorporated Shareholders’ Equity
$3.9B
$3.8B
$3.7B
$3.5B
Noncontrolling interest
$11.1M
$10.6M
$11.7M
$11.1M
TOTAL EQUITY
$3.9B
$3.8B
$3.7B
$3.5B
TOTAL LIABILITIES AND EQUITY
$11.8B
$8.4B
$7.5B
$7.1B
Cash flow statement
Hubbell Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$891.9M
—
—
—
Depreciation and amortization
$206.1M
$212.1M
$149.7M
$148.5M
Deferred income taxes
$11.0M
$1.7M
($16.2M)
($27.8M)
Stock-based compensation
$33.0M
$30.6M
$26.5M
$24.5M
Loss on disposition of business
$400.0K
$5.3M
$0
$0
Loss on sale of assets
$1.2M
$1.0M
$2.5M
$3.5M
(Increase) decrease in accounts receivable
($68.2M)
$22.2M
($1.9M)
($74.2M)
Increase in inventories
($32.3M)
($22.7M)
($42.1M)
($66.5M)
Increase (decrease) in accounts payable
$6.3M
($13.6M)
$13.2M
($15.3M)
Increase (decrease) in current liabilities
$33.3M
($24.3M)
($4.5M)
$108.3M
Changes in other assets and liabilities, net
$4.6M
$14.9M
$2.1M
$13.2M
Contributions to qualified defined benefit pension plans
($41.4M)
($1.3M)
($20.0M)
($12.5M)
Other, net
($16.1M)
($18.2M)
$5.2M
$3.3M
Net cash provided by operating activities
$1.0B
—
—
—
Capital expenditures
($155.1M)
($180.4M)
($165.7M)
($129.3M)
Acquisitions, net of cash acquired
($958.3M)
$5.9M
($1.2B)
($177.1M)
Proceeds from disposal of business, net of cash
$2.6M
$122.9M
$0
$332.8M
Purchases of available-for-sale investments
($25.2M)
($21.0M)
($25.4M)
($33.7M)
Proceeds from sales of available-for-sale investments
$16.7M
$15.8M
$21.8M
$23.0M
Other, net
$24.7M
($2.3M)
$800.0K
$2.4M
NET CASH USED IN INVESTING ACTIVITIES
($1.1B)
—
—
—
Issuance of long-term debt
$1.0B
$0
$600.0M
$0
Payment of long-term debt
($400.0M)
($600.0M)
$0
$0
Issuance of short-term debt
$164.0M
$22.9M
$100.0M
$0
Payment of short-term debt
($300.0K)
$0
($2.2M)
($4.8M)
Payment of dividends
($286.6M)
($267.3M)
($245.5M)
($229.6M)
Debt issuance cost
($9.2M)
$0
($2.2M)
$0
Acquisition of common shares
-225.0M
-40.0M
-30.0M
-182.0M
Other
($39.3M)
($39.0M)
($31.6M)
($20.7M)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
$203.6M
($923.4M)
$388.5M
($437.1M)
Effect of foreign currency exchange rate changes on cash and cash equivalents
$13.9M
($16.4M)
$6.9M
($8.8M)
Increase (decrease) in cash, cash equivalents, and restricted cash
$152.7M
($7.7M)
($104.0M)
$153.7M
Cash and cash equivalents, beginning of year
$329.1M
$336.1M
$440.5M
$286.2M
Restricted cash, included in other assets, beginning of year
$2.5M
$3.2M
$2.8M
$2.7M
Less: Restricted cash, included in Other Assets
$1.8M
$2.5M
$3.2M
$2.8M
Cash and cash equivalents, end of year
$482.5M
$329.1M
$336.1M
$440.5M
Hubbell Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$425.2M
$183.0M
$666.7M
$410.0M
Depreciation and amortization
$127.8M
$60.2M
$144.6M
$95.2M
Deferred income taxes
($8.9M)
($3.0M)
($8.2M)
($18.4M)
Stock-based compensation
$21.9M
$14.4M
$27.0M
$20.7M
Loss on disposition of business
$0
—
$400.0K
$400.0K
Loss (gain) on sale of assets
$1.5M
$500.0K
$900.0K
($1.3M)
Increase in accounts receivable, net
($167.1M)
($117.8M)
($147.7M)
($140.4M)
Increase in inventories, net
($79.2M)
($61.2M)
($37.9M)
($15.1M)
Increase (decrease) in accounts payable
$68.0M
$43.3M
($10.9M)
($11.9M)
Decrease in current liabilities
($36.9M)
($25.7M)
($38.8M)
($21.9M)
Changes in other assets and liabilities, net
($18.4M)
($6.5M)
$11.2M
($500.0K)
Contribution to qualified defined benefit pension plans
($1.4M)
$0
($21.4M)
($21.4M)
Other, net
$3.9M
($600.0K)
($3.6M)
$2.6M
Net cash provided by operating activities
$336.4M
$86.6M
$582.3M
$298.0M
Capital expenditures
($77.6M)
($40.6M)
($96.4M)
($65.9M)
Acquisitions, net of cash acquired
($3.0B)
$2.4M
($129.1M)
($73.2M)
Proceeds from disposal of business, net of cash
$0
—
$2.6M
$2.6M
Purchases of available-for-sale investments
($12.9M)
($5.1M)
($17.6M)
($15.5M)
Proceeds from available-for-sale investments
$8.3M
$1.4M
$12.7M
$5.4M
Other, net
$1.3M
$600.0K
$12.4M
$6.0M
Net cash used in investing activities
($3.1B)
($41.3M)
($215.4M)
($140.6M)
Issuance of long-term debt
$2.8B
—
—
—
Borrowing of short-term debt, net
$279.6M
$246.9M
$426.3M
$277.7M
Payment of dividends
($150.4M)
($75.4M)
($211.1M)
($140.9M)
Debt issuance costs
($19.9M)
—
—
—
Acquisition of common shares
-203.5M
-167.5M
-225.0M
-225.0M
Other, net
($41.6M)
($27.4M)
($32.8M)
($29.3M)
Net cash provided (used in) by financing activities
$2.7B
($23.4M)
($42.6M)
($117.5M)
Effect of exchange rate changes on cash and cash equivalents
($1.2M)
($2.7M)
$13.0M
$13.1M
(Decrease) increase in cash and cash equivalents
($99.7M)
$19.2M
$337.3M
$53.0M
Cash and cash equivalents, beginning of year
$482.5M
$482.5M
$329.1M
$329.1M
Restricted cash, included in other assets, beginning of year