Hubbell (HUBB) Q4 FY2025 earnings: revenue $1.5 billion, up 11.9% on the year

Hubbell Inc. (HUBB) reported revenue of $1.5 billion for Q4 FY2025, the quarter ended 31 December 2025, up 11.9% on the same quarter a year earlier. Net income was $224 million, up 13.1% on the year, and diluted earnings per share $4.19. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2026.

Revenue

$1.5 billion

+11.9% on the year · -0.6% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

20.3%

19.3% a year earlier

Q1 FY2024Q4 FY2025

Net income

$224 million

+13.1% on the year · -12.3% on the quarter

Q1 FY2024Q4 FY2025

Diluted EPS

$4.19

+14.5% on the year · -12.2% on the quarter

Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 9 new.

Q4 sales and profit grew double digits: Q4 net sales were $1,492.7 million, up 12%, with organic growth of 9% and acquisitions adding 3%. Operating income was $311.5 million, up 20%.
Q4 adjusted EPS up 15%: Q4 GAAP diluted EPS was $4.19, up 14%. Adjusted diluted EPS was $4.73, up 15%, with adjusted net income of $253.5 million.
Utility Solutions Q4 sales up 10%: Utility Solutions Q4 net sales were $936 million, up 10%. Grid Infrastructure rose about 18%, while Grid Automation fell about 8%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	1,493	1,502	1,334	-0.6%	+11.9%
Cost of revenue	968	958	882	+1.0%	+9.7%
Gross profit	525	544	452	-3.5%	+16.1%
Gross margin	35.2%	36.2%	33.9%
Selling, general and administrative	214	214	192	-0.0%	+11.0%
Operating income	303	331	258	-8.4%	+17.4%
Operating margin	20.3%	22.0%	19.3%
Interest expense	22.2	13.6	14.2	+63.2%	+56.3%
Pre-tax income	273	311	244	-12.3%	+11.8%
Income tax	54.2	54.4	46.0	-0.4%	+17.8%
Effective tax rate	19.9%	17.5%	18.8%
Net income	224	256	198	-12.3%	+13.1%
Net margin	15.0%	17.0%	14.9%
Diluted EPS	$4.19	$4.77	$3.66	-12.2%	+14.5%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	448	284	432	+57.4%	+3.5%
Capital expenditure	58.7	30.5	68.0	+92.5%	-13.7%
Free cash flow	389	254	364	+53.2%	+6.7%
Free cash flow margin	26.0%	16.9%	27.3%
Cash from investing	-879	-74.8	-79.1
Cash from financing	246	74.9	-447	+228.7%
Depreciation and amortisation	61.7	49.4	53.3	+24.9%	+15.8%
Share-based compensation	6.0	6.3	6.4	-4.8%	-6.2%
Buybacks	0.0	0.0	10.0
Dividend per share	n/a	$1.32	n/a
Diluted shares, weighted	n/a	53m	n/a
Shares outstanding at period end	53m	53m	54m	+0.2%	-0.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	3,848	3,681	3,268	+4.5%	+17.7%
Non-controlling interest	10.0	11.7	14.4	-14.5%	-30.6%
Debt	2,325	1,996	1,568	+16.5%	+48.3%
Operating lease liabilities	121	116	117	+4.0%	+3.3%
Other liabilities	1,924	1,721	1,711	+11.8%	+12.5%
Total liabilities and equity	8,229	7,527	6,679	+9.3%	+23.2%
Fixed assets	841	766	727	+9.8%	+15.8%
Goodwill	3,061	2,589	2,501	+18.2%	+22.4%
Intangible assets	1,394	1,060	1,080	+31.6%	+29.1%
Investments	114	114	101	-0.1%	+12.9%
Trading assets	32.5	31.7	28.1	+2.5%	+15.7%
Cash and equivalents	482	667	329	-27.6%	+46.6%
Receivables	857	910	756	-5.8%	+13.3%
Inventory	1,084	1,054	842	+2.9%	+28.7%
Other assets	363	336	316	+8.0%	+14.9%
Total assets	8,229	7,527	6,679	+9.3%	+23.2%

Questions

What was Hubbell's revenue in Q4 FY2025?

Hubbell (HUBB) reported revenue of $1.5 billion for Q4 FY2025, the quarter ended 31 December 2025, up 11.9% on the same quarter a year earlier.

How much did Hubbell earn in Q4 FY2025?

Net income for Q4 FY2025 was $224 million, up 13.1% on the year, and diluted earnings per share $4.19.

When did Hubbell report Q4 FY2025 results?

Hubbell filed its 10-K for the quarter ended 31 December 2025 with the SEC on 12 February 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 †	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024	Q1 FY2025 †	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,100	1,156	1,256	1,316	1,220	1,285	1,366	1,376	1,346	1,399	1,452	1,443	1,334	1,365	1,484	1,502	1,493	1,517	1,712	1,872
Cost of revenue	810	833	873	918	853	837	870	888	890	966	939	937	882	923	932	958	968	1,011	1,099	1,184
Gross profit	290	323	383	398	367	448	496	487	456	434	514	506	452	443	552	544	525	505	613	688
Gross margin	26%	28%	31%	30%	30%	35%	36%	35%	34%	31%	35%	35%	34%	32%	37%	36%	35%	33%	36%	37%
SG&A	156	180	193	195	195	200	208	211	231	219	208	193	192	212	216	214	214	242	264	280
Operating income	134	143	191	204	172	249	288	276	226	228	306	313	258	230	336	331	303	264	349	409
Operating margin	12%	12%	15%	15%	14%	19%	21%	20%	17%	16%	21%	22%	19%	17%	23%	22%	20%	17%	20%	22%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	9.2	7.8	n/a	21.1	19.8	18.7	14.2	13.8	14.5	13.6	22.2	22.0	39.1	58.0
Pre-tax income	124	133	176	191	157	235	274	265	210	201	285	288	244	211	315	311	273	236	304	345
Tax rate	18%	22%	22%	20%	21%	22%	24%	24%	18%	26%	23%	21%	19%	22%	22%	17%	20%	23%	20%	23%
Net income	118	180	122	139	105	182	207	200	171	137	218	226	198	163	244	256	224	182	240	262
Net margin	11%	16%	10%	11%	9%	14%	15%	15%	13%	10%	15%	16%	15%	12%	16%	17%	15%	12%	14%	14%
Diluted EPS	$2.14	$3.31	$2.26	$2.57	$1.93	$3.37	$3.82	$3.70	$3.16	$2.73	$4.01	$4.18	$3.66	$3.03	$4.56	$4.77	$4.19	$3.41	$4.52	$4.94
Operating cash flow	n/a	n/a	n/a	n/a	n/a	114	228	194	346	92.2	240	227	432	37.4	261	284	448	86.6	250	323
Capital expenditure	23.7	21.4	20.5	25.3	62.1	33.4	35.5	34.9	61.9	40.3	33.9	38.2	68.0	26.0	39.9	30.5	58.7	40.6	37.0	42.2
Free cash flow	n/a	n/a	n/a	n/a	n/a	80.3	192	159	284	51.9	206	189	364	11.4	221	254	389	46.0	213	280
Buybacks	0.0	144	6.0	0.0	32.0	20.0	0.0	10.0	0.0	10.0	10.0	10.0	10.0	125	100	0.0	0.0	168	36.0	0.0
Shares outstanding	55m	54m	54m	54m	54m	54m	54m	54m	54m	54m	54m	54m	54m	53m	53m	53m	53m	53m	53m	53m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-K	10-Q	10-Q	10-K	10-K	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2025, filed 12 February 2026: the filing.