Short answer
Hubbell Incorporated (HUBB) filed its fiscal 2025 10-K annual report with the SEC on Feb 12, 2026. It reported revenue of $5.8B (+3.8% year over year) and net income of $887M.
- Top risk flagged: Labor union representation risk with 2,425 U.S. employees covered by 8 labor unions potentially affecting 14% of total workforce
FY2025 key financial metrics · XBRL
- Revenue
- $5.8B
- +3.8% YoY
- Net income
- $887M
- +14.1% YoY
- Operating margin
- 20.7%
- +1.3 pp YoY
- Gross margin
- 35.3%
- +1.5 pp YoY
- EPS (diluted)
- $16.54
- +15.1% YoY
- ROE
- 23.1%
- −0.7 pp YoY
- Operating cash flow
- $1.0B
- +3.9% YoY
Source: XBRL data from the Hubbell Incorporated (HUBB) FY2025 10-K on SEC EDGAR. USD.
Hubbell Incorporated FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: designs, manufactures, and sells electrical products primarily through Utility Solutions and Electrical Solutions segments
- New 2025 acquisitions: Ventev ($73M, Electrical Solutions, wireless network solutions), Nicor ($56M, Utility Solutions, water metering endpoints), DMC Power ($829M, Utility Solutions, swaged connection systems)
- Strategic shift: increased acquisitions focus, $958.3M invested in 2025 targeting high growth markets, augmenting organic growth initiatives
- Notable metrics: Net sales $5.84B (+3.8% YoY), net income attributable to Hubbell $887.1M (+13.9%), operating margin 20.7% (+130 bps), free cash flow $874.7M (+8%), long-term debt $2.04B (+41%) due to acquisitions and refinancing
- Distinctive fact: Accounting method change from LIFO to FIFO for U.S. inventories in Q2 2025 to enhance cost-revenue matching and comparability with peers
Management Discussion & Analysis
- Key risk from inflation, supply chain issues, energy cost volatility, and pricing pressures from competition; margin maintenance uncertain
- No segment performance data; risks noted related to sourcing materials globally including steel, copper, and electronic components
- Forward risks include inflation, interest rate hikes, geopolitical tensions (China, Ukraine, Middle East), trade policy uncertainty, AI adoption risks, IT/cybersecurity vulnerabilities, tax regulation changes, and acquisition integration challenges
Risk Factors
- Labor union representation risk with 2,425 U.S. employees covered by 8 labor unions potentially affecting 14% of total workforce
- U.S. employee concentration risk with 61% (10,900 of 18,000) workforce exposed to U.S. labor and regulatory changes
- Supply chain or operational risk from reliance on continuous employee training via expanded Hubbell University learning management system
- Key-person dependency risk on CEO Gerben W. Bakker with tenure since 2019 and progressive leadership roles within Hubbell
- Competitive risk from segmented leadership changes in Utility Solutions and Electrical Solutions with new Presidents appointed July 2023
Generated from the filing text; verify against the original. How to read a 10-K
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