Hubbell (HUBB) opened Q1 2026 earnings season with Q4 2025 revenue of US$1.49b and basic EPS of US$4.21, setting the stage after a year where trailing twelve month EPS reached US$16.65 on revenue of US$5.84b and earnings grew 13.9% year over year. Over the last five reported quarters, revenue has moved from US$1.33b in Q4 2024 to US$1.49b in Q4 2025, while quarterly basic EPS ranged between US$3.04 and US$4.80. This gives investors a clearer view of how higher net profit margins have flowed through to per share results.

See our full analysis for Hubbell.

With the headline numbers in place, the next step is to see how this margin profile and earnings trajectory align with the main Hubbell narratives that investors follow.

Margins Lift Net Profit to 15.2%

• Over the last 12 months, Hubbell's net profit margin sat at 15.2% compared with 13.8% in the prior year, alongside trailing earnings growth of 13.9%.
• Supporters of the bullish narrative highlight that this higher margin, on trailing twelve month revenue of US$5.8b and net income of US$885.6m, aligns with their view that operational efficiencies and price and cost actions can support stronger profitability. However, the 13.9% earnings growth is below the 21.2% five year average that bulls reference as a longer term trend.

🐂 Hubbell Bull Case

P/E Below Peers While Price Sits Above DCF

• The current P/E of 30.4x sits below the US Electrical industry average of 34.6x and the peer average of 47x, while the US$508.17 share price is above the DCF fair value of about US$363.25.
• Analysts' consensus view points to a mix of signals. The lower P/E versus peers and five year earnings growth of 21.2% per year are often cited as positives. In contrast, the share price trading above the DCF fair value and forecasts for earnings growth of about 9.9% a year and revenue growth of about 5.6% a year, both lower than the US market figures in the dataset, provide a different angle on how much upside is already reflected in the price.

Quarterly EPS Swings Around Strong TTM Trend

• Basic EPS moved from US$3.04 in Q1 2025 to US$4.21 in Q4 2025, with trailing twelve month EPS at US$16.65 compared with US$14.48 a year earlier.
• Consensus narrative comments that the business is investing for growth in areas like data centers and grid modernization while dealing with tariffs and cost inflation. The EPS path, including the Q4 2024 to Q4 2025 shift from US$3.69 to US$4.21, provides some support for the view that cost and pricing actions are helping earnings hold up even as forward revenue and earnings growth assumptions in the dataset are more modest than the broader US market.

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Hubbell on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

With sentiment split between stronger recent margins and questions around future growth expectations, it makes sense to look through the numbers yourself and decide how the trade off between risk and reward stacks up for your portfolio, starting with 3 key rewards and 2 important warning signs.

See What Else Is Out There

Hubbell's current share price sitting above its DCF fair value and slower forecast growth rates versus the broader US market raise questions about upside potential.

If that makes you cautious about paying up for modest growth, compare this setup with companies screened for valuation support and quality using the 51 high quality undervalued stocks.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.