Forensic Analysis · Technology / Software · as of Sep 25, 2026
Hubbell Inc (HUBB)
A forensic read on Hubbell Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
9.4
Distress distance
Clean
Earnings quality
4
Forensic signals
26.2
P / E (ttm)
23.1%
ROE
$24.5B
Market cap
1.62%
Dividend yield
3.8%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Hubbell Inc earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 9.4, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+20.3%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +20.3% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building sharply — a large slice of profit sits in operating assets, not cash. An accrual is a claim that still has to be collected or written down, so the gap resolves in a later period whichever way it goes. The build is led by receivables up +13% against revenue +4%. A cash-flow measure on the same base disagrees: reported earnings ran in line with operating cash by 3% of net operating assets, against an accruals ratio of 20.3%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
101d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 90 to 101 FY2024→FY2025 (against cost of goods sold; inventory +7% vs +2% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
14.8%
FY2025
Return on invested capital.Return on invested capital is 14.8% in the latest fiscal year and steady across FY2023–FY2025, inside a 1.1-point range. After-tax operating profit was $801M in FY2023 and $963M in FY2025, with operating income at 19.1% of revenue in FY2023, 19.4% in FY2024 and 20.7% in FY2025. The capital base behind it grew +20% across FY2023–FY2025, from $5.4B to $6.5B, and the return did not fall doing it, so the dollars added over that window earned at least the 14.7% the older base was already earning.
-0.5%/yr
FY2023–FY2025
Key fundamentals
Latest Revenue$5.84B
Revenue Growth YoY+3.8%
Revenue CAGR (2yr)+4.3%
Net Margin15.2%
Free Cash Flow$874.7M
Return on Equity23.1%
Debt / Equity0.60x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Hubbell Inc's actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Sep 25, 2026. Forensic signals flag probability, not certainty.
Share count.
Diluted share count changed -1% over the last 2 years to FY2025 (-0.5%/yr). Roughly flat — buybacks ($225M) are about offsetting stock comp ($33M), not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.