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AI核心结论
Hubbell Incorporated delivered strong FY2025 results with revenue growing 3.8% to $5.84B, net income surging 13.9% to $887.1M, and EPS reaching $16.54 diluted, driven by meaningful margin expansion across gross, operating, and net profit lines.
营收
58.45亿美元
同比 +3.84%
每股收益（稀释）
16.54美元
同比 +14.94%
毛利率
35.3%
同比 +1.5 个百分点
营业利润
12.09亿美元
同比 +10.58%
SEC XBRL 原值
Hubbell (HUBB) FY2025 营收 58.45亿美元，同比增长 3.8%。 营业利润率 20.7%，较去年同期的 19.4% 扩大 1.3 个百分点。 经营活动现金流 10.3亿美元，同比增长 3.9%。
近 4 个季度：2 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 5.52 | 5.49 | 超预期 +0.6% |
| 2026年3月 | 3.93 | 3.96 | 不及预期 -0.8% |
| 2025年12月本次财报 | 4.73 | 4.80 | 不及预期 -1.4% |
| 2025年9月 | 5.17 | 5.08 | 超预期 +1.8% |
2025年12月 实际 EPS 4.73美元，分析师一致预期 4.80美元，不及预期 -1.4%。
由 AI 基于本次 SEC 报告整理
Hubbell grew total revenue by 3.8% year-over-year to $5.84B in FY2025, up from $5.63B in the prior year, reflecting continued demand across its electrical and utility solutions segments despite a modest cost environment.
来源: 10-K Income Statement
Gross margin improved 146 basis points to 35.3% from 33.9%, operating margin expanded 126 basis points to 20.7%, and net margin reached 15.2%, indicating strong operating leverage and disciplined cost management.
来源: 10-K Income Statement & Key Ratios
Total assets grew 20.2% to $8.23B while long-term debt surged 41.1% to $2.04B, suggesting Hubbell made significant acquisitions in FY2025, as evidenced by investing cash outflows of -$1.09B compared to only -$59.1M in the prior year.
来源: 10-K Balance Sheet & Cash Flow Statement
Diluted EPS rose 14.9% to $16.54 from $14.39 in the prior year, outpacing revenue growth and reflecting both higher net income and the benefit of share repurchases totaling $225M in FY2025.
来源: 10-K Income Statement
Operating cash flow grew 3.9% to $1.03B, supporting $225M in share buybacks (up 462.5% YoY) and significant acquisition spending, while cash on hand increased 46.6% to $482.5M partly aided by $203.6M in net financing inflows.
来源: 10-K Cash Flow Statement
由 AI 基于本次 SEC 报告整理 · 高 2 中 2 低 1
Long-term debt increased 41.1% to $2.04B in FY2025, raising the debt-to-equity ratio to 1.14. This elevated leverage increases Hubbell's sensitivity to interest rate changes and could constrain financial flexibility if earnings or cash flows deteriorate.
来源: 10-K Balance Sheet
Investing cash outflows of -$1.09B in FY2025 versus -$59.1M in the prior year indicate substantial acquisition activity. Integrating acquired businesses carries execution risk, including potential disruption to operations, culture clashes, and failure to realize expected synergies.
来源: 10-K Cash Flow Statement
SG&A expenses grew 5.3% to $855.3M, faster than the 3.8% revenue growth rate, suggesting some cost pressure in selling and administrative functions. If this trend continues, it could compress operating margins going forward.
来源: 10-K Income Statement
Hubbell's revenue is heavily tied to electrical grid modernization and utility infrastructure spending. Any slowdown in utility capital expenditure programs or delays in grid investment could disproportionately impact revenue and earnings.
来源: 10-K Income Statement
Current liabilities grew 18.4% to $1.51B, faster than current assets which grew 14.9% to $2.59B, resulting in a current ratio of 1.72. While still adequate, the narrowing liquidity cushion warrants monitoring, especially given the increased debt load.
来源: 10-K Balance Sheet
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 58.45 亿美元 | 56.29 亿美元 | +3.84% |
营业成本 亿美元 | 37.81 亿美元 | 37.23 亿美元 | +1.55% |
毛利润 亿美元 | 20.64 亿美元 | 19.06 亿美元 | +8.32% |
营业利润 亿美元 | 12.09 亿美元 | 10.93 亿美元 | +10.58% |
净利润 亿美元 | 8.87 亿美元 | 7.79 亿美元 | +13.88% |
每股收益（基本） 美元 | 16.63 美元 | 14.49 美元 | +14.77% |
每股收益（稀释） 美元 | 16.54 美元 | 14.39 美元 | +14.94% |
销售及管理费用 亿美元 | 8.55 亿美元 | 8.13 亿美元 | +5.27% |
答案基于本次 SEC 报告与本页数据