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Side-by-side financial comparison of Hubbell Incorporated (HUBB) and Iron Mountain (IRM). Click either name above to swap in a different company.

Iron Mountain is the larger business by last-quarter revenue ($1.8B vs $1.5B, roughly 1.2× Hubbell Incorporated). Hubbell Incorporated runs the higher net margin — 14.6% vs 5.1%, a 9.5% gap on every dollar of revenue. On growth, Iron Mountain posted the faster year-over-year revenue change (16.6% vs 11.9%). Hubbell Incorporated produced more free cash flow last quarter ($388.8M vs $-16.2M). Over the past eight quarters, Iron Mountain's revenue compounded faster (11.7% CAGR vs 3.3%).

Hubbell Incorporated, headquartered in Shelton, Connecticut, is an American company that designs, manufactures, and sells electrical and electronic products for non-residential and residential construction, industrial, and utility applications. Hubbell was founded by Harvey Hubbell as a proprietorship in 1888, and was incorporated in Connecticut in 1905.

Iron Mountain Inc. is an American enterprise information management services company founded in 1951 and headquartered in Portsmouth, New Hampshire. Its records management, information destruction, and data backup and recovery services are supplied to more than 220,000 customers in 58 countries throughout North America, Europe, Latin America, Africa, Asia, and Oceania.

HUBB vs IRM — Head-to-Head

Bigger by revenue
IRM
IRM
1.2× larger
IRM
$1.8B
$1.5B
HUBB
Growing faster (revenue YoY)
IRM
IRM
+4.7% gap
IRM
16.6%
11.9%
HUBB
Higher net margin
HUBB
HUBB
9.5% more per $
HUBB
14.6%
5.1%
IRM
More free cash flow
HUBB
HUBB
$405.0M more FCF
HUBB
$388.8M
$-16.2M
IRM
Faster 2-yr revenue CAGR
IRM
IRM
Annualised
IRM
11.7%
3.3%
HUBB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HUBB
HUBB
IRM
IRM
Revenue
$1.5B
$1.8B
Net Profit
$217.7M
$93.1M
Gross Margin
34.6%
Operating Margin
20.3%
18.5%
Net Margin
14.6%
5.1%
Revenue YoY
11.9%
16.6%
Net Profit YoY
10.5%
-11.9%
EPS (diluted)
$4.06
$0.31

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HUBB
HUBB
IRM
IRM
Q4 25
$1.5B
$1.8B
Q3 25
$1.5B
$1.8B
Q2 25
$1.5B
$1.7B
Q1 25
$1.4B
$1.6B
Q4 24
$1.3B
$1.6B
Q3 24
$1.4B
$1.6B
Q2 24
$1.5B
$1.5B
Q1 24
$1.4B
$1.5B
Net Profit
HUBB
HUBB
IRM
IRM
Q4 25
$217.7M
$93.1M
Q3 25
$255.5M
$86.2M
Q2 25
$244.2M
$-43.3M
Q1 25
$169.7M
$16.2M
Q4 24
$197.0M
$105.7M
Q3 24
$219.4M
$-33.7M
Q2 24
$213.6M
$34.6M
Q1 24
$147.8M
$77.0M
Gross Margin
HUBB
HUBB
IRM
IRM
Q4 25
34.6%
Q3 25
36.2%
Q2 25
37.2%
Q1 25
33.1%
Q4 24
33.8%
Q3 24
34.5%
Q2 24
35.0%
Q1 24
32.0%
Operating Margin
HUBB
HUBB
IRM
IRM
Q4 25
20.3%
18.5%
Q3 25
22.0%
17.6%
Q2 25
22.7%
15.2%
Q1 25
17.5%
16.0%
Q4 24
19.3%
17.9%
Q3 24
21.1%
16.1%
Q2 24
20.7%
15.0%
Q1 24
16.3%
16.6%
Net Margin
HUBB
HUBB
IRM
IRM
Q4 25
14.6%
5.1%
Q3 25
17.0%
4.9%
Q2 25
16.5%
-2.5%
Q1 25
12.4%
1.0%
Q4 24
14.8%
6.7%
Q3 24
15.2%
-2.2%
Q2 24
14.7%
2.3%
Q1 24
10.6%
5.2%
EPS (diluted)
HUBB
HUBB
IRM
IRM
Q4 25
$4.06
$0.31
Q3 25
$4.77
$0.28
Q2 25
$4.56
$-0.15
Q1 25
$3.15
$0.05
Q4 24
$3.65
$0.35
Q3 24
$4.05
$-0.11
Q2 24
$3.94
$0.12
Q1 24
$2.73
$0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HUBB
HUBB
IRM
IRM
Cash + ST InvestmentsLiquidity on hand
$497.9M
$158.5M
Total DebtLower is stronger
$16.2B
Stockholders' EquityBook value
$3.8B
$-981.0M
Total Assets
$8.2B
$21.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUBB
HUBB
IRM
IRM
Q4 25
$497.9M
$158.5M
Q3 25
$680.9M
Q2 25
$399.6M
Q1 25
$360.3M
Q4 24
$345.0M
$155.7M
Q3 24
$445.6M
Q2 24
$406.5M
Q1 24
$400.3M
Total Debt
HUBB
HUBB
IRM
IRM
Q4 25
$16.2B
Q3 25
$1.4B
$15.5B
Q2 25
$1.4B
$14.8B
Q1 25
$1.4B
$14.2B
Q4 24
$1.4B
$13.0B
Q3 24
$1.7B
$13.2B
Q2 24
$1.9B
$12.8B
Q1 24
$1.9B
$12.6B
Stockholders' Equity
HUBB
HUBB
IRM
IRM
Q4 25
$3.8B
$-981.0M
Q3 25
$3.7B
$-882.0M
Q2 25
$3.5B
$-767.4M
Q1 25
$3.3B
$-698.5M
Q4 24
$3.3B
$-503.1M
Q3 24
$3.2B
$-259.0M
Q2 24
$3.1B
$-132.9M
Q1 24
$2.9B
$18.5M
Total Assets
HUBB
HUBB
IRM
IRM
Q4 25
$8.2B
$21.1B
Q3 25
$7.5B
$20.6B
Q2 25
$7.1B
$20.2B
Q1 25
$6.9B
$19.4B
Q4 24
$6.7B
$18.7B
Q3 24
$6.9B
$18.5B
Q2 24
$6.9B
$18.0B
Q1 24
$6.9B
$17.8B
Debt / Equity
HUBB
HUBB
IRM
IRM
Q4 25
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.44×
Q4 24
0.44×
Q3 24
0.51×
Q2 24
0.63×
Q1 24
0.65×
679.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HUBB
HUBB
IRM
IRM
Operating Cash FlowLast quarter
$447.5M
$500.0M
Free Cash FlowOCF − Capex
$388.8M
$-16.2M
FCF MarginFCF / Revenue
26.0%
-0.9%
Capex IntensityCapex / Revenue
3.9%
28.0%
Cash ConversionOCF / Net Profit
2.06×
5.37×
TTM Free Cash FlowTrailing 4 quarters
$874.7M
$-931.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUBB
HUBB
IRM
IRM
Q4 25
$447.5M
$500.0M
Q3 25
$284.3M
$267.6M
Q2 25
$260.6M
$375.1M
Q1 25
$37.4M
$197.3M
Q4 24
$432.4M
$431.6M
Q3 24
$227.0M
$252.9M
Q2 24
$239.6M
$382.2M
Q1 24
$92.2M
$130.0M
Free Cash Flow
HUBB
HUBB
IRM
IRM
Q4 25
$388.8M
$-16.2M
Q3 25
$253.8M
$-256.3M
Q2 25
$220.7M
$-181.6M
Q1 25
$11.4M
$-477.5M
Q4 24
$364.4M
$-186.0M
Q3 24
$188.8M
$-143.2M
Q2 24
$205.7M
$-14.6M
Q1 24
$51.9M
$-251.1M
FCF Margin
HUBB
HUBB
IRM
IRM
Q4 25
26.0%
-0.9%
Q3 25
16.9%
-14.6%
Q2 25
14.9%
-10.6%
Q1 25
0.8%
-30.0%
Q4 24
27.3%
-11.8%
Q3 24
13.1%
-9.2%
Q2 24
14.2%
-1.0%
Q1 24
3.7%
-17.0%
Capex Intensity
HUBB
HUBB
IRM
IRM
Q4 25
3.9%
28.0%
Q3 25
2.0%
29.9%
Q2 25
2.7%
32.5%
Q1 25
1.9%
42.4%
Q4 24
5.1%
39.1%
Q3 24
2.6%
25.4%
Q2 24
2.3%
25.9%
Q1 24
2.9%
25.8%
Cash Conversion
HUBB
HUBB
IRM
IRM
Q4 25
2.06×
5.37×
Q3 25
1.11×
3.10×
Q2 25
1.07×
Q1 25
0.22×
12.15×
Q4 24
2.19×
4.08×
Q3 24
1.03×
Q2 24
1.12×
11.04×
Q1 24
0.62×
1.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HUBB
HUBB

Grid Infrastructure$717.0M48%
Industrial$393.7M26%
Grid Automation$218.9M15%
Electrical Products$163.1M11%

IRM
IRM

Storage Rental$1.1B58%
Services$781.9M42%

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