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Side-by-side financial comparison of Hubbell Incorporated (HUBB) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Hubbell Incorporated is the larger business by last-quarter revenue ($1.5B vs $1.0B, roughly 1.5× Liberty Energy Inc.). Hubbell Incorporated runs the higher net margin — 14.6% vs 2.2%, a 12.4% gap on every dollar of revenue. On growth, Hubbell Incorporated posted the faster year-over-year revenue change (11.9% vs 4.5%). Over the past eight quarters, Hubbell Incorporated's revenue compounded faster (3.3% CAGR vs -6.2%).
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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
HUBB vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.0B |
| Net Profit | $217.7M | $22.6M |
| Gross Margin | 34.6% | — |
| Operating Margin | 20.3% | 2.2% |
| Net Margin | 14.6% | 2.2% |
| Revenue YoY | 11.9% | 4.5% |
| Net Profit YoY | 10.5% | — |
| EPS (diluted) | $4.06 | $0.14 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.5B | $947.4M | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.4B | $977.5M | ||
| Q4 24 | $1.3B | $943.6M | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.5B | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $217.7M | $13.7M | ||
| Q3 25 | $255.5M | $43.1M | ||
| Q2 25 | $244.2M | $71.0M | ||
| Q1 25 | $169.7M | $20.1M | ||
| Q4 24 | $197.0M | $51.9M | ||
| Q3 24 | $219.4M | $73.8M | ||
| Q2 24 | $213.6M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 34.6% | 20.6% | ||
| Q3 25 | 36.2% | 18.7% | ||
| Q2 25 | 37.2% | 22.1% | ||
| Q1 25 | 33.1% | 22.1% | ||
| Q4 24 | 33.8% | 21.4% | ||
| Q3 24 | 34.5% | 26.2% | ||
| Q2 24 | 35.0% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 20.3% | 1.9% | ||
| Q3 25 | 22.0% | -0.3% | ||
| Q2 25 | 22.7% | 3.6% | ||
| Q1 25 | 17.5% | 1.9% | ||
| Q4 24 | 19.3% | 2.6% | ||
| Q3 24 | 21.1% | 9.4% | ||
| Q2 24 | 20.7% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 14.6% | 1.3% | ||
| Q3 25 | 17.0% | 4.5% | ||
| Q2 25 | 16.5% | 6.8% | ||
| Q1 25 | 12.4% | 2.1% | ||
| Q4 24 | 14.8% | 5.5% | ||
| Q3 24 | 15.2% | 6.5% | ||
| Q2 24 | 14.7% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $4.06 | $0.08 | ||
| Q3 25 | $4.77 | $0.26 | ||
| Q2 25 | $4.56 | $0.43 | ||
| Q1 25 | $3.15 | $0.12 | ||
| Q4 24 | $3.65 | $0.31 | ||
| Q3 24 | $4.05 | $0.44 | ||
| Q2 24 | $3.94 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $497.9M | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $3.8B | $1.9B |
| Total Assets | $8.2B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $497.9M | $27.6M | ||
| Q3 25 | $680.9M | $13.5M | ||
| Q2 25 | $399.6M | $19.6M | ||
| Q1 25 | $360.3M | $24.1M | ||
| Q4 24 | $345.0M | $20.0M | ||
| Q3 24 | $445.6M | $23.0M | ||
| Q2 24 | $406.5M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $246.6M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $190.5M | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $3.8B | $2.1B | ||
| Q3 25 | $3.7B | $2.1B | ||
| Q2 25 | $3.5B | $2.0B | ||
| Q1 25 | $3.3B | $2.0B | ||
| Q4 24 | $3.3B | $2.0B | ||
| Q3 24 | $3.2B | $2.0B | ||
| Q2 24 | $3.1B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $8.2B | $3.6B | ||
| Q3 25 | $7.5B | $3.5B | ||
| Q2 25 | $7.1B | $3.4B | ||
| Q1 25 | $6.9B | $3.4B | ||
| Q4 24 | $6.7B | $3.3B | ||
| Q3 24 | $6.9B | $3.3B | ||
| Q2 24 | $6.9B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | 0.39× | — | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.44× | 0.10× | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.63× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $447.5M | — |
| Free Cash FlowOCF − Capex | $388.8M | — |
| FCF MarginFCF / Revenue | 26.0% | — |
| Capex IntensityCapex / Revenue | 3.9% | 13.1% |
| Cash ConversionOCF / Net Profit | 2.06× | — |
| TTM Free Cash FlowTrailing 4 quarters | $874.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $447.5M | $195.4M | ||
| Q3 25 | $284.3M | $51.5M | ||
| Q2 25 | $260.6M | $170.6M | ||
| Q1 25 | $37.4M | $192.1M | ||
| Q4 24 | $432.4M | $177.3M | ||
| Q3 24 | $227.0M | $244.5M | ||
| Q2 24 | $239.6M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $388.8M | $-10.0M | ||
| Q3 25 | $253.8M | $-67.2M | ||
| Q2 25 | $220.7M | $33.1M | ||
| Q1 25 | $11.4M | $58.2M | ||
| Q4 24 | $364.4M | $-26.2M | ||
| Q3 24 | $188.8M | $77.9M | ||
| Q2 24 | $205.7M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 26.0% | -1.0% | ||
| Q3 25 | 16.9% | -7.1% | ||
| Q2 25 | 14.9% | 3.2% | ||
| Q1 25 | 0.8% | 6.0% | ||
| Q4 24 | 27.3% | -2.8% | ||
| Q3 24 | 13.1% | 6.8% | ||
| Q2 24 | 14.2% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 3.9% | 19.8% | ||
| Q3 25 | 2.0% | 12.5% | ||
| Q2 25 | 2.7% | 13.2% | ||
| Q1 25 | 1.9% | 13.7% | ||
| Q4 24 | 5.1% | 21.6% | ||
| Q3 24 | 2.6% | 14.6% | ||
| Q2 24 | 2.3% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.06× | 14.28× | ||
| Q3 25 | 1.11× | 1.20× | ||
| Q2 25 | 1.07× | 2.40× | ||
| Q1 25 | 0.22× | 9.55× | ||
| Q4 24 | 2.19× | 3.42× | ||
| Q3 24 | 1.03× | 3.31× | ||
| Q2 24 | 1.12× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HUBB
| Grid Infrastructure | $717.0M | 48% |
| Industrial | $393.7M | 26% |
| Grid Automation | $218.9M | 15% |
| Electrical Products | $163.1M | 11% |
LBRT
Segment breakdown not available.
