vs

Side-by-side financial comparison of Hubbell Incorporated (HUBB) and Martin Marietta Materials (MLM). Click either name above to swap in a different company.

Hubbell Incorporated is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.3× Martin Marietta Materials). Martin Marietta Materials runs the higher net margin — 24.5% vs 14.6%, a 9.9% gap on every dollar of revenue. On growth, Hubbell Incorporated posted the faster year-over-year revenue change (11.9% vs -30.1%). Martin Marietta Materials produced more free cash flow last quarter ($424.0M vs $388.8M). Over the past eight quarters, Hubbell Incorporated's revenue compounded faster (3.3% CAGR vs -4.5%).

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.

Martin Marietta Materials, Inc. is an American company and a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada, and the Caribbean. In particular, Martin Marietta Materials supplies resources for the construction of roads, sidewalks, and foundations.

HUBB vs MLM — Head-to-Head

Bigger by revenue
HUBB
HUBB
1.3× larger
HUBB
$1.5B
$1.1B
MLM
Growing faster (revenue YoY)
HUBB
HUBB
+42.0% gap
HUBB
11.9%
-30.1%
MLM
Higher net margin
MLM
MLM
9.9% more per $
MLM
24.5%
14.6%
HUBB
More free cash flow
MLM
MLM
$35.2M more FCF
MLM
$424.0M
$388.8M
HUBB
Faster 2-yr revenue CAGR
HUBB
HUBB
Annualised
HUBB
3.3%
-4.5%
MLM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HUBB
HUBB
MLM
MLM
Revenue
$1.5B
$1.1B
Net Profit
$217.7M
$279.0M
Gross Margin
34.6%
35.0%
Operating Margin
20.3%
24.6%
Net Margin
14.6%
24.5%
Revenue YoY
11.9%
-30.1%
Net Profit YoY
10.5%
-4.8%
EPS (diluted)
$4.06
$4.59

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
MLM
MLM
Q4 25
$1.5B
$1.1B
Q3 25
$1.5B
$1.8B
Q2 25
$1.5B
$1.8B
Q1 25
$1.4B
$1.4B
Q4 24
$1.3B
$1.6B
Q3 24
$1.4B
$1.9B
Q2 24
$1.5B
$1.8B
Q1 24
$1.4B
$1.3B
Net Profit
HUBB
HUBB
MLM
MLM
Q4 25
$217.7M
$279.0M
Q3 25
$255.5M
$414.0M
Q2 25
$244.2M
$328.0M
Q1 25
$169.7M
$116.0M
Q4 24
$197.0M
$293.0M
Q3 24
$219.4M
$363.0M
Q2 24
$213.6M
$294.0M
Q1 24
$147.8M
$1.0B
Gross Margin
HUBB
HUBB
MLM
MLM
Q4 25
34.6%
35.0%
Q3 25
36.2%
33.1%
Q2 25
37.2%
30.0%
Q1 25
33.1%
24.8%
Q4 24
33.8%
30.0%
Q3 24
34.5%
31.7%
Q2 24
35.0%
29.3%
Q1 24
32.0%
21.7%
Operating Margin
HUBB
HUBB
MLM
MLM
Q4 25
20.3%
24.6%
Q3 25
22.0%
27.4%
Q2 25
22.7%
25.3%
Q1 25
17.5%
14.3%
Q4 24
19.3%
24.4%
Q3 24
21.1%
25.9%
Q2 24
20.7%
22.6%
Q1 24
16.3%
Net Margin
HUBB
HUBB
MLM
MLM
Q4 25
14.6%
24.5%
Q3 25
17.0%
22.4%
Q2 25
16.5%
18.1%
Q1 25
12.4%
8.6%
Q4 24
14.8%
18.0%
Q3 24
15.2%
19.2%
Q2 24
14.7%
16.7%
Q1 24
10.6%
83.5%
EPS (diluted)
HUBB
HUBB
MLM
MLM
Q4 25
$4.06
$4.59
Q3 25
$4.77
$6.85
Q2 25
$4.56
$5.43
Q1 25
$3.15
$1.90
Q4 24
$3.65
$4.87
Q3 24
$4.05
$5.91
Q2 24
$3.94
$4.76
Q1 24
$2.73
$16.87

Balance Sheet & Financial Strength

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

Metric
HUBB
HUBB
MLM
MLM
Cash + ST InvestmentsLiquidity on hand
$497.9M
$67.0M
Total DebtLower is stronger
$5.3B
Stockholders' EquityBook value
$3.8B
$10.0B
Total Assets
$8.2B
$18.7B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUBB
HUBB
MLM
MLM
Q4 25
$497.9M
$67.0M
Q3 25
$680.9M
$57.0M
Q2 25
$399.6M
$225.0M
Q1 25
$360.3M
$101.0M
Q4 24
$345.0M
$670.0M
Q3 24
$445.6M
$52.0M
Q2 24
$406.5M
$109.0M
Q1 24
$400.3M
$2.6B
Total Debt
HUBB
HUBB
MLM
MLM
Q4 25
$5.3B
Q3 25
$1.4B
$5.5B
Q2 25
$1.4B
$5.4B
Q1 25
$1.4B
$5.4B
Q4 24
$1.4B
$5.4B
Q3 24
$1.7B
$4.0B
Q2 24
$1.9B
$4.3B
Q1 24
$1.9B
$4.3B
Stockholders' Equity
HUBB
HUBB
MLM
MLM
Q4 25
$3.8B
$10.0B
Q3 25
$3.7B
$9.7B
Q2 25
$3.5B
$9.4B
Q1 25
$3.3B
$9.1B
Q4 24
$3.3B
$9.5B
Q3 24
$3.2B
$9.2B
Q2 24
$3.1B
$8.8B
Q1 24
$2.9B
$8.9B
Total Assets
HUBB
HUBB
MLM
MLM
Q4 25
$8.2B
$18.7B
Q3 25
$7.5B
$18.7B
Q2 25
$7.1B
$18.1B
Q1 25
$6.9B
$17.7B
Q4 24
$6.7B
$18.2B
Q3 24
$6.9B
$16.5B
Q2 24
$6.9B
$16.3B
Q1 24
$6.9B
$16.2B
Debt / Equity
HUBB
HUBB
MLM
MLM
Q4 25
0.53×
Q3 25
0.39×
0.57×
Q2 25
0.41×
0.58×
Q1 25
0.44×
0.60×
Q4 24
0.44×
0.57×
Q3 24
0.51×
0.44×
Q2 24
0.63×
0.49×
Q1 24
0.65×
0.49×

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
MLM
MLM
Operating Cash FlowLast quarter
$447.5M
$629.0M
Free Cash FlowOCF − Capex
$388.8M
$424.0M
FCF MarginFCF / Revenue
26.0%
37.2%
Capex IntensityCapex / Revenue
3.9%
18.0%
Cash ConversionOCF / Net Profit
2.06×
2.25×
TTM Free Cash FlowTrailing 4 quarters
$874.7M
$978.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUBB
HUBB
MLM
MLM
Q4 25
$447.5M
$629.0M
Q3 25
$284.3M
$551.0M
Q2 25
$260.6M
$387.0M
Q1 25
$37.4M
$218.0M
Q4 24
$432.4M
$686.0M
Q3 24
$227.0M
$600.0M
Q2 24
$239.6M
$1.0M
Q1 24
$92.2M
$172.0M
Free Cash Flow
HUBB
HUBB
MLM
MLM
Q4 25
$388.8M
$424.0M
Q3 25
$253.8M
$361.0M
Q2 25
$220.7M
$208.0M
Q1 25
$11.4M
$-15.0M
Q4 24
$364.4M
$453.0M
Q3 24
$188.8M
$317.0M
Q2 24
$205.7M
$-138.0M
Q1 24
$51.9M
$-28.0M
FCF Margin
HUBB
HUBB
MLM
MLM
Q4 25
26.0%
37.2%
Q3 25
16.9%
19.6%
Q2 25
14.9%
11.5%
Q1 25
0.8%
-1.1%
Q4 24
27.3%
27.8%
Q3 24
13.1%
16.8%
Q2 24
14.2%
-7.8%
Q1 24
3.7%
-2.2%
Capex Intensity
HUBB
HUBB
MLM
MLM
Q4 25
3.9%
18.0%
Q3 25
2.0%
10.3%
Q2 25
2.7%
9.9%
Q1 25
1.9%
17.2%
Q4 24
5.1%
14.3%
Q3 24
2.6%
15.0%
Q2 24
2.3%
7.9%
Q1 24
2.9%
16.0%
Cash Conversion
HUBB
HUBB
MLM
MLM
Q4 25
2.06×
2.25×
Q3 25
1.11×
1.33×
Q2 25
1.07×
1.18×
Q1 25
0.22×
1.88×
Q4 24
2.19×
2.34×
Q3 24
1.03×
1.65×
Q2 24
1.12×
0.00×
Q1 24
0.62×
0.16×

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%

MLM
MLM

Building Materials Business East Group$774.0M68%
Building Materials Business West Group$233.0M20%
Services$88.0M8%
Other$45.0M4%

Related Comparisons