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

Welltower is the larger business by last-quarter revenue ($2.8B vs $1.5B, roughly 1.9× Hubbell Incorporated). Welltower runs the higher net margin — 51.6% vs 14.6%, a 37.0% gap on every dollar of revenue. On growth, Welltower posted the faster year-over-year revenue change (180.6% vs 11.9%). Over the past eight quarters, Welltower's revenue compounded faster (42.4% 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.

Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.

HUBB vs WELL — Head-to-Head

Bigger by revenue
WELL
WELL
1.9× larger
WELL
$2.8B
$1.5B
HUBB
Growing faster (revenue YoY)
WELL
WELL
+168.7% gap
WELL
180.6%
11.9%
HUBB
Higher net margin
WELL
WELL
37.0% more per $
WELL
51.6%
14.6%
HUBB
Faster 2-yr revenue CAGR
WELL
WELL
Annualised
WELL
42.4%
3.3%
HUBB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HUBB
HUBB
WELL
WELL
Revenue
$1.5B
$2.8B
Net Profit
$217.7M
$1.5B
Gross Margin
34.6%
Operating Margin
20.3%
Net Margin
14.6%
51.6%
Revenue YoY
11.9%
180.6%
Net Profit YoY
10.5%
93.7%
EPS (diluted)
$4.06

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
WELL
WELL
Q1 26
$2.8B
Q4 25
$1.5B
$2.6B
Q3 25
$1.5B
$2.1B
Q2 25
$1.5B
$2.0B
Q1 25
$1.4B
$1.9B
Q4 24
$1.3B
$1.8B
Q3 24
$1.4B
$1.5B
Q2 24
$1.5B
$1.4B
Net Profit
HUBB
HUBB
WELL
WELL
Q1 26
$1.5B
Q4 25
$217.7M
$117.8M
Q3 25
$255.5M
$282.2M
Q2 25
$244.2M
$304.6M
Q1 25
$169.7M
$257.3M
Q4 24
$197.0M
$123.8M
Q3 24
$219.4M
$456.8M
Q2 24
$213.6M
$260.7M
Gross Margin
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
34.6%
24.3%
Q3 25
36.2%
23.5%
Q2 25
37.2%
23.2%
Q1 25
33.1%
21.6%
Q4 24
33.8%
20.0%
Q3 24
34.5%
19.8%
Q2 24
35.0%
20.2%
Operating Margin
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
20.3%
Q3 25
22.0%
14.2%
Q2 25
22.7%
15.1%
Q1 25
17.5%
10.7%
Q4 24
19.3%
6.2%
Q3 24
21.1%
12.2%
Q2 24
20.7%
6.5%
Net Margin
HUBB
HUBB
WELL
WELL
Q1 26
51.6%
Q4 25
14.6%
4.6%
Q3 25
17.0%
13.7%
Q2 25
16.5%
15.5%
Q1 25
12.4%
13.8%
Q4 24
14.8%
7.0%
Q3 24
15.2%
30.2%
Q2 24
14.7%
18.7%
EPS (diluted)
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
$4.06
$0.13
Q3 25
$4.77
$0.41
Q2 25
$4.56
$0.45
Q1 25
$3.15
$0.40
Q4 24
$3.65
$0.20
Q3 24
$4.05
$0.73
Q2 24
$3.94
$0.42

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
$497.9M
$5.0B
Q3 25
$680.9M
$6.8B
Q2 25
$399.6M
$4.4B
Q1 25
$360.3M
$3.5B
Q4 24
$345.0M
$3.5B
Q3 24
$445.6M
$3.6B
Q2 24
$406.5M
$2.8B
Total Debt
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
$19.2B
Q3 25
$1.4B
$16.9B
Q2 25
$1.4B
$16.0B
Q1 25
$1.4B
$15.7B
Q4 24
$1.4B
$15.5B
Q3 24
$1.7B
$15.8B
Q2 24
$1.9B
$13.9B
Stockholders' Equity
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
$3.8B
$42.1B
Q3 25
$3.7B
$38.8B
Q2 25
$3.5B
$35.9B
Q1 25
$3.3B
$34.0B
Q4 24
$3.3B
$32.0B
Q3 24
$3.2B
$30.3B
Q2 24
$3.1B
$29.0B
Total Assets
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
$8.2B
$67.3B
Q3 25
$7.5B
$59.5B
Q2 25
$7.1B
$55.8B
Q1 25
$6.9B
$53.3B
Q4 24
$6.7B
$51.0B
Q3 24
$6.9B
$49.0B
Q2 24
$6.9B
$45.5B
Debt / Equity
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
0.46×
Q3 25
0.39×
0.43×
Q2 25
0.41×
0.44×
Q1 25
0.44×
0.46×
Q4 24
0.44×
0.49×
Q3 24
0.51×
0.52×
Q2 24
0.63×
0.48×

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
WELL
WELL
Operating Cash FlowLast quarter
$447.5M
Free Cash FlowOCF − Capex
$388.8M
FCF MarginFCF / Revenue
26.0%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
2.06×
TTM Free Cash FlowTrailing 4 quarters
$874.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
$447.5M
$654.3M
Q3 25
$284.3M
$858.4M
Q2 25
$260.6M
$770.0M
Q1 25
$37.4M
$599.0M
Q4 24
$432.4M
$559.2M
Q3 24
$227.0M
$685.0M
Q2 24
$239.6M
$605.4M
Free Cash Flow
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
$388.8M
$340.4M
Q3 25
$253.8M
$595.3M
Q2 25
$220.7M
$537.2M
Q1 25
$11.4M
$358.6M
Q4 24
$364.4M
$240.4M
Q3 24
$188.8M
$443.8M
Q2 24
$205.7M
$440.3M
FCF Margin
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
26.0%
13.3%
Q3 25
16.9%
28.9%
Q2 25
14.9%
27.3%
Q1 25
0.8%
19.2%
Q4 24
27.3%
13.6%
Q3 24
13.1%
29.4%
Q2 24
14.2%
31.6%
Capex Intensity
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
3.9%
12.3%
Q3 25
2.0%
12.8%
Q2 25
2.7%
11.8%
Q1 25
1.9%
12.9%
Q4 24
5.1%
18.1%
Q3 24
2.6%
16.0%
Q2 24
2.3%
11.8%
Cash Conversion
HUBB
HUBB
WELL
WELL
Q1 26
Q4 25
2.06×
5.56×
Q3 25
1.11×
3.04×
Q2 25
1.07×
2.53×
Q1 25
0.22×
2.33×
Q4 24
2.19×
4.52×
Q3 24
1.03×
1.50×
Q2 24
1.12×
2.32×

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%

WELL
WELL

Resident fees and services$1.9B67%
Other$822.6M29%
Rental income$103.4M4%

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