Hubbell Incorporated stock research
FY2026 Q1
Hubbell (HUBB) Gross Margin & Quarterly History
Explore Hubbell Incorporated (HUBB) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue remained steady compared to the prior quarter, while cost of revenue increased, leading to lower gross profit and a weakened gross margin. Year over year, both revenue and gross profit rose, with gross profit growing faster than cost of revenue, resulting in an improved gross margin.
- The most observable driver was the change in cost of revenue: compared to the prior quarter, cost of revenue increased while revenue held flat, directly compressing gross margin. Year over year, cost of revenue grew less than gross profit, supporting margin expansion.
- Gross margin weakened sequentially, as gross profit declined despite stable revenue. Compared to the same quarter last year, gross margin improved, driven by a larger increase in gross profit relative to revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
33.3%
Gross profit
$505.3M
Revenue
$1.5B
Cost of revenue
$1.0B
Quarter-over-quarter change
-2.9 pts
Year-over-year change
+0.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2025 | $1.4B | $442.6M | $922.6M | 32.4% |
| Jun 30, 2025 | $1.5B | $552.1M | $932.2M | 37.2% |
| Sep 30, 2025 | $1.5B | $544.3M | $958.1M | 36.2% |
| Mar 31, 2026 | $1.5B | $505.3M | $1.0B | 33.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
-2.9 pts
Year-over-year change
Mar 31, 2025
+0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver was the change in cost of revenue: compared to the prior quarter, cost of revenue increased while revenue held flat, directly compressing gross margin. Year over year, cost of revenue grew less than gross profit, supporting margin expansion.
Gross margin weakened sequentially, as gross profit declined despite stable revenue. Compared to the same quarter last year, gross margin improved, driven by a larger increase in gross profit relative to revenue.
Monitor the trend of cost of revenue relative to revenue, as its movement directly affects gross margin in future periods.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Hubbell Incorporated (HUBB) | 33.3% |