Hubbell Incorporated stock research
FY2025 Q3
Hubbell (HUBB) Gross Margin — Quarter Ended Sep 30, 2025
Revenue was stable compared to the prior quarter, while gross profit and gross margin both decreased. Compared to the same quarter last year, revenue, gross profit, and gross margin all improved.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue was stable compared to the prior quarter, while gross profit and gross margin both decreased. Compared to the same quarter last year, revenue, gross profit, and gross margin all improved.
- Cost of revenue increased from the prior quarter, outpacing the change in revenue and compressing gross margin. The year-over-year improvement in gross margin was supported by a larger increase in gross profit relative to revenue.
- Compared to the immediately preceding quarter, gross margin weakened as cost of revenue rose while revenue was essentially unchanged. Compared to the same quarter one year earlier, gross margin improved, with gross profit growing faster than revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
36.2%
Gross profit
$544.3M
Revenue
$1.5B
Cost of revenue
$958.1M
Quarter-over-quarter change
-1.0 pts
Year-over-year change
+1.2 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 |
|---|---|---|---|---|
| Sep 30, 2024 | $1.4B | $506.0M | $936.6M | 35.1% |
| 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% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
-1.0 pts
Year-over-year change
Sep 30, 2024
+1.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Cost of revenue increased from the prior quarter, outpacing the change in revenue and compressing gross margin. The year-over-year improvement in gross margin was supported by a larger increase in gross profit relative to revenue.
Compared to the immediately preceding quarter, gross margin weakened as cost of revenue rose while revenue was essentially unchanged. Compared to the same quarter one year earlier, gross margin improved, with gross profit growing faster than revenue.
Monitor the trajectory of cost of revenue relative to revenue, as its increase in the current quarter was the primary factor behind the sequential margin decline.