Hubbell vs Ingersoll Rand
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The short version
- Ingersoll Rand is the larger business, with $7.7B of revenue in fiscal 2025 against $5.8B for Hubbell.
- Ingersoll Rand grew revenue faster (5.8%, against 3.8%).
- Hubbell kept more of each dollar of sales as operating profit (20.7% operating margin, against 15.0%).
- Ingersoll Rand turned more of its sales into free cash flow (16.0% FCF margin, against 15.0%).
- Hubbell earned a higher return on the capital invested in it (18.7%, against 6.5%).
- Investors pay more for each dollar of Ingersoll Rand’s earnings: a P/E of 30.2x against 26.5x for Hubbell.
| Latest fiscal year | HUBB · FY25 | IR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $23.9B | $28.8B |
| Revenue | $5.8B | $7.7B |
| Free cash flow | $875M | $1.2B |
| Net income | $887M | $581M |
| Growth | ||
| Revenue growth | 3.8% | 5.8% |
| 5-year growth | 9.7% | 14.0% |
| Share count change | −0.9% | −1.5% |
| Profitability | ||
| Gross margin | 35.3% | 43.6% |
| Operating margin | 20.7% | 15.0% |
| Net margin | 15.2% | 7.6% |
| FCF margin | 15.0% | 16.0% |
| Return on capital | 18.7% | 6.5% |
| Return on equity | 24.5% | 5.7% |
| Balance sheet | ||
| Net debt | $1.8B | $3.5B |
| Net debt / EBITDA | 1.3x | 2.1x |
| Dividends and buybacks | $225M | $1.0B |
| Valuation & quality | ||
| P/E | 26.5x | 30.2x |
| Piotroski F-score | 7 | 5 |
Revenue
FY16
HUBB $3.5B
IR $1.9B
FY17
HUBB $3.7B
IR $2.4B
FY18
HUBB $4.5B
IR $2.7B
FY19
HUBB $3.9B
IR $2.0B
FY20
HUBB $3.7B
IR $4.0B
FY21
HUBB $4.2B
IR $5.2B
FY22
HUBB $4.9B
IR $5.9B
FY23
HUBB $5.4B
IR $6.9B
FY24
HUBB $5.6B
IR $7.2B
FY25
HUBB $5.8B
IR $7.7B
HUBB
IR
Operating margin
FY16
HUBB 14.0%
IR 5.3%
FY17
HUBB 14.1%
IR 4.6%
FY18
HUBB 12.4%
IR 16.5%
FY19
HUBB 13.4%
IR 9.6%
FY20
HUBB 13.4%
IR 1.5%
FY21
HUBB 12.7%
IR 11.0%
FY22
HUBB 14.3%
IR 13.8%
FY23
HUBB 19.1%
IR 16.9%
FY24
HUBB 19.4%
IR 18.0%
FY25
HUBB 20.7%
IR 15.0%
HUBB
IR
Free cash flow
FY16
HUBB $344M
IR $91.2M
FY17
HUBB $299M
IR $144M
FY18
HUBB $421M
IR $392M
FY19
HUBB $505M
IR $305M
FY20
HUBB $565M
IR $872M
FY21
HUBB $424M
IR $564M
FY22
HUBB $507M
IR $771M
FY23
HUBB $715M
IR $1.3B
FY24
HUBB $811M
IR $1.2B
FY25
HUBB $875M
IR $1.2B
HUBB
IR
Return on capital
FY16
HUBB 16.2%
IR —
FY17
HUBB 13.1%
IR 2.9%
FY18
HUBB 15.2%
IR 10.9%
FY19
HUBB 12.2%
IR 5.6%
FY20
HUBB 11.6%
IR 0.7%
FY21
HUBB 12.7%
IR 5.4%
FY22
HUBB 16.6%
IR 6.5%
FY23
HUBB 19.9%
IR 8.4%
FY24
HUBB 18.3%
IR 8.2%
FY25
HUBB 18.7%
IR 6.5%
HUBB
IR
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.