What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Hubbell (HUBB) spend its free cash flow?

For TTM through Q1 2026, Hubbell generated $1.08B of operating cash flow and $909M of free cash flow — a free cash flow margin of 84.3% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Hubbell (HUBB) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Hubbell's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Hubbell (HUBB) Cash Flow Waterfall

Operating CF

$1.08B

Capex

-$170M

Free Cash Flow

$909M

FCF Margin

+84.3%

Cash flow waterfall for Hubbell (HUBB) — TTM through Q1 2026

Free cash flow: $909M

Cash flow breakdown for Hubbell (HUBB) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$1.08B	$1.08B
Capital Expenditure	-$170M	$909M
Free Cash Flow	$909M	$909M
Acquisitions	-$883M	$26.7M
Other Investing	$15.7M	$42.4M
Share Buybacks	-$268M	-$225M
Dividends Paid	-$291M	-$516M
Net Debt Change	$710M	$194M
Other Financing & FX	-$39.3M	$154M
Net Cash Increase	$155M	$155M

Operating Cash Flow$1.08B
Capital Expenditure-$170M
Free Cash Flow$909M
Acquisitions-$883M
Other Investing$15.7M
Share Buybacks-$268M
Dividends Paid-$291M
Net Debt Change$710M
Other Financing & FX-$39.3M
Net Cash Increase$155M

Want to see what drove the FCF change?Free Cash Flow Bridge

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