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HubSpot HUBS Free cash flow margin

Free cash flow margin at other companies

Microsoft logo
MicrosoftMSFT
22.9%-2.8pp
Adobe logo
AdobeADBE
40.8%-1.0pp
Salesforce logo
SalesforceCRM
34.2%+1.5pp
Manhattan Associates logo
Manhattan AssociatesMANH
34.5%+5.1pp
Accenture logo
AccentureACN
17.2%+2.3pp
International Business Machines logo
International Business MachinesIBM
18.7%-1.3pp

Other financials

Income statement

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Revenue$881.0M+23.4%
Gross profit$735.3M+22.7%
Operating income$27.9M+202%
Net income$32.6M+249%
EPS (diluted)$0.62+248%

Balance sheet

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Cash & equivalents$943.9M+51.0%
Total debt$247.3M-13.6%
Total equity$2.0B-0.4%
Total assets$3.8B-1.7%

Cash flow

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Operating cash flow$198.8M+23.1%
CapEx$15.4M+15.6%
Free cash flow$183.4M+23.7%

Valuation

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Market cap$9.01B-56.8%
Enterprise value$8.31B-58.7%
P/E89.9×
P/S2.7×-4.9×

Profitability

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Gross margin83.7%-1.2pp
Operating margin1.9%+1.2pp
Net margin3%+2.5pp

Returns & leverage

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Return on equity5%+4.1pp
Debt / equity0.1×0.0×
Current ratio1.6×0.0×

Where this comes from

Calculated from HubSpot’s reported figures.

Based on trailing twelve months.

The official record: HubSpot’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HubSpot's free cash flow margin?
HubSpot (HUBS) reported free cash flow margin of 22.5% in Q1 2026.
How has HubSpot's free cash flow margin changed year-over-year?
HubSpot's free cash flow margin increased by 4.4% year-over-year, from 21.6% to 22.5%.
What is the long-term trend for HubSpot's free cash flow margin?
Over 5 years (2020 to 2025), HubSpot's free cash flow margin has grown at a 31.0% compound annual growth rate (CAGR), from 5.8% to 22.6%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.