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HubSpot HUBS Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin83.7%-1.2pp83.8%-1.3pp84.1%-0.8pp84.6%-0.3pp84.8%+0.3pp
Operating margin1.9%+4.5pp0.2%+2.8pp-1.7%+1.5pp-2.5%+1.2pp-2.6%+5.3pp
Net margin3%+3.9pp1.5%+1.3pp-0.1%+0.4pp-0.4%+0.6pp-0.8%+4.5pp
Returns
Return on equity5%+6.3pp2.3%+2.0pp-0.2%+0.7pp-0.7%+1.2pp-1.3%+8.4pp
Return on invested capital3.6%+6.0pp0.3%+2.6pp-1.6%+1.4pp-2.5%+6.0pp-2.4%+12.8pp
Efficiency
Asset turnover0.9×+0.1×0.8×+0.1×0.8×+0.1×0.8×0.0×0.8×0.0×
Liquidity
Current ratio1.6×0.0×1.7×0.0×1.6×0.0×1.8×+0.2×1.7×-0.4×
Leverage
Debt-to-equity0.1×0.0×0.1×0.0×0.1×0.0×0.1×-0.1×0.1×-0.1×
Net debt / EBITDA-3.3×+7.1×-4.3×+3.4×-4.6×+9.7×-7.5×-10.4×
Per Share
Book value per share$37.98-1.2%$38.84+5.5%$35.23+4.1%$39.19+24.9%$38.44+36.6%
Valuation
Market capitalization$12.87B-56.8%$21.02B-41.6%$24.65B-9.1%$29.39B-1.7%$29.79B-5.6%
Price / earnings128.4×457.9×-7,314×
Price / sales3.9×-7.0×6.7×-7.0×8.3×-2.6×10.3×-2.2×10.9×-2.9×
Price / book6.4×-8.4×10.2×-8.7×13.3×-2.2×14.2×-4.4×14.9×-6.9×
EV / EBITDA57.8×-846×142×-1,081×326.5×-3,199×677.8×904.2×

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Questions, answered.

What are HubSpot's profit margins?
HubSpot (HUBS) runs a 83.7% gross margin and a 1.9% operating margin, with a 3.0% net margin.
Where do HubSpot's ratios come from?
Every ratio is computed from HubSpot's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.