HubSpot HUBS Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 83.7%-1.2pp | 83.8%-1.3pp | 84.1%-0.8pp | 84.6%-0.3pp | 84.8%+0.3pp | |
| Operating margin | 1.9%+4.5pp | 0.2%+2.8pp | -1.7%+1.5pp | -2.5%+1.2pp | -2.6%+5.3pp | |
| Net margin | 3%+3.9pp | 1.5%+1.3pp | -0.1%+0.4pp | -0.4%+0.6pp | -0.8%+4.5pp | |
| Returns | ||||||
| Return on equity | 5%+6.3pp | 2.3%+2.0pp | -0.2%+0.7pp | -0.7%+1.2pp | -1.3%+8.4pp | |
| Return on invested capital | 3.6%+6.0pp | 0.3%+2.6pp | -1.6%+1.4pp | -2.5%+6.0pp | -2.4%+12.8pp | |
| Efficiency | ||||||
| Asset turnover | 0.9×+0.1× | 0.8×+0.1× | 0.8×+0.1× | 0.8×0.0× | 0.8×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.6×0.0× | 1.7×0.0× | 1.6×0.0× | 1.8×+0.2× | 1.7×-0.4× | |
| Leverage | ||||||
| Debt-to-equity | 0.1×0.0× | 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 / earnings | 128.4×— | 457.9×-7,314× | —— | —— | —— | |
| Price / sales | 3.9×-7.0× | 6.7×-7.0× | 8.3×-2.6× | 10.3×-2.2× | 10.9×-2.9× | |
| Price / book | 6.4×-8.4× | 10.2×-8.7× | 13.3×-2.2× | 14.2×-4.4× | 14.9×-6.9× | |
| EV / EBITDA | 57.8×-846× | 142×-1,081× | 326.5×-3,199× | 677.8×— | 904.2×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
