HubSpot HUBS Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 83.7%-0.1pp | 83.8%-0.4pp | 84.1%-0.4pp | 84.6%-0.3pp | 84.8%-0.2pp | |
| Operating margin | 1.9%+1.7pp | 0.2%+2.0pp | -1.7%+0.8pp | -2.5%+0.1pp | -2.6%-0.1pp | |
| Net margin | 3%+1.6pp | 1.5%+1.6pp | -0.1%+0.3pp | -0.4%+0.4pp | -0.8%-1.0pp | |
| EBITDA margin | 6.4%+1.8pp | 4.6%+2.1pp | 2.5%+1.0pp | 1.5%+0.3pp | 1.2%+0.1pp | |
| Free cash flow margin | 22.5%-0.1pp | 22.6%+0.7pp | 21.9%-0.1pp | 22%+0.4pp | 21.6%+0.2pp | |
| Returns | ||||||
| Return on equity | 5%+2.7pp | 2.3%+2.5pp | -0.2%+0.5pp | -0.7%+0.7pp | -1.3%-1.6pp | |
| Return on assets | 2.6%+1.4pp | 1.2%+1.3pp | -0.1%+0.2pp | -0.3%+0.3pp | -0.7%-0.8pp | |
| Return on invested capital | 3.6%+3.3pp | 0.3%+1.9pp | -1.6%+0.9pp | -2.5%-0.1pp | -2.4%-0.1pp | |
| Efficiency | ||||||
| Asset turnover | 0.9×0.0× | 0.8×0.0× | 0.8×0.0× | 0.8×0.0× | 0.8×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.6×-0.1× | 1.7×+0.1× | 1.6×-0.2× | 1.8×+0.1× | 1.7×0.0× | |
| Quick ratio | 1.6×-0.1× | 1.7×+0.1× | 1.6×-0.2× | 1.8×+0.1× | 1.7×0.0× | |
| Cash ratio | 0.6×0.0× | 0.6×+0.1× | 0.5×0.0× | 0.5×+0.1× | 0.4×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Debt-to-assets | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Net debt / EBITDA | -3.3×+1.0× | -4.3×+0.3× | -4.6×+2.9× | -7.5×— | —— | |
| Interest coverage | 131.7×+123× | 8.4×+36.7× | -28.3×-2.0× | -26.3×-5.4× | -20.9×-2.8× | |
| Per Share | ||||||
| Book value per share | $37.98-2.2% | $38.84+10.2% | $35.23-10.1% | $39.19+2.0% | $38.44+4.4% | |
| Valuation | ||||||
| Market capitalization | $12.87B-38.8% | $21.02B-14.7% | $24.65B-16.1% | $29.39B-1.4% | $29.79B-17.2% | |
| Enterprise value | $12.18B-40.3% | $20.4B-16.1% | $24.31B-16.4% | $29.07B-1.3% | $29.46B-17.6% | |
| Price / sales | 3.9×-2.8× | 6.7×-1.5× | 8.3×-2.1× | 10.3×-0.6× | 10.9×-2.8× | |
| Price / book | 6.4×-3.7× | 10.2×-3.1× | 13.3×-1.0× | 14.2×-0.6× | 14.9×-4.0× | |
| EV / EBITDA | 57.8×-84.2× | 142×-185× | 326.5×-351× | 677.8×— | —— | |
| EV / sales | 3.7×-2.8× | 6.5×-1.6× | 8.1×-2.1× | 10.2×-0.6× | 10.8×-2.8× | |
| Free cash flow yield | 5.8%+2.4pp | 3.4%+0.7pp | 2.7%+0.5pp | 2.1%+0.2pp | 2%+0.4pp | |
| Earnings yield | 0.8%+0.6pp | 0.2%+0.2pp | -0%0.0pp | -0%0.0pp | -0.1%-0.1pp |
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.
