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.

HubSpot HUBS Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	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
EBITDA margin	6.4%+5.2pp	4.6%+3.5pp	2.5%+2.2pp	1.5%+1.7pp	1.2%+5.7pp
Free cash flow margin	22.5%+0.9pp	22.6%+1.3pp	21.9%+3.0pp	22%+5.1pp	21.6%+5.8pp
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 assets	2.6%+3.2pp	1.2%+1.1pp	-0.1%+0.3pp	-0.3%+0.5pp	-0.7%+3.5pp
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×
Quick ratio	1.6×0.0×	1.7×0.0×	1.6×0.0×	1.8×+0.2×	1.7×-0.4×
Cash ratio	0.6×+0.2×	0.6×+0.3×	0.5×+0.2×	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×-0.1×	0.1×-0.1×
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×+7.1×	-4.3×+3.4×	-4.6×+9.7×	-7.5×—	-10.4×—
Interest coverage	131.7×+153×	8.4×+26.6×	-28.3×-7.0×	-26.3×-2.7×	-20.9×+26.6×
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%
Enterprise value	$12.18B-58.7%	$20.4B-42.9%	$24.31B-10.0%	$29.07B-1.1%	$29.46B-6.2%
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×—
EV / sales	3.7×-7.1×	6.5×-7.1×	8.1×-2.6×	10.2×-2.1×	10.8×-2.9×
Free cash flow yield	5.8%+3.8pp	3.4%+1.8pp	2.7%+0.9pp	2.1%+0.8pp	2%+0.8pp
Earnings yield	0.8%+0.9pp	0.2%+0.2pp	-0%0.0pp	-0%0.0pp	-0.1%+0.3pp

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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.