14 years of historical data (2012–2025) · Technology · Software - Application
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
HubSpot, Inc. trades at 307.6x earnings, 93% below its 5-year average of 4134.6x, sitting at the 50th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a premium of 1119%. On a free-cash-flow basis, the stock trades at 19.5x P/FCF, 79% below the 5-year average of 92.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $13.8B | $21.3B | $36.1B | $29.0B | $13.9B | $30.9B | $17.7B | $6.7B | $4.8B | $3.3B | $1.7B |
| Enterprise Value | $13.2B | $20.7B | $36.3B | $29.4B | $14.4B | $31.2B | $18.2B | $7.0B | $5.1B | $3.5B | $1.6B |
| P/E Ratio → | 307.57 | 466.63 | 7802.58 | — | — | — | — | — | — | — | — |
| P/S Ratio | 4.41 | 6.82 | 13.74 | 13.34 | 8.03 | 23.76 | 20.09 | 9.87 | 9.44 | 8.67 | 6.11 |
| P/B Ratio | 6.81 | 10.33 | 18.92 | 21.70 | 14.01 | 35.37 | 23.27 | 10.25 | 19.80 | 15.48 | 13.94 |
| P/FCF | 19.52 | 30.17 | 64.40 | 115.49 | 76.61 | 174.76 | 590.66 | 102.28 | 94.29 | 146.20 | — |
| P/OCF | 18.16 | 28.06 | 60.32 | 82.50 | 50.87 | 129.47 | 199.56 | 55.99 | 57.09 | 65.62 | 85.42 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
HubSpot, Inc.'s enterprise value stands at 1787.8x EBITDA, 12% below its 5-year average of 2026.1x. The Technology sector median is 15.7x, placing the stock at a 11258% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.62 | 13.83 | 13.53 | 8.30 | 24.02 | 20.56 | 10.37 | 9.85 | 9.23 | 5.89 |
| EV / EBITDA | 1787.77 | 2808.89 | 1243.37 | — | — | — | — | — | — | — | — |
| EV / EBIT | 1787.77 | — | 1121.63 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 29.29 | 64.81 | 117.09 | 79.23 | 176.66 | 604.33 | 107.48 | 98.32 | 155.67 | — |
Margins and return-on-capital ratios measuring operating efficiency
HubSpot, Inc. earns an operating margin of 0.2%. Operating margins have expanded from -9.3% to 0.2% over the past 3 years, signaling improving operational efficiency. ROE of 4.7% is modest. ROIC of 0.3% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.8% | 83.8% | 85.0% | 84.4% | 82.2% | 80.1% | 81.1% | 80.7% | 80.4% | 79.8% | 77.2% |
| Operating Margin | 0.2% | 0.2% | -2.6% | -9.3% | -5.9% | -4.2% | -5.8% | -7.0% | -9.4% | -10.7% | -16.5% |
| Net Profit Margin | 3.0% | 3.0% | 0.2% | -7.6% | -6.2% | -6.0% | -9.6% | -8.0% | -12.4% | -10.6% | -16.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.7% | 4.7% | 0.3% | -14.1% | -11.5% | -9.5% | -12.0% | -12.0% | -28.1% | -24.1% | -37.9% |
| ROA | 2.4% | 2.4% | 0.1% | -5.9% | -4.5% | -3.8% | -4.8% | -4.5% | -8.3% | -8.2% | -19.0% |
| ROIC | 0.3% | 0.3% | -2.6% | -9.4% | -5.8% | -3.4% | -3.5% | -4.9% | -8.3% | -12.5% | -52.7% |
| ROCE | 0.3% | 0.3% | -3.1% | -10.3% | -6.2% | -3.6% | -3.7% | -5.1% | -8.5% | -12.0% | -34.2% |
Solvency and debt-coverage ratios — lower is generally safer
HubSpot, Inc. carries a Debt/EBITDA ratio of 35.5x, which is highly leveraged (1100% above the sector average of 3.0x). The company holds a net cash position — cash of $882M exceeds total debt of $262M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 0.39 | 0.59 | 0.81 | 0.82 | 1.03 | 0.94 | 1.30 | 1.42 | 0.01 |
| Debt / EBITDA | 35.55 | 35.55 | 25.51 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.30 | 0.12 | 0.30 | 0.48 | 0.38 | 0.54 | 0.52 | 0.85 | 1.00 | -0.49 |
| Net Debt / EBITDA | -84.01 | -84.01 | 7.96 | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -0.88 | 0.42 | 1.59 | 2.62 | 1.90 | 13.67 | 5.20 | 4.03 | 9.47 | — |
| Interest Coverage | — | — | -18.17 | -52.86 | -27.34 | -1.81 | -1.37 | -2.06 | -2.26 | -3.04 | -168.54 |
Net cash position: cash ($882M) exceeds total debt ($262M)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.67x means HubSpot, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.99x to 1.67x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.67 | 1.67 | 1.67 | 1.99 | 2.30 | 2.35 | 3.27 | 3.44 | 3.01 | 3.38 | 1.38 |
| Quick Ratio | 1.67 | 1.67 | 1.67 | 1.99 | 2.30 | 2.35 | 3.27 | 3.44 | 3.01 | 3.38 | 1.38 |
| Cash Ratio | 1.16 | 1.16 | 1.32 | 1.47 | 1.85 | 1.94 | 2.81 | 2.98 | 2.50 | 2.83 | 0.90 |
| Asset Turnover | — | 0.81 | 0.69 | 0.71 | 0.68 | 0.60 | 0.45 | 0.43 | 0.62 | 0.53 | 1.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 48.86 | 46.51 | 49.67 | 47.83 | 44.16 | 52.26 | 50.04 | 54.86 | 58.96 | 52.51 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
HubSpot, Inc. returns 3.6% to shareholders annually primarily through share buybacks. The earnings yield of 0.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.3% | 0.2% | 0.0% | — | — | — | — | — | — | — | — |
| FCF Yield | 5.1% | 3.3% | 1.6% | 0.9% | 1.3% | 0.6% | 0.2% | 1.0% | 1.1% | 0.7% | — |
| Buyback Yield | 3.6% | 2.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.6% | 2.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $53M | $52M | $50M | $48M | $47M | $45M | $42M | $39M | $37M | $35M |
Compare HUBS with 7 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| HUBSYou | $14B | 307.6 | 1787.8 | 19.5 | 83.8% | 0.2% | 4.7% | 0.3% | 35.5 |
| CRM | $187B | 25.0 | 20.9 | 13.0 | 77.7% | 21.5% | 12.4% | 10.9% | 0.8 |
| PEGA | $7B | 20.5 | 27.8 | 14.8 | 75.9% | 15.1% | 57.3% | 27.5% | 0.2 |
| FRSH | $2B | -24.4 | — | 16.3 | 84.3% | -19.2% | -8.6% | -17.8% | — |
| CXM | $1B | 13.2 | 31.3 | 19.9 | 72.1% | 3.0% | 18.8% | 3.4% | 1.1 |
| BRZE | $189M | -18.6 | — | 8.1 | 69.1% | -20.6% | -22.6% | -19.4% | — |
| HTCR | $6M | -3.8 | 9.7 | — | 58.6% | 0.2% | -26.6% | 0.6% | 4.6 |
| IFBD | $5M | -0.9 | — | — | 41.2% | -120.6% | -3.4% | -2.2% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 14 years · Updated daily
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Start ComparisonHubSpot, Inc.'s current P/E ratio is 307.6x. This places it at the 50th percentile of its historical range.
HubSpot, Inc.'s current EV/EBITDA is 1787.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
HubSpot, Inc.'s return on equity (ROE) is 4.7%. The historical average is -16.7%.
Based on historical data, HubSpot, Inc. is trading at a P/E of 307.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
HubSpot, Inc. has 83.8% gross margin and 0.2% operating margin.
HubSpot, Inc.'s Debt/EBITDA ratio is 35.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.