Last 47 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
HubSpot, Inc.'s quarterly P/E stands at 377.3x, down 54.6% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 307.57 | 377.26 | — | — | 1935.47 | 830.63 | — | 1305.33 | — | — | — | — | — |
| — | -54.6% | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 4.41 | 7.61 | 9.64 | 10.43 | 12.94 | 10.27 | 11.80 | 13.07 | 12.56 | 11.05 | 12.50 | 10.55 | 7.51 |
| — | -25.9% | -18.3% | -20.2% | +3.1% | -7.0% | -5.5% | +23.8% | +67.2% | +51.2% | +46.6% | -26.1% | -64.4% | |
| P/B Ratio | 6.81 | 13.28 | 14.20 | 14.86 | 19.08 | 15.71 | 18.79 | 22.27 | 21.90 | 20.78 | 24.43 | 20.24 | 14.22 |
| — | -15.5% | -24.4% | -33.2% | -12.9% | -24.4% | -23.1% | +10.0% | +54.1% | +45.1% | +48.1% | -25.3% | -60.2% | |
| P/FCF | 19.52 | 34.80 | 49.44 | 50.25 | 50.16 | 35.94 | 85.28 | 81.01 | 93.23 | 101.84 | 134.41 | 84.53 | 49.72 |
| — | -3.2% | -42.0% | -38.0% | -46.2% | -64.7% | -36.6% | -4.2% | +87.5% | +11.5% | -53.7% | -6.4% | -51.3% | |
| EV / EBITDA | 1787.77 | 442.22 | 845.32 | 5523.18 | 520.95 | 453.13 | — | — | — | 3187.62 | — | — | 1786.02 |
| — | -2.4% | — | — | — | -85.8% | — | — | — | — | — | — | -15.4% | |
| EV / EBIT | 1787.77 | 262.55 | — | — | 656.94 | 601.54 | — | 941.45 | — | — | — | — | — |
| — | -56.4% | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
HubSpot, Inc.'s operating margin was 1.4% in Q3 2025, up 4.6 pp QoQ and up 2.8 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -1.8% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.8% | 83.5% | 83.9% | 83.9% | 85.3% | 85.2% | 85.0% | 84.6% | 84.8% | 84.6% | 83.9% | 84.0% | 82.9% |
| — | -2.0% | -1.3% | -0.8% | +0.6% | +0.6% | +1.3% | +0.7% | +2.2% | +3.9% | +3.3% | +3.0% | +2.9% | |
| Operating Margin | 0.2% | 1.4% | -3.2% | -3.8% | -1.5% | -1.4% | -3.8% | -3.8% | -4.2% | -3.3% | -22.0% | -8.6% | -2.9% |
| — | +196.5% | +13.9% | -2.3% | +63.3% | +56.8% | +82.9% | +56.2% | -45.7% | +54.1% | -77.2% | -204.4% | -28.7% | |
| Net Margin | 3.0% | 2.0% | -0.4% | -3.1% | 0.7% | 1.2% | -2.3% | 1.0% | -2.3% | -0.6% | -21.1% | -7.3% | -3.3% |
| — | +67.9% | +81.1% | -417.5% | +130.3% | +289.6% | +89.3% | +113.1% | +29.8% | +90.9% | -58.1% | -210.0% | +24.9% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.7% | 0.8% | -0.2% | -1.1% | 0.3% | 0.5% | -0.9% | 0.4% | -1.1% | -0.3% | -10.5% | -3.6% | -1.6% |
| — | +73.6% | +83.1% | -361.2% | +125.2% | +254.1% | +91.0% | +111.8% | +34.5% | +91.1% | -58.9% | -229.3% | +14.2% | |
| ROA | 2.4% | 0.5% | -0.1% | -0.6% | 0.1% | 0.2% | -0.4% | 0.2% | -0.5% | -0.1% | -4.2% | -1.4% | -0.6% |
| — | +95.2% | +80.5% | -399.2% | +129.3% | +282.7% | +89.4% | +113.4% | +28.4% | +90.6% | -67.1% | -235.5% | +16.4% | |
| ROIC | 0.3% | 0.5% | -1.0% | -1.0% | -0.4% | -0.4% | -1.1% | -1.0% | -1.2% | -1.0% | -5.9% | -2.2% | -0.7% |
| — | +231.2% | +9.1% | +0.6% | +66.8% | +59.5% | +81.8% | +54.1% | -58.2% | +47.2% | -90.2% | -212.3% | -45.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
HubSpot, Inc.'s Debt/EBITDA ratio is 19.8x, down from 32.7x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.15 | 0.14 | 0.33 | 0.39 | 0.43 | 0.48 | 0.53 | 0.59 | 0.66 | 0.74 | 0.76 | 0.81 |
| — | -66.1% | -71.5% | -38.8% | -33.8% | -34.8% | -35.5% | -29.9% | -27.3% | -18.3% | -13.7% | -18.7% | -0.4% | |
| Debt / EBITDA | 35.55 | 19.80 | 32.70 | 485.30 | 42.40 | 49.29 | — | — | — | 403.03 | — | — | 395.07 |
| — | -59.8% | — | — | — | -87.8% | — | — | — | — | — | — | +106.9% | |
| Current Ratio | 1.67 | 1.61 | 1.79 | 1.66 | 1.67 | 1.64 | 1.56 | 2.07 | 1.99 | 2.35 | 2.25 | 2.25 | 2.30 |
| — | -1.9% | +15.4% | -19.9% | -15.8% | -30.4% | -30.9% | -8.0% | -13.8% | +0.7% | -2.7% | -0.2% | -2.1% | |
| Quick Ratio | 1.67 | 1.61 | 1.79 | 1.66 | 1.67 | 1.64 | 1.56 | 2.07 | 1.99 | 2.35 | 2.25 | 2.25 | 2.30 |
| — | -1.9% | +15.4% | -19.9% | -15.8% | -30.4% | -30.9% | -8.0% | -13.8% | +0.7% | -2.7% | -0.2% | -2.1% | |
| Interest Coverage | — | 2808.50 | -108.43 | -42.67 | -11.38 | -10.29 | -26.56 | -24.85 | -24.74 | -19.53 | -123.98 | -46.29 | -14.33 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare performance and metrics against top competitors.
Start ComparisonHubSpot, Inc.'s current P/E is 307.6x. The average P/E over the last 2 quarters is 1156.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
HubSpot, Inc.'s current operating margin is 0.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking HubSpot, Inc.'s business trajectory between earnings reports.