Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of HubSpot Inc

HUBS · NYSE · Technology

Fundamental quality

ATTRACTIVE

82

out of 100

HubSpot Inc earns a fundamental-quality score of 82 out of 100, profiling it as a company with solid fundamentals. Its score rests mainly on its growth (revenue +28.6%/yr). Its weakest area is its profitability (net margin 3%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

HubSpot sells marketing, sales and customer-service software for small and mid-sized businesses: a full CRM that starts free and grows with the customer. It is the Salesforce for companies that can't afford Salesforce.

What will shape its future

  • Its inbound engine: free content and a free product that convert users into paying customers.
  • Revenue per customer, rising as it adds modules and artificial intelligence.
  • SMB health: its clientele is the first to suffer when the economy cools.

Breakdown by area

I.Growth
95

EPS growth: 150% · Revenue growth: 28.6%

II.Profitability
57

Net margin: 3% · ROE: 5% · ROIC: 5%

III.Financial health
95

Net debt/EBITDA: -4.48x · FCF: 22.5%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 19%
ROEbeats 22%
Growthbeats 81%
Cash generationbeats 49%
Less debtbeats 98%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

HubSpot Inc strengths

  • Growing earnings per share (150% annualized).
  • High gross margin (83.7%), pointing to pricing power.
  • Revenue growing strongly (28.6% annualized).
  • Excellent free-cash-flow generation (FCF margin of 22.5%): profit turns into real cash.

HubSpot Inc risks and weaknesses

  • Thin margins (net margin of 3%), little cushion for setbacks.
  • Low return on equity (ROE of 5%).

HubSpot Inc historical evolution

YearRevenueNet incomeFree cash flowNet debt
2020883-8552-378
20211,301-78210-377
20221,731-107236-331
20232,170-165317-388
20242,6285561-513
20253,13146708-882

Between 2020 and 2025, revenue went from $883M to $3,131M (+255%) and net income went from -$85M to $46M (+154%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+23.4%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is HubSpot Inc cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is HubSpot Inc a good company to invest in?

In terms of business quality, HubSpot Inc scores 82 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is HubSpot Inc a profitable company?

HubSpot Inc is profitable, with a net margin of 3%, though a thin one.

Does HubSpot Inc have a lot of debt?

No. HubSpot Inc has a net cash position: more cash than debt.

Is HubSpot Inc growing?

Its revenue has grown 28.6% annualized in recent years and its earnings per share 150%, and without interruption since 2020.

Does HubSpot Inc generate cash?

Yes. It converts about 22.5% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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