HUBS
HubSpot, Inc.
HUBS's fundamentals are strong: revenue grew 20% and its operating margin went from −1.7% to 5.3%. At 52x earnings, it's trading less than half its usual 117x. Analysts expect that strong growth to continue.
HUBS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
HUBS's revenue, profitability, cash flow and balance sheet are all currently healthy.
HUBS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $216 | — |
| Current | 52x | $216 | — |
| Cheap | 81x | $340 | +58% |
| Fair | 117x | $487 | +126% |
| Expensive | 6,152x | $25,716 | +11814% |
Historical ranges are pointers, not guarantees.
HUBS's PE is in its cheap range at 52x. If earnings grow as analysts expect, today's price would be 13x next year's earnings.
HUBS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for HUBS, with profitability improving.
HUBS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $16.09 | +285% |
| Q3 2026 | $4.18 | +$4.26 |
| Q2 2026 | $2.82 | +$3.05 |
| Q1 2026 | $1.90 | +$2.35 |
| Q4 2025 | $0.86 | +856% |
| Q3 2025 | -$0.08 | +$0.17 |
| Q2 2025 | -$0.23 | +$0.29 |
| Q1 2025 | -$0.45 | +$2.18 |
| Q4 2024 | $0.09 | +$3.62 |
HUBS has returned to profit: it earned $4.18 per share over the past year, after losing money the year before.
HUBS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $947.6M | +17% |
| Q2 2026 | $911.7M | +20% |
| Q1 2026 | $881M | +23% |
| Q4 2025 | $846.7M | +20% |
| Q3 2025 | $809.5M | +21% |
| Q2 2025 | $760.9M | +19% |
| Q1 2025 | $714.1M | +16% |
| Q4 2024 | $703.2M | +21% |
HUBS's revenue has grown year over year every quarter since late 2020: $948M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.6% | +6.2 points |
| Q2 2026 | 4.8% | +8 points |
| Q1 2026 | 3.2% | +7 points |
| Q4 2025 | 5.7% | +7.2 points |
| Q3 2025 | 1.4% | +2.8 points |
| Q2 2025 | -3.2% | +0.5 points |
| Q1 2025 | -3.9% | -0.1 points |
| Q4 2024 | -1.5% | +2.6 points |
HUBS's operating margin was 7.6% last quarter, up 6.2 points from the same quarter a year ago, near the top of its range since 2019.
HUBS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $222M | +25% |
| Q2 2026 | $203.1M | +37% |
| Q1 2026 | $183.4M | +24% |
| Q4 2025 | $234M | +29% |
| Q3 2025 | $177M | +19% |
| Q2 2025 | $148.3M | +35% |
| Q1 2025 | $148.2M | +22% |
| Q4 2024 | $181.4M | +90% |
HUBS generated $842M in free cash flow over the past year, up 29% from the year before.
HUBS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.1% | -1.1M shares |
| 1 year | -6% | -3.1M shares |
| 3 years | -1% | -516K shares |
| 5 years | +5.3% | +2.5M shares |
| Available history | +18% | +7.5M shares |
HUBS has 50M diluted shares, down 6% from a year ago, with $988M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $230.8M |
| Q2 2026 | $536.2M |
| Q1 2026 | $206.7M |
| Q4 2025 | $14.7M |
| Q3 2025 | $360.3M |
HUBS spent $988M buying back its own shares over the past year.
HUBS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.9x | Net Cash |
| Q2 2026 | -4.2x | Net Cash |
| Q1 2026 | -5.9x | Net Cash |
| Q1 2025 | -1,561.9x | Net Cash |
HUBS has more cash than debt.
HUBS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.4 | Neutral |
| Stochastic | 36.2 | Neutral |
HUBS's weekly RSI is 46 (neutral) and its Stochastic is 36 (neutral).
HUBS PE vs Technology Sector
| Metric | HUBS | Sector median | Relative |
|---|---|---|---|
| PE | 52x | 28x | 85% above |
| PE % | 2 | 35 | 33 pts below |
HUBS is trading at 52x earnings, a 85% premium to the Technology sector's median of 28x.
HUBS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $226.2 | 4.6% below |
| 20 week MA | $225.0 | 4.1% below |
| 50 week MA | $248.8 | 13% below |
| 100 week MA | $408.5 | 47% below |
| 200 week MA | $468.0 | 54% below |
HUBS is in a downtrend: it's below all five of its weekly moving averages, and 54% below its 200-week average.
HUBS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $158.3 | $414.8 | +162% |
| 2021 | $414.8 | $675.0 | +63% |
| 2022 | $675.0 | $281.2 | -58% |
| 2023 | $281.2 | $580.5 | +106% |
| 2024 | $580.5 | $708.2 | +22% |
| 2025 | $708.2 | $398.2 | -44% |
| 2026 YTD | $398.2 | $215.8 | -46% |
HUBS's yearly returns have swung widely, from +162% in 2020 to −58% in 2022. It's down 46% so far in 2026.