HubSpot, Inc.

HUBS Technology Software Application

HubSpot, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 19.2% from fiscal 2024.

Revenue
+17.1%
EPS
+441.9%
Free cash flow
+13.7%

Quarter to September 2026, against a year earlier

205.64 11.00 −5.08%
Market cap
$10.2B
P/E
49.0×
Fwd P/E
63.1×
Dividend yield
—
F-score
6/9
Altman Z
7.91
Beneish M
−3.04
Dividend safety
n/a

HubSpot, Inc. (HUBS) Free cash flow margin

Alert me on Free cash flow margin

HubSpot, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 18.9%, up 0.5 percentage points from fiscal 2025 (18.4%). Over the past ten years it has ranged from −7.24% (fiscal 2015) to 18.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Application industry median of 5.77% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 18.4% 0.54
FY2024 17.9% 6.33
FY2023 11.6% 1.07
FY2022 10.5% (3.12)
FY2021 13.6% 10.20
FY2020 3.40% (6.25)
FY2019 9.65% (0.37)
FY2018 10.0% 4.09
FY2017 5.93% 6.73
FY2016 −0.80% 6.44

Against its own ten years

Low −7.24% High 18.4%
Ten-year median 10.0%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
PAYC Paycom Software, Inc. compare 30.1%
BSY Bentley Systems, Incorporated compare 29.7%
FROG JFrog Ltd. compare 28.3%
PCOR Procore Technologies, Inc. compare 25.3%
PCTY Paylocity Holding Corporation compare 24.2%
ESTC Elastic N.V. compare 19.4%
HUBS HubSpot, Inc. 18.9%
CHYM Chime Financial, Inc. compare 17.2%
FIG Figma, Inc. compare 15.9%
Software Application industry median 5.77%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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