HubSpot, Inc. (HUBS)财务
NYSE · Technology · Software - Application · 员工9,016人 · CEO Yamini Rangan
- 股价
- $234.87 -1.96%
- 市值
- $120亿
- 企业价值
- $113亿
- 最近财报
- Q2 '26 2026-08-05提交
- 下次财报
- 2026-11-04 EPS预期 $3.27
营收(TTM)$34.5亿+21.1% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)3.8%+6.4 百分点 对比去年同期营业利润 $1.32亿
净利润(TTM)$1.47亿+1,331.8% 对比去年同期税后,含营业外收益
自由现金流(TTM)$7.67亿+14.6% 对比去年同期资本支出 $8910万
稀释EPS(TTM)$2.83+1,320.9% 对比去年同期最近4个季度之和
净现金$11亿-20.7% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $120亿 EV $113亿
- 营收
- $34.5亿 过去12个月
- 营收增速
- +18% FY2026年一致预期
- 净利润率
- 4.3% 净利润 / 营收,TTM
- P/E
- 83.0× 预期 17.7×(FY2026)
- P/S
- 3.5× 股价 / 营收,TTM
- EV / EBITDA
- 33.9× TTM
- 自由现金流
- $7.67亿 过去12个月
- 净利润
- $1.47亿 过去12个月
- 营收预期
- $36.8亿 FY2026年一致预期
- 盈利
- 2026-11-04 营收预期 $9.26亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-05):营收超预期1.5%,EPS 超预期7.9%营收$9.12亿,预期$8.98亿(+1.5%);EPS $3.26,预期$3.02(+7.9%)。
- 营收增长放缓:同比19.8%Q2 '26营收$9.12亿,此前四个季度的平均值为21.0%。
- 营业利润率3.8%(TTM),较去年同期+6.4 百分点营收增长21.1%,营业利润增长282.3%。
- 税前利润的23.9%来自营业外收益税前利润$1.74亿,营业利润$1.32亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的2.6%(去年为0.4%)最近4个季度投入$8910万(同比+778.0%)。自由现金流$7.67亿,相当于净利润的522.4%。
- 股东回报$7.58亿 = 自由现金流的98.7%回购$7.58亿(去年为$1.25亿),股息$0,股权激励$5.15亿(TTM)。
- 稀释股数一年内减少3.9%Q2 '26稀释股数5060万,一年前为5270万。
- 净现金 $11亿现金 + 短期投资 $13.4亿,含租赁债务 $2.37亿;一年前净现金 $13.9亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $9.12亿 | $7.61亿 | +19.8% |
| 毛利率 | 82.4% | 83.9% | -1.6 百分点 |
| 营业利润 | $4330万 | -$2460万 | +276.0% |
| 营业利润率 | 4.8% | -3.2% | +8.0 百分点 |
| 净利润 | $4330万 | -$326万 | +1,430.2% |
| 稀释EPS | $0.86 | -$0.06 | +1,491.6% |
| 经营现金流 | $2.23亿 | $1.64亿 | +35.5% |
| 资本支出 | $1970万 | $1600万 | +22.6% |
| 自由现金流 | $2.03亿 | $1.48亿 | +36.9% |
| R&D | $2.26亿 | $2.37亿 | -4.9% |
| 股权激励费用 | $1.28亿 | $1.41亿 | -8.9% |
实际 vs 一致预期
2026-08-05| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $9.12亿 | $8.98亿 | +1.5% |
| EPS(一致预期口径) | $3.26 | $3.02 | +7.9% |
来自2026-08-05发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Subscription and Circulation | $8.94亿 | +20.1% | 98.1% | $33.8亿 | +21.2% | |
| Service | $1770万 | +8.5% | 1.9% | $7210万 | +15.0% |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Americas | $5.34亿 | +16.7% | 58.5% | $20.3亿 | +17.6% | |
| Europe | $3.01亿 | +23.4% | 33.0% | $11.4亿 | +27.3% | |
| Asia Pacific | $7700万 | +29.2% | 8.4% | $2.81亿 | +23.6% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $8.56亿
- 资本支出
- -$8910万
- 股票回购
- -$7.58亿
- 股息
- $0
- 收购
- -$4520万
- 债务净发行
- $0
- 股权激励费用
- $5.15亿
- 自由现金流
- $7.67亿
- 股东回报 / FCF
- 98.7%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 83.0× | 4,099.0× 5年中的2年 | 456.0× – 7,741.9× |
| EV / EBITDA | 33.9× | 6,542.5× 5年中的3年 | 98.9× – 19,250.9× |
| EV / 营收 | 3.3× | 13.2× | 6.5× – 24.0× |
| 股价 / FCF | 15.7× | 92.0× | 29.8× – 174.8× |
| 股价 / 净资产 | 7.2× | 20.0× | 10.2× – 35.4× |
| FCF收益率 | 6.4% | 1.5% | 0.6% – 3.4% |
| 投入资本回报率 | 5.6% | -3.7% | -9.3% – 0.3% |
| 净资产收益率 | 7.8% | -5.9% | -12.3% – 2.2% |
分析师
一致目标价 $245.17 (+4.4%)
区间 $190.00 – $300.00 · 评级 Buy
强烈买入0
买入25
持有21
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $36.8亿 | +17.7% | $13.30 | +1,447.0% | 17.7× | 19 |
| FY2027 | $42亿 | +13.9% | $16.87 | +26.8% | 13.9× | 19 |
| FY2028 | $47.7亿 | +13.5% | $20.15 | +19.5% | 11.7× | 5 |
| FY2029 | $52.9亿 | +11.0% | $23.45 | +16.4% | 10.0× | 1 |
| FY2030 | $58.8亿 | +11.2% | $27.02 | +15.2% | 8.7× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
HubSpot, Inc.在近期10-Q / 10-K文件中标记的全部256项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $2600万 | $1250万 | +107.4% | $2480万 | $365万 | +578.7% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $3.78亿 | $3.21亿 | +17.8% | $4.19亿 | $3.35亿 | +25.2% |
| Accounts Receivable, Allowance for Credit Loss, Current | $729万 | $624万 | +16.8% | $683万 | $609万 | +12.1% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $2420万 | $1930万 | +25.5% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $2490万 | $1990万 | +25.6% |
| Accrued Liabilities | $02025-12-31 | $0 | – | $0 | $0 | – |
| Accrued Liabilities and Other Liabilities | $1.95亿 | $1.53亿 | +27.4% | $1.67亿 | $1.25亿 | +33.3% |
| Accrued Sales Commission, Current | $1.22亿 | $9890万 | +23.8% | $1.32亿 | $1.02亿 | +29.4% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.91亿 | $1.6亿 | +19.7% | $1.76亿 | $1.47亿 | +20.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $16.5万 | $543万 | -97.0% | $524万 | -$565万 | +192.7% |
| Additional Paid in Capital, Common Stock | $23.3亿 | $28.8亿 | -19.1% | $28.1亿 | $27.1亿 | +3.7% |
| Advertising Expense | – | – | – | $1.44亿 | $1.18亿 | +22.5% |
| Amortization of Debt Issuance Costs and Discounts | $14.6万 | $7.7万 | +89.6% | $57.7万 | $201万 | -71.3% |
| Amortization of Deferred Sales Commissions | $7100万 | $3700万 | +91.9% | $1.88亿 | $1.43亿 | +31.2% |
| Amortization of Intangible Assets | – | – | – | $1210万 | $960万 | +26.0% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1.31亿 | $1.5亿 | -12.5% | $5.52亿 | $5.24亿 | +5.3% |
| Asset Impairment Charges | – | – | – | $0 | $0 | – |
| Asset Retirement Obligation, Accretion Expense | – | – | – | $14.5万 | $13万 | +11.5% |
| Asset Retirement Obligation, Revision of Estimate | – | – | – | $69.7万 | -$37.3万 | +286.9% |
| Asset Retirement Obligations, Noncurrent | $670万2025-12-31 | $585万 | +14.4% | $670万 | $585万 | +14.4% |
| Assets | $35亿 | $36.8亿 | -4.9% | $38.5亿 | $38亿 | +1.5% |
| Assets, Current | $21.3亿 | $23.1亿 | -7.9% | $24.5亿 | $26.3亿 | -7.0% |
| Assets, Fair Value Disclosure | $8.06亿 | $14.1亿 | -42.8% | $11.7亿 | $17.9亿 | -34.6% |
| Capital Expenditures Incurred but Not yet Paid | -$247万 | -$224万 | -9.9% | $339万 | $170万 | +99.0% |
| Capitalized Computer Software, Accumulated Amortization | $3.89亿 | $2.67亿 | +45.9% | $3.24亿 | $2.2亿 | +47.5% |
| Capitalized Computer Software, Amortization | $3970万 | $2930万 | +35.5% | $1.18亿 | $7430万 | +58.7% |
| Capitalized Computer Software, Gross | $6.22亿 | $4.58亿 | +35.9% | $5.38亿 | $3.74亿 | +43.8% |
| Capitalized Computer Software, Net | $2.33亿 | $1.91亿 | +21.9% | $2.14亿 | $1.54亿 | +38.4% |
| Cash and Cash Equivalents, at Carrying Value | $9.58亿 | $6.01亿 | +59.4% | $8.82亿 | $5.13亿 | +72.1% |
| Cash and Cash Equivalents, Fair Value Disclosure | $3.62亿 | $1.3亿 | +178.1% | $1.91亿 | $6410万 | +198.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $9.61亿 | $6.04亿 | +59.1% | $8.85亿 | $5.17亿 | +71.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $9.61亿 | $6.04亿 | +59.1% | $8.85亿 | $5.17亿 | +71.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1440万 | -$2520万 | +157.1% | $3.68亿 | $1.25亿 | +195.3% |
| Common Stock, Capital Shares Reserved for Future Issuance | 165万2025-12-31 | 185万 | -11.0% | 165万 | 185万 | -11.0% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 5亿 | 5亿 | 0.0% | 5亿 | 5亿 | 0.0% |
| Common Stock, Shares, Issued | 5540万 | 5420万 | +2.2% | 5480万 | 5270万 | +4.1% |
| Common Stock, Shares, Outstanding | 4970万 | 5270万 | -5.8% | 5260万 | 5180万 | +1.5% |
| Common Stock, Value, Issued | $5万 | $5.3万 | -5.7% | $5.3万 | $5.2万 | +1.9% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $4170万 | $483万 | +763.6% | $5680万 | -$285万 | +2,091.2% |
| Contract with Customer, Liability, Current | $10.6亿 | $8.88亿 | +18.9% | $10亿 | $7.84亿 | +28.1% |
| Contract with Customer, Liability, Noncurrent | $638万 | $599万 | +6.4% | $850万 | $397万 | +114.0% |
| Contract with Customer, Liability, Revenue Recognized | $5.54亿 | $4.52亿 | +22.6% | $6.7亿2024-12-31 | $5.43亿 | +23.4% |
| Convertible Notes Payable, Current | – | – | – | $4.58亿2024-12-31 | – | – |
| Cost of Goods and Services Sold | $1.61亿 | $1.22亿 | +31.7% | $5.08亿 | $3.93亿 | +29.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | $435万 | $763万 | -43.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1780万 | $1210万 | +47.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $2360万 | $2140万 | +10.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $141万 | $164万 | -14.3% |
| Debt Securities, Available-for-sale | $4.25亿 | $12.6亿 | -66.3% | $9.58亿 | $17.1亿 | -44.0% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $8.3万 | $89.7万 | -90.7% | $132万 | $157万 | -16.1% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $31.5万 | $26.1万 | +20.7% | $4000 | $35.3万 | -98.9% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss | $0 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Amortized Cost | $4.25亿 | $12.6亿 | -66.2% | $9.57亿 | $17.1亿 | -44.0% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $4550万 | $1.91亿 | -76.2% | $1.36亿 | $1.54亿 | -11.7% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $3.8亿 | $10.7亿 | -64.5% | $8.21亿 | $15.6亿 | -47.2% |
| Debt Securities, Available-for-sale, Current | $3.8亿 | $10.7亿 | -64.5% | $8.22亿 | $15.6亿 | -47.2% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $4530万 | $1.91亿 | -76.3% | $1.37亿 | $1.54亿 | -11.4% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $3.8亿 | $10.7亿 | -64.5% | $8.22亿 | $15.6亿 | -47.2% |
| Debt Securities, Available-for-sale, Noncurrent | $4530万 | $1.91亿 | -76.3% | $1.37亿 | $1.54亿 | -11.4% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02