HubSpot
HUBS · Application Software
$270.88
1.4%PTC
PTC · Application Software
$193.80
0.1%The short version
- HubSpot is the larger business, with $3.1B of revenue in fiscal 2025 against $2.7B for PTC.
- PTC kept more of each dollar of sales as operating profit (35.9% operating margin, against 0.2% operating margin).
- PTC turned more of its sales into free cash flow (31.3% FCF margin, against 22.6% FCF margin).
- Investors pay more for each dollar of HubSpot’s earnings: a P/E of 96.4x against 18.9x for PTC.
| Latest fiscal year | HUBS · FY25 | PTC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $13.7B | $22.3B |
| Revenue | $3.1B | $2.7B |
| Free cash flow | $708M | $857M |
| Net income | $45.9M | $734M |
| Growth | ||
| Revenue growth | 19.2% | 19.2% |
| 5-year growth | 28.8% | 13.4% |
| Share count change | 2.7% | 0.0% |
| Profitability | ||
| Gross margin | 83.8% | 83.8% |
| Operating margin | 0.2% | 35.9% |
| Net margin | 1.5% | 26.8% |
| FCF margin | 22.6% | 31.3% |
| Return on capital | — | 17.4% |
| Return on equity | 2.3% | 20.9% |
| Balance sheet | ||
| Net debt | — | $988M |
| Net debt / EBITDA | — | 0.9x |
| Dividends and buybacks | $500M | $300M |
| Valuation & quality | ||
| P/E | 96.4x | 18.9x |
| Piotroski F-score | — | 8 |
FY16
HUBS $271M
PTC $1.1B
FY17
HUBS $376M
PTC $1.2B
FY18
HUBS $513M
PTC $1.2B
FY19
HUBS $675M
PTC $1.3B
FY20
HUBS $883M
PTC $1.5B
FY21
HUBS $1.3B
PTC $1.8B
FY22
HUBS $1.7B
PTC $1.9B
FY23
HUBS $2.2B
PTC $2.1B
FY24
HUBS $2.6B
PTC $2.3B
FY25
HUBS $3.1B
PTC $2.7B
HUBS
PTC
FY16
HUBS −16.5%
PTC −3.3%
FY17
HUBS −10.7%
PTC 3.6%
FY18
HUBS −9.4%
PTC 5.9%
FY19
HUBS −7.0%
PTC 5.0%
FY20
HUBS −5.8%
PTC 14.5%
FY21
HUBS −4.2%
PTC 21.1%
FY22
HUBS −5.9%
PTC 23.1%
FY23
HUBS −9.3%
PTC 21.9%
FY24
HUBS −2.6%
PTC 25.6%
FY25
HUBS 0.2%
PTC 35.9%
HUBS
PTC
FY16
HUBS $3.6M
PTC $157M
FY17
HUBS $29.3M
PTC $110M
FY18
HUBS $62.6M
PTC $212M
FY19
HUBS $78.6M
PTC $221M
FY20
HUBS $51.6M
PTC $214M
FY21
HUBS $210M
PTC $344M
FY22
HUBS $236M
PTC $416M
FY23
HUBS $317M
PTC $587M
FY24
HUBS $561M
PTC $736M
FY25
HUBS $708M
PTC $857M
HUBS
PTC
FY16
HUBS —
PTC —
FY17
HUBS —
PTC —
FY18
HUBS —
PTC —
FY19
HUBS —
PTC 2.2%
FY20
HUBS —
PTC 10.9%
FY21
HUBS —
PTC 14.3%
FY22
HUBS —
PTC 10.8%
FY23
HUBS —
PTC 9.1%
FY24
HUBS —
PTC 11.4%
FY25
HUBS —
PTC 17.4%
HUBS
PTC
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.