FRSH vs HUBS Stock Comparison

Freshworks and Hubspot Prices as of Oct 26, 2026 Peers: Industry group
FRSH Freshworks Inc.
$15.36 +22.5% 1M +34.9% 1Y
Market cap
$4.05B
P/E
21.9x
Revenue (TTM)
$903.87M
Div. yield
–
CRM and Sales Software Technology
6 wins
HUBS Hubspot Inc
$264.00 +23.5% 1M -43.8% 1Y
Market cap
$12.69B
P/E
86.4x
Revenue (TTM)
$3.45B
Div. yield
–
CRM and Sales Software Technology
3 wins

Head to Head

9 decided of 12

Freshworks leads on 6 of the 12 questions below (Freshworks 6, Hubspot 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFRSHHUBSLeader
Larger companyMarket capitalisation $4.05B $12.69B HUBS
Cheaper on earningsLower P/E, profitable companies only 21.9x 86.4x FRSH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.3x 21.0x HUBS
Faster revenue growthRevenue growth, trailing twelve months +15.6% +21.1% HUBS
More profitableNet margin, trailing twelve months 20.5% 4.3% FRSH
Better return on capitalReturn on invested capital — — –
Less leveragedLower net debt / EBITDA — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +34.9% -43.8% FRSH
Better 5-year returnAnnualised price return, 5 years -19.2%/yr -19.8%/yr FRSH
Less volatileAnnualised volatility, 1 year 50.5% 76.0% FRSH
Higher overall scoreMean of the five percentile scores vs peers 77/100 75/100 FRSH

Percentile Scorecard

FRSHHUBS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFRSHHUBS
Valuation 63 #38 of 102 55 #47 of 102
Growth 92 #9 of 98 95 #6 of 98
Profitability 71 #28 of 95 72 #27 of 95
Financial Health 74 #29 of 109 75 #28 of 109
Shareholder Returns 83 #12 of 64 79 #14 of 64
Overall 77 75
  • FRSH ranked among 115 companies in Business Applications
  • HUBS ranked among 115 companies in Business Applications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFRSHHUBSSPY
1 month +22.5%+23.5% -0.8%
3 months +42.0%+18.4% +3.5%
6 months +84.2%+17.3% +7.0%
Year to date +25.4%-34.2% +12.2%
1 year +34.9%-43.8% +13.0%
3 years -13.1%-36.6% +86.3%
3 years, per year -4.6%-14.1% +23.1%
5 years -65.5%-66.9% +68.6%
5 years, per year -19.2%-19.8% +11.0%
10 years —+408.7% +258.0%
10 years, per year —+17.7% +13.6%

Risk

MeasureFRSHHUBSSPY
Volatility, 1Y 50.5%76.0% 12.7%
Downside volatility, 1Y 53.9%82.6% 12.7%
Beta vs S&P 500, 1Y 0.600.44 1.00
Return / volatility, 1Y 0.69-0.58 1.02
Max drawdown, 5Y -86.3%-80.0% -25.4%
From 52-week high -0.8%-46.6% -1.8%
52-week high $15.49$494.58 $779.14
52-week low $6.88$170.28 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFRSHHUBS
P/E now vs peer median 22.6xmedian 28.8x 90.9xmedian 28.8x
P/S now vs peer median 4.5xmedian 2.8x 3.8xmedian 2.8x
EV/EBITDA now vs peer median 36.1xmedian 17.7x 44.7xmedian 17.7x
P/FCF now vs peer median 17.3xmedian 15.8x 16.4xmedian 15.8x
P/B now vs peer median 4.5xmedian 3.2x 7.9xmedian 3.2x
PEG now vs peer median 0.50median 0.85 2.26median 0.85

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFRSHHUBS
Revenue $903.87M $3.45B
Gross profit $767.96M $2.87B
Operating income $30.28M $130.74M
Net income $185.20M $146.85M
Free cash flow $233.75M $797.50M
R&D $176.34M $908.52M
EPS (diluted) $0.68 $2.90
Cash & equivalents $494.67M $958.31M
Shares (diluted) 272.99M 50.62M
Enterprise value $1.02B $6.48B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFRSHHUBS
P/E 22.6x 90.9x
P/FCF 17.3x 16.4x
P/Operating cash flow 16.4x 15.3x
P/S 4.5x 3.8x
P/B 4.5x 7.9x
P/Tangible book 5.0x 8.1x
EV/EBITDA 36.1x 44.7x
EV/EBIT 111.4x 90.0x
EV/Revenue 3.7x 3.4x
EV/FCF 14.4x 14.8x
EV/Operating cash flow 13.7x 13.7x
PEG (3Y EPS CAGR) 0.50 2.26

Growth

14 metrics
MetricFRSHHUBS
Revenue growth (1Y) 15.6% 21.1%
Revenue CAGR (3Y) 18.4% 21.1%
Gross profit growth (1Y) 16.0% 19.2%
Gross profit CAGR (3Y) 19.9% 20.9%
Operating income growth (1Y) 137.0% 280.3%
Operating income CAGR (3Y) 28.9% 38.5%
Net income growth (1Y) 437.3% 1,332%
Net income CAGR (3Y) 43.7% 40.5%
EPS growth (1Y) 463.8% 1,382%
EPS CAGR (3Y) 44.8% 40.2%
Operating cash flow growth (1Y) 23.2% 26.0%
Operating cash flow CAGR (3Y) 93.0% 40.7%
Free cash flow growth (1Y) 21.5% 27.3%
Free cash flow CAGR (3Y) 98.5% 42.7%

Profitability

14 metrics
MetricFRSHHUBS
Gross margin 85.0% 83.2%
EBITDA margin 10.3% 7.6%
Operating margin 3.3% 3.8%
Pretax margin 5.6% 5.0%
Net margin 20.5% 4.3%
FCF margin 25.9% 23.1%
Operating cash flow margin 27.3% 24.8%
Return on equity 19.3% 8.0%
Return on assets 12.0% 4.0%
Return on invested capital – –
Return on capital employed 3.0% 6.2%
Asset turnover 0.6x 0.9x
Cash conversion (OCF / net income) 1.3x 5.8x
Stock comp / revenue 14.1% 14.9%

Financial Health

11 metrics
MetricFRSHHUBS
Debt / assets – –
Debt / equity – –
Net debt / EBITDA – –
Debt / FCF – –
Liabilities / assets 39.9% 52.7%
Equity / assets 60.1% 47.3%
Interest coverage – 203.0x
Current ratio 1.7x 1.4x
Quick ratio 1.5x 1.1x
Cash ratio 1.2x 0.9x
Altman Z-score 1.71 5.29

Shareholder Returns

7 metrics
MetricFRSHHUBS
Dividend yield – –
Net buyback yield 8.9% 8.1%
Shareholder yield 8.9% 8.1%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFRSHHUBS
Forward P/E 22.3xFY2026 21.0xFY2026
EPS, next fiscal year $0.69FY2026 $12.58FY2026
EPS growth, next FY +4.5%FY2026 +29.7%FY2026
EPS growth, the year after +23.2% +30.9%
Revenue, next fiscal year $1.01BFY2026 $3.46BFY2026
Revenue growth, next FY +20.3%FY2026 +10.5%FY2026
Revenue growth, the year after +15.4% +26.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFRSHHUBS
Held by institutions 77.1% 96.4%
Institutions holding 339 594
Change in shares held, QoQ +0.7% -0.6%
Institutions buying 217 317
Institutions selling 74 221
Buyers to sellers 2.93 1.43

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FRSHHUBS
FRSH 1.00 0.72
HUBS 0.72 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, FRSH and HUBS?

Hubspot (HUBS) is the largest by market capitalisation: Freshworks (FRSH) $4.05B, Hubspot (HUBS) $12.69B.

Which stock is cheaper, FRSH and HUBS?

Freshworks (FRSH) trades on the lowest price-to-earnings ratio (Freshworks (FRSH) 21.9x, Hubspot (HUBS) 86.4x). On next year's consensus earnings, Hubspot (HUBS) is cheapest (Freshworks (FRSH) 22.3x, Hubspot (HUBS) 21.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Hubspot (HUBS) grew revenue fastest over the trailing twelve months: Freshworks (FRSH) +15.6%, Hubspot (HUBS) +21.1%.

Which company is more profitable?

Freshworks (FRSH) has the highest net margin (Freshworks (FRSH) 20.5%, Hubspot (HUBS) 4.3%).

Which stock has performed better?

Over the past year Freshworks (FRSH) returned the most: Freshworks (FRSH) +34.9%, Hubspot (HUBS) -43.8%. Over five years, Freshworks (FRSH) compounded fastest (Freshworks (FRSH) -19.2%/yr, Hubspot (HUBS) -19.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Freshworks (FRSH) has been the steadiest (Freshworks (FRSH) 50.5%, Hubspot (HUBS) 76.0%). Volatility measures how widely the price swings, not the risk of the business.

Do FRSH and HUBS move together?

Their daily returns over the past year have a correlation of 0.72, a strong positive relationship. Holding both adds little diversification.

Which is the better stock, FRSH and HUBS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Freshworks (FRSH) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.