HubSpot Inc. HUBS

Name: HUBS Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 16, 2026

Price at analysis: $238.07

Crucible Score

65.0

B-

Quality × Value Composite

KQI — Quality

72.7

Fundamental Quality Index

KVI — Value

55.6

Valuation Attractiveness Index

Crucible Verdict — HUBS

HubSpot Inc. delivers strong growth fundamentals with an 85 Growth Profile score and perfect earnings beat streak, but HUBS trades at a 19% discount to fair value despite solid execution under CEO Yamini Rangan's performance-driven leadership. The quality-value disconnect stems from concerns over diversification limits and management effectiveness, creating an attractive entry point for investors betting on sustained CRM market expansion.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

71.0

Growth Profile⚠

84.7

Moat Durability

83.3

Management Effectiveness

60.4

Diversification & Resilience

53.2

Market Position

64.0

Weakest dimension: Diversification & Resilience (53.2)

◆ KVI Value Dimensions

DCF Margin of Safety

62.7

FCF Yield & Cash Returns

61.4

Relative Valuation

37.6

Growth-Adjusted Value

35.0

Historical Valuation

94.5

Macro Context

26.4

◆ DCF Valuation Scenarios

Bear Case

$168.42

Base Case

$282.15

Bull Case

$438.60

Price at Analysis

$238.07

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$168.42	10.0%	15.0%	12.3%
🟢 Base	$282.15	14.0%	20.0%	11.8%
🟢 Bull	$438.60	18.0%	25.0%	11.3%

Key Assumptions: Revenue growth anchored to 5-year historical CAGR of ~24% but decelerating materially as HUBS scales past $3B; operating margins assumed to expand from near-breakeven toward 15-25% terminal range reflecting SaaS operating leverage but tempered by continued heavy S&M spend. WACC derived from CAPM with 4.39% risk-free rate, 1.45 beta, and 5.25% ERP yielding ~12.0% base cost of equity, with scenarios varying +/- 50bps. D&A-adjusted FCF conversion improves as capex intensity remains low at ~2% of revenue.

◆ Financial Snapshot

Profitability

Gross Margin83.8%

Operating Margin20.0%

Net Margin1.5%

ROIC16.0%

ROE-13.2%

Balance Sheet

Balance SheetCR: 1.52

Cash ConversionFCF/EPS: 14.67x

Capital IntensityCapex/Rev: 1.7%

Altman Z-Score5.50 (Safe)

Piotroski F-Score5/9 (Mixed)

Growth

Revenue CAGR24.6% CAGR

Earnings CAGRInsufficient data

Growth ConsistencyCV: 0.26

Segment Breadth2/2 growing (100%)

Quarterly TrendMargin↑, WC↓, Exp↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEOYamini Rangan · 5 years

CEO Ownership4.0%

Compensation98% performance-based

Insider ActivitySelling

Capital AllocationROIC 0.2% vs WACC 0.1%

Earnings Beat Rate100% (22/22)

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Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 16, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.