HubSpot (HubSpot) Gross Profit : $1,825 Mil (TTM As of Dec. 2023)

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What is HubSpot Gross Profit?

HubSpot's gross profit for the three months ended in Dec. 2023 was $493 Mil. HubSpot's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $1,825 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. HubSpot's gross profit for the three months ended in Dec. 2023 was $493 Mil. HubSpot's Revenue for the three months ended in Dec. 2023 was $582 Mil. Therefore, HubSpot's Gross Margin % for the quarter that ended in Dec. 2023 was 84.77%.

HubSpot had a gross margin of 84.77% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of HubSpot was 84.08%. The lowest was 69.73%. And the median was 80.27%.

HubSpot Gross Profit Historical Data

The historical data trend for HubSpot's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HubSpot Gross Profit Chart

HubSpot Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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544.90

716.07

1,041.80

1,416.71

1,824.74

HubSpot Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															389.40	419.57	441.85	470.03	493.28

Competitive Comparison of HubSpot's Gross Profit

For the Software - Application subindustry, HubSpot's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HubSpot's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, HubSpot's Gross Profit distribution charts can be found below:

* The bar in red indicates where HubSpot's Gross Profit falls into.

HubSpot Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

HubSpot's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2170.23	-	345.489
	=	1,825

HubSpot's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	581.915	-	88.635
	=	493

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,825 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

HubSpot's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	493	/	581.915
	=	84.77 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

HubSpot (NYSE:HUBS) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

HubSpot had a gross margin of 84.77% for the quarter that ended in Dec. 2023 => Durable competitive advantage

HubSpot Gross Profit Related Terms

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HubSpot (HubSpot) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HubSpot Inc (NYSE:HUBS) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

HUBS:Mexico 096:Germany 096:Germany H2UB34:Brazil

Address

25 First Street, 2nd Floor, Cambridge, MA, USA, 02141

Website

https://www.hubspot.com

HubSpot provides a cloud-based marketing, sales, and customer service software platform referred to as the growth platform. The applications are available ala carte or packaged together. HubSpot's mission is to help companies grow better and has expanded from its initial focus on inbound marketing to embrace marketing, sales, and service more broadly. The company was founded in 2006, completed its initial public offering in 2014, and is headquartered in Cambridge, Massachusetts.

Executives

Brian Halligan	director, officer: Chief Executive Officer	C/O HUBSPOT, 25 FIRST STREET, CAMBRIDGE MA 02141
Ronald S Gill	director	C/O NETSUITE INC, 2955 CAMPUS DRIVE SUITE 100, SAN MATEO CA 94403
Kathryn Bueker	officer: Chief Financial Officer	C/O HUBSPOT, INC., 25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141
Dharmesh Shah	director, officer: Chief Technology Officer	25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141
Lorrie M Norrington	director	C/O EBAY INC., 2145 HAMILTON AVENUE, SAN JOSE CA 95125
Dawson Alyssa Harvey	officer: Chief Legal Officer	1100 PAGE MILL RD, PALO ALTO CA 94304-1974
Andrew Anagnost	director	111 MCINNIS PARKWAY, AUTODESK, INC., SAN RAFAEL CA 94903
Yamini Rangan	officer: Chief Customer Officer	333 BRANNAN STREET, SAN FRANCISCO CA 94107
Claire D'oyly-hughes Johnson	director	C/O AMERESCO, INC., 111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812
John P. Kelleher	officer: General Counsel	25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141
Nick V. Caldwell	director	C/O HUBSPOT, INC., 25 FIRST STREET, CAMBRIDGE MA 02141
Michael K Simon	director	C/O LOGMEIN, INC., 500 UNICORN PARK DRIVE, WOBURN MA 01801
J Donald Sherman	officer: Chief Operating Officer	C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Hunter Madeley	officer: SVP, Global Sales	25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141
John Kinzer	officer: Chief Financial Officer	25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141