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HUBSPOT INC（HUBS）与Ventas（VTR）财务数据对比。点击上方公司名可切换其他公司
Ventas的季度营收约是HUBSPOT INC的2.0倍（$1.7B vs $846.7M），HUBSPOT INC净利率更高（6.4% vs 3.6%，领先2.9%），Ventas同比增速更快（22.0% vs 20.4%），过去两年Ventas的营收复合增速更高（17.5% vs 17.1%）
HubSpot Inc.是总部位于美国马萨诸塞州剑桥市的企业服务提供商，2006年由布莱恩·哈利根与达尔梅什·沙阿联合创立，专注于研发和推广适配营销、销售及客户服务全场景的软件产品，为全球各规模企业的数字化运营提供工具支持。
Ventas是一家领先的医疗地产投资信托企业，旗下资产涵盖养老社区、医疗办公楼、生命科学研究设施及康复医疗中心等，主要在北美、英国地区运营，为医疗服务及生命科学机构提供专业物业解决方案。
HUBS vs VTR — 直观对比
营收规模更大
VTR
是对方的2.0倍
$846.7M
营收增速更快
VTR
高出1.6%
20.4%
净利率更高
HUBS
高出2.9%
3.6%
两年增速更快
VTR
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $846.7M | $1.7B |
| 净利润 | $54.4M | $59.0M |
| 毛利率 | 83.7% | — |
| 营业利润率 | 5.7% | — |
| 净利率 | 6.4% | 3.6% |
| 营收同比 | 20.4% | 22.0% |
| 净利润同比 | 992.2% | 19.0% |
| 每股收益（稀释后） | $1.03 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HUBSVTR
| Q1 26 | — | $1.7B | ||
| Q4 25 | $846.7M | $1.6B | ||
| Q3 25 | $809.5M | $1.5B | ||
| Q2 25 | $760.9M | $1.4B | ||
| Q1 25 | $714.1M | $1.4B | ||
| Q4 24 | $703.2M | $1.3B | ||
| Q3 24 | $669.7M | $1.2B | ||
| Q2 24 | $637.2M | $1.2B |
净利润HUBSVTR
| Q1 26 | — | $59.0M | ||
| Q4 25 | $54.4M | $73.0M | ||
| Q3 25 | $16.5M | $68.7M | ||
| Q2 25 | $-3.3M | $71.5M | ||
| Q1 25 | $-21.8M | $48.4M | ||
| Q4 24 | $5.0M | $58.7M | ||
| Q3 24 | $8.1M | $21.0M | ||
| Q2 24 | $-14.4M | $21.2M |
毛利率HUBSVTR
| Q1 26 | — | — | ||
| Q4 25 | 83.7% | — | ||
| Q3 25 | 83.5% | — | ||
| Q2 25 | 83.9% | — | ||
| Q1 25 | 83.9% | — | ||
| Q4 24 | 85.3% | — | ||
| Q3 24 | 85.2% | — | ||
| Q2 24 | 85.0% | — |
营业利润率HUBSVTR
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 4.9% | ||
| Q3 25 | 1.4% | 3.0% | ||
| Q2 25 | -3.2% | 3.0% | ||
| Q1 25 | -3.8% | 3.0% | ||
| Q4 24 | -1.5% | -0.0% | ||
| Q3 24 | -1.4% | 1.5% | ||
| Q2 24 | -3.8% | -1.6% |
净利率HUBSVTR
| Q1 26 | — | 3.6% | ||
| Q4 25 | 6.4% | 4.7% | ||
| Q3 25 | 2.0% | 4.6% | ||
| Q2 25 | -0.4% | 5.0% | ||
| Q1 25 | -3.1% | 3.6% | ||
| Q4 24 | 0.7% | 4.6% | ||
| Q3 24 | 1.2% | 1.7% | ||
| Q2 24 | -2.3% | 1.8% |
每股收益（稀释后）HUBSVTR
| Q1 26 | — | — | ||
| Q4 25 | $1.03 | $0.15 | ||
| Q3 25 | $0.31 | $0.14 | ||
| Q2 25 | $-0.06 | $0.15 | ||
| Q1 25 | $-0.42 | $0.10 | ||
| Q4 24 | $0.09 | $0.13 | ||
| Q3 24 | $0.16 | $0.05 | ||
| Q2 24 | $-0.28 | $0.05 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $882.2M | $183.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $13.2B |
| 总资产 | $3.9B | $27.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HUBSVTR
| Q1 26 | — | $183.6M | ||
| Q4 25 | $882.2M | $741.1M | ||
| Q3 25 | $614.4M | $188.6M | ||
| Q2 25 | $601.2M | $614.2M | ||
| Q1 25 | $625.0M | $182.3M | ||
| Q4 24 | $512.7M | $897.9M | ||
| Q3 24 | $410.1M | $1.1B | ||
| Q2 24 | $797.9M | $557.1M |
总债务HUBSVTR
| Q1 26 | — | — | ||
| Q4 25 | — | $13.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $13.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HUBSVTR
| Q1 26 | — | $13.2B | ||
| Q4 25 | $2.1B | $12.5B | ||
| Q3 25 | $1.9B | $12.4B | ||
| Q2 25 | $2.1B | $11.5B | ||
| Q1 25 | $2.0B | $11.5B | ||
| Q4 24 | $1.9B | $10.8B | ||
| Q3 24 | $1.8B | $9.8B | ||
| Q2 24 | $1.6B | $9.6B |
总资产HUBSVTR
| Q1 26 | — | $27.7B | ||
| Q4 25 | $3.9B | $27.6B | ||
| Q3 25 | $3.5B | $26.9B | ||
| Q2 25 | $3.7B | $26.5B | ||
| Q1 25 | $3.9B | $26.0B | ||
| Q4 24 | $3.8B | $26.2B | ||
| Q3 24 | $3.6B | $25.3B | ||
| Q2 24 | $3.4B | $24.5B |
负债/权益比HUBSVTR
| Q1 26 | — | — | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $247.4M | — |
| 自由现金流经营现金流 - 资本支出 | $234.0M | — |
| 自由现金流率自由现金流/营收 | 27.6% | — |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 现金转化率经营现金流/净利润 | 4.55× | — |
| 过去12个月自由现金流最近4个季度 | $707.6M | — |
8季度趋势，按日历期对齐
经营现金流HUBSVTR
| Q1 26 | — | — | ||
| Q4 25 | $247.4M | $471.7M | ||
| Q3 25 | $187.4M | $378.6M | ||
| Q2 25 | $164.4M | $475.3M | ||
| Q1 25 | $161.6M | $321.1M | ||
| Q4 24 | $194.1M | $373.6M | ||
| Q3 24 | $159.5M | $353.7M | ||
| Q2 24 | $117.8M | $335.9M |
自由现金流HUBSVTR
| Q1 26 | — | — | ||
| Q4 25 | $234.0M | — | ||
| Q3 25 | $177.0M | — | ||
| Q2 25 | $148.3M | — | ||
| Q1 25 | $148.2M | — | ||
| Q4 24 | $181.4M | — | ||
| Q3 24 | $148.4M | — | ||
| Q2 24 | $109.6M | — |
自由现金流率HUBSVTR
| Q1 26 | — | — | ||
| Q4 25 | 27.6% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | 19.5% | — | ||
| Q1 25 | 20.8% | — | ||
| Q4 24 | 25.8% | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 17.2% | — |
资本支出强度HUBSVTR
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.3% | — |
现金转化率HUBSVTR
| Q1 26 | — | — | ||
| Q4 25 | 4.55× | 6.46× | ||
| Q3 25 | 11.33× | 5.51× | ||
| Q2 25 | — | 6.65× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | 38.96× | 6.36× | ||
| Q3 24 | 19.59× | 16.84× | ||
| Q2 24 | — | 15.87× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
HUBS
| Subscription And Circulation | $829.0M | 98% |
| Services | $17.8M | 2% |
VTR
| Resident fees and services | $1.3B | 78% |
| Outpatient medical and research portfolio | $230.1M | 14% |
| Triple-net leased properties | $123.1M | 7% |
| Third-party capital management revenues | $4.4M | 0% |
