Is the business good?
How good a business is STUB?
StubHub Holdings, Inc. earns −80% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−80%
Return on invested capital · cost of capital 9.0% · 89 points below what the capital costs: growth destroys value
- Operating margin
- −70%
Operating margin · Internet Content & Information median 6.3% · 12 months to Q2 2026
- Share count, year on year
- +24%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 82%
Gross margin
| Year | Operating margin |
|---|---|
| FY2023 | 19% |
| FY2024 | 7.8% |
| FY2025 | −77% |
Details›
- Gross margin12 months to Q2 2026
- 82%
- Operating margin12 months to Q2 2026
- −70%
- Net margin12 months to Q2 2026
- −91%
- Free cash flow margin
- 33%
- Revenue, trailing twelve months
- $1.94B
- Free cash flow, trailing twelve months
- $634M
- Net income, trailing twelve months
- −$1.77B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −80%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Internet Content & Information
Ranks #10 of 24 by Smart Score