Fed up with the team arguing over which email finder to use, I ran a controlled test on 1000 B2B leads across Apollo, Hunter, and Lemlist's waterfall. The pricing differences can waste thousands a year if you pick wrong, and most comparison data online is from 2023 or straight from vendors.
The sample: 1000 leads from a target account list - 60% US, 25% UK and DACH, 15% rest of EU. Personas included CFO, VP Sales, Head of People, and Director of Engineering at companies sized 50 to 2000 employees.
I verified deliverability through ZeroBounce and a 7-day soft-send test, and tracked cost per usable email and batch processing time (matters when SDRs are waiting for lists).
results:
- Apollo: 83% hit rate, 89% deliverable, ~$0.07 per usable email, under 4 minutes.
- Hunter: 61% hit rate, 92% deliverable, ~$0.10 per usable email, 3 minutes.
- Lemlist waterfall: 94% hit rate, 87% deliverable, ~$0.09 per usable email, 11 minutes (stacked Apollo, Hunter, Dropcontact, Datagma sequentially).
The EU vs US data quality difference is very real - 70% of my misses were European leads, and Apollo skews heavily US. someone asked about industry: Apollo is solid for tech/SaaS but shaky in manufacturing and some B2B verticals. Hunter was more consistent across the board, though the volume caps are annoying at scale.
Takeaways:
- Starting from zero? Go Lemlist's waterfall for coverage and single-vendor billing.
- Already on Apollo and US-heavy? stick with it.
- Running EU outbound? Apollo alone leaves 15-20% of your list unworkable - either use Lemlist's waterfall or stack Hunter and Dropcontact manually.
Happy to share the raw spreadsheet if anyone wants to verify the numbers per persona