NASDAQ · Medical - Healthcare Information Services

HealthEquity, Inc. (HQY) Stock

$103.97 +2.97% NASDAQ: HQY Healthcare

Valuation

MetricValue
Price$103.97
Market Cap$8.60B
P/E Ratio31.59
P/B Ratio3.71
P/S Ratio5.43
EPS (TTM)$2.46
52-Week High$107.62
52-Week Low$72.76
Dividend Yield0.00%

Financials & Margins

MetricValue
ROE11.43%
ROA7.23%
ROCE11.19%
Gross Margin69.52%
Operating Margin21.64%
Net Margin17.36%
Debt/Equity0.49
Current Ratio3.27

Annual Financials (USD)

Metric20222023202420252026
Revenue$757.0M$862.0M$1.0B$1.2B$1.3B
Operating Profit$41.0M$38.0M$128.0M$230.0M$322.0M
Net Profit$-44.0M$-26.0M$56.0M$97.0M$215.0M
EPS$-0.53$-0.31$0.64$1.09$2.46
Op Margin5.4%4.4%12.8%19.2%24.6%

Balance Sheet (USD)

Metric20222023202420252026
Total Assets$3.1B$3.1B$3.2B$3.4B$3.4B
Total Liabilities$1.3B$1.2B$1.1B$1.3B$1.3B
Cash$225.0M$254.0M$404.0M$296.0M$319.0M
Borrowings$1.0B$994.0M$933.0M$1.1B$1.0B

Latest News

HQY: Lowering target price to $104.00 Argus Research · Jul 15, 2026 GDRX or HQY: Which Is the Better Value Stock Right Now? Zacks · Jul 8, 2026 Reasons to Hold HealthEquity Stock in Your Portfolio for Now Zacks · Jun 12, 2026 Is HealthEquity's Improving Profitability Enough to Offset Key Risks? Zacks · Jun 11, 2026 The Bull Case For HealthEquity (HQY) Could Change Following Raised Earnings Outlook And Completed Buyback Program Simply Wall St. · Jun 10, 2026

Cash Flow (USD)

Metric20222023202420252026
Operating Cash Flow$141.0M$151.0M$243.0M$340.0M$457.0M
Investing Cash Flow$-776.0M$-238.0M$-92.0M$-508.0M$-49.0M
Financing Cash Flow$-6.0M$-1.0M$1.0M$-123.0M$-298.0M
Net Cash Flow$-103.0M$29.0M$150.0M$-108.0M$23.0M
Free Cash Flow$4.0M$32.0M$197.0M$338.0M$455.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.47
EV / EBITDA17.28
FCF Yield6.38%
Quick Ratio2.99
Interest Coverage6.64
Return 1Y3.73%
Return 3Y22.02%
Return 5Y40.47%

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
AMWLAmerican Well Corporation $13.57 -4.37% -2.60 $230.81M 0.00%
CCLDCareCloud, Inc. $1.77 +0.00% 28.94 $75.21M 0.00%
CTEVClaritev Corporation $23.50 +0.00% -1.41 $398.27M 0.00%
OMCLOmnicell, Inc. $37.75 +1.75% 39.83 $1.72B 0.00%
OMDAOmada Health, Inc. $18.95 -0.16% 300.00 $1.16B 0.00%

About HealthEquity, Inc.

HealthEquity, Inc. is led by CEO Scott R. Cutler, employs 2,814 people, headquartered in Draper, US, publicly traded since 2014.

HealthEquity, Inc. (HQY) stock trades at $103.97 with a market capitalization of $8.60B. The stock is valued at a price-to-earnings (P/E) ratio of 31.59, price-to-book of 3.71, price-to-sales of 5.43. Over the past 52 weeks the stock has ranged between $72.76 and $107.62, and currently trades 3.4% below its 52-week high.

On profitability, HealthEquity, Inc. generates a return on equity (ROE) of 11.43%, return on capital employed of 11.19%, an operating margin of 21.64%, a net profit margin of 17.36%.

HealthEquity, Inc. by the numbers, 2017–2026

Between 2017 and 2026 HealthEquity, Inc. reported revenue of $178.0M rising to $1.3B, a change of +637.6% across 10 years. Compounded, revenue has grown 12.3% a year over five years, 15.1% over three, 9.4% over the last twelve months. Net profit rose to $215.0M.

Operating margin went from 23.1% in 2017 to 24.6% in 2026, a gain of 1.4 percentage points. The most recent net margin is 17.36%. On a trailing twelve-month basis to Jun '26, revenue is $1.4B and net profit $237.0M.

Borrowings stand at $1.0B, cash from operations was $457.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged 2.8% over five years, and was 10.2% in the most recent year.

The share price itself has compounded at 1.6% a year over five years, 13.3% over three, -16.8% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

HealthEquity, Inc. (HQY) — frequently asked questions

What is HealthEquity, Inc. (HQY) stock price today?

HealthEquity, Inc. (HQY) is currently trading at $103.97, up 2.97% today.

What is HQY P/E ratio?

HealthEquity, Inc.'s P/E ratio is 31.59. This is above the typical market average of roughly 18-22x. A high P/E often reflects higher expected earnings growth, a temporary dip in earnings, or both.

What is HQY return on equity (ROE)?

HealthEquity, Inc.'s return on equity (ROE) is 11.43%. ROE measures net income relative to shareholders' equity. This is below the typical market range of roughly 12-15%.

What is HealthEquity, Inc.'s market cap?

HealthEquity, Inc. has a market capitalization of $8.60B.

Does HQY pay a dividend?

HealthEquity, Inc. is not currently showing a dividend yield in our data, which means no recent cash dividend was recorded for it.

How much debt does HQY carry?

HealthEquity, Inc. has a debt-to-equity ratio of 0.49. That compares total borrowings with shareholders' equity: a figure under 1 means equity exceeds debt.

What is HQY's profit margin?

HealthEquity, Inc. reports a net profit margin of 17.36% — the share of revenue left after every cost, including tax and interest.

What sector is HQY in?

HealthEquity, Inc. is classified under Healthcare, in the Medical - Healthcare Information Services industry. Ratios are most informative compared with other companies in the same industry rather than across the whole market.

Which exchange is HQY listed on?

HealthEquity, Inc. trades on NASDAQ under the ticker HQY.

What is HQY's 52-week range?

Over the last year HealthEquity, Inc. has traded between $72.76 and $107.62.

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Screens HQY currently matches

On the figures above, HealthEquity, Inc. passes the filters for 4 of our ready-made screens, among them High Gross Margin Stocks, Mid Cap Stocks, Debt to Equity Below 1 Stocks. Appearing on a screen means the numbers meet its filters today and nothing more; the list is rebuilt whenever the data changes.

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