← HEALTHEQUITY, INC. HQY
Market Price
$104.78
Market Cap
$8.84B
P/E Ratio
42.59
Revenue (FY 2026)
↑9.5% YoY
$1.31B
3-Yr CAGR: 15.1%
Net Income
↑122.5% YoY
$215.20M
Net Margin: 16.4%
Free Cash Flow
↑34.7% YoY
$455.12M
FCF Yield: 5.15%
EPS (Diluted)
↑125.7% YoY
$2.46
Basic: $2.50
Return on Equity
Efficiency
10.2%
ROA: 308.9%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (HQY)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2017 | $178.4M | — | $106.4M | $26.4M | — | $0.44 | — | $45.6M | $41.9M | — |
| FY 2018 | $229.5M | +28.7% | $134.9M | $47.4M | +79.6% | $0.77 | +75.0% | $81.7M | $76.2M | +81.8% |
| FY 2019 | $287.2M | +25.1% | $181.2M | $73.9M | +56.0% | $1.17 | +51.9% | $113.4M | $109.6M | +43.7% |
| FY 2020 | $532.0M | +85.2% | $325.9M | $39.7M | -46.3% | $0.58 | -50.4% | $105.0M | $97.7M | -10.8% |
| FY 2021 | $733.6M | +37.9% | $415.3M | $8.8M | -77.7% | $0.12 | -79.3% | $181.6M | $168.5M | +72.5% |
| FY 2022 | $756.6M | +3.1% | $423.7M | $-44.3M | -601.3% | $-0.53 | -541.7% | $141.0M | $132.1M | -21.6% |
| FY 2023 | $861.7M | +13.9% | $490.1M | $-26.1M | +41.0% | $-0.31 | +41.5% | $150.7M | $147.3M | +11.5% |
| FY 2024 | $999.6M | +16.0% | $622.6M | $55.7M | +313.1% | $0.64 | +306.5% | $242.8M | $241.1M | +63.7% |
| FY 2025 | $1,199.8M | +20.0% | $777.3M | $96.7M | +73.6% | $1.09 | +70.3% | $339.9M | $337.8M | +40.1% |
| FY 2026 | $1,313.4M | +9.5% | $913.1M | $215.2M | +122.5% | $2.46 | +125.7% | $457.1M | $455.1M | +34.7% |
Valuation
Market Price
$104.78
Market Cap
$8.84B
Enterprise Value
$9.48B
P/E Ratio
42.59
P/B Ratio
4.16
FCF Yield
5.15%
Dividend Yield
N/A
Shares Outstanding
Profitability & Margins
Gross Margin
69.52%
Operating Margin
24.55%
Net Margin
16.38%
Return on Equity (ROE)
10.21%
Return on Assets (ROA)
308.94%
Asset Turnover
18.86x
Revenue 3-Yr CAGR
15.08%
Financial Health & Liquidity
Current Ratio
0.94
Cash Ratio
4.29
Debt / Equity
0.454
Debt / Assets
13.744
Cash & Equivalents
$318.93M
Total Debt
$957.38M
Book Value / Share
$25.21
Cash Flow Efficiency
Operating Cash Flow
$457.09M
Capital Expenditures (CapEx)
$1.97M
Free Cash Flow
$455.12M
OCF / Revenue
34.80%
FCF / Revenue
34.65%
FCF 3-Yr CAGR
45.66%
Per Share Metrics
EPS (Diluted)
$2.46
EPS (Basic)
$2.50
Dividends / Share
N/A
Book Value / Share
$25.21
EPS YoY Growth
125.69%
Balance Sheet (FY 2026)
Total Assets
$69.66M
Total Liabilities
$74.39M
Stockholders' Equity
$2.11B
Current Assets
$69.66M
Current Liabilities
$74.39M