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Health Catalyst HCAT Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin50.5%+5.2pp49.9%+4.7pp48.7%+2.8pp46.5%+1.3pp45.3%+0.4pp
Operating margin-84.4%-56.4pp-81.7%-60.1pp-51.7%-28.9pp-29.2%-1.0pp-28%+4.1pp
Net margin-90.6%-58.9pp-87.7%-64.4pp-57.2%-34.5pp-34.1%-7.9pp-31.7%-2.8pp
Returns
Return on equity-118.1%-89.7pp-103%-83.2pp-58.3%-39.3pp-31.3%-9.9pp-28.4%-5.3pp
Return on invested capital-72.5%-45.1pp-72.1%-56.1pp-36.4%-22.8pp-21.6%-3.2pp-27.4%0.0pp
Efficiency
Asset turnover0.6×+0.1×0.5×+0.1×0.5×+0.1×0.5×+0.1×0.5×+0.1×
Liquidity
Current ratio2.7×+0.9×1.7×+0.4×1.9×+0.5×1.9×+0.5×1.8×+0.6×
Leverage
Debt-to-equity1.7×+1.2×1.2×+0.2×0.7×-0.4×0.5×-0.5×0.5×+0.4×
Per Share
Book value per share$1.36-72.7%$1.90-65.4%$3.52-42.1%$4.72-19.7%$4.99-17.1%
Valuation
Market capitalization$119.66M-53.9%$93.45M-70.6%$169.05M-60.7%$200.56M-59.3%$260.66M-30.9%
Price / sales0.4×-0.4×0.3×-0.7×0.5×-0.9×0.6×-1.0×0.8×-0.4×
Price / book1.2×+0.4×0.7×-0.2×0.7×-0.5×0.6×-0.8×0.8×-0.3×

FAQ

What are Health Catalyst's profit margins?
Health Catalyst (HCAT) runs a 50.5% gross margin and a -84.4% operating margin, with a -90.6% net margin.
Where do Health Catalyst's ratios come from?
Every ratio is computed from Health Catalyst's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.