What are Health Catalyst's profit margins?

Health Catalyst (HCAT) runs a 49.9% gross margin and a -81.7% operating margin, with a -87.7% 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.

Health Catalyst HCAT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	49.9%+1.1pp	48.7%+2.2pp	46.5%+1.2pp	45.3%+0.1pp	45.2%-0.7pp
Operating margin	-81.7%-30.0pp	-51.7%-22.5pp	-29.2%-1.2pp	-28%-6.4pp	-21.6%+1.2pp
Net margin	-87.7%-30.5pp	-57.2%-23.2pp	-34.1%-2.4pp	-31.7%-8.3pp	-23.3%-0.7pp
EBITDA margin	-65.1%-29.6pp	-35.5%-21.4pp	-14%-0.4pp	-13.7%-6.0pp	-7.7%+1.6pp
Returns
Return on equity	-103%-44.8pp	-58.3%-26.9pp	-31.3%-2.9pp	-28.4%-8.6pp	-19.8%-0.8pp
Return on assets	-40.7%-14.5pp	-26.1%-10.8pp	-15.4%-0.1pp	-15.3%-6.2pp	-9.2%-0.3pp
Return on invested capital	-72.1%-35.7pp	-36.4%-14.8pp	-21.6%+5.9pp	-27.4%-11.5pp	-16%-2.4pp
Efficiency
Asset turnover	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×+0.1×	0.4×0.0×
Liquidity
Current ratio	1.7×-0.2×	1.9×0.0×	1.9×+0.1×	1.8×+0.6×	1.2×-0.2×
Quick ratio	1.7×-0.2×	1.9×0.0×	1.9×+0.1×	1.8×+0.6×	1.2×-0.2×
Cash ratio	0.6×0.0×	0.6×+0.1×	0.5×-0.1×	0.5×-0.5×	1×+0.2×
Leverage
Debt-to-equity	1.2×+0.5×	0.7×+0.2×	0.5×0.0×	0.5×-0.6×	1.1×0.0×
Debt-to-assets	0.4×+0.1×	0.3×0.0×	0.3×0.0×	0.3×-0.2×	0.5×0.0×
Per Share
Book value per share	$1.90-45.9%	$3.52-25.4%	$4.72-5.5%	$4.99-9.2%	$5.50-9.4%
Valuation
Market capitalization	$147.05M-41.0%	$169.05M-15.7%	$200.56M-23.1%	$260.66M-18.0%	$318.05M-26.1%
Enterprise value	$257.76M-30.9%	$289.47M-12.9%	$332.38M-13.2%	$382.73M+1.1%	$378.45M-35.1%
Price / sales	0.5×-0.3×	0.5×-0.1×	0.6×-0.2×	0.8×-0.2×	1×-0.4×
Price / book	1.1×+0.4×	0.7×+0.1×	0.6×-0.1×	0.8×-0.1×	0.8×-0.3×
EV / sales	0.9×-0.3×	0.9×-0.1×	1.1×-0.2×	1.2×0.0×	1.2×-0.7×
Earnings yield	-172.6%-134pp	-105.3%-51.6pp	-53.7%-15.2pp	-38.4%-15.6pp	-22.8%-6.7pp

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Questions, answered.

What are Health Catalyst's profit margins?: Health Catalyst (HCAT) runs a 49.9% gross margin and a -81.7% operating margin, with a -87.7% 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.