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%+4.7pp	48.7%+2.8pp	46.5%+1.3pp	45.3%+0.4pp	45.2%+0.6pp
Operating margin	-81.7%-60.1pp	-51.7%-28.9pp	-29.2%-1.0pp	-28%+4.1pp	-21.6%+17.1pp
Net margin	-87.7%-64.4pp	-57.2%-34.5pp	-34.1%-7.9pp	-31.7%-2.8pp	-23.3%+12.2pp
EBITDA margin	-65.1%-57.4pp	-35.5%-26.2pp	-14%+0.4pp	-13.7%+4.5pp	-7.7%+16.9pp
Returns
Return on equity	-103%-83.2pp	-58.3%-39.3pp	-31.3%-9.9pp	-28.4%-5.3pp	-19.8%+7.9pp
Return on assets	-40.7%-31.5pp	-26.1%-17.2pp	-15.4%-5.0pp	-15.3%-3.1pp	-9.2%+5.4pp
Return on invested capital	-72.1%-56.1pp	-36.4%-22.8pp	-21.6%-3.2pp	-27.4%0.0pp	-16%+8.9pp
Efficiency
Asset turnover	0.5×+0.1×	0.5×+0.1×	0.5×+0.1×	0.5×+0.1×	0.4×0.0×
Liquidity
Current ratio	1.7×+0.4×	1.9×+0.5×	1.9×+0.5×	1.8×+0.6×	1.2×-3.1×
Quick ratio	1.7×+0.4×	1.9×+0.5×	1.9×+0.5×	1.8×+0.6×	1.2×-3.1×
Cash ratio	0.6×-0.5×	0.6×-0.2×	0.5×-0.6×	0.5×-0.1×	1×-1.2×
Leverage
Debt-to-equity	1.2×+0.2×	0.7×-0.4×	0.5×-0.5×	0.5×+0.4×	1.1×+0.4×
Debt-to-assets	0.4×0.0×	0.3×-0.1×	0.3×-0.2×	0.3×+0.3×	0.5×+0.1×
Per Share
Book value per share	$1.90-65.4%	$3.52-42.1%	$4.72-19.7%	$4.99-17.1%	$5.50-9.8%
Valuation
Market capitalization	$147.05M-43.6%	$169.05M-60.7%	$200.56M-59.3%	$260.66M-30.9%	$318.05M-27.9%
Enterprise value	$257.76M-32.7%	$289.47M-50.3%	$332.38M-37.1%	$382.73M+96.1%	$378.45M-22.5%
Price / sales	0.5×-0.3×	0.5×-0.9×	0.6×-1.0×	0.8×-0.4×	1×-0.5×
Price / book	1.1×+0.3×	0.7×-0.5×	0.6×-0.8×	0.8×-0.3×	0.8×-0.4×
EV / sales	0.9×-0.4×	0.9×-1.0×	1.1×-0.7×	1.2×+0.6×	1.2×-0.4×
Earnings yield	-180.4%-142pp	-105.3%-89.1pp	-53.7%-37.6pp	-38.4%-15.5pp	-22.8%+1.1pp

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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.