What is HealthEquity's EV / EBITDA?

HealthEquity (HQY) reported EV / EBITDA of 15.4× in Q1 2026.

How has HealthEquity's EV / EBITDA changed year-over-year?

HealthEquity's EV / EBITDA decreased by 31.6% year-over-year, from 22.5× to 15.4×.

What is the long-term trend for HealthEquity's EV / EBITDA?

Over 5 years (2021 to 2026), HealthEquity's EV / EBITDA has grown at a -20.0% compound annual growth rate (CAGR), from 51× to 16.8×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

HealthEquity HQY EV / EBITDA

EV / EBITDA at other companies

UnitedHealth GroupUNH

12.8×-1.3×

Webster Financial CorporationWBS

7.4×+1.3×

Willis Towers WatsonWTW

12.1×-19.1×

CVS HealthCVS

9.2×+2.7×

CenteneCNC

9.4×+1.3×

MetLifeMET

8.5×+0.1×

Other financials

Income statement

See full

Revenue$354.6M+7.2%

Gross profit$256.3M+14.3%

Operating income$103.0M+23.9%

Net income$69.4M+28.8%

EPS (diluted)$0.82+34.4%

Balance sheet

See full

Cash & equivalents$265.4M-7.8%

Total debt$984.7M-11.0%

Total equity$2.0B-3.6%

Total assets$3.3B-3.2%

Cash flow

See full

Operating cash flow$97.5M+50.6%

CapEx$362.0K+321%

Free cash flow$97.2M+50.3%

Valuation

See full

Market cap$7.12B-6.7%

Enterprise value$7.84B-7.2%

P/E30.9×-31.8×

P/S5.3×-0.8×

Profitability

See full

Gross margin70.7%+5.2pp

Operating margin25.6%+9.2pp

Net margin17.3%+7.5pp

FCF margin36.5%+9.3pp

Returns & leverage

See full

Return on equity11.1%+5.3pp

Debt / equity0.5×0.0×

Current ratio3.4×-0.6×

Where this comes from

Calculated from HealthEquity’s reported figures.

enterprise value/ebitda=15.4×

Based on the most recent quarter.

The official record: HealthEquity’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

Ask your AI about HealthEquity's ev / ebitda.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is HealthEquity's EV / EBITDA?: HealthEquity (HQY) reported EV / EBITDA of 15.4× in Q1 2026.
How has HealthEquity's EV / EBITDA changed year-over-year?: HealthEquity's EV / EBITDA decreased by 31.6% year-over-year, from 22.5× to 15.4×.
What is the long-term trend for HealthEquity's EV / EBITDA?: Over 5 years (2021 to 2026), HealthEquity's EV / EBITDA has grown at a -20.0% compound annual growth rate (CAGR), from 51× to 16.8×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.