What are HealthEquity's profit margins?

HealthEquity (HQY) runs a 70.7% gross margin and a 25.6% operating margin, with a 17.3% net margin.

Where do HealthEquity's ratios come from?

Every ratio is computed from HealthEquity'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.

HealthEquity HQY Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'26	FY'25	FY'24	FY'23
Profitability
Gross margin	69.5%+4.7pp	64.8%+2.5pp	62.3%+5.2pp	57.1%+0.9pp
Operating margin	24.6%+11.0pp	13.5%+1.8pp	11.8%+10.7pp	1.1%+4.3pp
Net margin	16.4%+8.3pp	8.1%+2.5pp	5.6%+8.6pp	-3%+2.8pp
Returns
Return on equity	10.2%+5.5pp	4.7%+1.8pp	2.8%+4.2pp	-1.4%+1.3pp
Return on invested capital	8.7%+3.8pp	4.9%+1.6pp	3.4%+3.0pp	0.3%+1.4pp
Efficiency
Asset turnover	0.4×0.0×	0.4×0.0×	0.3×0.0×	0.3×0.0×
Liquidity
Current ratio	3.3×+0.2×	3.1×-1.7×	4.8×+1.8×	2.9×+0.6×
Leverage
Debt-to-equity	0.5×0.0×	0.5×+0.1×	0.5×-0.1×	0.5×0.0×
Net debt / EBITDA	1.4×-1.1×	2.5×+0.5×	2×-2.4×	4.3×-2.6×
Per Share
Book value per share	$24.09+1.2%	$23.81+1.7%	$23.40+4.2%	$22.45+0.7%
Valuation
Market capitalization	$7.32B-23.5%	$9.57B+47.3%	$6.5B+26.2%	$5.15B+15.3%
Price / earnings	34×-64.9×	99×-17.7×	116.6×—	——
Price / sales	5.6×-2.4×	8×+1.5×	6.5×+0.5×	6×+0.1×
Price / book	3.5×-1.1×	4.5×+1.3×	3.2×+0.5×	2.7×+0.3×
EV / EBITDA	16.8×-15.2×	32×+6.0×	26×-8.6×	34.6×-11.9×

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Questions, answered.

What are HealthEquity's profit margins?: HealthEquity (HQY) runs a 70.7% gross margin and a 25.6% operating margin, with a 17.3% net margin.
Where do HealthEquity's ratios come from?: Every ratio is computed from HealthEquity'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.