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HealthEquity HQY Return on invested capital

Return on invested capital at other companies

UnitedHealth Group logo
UnitedHealth GroupUNH
12.3%-6.5pp
Webster Financial Corporation logo
Webster Financial CorporationWBS
13%+1.0pp
Willis Towers Watson logo
Willis Towers WatsonWTW
14.2%+10.7pp
WEX logo
WEXWEX
10.5%-0.4pp
CVS Health logo
CVS HealthCVS
7.3%+2.0pp
Evolent Health, Inc. logo
Evolent Health, Inc.EVH
-30.1%-32.9pp

Other financials

Income statement

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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

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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

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Operating cash flow$97.5M+50.6%
CapEx$362.0K+321%
Free cash flow$97.2M+50.3%

Valuation

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Market cap$8.65B+10.0%
Enterprise value$9.37B+8.7%
P/E37.5×-16.4×
P/S6.5×+0.3×

Profitability

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Gross margin70.7%+5.2pp
Operating margin25.6%+9.2pp
Net margin17.3%+7.5pp
FCF margin36.5%+9.3pp

Returns & leverage

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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.

Based on trailing twelve months.

The source filing: HealthEquity’s 10-Q, filed May 28, 2026. Open the filing →

Filed
May 28, 2026, 4:04 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001428336-26-000028

FAQ

What is HealthEquity's return on invested capital?
HealthEquity (HQY) reported return on invested capital of 9.3% in Q1 2026.
How has HealthEquity's return on invested capital changed year-over-year?
HealthEquity's return on invested capital increased by 65.5% year-over-year, from 5.6% to 9.3%.
What is the long-term trend for HealthEquity's return on invested capital?
Over 5 years (2021 to 2026), HealthEquity's return on invested capital has grown at a 39.3% compound annual growth rate (CAGR), from 1.7% to 8.7%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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