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HEALTHEQUITY, INC.

HQY

$103.40 ▼ -0.98 (-0.94%) at close

15 Visible periods

32 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

HEALTHEQUITY, INC. shows strong fundamentals with top-quartile Profit Margin (%) and Operating Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $8.9B

Dividend Yield —

Revenue Growth 9.5% ↘

Op. Margin 24.6% ↗

ROIC 8.2% ↗

FCF / Share $5.28 ↗

Trailing P/E 41.4x

Price / Book 4.2x

FCF Yield 5.1%

Debt / Equity 0.45

info Valuation on last close. End-of-day price, Aug 6, 2026.

15-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.31B

↑ +9.5% —

Net Income Profit after all expenses

$215.20M

↑ +122.5% —

Operating Margin Operating profit as % of sales

24.6%

↑ +81.4% 92th

FCF / Share Free cash flow per share

$5.28

↑ +35.9% —

Long-Term Debt Long-term obligations

$957.38M

↓ -9.4% —

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Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns

Financial Health ↓

Cash Quality

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2026 Jan 31, 2026 10-K ↗	FY 2025 Jan 31, 2025 10-K ↗	FY 2024 Jan 31, 2024 10-K ↗	FY 2023 Jan 31, 2023 10-K ↗	FY 2022 Jan 31, 2022 10-K ↗	FY 2021 Jan 31, 2021 10-K ↗	FY 2020 Jan 31, 2020 10-K ↗	FY 2019 Jan 31, 2019 10-K ↗	FY 2018 Jan 31, 2018 10-K ↗	FY 2017 Jan 31, 2017 10-K ↗	FY 2016 Jan 31, 2016 10-K ↗	FY 2015 Jan 31, 2015 10-K ↗	FY 2014 Jan 31, 2014 10-K ↗	FY 2013 Jan 31, 2013 10-K ↗	FY 2012 Jan 31, 2012 10-K ↗
Revenue Growth YoY (%)	9.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+89%)	20.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+301%)	16.0% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+220%)	13.9% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+178%)	3.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-37%)	37.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+658%)	85.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1604%)	25.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+403%)	28.7% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+474%)	40.7% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+714%)	44.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+786%)	41.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+733%)	34.6% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+591%)	—	—
EPS Growth YoY (%)	125.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	70.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	41.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	-79.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-50.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	51.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	75.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	55.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-25.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	—	—
Net Income Growth YoY (%)	122.5% Excellent ↑ Excellent Improving Year-over-year change in net income	73.6% Excellent Excellent Year-over-year change in net income	N/M	41.0% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	-77.7% Weak ↓ Weak Declining Year-over-year change in net income	-46.3% Weak ↓ Weak Declining Year-over-year change in net income	56.0% Excellent ↓ Excellent Declining Year-over-year change in net income	79.6% Excellent ↓ Excellent Declining Year-over-year change in net income	58.8% Excellent ↓ Excellent Declining Year-over-year change in net income	63.4% Excellent ↓ Excellent Declining Year-over-year change in net income	724.5% Excellent Excellent Year-over-year change in net income	-89.0% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	35.9% Excellent → Excellent Stable Year-over-year change in free cash flow	38.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	61.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	9.8% Fair ↑ Fair Improving Year-over-year change in free cash flow	-30.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	55.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-17.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	40.1% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	76.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	68.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-0.4% Weak ↑ Weak Improving Year-over-year change in free cash flow	-85.3% Weak Weak Year-over-year change in free cash flow	30.8% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	15.1% Excellent → Excellent Stable Compound annual revenue growth over 3 years	16.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	10.9% Good ↓ Good Declining Compound annual revenue growth over 3 years	17.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	38.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	47.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	43.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	31.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	37.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	42.2% Excellent Excellent Compound annual revenue growth over 3 years	40.1% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	12.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	17.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	28.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	30.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	33.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	42.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	43.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	35.9% Excellent Excellent Compound annual revenue growth over 5 years	37.9% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	75.6% Excellent Excellent Compound annual EPS growth over 3 years	—	—	-46.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	9.4% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	60.5% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	26.5% Excellent Excellent Compound annual EPS growth over 3 years	—	-29.0% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2026 Jan 31, 2026 10-K ↗	FY 2025 Jan 31, 2025 10-K ↗	FY 2024 Jan 31, 2024 10-K ↗	FY 2023 Jan 31, 2023 10-K ↗	FY 2022 Jan 31, 2022 10-K ↗	FY 2021 Jan 31, 2021 10-K ↗	FY 2020 Jan 31, 2020 10-K ↗	FY 2019 Jan 31, 2019 10-K ↗	FY 2018 Jan 31, 2018 10-K ↗	FY 2017 Jan 31, 2017 10-K ↗	FY 2016 Jan 31, 2016 10-K ↗	FY 2015 Jan 31, 2015 10-K ↗	FY 2014 Jan 31, 2014 10-K ↗	FY 2013 Jan 31, 2013 10-K ↗	FY 2012 Jan 31, 2012 10-K ↗
Operating Margin (%) (%)	24.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+105%)	13.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+13%)	11.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	1.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-91%)	-3.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-127%)	4.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	14.5% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	27.0% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+125%)	23.7% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+98%)	23.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+93%)	20.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+72%)	19.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+60%)	18.6% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+55%)	15.4% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	—
Effective Tax Rate (%) (%)	22.4% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.7% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.8% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	31.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	33.6% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-113.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	8.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	9.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.3% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	77.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	-71.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	16.4% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+105%)	8.1% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	5.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-30%)	-3.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-138%)	-5.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-173%)	1.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	7.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-7%)	25.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+222%)	20.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+158%)	14.8% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+85%)	13.1% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+64%)	11.6% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+45%)	2.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-75%)	24.2% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+203%)	—
FCF Margin (%) (%)	34.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	28.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	24.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.1% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	17.5% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	23.0% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	18.4% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	38.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	33.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	23.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	19.1% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	15.2% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	26.5% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	23.7% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	2.11x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.49x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	4.33x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-5.63x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.98x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	19.08x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.46x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.48x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	1.61x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.59x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.45x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.31x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	13.32x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.98x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2026 Jan 31, 2026 10-K ↗	FY 2025 Jan 31, 2025 10-K ↗	FY 2024 Jan 31, 2024 10-K ↗	FY 2023 Jan 31, 2023 10-K ↗	FY 2022 Jan 31, 2022 10-K ↗	FY 2021 Jan 31, 2021 10-K ↗	FY 2020 Jan 31, 2020 10-K ↗	FY 2019 Jan 31, 2019 10-K ↗	FY 2018 Jan 31, 2018 10-K ↗	FY 2017 Jan 31, 2017 10-K ↗	FY 2016 Jan 31, 2016 10-K ↗	FY 2015 Jan 31, 2015 10-K ↗	FY 2014 Jan 31, 2014 10-K ↗	FY 2013 Jan 31, 2013 10-K ↗	FY 2012 Jan 31, 2012 10-K ↗
Return on Invested Capital (%)	8.2% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	4.3% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	3.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-0.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	15.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	14.3% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	10.3% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	8.4% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.6% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	-20.8% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-190.4% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	9.5% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	4.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	15.2% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.7% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	14.8% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	11.9% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	10.6% Good Good Operating profit relative to total assets Optimal: > 10%	20.9% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	10.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	4.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-70%)	2.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-82%)	-1.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-109%)	-2.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-116%)	0.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-96%)	3.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-74%)	15.5% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	13.7% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-9%)	10.1% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-33%)	8.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-46%)	7.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-53%)	-9.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-165%)	-174.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1264%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2026 Jan 31, 2026 10-K ↗	FY 2025 Jan 31, 2025 10-K ↗	FY 2024 Jan 31, 2024 10-K ↗	FY 2023 Jan 31, 2023 10-K ↗	FY 2022 Jan 31, 2022 10-K ↗	FY 2021 Jan 31, 2021 10-K ↗	FY 2020 Jan 31, 2020 10-K ↗	FY 2019 Jan 31, 2019 10-K ↗	FY 2018 Jan 31, 2018 10-K ↗	FY 2017 Jan 31, 2017 10-K ↗	FY 2016 Jan 31, 2016 10-K ↗	FY 2015 Jan 31, 2015 10-K ↗	FY 2014 Jan 31, 2014 10-K ↗	FY 2013 Jan 31, 2013 10-K ↗	FY 2012 Jan 31, 2012 10-K ↗
Debt to Equity (x)	0.45x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-35%)	0.50x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-29%)	0.43x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-39%)	0.49x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-30%)	0.50x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-28%)	0.72x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.18x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+69%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—	—	—	—	—
Interest Coverage (x)	6.17x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	2.77x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.12x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	0.19x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.66x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.98x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.11x Fair Fair Operating income divided by interest expense Optimal: > 5x	287.67x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—	—	—	261.91x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	21.75x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$638.45M	$760.35M	$470.99M	$671.07M	$705.41M	$657.91M	$1.03B	$-361.48M	$-199.47M	$-139.95M	$-83.64M	$-111.00M	$-13.92M	$-5.91M	$-5.13M
Debt / EBITDA (x)	2.01x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.25x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.23x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.43x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.24x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.58x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.22x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2026 Jan 31, 2026 10-K ↗	FY 2025 Jan 31, 2025 10-K ↗	FY 2024 Jan 31, 2024 10-K ↗	FY 2023 Jan 31, 2023 10-K ↗	FY 2022 Jan 31, 2022 10-K ↗	FY 2021 Jan 31, 2021 10-K ↗	FY 2020 Jan 31, 2020 10-K ↗	FY 2019 Jan 31, 2019 10-K ↗	FY 2018 Jan 31, 2018 10-K ↗	FY 2017 Jan 31, 2017 10-K ↗	FY 2016 Jan 31, 2016 10-K ↗	FY 2015 Jan 31, 2015 10-K ↗	FY 2014 Jan 31, 2014 10-K ↗	FY 2013 Jan 31, 2013 10-K ↗	FY 2012 Jan 31, 2012 10-K ↗
Revenue per Share (USD)	$15.25	$13.81	$11.68	$10.21	$9.10	$9.88	$7.94	$4.65	$3.81	$3.04	$2.24	$2.82	$10.97	$9.36	—
Basic EPS, GAAP (USD)	$2.50	$1.11	$0.65	$-0.31	$-0.53	$0.12	$0.59	$1.20	$0.79	$0.45	$0.29	$0.39	$-1.26	$0.81	—
Free Cash Flow per Share (USD)	$5.28	$3.89	$2.82	$1.74	$1.59	$2.27	$1.46	$1.77	$1.26	$0.72	$0.43	$0.43	$2.91	$2.22	—
Book Value per Share (USD)	$24.79	$24.44	$23.63	$22.37	$22.11	$17.87	$14.50	$7.64	$5.69	$4.40	$3.52	$2.63	$-1.81	$-1.30	—
Tangible Book Value per Share (USD)	$-7.51	$-8.53	$-5.21	$-8.13	$-9.15	$-9.27	$-15.28	$6.29	$4.24	$3.23	$2.29	$2.06	$-5.97	$-1.30	—
Basic Weighted Avg Shares (shares)	86.13M	86.87M	85.56M	84.44M	83.13M	74.23M	67.03M	61.84M	60.30M	58.62M	56.72M	31.18M	5.65M	4.92M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2026 Jan 31, 2026 10-K ↗	FY 2025 Jan 31, 2025 10-K ↗	FY 2024 Jan 31, 2024 10-K ↗	FY 2023 Jan 31, 2023 10-K ↗	FY 2022 Jan 31, 2022 10-K ↗	FY 2021 Jan 31, 2021 10-K ↗	FY 2020 Jan 31, 2020 10-K ↗	FY 2019 Jan 31, 2019 10-K ↗	FY 2018 Jan 31, 2018 10-K ↗	FY 2017 Jan 31, 2017 10-K ↗	FY 2016 Jan 31, 2016 10-K ↗	FY 2015 Jan 31, 2015 10-K ↗	FY 2014 Jan 31, 2014 10-K ↗	FY 2013 Jan 31, 2013 10-K ↗	FY 2012 Jan 31, 2012 10-K ↗
Working Capital (USD)	$355.43M	$321.43M	$440.35M	$251.83M	$198.15M	$255.48M	$145.36M	$365.62M	$244.91M	$185.12M	$130.94M	$115.89M	$14.33M	—	—
LT Debt (USD)	$957.38M	$1.06B	$874.97M	$925.34M	$930.83M	$986.72M	$1.22B	$0.00	—	—	—	—	—	—	—
Total Equity (USD)	$2.11B	$2.11B	$2.04B	$1.90B	$1.85B	$1.38B	$1.03B	$477.08M	$346.27M	$261.94M	$203.46M	$144.09M	$-12.71M	$-6.40M	$-16.58M

📋 What is driving earnings? 4 metrics

Metric	FY 2026 Jan 31, 2026 10-K ↗	FY 2025 Jan 31, 2025 10-K ↗	FY 2024 Jan 31, 2024 10-K ↗	FY 2023 Jan 31, 2023 10-K ↗	FY 2022 Jan 31, 2022 10-K ↗	FY 2021 Jan 31, 2021 10-K ↗	FY 2020 Jan 31, 2020 10-K ↗	FY 2019 Jan 31, 2019 10-K ↗	FY 2018 Jan 31, 2018 10-K ↗	FY 2017 Jan 31, 2017 10-K ↗	FY 2016 Jan 31, 2016 10-K ↗	FY 2015 Jan 31, 2015 10-K ↗	FY 2014 Jan 31, 2014 10-K ↗	FY 2013 Jan 31, 2013 10-K ↗	FY 2012 Jan 31, 2012 10-K ↗
Sales/Revenue/Turnover (USD)	$1.31B	$1.20B	$999.59M	$861.75M	$756.56M	$733.57M	$531.99M	$287.24M	$229.53M	$178.37M	$126.79M	$87.86M	$62.02M	$46.09M	—
Depreciation Expense (USD)	$154.66M	$162.45M	$153.08M	$161.20M	$137.19M	$115.90M	$55.35M	$18.18M	$15.95M	$13.19M	$8.60M	$5.89M	$4.27M	$3.37M	—
Net Income, GAAP (USD)	$215.20M	$96.70M	$55.71M	$-26.14M	$-44.29M	$8.83M	$39.66M	$73.90M	$47.36M	$26.38M	$16.61M	$10.17M	$1.23M	$11.17M	—
Operating Cash Flow (USD)	$457.09M	$339.86M	$242.83M	$150.65M	$141.00M	$181.62M	$105.01M	$113.42M	$81.70M	$45.59M	$26.54M	$15.05M	$18.02M	$11.77M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 15 years · 55 quarters

HEALTHEQUITY, INC.

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