US · USD
HQY
HealthEquity Inc
- Day's range
- $90.34 – $92.01
- Day's volume
- $65.8M
- 52-week range
- $73.21 – $106.79
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Create a free accountHQY in numbers
- Market cap
- $7.5B
- P/E
- 31.85
- P/B
- 3.78
- Dividend yield (12m)
- 0.00%
- Net debt/EBITDA
- 1.33
HQY trades at 31.85 times its earnings of the last 12 months.
HQY price history
HQY risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -13.43% | +35.85% | +66.51% |
| Volatility (annualized) | 27.38% | 30.43% | 33.82% |
| Largest drawdown | -27.28% | -30.73% | -31.40% |
| Positive months | 5/12 | 18/36 | 30/60 |
How much did investing in HQY return?
$1,000.00 invested on 11/01/2021 would be worth $1,665.14 today.
- Value today in HQY
- $1,665.14
- Return over the period
- +66.51%
- Return per year
- +10.90%
- In the S&P 500
- $1,712.05
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
HQY fundamentals
Valuation
- P/E31.85
- P/B3.78
- EV/EBITDA16.12
- EV/EBIT23.35
- EV/Revenue6.02
- P/EBIT21.43
- P/S5.53
- P/OCF15.36
- P/FCF15.44
- Earnings yield4.28%
- PEG ratio—
- Earnings per share$2.86
- Book value per share$24.06
Debt
- Net debt$675.1M
- Net debt/EBITDA1.33
- Net debt/Equity0.34
- Debt/Equity0.47
- Current ratio2.99
- Quick ratio—
- Cash ratio1.66
Efficiency
- Gross margin71.25%
- EBITDA margin37.37%
- Operating margin25.80%
- Net margin17.36%
- Asset turnover0.42
Profitability
- ROE11.88%
- ROA7.23%
- ROIC10.10%
- Payout0.00%
Growth
- Revenue CAGR (5 years)12.95%
- Earnings CAGR (5 years)218.37%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is HQY's fair price?
Two classic value formulas, with today's numbers. The current price is $91.05.
- Graham's fair price
- $39.34
- 56.79% below the price
√(22.50 × $2.86 × $24.06)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to HQY: it paid no distributions in the last five years.
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
HQY's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| P/E | 35.74 | 81.94 | 148.39 | -215.02 | -116.66 | 415.74 | 124.93 | 62.62 |
| P/B | 3.65 | 3.75 | 4.06 | 2.97 | 2.79 | 2.66 | 4.81 | 9.70 |
| EV/EBITDA | 17.46 | 26.74 | 32.27 | 36.96 | 51.99 | 28.89 | 45.21 | 44.50 |
| Earnings per share | $2.55 | $1.12 | $0.65 | -$0.31 | -$0.53 | $0.11 | $0.56 | $1.18 |
| Book value per share | $24.94 | $24.45 | $23.62 | $22.36 | $22.10 | $16.61 | $14.49 | $7.64 |
| ROE | 10.21% | 4.57% | 2.74% | -1.38% | -2.39% | 0.64% | 3.85% | 15.49% |
| ROIC | 9.11% | 4.71% | 3.49% | 0.24% | -0.63% | 1.67% | 3.44% | 65.49% |
| Gross margin | 69.52% | 64.78% | 62.29% | 57.09% | 56.14% | 56.62% | 61.26% | 63.08% |
| EBITDA margin | 36.33% | 27.07% | 27.09% | 19.76% | 14.93% | 20.44% | 24.88% | 33.37% |
| Net margin | 16.38% | 8.06% | 5.57% | -3.03% | -5.85% | 1.20% | 7.46% | 25.73% |
| Net debt/EBITDA | 1.34 | 2.34 | 1.74 | 3.94 | 6.25 | 4.39 | 7.77 | -3.77 |
HQY's financial statements
| Line | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Net revenue | $1.3B | $1.2B | $999.6M | $861.7M | $756.6M | $733.6M |
| Cost of revenue | -$400.3M | -$422.5M | -$377M | -$369.8M | -$331.8M | -$318.2M |
| Gross profit | $913.1M | $777.3M | $622.6M | $491.9M | $424.8M | $415.3M |
| EBITDA | $477.1M | $324.8M | $270.8M | $170.3M | $113M | $149.9M |
| EBIT | $322.5M | $162.3M | $117.7M | $9.1M | -$24.2M | $34M |
| Financial result | -$45M | -$46.3M | -$42.7M | -$47.2M | -$42.5M | -$29.9M |
| Income before tax | $277.4M | $116M | $75M | -$38.1M | -$66.7M | $4.1M |
| Income tax | -$62.2M | -$19.3M | -$19.3M | $12M | $22.5M | $4.7M |
| Net income | $215.2M | $96.7M | $55.7M | -$26.1M | -$44.3M | $8.8M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does HQY pay dividends?
HQY has no distributions on record.
About Healthequity
- Sector
- Services
Questions about HQY
How much is HQY today?
HQY is at $91.05 (-0.55% on the day), last traded on 10/06/2026.
What are the P/E and P/B of HQY?
HQY trades at a P/E of 31.85 and a P/B of 3.78.
How much did HQY return in 12 months?
HQY returned -13.43% in 12 months, with annualized volatility of 27.38% and a largest drawdown of -27.28%.