HTFL vs CBLL vs BFLY Stock Comparison

Heartflow, Ceribell and Butterfly Network Prices as of Oct 29, 2026 Peers: Industry group
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HTFL Heartflow, Inc.
$60.53 +21.5% 1M +61.3% 1Y
Market cap
$5.09B
P/E
–
Revenue (TTM)
$202.91M
Div. yield
–
Diagnostic Equipment Healthcare
4 wins
CBLL Ceribell, Inc.
$27.82 +11.9% 1M +131.3% 1Y
Market cap
$1.01B
P/E
–
Revenue (TTM)
$101.96M
Div. yield
–
Diagnostic Equipment Healthcare
1 win
BFLY Butterfly Network, Inc.
$7.51 -17.5% 1M +249.3% 1Y
Market cap
$1.67B
P/E
–
Revenue (TTM)
$123.25M
Div. yield
–
Diagnostic Equipment Healthcare
1 win

Head to Head

6 decided of 12

Heartflow leads on 4 of the 12 questions below (Heartflow 4, Butterfly Network 1, Ceribell 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHTFLCBLLBFLYLeader
Larger companyMarket capitalisation $5.09B $1.01B $1.67B HTFL
Cheaper on earningsLower P/E, profitable companies only -50.8x -15.3x -31.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +42.5% +31.7% +39.4% HTFL
More profitableNet margin, trailing twelve months -49.4% -64.7% — HTFL
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — 1.6x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +61.3% +131.3% +249.3% BFLY
Better 5-year returnAnnualised price return, 5 years — — -6.2%/yr –
Less volatileAnnualised volatility, 1 year 76.8% 51.7% 115.0% CBLL
Higher overall scoreMean of the five percentile scores vs peers 56/100 39/100 47/100 HTFL

Percentile Scorecard

HTFLCBLLBFLY

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHTFLCBLLBFLY
Valuation 9 #207 of 227 24 #172 of 227 21 #179 of 227
Growth 74 #57 of 218 21 #172 of 218 90 #23 of 218
Profitability 49 #103 of 202 38 #125 of 202 29 #144 of 202
Financial Health 91 #22 of 233 81 #46 of 233 –
Shareholder Returns – 30 #91 of 130 –
Overall 56 39 47
  • HTFL ranked among 247 companies in Medical Devices and Diagnostics
  • CBLL ranked among 247 companies in Medical Devices and Diagnostics
  • BFLY ranked among 247 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHTFLCBLLBFLYSPY
1 month +21.5%+11.9%-17.5% +0.7%
3 months +134.3%+57.7%-8.0% +3.7%
6 months +103.4%+38.0%+56.8% +7.1%
Year to date +107.7%+26.9%+97.6% +12.8%
1 year +61.3%+131.3%+249.3% +11.9%
3 years ——+827.2% +85.2%
3 years, per year ——+110.2% +22.8%
5 years ——-27.2% +67.6%
5 years, per year ——-6.2% +10.9%

Risk

MeasureHTFLCBLLBFLYSPY
Volatility, 1Y 76.8%51.7%115.0% 12.7%
Downside volatility, 1Y 78.1%49.0%91.8% 12.6%
Beta vs S&P 500, 1Y 1.891.203.02 1.00
Return / volatility, 1Y 0.802.542.17 0.94
Max drawdown, 5Y -48.7%-63.9%-93.4% -25.4%
From 52-week high 0.0%0.0%-24.4% -1.2%
52-week high $60.53$27.82$9.94 $779.14
52-week low $20.49$10.92$1.97 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHTFLCBLLBFLY
P/E now vs peer median -52.2xmedian 28.7x -16.0xmedian 28.7x -36.7xmedian 28.7x
P/S now vs peer median 25.9xmedian 3.0x 10.4xmedian 3.0x 14.5xmedian 3.0x
EV/EBITDA now vs peer median —median 17.8x -13.9xmedian 17.8x —median 17.8x
P/FCF now vs peer median —median 26.4x -19.4xmedian 26.4x -77.2xmedian 26.4x
P/B now vs peer median 18.8xmedian 2.4x 8.3xmedian 2.4x 9.7xmedian 2.4x
PEG now vs peer median —median 0.99 —median 0.99 -1.22median 0.99

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHTFLCBLLBFLY
Revenue $202.91M $101.96M $123.25M
Gross profit $160.45M $90.65M $86.60M
Operating income -$64.46M -$69.97M -$57.83M
Net income -$100.19M -$66.00M -$53.69M
Free cash flow – -$54.72M –
R&D $77.26M $22.95M $39.57M
EPS (diluted) $-1.16 $-1.74 $-0.20
Cash & equivalents $34.36M $32.66M $122.30M
Total debt – $19.98M –
Shares (diluted) 86.40M 38.03M 262.10M
Enterprise value $4.84B $409.41M $1.67B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHTFLCBLLBFLY
P/E -52.2x -16.0x -36.7x
P/FCF – -19.4x -77.2x
P/Operating cash flow – -19.7x -76.4x
P/S 25.9x 10.4x 14.5x
P/B 18.8x 8.3x 9.7x
P/Tangible book 18.8x 8.3x 10.0x
EV/EBITDA – -13.9x –
EV/EBIT -77.6x -13.6x –
EV/Revenue 24.7x 9.4x 14.5x
EV/FCF – -17.4x –
EV/Operating cash flow – -17.7x -76.4x
PEG (3Y EPS CAGR) – – -1.22

Growth

14 metrics
MetricHTFLCBLLBFLY
Revenue growth (1Y) 42.5% 31.7% 39.4%
Revenue CAGR (3Y) – – 21.7%
Gross profit growth (1Y) 48.8% 33.4% 126.4%
Gross profit CAGR (3Y) – – 30.5%
Operating income growth (1Y) -9.5% -34.6% 33.5%
Operating income CAGR (3Y) – – 26.9%
Net income growth (1Y) -18.3% -33.6% 32.8%
Net income CAGR (3Y) – – 24.2%
EPS growth (1Y) 91.4% -27.5% 35.4%
EPS CAGR (3Y) – – 30.0%
Operating cash flow growth (1Y) – -44.3% 5.8%
Operating cash flow CAGR (3Y) – – 41.1%
Free cash flow growth (1Y) – -41.8% –
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricHTFLCBLLBFLY
Gross margin 79.1% 88.9% –
EBITDA margin – -67.1% –
Operating margin -31.8% -68.6% –
Pretax margin -49.4% -64.7% –
Net margin -49.4% -64.7% –
FCF margin – -53.7% –
Operating cash flow margin – -53.0% -19.0%
Return on equity -34.5% -49.0% –
Return on assets -28.5% -38.3% –
Return on invested capital – – –
Return on capital employed -20.9% -45.1% –
Asset turnover 0.6x 0.6x 0.4x
Cash conversion (OCF / net income) – 0.8x 0.4x
Stock comp / revenue 9.6% 16.1% 20.8%

Financial Health

11 metrics
MetricHTFLCBLLBFLY
Debt / assets – 12.0% –
Debt / equity – 0.2x –
Net debt / EBITDA – 1.6x –
Debt / FCF – -0.4x –
Liabilities / assets 18.8% 22.9% 36.0%
Equity / assets 81.2% 77.1% 64.0%
Interest coverage – -38.6x –
Current ratio 5.1x 9.2x –
Quick ratio 6.6x 8.6x –
Cash ratio 5.6x 7.5x –
Altman Z-score 44.65 14.83 –

Shareholder Returns

7 metrics
MetricHTFLCBLLBFLY
Dividend yield – – –
Net buyback yield – -0.5% –
Shareholder yield – -0.5% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHTFLCBLLBFLY
EPS, next fiscal year $-0.43FY2026 $-1.86FY2026 $-0.10FY2026
Revenue, next fiscal year $261.38MFY2026 $118.32MFY2026 $114.50MFY2026
Revenue growth, next FY +48.5%FY2026 +32.9%FY2026 +17.3%FY2026
Revenue growth, the year after +20.6% +21.1% +26.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHTFLCBLLBFLY
Held by institutions 100.0% 79.9% 59.9%
Institutions holding 193 124 246
Change in shares held, QoQ +133.0% +2.2% +13.9%
Institutions buying 140 74 143
Institutions selling 38 36 59
Buyers to sellers 3.68 2.06 2.42

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HTFLCBLLBFLY
HTFL 1.00 0.25 0.26
CBLL 0.25 1.00 0.37
BFLY 0.26 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HTFL, CBLL and BFLY?

Heartflow (HTFL) is the largest by market capitalisation: Heartflow (HTFL) $5.09B, Ceribell (CBLL) $1.01B, Butterfly Network (BFLY) $1.67B.

Which company is growing faster?

Heartflow (HTFL) grew revenue fastest over the trailing twelve months: Heartflow (HTFL) +42.5%, Ceribell (CBLL) +31.7%, Butterfly Network (BFLY) +39.4%.

Which company is more profitable?

Heartflow (HTFL) has the highest net margin (Heartflow (HTFL) -49.4%, Ceribell (CBLL) -64.7%).

Which stock has performed better?

Over the past year Butterfly Network (BFLY) returned the most: Heartflow (HTFL) +61.3%, Ceribell (CBLL) +131.3%, Butterfly Network (BFLY) +249.3%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ceribell (CBLL) has been the steadiest (Heartflow (HTFL) 76.8%, Ceribell (CBLL) 51.7%, Butterfly Network (BFLY) 115.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HTFL, CBLL and BFLY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Heartflow (HTFL) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.