Health Catalyst (HCAT) Debt Ratio (2018 - 2026)

Health Catalyst (HCAT) posted Debt Ratio of 0.38 for Q1 2026, up 23.33% on a QoQ basis from 0.3 in Q4 2025, and down 45.44% year-over-year from 0.69 in Q1 2025.

Health Catalyst (HCAT) Debt Ratio (2018 - 2026) Analysis & Trends

Health Catalyst's Debt Ratio history runs 9 years deep, the most recent figure standing at 0.38 for Q1 2026.

  • Quarterly Debt Ratio fell 45.44% year-over-year to 0.38 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.38 (down 45.44% YoY) and the FY2025 annual result came in at 0.3, down 31.51% from the prior year.
  • Debt Ratio was 0.38 for Q1 2026 at Health Catalyst, up from 0.3 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.71 in Q3 2024 and bottomed at 0.25 in Q2 2025.
  • A 5-year average of 0.36 and a median of 0.31 in 2023 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2022 — Debt Ratio jumped 887.5% — and 2025, when it plunged 62.76%.
  • Health Catalyst's Debt Ratio stood at 0.3 in 2022, then increased by 7.91% to 0.32 in 2023, then surged by 37.01% to 0.45 in 2024, then sank by 31.51% to 0.3 in 2025, then increased by 23.33% to 0.38 in 2026.
  • Business Quant data shows HCAT's Debt Ratio at 0.38 in Q1 2026, 0.3 in Q4 2025, and 0.26 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Veeva Systems 29.34 Bn 22.03 Bn 662.02 Mn -
2 BrightSpring Health Services 13.49 Bn 12.59 Bn 482.22 Mn 0.40
3 Healthequity 7.96 Bn 7.70 Bn 256.31 Mn 0.29
4 10x Genomics 6.17 Bn 5.63 Bn 106.18 Mn -
5 Hinge Health 6.02 Bn 5.70 Bn 154.23 Mn -
6 MiniMed 4.19 Bn 3.89 Bn 480.00 Mn -
7 Waystar Holding 4.14 Bn 4.07 Bn 216.84 Mn 0.25
8 Doximity 3.82 Bn 3.08 Bn 125.97 Mn -
9 Privia Health 3.10 Bn 2.73 Bn - -
10 Health Catalyst 145.91 Mn 37.09 Mn 35.46 Mn 0.38

Historic Data

Download Data
DateValue
Mar 31, 2026 0.38
Dec 31, 2025 0.30
Sep 30, 2025 0.26
Jun 30, 2025 0.25
Mar 31, 2025 0.69
Dec 31, 2024 0.45
Sep 30, 2024 0.71
Jun 30, 2024 0.33
Mar 31, 2024 0.33
Dec 31, 2023 0.32
Sep 30, 2023 0.32
Jun 30, 2023 0.31
Mar 31, 2023 0.30
Dec 31, 2022 0.30
Sep 30, 2022 0.29
Jun 30, 2022 0.28
Mar 31, 2022 0.27
Dec 31, 2021 0.22
Sep 30, 2021 0.21
Jun 30, 2021 0.32