Health Catalyst (HCAT) EBITDA Margin (2018 - 2026)
Health Catalyst (HCAT) recorded EBITDA Margin of -36.18% in Q2 2026, down 5.94 percentage points from -30.24% a year earlier but up 97.18 percentage points from the prior quarter.
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Analysis
Health Catalyst (HCAT) EBITDA Margin (2018 - 2026) Analysis & Trends
On a TTM basis, Health Catalyst's EBITDA Margin came in at -67.74% as of Jun 30, 2026, down 54.07 percentage points year-over-year; for FY2025, it came in at -35.47%, down 26.21 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of +5.52 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at -9.26% in FY2024 (+19.36 pp), -28.61% in FY2023 (+4.59 pp), -33.20% in FY2022 (+10.67 pp) and -43.87% in FY2021 (-2.88 pp).
- Quarterly EBITDA Margin has ranged from -133.36% in Q1 2026 to -4.85% in Q3 2024 over the past five years.
- On a year-over-year basis, EBITDA Margin has declined for five consecutive quarters, with an average year-over-year change of -25.16 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 29.28 percentage points in Q3 2023, against a drop of 123.48 percentage points in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -133.36% (Q1 2026), -98.02% (Q4 2025) and -6.41% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 51.94 Bn | 24.18 Bn | 695.95 Mn | 31.34% |
| 3 | Samsara | 25.50 Bn | 22.27 Bn | 392.58 Mn | 2.61% |
| 4 | Ptc | 22.24 Bn | 21.05 Bn | 490.47 Mn | 31.78% |
| 5 | Toast | 19.03 Bn | 11.70 Bn | 516.00 Mn | 9.85% |
| 6 | Trimble | 14.56 Bn | 13.62 Bn | 674.90 Mn | 18.84% |
| 7 | Manhattan Associates | 13.89 Bn | 12.88 Bn | 168.33 Mn | 22.79% |
| 8 | Costar | 13.36 Bn | 7.31 Bn | 728.00 Mn | 20.65% |
| 9 | Bentley Systems | 11.96 Bn | 11.42 Bn | 336.74 Mn | 25.74% |
| 10 | Health Catalyst | 130.17 Mn | -269.36 Mn | 34.86 Mn | -35.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -35.44% |
| Mar 31, 2026 | -132.47% |
| Dec 31, 2025 | -96.92% |
| Sep 30, 2025 | -5.34% |
| Jun 30, 2025 | -29.15% |
| Mar 31, 2025 | -8.37% |
| Dec 31, 2024 | -7.61% |
| Sep 30, 2024 | -3.12% |
| Jun 30, 2024 | -6.28% |
| Mar 31, 2024 | -15.94% |
| Dec 31, 2023 | -29.44% |
| Sep 30, 2023 | -18.99% |
| Jun 30, 2023 | -32.11% |
| Mar 31, 2023 | -31.87% |
| Dec 31, 2022 | -35.72% |
| Sep 30, 2022 | -48.24% |
| Jun 30, 2022 | -28.61% |
| Mar 31, 2022 | -18.10% |
| Dec 31, 2021 | -47.49% |
| Sep 30, 2021 | -46.28% |
API Access
Health Catalyst EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=HCAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "HCAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=HCAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();