Growth Metrics

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

Health Catalyst posted quarterly Equity Ratio of 0.34 for Q1 2026, down 20.71% year-on-year from 0.42 in Q1 2025, and down 31.46% on a QoQ basis from 0.49 in Q4 2025.

Health Catalyst (HCAT) has 9 years of Equity Ratio data on file, last reported at 0.34 in Q1 2026.

  • For the quarter ending Q1 2026, Equity Ratio fell 20.71% year-over-year to 0.34; the trailing twelve-month figure through Mar 2026 stood at 0.34 (down 20.71% YoY), and the FY2025 full-year result was 0.49, up 15.0% from the prior year.
  • Equity Ratio for Q1 2026 stood at 0.34, down from 0.49 in the prior quarter.
  • Across five years, Equity Ratio topped out at 0.58 in Q1 2022 and bottomed at 0.34 in Q1 2026.
  • The 5-year median for Equity Ratio is 0.54 (2023), against an average of 0.51.
  • The widest annual swing landed in 2025, when Equity Ratio rose 29.46%; it then slipped 20.71% in 2026.
  • A 5-year view of Equity Ratio shows it stood at 0.56 in 2022, then dropped by 7.46% to 0.52 in 2023, then decreased by 18.67% to 0.43 in 2024, then rose by 15.0% to 0.49 in 2025, then sank by 31.46% to 0.34 in 2026.
  • The last three Equity Ratio figures came in at 0.34 (Q1 2026), 0.49 (Q4 2025), and 0.57 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Veeva Systems 30.85 Bn 24.28 Bn 622.47 Mn 0.80
2 BrightSpring Health Services 12.29 Bn 11.41 Bn 482.22 Mn 0.32
3 Healthequity 7.80 Bn 7.48 Bn 256.31 Mn 0.62
4 Hinge Health 4.82 Bn 4.51 Bn 154.23 Mn 0.15
5 Doximity 4.21 Bn 3.46 Bn 125.97 Mn 0.85
6 Waystar Holding 4.18 Bn 4.03 Bn 268.04 Mn 0.67
7 10x Genomics 3.78 Bn 3.24 Bn 106.18 Mn 0.80
8 Privia Health 2.65 Bn 2.28 Bn 595.71 Mn 0.53
9 Omnicell 1.95 Bn 1.78 Bn 140.36 Mn 0.63
10 Health Catalyst 98.36 Mn -10.46 Mn 35.46 Mn 0.34

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 0.34
Dec 31, 2025 0.49
Sep 30, 2025 0.57
Jun 30, 2025 0.56
Mar 31, 2025 0.42
Dec 31, 2024 0.43
Sep 30, 2024 0.44
Jun 30, 2024 0.52
Mar 31, 2024 0.51
Dec 31, 2023 0.52
Sep 30, 2023 0.54
Jun 30, 2023 0.54
Mar 31, 2023 0.54
Dec 31, 2022 0.56
Sep 30, 2022 0.57
Jun 30, 2022 0.58
Mar 31, 2022 0.58
Dec 31, 2021 0.63
Sep 30, 2021 0.65
Jun 30, 2021 0.49
Mar 31, 2021 0.47
Dec 31, 2020 0.48
Sep 30, 2020 0.53
Jun 30, 2020 0.50
Mar 31, 2020 0.66
Dec 31, 2019 0.66
Sep 30, 2019 0.65
Jun 30, 2019 -3.99
Dec 31, 2018 -3.38