Health Catalyst (HCAT) Equity Ratio (2018 - 2026)
Health Catalyst (HCAT) reported Equity Ratio of 0.34 for Q1 2026, down 20.71% on a YoY basis from 0.42 in Q1 2025, and down 31.46% quarter-over-quarter from 0.49 in Q4 2025.
Health Catalyst (HCAT) Equity Ratio (2018 - 2026) Analysis & Trends
Health Catalyst has reported Equity Ratio for 9 years, with the latest figure 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.
- The five-year high for Equity Ratio was 0.58 in Q1 2022, with the low at 0.34 in Q1 2026.
- Historically, Equity Ratio has averaged 0.51 across 5 years, with a median of 0.54 in 2023.
- Annual changes were most pronounced in 2025 — Equity Ratio rose 29.46% — and 2026, when it slipped 20.71%.
- Health Catalyst's Equity Ratio stood at 0.56 in 2022, then slipped by 7.46% to 0.52 in 2023, then retreated by 18.67% to 0.43 in 2024, then increased by 15.0% to 0.49 in 2025, then slumped 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 | 24.83 Bn | 17.52 Bn | 662.02 Mn | 0.80 |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 0.32 |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 0.62 |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 0.15 |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 0.80 |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 0.85 |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 0.67 |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 0.53 |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 0.63 |
| 10 | Health Catalyst | 125.95 Mn | 17.13 Mn | 35.46 Mn | 0.34 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |