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
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