Health Catalyst (HCAT) Gross Margin (2018 - 2026)
Health Catalyst (HCAT) posted Gross Margin of 49.46% for Q2 2026, up 2.08 percentage points from 47.37% a year earlier but down 0.66 percentage points from the prior quarter.
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Analysis
Health Catalyst (HCAT) Gross Margin (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Health Catalyst was 50.48%, up 5.17 percentage points year-over-year; for FY2025, it came in at 48.75%, up 2.83 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +0.68 percentage points (FY2020 to FY2025).
- In prior years, Health Catalyst's Gross Margin was 45.92% in FY2024 (+1.37 pp), 44.55% in FY2023 (-3.67 pp), 48.21% in FY2022 (-0.38 pp) and 48.60% in FY2021 (+0.53 pp).
- Quarterly Gross Margin has run from a low of 40.63% in Q4 2023 to a high of 52.74% in Q4 2025 over five years.
- On a year-over-year basis, Gross Margin has increased in each of the last five quarters, with an average year-over-year change of +2.77 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q4 2025, with a gain of 9.16 percentage points; the weakest was Q2 2023, with a drop of 4.87 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 50.12% (Q1 2026), 52.74% (Q4 2025) and 49.55% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 75.00% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 77.21% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 27.04% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 81.74% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 69.43% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 72.62% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 56.53% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 78.70% |
| 10 | Health Catalyst | 132.23 Mn | -267.31 Mn | 34.86 Mn | 49.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.46% |
| Mar 31, 2026 | 50.12% |
| Dec 31, 2025 | 52.74% |
| Sep 30, 2025 | 49.55% |
| Jun 30, 2025 | 47.37% |
| Mar 31, 2025 | 45.63% |
| Dec 31, 2024 | 43.58% |
| Sep 30, 2024 | 44.58% |
| Jun 30, 2024 | 47.22% |
| Mar 31, 2024 | 48.45% |
| Dec 31, 2023 | 40.63% |
| Sep 30, 2023 | 43.36% |
| Jun 30, 2023 | 46.13% |
| Mar 31, 2023 | 48.15% |
| Dec 31, 2022 | 44.90% |
| Sep 30, 2022 | 46.84% |
| Jun 30, 2022 | 51.00% |
| Mar 31, 2022 | 50.07% |
| Dec 31, 2021 | 47.65% |
| Sep 30, 2021 | 46.41% |
API Access
Health Catalyst Gross 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=gross-margin&ticker=HCAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=HCAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();