Health Catalyst (HCAT) Invested Capital (2018 - 2026)
Health Catalyst's Invested Capital was $254.31 million in Q2 2026, down 49.2% from $500.58 million a year earlier and down 12.8% from the prior quarter.
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Analysis
Health Catalyst (HCAT) Invested Capital (2018 - 2026) Analysis & Trends
For FY2025, Invested Capital at Health Catalyst came in at $399.03 million, down 46.6% from FY2024.
- Invested Capital shows a five-year compound annual growth rate of -2.2% (FY2020 to FY2025).
- In earlier years, Invested Capital was $747.57 million in FY2024 (+25.7%), $594.95 million in FY2023 (-8.7%), $651.53 million in FY2022 (-7.3%) and $703.04 million in FY2021 (+58.0%).
- The Q2 2026 figure marks the lowest quarterly Invested Capital since Q1 2020.
- Compared with a year earlier, Invested Capital has declined for five straight quarters, with an average decline of 16.6% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q1 2022 (growth of 60.3%); the worst was Q1 2026 (a decline of 61.6%).
- Per Business Quant data, HCAT's Invested Capital in the three quarters before Q2 2026 was $291.51 million (Q1 2026), $399.03 million (Q4 2025) and $485.06 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | -65,223.00 |
| 2 | Veeva Systems | 45.65 Bn | 17.89 Bn | 695.95 Mn | - |
| 3 | Samsara | 23.42 Bn | 20.19 Bn | 392.58 Mn | - |
| 4 | Toast | 16.88 Bn | 9.55 Bn | 516.00 Mn | - |
| 5 | Ptc | 16.22 Bn | 15.03 Bn | 490.47 Mn | 3.49 Bn |
| 6 | Duolingo | 13.71 Bn | 8.88 Bn | 216.74 Mn | - |
| 7 | Trimble | 13.42 Bn | 12.48 Bn | 674.90 Mn | 6.57 Bn |
| 8 | Manhattan Associates | 11.90 Bn | 10.90 Bn | 168.33 Mn | - |
| 9 | Costar | 11.23 Bn | 5.20 Bn | 728.00 Mn | 8.94 Bn |
| 10 | Health Catalyst | 127.00 Mn | -272.54 Mn | 34.86 Mn | 254.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 254.31 Mn |
| Mar 31, 2026 | 291.51 Mn |
| Dec 31, 2025 | 399.03 Mn |
| Sep 30, 2025 | 485.06 Mn |
| Jun 30, 2025 | 500.58 Mn |
| Mar 31, 2025 | 759.67 Mn |
| Dec 31, 2024 | 747.57 Mn |
| Sep 30, 2024 | 700.07 Mn |
| Jun 30, 2024 | 585.80 Mn |
| Mar 31, 2024 | 585.62 Mn |
| Dec 31, 2023 | 594.95 Mn |
| Sep 30, 2023 | 610.05 Mn |
| Jun 30, 2023 | 617.14 Mn |
| Mar 31, 2023 | 632.05 Mn |
| Dec 31, 2022 | 651.53 Mn |
| Sep 30, 2022 | 666.11 Mn |
| Jun 30, 2022 | 694.83 Mn |
| Mar 31, 2022 | 706.31 Mn |
| Dec 31, 2021 | 703.04 Mn |
| Sep 30, 2021 | 727.04 Mn |
API Access
Health Catalyst Invested Capital 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=invested-capital&ticker=HCAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=HCAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();