Health Catalyst (HCAT) Net Margin (2018 - 2026)
Health Catalyst (HCAT) reported Net Margin of 156.91% for Q1 2026, down 12702.0% on a YoY basis from N/an in Q1 2025, and down 28.74% quarter-over-quarter from 121.89% in Q4 2025.
Health Catalyst (HCAT) Net Margin (2018 - 2026) Analysis & Trends
Health Catalyst has reported Net Margin for 9 years, with the latest figure at 156.91% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 12702.0% year-over-year to 156.91%; the trailing twelve-month figure through Mar 2026 stood at 87.69% (down 6435.0% YoY), and the FY2025 full-year result was 57.2%, down 3453.0% from the prior year.
- Net Margin for Q1 2026 stood at 156.91%, down from 121.89% in the prior quarter.
- The five-year high for Net Margin was 17.81% in Q2 2024, with the low at 156.91% in Q1 2026.
- Historically, Net Margin has averaged 49.28% across 5 years, with a median of 40.37% in 2023.
- Annual changes were most pronounced in 2023 — Net Margin jumped 3704 bps — and 2026, when it plunged 12702 bps.
- Health Catalyst's Net Margin stood at 51.68% in 2022, then increased by 22 bps to 40.37% in 2023, then jumped by 36 bps to 25.97% in 2024, then slumped by 369 bps to 121.89% in 2025, then decreased by 29 bps to 156.91% in 2026.
- The last three Net Margin figures came in at 156.91% (Q1 2026), 121.89% (Q4 2025), and 29.12% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 2.06% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 19.57% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 18.66% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | -8.93% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 13.15% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 13.80% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 0.61% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 3.68% |
| 10 | Health Catalyst | 125.95 Mn | 17.13 Mn | 35.46 Mn | -156.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -156.91% |
| Dec 31, 2025 | -121.89% |
| Sep 30, 2025 | -29.12% |
| Jun 30, 2025 | -50.76% |
| Mar 31, 2025 | -29.90% |
| Dec 31, 2024 | -25.97% |
| Sep 30, 2024 | -19.29% |
| Jun 30, 2024 | -17.81% |
| Mar 31, 2024 | -27.55% |
| Dec 31, 2023 | -40.37% |
| Sep 30, 2023 | -29.86% |
| Jun 30, 2023 | -44.55% |
| Mar 31, 2023 | -44.93% |
| Dec 31, 2022 | -51.68% |
| Sep 30, 2022 | -66.91% |
| Jun 30, 2022 | -47.33% |
| Mar 31, 2022 | -32.91% |
| Dec 31, 2021 | -75.70% |
| Sep 30, 2021 | -64.81% |
| Jun 30, 2021 | -60.10% |