Growth Metrics

Health Catalyst (HCAT) Operating Margin (2018 - 2025)

Health Catalyst's Operating Margin history spans 8 years, with the latest figure at 115.27% for Q4 2025.

  • For Q4 2025, Operating Margin fell 9328.0% year-over-year to 115.27%; the TTM value through Dec 2025 reached 51.7%, down 2893.0%, while the annual FY2025 figure was 51.7%, 2893.0% down from the prior year.
  • Operating Margin reached 115.27% in Q4 2025 per HCAT's latest filing, down from 22.94% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 17.93% in Q3 2024 to a low of 115.27% in Q4 2025.
  • Average Operating Margin over 5 years is 45.52%, with a median of 44.81% recorded in 2025.
  • Peak YoY movement for Operating Margin: soared 3357bps in 2023, then crashed -9328bps in 2025.
  • A 5-year view of Operating Margin shows it stood at 69.17% in 2021, then rose by 23bps to 53.13% in 2022, then rose by 18bps to 43.66% in 2023, then soared by 50bps to 21.98% in 2024, then tumbled by -424bps to 115.27% in 2025.
  • Per Business Quant, the three most recent readings for HCAT's Operating Margin are 115.27% (Q4 2025), 22.94% (Q3 2025), and 45.95% (Q2 2025).