Growth Metrics

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

Health Catalyst (HCAT) has disclosed Operating Margin for 8 consecutive years, with 22.94% as the latest value for Q3 2025.

  • For the quarter ending Q3 2025, Operating Margin fell 501.0% year-over-year to 22.94%, compared with a TTM value of 29.19% through Sep 2025, down 102.0%, and an annual FY2024 reading of 22.77%, up 2011.0% over the prior year.
  • Operating Margin was 22.94% for Q3 2025 at Health Catalyst, up from 45.95% in the prior quarter.
  • Across five years, Operating Margin topped out at 17.93% in Q3 2024 and bottomed at 69.17% in Q4 2021.
  • Average Operating Margin over 5 years is 41.85%, with a median of 43.66% recorded in 2023.
  • The sharpest move saw Operating Margin soared 3357bps in 2023, then tumbled -2513bps in 2025.
  • Year by year, Operating Margin 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 decreased by -4bps to 22.94% in 2025.
  • Business Quant data shows Operating Margin for HCAT at 22.94% in Q3 2025, 45.95% in Q2 2025, and 25.4% in Q1 2025.