Health Catalyst (HCAT) Return on Invested Capital [ROIC] (2019 - 2026)
Health Catalyst's Return on Invested Capital [ROIC] came in at -90.34% for Q2 2026, down 76.30 percentage points from -14.04% a year earlier and down 18.76 percentage points from the prior quarter.
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Analysis
Health Catalyst (HCAT) Return on Invested Capital [ROIC] (2019 - 2026) Analysis & Trends
For FY2025, Health Catalyst's Return on Invested Capital [ROIC] was -28.06%, down 17.66 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of -0.64 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was -10.40% in FY2024 (+9.96 pp), -20.36% in FY2023 (-0.32 pp), -20.04% in FY2022 (+3.90 pp) and -23.94% in FY2021 (+3.47 pp).
- The Q2 2026 figure represents the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q4 2019.
- Year-over-year, Return on Invested Capital [ROIC] has declined for four consecutive quarters, with an average year-over-year change of -17.35 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2024 (a gain of 11.42 percentage points), and the weakest in Q2 2026 (a drop of 76.30 percentage points).
- Business Quant data shows HCAT's Return on Invested Capital [ROIC] at -71.58% (Q1 2026), -36.39% (Q4 2025) and -18.72% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 44.24 Bn | 16.49 Bn | 695.95 Mn | - |
| 3 | Samsara | 24.06 Bn | 20.83 Bn | 392.58 Mn | - |
| 4 | Toast | 17.18 Bn | 9.85 Bn | 516.00 Mn | - |
| 5 | Ptc | 15.95 Bn | 14.76 Bn | 490.47 Mn | 24.21% |
| 6 | Duolingo | 13.49 Bn | 8.67 Bn | 216.74 Mn | - |
| 7 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 9.44% |
| 8 | Manhattan Associates | 11.90 Bn | 10.90 Bn | 168.33 Mn | - |
| 9 | Costar | 11.09 Bn | 5.06 Bn | 728.00 Mn | 0.63% |
| 10 | Health Catalyst | 130.73 Mn | -268.80 Mn | 34.86 Mn | -90.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -90.34% |
| Mar 31, 2026 | -71.58% |
| Dec 31, 2025 | -36.39% |
| Sep 30, 2025 | -18.72% |
| Jun 30, 2025 | -14.04% |
| Mar 31, 2025 | -8.91% |
| Dec 31, 2024 | -9.64% |
| Sep 30, 2024 | -13.21% |
| Jun 30, 2024 | -16.39% |
| Mar 31, 2024 | -19.45% |
| Dec 31, 2023 | -21.06% |
| Sep 30, 2023 | -21.33% |
| Jun 30, 2023 | -24.34% |
| Mar 31, 2023 | -23.35% |
| Dec 31, 2022 | -20.60% |
| Sep 30, 2022 | -21.12% |
| Jun 30, 2022 | -19.13% |
| Mar 31, 2022 | -19.02% |
| Dec 31, 2021 | -19.22% |
| Sep 30, 2021 | -22.38% |
API Access
Health Catalyst Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=HCAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=HCAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();