Healthcare Triangle (HCTI) Operating Margin (2020 - 2026)
Healthcare Triangle (HCTI) reported Operating Margin of 36.76% for Q1 2026, up 98.0% on a YoY basis from 18.57% in Q1 2025, and up 74.03% sequentially from 141.54% in Q4 2025.
Healthcare Triangle (HCTI) Operating Margin (2020 - 2026) Analysis & Trends
Healthcare Triangle (HCTI) has 7 years of Operating Margin data on file, last reported at 36.76% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 98.0% year-over-year to 36.76%; the trailing twelve-month figure through Mar 2026 stood at 59.96% (down 2062.0% YoY), and the FY2025 full-year result was 70.47%, down 2985.0% from the prior year.
- Operating Margin improved to 36.76% in Q1 2026, from 141.54% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 12.37% in Q2 2022 to a low of 141.54% in Q4 2025.
- A 5-year average of 42.43% and a median of 36.76% in 2026 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 7512 bps in 2023 and tumbled 11880 bps in 2025, its largest moves.
- Tracing HCTI's Operating Margin over 5 years: stood at 94.48% in 2022, then surged by 80 bps to 19.36% in 2023, then declined by 17 bps to 22.74% in 2024, then tumbled by 522 bps to 141.54% in 2025, then soared by 74 bps to 36.76% in 2026.
- Business Quant data shows HCTI's Operating Margin at 36.76% in Q1 2026, 141.54% in Q4 2025, and 74.26% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.81 Bn | 24.49 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 14.76 Bn | 13.86 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 8.36 Bn | 8.10 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 5.91 Bn | 5.60 Bn | 154.23 Mn | 17.59% |
| 5 | 10x Genomics | 5.89 Bn | 5.35 Bn | 106.18 Mn | -11.30% |
| 6 | MiniMed | 4.45 Bn | 4.16 Bn | 480.00 Mn | -11.11% |
| 7 | Waystar Holding | 4.41 Bn | 4.35 Bn | 216.84 Mn | 25.64% |
| 8 | Doximity | 3.93 Bn | 3.18 Bn | 125.97 Mn | 17.08% |
| 9 | Privia Health | 3.10 Bn | 2.68 Bn | - | 1.23% |
| 10 | Healthcare Triangle | 1.57 Mn | -2.75 Mn | 2.39 Mn | -36.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -36.76% |
| Dec 31, 2025 | -141.54% |
| Sep 30, 2025 | -74.26% |
| Jun 30, 2025 | -38.20% |
| Mar 31, 2025 | -37.74% |
| Dec 31, 2024 | -22.74% |
| Sep 30, 2024 | -48.36% |
| Jun 30, 2024 | -46.18% |
| Mar 31, 2024 | -41.69% |
| Dec 31, 2023 | -19.36% |
| Sep 30, 2023 | -19.59% |
| Jun 30, 2023 | -18.71% |
| Mar 31, 2023 | -32.62% |
| Dec 31, 2022 | -94.48% |
| Sep 30, 2022 | -18.80% |
| Jun 30, 2022 | -12.37% |
| Mar 31, 2022 | -17.85% |
| Dec 31, 2021 | -36.34% |
| Sep 30, 2021 | -21.91% |
| Jun 30, 2021 | 4.67% |