Healthequity (HQY) Asset Utilization Ratio (2014 - 2026)
Healthequity's (HQY) quarterly Asset Utilization Ratio came in at 0.4 in Q2 2026, up 10.45% year-on-year from 0.36 in Q2 2025, and up 3.21% quarter-over-quarter from 0.39 in Q1 2026.
Healthequity (HQY) Asset Utilization Ratio (2014 - 2026) Analysis & Trends
Healthequity's Asset Utilization Ratio history runs 13 years deep, the most recent figure standing at 0.4 for Q2 2026.
- On a quarterly basis, Asset Utilization Ratio rose 10.45% year-over-year to 0.4 in Q2 2026; TTM through Apr 2026 was 0.4, a 10.45% increase from a year earlier, with the FY2026 full-year figure at 0.38, up 6.0% from the prior year.
- Asset Utilization Ratio grew to 0.4 in Q2 2026 per HQY's latest filing, from 0.39 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.4 in Q2 2026 and bottomed at 0.24 in Q1 2022.
- The 5-year median for Asset Utilization Ratio is 0.32 (2024), against an average of 0.32.
- Across the five-year window, Asset Utilization Ratio fell 10.81% in 2022 and rose 18.69% in 2023, its largest moves.
- Year by year, Asset Utilization Ratio stood at 0.27 in 2022, then gained by 16.42% to 0.32 in 2023, then grew by 4.21% to 0.33 in 2024, then advanced by 15.29% to 0.38 in 2025, then advanced by 5.59% to 0.4 in 2026.
- Per Business Quant, the three latest HQY Asset Utilization Ratio figures stand at 0.4 (Q2 2026), 0.39 (Q1 2026), and 0.38 (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.81 Bn | 24.49 Bn | 662.02 Mn | 0.37 |
| 2 | BrightSpring Health Services | 14.76 Bn | 13.86 Bn | 482.22 Mn | 2.16 |
| 3 | Healthequity | 8.36 Bn | 8.10 Bn | 256.31 Mn | 0.40 |
| 4 | Hinge Health | 5.91 Bn | 5.60 Bn | 154.23 Mn | 0.88 |
| 5 | 10x Genomics | 5.89 Bn | 5.35 Bn | 106.18 Mn | 0.62 |
| 6 | MiniMed | 4.45 Bn | 4.16 Bn | 480.00 Mn | 0.68 |
| 7 | Waystar Holding | 4.41 Bn | 4.35 Bn | 216.84 Mn | 0.20 |
| 8 | Doximity | 3.93 Bn | 3.18 Bn | 125.97 Mn | 0.57 |
| 9 | Privia Health | 3.10 Bn | 2.68 Bn | - | 1.61 |
| 10 | Omnicell | 1.89 Bn | 1.65 Bn | 140.36 Mn | 0.62 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 0.40 |
| Jan 31, 2026 | 0.39 |
| Oct 31, 2025 | 0.38 |
| Jul 31, 2025 | 0.37 |
| Apr 30, 2025 | 0.36 |
| Jan 31, 2025 | 0.35 |
| Oct 31, 2024 | 0.33 |
| Jul 31, 2024 | 0.33 |
| Apr 30, 2024 | 0.33 |
| Jan 31, 2024 | 0.32 |
| Oct 31, 2023 | 0.32 |
| Jul 31, 2023 | 0.31 |
| Apr 30, 2023 | 0.29 |
| Jan 31, 2023 | 0.28 |
| Oct 31, 2022 | 0.27 |
| Jul 31, 2022 | 0.26 |
| Apr 30, 2022 | 0.25 |
| Jan 31, 2022 | 0.24 |
| Oct 31, 2021 | 0.24 |
| Jul 31, 2021 | 0.23 |