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 31.72 Bn 24.41 Bn 662.02 Mn 0.37
2 BrightSpring Health Services 14.65 Bn 13.75 Bn 482.22 Mn 2.16
3 Healthequity 8.27 Bn 8.00 Bn 256.31 Mn 0.40
4 10x Genomics 5.90 Bn 5.36 Bn 106.18 Mn 0.62
5 Hinge Health 5.88 Bn 5.56 Bn 154.23 Mn 0.88
6 MiniMed 4.53 Bn 4.23 Bn 480.00 Mn 0.68
7 Waystar Holding 4.44 Bn 4.38 Bn 216.84 Mn 0.20
8 Doximity 3.94 Bn 3.19 Bn 125.97 Mn 0.57
9 Privia Health 3.16 Bn 2.74 Bn - 1.61
10 Omnicell 1.86 Bn 1.62 Bn 140.36 Mn 0.62

Historic Data

Download Data
DateValue
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