Healthequity (HQY) EV to FCF (2014 - 2026)
Healthequity's EV to FCF came in at 16.58 for fiscal Q2 2027 (quarter ended Jul 31, 2026), down 25.0% from 22.11 a year earlier but up 22.1% from the prior quarter.
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Analysis
Healthequity (HQY) EV to FCF (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Healthequity reported EV to FCF of 14.75, down 24.9% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 15.30, down 44.2% from FY2025.
- Going back by fiscal year, EV to FCF was 27.41 in FY2025 (+8.3%), 25.32 in FY2024 (-23.9%), 33.29 in FY2023 (+3.4%) and 32.19 in FY2022 (-11.3%).
- The five-year range for quarterly EV to FCF is 13.57 (fiscal Q1 2027) to 46.51 (fiscal Q1 2023).
- Year-over-year, EV to FCF has declined for four consecutive quarters, with an average decline of 17.1% over the last eight quarters.
- The fastest year-over-year change in EV to FCF over five years came in fiscal Q1 2023 (growth of 57.4%), and the weakest in fiscal Q1 2024 (a decline of 46.0%).
- Business Quant data shows HQY's EV to FCF at 13.57 (Q1 2027), 15.30 (Q4 2026) and 18.86 (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 101.14 Bn | 82.23 Bn | - |
| 2 | Bank of New York Mellon | 98.14 Bn | 37.51 Bn | - |
| 3 | Cme | 94.12 Bn | 94.12 Bn | - |
| 4 | Intercontinental Exchange | 85.35 Bn | 79.16 Bn | - |
| 5 | Nasdaq | 51.71 Bn | 49.14 Bn | 1.50 Bn |
| 6 | State Street | 47.94 Bn | 47.94 Bn | - |
| 7 | Interactive Brokers | 38.49 Bn | 31.95 Bn | - |
| 8 | Northern Trust | 30.99 Bn | 30.99 Bn | - |
| 9 | Cboe Global Markets | 28.76 Bn | 20.41 Bn | 731.60 Mn |
| 10 | Healthequity | 7.33 Bn | 6.18 Bn | 257.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 16.58 |
| Apr 30, 2026 | 13.57 |
| Jan 31, 2026 | 15.30 |
| Oct 31, 2025 | 18.86 |
| Jul 31, 2025 | 22.11 |
| Apr 30, 2025 | 21.16 |
| Jan 31, 2025 | 27.41 |
| Oct 31, 2024 | 20.89 |
| Jul 31, 2024 | 21.39 |
| Apr 30, 2024 | 24.10 |
| Jan 31, 2024 | 25.32 |
| Oct 31, 2023 | 26.47 |
| Jul 31, 2023 | 26.25 |
| Apr 30, 2023 | 25.14 |
| Jan 31, 2023 | 33.29 |
| Oct 31, 2022 | 45.24 |
| Jul 31, 2022 | 41.18 |
| Apr 30, 2022 | 46.51 |
| Jan 31, 2022 | 32.19 |
| Oct 31, 2021 | 34.30 |
API Access
Healthequity EV to FCF 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=ev-to-fcf&ticker=HQY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "HQY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=HQY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();