Healthequity (HQY) Return on Capital Employed (2014 - 2026)

Healthequity's (HQY) quarterly Return on Capital Employed came in at 10.67% in Q2 2026, up 453.0% year-on-year from 1.93% in Q2 2025, and up 6.99% quarter-over-quarter from 9.98% in Q1 2026.

Healthequity (HQY) Return on Capital Employed (2014 - 2026) Analysis & Trends

Healthequity's Return on Capital Employed history runs 13 years deep, the most recent figure standing at 10.67% for Q2 2026.

  • On a quarterly basis, Return on Capital Employed rose 453.0% year-over-year to 10.67% in Q2 2026; TTM through Apr 2026 was 10.67%, a 453.0% increase from a year earlier, with the FY2026 full-year figure at 9.9%, up 474.0% from the prior year.
  • Return on Capital Employed improved to 10.67% in Q2 2026 per HQY's latest filing, from 9.98% in the prior quarter.
  • Across five years, Return on Capital Employed topped out at 10.67% in Q2 2026 and bottomed at 1.27% in Q3 2022.
  • The 5-year median for Return on Capital Employed is 4.14% (2024), against an average of 3.81%.
  • Across the five-year window, Return on Capital Employed slumped 219 bps in 2022 and surged 507 bps in 2026, its largest moves.
  • Year by year, Return on Capital Employed stood at 1.06% in 2022, then soared by 391 bps to 3.08% in 2023, then jumped by 54 bps to 4.75% in 2024, then jumped by 88 bps to 8.93% in 2025, then rose by 20 bps to 10.67% in 2026.
  • Per Business Quant, the three latest HQY Return on Capital Employed figures stand at 10.67% (Q2 2026), 9.98% (Q1 2026), and 8.93% (Q4 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Veeva Systems 32.19 Bn 24.88 Bn 662.02 Mn 13.00%
2 BrightSpring Health Services 14.68 Bn 13.78 Bn 482.22 Mn 7.68%
3 Healthequity 8.43 Bn 8.16 Bn 256.31 Mn 10.67%
4 Hinge Health 5.97 Bn 5.65 Bn 154.23 Mn -163.65%
5 10x Genomics 5.92 Bn 5.38 Bn 106.18 Mn -4.23%
6 MiniMed 4.52 Bn 4.22 Bn 480.00 Mn -8.46%
7 Waystar Holding 4.46 Bn 4.40 Bn 216.84 Mn 4.73%
8 Doximity 3.97 Bn 3.22 Bn 125.97 Mn 21.81%
9 Privia Health 3.11 Bn 2.70 Bn - 4.60%
10 Omnicell 1.87 Bn 1.63 Bn 140.36 Mn 2.23%

Historic Data

Download Data
DateValue
Apr 30, 2026 10.67%
Jan 31, 2026 9.98%
Oct 31, 2025 8.93%
Jul 31, 2025 7.11%
Apr 30, 2025 6.15%
Jan 31, 2025 4.90%
Oct 31, 2024 4.75%
Jul 31, 2024 5.23%
Apr 30, 2024 4.37%
Jan 31, 2024 3.91%
Oct 31, 2023 3.08%
Jul 31, 2023 2.26%
Apr 30, 2023 1.33%
Jan 31, 2023 0.31%
Oct 31, 2022 -1.06%
Jul 31, 2022 -1.27%
Apr 30, 2022 -1.21%
Jan 31, 2022 -0.82%
Oct 31, 2021 0.05%
Jul 31, 2021 0.45%