Healthstream (HSTM) Operating Margin (2010 - 2026)

Healthstream's (HSTM) quarterly Operating Margin came in at 9.25% in Q1 2026, up 329.0% year-on-year from 2.16% in Q1 2025, and up 206.73% on a QoQ basis from 3.02% in Q4 2025.

Healthstream (HSTM) Operating Margin (2010 - 2026) Analysis & Trends

Healthstream (HSTM) has 17 years of Operating Margin data on file, last reported at 9.25% in Q1 2026.

  • On a quarterly basis, Operating Margin rose 329.0% year-over-year to 9.25% in Q1 2026; TTM through Mar 2026 was 7.5%, a 66.0% increase from a year earlier, with the FY2025 full-year figure at 6.66%, down 64.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 9.25%, up from 3.02% in the prior quarter.
  • Over the last five years, Operating Margin for HSTM reached as high as 9.89% in Q3 2025 and fell as low as 3.02% in Q4 2025.
  • Historically, Operating Margin has averaged 6.29% across 5 years, with a median of 6.16% in 2024.
  • Across the five-year window, Operating Margin jumped 520 bps in 2022 and sank 330 bps in 2025, its largest moves.
  • Year by year, Operating Margin stood at 4.49% in 2022, then surged by 34 bps to 6.03% in 2023, then grew by 5 bps to 6.32% in 2024, then tumbled by 52 bps to 3.02% in 2025, then surged by 207 bps to 9.25% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 9.25% in Q1 2026, 3.02% in Q4 2025, and 9.89% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Veeva Systems 32.25 Bn 24.94 Bn 662.02 Mn 30.93%
2 BrightSpring Health Services 14.59 Bn 13.69 Bn 482.22 Mn 3.36%
3 Healthequity 8.33 Bn 8.07 Bn 256.31 Mn 29.03%
4 Hinge Health 5.98 Bn 5.67 Bn 154.23 Mn 17.59%
5 10x Genomics 5.88 Bn 5.34 Bn 106.18 Mn -11.30%
6 MiniMed 4.49 Bn 4.20 Bn 480.00 Mn -11.11%
7 Waystar Holding 4.48 Bn 4.41 Bn 216.84 Mn 25.64%
8 Doximity 3.97 Bn 3.22 Bn 125.97 Mn 17.08%
9 Privia Health 3.13 Bn 2.71 Bn - 1.23%
10 Healthstream 814.45 Mn 747.95 Mn 53.45 Mn 9.25%

Historic Data

Download Data
DateValue
Mar 31, 2026 9.25%
Dec 31, 2025 3.02%
Sep 30, 2025 9.89%
Jun 30, 2025 7.91%
Mar 31, 2025 5.96%
Dec 31, 2024 6.32%
Sep 30, 2024 8.89%
Jun 30, 2024 6.16%
Mar 31, 2024 7.82%
Dec 31, 2023 6.03%
Sep 30, 2023 6.91%
Jun 30, 2023 5.79%
Mar 31, 2023 4.19%
Dec 31, 2022 4.49%
Sep 30, 2022 3.54%
Jun 30, 2022 4.50%
Mar 31, 2022 6.17%
Dec 31, 2021 -0.71%
Sep 30, 2021 2.79%
Jun 30, 2021 5.29%