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| Date | Value |
|---|---|
| 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% |