Healthstream (HSTM) Operating Margin (2010 - 2026)
Healthstream (HSTM) reported Operating Margin of 9.25% for Q1 2026, up 329.0% year-over-year from 2.16% in Q1 2025, and up 206.73% on a QoQ basis from 3.02% in Q4 2025.
Healthstream (HSTM) has 17 years of Operating Margin data on file, last reported at 9.25% in Q1 2026.
- Quarterly Operating Margin rose 329.0% year-over-year to 9.25% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 7.5% (up 617.0% YoY) and the FY2025 annual result came in at 6.66%, up 488.0% from the prior year.
- Operating Margin grew to 9.25% in Q1 2026 per HSTM's latest filing, from 3.02% in the prior quarter.
- Across five years, Operating Margin topped out at 9.89% in Q3 2025 and bottomed at 15.37% in Q4 2024.
- The 5-year median for Operating Margin is 5.96% (2025), against an average of 4.0%.
- The widest annual swing landed in 2023, when Operating Margin plunged 1565 bps; it then jumped 1839 bps in 2025.
- Tracing HSTM's Operating Margin over 5 years: stood at 4.49% in 2022, then tumbled by 349 bps to 11.16% in 2023, then tumbled by 38 bps to 15.37% in 2024, then surged by 120 bps to 3.02% in 2025, then soared by 207 bps to 9.25% in 2026.
- Per Business Quant, the three latest HSTM Operating Margin figures stand at 9.25% (Q1 2026), 3.02% (Q4 2025), and 9.89% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 29.41% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 17.59% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 17.08% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 25.64% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -11.30% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 1.23% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 5.44% |
| 10 | Healthstream | 752.32 Mn | 685.82 Mn | 68.24 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 | -15.37% |
| Sep 30, 2024 | 8.89% |
| Jun 30, 2024 | 6.16% |
| Mar 31, 2024 | 7.82% |
| Dec 31, 2023 | -11.16% |
| 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 | -10.70% |
| Sep 30, 2021 | 2.79% |
| Jun 30, 2021 | 5.29% |
| Mar 31, 2021 | 5.20% |
| Dec 31, 2020 | -17.69% |
| Sep 30, 2020 | 5.15% |
| Jun 30, 2020 | 7.11% |
| Mar 31, 2020 | 11.77% |
| Dec 31, 2019 | 5.32% |
| Sep 30, 2019 | 6.00% |
| Jun 30, 2019 | 3.56% |
| Mar 31, 2019 | 8.24% |
| Dec 31, 2018 | 4.74% |
| Sep 30, 2018 | 7.78% |
| Jun 30, 2018 | 7.48% |
| Mar 31, 2018 | 6.80% |
| Dec 31, 2017 | -7.87% |
| Sep 30, 2017 | 4.99% |
| Jun 30, 2017 | 5.29% |
| Mar 31, 2017 | 4.55% |
| Dec 31, 2016 | 4.35% |
| Sep 30, 2016 | 2.20% |
| Jun 30, 2016 | 4.23% |
| Mar 31, 2016 | 4.60% |
| Dec 31, 2015 | 3.36% |
| Sep 30, 2015 | 8.03% |
| Jun 30, 2015 | 4.92% |
| Mar 31, 2015 | 10.16% |
| Dec 31, 2014 | 9.32% |
| Sep 30, 2014 | 10.65% |
| Jun 30, 2014 | 9.68% |
| Mar 31, 2014 | 8.60% |
| Dec 31, 2013 | 9.47% |
| Sep 30, 2013 | 11.52% |
| Jun 30, 2013 | 12.86% |
| Mar 31, 2013 | 10.70% |
| Dec 31, 2012 | -19.26% |
| Sep 30, 2012 | 14.14% |
| Jun 30, 2012 | 15.64% |
| Mar 31, 2012 | 9.89% |
| Dec 31, 2011 | 13.62% |
| Sep 30, 2011 | 13.07% |
| Jun 30, 2011 | 14.75% |
| Mar 31, 2011 | 13.82% |
| Dec 31, 2010 | 9.13% |
| Sep 30, 2010 | 10.17% |
| Jun 30, 2010 | 14.09% |