Healthcare Triangle Ratios (2020-2025) | HCTI

Ratios Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Profitability
Gross Margin 27.20%26.73%27.41%33.29%33.75%24.70%26.18%27.26%28.69%16.06%16.19%22.84%21.94%21.67%24.68%30.09%29.92%11.69%8.88%13.88%17.71%
EBT Margin 2.58%21.76%-10.20%3.03%-24.65%-37.28%-18.00%-3.49%-19.26%-81.08%-33.13%-20.89%-24.93%-23.68%-45.32%-50.57%-51.68%-61.37%-45.90%-38.45%-54.63%
EBIT Margin 2.60%5.54%-9.00%4.67%-21.91%-36.34%-17.85%-12.37%-18.80%-94.48%-32.62%-18.71%-19.59%-19.36%-41.69%-46.18%-48.36%-22.74%-37.74%-38.20%-74.26%
EBITDA Margin 2.60%5.54%-8.95%4.68%-21.90%-36.18%-17.78%-12.36%-18.81%-94.25%-32.45%-18.79%-19.55%-18.87%-41.42%-45.88%-51.76%-39.82%-37.42%-38.19%-54.46%
Operating Margin 2.60%5.54%-9.00%4.67%-21.91%-36.34%-17.85%-12.37%-18.80%-94.48%-32.62%-18.71%-19.59%-19.36%-41.69%-46.18%-48.36%-22.74%-37.74%-38.20%-74.26%
Net Margin 1.89%20.86%-10.24%3.02%-24.66%-37.50%-18.19%-3.49%-19.57%-85.04%-33.32%-20.95%-24.98%-23.78%-45.32%-50.60%51.76%-61.55%-45.90%-38.45%54.63%
FCF Margin 14.09%-25.88%-14.21%-4.98%-35.51%2.99%2.15%-8.18%-44.23%-16.33%-13.43%-0.06%8.41%-1.22%-31.33%29.63%-37.03%-150.03%-74.06%-42.99%
Efficiency
Assets Average 18.00M23.44M22.33M23.63M19.06M16.06M17.46M15.27M10.66M6.87M6.45M5.39M3.36M6.87M13.18M14.20M
Equity Average 3.39M9.42M15.32M14.30M15.84M11.81M7.67M8.68M7.09M3.33M0.01M-0.58M-1.23M-3.47M1.73M9.39M9.47M
Invested Capital 2.45M4.33M2.71M18.34M14.50M17.32M20.03M8.72M12.25M11.58M9.61M4.33M1.28M1.08M-0.74M-2.46M9.35M10.62M10.26M
Asset Utilization Ratio 1.961.641.791.852.412.782.382.453.114.003.403.073.481.640.900.91
Leverage & Solvency
Interest Coverage Ratio 164.789.27-7.542.86-8.02-38.43-123.38-24.71
Debt to Equity 0.140.230.140.440.320.440.577.22-3.51-2.67-0.60-0.520.090.040.18
Debt Ratio 0.090.140.100.200.160.220.240.570.260.290.231.350.070.030.11
Equity Ratio 0.390.240.660.650.630.710.460.490.500.420.08-0.07-0.11-0.38-2.610.730.700.63
Times Interest Earned 164.789.27-7.542.86-8.02-38.43-123.38-24.71
Valuation
Enterprise Value -0.17M-1.40M-1.15M-1.77M-1.56M-1.36M-4.14M-1.34M-0.27M-0.13M-0.07M-1.23M-0.30M-0.03M-0.03M-0.02M-6.83M-3.23M-1.65M
Return Ratios
Return on Sales 0.02%0.21%-0.11%0.03%-0.25%-0.37%-0.18%-0.03%-0.20%-0.85%-0.33%-0.21%-0.25%-0.24%-0.45%-0.51%-0.52%-0.62%-0.46%-0.38%-0.55%
Return on Capital Employed -0.46%-0.37%-0.52%-0.48%-1.31%-2.01%-1.52%-2.02%-3.07%-7.13%-21.40%8.15%1.48%-1.21%-0.44%-0.57%
Return on Invested Capital -0.51%-0.41%-0.54%-0.49%-1.18%-1.73%-1.53%-1.65%-1.11%-2.22%-5.07%-32.78%2.98%
Return on Assets -0.33%-0.30%-0.35%-0.35%-0.75%-0.97%-0.97%-1.09%-0.81%-1.06%-1.09%-1.17%-1.78%-0.84%-0.43%-0.45%
Return on Equity -0.64%-0.47%-0.55%-0.52%-1.22%-2.04%-1.96%-2.34%-2.61%-538.89%12.10%5.12%1.72%-3.35%-0.60%-0.67%