Healthequity Inc
Research Healthequity Inc (HQY) on Bullrun: valuation model: 3.7% overvalued, market cap USD 8.81B, P/E 39.5. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerHQY
- ExchangeNASDAQ
- CountryUnited States
- SectorHealthcare
- IndustryHealth Information Services
- CurrencyUSD
- Valuation signal3.7% overvalued
- Market capUSD 8.81B
- P/E39.5
- Financial periodFY2026
- RevenueUSD 1.31B
- Revenue growth9.5%
- Net incomeUSD 215.20M
- Free cash flowUSD 455.13M
- Gross margin69.5%
Valuation Snapshot
Bullrun's latest valuation model marks Healthequity Inc as 3.7% overvalued; latest market cap is USD 8.81B; P/E is 39.5.
Peer valuation comparison
Latest P/E is 39.48x versus a Healthcare sector median of 24.46x (61.4% above).
Latest P/E is 39.48x versus a United States median of 24.87x (58.8% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2026 | USD 1.31B | USD 215.20M | USD 455.13M | 69.5% | 2.46 | USD 318.93M | USD 957.38M | USD 2.11B |
| FY2025 | USD 1.20B | USD 96.70M | USD 337.77M | 64.8% | 1.09 | USD 295.95M | USD 1.06B | USD 2.11B |
| FY2024 | USD 999.59M | USD 55.71M | USD 241.13M | 62.3% | 0.64 | USD 403.98M | USD 874.97M | USD 2.04B |
| FY2023 | USD 861.75M | -USD 26.14M | USD 147.28M | 57.1% | -0.31 | USD 254.27M | USD 925.34M | USD 1.90B |
| FY2022 | USD 756.56M | -USD 44.29M | USD 132.09M | 56.1% | -0.53 | USD 225.41M | USD 930.83M | USD 1.85B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 8.81B | 39.5 | n/a | n/a |
| 2025 | 2025-12-31 | USD 7.83B | 42.0 | n/a | n/a |
| 2024 | 2024-12-31 | USD 8.32B | 87.2 | n/a | n/a |
| 2023 | 2023-12-29 | USD 5.69B | 195.0 | n/a | n/a |
| 2022 | 2022-12-30 | USD 5.22B | n/a | n/a | n/a |
| 2021 | 2021-12-31 | USD 3.70B | n/a | n/a | n/a |
About Healthequity Inc
HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. It offers health savings accounts (HAS); investment platform; online-only automated investment advisory services through Advisor, a Web-based tool. The company also provides flexible spending accounts (FSA) for health and dependent care; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs.
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Frequently asked questions
Is Healthequity Inc overvalued or undervalued?
Bullrun's valuation model currently marks Healthequity Inc as 3.7% overvalued.
What is Healthequity Inc's market cap?
Healthequity Inc's market capitalization is USD 8.81B.
What is Healthequity Inc's P/E ratio?
Healthequity Inc's price-to-earnings (P/E) ratio is 39.5.
What does Healthequity Inc do?
HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. It offers health savings accounts (HAS); investment platform; online-only automated investment advisory services through Advisor, a Web-based tool. The company also provides flexible spending accounts (FSA) for health and dependent care; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs.