HQY (HQY)

Financial Metrics & Valuation Analysis

Enterprise Valuation (TTM)

Enterprise Value$9.13B
EV / Sales6.83
EV / EBITDA19.91
EV / Operating Cash Flow18.64
EV / Free Cash Flow18.72

Return Metrics (TTM)

Return on Equity (ROE)10.94%
Return on Assets (ROA)6.98%
Return on Invested Capital (ROIC)8.28%
Return on Capital Employed (ROCE)10.76%

Yield Metrics

Earnings Yield2.72%
Free Cash Flow Yield5.80%

Balance Sheet Strength

Net Debt / EBITDA1.57
Current Ratio3.44
Working Capital$330.79M
Tangible Asset Value-$673.79M
Net Current Asset Value-$792.26M

Working Capital Efficiency

Days Sales Outstanding33.30
Days Payables Outstanding14.21
Operating Cycle (Days)33.30
Cash Conversion Cycle19.09

Capital Allocation

CapEx / Revenue0.17%
CapEx / Operating Cash Flow0.46%
R&D / Revenue20.10%
SG&A / Revenue25.02%

Fiscal Year 2026 Ratios

Audited annual results as of 2026-01-31

Margins

Gross Profit Margin69.52%
Operating Margin24.55%
Net Profit Margin16.38%

Solvency

Debt / Equity0.48
Quick Ratio3.27
Cash Ratio2.03

Per Share

Revenue / Share$15.25
FCF / Share$5.28
PE Ratio34.27