Friday 6 November 2026 Export HQY’s income statement to Excel — free account

HealthEquity, Inc.

HQY Healthcare Health Information Services

HealthEquity, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $1.3 billion, up 9.47% from fiscal 2025.

Revenue: +7.64%
EPS: +14.5%
Free cash flow: −3.44%
Total debt: −7.53%

Quarter to July 2026, against a year earlier

103.48 0.02 +0.02%

Follow HQY

Alert me

Market cap: $8.6B
P/E: 36.9×
Fwd P/E: 34.8×
Dividend yield: —
F-score: 9/9
Altman Z: 4.39
Beneish M: −2.77
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

HealthEquity, Inc. (HQY) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, HealthEquity, Inc. (HQY) trades at a price to free cash flow of 19.7×. Over the past ten years it has ranged from 0.0× (April 2025) to 1,521× (April 2022); the current reading is higher than 18% of that period. That is above the Health Information Services industry median of 16.7× and below the Healthcare sector median of 21.1×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/HQY/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="HealthEquity, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/HQY/metrics/price-to-free-cash-flow">HealthEquity, Inc. (HQY) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2026	18.4×	—
FY2025	0.0×	—
FY2024	32.9×	(79.84%)
FY2023	163×	(85.64%)
FY2022	1,135×	1,443.69%
FY2021	73.5×	4.51%
FY2020	70.4×	79.55%
FY2019	39.2×	(37.98%)
FY2018	63.2×	(23.29%)
FY2017	82.4×	17.89%

Period	Price to free cash flow	Change
Jul 2026	19.2×	22.33%
Apr 2026	15.7×	(14.50%)
Jan 2026	18.4×	(18.10%)
Oct 2025	22.4×	(16.35%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 1,521×

Ten-year median 64.1×

Current reading's percentile 18

Company	Price to free cash flow
TEM Tempus AI, Inc. compare	n/m
HTFL Heartflow, Inc. compare	n/m
SDGR Schrodinger, Inc. compare	n/m
HQY HealthEquity, Inc.	19.7×
DOCS Doximity, Inc. compare	20.1×
WAY Waystar Holding Corp. compare	20.9×
BTSG BrightSpring Health Services, Inc. compare	27.7×
PRVA Privia Health Group, Inc. compare	28.2×
HNGE Hinge Health Inc. compare	32.3×
Health Information Services industry median	16.7×
Healthcare sector median	21.1×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

HealthEquity, Inc. (HQY) Price to free cash flow

Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on HQY

Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on HQY

Stockrow Weekly