BrightSpring Health Services, Inc. (BTSG) vs HealthEquity, Inc. (HQY)

BrightSpring Health Services, Inc. and HealthEquity, Inc. are both Health Information Services companies. BrightSpring Health Services, Inc. is the larger, with a market value of $12.3B against $7.7B — 1.6× the size. HealthEquity, Inc. trades at the lower P/E: 33.0× against 34.0×. BrightSpring Health Services, Inc. grew revenue faster over the last twelve months: 26.4% against 7.34%. HealthEquity, Inc. has the higher net margin (17.4% vs 2.55%) and the higher return on invested capital (8.24% vs 7.56%). Across the 20 metrics below, HealthEquity, Inc. leads on 15 and BrightSpring Health Services, Inc. on 5.

Valuation

Metric BTSG HQY Health Information Services median
P/E 34.01 32.99 39.82
P/S 0.87 5.63 2.24
P/B 6.12 3.86 1.79
Price to free cash flow 31.17 17.57 19.04
EV/EBITDA 22.89 16.40 11.52
EV/Sales 0.99 6.14 2.64
Earnings yield 2.94% 3.03% (2.45%)
Free cash flow yield 3.21% 5.69% 0.00%

Profitability

Metric BTSG HQY Health Information Services median
Gross margin 12.38% 71.25% 62.87%
Operating margin 3.12% 25.80% (9.45%)
Net margin 2.55% 17.36% (15.48%)
Free cash flow margin 2.80% 32.08% 0.00%
Return on equity 19.31% 11.43% (6.91%)
Return on assets 6.14% 7.07% (6.28%)
Return on invested capital 7.56% 8.24% 0.00%

Growth

Metric BTSG HQY Health Information Services median
Revenue growth (TTM) 26.35% 7.34% 8.78%
EPS growth (last fiscal year) 1,066.67% 125.69% 57.06%
Revenue growth, 5-year CAGR — 12.36% 11.91%
Net income growth, 5-year CAGR — 89.38% 0.00%

Health

Metric BTSG HQY Health Information Services median
Debt to equity 1.08 0.47 0.00
Current ratio 1.59 2.99 2.31
Net debt to EBITDA 5.17 1.34 0.48

Dividend

Metric BTSG HQY Health Information Services median
Dividend yield — — —
Payout ratio — — —

Size

Metric BTSG HQY Health Information Services median
Market cap 12.34b 7.65b 332.37m

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