HealthEquity, Inc. (HQY) vs Heartflow, Inc. (HTFL)

HealthEquity, Inc. and Heartflow, Inc. are both Health Information Services companies. HealthEquity, Inc. is the larger, with a market value of $7.3B against $4.2B — 1.7× the size. Heartflow, Inc. has negative trailing earnings, so its P/E is not meaningful; HealthEquity, Inc. trades at 31.6×. Heartflow, Inc. grew revenue faster over the last twelve months: 42.8% against 7.34%. HealthEquity, Inc. has the higher net margin (17.4% vs −55.8%) and the higher return on invested capital (8.24% vs −42.8%). Across the 17 metrics below, HealthEquity, Inc. leads on 12 and Heartflow, Inc. on 5.

Valuation

Metric HQY HTFL Health Information Services median
P/E 31.63 n/m 39.52
P/S 5.40 20.03 2.65
P/B 3.70 15.19 2.32
Price to free cash flow 16.85 n/m 16.77
EV/EBITDA 15.77 n/m 12.35
EV/Sales 5.90 20.13 3.06
Earnings yield 3.16% (3.72%) (1.68%)
Free cash flow yield 5.93% (1.39%) 0.54%

Profitability

Metric HQY HTFL Health Information Services median
Gross margin 71.25% 80.08% 63.38%
Operating margin 25.80% (37.84%) (8.35%)
Net margin 17.36% (55.82%) (14.70%)
Free cash flow margin 32.08% (27.91%) 0.58%
Return on equity 11.43% 38.49% (6.82%)
Return on assets 7.07% (46.99%) (6.02%)
Return on invested capital 8.24% (42.81%) 0.00%

Growth

Metric HQY HTFL Health Information Services median
Revenue growth (TTM) 7.34% 42.77% 8.62%
EPS growth (last fiscal year) 125.69% 82.37% —
Revenue growth, 5-year CAGR 12.36% — 12.36%
Net income growth, 5-year CAGR 89.38% — 0.00%

Health

Metric HQY HTFL Health Information Services median
Debt to equity 0.47 0.00 0.01
Current ratio 2.99 5.08 2.37
Net debt to EBITDA 1.34 3.41 0.50

Dividend

Metric HQY HTFL Health Information Services median
Dividend yield — — 0.85%
Payout ratio 0.00 — 0.00

Size

Metric HQY HTFL Health Information Services median
Market cap 7.33b 4.23b 352.86m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack