HQY HealthEquity, Inc. - Common Stock
NASDAQ · Health Care · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 27, 2026
$90.04
· of 52w range
· above low
· to high
$72.9052w low
$107.6252w high
Market Cap (MRQ)
$7.47B
P/E (TTM)
32.5
EPS (TTM)
$2.77
Revenue (TTM)
$1.36B
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52W Range
$73–$108
Analyst Rating
BUY
Price Target
$119
P/E
32.5
ROE
11.4%
Net Profit Margin
17.4%
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HQY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$90.04
Market Cap (MRQ)
$7.47B
P/E (TTM)
32.5
EPS (TTM)
$2.77
Revenue (TTM)
$1.36B
ROE (TTM)
11.4%
Debt/Equity (MRQ)
0.5
52W Range
$73–$108
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$1.31B2017-01-31 → 2026-01-31
EPS$2.462017-01-31 → 2026-01-31
Free Cash Flow$455M2017-01-31 → 2026-01-31
Net margin17.4%2017-01-31 → 2026-01-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | HQY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 32.55Y avg ≈-8.7 | ≈-8.7 | 36.3 | Fair value | |
| P/S (TTM) | 5.55Y avg ≈6.4 | ≈6.4 | 0.7 | Overvalued | |
| P/B (MRQ) | 3.85Y avg ≈3.2 | ≈3.2 | 3.9 | Overvalued | |
| EV / EBITDA | 17.45Y avg ≈30.8 | ≈30.8 | 16.1 | Fair value | |
| Price / FCF (TTM) | 15.35Y avg ≈28.0 | ≈28.0 | · | · | |
| Price / Cash Flow (TTM) | 15.25Y avg ≈27.3 | ≈27.3 | 15.6 | Fair value | |
| EV / Revenue | 6.35Y avg ≈7.0 | ≈7.0 | · | · | |
| EV / FCF | 18.25Y avg ≈31.1 | ≈31.1 | · | · | |
| Price / Tangible Book (MRQ) | 7.9 | · | · | · | |
| PEG Ratio | ≈0.4 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | HQY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 71.2%5Y avg ≈61.9% | ≈61.9% | 25.0% | Top tier | |
| Operating Margin (TTM) | 25.8%5Y avg ≈9.5% | ≈9.5% | 3.5% | Top tier | |
| EBITDA Margin (TTM) | 37.4%5Y avg ≈25.0% | ≈25.0% | 3.7% | Top tier | |
| Pretax Margin (TTM) | 22.7%5Y avg ≈5.0% | ≈5.0% | 2.8% | Top tier | |
| Net Profit Margin (TTM) | 17.4%5Y avg ≈4.2% | ≈4.2% | 2.9% | Top tier | |
| ROA (TTM) | 7.1%5Y avg ≈1.7% | ≈1.7% | 3.0% | Top tier | |
| ROE (TTM) | 11.4%5Y avg ≈2.7% | ≈2.7% | 10.1% | In line | |
| ROIC | 8.2%5Y avg ≈3.0% | ≈3.0% | 8.0% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | HQY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.55Y avg ≈0.5 | ≈0.5 | 0.7 | Low debt | |
| Current Ratio (MRQ) | 3.05Y avg ≈3.3 | ≈3.3 | 1.7 | Strong liquidity | |
| Quick Ratio | 2.85Y avg ≈2.9 | ≈2.9 | 1.3 | Strong liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.55Y avg ≈0.5 | ≈0.5 | 0.7 | Low debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | HQY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 9.5%5Y avg ≈12.5% | ≈12.5% | · | · | |
| Revenue CAGR 3Y | 15.1%5Y avg ≈14.2% | ≈14.2% | · | · | |
| Revenue CAGR 5Y | 12.4% | · | · | · | |
| EPS YoY | 125.7% | · | · | · | |
| Net Income YoY | 122.5% | · | · | · | |
| EPS CAGR 3Y | 74.7% | · | · | · | |
| EPS CAGR 5Y | 83.0% | · | · | · | |
| Net Income CAGR 3Y | 84.8% | · | · | · | |
| Net Income CAGR 5Y | 89.4% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | HQY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.45Y avg ≈0.3 | ≈0.3 | 2.4 | Weak | |
| Receivables Turnover | 10.95Y avg ≈10.1 | ≈10.1 | 16.3 | Weak | |
| Revenue / Employee | ≈$466.7K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Beat Rate
100.0%
Avg Surprise
9.0%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2027 | Aug 27, 2026 | $1.24 | $1.20 | 2.9% |
| March 31, 2027 | May 28, 2026 | $1.24 | $1.13 | 10.1% |
| Sept. 30, 2026 | $1.24 | $1.20 | 2.9% | |
| June 30, 2026 | $1.24 | $1.13 | 10.1% | |
| March 31, 2026 | $0.95 | $0.91 | 4.5% | |
| Dec. 31, 2025 | $1.01 | $0.94 | 7.7% | |
| Sept. 30, 2025 | $1.08 | $0.93 | 16.2% | |
| June 30, 2025 | $0.97 | $0.82 | 17.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.20B | $1000M | $862M | $757M | $734M | $532M | $287M | $230M | $178M | $127M | $88M | |
| Cost of Revenue | $400M | $423M | $377M | $370M | $332M | $318M | $206M | $106M | $95M | $72M | $54M | $40M | |
| Gross Profit | $913M | $777M | $623M | $492M | $425M | $415M | $326M | $181M | $135M | $106M | $73M | $48M | |
| R&D Expense | $263M | $240M | $219M | $193M | $157M | $125M | $78M | $35M | $27M | $22M | $17M | $11M | |
| SG&A Expense | $120M | $132M | $104M | $97M | $85M | $84M | $61M | $33M | $25M | $20M | $14M | $8M | |
| Operating Expenses | $591M | $615M | $505M | $483M | $449M | $381M | $249M | $104M | $80M | $65M | $46M | $31M | |
| Operating Income | $322M | $162M | $118M | $9M | $-24M | $34M | $77M | $78M | $54M | $41M | $26M | $17M | |
| Interest Expense | · | · | $55M | $48M | $37M | $35M | $25M | $270.0K | $274.0K | · | · | $0 | |
| Other Non-op | $12M | $14M | $13M | $1M | $-6M | $5M | $-9M | $-2M | $-2M | $-1M | $-589.0K | $-1M | |
| Pretax Income | $277M | $116M | $75M | $-38M | $-67M | $4M | $43M | $76M | $52M | $40M | $26M | $16M | |
| Income Tax | $62M | $19M | $19M | $-12M | $-22M | $-5M | $3M | $2M | $5M | $14M | $9M | $6M | |
| Net Income | $215M | $97M | $56M | $-26M | $-44M | $9M | $40M | $74M | $47M | $26M | $17M | $10M | |
| EPS (Basic) | $2.50 | $1.11 | $0.65 | $-0.31 | $-0.53 | $0.12 | $0.59 | $1.20 | $0.79 | $0.45 | $0.29 | $0.39 | |
| EPS (Diluted) | $2.46 | $1.09 | $0.64 | $-0.31 | $-0.53 | $0.12 | $0.58 | $1.17 | $0.77 | $0.44 | $0.28 | $0.21 | |
| Shares (Basic) | 86,132,000 | 86,870,000 | 85,564,000 | 84,442,000 | 83,133,000 | 74,235,000 | 67,026,000 | 61,836,000 | 60,304,000 | 58,615,000 | 56,719,000 | 31,181,000 | |
| Shares (Diluted) | 87,473,000 | 88,828,000 | 86,957,000 | 84,442,000 | 83,133,000 | 75,679,000 | 68,453,000 | 63,370,000 | 61,854,000 | 59,894,000 | 58,863,000 | 51,856,000 | |
| EBITDA | $477M | $325M | $271M | $170M | $113M | $150M | $132M | $96M | $70M | $54M | $35M | $23M |
Balance Sheet
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $319M | $296M | $404M | $254M | $225M | $329M | $192M | $361M | $199M | $140M | $84M | $111M | |
| Receivables | $124M | $118M | $105M | $97M | $87M | $73M | $71M | $26M | $22M | $17M | $14M | $9M | |
| Inventory | · | · | · | · | · | · | · | · | $215.0K | $592.0K | $620.0K | $625.0K | |
| Prepaid Expense | $70M | $64M | · | · | · | · | · | · | · | $3M | $2M | $2M | |
| Other Current Assets | · | $64M | $49M | $32M | $38M | $59M | $35M | $8M | $4M | $3M | $2M | $2M | |
| Current Assets | $512M | $478M | $557M | $383M | $351M | $460M | $297M | $395M | $265M | $201M | $143M | $125M | |
| PP&E (Net) | $3M | $3M | $6M | $13M | $23M | $29M | $33M | $8M | $8M | $5M | $4M | $3M | |
| PP&E (Gross) | $40M | $40M | $47M | $55M | $59M | $60M | $49M | $17M | $15M | $11M | $8M | $6M | |
| Accum. Depreciation | $37M | $37M | $41M | $42M | $36M | $31M | $16M | $9M | $7M | $6M | $5M | $3M | |
| Goodwill | $1.65B | $1.65B | $1.65B | $1.65B | $1.65B | $1.33B | $1.33B | $5M | $5M | $5M | $5M | $5M | |
| Intangibles | $1.10B | $1.20B | $836M | $936M | $973M | $767M | $783M | $80M | $84M | $65M | $67M | $27M | |
| Other Non-current Assets | $83M | $72M | $68M | $52M | $50M | $37M | $35M | $21M | $2M | $2M | $2M | $281.0K | |
| Total Assets | $3.38B | $3.45B | $3.16B | $3.09B | $3.11B | $2.71B | $2.56B | $510M | $369M | $279M | $220M | $159M | |
| Accounts Payable | $12M | $14M | $12M | $14M | $28M | $2M | $4M | $4M | $2M | $3M | $2M | $1M | |
| Accrued Liabilities | $74M | $63M | $46M | $44M | $58M | $76M | $46M | $9M | $6M | $4M | $2M | $2M | |
| Current Liabilities | $157M | $156M | $117M | $131M | $153M | $205M | $152M | $29M | $20M | $16M | $12M | $9M | |
| Capital Leases | $34M | $42M | $49M | $59M | $65M | $74M | $68M | · | · | · | · | · | |
| Deferred Tax | $94M | $56M | $69M | $83M | $100M | $120M | $130M | $916.0K | $0 | $37.0K | $4M | $5M | |
| Other Non-current Liabilities | $31M | $23M | $19M | $13M | $14M | $9M | $3M | $3M | $2M | · | · | · | |
| Total Liabilities | $1.27B | $1.33B | $1.13B | $1.19B | $1.25B | $1.33B | $1.53B | $33M | $23M | $17M | $16M | $15M | |
| Long-term Debt | $957M | $1.06B | $875M | $925M | $931M | $987M | $1.22B | $0 | · | · | · | · | |
| Total Debt | $957M | $1.06B | $875M | $925M | $931M | $987M | $1.22B | · | · | · | · | · | |
| Common Stock | $8.0K | $9.0K | $9.0K | $8.0K | $8.0K | $8.0K | $7.0K | $6.0K | $6.0K | $6.0K | $6.0K | $5.0K | |
| Paid-in Capital | $1.92B | $1.91B | $1.83B | $1.75B | $1.68B | $1.16B | $819M | $305M | $261M | $232M | $200M | $157M | |
| Retained Earnings | $196M | $209M | $206M | $150M | $176M | $220M | $212M | $172M | $85M | $30M | $4M | $-13M | |
| AOCI | $-6M | $0 | · | · | · | · | · | $0 | $-269.0K | $-165.0K | $-98.0K | $0 | |
| Stockholders' Equity | $2.11B | $2.11B | $2.04B | $1.90B | $1.85B | $1.38B | $1.03B | $477M | $346M | $262M | $203M | $144M | |
| Liabilities + Equity | $3.38B | $3.45B | $3.16B | $3.09B | $3.11B | $2.71B | $2.56B | $510M | $369M | $279M | $220M | $159M | |
| Shares Outstanding | 85,007,000 | 86,536,000 | 86,127,000 | 84,758,000 | 83,780,000 | 77,168,000 | 71,051,000 | 62,446,000 | 60,825,000 | 59,538,000 | 57,726,000 | 54,802,000 |
Cash Flow
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $155M | $162M | $153M | $161M | $137M | $116M | $55M | $18M | $16M | $13M | $9M | $6M | |
| Stock-based Comp | $73M | $96M | $77M | $63M | $53M | $43M | $40M | $21M | $14M | $8M | $6M | $3M | |
| Deferred Tax | $40M | $-13M | $-14M | $-17M | $-23M | $-5M | $4M | $408.0K | $4M | $-3M | $-2M | $2M | |
| Amort. of Intangibles | $153M | $158M | $144M | $149M | $122M | $100M | $46M | $15M | $13M | $11M | $7M | $5M | |
| Other Non-cash | $-26M | $-3M | $-29M | $-30M | $19M | $19M | $-34M | $-127.0K | $-227.0K | $558.0K | $-2M | $-5M | |
| Operating Cash Flow | $457M | $340M | $243M | $151M | $141M | $182M | $105M | $113M | $82M | $46M | $27M | $15M | |
| CapEx | $2M | $2M | $2M | $3M | $9M | $13M | $7M | $4M | $5M | $4M | $2M | $2M | |
| Investing Cash Flow | $-47M | $-505M | $-46M | $-119M | $-639M | $-97M | $-1.74B | $26M | $-37M | $-13M | $-91M | $-8M | |
| Debt Issued | $0 | $737M | $0 | $0 | $950M | $0 | $1.25B | $0 | $0 | · | · | · | |
| Net Debt Issued | $-100M | $175M | $-54M | $-9M | $-53M | $-239M | $1.24B | · | · | · | · | · | |
| Stock Issued | · | · | $0 | $0 | $457M | $287M | $458M | $0 | $0 | · | · | · | |
| Stock Repurchased | $299M | $121M | $0 | $0 | · | · | · | · | · | · | · | · | |
| Net Stock Activity | $-299M | $-121M | $0 | $0 | $457M | $287M | $458M | · | · | · | · | · | |
| Dividends Paid | · | · | · | · | · | · | · | · | · | $0 | $0 | $50M | |
| Financing Cash Flow | $-387M | $58M | $-47M | $-3M | $395M | $52M | $1.47B | $23M | $15M | $24M | $37M | $90M | |
| Net Change in Cash | $23M | $-108M | $150M | $29M | $-103M | $137M | $-170M | $162M | $60M | $56M | $-27M | $97M | |
| Taxes Paid | $8M | $26M | $35M | $2M | $-6M | $-6M | $9M | $587.0K | $27.0K | $863.0K | $1M | $-2M | |
| Free Cash Flow | $455M | $338M | $241M | $147M | $132M | $169M | $98M | $110M | $76M | $42M | $24M | $13M | |
| Levered FCF | · | · | $200M | $114M | $108M | $94M | $75M | · | · | · | · | $13M |
Profitability
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.5% | 64.8% | 62.3% | 56.9% | 56.0% | 56.6% | 61.3% | 63.1% | 58.8% | 59.6% | 57.3% | 54.6% | |
| Operating Margin | 24.6% | 13.5% | 11.8% | 1.1% | -3.2% | 4.6% | 14.5% | 27.0% | 23.7% | 23.1% | 20.6% | 19.2% | |
| Net Margin | 16.4% | 8.1% | 5.6% | -3.0% | -5.9% | 1.2% | 7.5% | 25.7% | 20.6% | 14.8% | 13.1% | 11.6% | |
| Pretax Margin | 21.1% | 9.7% | 7.5% | -4.4% | -8.8% | 0.56% | 8.1% | 26.4% | 22.7% | 22.5% | 20.2% | 17.9% | |
| EBITDA Margin | 36.3% | 27.1% | 27.1% | 19.8% | 14.9% | 20.4% | 24.9% | 33.4% | 30.7% | 30.5% | 27.4% | 25.9% | |
| ROA | 6.3% | 2.9% | 1.8% | -0.84% | -1.5% | 0.33% | 2.6% | 16.8% | 14.6% | 10.6% | 8.8% | 9.5% | |
| ROE | 10.1% | 4.6% | 2.8% | -1.4% | -2.4% | 0.65% | 3.9% | 15.8% | 15.6% | 11.3% | 9.6% | 15.5% | |
| ROIC | 8.2% | 4.3% | 3.0% | 0.22% | -0.58% | 3.1% | 3.1% | 15.9% | 14.3% | 10.3% | 8.3% | 7.5% |
Liquidity & Solvency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.3 | 3.1 | 4.8 | 2.9 | 2.3 | 2.2 | 2.0 | 13.6 | 13.0 | 12.8 | 11.8 | 14.1 | |
| Quick Ratio | 2.8 | 2.6 | 4.3 | 2.7 | 2.0 | 2.0 | 1.7 | 13.3 | 10.8 | 10.0 | 8.1 | 13.6 | |
| Debt / Equity | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.7 | 1.2 | · | · | · | · | · | |
| LT Debt / Equity | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.7 | 1.1 | · | · | · | · | · | |
| Interest Coverage | · | · | 2.1 | 0.2 | -0.7 | 1.0 | 3.1 | · | · | · | · | · |
Efficiency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | |
| Inventory Turnover | · | · | · | · | · | · | · | · | 234.5 | 118.8 | 87.0 | 78.5 | |
| Receivables Turnover | 10.9 | 10.8 | 9.9 | 9.4 | 9.4 | 10.2 | 11.0 | 12.2 | 11.9 | 11.4 | 10.9 | 11.9 |
Per Share
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $24.79 | $24.44 | $23.63 | $22.37 | $22.11 | $17.87 | $14.50 | $7.64 | $5.69 | $4.40 | $3.52 | $20.47 | |
| Revenue / Share | $15.02 | $13.51 | $11.50 | $10.21 | $9.10 | $9.69 | $7.77 | $4.53 | $3.71 | $2.98 | $2.15 | $1.69 | |
| Cash Flow / Share | $5.23 | $3.83 | $2.79 | $1.78 | $1.70 | $2.40 | $1.53 | $1.79 | $1.32 | $0.76 | $0.45 | $0.29 | |
| Cash / Share | $3.75 | $3.42 | $4.69 | $3.00 | $2.69 | $4.26 | $2.70 | $5.79 | $3.28 | $2.35 | $1.45 | $15.77 | |
| EPS (TTM) | $2.46 | $1.09 | $0.64 | $-0.31 | $-0.53 | $0.12 | $0.58 | $1.17 | $0.77 | $0.44 | $0.28 | $0.21 |
Growth Rates
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 9.5% | 20.0% | 16.0% | 13.9% | 3.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 15.1% | 16.6% | 10.9% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 12.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 125.7% | 70.3% | · | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | · | 74.7% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 83.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 122.5% | 73.6% | · | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | · | 84.8% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 89.4% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.31B | $1.20B | $1000M | $862M | $757M | $734M | $532M | $287M | $230M | $178M | $127M | $88M | |
| Net Income TTM | $215M | $97M | $56M | $-26M | $-44M | $9M | $40M | $74M | $47M | $26M | $17M | $10M | |
| Market Cap | $7.12B | $9.56B | $6.51B | $5.16B | $4.48B | $6.45B | $4.69B | $3.89B | $3.08B | $2.75B | $1.24B | $146M | |
| Enterprise Value | $7.75B | $10.32B | $6.98B | $5.83B | $5.18B | $7.11B | $5.72B | · | · | · | · | · | |
| P/E | 34.0 | 101.3 | 118.1 | -196.3 | -100.8 | 696.2 | 113.9 | 53.3 | 65.7 | 105.1 | 77.0 | 98.9 | |
| P/S | 5.4 | 8.0 | 6.5 | 6.0 | 5.9 | 8.8 | 8.8 | 13.6 | 13.4 | 15.4 | 9.8 | 1.7 | |
| P/B | 3.4 | 4.5 | 3.2 | 2.7 | 2.4 | 4.7 | 4.6 | 8.2 | 8.9 | 10.5 | 6.1 | 1.0 | |
| P / Cash Flow | 15.6 | 28.1 | 26.8 | 34.2 | 31.8 | 35.5 | 44.7 | 34.3 | 37.7 | 60.4 | 46.9 | 9.7 | |
| P / FCF | 15.6 | 28.3 | 27.0 | 35.0 | 33.9 | 38.3 | 48.0 | 35.5 | 40.4 | 65.6 | 51.5 | 11.0 | |
| EV / EBITDA | 16.3 | 31.8 | 25.8 | 34.2 | 45.9 | 47.4 | 43.2 | · | · | · | · | · | |
| EV / FCF | 17.0 | 30.5 | 28.9 | 39.6 | 39.2 | 42.2 | 58.6 | · | · | · | · | · | |
| EV / Revenue | 5.9 | 8.6 | 7.0 | 6.8 | 6.9 | 9.7 | 10.8 | · | · | · | · | · | |
| Dividend Yield | · | · | · | · | · | · | · | · | · | 0.00% | 0.00% | 34.4% | |
| Earnings Yield | 2.9% | 0.99% | 0.85% | -0.51% | -0.99% | 0.14% | 0.88% | 1.9% | 1.5% | 0.95% | 1.3% | 1.0% | |
| Payout Ratio | · | · | · | · | · | · | · | · | · | 0.00% | 0.00% | 495.2% | |
| Annual Payout | · | · | · | · | · | · | · | · | · | $0 | $0 | $50M |
Income Statement
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $351M | $355M | $335M | $322M | $326M | $331M | $312M | $300M | $300M | $288M | $262M | $249M | $244M | $244M | $234M | $216M | |
| Cost of Revenue | $93M | $98M | $106M | $94M | $93M | $107M | $123M | $103M | $96M | $100M | $99M | $90M | $92M | $96M | $98M | $89M | |
| Gross Profit | $258M | $256M | $228M | $228M | $233M | $224M | $189M | $197M | $204M | $187M | $163M | $159M | $152M | $148M | $136M | $127M | |
| R&D Expense | $74M | $68M | $70M | $66M | $65M | $61M | $65M | $60M | $59M | $56M | $55M | $56M | $55M | $53M | $53M | $49M | |
| SG&A Expense | $35M | $31M | $34M | $31M | $30M | $26M | $30M | $32M | $32M | $38M | $23M | $27M | $28M | $26M | $23M | $25M | |
| Operating Expenses | $159M | $153M | $157M | $149M | $143M | $141M | $147M | $177M | $145M | $146M | $124M | $128M | $127M | $125M | $123M | $122M | |
| Operating Income | $99M | $103M | $71M | $79M | $90M | $83M | $42M | $20M | $59M | $42M | $39M | $31M | $25M | $23M | $13M | $6M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $12M | · | $14M | $13M | $15M | · | $12M | |
| Other Non-op | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $5M | $3M | $3M | $4M | $4M | $3M | $2M | $1M | $443.0K | |
| Pretax Income | $88M | $92M | $61M | $68M | $78M | $71M | $30M | $6M | $47M | $33M | $30M | $21M | $14M | $10M | $8.0K | $-6M | |
| Income Tax | $22M | $23M | $11M | $16M | $18M | $17M | $4M | $515.0K | $11M | $4M | $3M | $6M | $4M | $6M | $217.0K | $-5M | |
| Net Income | $66M | $69M | $50M | $52M | $60M | $54M | $26M | $6M | $36M | $29M | $26M | $15M | $11M | $4M | $-209.0K | $-2M | |
| EPS (Basic) | $0.79 | $0.82 | $0.59 | $0.60 | $0.69 | $0.62 | $0.30 | $0.07 | $0.41 | $0.33 | $0.31 | $0.17 | $0.12 | $0.05 | $0.00 | $-0.02 | |
| EPS (Diluted) | $0.78 | $0.82 | $0.58 | $0.59 | $0.68 | $0.61 | $0.30 | $0.06 | $0.40 | $0.33 | $0.30 | $0.17 | $0.12 | $0.05 | $0.00 | $-0.02 | |
| Shares (Basic) | 83,374,000 | 84,413,000 | · | 85,995,000 | 86,550,000 | 86,655,000 | · | 87,193,000 | 87,131,000 | 86,472,000 | · | 85,697,000 | 85,533,000 | 85,030,000 | · | 84,572,000 | |
| Shares (Diluted) | 84,014,000 | 85,006,000 | · | 86,970,000 | 87,746,000 | 88,415,000 | · | 88,634,000 | 88,646,000 | 88,324,000 | · | 87,122,000 | 86,341,000 | 86,102,000 | · | 84,572,000 | |
| EBITDA | $99M | $141M | · | $79M | $90M | $122M | · | $20M | $59M | $81M | · | $31M | $25M | $62M | · | $6M |
Balance Sheet
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $256M | $265M | $319M | $309M | $304M | $288M | $296M | $322M | $327M | $251M | · | $334M | $290M | $226M | · | $210M | |
| Receivables | $122M | $122M | $124M | $111M | $111M | $116M | $118M | $107M | $108M | $106M | · | $96M | $93M | $98M | · | $88M | |
| Prepaid Expense | $82M | $79M | $70M | $78M | $77M | $69M | $64M | · | · | · | · | · | · | · | · | · | |
| Other Current Assets | · | · | · | · | · | · | · | $66M | $60M | $47M | · | $44M | $40M | $34M | · | $34M | |
| Current Assets | $460M | $467M | $512M | $499M | $493M | $473M | $478M | $495M | $496M | $405M | · | $474M | $423M | $358M | · | $332M | |
| PP&E (Net) | $5M | $4M | $3M | $3M | $3M | $3M | $3M | $4M | $5M | $5M | · | $8M | $9M | $11M | · | $16M | |
| PP&E (Gross) | $43M | $42M | $40M | $40M | $40M | $39M | $40M | $44M | $45M | $46M | · | $54M | $54M | $54M | · | $57M | |
| Accum. Depreciation | $38M | $38M | $37M | $37M | $37M | $36M | $37M | $40M | $40M | $41M | · | $46M | $45M | $43M | · | $41M | |
| Goodwill | $1.65B | $1.65B | $1.65B | $1.65B | $1.65B | $1.65B | $1.65B | $1.65B | $1.65B | $1.65B | · | $1.65B | $1.65B | $1.65B | · | $1.65B | |
| Intangibles | $1.05B | $1.07B | $1.10B | $1.12B | $1.15B | $1.18B | $1.20B | $1.23B | $1.25B | $1.07B | · | $861M | $882M | $908M | · | $965M | |
| Other Non-current Assets | $78M | $80M | $83M | $85M | $80M | $71M | $72M | $68M | $65M | $69M | · | $52M | $53M | $53M | · | $48M | |
| Total Assets | $3.27B | $3.31B | $3.38B | $3.40B | $3.42B | $3.42B | $3.45B | $3.49B | $3.51B | $3.25B | · | $3.09B | $3.07B | $3.04B | · | $3.06B | |
| Accounts Payable | $9M | $14M | $12M | $20M | $10M | $13M | $14M | $10M | $11M | $18M | · | $13M | $13M | $13M | · | $16M | |
| Accrued Liabilities | $97M | $85M | $74M | $47M | $65M | $68M | $63M | $87M | $63M | $41M | · | $42M | $49M | $46M | · | $33M | |
| Current Liabilities | $154M | $136M | $157M | $121M | $117M | $116M | $156M | $155M | $121M | $92M | · | $96M | $103M | $90M | · | $110M | |
| Capital Leases | $30M | $32M | $34M | $36M | $38M | $40M | $42M | $44M | $46M | $48M | · | $51M | $52M | $59M | · | $61M | |
| Deferred Tax | $92M | $95M | $94M | $102M | $87M | $57M | $56M | $59M | $63M | $63M | · | $67M | $75M | $82M | · | $89M | |
| Other Non-current Liabilities | $74M | $53M | $31M | $24M | $22M | $22M | $23M | $25M | $25M | $19M | · | $18M | $13M | $13M | · | $10M | |
| Total Liabilities | $1.28B | $1.26B | $1.27B | $1.26B | $1.27B | $1.29B | $1.33B | $1.36B | $1.36B | $1.15B | · | $1.11B | $1.12B | $1.12B | · | $1.18B | |
| Long-term Debt | $931M | $943M | $957M | $982M | $1.01B | $1.06B | $1.06B | $1.08B | $1.10B | $926M | · | $874M | $874M | $873M | · | $927M | |
| Total Debt | $931M | $943M | · | $982M | $1.01B | $1.06B | · | $1.08B | $1.10B | $926M | · | $874M | $874M | $873M | · | $927M | |
| Common Stock | $8.0K | $8.0K | $8.0K | $9.0K | $9.0K | $9.0K | $9.0K | $9.0K | $9.0K | $9.0K | · | $9.0K | $9.0K | $9.0K | · | $8.0K | |
| Paid-in Capital | $1.90B | $1.90B | $1.92B | $1.92B | $1.92B | $1.91B | $1.91B | $1.89B | $1.89B | $1.86B | · | $1.81B | $1.79B | $1.76B | · | $1.73B | |
| Retained Earnings | $163M | $177M | $196M | $208M | $227M | $218M | $209M | $232M | $270M | $234M | · | $179M | $165M | $154M | · | $150M | |
| AOCI | $-69M | $-32M | $-6M | $9M | $203.0K | · | $0 | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $1.99B | $2.05B | $2.11B | $2.13B | $2.15B | $2.12B | $2.11B | $2.12B | $2.16B | $2.10B | $2.04B | $1.99B | $1.95B | $1.92B | $1.90B | $1.88B | |
| Liabilities + Equity | $3.27B | $3.31B | $3.38B | $3.40B | $3.42B | $3.42B | $3.45B | $3.49B | $3.51B | $3.25B | · | $3.09B | $3.07B | $3.04B | · | $3.06B | |
| Shares Outstanding | 82,909,000 | 83,927,000 | 85,007,000 | 85,615,000 | 86,421,000 | 86,714,000 | 86,536,000 | 86,823,000 | 87,324,000 | 87,010,000 | · | 85,800,000 | 85,612,000 | 85,470,000 | · | 84,636,000 |
Cash Flow
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $42M | $38M | $39M | $39M | $38M | $39M | $39M | $41M | $44M | $39M | $38M | $38M | $38M | $39M | $40M | $40M | |
| Stock-based Comp | $22M | $19M | $19M | $21M | $19M | $14M | $22M | $21M | $22M | $32M | $17M | $22M | $20M | $18M | $12M | $18M | |
| Amort. of Intangibles | $42M | $38M | $38M | $38M | $38M | $38M | $38M | $40M | $42M | $38M | $36M | $36M | $36M | $36M | $38M | $38M | |
| Other Non-cash | · | $-30M | · | · | · | $-42M | · | · | · | $-34M | · | · | · | $-30M | · | · | |
| Operating Cash Flow | $136M | $98M | $118M | $139M | $136M | $65M | $76M | $91M | $108M | $65M | $77M | $57M | $77M | $32M | $55M | $48M | |
| CapEx | $978.0K | $362.0K | $326.0K | $784.0K | $773.0K | $86.0K | $328.0K | $294.0K | $741.0K | $721.0K | $560.0K | $544.0K | $458.0K | $132.0K | $400.0K | $587.0K | |
| Investing Cash Flow | $-26M | $-14M | $-8M | $-11M | $-11M | $-16M | $-14M | $-13M | $-209M | $-270M | $-11M | $-15M | $-10M | $-9M | $-10M | $-14M | |
| Debt Issued | · | · | $0 | $0 | $0 | $0 | $0 | $512M | $175M | $50M | $0 | $0 | $0 | $0 | $0 | · | |
| Net Debt Issued | · | $-15M | · | · | · | $0 | · | · | · | $50M | · | · | · | $-54M | · | · | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Stock Repurchased | $108M | $123M | $81M | $92M | $67M | $59M | $63M | $59M | $0 | $0 | $0 | · | · | · | · | · | |
| Net Stock Activity | · | $-123M | · | · | · | $-59M | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-120M | $-137M | $-100M | $-122M | $-108M | $-57M | $-88M | $-82M | $177M | $52M | $4M | $2M | $-2M | $-51M | $-1M | $-1M | |
| Net Change in Cash | $-9M | $-54M | $10M | $5M | $17M | $-8M | $-26M | $-5M | $76M | $-153M | $70M | $44M | $65M | $-29M | $44M | $33M | |
| Taxes Paid | $36M | $-451.0K | $691.0K | $844.0K | $7M | $-46.0K | $2M | $10M | $13M | $277.0K | $11M | $10M | $15M | $-7.0K | $751.0K | $202.0K | |
| Free Cash Flow | · | $97M | · | · | · | $65M | · | · | · | $65M | · | · | · | $31M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $54M | · | · | · | $25M | · | · |
Profitability
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.6% | 72.3% | · | 70.8% | 71.4% | 67.8% | · | 65.6% | 68.0% | 65.1% | · | 63.6% | 62.0% | 60.5% | · | 58.7% | |
| Operating Margin | 28.1% | 29.0% | · | 24.4% | 27.5% | 25.1% | · | 6.5% | 19.7% | 14.5% | · | 12.4% | 10.2% | 9.5% | · | 2.6% | |
| Net Margin | 18.7% | 19.6% | · | 16.1% | 18.4% | 16.3% | · | 1.9% | 11.9% | 10.0% | · | 5.9% | 4.3% | 1.7% | · | -0.76% | |
| Pretax Margin | 25.1% | 26.1% | · | 21.0% | 23.9% | 21.4% | · | 2.1% | 15.5% | 11.6% | · | 8.5% | 5.8% | 4.1% | · | -2.9% | |
| EBITDA Margin | 28.1% | 39.8% | · | 24.4% | 27.5% | 36.8% | · | 6.5% | 19.7% | 28.0% | · | 12.4% | 10.2% | 25.5% | · | 2.6% | |
| ROA | 2.0% | 2.1% | · | 1.5% | 1.7% | 1.6% | · | 0.17% | 1.1% | 0.92% | · | 0.48% | 0.34% | 0.13% | · | -0.05% | |
| ROE | 3.2% | 3.3% | · | 2.4% | 2.8% | 2.5% | · | 0.28% | 1.7% | 1.4% | · | 0.76% | 0.55% | 0.22% | · | -0.09% | |
| ROIC | 2.5% | 2.6% | · | 1.9% | 2.2% | 2.0% | · | 0.56% | 1.4% | 1.2% | · | 0.75% | 0.65% | 0.34% | · | 0.05% |
Liquidity & Solvency
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.0 | 3.4 | · | 4.1 | 4.2 | 4.1 | · | 3.2 | 4.1 | 4.4 | · | 4.9 | 4.1 | 4.0 | · | 3.0 | |
| Quick Ratio | 2.5 | 2.9 | · | 3.5 | 3.6 | 3.5 | · | 2.8 | 3.6 | 3.9 | · | 4.5 | 3.7 | 3.6 | · | 2.7 | |
| Debt / Equity | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.4 | · | 0.4 | 0.4 | 0.5 | · | 0.5 | |
| LT Debt / Equity | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.4 | · | 0.4 | 0.4 | 0.5 | · | 0.5 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 3.5 | · | 2.3 | 1.9 | 1.5 | · | 0.5 |
Efficiency
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 3.0 | 3.0 | · | 3.0 | 3.0 | 3.0 | · | 3.0 | 3.0 | 2.8 | · | 2.7 | 2.7 | 2.7 | · | 2.5 |
Per Share
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $24.00 | $24.39 | · | $24.93 | $24.84 | $24.49 | · | $24.47 | $24.70 | $24.11 | · | $23.17 | $22.77 | $22.45 | · | $22.25 | |
| Revenue / Share | $4.17 | $4.17 | · | $3.70 | $3.71 | $3.74 | · | $3.39 | $3.38 | $3.26 | · | $2.86 | $2.82 | $2.84 | · | $2.56 | |
| Cash Flow / Share | · | $1.15 | · | · | · | $0.73 | · | · | · | $0.74 | · | · | · | $0.37 | · | · | |
| Cash / Share | $3.09 | $3.16 | · | $3.61 | $3.52 | $3.32 | · | $3.71 | $3.74 | $2.89 | · | $3.89 | $3.39 | $2.64 | · | $2.48 | |
| EPS (TTM) | $2.77 | $2.67 | · | $2.18 | $1.65 | $1.37 | · | $1.09 | $1.20 | $0.92 | · | $0.34 | $0.15 | $-0.10 | · | $-0.70 |
Valuation (TTM)
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.36B | $1.34B | · | $1.29B | $1.27B | $1.24B | · | $1.15B | $1.10B | $1.04B | · | $971M | $938M | $901M | · | $831M | |
| Net Income TTM | $236M | $231M | · | $192M | $146M | $122M | · | $97M | $106M | $80M | · | $29M | $13M | $-8M | · | $-59M | |
| Market Cap | $8.34B | $6.88B | · | $8.10B | $8.38B | $7.43B | · | $7.40B | $6.85B | $6.87B | · | $6.15B | $5.82B | $4.57B | · | $6.59B | |
| Enterprise Value | $9.02B | $7.56B | · | $8.77B | $9.09B | $8.20B | · | $8.16B | $7.63B | $7.54B | · | $6.69B | $6.40B | $5.22B | · | $7.31B | |
| P/E | 36.3 | 30.7 | · | 43.4 | 58.8 | 62.6 | · | 78.2 | 65.4 | 85.8 | · | 210.8 | 452.9 | -534.5 | · | -111.3 | |
| P/S | 6.1 | 5.1 | · | 6.3 | 6.6 | 6.0 | · | 6.4 | 6.2 | 6.6 | · | 6.3 | 6.2 | 5.1 | · | 7.9 | |
| P/B | 4.2 | 3.4 | · | 3.8 | 3.9 | 3.5 | · | 3.5 | 3.2 | 3.3 | · | 3.1 | 3.0 | 2.4 | · | 3.5 | |
| P / Cash Flow | · | 70.6 | · | · | · | 114.8 | · | · | · | 104.9 | · | · | · | 144.9 | · | · | |
| EV / Revenue | 6.6 | 5.7 | · | 6.8 | 7.2 | 6.6 | · | 7.1 | 6.9 | 7.2 | · | 6.9 | 6.8 | 5.8 | · | 8.8 | |
| Earnings Yield | 2.8% | 3.2% | · | 2.3% | 1.7% | 1.6% | · | 1.3% | 1.5% | 1.2% | · | 0.47% | 0.22% | -0.19% | · | -0.90% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 |
|---|---|---|---|---|---|
| Revenue | $1.31B | $1.20B | $1000M | $862M | $757M |
| Gross Margin % | 69.5% | 64.8% | 62.3% | 56.9% | 56.0% |
| Operating Margin % | 24.6% | 13.5% | 11.8% | 1.1% | -3.2% |
| Net Income | $215M | $97M | $56M | $-26M | $-44M |
| Diluted EPS | $2.46 | $1.09 | $0.64 | $-0.31 | $-0.53 |
| Metric | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 |
| Current Ratio | 3.3 | 3.1 | 4.8 | 2.9 | 2.3 |
| Quick Ratio | 2.8 | 2.6 | 4.3 | 2.7 | 2.0 |
| Metric | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $455M | $338M | $241M | $147M | $132M |
Institutional owners (13F) 543 filers · $8.6B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
543
Value held
$8.6B
New positions
77
Exited positions
54
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 77 (-11 vs prior Q) | 54 (-39 vs prior Q) | 203 (+20 vs prior Q) | 159 (-14 vs prior Q) | -4.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $1,018,621,255 | 11,277,914 | 11.82% | Shares |
| VANGUARD GROUP INC | $794,124,399 | 8,668,534 | 9.22% | Shares |
| WASATCH ADVISORS LP | $601,949,194 | 7,202,934 | 6.99% | Shares |
| MORGAN STANLEY | $410,704,974 | 4,547,219 | 4.77% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $366,486,316 | 4,057,643 | 4.25% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $328,834,888 | 3,640,776 | 3.82% | Shares |
| STATE STREET CORP | $292,717,061 | 3,241,046 | 3.40% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $214,497,588 | 2,374,467 | 2.49% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $176,050,345 | 1,999,209 | 2.04% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $168,794,190 | 1,869,036 | 1.96% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $160,157,863 | 1,773,227 | 1.86% | Shares |
| FMR LLC | $138,947,073 | 1,538,387 | 1.61% | Shares |
| BROWN ADVISORY INC | $123,975,449 | 1,372,624 | 1.44% | Shares |
| Clearbridge Investments, LLC | $117,123,775 | 1,296,765 | 1.36% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $107,381,628 | 1,188,902 | 1.25% | Shares |
| Greenhouse Funds LLLP | $106,850,728 | 1,183,024 | 1.24% | Shares |
| GENEVA CAPITAL MANAGEMENT LLC | $103,839,080 | 1,149,680 | 1.21% | Shares |
| BANK OF AMERICA CORP /DE/ | $103,573,112 | 1,146,735 | 1.20% | Shares |
| JPMORGAN CHASE & CO | $102,097,653 | 1,158,837 | 1.18% | Shares |
| DAVENPORT & Co LLC | $98,197,530 | 1,087,218 | 1.14% | Shares |
| NORTHERN TRUST CORP | $96,833,789 | 1,072,119 | 1.12% | Shares |
| GOLDMAN SACHS GROUP INC | $90,991,438 | 1,007,434 | 1.06% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $87,231,688 | 965,807 | 1.01% | Shares |
| Atalan Capital Partners, LP | $82,667,186 | 915,270 | 0.96% | Shares |
| LOOMIS SAYLES & CO L P | $82,060,598 | 908,554 | 0.95% | Shares |
| Swedbank AB | $76,898,448 | 851,400 | 0.89% | Shares |
| JANUS HENDERSON GROUP PLC | $71,067,521 | 850,411 | 0.82% | Shares |
| Park West Asset Management LLC | $70,147,118 | 776,651 | 0.81% | Shares |
| AMERICAN CENTURY COMPANIES INC | $68,641,411 | 759,978 | 0.80% | Shares |
| BAMCO INC /NY/ | $67,775,586 | 750,394 | 0.79% | Shares |
| Nuveen, LLC | $66,181,936 | 732,750 | 0.77% | Shares |
| Stephens Investment Management Group LLC | $65,850,506 | 729,080 | 0.76% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $63,523,230 | 703,313 | 0.74% | Shares |
| SEI INVESTMENTS CO | $61,716,402 | 683,320 | 0.72% | Shares |
| CITADEL ADVISORS LLC | $61,685,037 | 682,961 | 0.72% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $61,285,000 | 678,537 | 0.71% | Shares |
| Bank of New York Mellon Corp | $60,176,587 | 666,260 | 0.70% | Shares |
| CADIAN CAPITAL MANAGEMENT, LP | $56,603,544 | 626,700 | 0.66% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $54,356,744 | 601,824 | 0.63% | Shares |
| NORGES BANK | $48,226,003 | 533,946 | 0.56% | Shares |
| Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. | $41,269,195 | 456,922 | 0.48% | Shares |
| UBS Group AG | $39,330,476 | 435,457 | 0.46% | Shares |
| RAYMOND JAMES FINANCIAL INC | $39,015,167 | 431,967 | 0.45% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $36,183,366 | 400,613 | 0.42% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $35,034,586 | 387,894 | 0.41% | Shares |
| Artisan Partners Limited Partnership | $34,692,544 | 384,107 | 0.40% | Shares |
| FRANKLIN RESOURCES INC | $32,574,698 | 360,659 | 0.38% | Shares |
| 12th Street Asset Management Company, LLC | $31,195,617 | 345,390 | 0.36% | Shares |
| Aristotle Capital Boston, LLC | $30,066,082 | 332,884 | 0.35% | Shares |
| Ranger Investment Management, L.P. | $28,834,931 | 319,253 | 0.33% | Shares |
Company insiders 39 insiders · 14 officers · 14 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Scott Cutler | President and CEO | July 8, 2026 F | 176,405 | 0 | 0 | $0 |
| James M Lucania | EVP & CFO | July 8, 2026 F | 104,617 | 0 | 0 | $0 |
| Edward Bloomberg | CHIEF OPERATING OFFICER | Aug. 1, 2022 S | 59,850 | 0 | 0 | $0 |
| Stephen Neeleman | FOUNDER AND VICE CHAIRMAN | Sept. 17, 2026 G | 408,235 | 0 | 0 | $0 |
| Michael Henry Fiore | EVP, CHIEF COMMERCIAL OFFICER | July 10, 2026 S | 52,244 | 0 | 4 | $-913,872 |
| Michael Gathright | Chief Customer Officer | July 9, 2026 F | 39,893 | 0 | 0 | $0 |
| Delano Ladd | EVP, General Counsel | July 8, 2026 F | 90,054 | 0 | 4 | $-1,112,025 |
| Elimelech Rosner | EVP, CHIEF TECHNOLOGY OFFICER | April 6, 2026 F | 81,497 | 0 | 1 | $-1,046,037 |
| Slim Aissi | EVP, CHIEF SECURITY OFFICER | March 27, 2024 A | 37,632 | 0 | 0 | $0 |
| Angelique Christine Hill | Exec VP, Operations | Dec. 10, 2021 M | 23,707 | 0 | 0 | $0 |
| Gary D Robinson | EVP, Chief Marketing Officer | June 7, 2018 M | 2,890 | 0 | 0 | $0 |
| Jon Soldan | Exec VP, Operations | March 28, 2018 S | 8,020 | 0 | 0 | $0 |
| Matthew Sydney | Exec VP, Sales & Marketing | Nov. 1, 2016 M | 100 | 0 | 0 | $0 |
| Frode Jensen | Executive VP, GC & Corp. Secy. | March 23, 2016 A | 3,000 | 0 | 0 | $0 |
| Adrian T Dillon | Director | Aug. 25, 2026 M | 62,395 | 0 | 2 | $-798,367 |
| William Gassen | Director | June 25, 2026 A | 3,611 | 0 | 0 | $0 |
| Stuart B. Parker | Director | June 25, 2026 A | 25,975 | 0 | 0 | $0 |
| Rajesh Natarajan | Director | June 25, 2026 A | 18,130 | 0 | 0 | $0 |
| Debra Charlotte Mccowan | Director | June 25, 2026 A | 12,659 | 0 | 0 | $0 |
| Gayle Furgurson Wellborn | Director | June 25, 2026 A | 22,610 | 0 | 2 | $-644,862 |
| Evelyn S Dilsaver | Director | June 25, 2026 A | 51,085 | 0 | 0 | $0 |
| Robert W Selander | Director | June 25, 2026 A | 89,849 | 0 | 0 | $0 |
| Paul Black | Director | July 5, 2024 A | 9,394 | 0 | 0 | $0 |
| Frank Medici | Director | Nov. 18, 2020 M | 36,138 | 0 | 0 | $0 |
| Michael O Leavitt | Director | Aug. 1, 2017 M | 75,862 | 0 | 0 | $0 |
| Manu S Rana | Director | July 31, 2017 M | 87,725 | 0 | 0 | $0 |
| Sandra Pershing | 10% owner | Aug. 4, 2014 C | 965,071 | 0 | 0 | $0 |
| Pinnacle Health III, LLC | 10% owner | Aug. 4, 2014 C | 1,047,899 | 0 | 0 | $0 |
| Ernest H Pomerantz | 10% owner | Aug. 4, 2014 C | 1,245,440 | 0 | 0 | $0 |
| David Neeleman | 10% owner | Aug. 4, 2014 C | 2,391,269 | 0 | 0 | $0 |
| Jon Kessler | · | June 6, 2025 M | 75,000 | 0 | 0 | $0 |
| Frank Corvino | · | Nov. 6, 2024 S | 3,784 | 0 | 0 | $0 |
| Tyson D. Murdock | · | Dec. 28, 2023 G | 64,937 | 0 | 0 | $0 |
| Ian Sacks | · | Dec. 19, 2023 M | 109,630 | 0 | 0 | $0 |
| Larry L Trittschuh | · | Sept. 21, 2023 M | 46,210 | 0 | 0 | $0 |
| William Robert Otten | · | Nov. 1, 2021 S | 30,566 | 0 | 0 | $0 |
| Darcy G Mott | · | Sept. 20, 2021 M | 91,052 | 0 | 0 | $0 |
| Adam J Hostetter | · | June 29, 2021 F | 20,843 | 0 | 0 | $0 |
| Ashley Dreier | Former Exec, VP, CTO and CIO | Sept. 2, 2020 M | 42,444 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 64 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SMCO · Tidal Trust II | 2.53% | 35,698 NS | July 31, 2026 | N-PORT |
| SRHQ · Elevation Series Trust | 1.33% | 27,975 NS | July 31, 2026 | N-PORT |
| IHF · iShares Trust | 1.17% | 162,261 SH | Sept. 11, 2026 | Daily |
| MCOW · Pacer Funds Trust | 1.08% | 114 NS | July 31, 2026 | N-PORT |
| JSML · Janus Detroit Street Trust | 0.54% | 19,521 NS | July 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.53% | 800,020 SH | Sept. 11, 2026 | Daily |
| RFG · Invesco Exchange-Traded Fund Trust | 0.51% | 19,165 SH | Oct. 2, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.48% | 61,278 NS | July 31, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.45% | 90,885 SH | Aug. 19, 2026 | Daily |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.40% | 83,356 SH | Aug. 19, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.28% | 16,347 NS | July 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.27% | 40,631 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.26% | 2,174,222 SH | Sept. 11, 2026 | Daily |
| ISCG · iShares Trust | 0.26% | 26,374 SH | Sept. 11, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.25% | 11,720 SH | Oct. 2, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.24% | 9,282 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.23% | 488,295 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.22% | 66,719 SH | Oct. 2, 2026 | Daily |
| ESUM · Strategy Shares | 0.22% | 3,924 NS | July 31, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.21% | 136,315 SH | Aug. 19, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.21% | 51,068 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.20% | 1,052,740 SH | Aug. 19, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.20% | 12,854 NS | July 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.18% | 1,240 NS | July 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 36,503 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.18% | 270,563 NS | July 31, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.18% | 10,163 NS | July 31, 2026 | N-PORT |
| FHEQ · Fidelity Greenwood Street Trust | 0.14% | 12,769 NS | July 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.14% | 4,004 SH | Oct. 2, 2026 | Daily |
| FHLC · FIDELITY COVINGTON TRUST | 0.12% | 40,141 NS | July 31, 2026 | N-PORT |
| VFQY · VANGUARD WELLINGTON FUND | 0.12% | 6,308 SH | Aug. 19, 2026 | Daily |
| ESML · iShares Trust | 0.11% | 33,279 SH | Sept. 11, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.11% | 253,919 SH | Aug. 19, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.10% | 120 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.09% | 968,970 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.09% | 1,821,677 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.07% | 5,201 SH | Sept. 11, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.06% | 85,269 NS | July 31, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.05% | 7,692 SH | Oct. 2, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.05% | 3,050 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.05% | 72,205 NS | July 31, 2026 | N-PORT |
| FYEE · Fidelity Greenwood Street Trust | 0.04% | 959 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.04% | 2,226 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.03% | 149,037 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.03% | 6,314 NS | July 31, 2026 | N-PORT |
| IUSG · iShares Trust | 0.02% | 74,122 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.02% | 6,647 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.02% | 3,775 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.02% | 18,731 NS | July 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.02% | 194 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 25,333 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.01% | 3,731 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 23,642 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 111,671 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 2,523,512 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 67,059 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 6,922 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 18,712 SH | Aug. 19, 2026 | Daily |
| IJH · iShares Trust | · | 2,964,139 SH | Sept. 11, 2026 | Daily |
| IJK · iShares Trust | · | 489,918 SH | Sept. 11, 2026 | Daily |
| XJH · iShares Trust | · | 11,544 SH | Sept. 8, 2026 | Daily |
| ISCB · iShares Trust | · | 3,749 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 6,796 SH | Sept. 11, 2026 | Daily |
| SMMV · iShares Trust | · | 7,415 SH | Sept. 1, 2026 | Daily |
HQY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 20 analysts
BUY
Median target
$120.00
+33.3%
7 35.0%
Strong Buy
12 60.0%
Buy
1 5.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
15 analysts · 2026-10-01Mean target $119.33 +32.5%
← Below all targets
Current price $90.04
Low$105.00
Mean$119.33
High$142.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| HQY | $7.12B | 34.0 | 9.5% | 16.4% | 10.1% | 69.5% |
| UNH | $299.08B | 25.0 | 11.8% | 2.7% | 12.0% | · |
| ELV | $77.37B | 13.9 | 12.5% | 2.8% | 13.3% | · |
| HUM | $50.90B | 26.0 | 10.1% | 0.92% | 7.0% | · |
| CNC | $20.24B | -3.0 | 19.4% | -3.4% | -28.8% | 7.3% |
| MOH | $8.85B | 19.5 | 11.8% | 1.0% | 10.9% | · |
| CLOV | · | -5.1 | 40.3% | -4.5% | -26.2% | · |
| PGNY | $2.14B | 39.5 | 10.4% | 4.5% | 11.3% | 23.6% |
| ALHC | $4.03B | · | 46.1% | -0.02% | -0.52% | · |
Latest News Recent headlines mentioning this company
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
BLUECHIP_DIP
Stopped out
risk 1
reward 1.92
entry
$94.33
R:R 1.92
BLUECHIP_DIP
Stopped out
risk 1
reward 1.79
entry
$83.12
R:R 1.79
BLUECHIP_DIP
Stopped out
risk 1
reward 2.08
entry
$83.83
R:R 2.08
BLUECHIP_DIP
Stopped out
risk 1
reward 5.00
entry
$82.05
R:R 5.00
BOUNCE_UP
Stopped out
risk 1
reward 2.00
entry
$97.07
R:R 2.00
No open signal right now — no card is filled, and that's honest.
My Metrics Your personal watchlist — selected rows from Full Fundamentals
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Source: SEC 10-Q filed Aug 27, 2026