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Definitive Healthcare Corp. (DH) 10-Year Financial Performance & Capital Metrics

DH • • Industrial / General
HealthcareHealthcare ITHealthcare Data Analytics & AIHealthcare Business Intelligence
AboutDefinitive Healthcare Corp., together with its subsidiaries, provides healthcare commercial intelligence in the United States. Its solutions provide information on healthcare providers and their activities to help its customers in the area ranging from product development to go-to-market planning, and sales and marketing execution. The company's platform offers 16 intelligence modules that cover functional areas, such as sales, marketing, clinical research and product development, strategy, talent acquisition, and physician network management. It serves biopharmaceutical and medical device companies, healthcare information technology companies, and healthcare providers; and other diversified companies comprising staffing and commercial real estate companies, financial institutions, and other organizations in the healthcare ecosystem. Definitive Healthcare Corp. was founded in 2011 and is headquartered in Framingham, Massachusetts.Show more
  • Revenue $252M +0.3%
  • EBITDA -$659M -137.1%
  • Net Income -$413M -104.1%
  • EPS (Diluted) -3.54 -97.8%
  • Gross Margin 78.3% -3.5%
  • EBITDA Margin -261.36% -136.3%
  • Operating Margin -281.85% -114.9%
  • Net Margin -163.81% -103.5%
  • ROE -45.74% -203.0%
  • ROIC -50.99% -203.8%
  • Debt/Equity 0.42 +86.6%
  • Interest Coverage -47.91 -120.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FCF machine: 18.2% free cash flow margin
  • ✓Strong 5Y sales CAGR of 24.2%
  • ✓Trading at only 0.5x book value

✗Weaknesses

  • ✗Weak momentum: RS Rating 15 (bottom 15%)
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y24.15%
3Y14.92%
TTM-5.3%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM48.2%

EPS CAGR

10Y-
5Y-
3Y-
TTM46.09%

ROCE

10Y Avg-12.99%
5Y Avg-15.57%
3Y Avg-25.13%
Latest-55.03%

Peer Comparison

Healthcare Business Intelligence
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NRCNational Research Corporation482.6M21.3020.48-3.72%11.76%114.31%3.97%2.06
WORXSCWorx Corp.2.91M0.18-0.24-21.43%-139.71%-64.87%0.01
DHDefinitive Healthcare Corp.251.03M2.43-0.690.31%-77.88%-48.42%18.27%0.42
HCATHealth Catalyst, Inc.165.51M2.34-2.033.6%-34.05%-32.42%1.10
ZCMDZhongchao Inc.12.21M0.47-3.95-18.37%-26.94%-34.62%0.00
EVHEvolent Health, Inc.439.71M3.94-4.8630.09%-6.24%-15.22%0.71
FORAForian Inc.66.18M2.13-17.75-1.6%-3.03%-2.74%0.43%0.22

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+85.5M118.32M166.15M222.65M251.41M252.2M
Revenue Growth %-0.38%0.4%0.34%0.13%0%
Cost of Goods Sold+43.04M30.47M40.69M42.63M47.48M54.73M
COGS % of Revenue0.5%0.26%0.24%0.19%0.19%0.22%
Gross Profit+42.47M87.85M125.47M180.03M203.93M197.47M
Gross Margin %0.5%0.74%0.76%0.81%0.81%0.78%
Gross Profit Growth %-1.07%0.43%0.43%0.13%-0.03%
Operating Expenses+44.64M103.73M152.78M224.07M533.73M908.29M
OpEx % of Revenue0.52%0.88%0.92%1.01%2.12%3.6%
Selling, General & Admin37.2M48.7M89.25M141.15M153.4M133.07M
SG&A % of Revenue0.44%0.41%0.54%0.63%0.61%0.53%
Research & Development7.45M11.06M18.57M34.89M42.44M36.52M
R&D % of Revenue0.09%0.09%0.11%0.16%0.17%0.14%
Other Operating Expenses043.97M44.97M48.03M337.9M738.7M
Operating Income+-2.17M-15.89M-27.32M-44.04M-329.8M-710.82M
Operating Margin %-0.03%-0.13%-0.16%-0.2%-1.31%-2.82%
Operating Income Growth %--6.3%-0.72%-0.61%-6.49%-1.16%
EBITDA+31.36M43.7M32.63M12.86M-278.05M-659.15M
EBITDA Margin %0.37%0.37%0.2%0.06%-1.11%-2.61%
EBITDA Growth %-0.39%-0.25%-0.61%-22.62%-1.37%
D&A (Non-Cash Add-back)33.54M59.58M59.95M56.9M51.75M51.67M
EBIT-18.03M-16.11M-36.87M-30.68M-292.98M-618.91M
Net Interest Income+0-36.49M-25.87M-8.41M-1.56M-245K
Interest Income18.37M029K2.79M13.64M14.59M
Interest Expense18.37M36.49M25.9M11.2M15.2M14.84M
Other Income/Expense-34.22M-36.71M-35.45M2.17M21.62M77.08M
Pretax Income+-36.4M-52.6M-62.77M-41.88M-308.18M-633.75M
Pretax Margin %-0.43%-0.44%-0.38%-0.19%-1.23%-2.51%
Income Tax+00-443K-17.7M-18.55M-42.3M
Effective Tax Rate %1%1%0.83%0.17%0.66%0.65%
Net Income+-36.4M-52.6M-51.91M-7.22M-202.39M-413.12M
Net Margin %-0.43%-0.44%-0.31%-0.03%-0.8%-1.64%
Net Income Growth %--0.45%0.01%0.86%-27.02%-1.04%
Net Income (Continuing)-36.4M-52.6M-62.32M-24.18M-289.63M-591.45M
Discontinued Operations000000
Minority Interest00628.52M533.03M337.82M162.82M
EPS (Diluted)+-0.24-0.53-0.19-0.07-1.79-3.54
EPS Growth %--1.21%0.64%0.62%-24.07%-0.98%
EPS (Basic)-0.24-0.53-0.19-0.07-1.79-3.54
Diluted Shares Outstanding149.1M97.03M97.03M101.11M112.76M116.64M
Basic Shares Outstanding149.1M97.03M97.03M101.11M112.76M116.64M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+36.11M63.84M444.23M413.75M380.44M370.17M
Cash & Short-Term Investments8.62M24.77M387.5M331.87M308.07M290.16M
Cash Only8.62M24.77M387.5M146.93M130.98M105.38M
Short-Term Investments000184.94M177.09M184.79M
Accounts Receivable25.02M33.11M43.34M58.8M59.25M53.23M
Days Sales Outstanding106.81102.1495.296.3986.0277.04
Inventory000000
Days Inventory Outstanding------
Other Current Assets769K2.95M6.88M23.07M13.12M26.78M
Total Non-Current Assets+1.69B1.68B1.67B1.71B1.43B719.22M
Property, Plant & Equipment2.56M3.25M5.07M14.14M14.06M11.31M
Fixed Asset Turnover33.43x36.43x32.78x15.74x17.88x22.30x
Goodwill1.23B1.26B1.26B1.32B1.08B393.28M
Intangible Assets446.38M410.24M352.47M350.72M323.12M297.93M
Long-Term Investments05.95M32.67M0509K0
Other Non-Current Assets2.72M472K19.94M19.28M19.2M16.69M
Total Assets+1.72B1.75B2.12B2.12B1.83B1.09B
Asset Turnover0.05x0.07x0.08x0.10x0.14x0.23x
Asset Growth %-0.01%0.21%0%-0.14%-0.4%
Total Current Liabilities+69.92M88.72M123.12M140.61M170.68M161.16M
Accounts Payable2.16M5.66M4.65M3.95M5.79M10.76M
Days Payables Outstanding18.2967.8341.7233.8144.4971.78
Short-Term Debt4.5M4.68M6.88M8.59M13.75M13.75M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities338K2.08M2.97M3.16M38.72M25.21M
Current Ratio0.52x0.72x3.61x2.94x2.23x2.30x
Quick Ratio0.52x0.72x3.61x2.94x2.23x2.30x
Cash Conversion Cycle------
Total Non-Current Liabilities+435M461.07M494.66M500.07M456.05M321.03M
Long-Term Debt434.85M457.2M263.81M255.76M242.57M229.37M
Capital Lease Obligations0009.97M9.37M7.59M
Deferred Tax Liabilities0076.4M75.74M67.16M25.09M
Other Non-Current Liabilities03.74M154.04M158.36M136.93M58.96M
Total Liabilities504.91M549.8M617.78M640.68M626.73M482.19M
Total Debt+439.35M461.88M270.68M275.85M267.93M253.11M
Net Debt430.73M437.1M-116.81M128.91M136.95M147.73M
Debt / Equity0.36x0.39x0.18x0.19x0.22x0.42x
Debt / EBITDA14.01x10.57x8.30x21.45x--
Net Debt / EBITDA13.73x10.00x-3.58x10.02x--
Interest Coverage-0.12x-0.44x-1.05x-3.93x-21.69x-47.91x
Total Equity+1.22B1.2B1.5B1.48B1.2B607.19M
Equity Growth %--0.02%0.25%-0.01%-0.19%-0.49%
Book Value per Share8.1612.3215.4614.6610.635.21
Total Shareholders' Equity1.22B1.2B871.31M948.92M861.36M444.38M
Common Stock1.27B1.31B97K105K117K114K
Retained Earnings-55.76M-109.86M-17.84M-25.06M-227.45M-640.57M
Treasury Stock000000
Accumulated OCI0-131K62K3.67M2.11M-610K
Minority Interest00628.52M533.03M337.82M162.82M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+21.59M23.22M25.21M35.58M41.19M58.2M
Operating CF Margin %0.25%0.2%0.15%0.16%0.16%0.23%
Operating CF Growth %-0.08%0.09%0.41%0.16%0.41%
Net Income-36.4M-52.6M-62.32M-22.25M-202.39M-591.45M
Depreciation & Amortization33.54M59.58M59.95M56.9M51.75M51.67M
Stock-Based Compensation01.75M9.96M36.43M48.74M38.09M
Deferred Taxes00-587K-26.67M-18.71M-119.58M
Other Non-Cash Items12.02M14.63M20.73M13.12M192.19M705.4M
Working Capital Changes12.43M-147K-2.51M-21.95M-30.39M-25.93M
Change in Receivables-8.62M-8.29M-10.73M-13.22M811K5.69M
Change in Inventory000000
Change in Payables7.95M4.44M3.42M358K1.33M-5.46M
Cash from Investing+-1.14B-23.86M-46.73M-248.9M-31.78M-26.41M
Capital Expenditures-1.9M-1.4M-6.73M-8.33M-2.98M-12.34M
CapEx % of Revenue0.02%0.01%0.04%0.04%0.01%0.05%
Acquisitions------
Investments------
Other Investing000000
Cash from Financing+1.12B16.66M384.37M-26.7M-25.58M-56.75M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid-6.96M-2.94M-8.13M-12.87M-12.28M-5.13M
Share Repurchases------
Other Financing06.14M-11.22M-5.22M-4.68M-15.5M
Net Change in Cash------
Free Cash Flow+19.69M21.82M18.48M27.25M38.21M45.85M
FCF Margin %0.23%0.18%0.11%0.12%0.15%0.18%
FCF Growth %-0.11%-0.15%0.47%0.4%0.2%
FCF per Share0.130.220.190.270.340.39
FCF Conversion (FCF/Net Income)-0.59x-0.44x-0.49x-4.93x-0.20x-0.14x
Interest Paid025.96M29.57M014.46M0
Taxes Paid0013K0136K0

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-2.99%-4.36%-3.85%-0.48%-15.1%-45.74%
Return on Invested Capital (ROIC)--0.73%-1.36%-2.21%-16.79%-50.99%
Gross Margin49.67%74.25%75.51%80.86%81.11%78.3%
Net Margin-42.57%-44.46%-31.24%-3.24%-80.5%-163.81%
Debt / Equity0.36x0.39x0.18x0.19x0.22x0.42x
Interest Coverage-0.12x-0.44x-1.05x-3.93x-21.69x-47.91x
FCF Conversion-0.59x-0.44x-0.49x-4.93x-0.20x-0.14x
Revenue Growth-38.38%40.43%34%12.92%0.31%

Revenue by Segment

2021202220232024
Subscription Services-217.02M243.05M244.89M
Subscription Services Growth--11.99%0.75%
Professional Services1.59M5.63M8.36M7.32M
Professional Services Growth-254.03%48.57%-12.52%
Platform Subscriptions164.56M---
Platform Subscriptions Growth----

Revenue by Geography

2021202220232024
UNITED STATES158.73M211.73M239.46M241.81M
UNITED STATES Growth-33.39%13.10%0.98%
Non-US-10.93M11.96M10.4M
Non-US Growth--9.45%-13.05%
Non Us7.43M---
Non Us Growth----

Frequently Asked Questions

Growth & Financials

Definitive Healthcare Corp. (DH) reported $242.3M in revenue for fiscal year 2024. This represents a 183% increase from $85.5M in 2019.

Definitive Healthcare Corp. (DH) grew revenue by 0.3% over the past year. Growth has been modest.

Definitive Healthcare Corp. (DH) reported a net loss of $188.7M for fiscal year 2024.

Dividend & Returns

Yes, Definitive Healthcare Corp. (DH) pays a dividend with a yield of 1.81%. This makes it attractive for income-focused investors.

Definitive Healthcare Corp. (DH) has a return on equity (ROE) of -45.7%. Negative ROE indicates the company is unprofitable.

Definitive Healthcare Corp. (DH) generated $46.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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