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Health Catalyst, Inc. (HCAT) 10-Year Financial Performance & Capital Metrics

HCAT • • Industrial / General
HealthcareHealthcare ITHealthcare Data Analytics & AIHealthcare Business Intelligence
AboutHealth Catalyst, Inc. provides data and analytics technology and services to healthcare organizations. Its offerings include data and analytics platform, a commercial-grade data and analytics platform for the healthcare sector; AI and data science, providing integration of AI into existing business intelligence tools, increasing analytics accuracy; population health management identifies improvement across the care continuum as well as actionable guidance for success and automated workflows; financial transformation providing costing and labor productivity insights and revenue capture; quality and safety improvement using clinical quality and patient safety data, analytics, and expert services; and national data ecosystem for thought leadership and mutual knowledge exchange to transform care delivery through next-gen insights. The company was formerly known as HQC Holdings, Inc. and changed its name to Health Catalyst, Inc. in March 2017. Health Catalyst, Inc. was founded in 2008 and is based in South Jordan, Utah.Show more
  • Revenue $307M +3.6%
  • EBITDA -$28M +66.5%
  • Net Income -$70M +41.2%
  • EPS (Diluted) -1.15 +45.0%
  • Gross Margin 45.92% +3.1%
  • EBITDA Margin -9.26% +67.7%
  • Operating Margin -22.77% +46.9%
  • Net Margin -22.67% +43.2%
  • ROE -18.99% +36.4%
  • ROIC -10.19% +42.9%
  • Debt/Equity 1.10 +62.3%
  • Interest Coverage -4.09 +76.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 14.6%
  • ✓Trading at only 0.4x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 13 (bottom 13%)
  • ✗Trading more than 30% below 52-week high

* 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-
5Y14.62%
3Y8.22%
TTM4.64%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-35.99%

EPS CAGR

10Y-
5Y-
3Y-
TTM-17.78%

ROCE

10Y Avg-34.14%
5Y Avg-20.21%
3Y Avg-17.28%
Latest-12.18%

Peer Comparison

Healthcare Business Intelligence
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Size & Scale
Valuation
Per Share
Growth
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Quality & Returns
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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 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+73.08M112.57M154.94M188.84M241.93M276.24M295.94M306.58M
Revenue Growth %-0.54%0.38%0.22%0.28%0.14%0.07%0.04%
Cost of Goods Sold+43.64M59.85M75.34M98.08M124.35M143.05M164.1M165.81M
COGS % of Revenue0.6%0.53%0.49%0.52%0.51%0.52%0.55%0.54%
Gross Profit+29.44M52.72M79.6M90.77M117.57M133.19M131.83M140.78M
Gross Margin %0.4%0.47%0.51%0.48%0.49%0.48%0.45%0.46%
Gross Profit Growth %-0.79%0.51%0.14%0.3%0.13%-0.01%0.07%
Operating Expenses+74.98M112.82M134.46M186.89M261.22M273.19M258.73M210.59M
OpEx % of Revenue1.03%1%0.87%0.99%1.08%0.99%0.87%0.69%
Selling, General & Admin40.62M66.81M79M114.65M160.96M149.22M143.88M111.2M
SG&A % of Revenue0.56%0.59%0.51%0.61%0.67%0.54%0.49%0.36%
Research & Development28.47M38.59M46.25M53.52M62.73M75.68M72.63M57.95M
R&D % of Revenue0.39%0.34%0.3%0.28%0.26%0.27%0.25%0.19%
Other Operating Expenses-4K-39K9.21M18.73M37.53M48.3M42.22M41.43M
Operating Income+-45.54M-60.09M-54.87M-96.13M-143.65M-140M-126.9M-69.81M
Operating Margin %-0.62%-0.53%-0.35%-0.51%-0.59%-0.51%-0.43%-0.23%
Operating Income Growth %--0.32%0.09%-0.75%-0.49%0.03%0.09%0.45%
EBITDA+-39.65M-52.68M-45.65M-77.4M-102.54M-88.48M-84.67M-28.38M
EBITDA Margin %-0.54%-0.47%-0.29%-0.41%-0.42%-0.32%-0.29%-0.09%
EBITDA Growth %--0.33%0.13%-0.7%-0.32%0.14%0.04%0.66%
D&A (Non-Cash Add-back)5.89M7.41M9.21M18.73M41.11M51.53M42.22M41.43M
EBIT-45.54M-60.09M-56.53M-104.64M-142.79M-134.44M-110.5M-52.08M
Net Interest Income+-1.47M-1.99M-3.45M-11.62M-16.48M-1.55M9.1M896K
Interest Income542K602K2.81M2.09M831K5.69M16.39M17.98M
Interest Expense2.01M2.59M6.26M13.72M17.31M7.24M7.29M17.09M
Other Income/Expense-1.47M-2.02M-5.09M-20.09M-16.46M-1.68M9.11M637K
Pretax Income+-47.01M-62.12M-59.95M-116.21M-160.11M-141.68M-117.79M-69.17M
Pretax Margin %-0.64%-0.55%-0.39%-0.62%-0.66%-0.51%-0.4%-0.23%
Income Tax+26K-135K142K-1.19M-6.9M-4.28M356K333K
Effective Tax Rate %1%1%1%0.99%0.96%0.97%1%1%
Net Income+-47.03M-61.98M-60.1M-115.02M-153.21M-137.4M-118.15M-69.5M
Net Margin %-0.64%-0.55%-0.39%-0.61%-0.63%-0.5%-0.4%-0.23%
Net Income Growth %--0.32%0.03%-0.91%-0.33%0.1%0.14%0.41%
Net Income (Continuing)-47.03M-61.98M-60.1M-115.02M-153.21M-137.4M-118.15M-69.5M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)+-1.69-2.23-3.21-2.91-3.23-2.54-2.09-1.15
EPS Growth %--0.32%-0.44%0.09%-0.11%0.21%0.18%0.45%
EPS (Basic)-1.69-2.23-3.21-2.91-3.23-2.56-2.09-1.15
Diluted Shares Outstanding27.77M27.77M18.74M39.54M47.49M54.08M56.42M60.19M
Basic Shares Outstanding27.77M27.77M18.74M39.54M47.49M53.72M56.42M60.19M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+71.39M66.86M264.24M329.8M508.39M427.8M393.4M465.65M
Cash & Short-Term Investments51.46M33.19M228.28M270.87M444.98M363.49M317.73M392M
Cash Only22.98M28.43M18.03M91.95M193.23M116.31M106.28M249.65M
Short-Term Investments28.48M4.76M210.25M178.92M251.75M247.18M211.45M142.35M
Accounts Receivable17.05M27.7M27.57M48.3M48.8M47.97M60.29M57.18M
Days Sales Outstanding85.1789.864.9593.3573.6363.3874.3668.08
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets762K649K0014.61M16.34M15.38M16.47M
Total Non-Current Assets+38.88M44.12M38.12M247.94M323.7M324.49M308.42M393.28M
Property, Plant & Equipment5.38M11.02M8.08M37.59M44.45M42.59M39.64M41.45M
Fixed Asset Turnover13.58x10.22x19.17x5.02x5.44x6.49x7.47x7.40x
Goodwill3.69M3.69M3.69M107.82M169.97M185.98M190.65M259.76M
Intangible Assets29.57M28.3M25.54M98.92M104.79M92.19M73.38M86.05M
Long-Term Investments00000000
Other Non-Current Assets243K1.1M810K3.61M4.5M3.73M4.74M6.02M
Total Assets+110.27M110.97M302.36M577.74M832.1M752.29M701.81M858.93M
Asset Turnover0.66x1.01x0.51x0.33x0.29x0.37x0.42x0.36x
Asset Growth %-0.01%1.72%0.91%0.44%-0.1%-0.07%0.22%
Total Current Liabilities+30.77M41.81M48.22M88.04M93.05M82.51M89.03M325.85M
Accounts Payable833K1.81M3.62M5.33M4.69M4.42M6.64M11.43M
Days Payables Outstanding6.9711.0517.5519.8413.7711.2914.7725.17
Short-Term Debt01.29M2.81M0000231.18M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities16.27M5.49M4.05M24.27M10.87M7.51M11.68M11.65M
Current Ratio2.32x1.60x5.48x3.75x5.46x5.18x4.42x1.43x
Quick Ratio2.32x1.60x5.48x3.75x5.46x5.18x4.42x1.43x
Cash Conversion Cycle--------
Total Non-Current Liabilities+338.98M443.94M53.5M213.6M216.95M244.77M245.86M167.87M
Long-Term Debt9.62M18.81M48.2M168.99M180.94M226.52M228.03M151.18M
Capital Lease Obligations872K4.23M1.65M23.67M20.24M18.02M17.68M16.29M
Deferred Tax Liabilities0-4.23M1.86M00000
Other Non-Current Liabilities328.49M413.62M019.06M14.83M121K74K154K
Total Liabilities369.74M485.74M101.72M301.64M310M327.28M334.89M493.72M
Total Debt+12.62M26.91M52.66M195.28M204.61M247.97M249.07M402.26M
Net Debt-10.35M-1.52M34.63M103.33M11.38M131.66M142.79M152.62M
Debt / Equity--0.26x0.71x0.39x0.58x0.68x1.10x
Debt / EBITDA--------
Net Debt / EBITDA--------
Interest Coverage-22.69x-23.23x-8.76x-7.01x-8.30x-19.34x-17.41x-4.09x
Total Equity+-259.48M-374.77M200.64M276.1M522.1M425.01M366.92M365.21M
Equity Growth %--0.44%1.54%0.38%0.89%-0.19%-0.14%-0%
Book Value per Share-9.34-13.5010.716.9810.997.866.506.07
Total Shareholders' Equity-259.48M-374.77M200.64M276.1M522.1M425.01M366.92M365.21M
Common Stock5K5K37K43K53K1.42B1.48B1.55B
Retained Earnings-259.47M-374.77M-610.51M-725.65M-878.86M-999.02M-1.12B-1.19B
Treasury Stock00000000
Accumulated OCI-12K-1K72K61K-67K-648K33K-835K
Minority Interest00000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-36.83M-40.3M-32.18M-26.15M-23.12M-35.27M-33.08M14.56M
Operating CF Margin %-0.5%-0.36%-0.21%-0.14%-0.1%-0.13%-0.11%0.05%
Operating CF Growth %--0.09%0.2%0.19%0.12%-0.53%0.06%1.44%
Net Income-47.03M-61.98M-60.1M-115.02M-153.21M-137.4M-118.15M-69.5M
Depreciation & Amortization5.89M7.41M9.21M18.73M37.53M48.3M42.22M41.43M
Stock-Based Compensation4.24M4.2M17.84M37.96M65.14M72.1M55.76M40.13M
Deferred Taxes14K-206K40K-1.27M-7.13M-4.52M8K77K
Other Non-Cash Items225K533K2.08M37.29M29.93M162K750K3.08M
Working Capital Changes-166K9.75M-1.27M-3.83M4.62M-13.91M-13.67M-660K
Change in Receivables4.44M-3.63M127K-16.45M102K788K-13.66M4.28M
Change in Inventory-2.56M2.46M-3.65M0-8.32M000
Change in Payables-6.29M4.42M-86K8.24M5.2M-4.7M4.87M5.58M
Cash from Investing+22.41M21.4M-209.6M-82.56M-139.68M-39.02M20.29M-22.9M
Capital Expenditures-3.34M-2.5M-4.33M-10.46M-18.47M-2.17M-1.24M-1.62M
CapEx % of Revenue0.05%0.02%0.03%0.06%0.08%0.01%0%0.01%
Acquisitions--------
Investments--------
Other Investing-831K-199K-1.87M14K22K-15.22M-13.04M-14.77M
Cash from Financing+24.87M24.35M231.38M182.61M264.08M-2.61M2.73M151.75M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing15.08M23.11M-689K-23.37M18.9M5.78M4.54M-2.15M
Net Change in Cash--------
Free Cash Flow+-40.17M-42.8M-36.52M-36.61M-41.59M-52.68M-47.39M-1.84M
FCF Margin %-0.55%-0.38%-0.24%-0.19%-0.17%-0.19%-0.16%-0.01%
FCF Growth %--0.07%0.15%-0%-0.14%-0.27%0.1%0.96%
FCF per Share-1.45-1.54-1.95-0.93-0.88-0.97-0.84-0.03
FCF Conversion (FCF/Net Income)0.78x0.65x0.54x0.23x0.15x0.26x0.28x-0.21x
Interest Paid1.03M3.94M5.56M4.98M6.36M5.75M5.75M10.12M
Taxes Paid66K31K19K92K138K297K266K10.12M

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)---29.95%-48.25%-38.39%-29.02%-29.84%-18.99%
Return on Invested Capital (ROIC)---17.49%-23.46%-23.6%-19.26%-17.85%-10.19%
Gross Margin40.28%46.83%51.37%48.06%48.6%48.21%44.55%45.92%
Net Margin-64.36%-55.06%-38.79%-60.91%-63.33%-49.74%-39.92%-22.67%
Debt / Equity--0.26x0.71x0.39x0.58x0.68x1.10x
Interest Coverage-22.69x-23.23x-8.76x-7.01x-8.30x-19.34x-17.41x-4.09x
FCF Conversion0.78x0.65x0.54x0.23x0.15x0.26x0.28x-0.21x
Revenue Growth-54.04%37.63%21.88%28.11%14.18%7.13%3.6%

Revenue by Segment

201920202021202220232024
Recurring Technology83.79M110.47M147.45M175.81M187.23M194.85M
Recurring Technology Growth-31.84%33.48%19.24%6.49%4.07%
One-time Technology184K-272K480K357K-
One-time Technology Growth---76.47%-25.62%-

Frequently Asked Questions

Growth & Financials

Health Catalyst, Inc. (HCAT) reported $316.1M in revenue for fiscal year 2024. This represents a 332% increase from $73.1M in 2017.

Health Catalyst, Inc. (HCAT) grew revenue by 3.6% over the past year. Growth has been modest.

Health Catalyst, Inc. (HCAT) reported a net loss of $107.6M for fiscal year 2024.

Dividend & Returns

Health Catalyst, Inc. (HCAT) has a return on equity (ROE) of -19.0%. Negative ROE indicates the company is unprofitable.

Health Catalyst, Inc. (HCAT) had negative free cash flow of $22.8M in fiscal year 2024, likely due to heavy capital investments.

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