HQY

Based on HealthEquity, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

What does HealthEquity do?

HealthEquity provides cloud-based platforms that help individuals manage health savings accounts, pay medical bills, and make investment decisions tied to healthcare spending. It also administers flexible spending accounts, health reimbursement arrangements, COBRA services, and commuter benefit programs for employers and health plans across the United States.

Does HQY pay dividends?

No, HealthEquity does not currently pay a dividend. The company reinvests capital into platform growth, technology development, and expanding its network of employer and health plan clients rather than distributing income to shareholders.

When does HQY report earnings?

HealthEquity reports financial results on a quarterly basis, in line with standard US-listed company practice. For exact dates and the most recent results, check the investor relations section of the company's official website.

Is HQY a good stock to buy?

UQS Score rates HQY as Good overall. The Growth and Valuation pillars are the relative strengths, while Quality, Moat, and Risk each sit at Neutral. Whether that profile fits your investment approach depends on your own criteria — the full pillar breakdown is available to UQS Pro members.

Is HQY overvalued?

The UQS Valuation pillar for HQY is rated Good, suggesting the current market price appears reasonable relative to the company's fundamentals rather than elevated. That said, valuation is one of five pillars — viewing it alongside Quality and Growth context gives a more complete picture.

How does HQY compare to its competitors?

HealthEquity's closest peers in the UQS universe include BrightSpring Health Services, Tempus AI, and Doximity. Each operates a distinct healthcare business model — from home-based services to AI-driven clinical data to physician networking — making direct comparisons nuanced. UQS Pro members can view side-by-side pillar scores.

What is HQY's market cap bracket?

HealthEquity is classified as a mid-cap company. This places it in a tier where growth potential is often still meaningful, but the business has achieved enough scale to operate a broad national platform serving employers, health plans, and millions of individual account holders.

Who founded HealthEquity?

HealthEquity was incorporated in 2002. Founding and leadership history is publicly available through the company's official investor relations materials and SEC filings for those seeking detailed background on its origins.

Is HQY a long-term quality indicator?

As a long-term quality indicator, HQY's UQS profile shows a Good overall score with a constructive Growth pillar and reasonable Valuation. The Neutral readings on Quality, Moat, and Risk suggest the company has room to strengthen its competitive position over time. Pro members can track pillar trends as new data becomes available.

What is the main competitive advantage of HealthEquity?

HealthEquity's platform integrates health savings, spending, and investment decisions in one place, creating switching costs for employers and account holders already embedded in its ecosystem. Its network of health plan and benefits administrator partnerships also provides a distribution advantage that is difficult to replicate quickly.

What sector does HQY belong to?

HealthEquity operates in the Healthcare sector, specifically within health benefits administration and financial technology for consumer-directed healthcare. It sits at the crossroads of healthcare services and fintech, which shapes both its growth opportunity and its competitive landscape.

Is HQY a growth stock or value stock?

Based on UQS pillar labels, HQY leans toward the growth side — its Growth pillar is rated Good while Valuation is also Good, meaning it is not priced at deep-value levels but has not reached the elevated pricing typical of pure high-growth names. It occupies a middle ground between the two categories.

HealthEquity, Inc. shows solid profitability with healthy returns on capital and reasonable margins.

HealthEquity, Inc. demonstrates healthy growth trends across revenue and earnings.

HealthEquity, Inc. maintains a reasonable risk profile with manageable debt levels.

HealthEquity, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.

HealthEquity, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for HQY.

The UQS (Unified Quality Score) for HealthEquity, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses HealthEquity, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether HealthEquity, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.