Stocktoria
HEALTHEQUITY, INC. HQY
HEALTHEQUITY, INC. (HQY) earns a Piotroski F-score of 9/9 (strong financial health), with an Altman Z″ in the safe zone. It pays a dividend yielding 0.68% (safety: no dividend). FY2026 revenue was $1.3B at a 16.4% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.8 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-06-03 | RBC Capital | Outperform (reit) |
| 2026-06-01 | Citizens | Market Outperform (main) |
| 2026-05-29 | RBC Capital | Outperform (main) |
| 2026-05-22 | Barrington Research | Outperform (main) |
| 2026-04-09 | BMO Capital | Outperform (up) |
| 2026-03-19 | Deutsche Bank | Buy (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Services · percentile among 982 companies
Percentile vs other Services companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 9/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | 0.105 |
| Retained earnings / assets | 0.058 |
| EBIT / assets | 0.095 |
| Equity / liabilities | 1.655 |
Sector peers · similar-size Services companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| HQY | HEALTHEQUITY, INC. | 9/9 | 3.26 | 34.4 | +9.5% |
| MAX | MediaAlpha, Inc. | 5/9 | -3.31 | 28.9 | +28.8% |
| TIC | TIC Solutions, Inc. | 2/9 | 1.91 | — | — |
| PAYO | Payoneer Global Inc. | 5/9 | 0.27 | 32.9 | +7.7% |
| GETY | Getty Images Holdings, Inc. | 2/9 | -1.63 | — | +4.5% |
| CTEV | Claritev Corp | 5/9 | -1.67 | — | +3.7% |
| PRTH | Priority Technology Holdings, Inc. | 3/9 | 0.52 | — | +8.3% |
About HEALTHEQUITY, INC.
HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. It offers health savings accounts (HAS); investment platform; online-only automated investment advisory services through Advisor, a Web-based tool. The company also provides flexible spending accounts (FSA) for health and dependent care; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs. In addition, the company offers HSA and FSA members with access to certain healthcare products, programs, and services through its marketplace. It serves clients through a direct sales force; and brokers and advisors, a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers. HealthEquity, Inc. was incorporated in 2002 and is based in Draper, Utah.
FAQ
Is HQY financially healthy?
HEALTHEQUITY, INC.'s Piotroski F-score is 9/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does HQY pay a dividend, and is it safe?
Yes. HEALTHEQUITY, INC. pays a dividend yielding about 0.68% with a None payout ratio, rated “no dividend” for safety.
How profitable is HQY?
In FY2026, HEALTHEQUITY, INC. had a net margin of 16.4% and a return on equity of 10.2%.
Is HQY overvalued or undervalued?
HEALTHEQUITY, INC. trades at about 42.9× trailing earnings — below its 10-year norm (10-year range 31.1×–686.2×, median 99.3×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for HQY?
The average Wall-Street price target for HEALTHEQUITY, INC. is $115.56, about 9.5% above the recent price, from 16 analysts (consensus: buy).
Is HQY a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on HEALTHEQUITY, INC.: a Piotroski F-score of 9/9, an Altman Z″ in the safe zone, a P/E of about 34.4×, a dividend yield of 0.68%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2026-01-31. Facts plus Stocktoria's own computed scores — not investment advice.