Health Catalyst profit margin HCAT
Gross, operating and net profit as a share of revenue over the last twelve months, from 2018.
- Net margin, 12 months
- −90.6%
- Operating margin, 12 months
- −84.4%
- Net margin on a year earlier
- −58.9 pts
- Peer median
- 6.2%
Over the twelve months to Jun 30, 2026, Health Catalyst kept −90.6% of its revenue as net profit, with an operating margin of −84.4% and a gross margin of 50.5%.
Five years earlier its net margin was −62.3%.
The median for 10 application software stocks of a similar size is 6.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −57.2% | −51.7% | 48.7% |
| FY2024 | −22.7% | −22.8% | 45.9% |
| FY2023 | −39.9% | −42.9% | 44.5% |
| FY2022 | −49.7% | −50.7% | 48.2% |
| FY2021 | −63.3% | −59.4% | 48.6% |
| FY2020 | −60.9% | −50.9% | 48.1% |
| FY2019 | −38.8% | −35.4% | 51.4% |
| FY2018 | −55.1% | −53.4% | 46.8% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −90.6% | −58.9 pts | −84.4% | |
| Q1 FY26 | −87.7% | −64.4 pts | −81.7% | |
| Q4 FY25 | −57.2% | −34.5 pts | −51.7% | |
| Q3 FY25 | −34.1% | −7.9 pts | −29.2% | |
| Q2 FY25 | −31.7% | −2.8 pts | −28.0% | |
| Q1 FY25 | −23.3% | +12.2 pts | −21.6% | |
| Q4 FY24 | −22.7% | +17.3 pts | −22.8% | |
| Q3 FY24 | −26.2% | +16.4 pts | −28.2% | |
| Q2 FY24 | −28.9% | +22.9 pts | −32.0% | |
| Q1 FY24 | −35.6% | +17.0 pts | −38.7% | |
| Q4 FY23 | −39.9% | +9.8 pts | −42.9% | |
| Q3 FY23 | −42.6% | +12.8 pts | −45.1% |
Against its peers
Companies in Software - Application nearest Health Catalyst's size, closest first, today.
| Company | Profit margin |
|---|---|
| HCATHealth Catalyst | −90.6% |
| TRAKReposiTrak | 32.5% |
| ALISCalisa Acquisition | n/m |
| EGHT8X8 | 0.6% |
| TZOOTravelzoo | 0.5% |
| ZIPZiprecruiter | 6.2% |
| OOMAOoma | 3.6% |
| CARSCars.com | 4.7% |
| IBEXIBEX | 7.2% |
| NRDSNerdwallet | 7.6% |
| MNTNMNTN | 18.0% |
| Peer median | 6.2% |
Where Health Catalyst ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Health Catalyst
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.