HealthEquity Inc (HQY) — Free Cash Flow Generation Index
HealthEquity Inc (HQY) has a Free Cash Flow Generation Index of 0.86x as of January 2026. Free cash flow of $101.53 Million represents 1% of operating cash flow ($117.92 Million). Explore HealthEquity Inc capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
HealthEquity Inc Free Cash Flow Generation Index (2013–2026)
Historical FCF Generation Index trend for HealthEquity Inc across 14 annual periods. For the full cash flow conversion analysis, see HealthEquity Inc operating cash flow efficiency.
Annual Free Cash Flow Generation for HealthEquity Inc (2013–2026)
Year-by-year Free Cash Flow Generation Index for HealthEquity Inc. Check HQY total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2026 | 1.00x | $455.12 Million | $457.09 Million | $1.97 Million | ▲ +0.2% |
| 2025 | 0.99x | $337.77 Million | $339.86 Million | $2.08 Million | ▲ +22.7% |
| 2024 | 0.81x | $196.75 Million | $242.83 Million | $46.07 Million | ▲ +287.2% |
| 2023 | 0.21x | $31.52 Million | $150.65 Million | $119.13 Million | ▲ +653.8% |
| 2022 | 0.03x | $3.91 Million | $141.00 Million | $137.08 Million | ▼ -94.0% |
| 2021 | 0.47x | $84.66 Million | $181.62 Million | $96.96 Million | ▼ -22.6% |
| 2020 | 0.60x | $63.78 Million | $105.86 Million | $42.07 Million | ▼ -30.5% |
| 2019 | 0.87x | $98.38 Million | $113.42 Million | $15.04 Million | ▲ +46.7% |
| 2018 | 0.59x | $48.32 Million | $81.70 Million | $33.38 Million | ▼ -18.1% |
| 2017 | 0.72x | $32.92 Million | $45.59 Million | $12.68 Million | ▲ +182.5% |
| 2016 | -0.87x | $-23.22 Million | $26.54 Million | $49.76 Million | ▼ -290.4% |
| 2015 | 0.46x | $6.91 Million | $15.05 Million | $8.13 Million | ▼ -34.2% |
| 2014 | 0.70x | $12.58 Million | $18.02 Million | $5.44 Million | ▼ -9.0% |
| 2013 | 0.77x | $9.03 Million | $11.77 Million | $2.74 Million | — |