HealthEquity Inc (HQY) - Net Assets
Based on the latest financial reports, HealthEquity Inc (HQY) has net assets worth $2.11 Billion USD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.43 Billion) and total liabilities ($1.32 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is HealthEquity Inc's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.11 Billion |
| % of Total Assets | 61.4% |
| Annual Growth Rate | 36.19% |
| 5-Year Change | 13.74% |
| 10-Year Change | 704.46% |
| Growth Volatility | 84.66 |
HealthEquity Inc - Net Assets Trend (2013–2026)
This chart illustrates how HealthEquity Inc's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of HealthEquity Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for HealthEquity Inc (2013–2026)
The table below shows the annual net assets of HealthEquity Inc from 2013 to 2026. For live valuation and market cap data, see HQY company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-01-31 | $2.11 Billion | -0.36% |
| 2025-01-31 | $2.11 Billion | +3.93% |
| 2024-01-31 | $2.04 Billion | +7.35% |
| 2023-01-31 | $1.90 Billion | +2.32% |
| 2022-01-31 | $1.85 Billion | +34.37% |
| 2021-01-31 | $1.38 Billion | +33.82% |
| 2020-01-31 | $1.03 Billion | +115.96% |
| 2019-01-31 | $477.08 Million | +37.77% |
| 2018-01-31 | $346.27 Million | +32.20% |
| 2017-01-31 | $261.94 Million | +28.74% |
| 2016-01-31 | $203.46 Million | +41.20% |
| 2015-01-31 | $144.09 Million | +323.71% |
| 2014-01-31 | $34.01 Million | -10.50% |
| 2013-01-31 | $38.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HealthEquity Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 21497500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $195.91 Million | 9.30% |
| Common Stock | $8.00K | 0.00% |
| Other Comprehensive Income | $-5.71 Million | -0.27% |
| Other Components | $1.92 Billion | 90.97% |
| Total Equity | $2.11 Billion | 100.00% |
HealthEquity Inc Competitors by Market Cap
The table below lists competitors of HealthEquity Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Phoenix Mills Limited
NSE:PHOENIXLTD
|
$7.17 Billion |
|
Flughafen Zurich
SW:FHZN
|
$7.18 Billion |
|
Sejahteraraya Anugrahjaya Tbk
JK:SRAJ
|
$7.19 Billion |
|
Korean Air Lines Co
KO:003490
|
$7.20 Billion |
|
Nemetschek AG O.N.
XETRA:NEM
|
$7.17 Billion |
|
New Oriental Education & Technology
NYSE:EDU
|
$7.16 Billion |
|
Silicon Laboratories Inc
NASDAQ:SLAB
|
$7.16 Billion |
|
Terex Corporation
NYSE:TEX
|
$7.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HealthEquity Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 2,114,911,000 to 2,107,196,000, a change of -7,715,000 (-0.4%).
- Net income of 215,201,000 contributed positively to equity growth.
- Share repurchases of 299,254,000 reduced equity.
- Other comprehensive income decreased equity by 5,707,000.
- Other factors increased equity by 82,045,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $215.20 Million | +10.21% |
| Share Repurchases | $299.25 Million | -14.2% |
| Other Comprehensive Income | $-5.71 Million | -0.27% |
| Other Changes | $82.05 Million | +3.89% |
| Total Change | $- | -0.36% |
Book Value vs Market Value Analysis
This analysis compares HealthEquity Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 109.72x to 3.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-01-31 | $0.78 | $85.21 | x |
| 2014-01-31 | $0.75 | $85.21 | x |
| 2015-01-31 | $2.78 | $85.21 | x |
| 2016-01-31 | $3.46 | $85.21 | x |
| 2017-01-31 | $4.37 | $85.21 | x |
| 2018-01-31 | $5.60 | $85.21 | x |
| 2019-01-31 | $7.53 | $85.21 | x |
| 2020-01-31 | $15.05 | $85.21 | x |
| 2021-01-31 | $18.22 | $85.21 | x |
| 2022-01-31 | $22.28 | $85.21 | x |
| 2023-01-31 | $22.45 | $85.21 | x |
| 2024-01-31 | $23.40 | $85.21 | x |
| 2025-01-31 | $23.81 | $85.21 | x |
| 2026-01-31 | $24.09 | $85.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HealthEquity Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.21%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.38%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.63x
- Recent ROE (10.21%) is above the historical average (7.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 31.37% | 24.23% | 1.00x | 1.30x | $7.61 Million |
| 2014 | 3.63% | 1.99% | 1.13x | 1.62x | $-2.17 Million |
| 2015 | 7.06% | 11.57% | 0.55x | 1.10x | $-4.24 Million |
| 2016 | 8.17% | 13.10% | 0.58x | 1.08x | $-3.73 Million |
| 2017 | 10.07% | 14.79% | 0.64x | 1.07x | $182.00K |
| 2018 | 13.68% | 20.63% | 0.62x | 1.07x | $12.73 Million |
| 2019 | 15.49% | 25.73% | 0.56x | 1.07x | $26.19 Million |
| 2020 | 3.85% | 7.46% | 0.21x | 2.49x | $-63.37 Million |
| 2021 | 0.64% | 1.20% | 0.27x | 1.97x | $-129.04 Million |
| 2022 | -2.39% | -5.85% | 0.24x | 1.68x | $-229.55 Million |
| 2023 | -1.38% | -3.03% | 0.28x | 1.63x | $-215.71 Million |
| 2024 | 2.74% | 5.57% | 0.32x | 1.55x | $-147.79 Million |
| 2025 | 4.57% | 8.06% | 0.35x | 1.63x | $-114.79 Million |
| 2026 | 10.21% | 16.38% | 0.38x | 1.63x | $4.48 Million |
Industry Comparison
This section compares HealthEquity Inc's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $315,296,744
- Average return on equity (ROE) among peers: -37.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HealthEquity Inc (HQY) | $2.11 Billion | 31.37% | 0.63x | $7.17 Billion |
| Aclarion Inc (ACON) | $2.23 Million | -317.55% | 0.31x | $1.82 Million |
| American Well Corp (AMWL) | $-204.41 Million | 0.00% | 0.00x | $126.97 Million |
| Heartbeam Inc (BEAT) | $310.49 Million | 13.79% | 0.89x | $40.74 Million |
| Bullfrog AI Holdings, Inc. Common Stock (BFRG) | $-540.52K | 0.00% | 0.00x | $6.51 Million |
| BrightSpring Health Services, Inc. Common Stock (BTSG) | $784.08 Million | -6.88% | 5.94x | $10.63 Billion |
| Carlsmed, Inc. Common Stock (CARL) | $-70.63 Million | 0.00% | 0.00x | $273.75 Million |
| CareCloud, Inc. (CCLD) | $41.72 Million | -116.68% | 0.87x | $92.63 Million |
| Certara Inc (CERT) | $492.77 Million | -6.75% | 1.13x | $881.63 Million |
| CareMax Inc (CMAX) | $6.73 Million | 88.33% | 4.72x | $381.50 |
| Claritev Corporation (CTEV) | $1.79 Billion | -32.00% | 3.12x | $460.29 Million |
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 Consoli… Read more