HealthEquity (FRA:2HE) EBITDA Margin %: 40.38% (As of Apr. 2026) — 43% Above Median


FRA:2HE HealthEquity Inc FRA:2HE
92 GF Score
Price €72.00
GF Value €83.82
! 1 Warning Sign
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What is HealthEquity EBITDA Margin %?

HealthEquity FRA:2HE -4.00% 92 EBITDA Margin % is 40.38% as of Apr. 2026, which is 43% above its 10-year median of 28.32. GuruFocus rates FRA:2HE with a GF Score™ of 92/100 and a GF Value™ of €83.82. The stock has 1 warning sign investors should review. Among 665 Healthcare Providers & Services companies, HealthEquity ranks better than 95.34% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. HealthEquity's EBITDA for the three months ended in Apr. 2026 was €122 Mil. HealthEquity's Revenue for the three months ended in Apr. 2026 was €303 Mil. Therefore, HealthEquity's EBITDA margin for the quarter that ended in Apr. 2026 was 40.38%.


HealthEquity  (FRA:2HE) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


HealthEquity EBITDA Margin % Related Terms


HealthEquity EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for HealthEquity's EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HealthEquity EBITDA Margin % Chart

HealthEquity Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.15 19.90 28.37 28.27 37.25

HealthEquity Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.65 40.34 37.36 33.73 40.38

FRA:2HE vs HNGE, TEM, TXG: EBITDA Margin % Comparison

For the Health Information Services subindustry, HealthEquity's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HealthEquity EBITDA Margin % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, HealthEquity's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where HealthEquity's EBITDA Margin % falls into.


FRA:2HE
92GF Score
HealthEquity Inc FRA:2HE
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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HealthEquity EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

HealthEquity's EBITDA Margin % for the fiscal year that ended in Jan. 2026 is calculated as

EBITDA Margin %=EBITDA (A: Jan. 2026 )/Revenue (A: Jan. 2026 )
=416.326/1117.728
=37.25 %

HealthEquity's EBITDA Margin % for the quarter that ended in Apr. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=122.449/303.218
=40.38 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 40.38% mean?
HealthEquity (FRA:2HE) has a EBITDA Margin % of 40.38% as of Apr. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on HealthEquity and its competitors. This is 43% above median its historical median of 28.32. Over the past decade, HealthEquity's EBITDA Margin % has ranged from 14.15 to 37.98. According to the industry distribution chart, HealthEquity ranks #31 out of 665 companies in the Healthcare Providers & Services industry, placing it in the top 4.7%.
Is HealthEquity's EBITDA Margin % too high?
HealthEquity's current EBITDA Margin % of 40.38% is 43% above median its 10-year median of 28.32. Over the past 10 years, this metric has ranged from a low of 14.15 to a high of 37.98. The Healthcare Providers & Services industry median EBITDA Margin % is 10.24. HealthEquity's value of 40.38% is 294.3% above this industry median. Based on the distribution chart, HealthEquity ranks #31 out of 665 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, HealthEquity has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does HealthEquity's EBITDA Margin % compare to HNGE and TEM?
According to the Healthcare Providers & Services industry distribution chart, HealthEquity ranks #31 out of 665 companies for EBITDA Margin %. This places HealthEquity in the top 5% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 10.24. HealthEquity's value of 40.38% is 294.3% above this benchmark. Historically, HealthEquity's own EBITDA Margin % has ranged from 14.15 to 37.98 over the past decade. While the company's 10-year median is 28.32 vs. the industry median of 10.24, HealthEquity has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Healthcare Providers & Services company?
The median EBITDA Margin % among Healthcare Providers & Services companies is 10.24, based on 665 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HealthEquity's current EBITDA Margin % of 40.38% is 294.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on HealthEquity and its competitors. For the Healthcare Providers & Services industry, the median EBITDA Margin % is 10.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HealthEquity's current EBITDA Margin % is 40.38%, which is 43% above median its own 10-year median of 28.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HealthEquity stock overvalued right now?
HealthEquity (FRA:2HE) has a current EBITDA Margin % of 40.38%. The stock's GF Value™ is €83.82, compared to a current price of €72.00 — trading 14.1% below its estimated fair value. The current EBITDA Margin % is 40.38%, which is 43% above median its 10-year median of 28.32 and 294.3% above the Healthcare Providers & Services industry median of 10.24. HealthEquity's overall GF Score™ is 92/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For HealthEquity (FRA:2HE), the current EBITDA Margin % is 40.38% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HealthEquity (FRA:2HE) Overvalued in 2026?

Based on GuruFocus' analysis, HealthEquity stock appears to be undervalued. The current stock price of €72.00 is trading 14.1% below its estimated GF Value™ of €83.82.

Key valuation signals for FRA:2HE:

  • EBITDA Margin %: 40.38% (43% above median its 10-year median of 28.32)
  • GF Value™: €83.82 vs. price of €72.00 (14.1% below fair value)
  • GF Score™: 92/100 with 1 warning sign
  • Industry Position: 294.3% above the Healthcare Providers & Services median (#31 of 665)

No single metric tells the full story. See the FRA:2HE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HealthEquity Business Description

Other Exchanges HQY:USA
Address 15 West Scenic Pointe Drive, Suite 100, Draper, UT, USA, 84020
HealthEquity Inc provides solutions that allow consumers to make healthcare saving and spending decisions. It provides payment processing services, personalized benefit information, the ability to earn wellness incentives, and investment advice to grow their tax-advantaged healthcare savings. It manages consumers' tax-advantaged health savings accounts (HSAs) and other consumer-directed benefits (CDBs) offered by employers, including flexible spending accounts and health reimbursement arrangements (FSAs and HRAs), and administers Consolidated Omnibus Budget Reconciliation Act (COBRA), commuter and other benefits. It also provides investment advisory services to customers whose account balances exceed a certain threshold. HealthEquity generates its revenue in the United States.
92GF Score

Get the complete analysis for FRA:2HE

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€72.00
Price
€83.82
GF Value