Definitive Healthcare vs Healthstream
Healthstream is the larger business, with $304m of revenue in fiscal 2025 against $242m for Definitive Healthcare (1.3 times as much). Healthstream grew faster (4.3% against -4.2%). Healthstream kept more of each dollar of sales as profit: a net margin of 6.0% against -57.5%. Healthstream carries less debt relative to equity (0.0% against 43.9%).
| Latest fiscal year | Definitive HealthcareDH, 2025 | HealthstreamHSTM, 2025 |
|---|---|---|
| Revenue | $242m | $304m |
| Revenue growth | -4.2% | 4.3% |
| Net income | −$139m | $18.3m |
| Operating margin | -92.9% | 6.7% |
| Net margin | -57.5% | 6.0% |
| Return on equity | -28.2% | 5.1% |
| Free cash flow | $37.1m | $59.6m |
| Cash | $164m | $36.2m |
| Total debt | $166m | $0 |
| Debt to equity | 43.9% | 0.0% |
| Dividend per share | — | $0.12 |
| Dividend yield | — | 0.4% |
| Share buybacks | $49.5m | $30.0m |
| Employees | — | — |
| Market value | $125m | $933m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 58 (Moderate) | 55 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 9 sales |