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Health Catalyst vs Healthstream

Health Catalyst and Healthstream are similar in size: $311m and $304m of revenue in their latest fiscal years. Healthstream grew faster (4.3% against 1.5%). Healthstream kept more of each dollar of sales as profit: a net margin of 6.0% against -57.2%. Healthstream carries less debt relative to equity (0.0% against 65.4%).

Latest fiscal yearHealth CatalystHCAT, 2025HealthstreamHSTM, 2025
Revenue $311m $304m
Revenue growth 1.5% 4.3%
Net income −$178m $18.3m
Operating margin -51.7% 6.7%
Net margin -57.2% 6.0%
Return on equity -58.3% 5.1%
Free cash flow −$237,000 $59.6m
Cash $50.8m $36.2m
Total debt $161m $0
Debt to equity 65.4% 0.0%
Dividend per share — $0.12
Dividend yield — 0.4%
Share buybacks $5.0m $30.0m
Employees 1,200 —
Market value $109m $933m
Price vs our value range — Below our value range
Moat score 9 (Weak) 55 (Moderate)
Insider trades, 12 months 1 buys, 2 sales 0 buys, 9 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.