WallStSmart

Hinge Health, Inc. (HNGE)vsHealthEquity Inc (HQY)

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Smart Verdict

WallStSmart Research — data-driven comparison

HealthEquity Inc generates 103% more annual revenue ($1.31B vs $646.34M). HQY leads profitability with a 16.4% profit margin vs -78.9%. HQY earns a higher WallStSmart Score of 66/100 (B-).

HNGE

Hold

36

out of 100

Grade: F

Growth: 7.3Profit: 3.5Value: 6.0Quality: 5.0
Piotroski: 3/9Altman Z: -2.71

HQY

Strong Buy

66

out of 100

Grade: B-

Growth: 8.0Profit: 7.0Value: 6.7Quality: 6.5
Piotroski: 4/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

HNGEUndervalued (+23.6%)

Margin of Safety

+23.6%

Fair Value

$50.74

Current Price

$56.02

$5.28 discount

UndervaluedFair: $50.74Overvalued
HQYUndervalued (+54.2%)

Margin of Safety

+54.2%

Fair Value

$168.11

Current Price

$84.84

$83.27 discount

UndervaluedFair: $168.11Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HNGE2 strengths · Avg: 10.0/10
Revenue GrowthGrowth
47.2%10/10

Revenue surging 47.2% year-over-year

Debt/EquityHealth
0.0210/10

Conservative balance sheet, low leverage

HQY2 strengths · Avg: 9.0/10
EPS GrowthGrowth
92.4%10/10

Earnings expanding 92.4% YoY

Operating MarginProfitability
21.6%8/10

Strong operational efficiency at 21.6%

Areas to Watch

HNGE4 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Price/BookValuation
39.5x2/10

Trading at 39.5x book value

Return on EquityProfitability
-136.0%2/10

ROE of -136.0% — below average capital efficiency

EPS GrowthGrowth
-94.4%2/10

Earnings declined 94.4%

HQY1 concerns · Avg: 4.0/10
P/E RatioValuation
34.1x4/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : HNGE

The strongest argument for HNGE centers on Revenue Growth, Debt/Equity. Revenue growth of 47.2% demonstrates continued momentum.

Bull Case : HQY

The strongest argument for HQY centers on EPS Growth, Operating Margin. Profitability is solid with margins at 16.4% and operating margin at 21.6%. PEG of 1.19 suggests the stock is reasonably priced for its growth.

Bear Case : HNGE

The primary concerns for HNGE are Piotroski F-Score, Price/Book, Return on Equity.

Bear Case : HQY

The primary concerns for HQY are P/E Ratio.

Key Dynamics to Monitor

HNGE profiles as a hypergrowth stock while HQY is a mature play — different risk/reward profiles.

HNGE is growing revenue faster at 47.2% — sustainability is the question.

HQY generates stronger free cash flow (102M), providing more financial flexibility.

Monitor HEALTH INFORMATION SERVICES industry trends, competitive dynamics, and regulatory changes.

Bottom Line

HQY scores higher overall (66/100 vs 36/100), backed by strong 16.4% margins. HNGE offers better value entry with a 23.6% margin of safety. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Hinge Health, Inc.

HEALTHCARE · HEALTH INFORMATION SERVICES · USA

Hinge Health, Inc. develops health care software for joint and muscle health. The company is headquartered in San Francisco, California.

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HealthEquity Inc

HEALTHCARE · HEALTH INFORMATION SERVICES · USA

HealthEquity, Inc. provides technology-enabled service platforms to consumers and employers in the United States. The company is headquartered in Draper, Utah.

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