WallStSmart

HealthEquity Inc (HQY)vsHeartflow, Inc. Common Stock (HTFL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

HealthEquity Inc generates 542% more annual revenue ($1.36B vs $212.07M). HQY leads profitability with a 17.4% profit margin vs -55.8%. HQY earns a higher WallStSmart Score of 62/100 (C+).

HQY

Buy

62

out of 100

Grade: C+

Growth: 6.7Profit: 7.5Value: 6.7Quality: 7.5
Piotroski: 7/9Altman Z: 1.86

HTFL

Avoid

30

out of 100

Grade: F

Growth: 8.0Profit: 2.0Value: 5.0Quality: 7.0
Piotroski: 4/9Altman Z: -1.02
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

HQYUndervalued (+58.5%)

Margin of Safety

+58.5%

Fair Value

$185.20

Current Price

$96.26

$88.94 discount

UndervaluedFair: $185.20Overvalued

Intrinsic value data unavailable for HTFL.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HQY1 strengths · Avg: 8.0/10
Operating MarginProfitability
28.4%8/10

Strong operational efficiency at 28.4%

HTFL2 strengths · Avg: 10.0/10
Revenue GrowthGrowth
47.6%10/10

Revenue surging 47.6% year-over-year

Debt/EquityHealth
0.1010/10

Conservative balance sheet, low leverage

Areas to Watch

HQY2 concerns · Avg: 4.0/10
P/E RatioValuation
33.7x4/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
1.864/10

Grey zone — moderate risk

HTFL4 concerns · Avg: 3.0/10
Price/BookValuation
15.4x4/10

Trading at 15.4x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Return on EquityProfitability
-135.3%2/10

ROE of -135.3% — below average capital efficiency

Free Cash FlowQuality
$-10.50M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : HQY

The strongest argument for HQY centers on Operating Margin. Profitability is solid with margins at 17.4% and operating margin at 28.4%. PEG of 1.40 suggests the stock is reasonably priced for its growth.

Bull Case : HTFL

The strongest argument for HTFL centers on Revenue Growth, Debt/Equity. Revenue growth of 47.6% demonstrates continued momentum.

Bear Case : HQY

The primary concerns for HQY are P/E Ratio, Altman Z-Score.

Bear Case : HTFL

The primary concerns for HTFL are Price/Book, EPS Growth, Return on Equity.

Key Dynamics to Monitor

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

HTFL is growing revenue faster at 47.6% — sustainability is the question.

HQY generates stronger free cash flow (135M), providing more financial flexibility.

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

Bottom Line

HQY scores higher overall (62/100 vs 30/100), backed by strong 17.4% margins. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

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.

Heartflow, Inc. Common Stock

HEALTHCARE · HEALTH INFORMATION SERVICES · USA

HeartFlow, Inc., a medical technology company, provides non-invasive solutions for diagnosing and managing coronary artery diseases globally. The company is headquartered in Mountain View, California.

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