HealthEquity Inc (HQY)

Net profit margin

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Net income	US$ in thousands	55,712	-26,143	-44,289	8,834	39,664
Revenue	US$ in thousands	945,655	815,511	717,771	700,488	507,971
Net profit margin		5.89%	-3.21%	-6.17%	1.26%	7.81%

January 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $55,712K ÷ $945,655K
= 5.89%

HealthEquity Inc's net profit margin has fluctuated over the past five years, ranging from -6.17% in January 2022 to 7.81% in January 2020. The company experienced a negative net profit margin in two out of the five years, suggesting challenges in generating profits relative to its revenue during those periods. However, the net profit margin improved significantly in January 2020, reaching 7.81%, indicating a healthy level of profitability at that time. The most recent net profit margin as of January 2024 stands at 5.89%, reflecting a moderate profitability level. Overall, the trend indicates some variability in HealthEquity Inc's ability to translate its revenue into bottom-line profits, with the company showing improvements in certain years but also facing challenges in others.