HealthEquity Inc (HQY)

Net profit margin

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Net income (ttm)	US$ in thousands	55,712	29,139	12,825	-8,410	-26,143	-58,752	-62,149	-55,313	-44,289	-6,104	723	4,393	8,834	3,277	-19,846	-332	39,664	52,973	89,993	93,144
Revenue (ttm)	US$ in thousands	958,410	916,132	884,134	848,438	815,511	788,427	748,466	735,565	717,815	706,638	714,959	700,254	700,489	719,841	694,134	614,980	525,114	399,691	323,044	305,671
Net profit margin		5.81%	3.18%	1.45%	-0.99%	-3.21%	-7.45%	-8.30%	-7.52%	-6.17%	-0.86%	0.10%	0.63%	1.26%	0.46%	-2.86%	-0.05%	7.55%	13.25%	27.86%	30.47%

January 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $55,712K ÷ $958,410K
= 5.81%

The net profit margin of HealthEquity Inc has shown fluctuations over the historical period, ranging from a low of -8.30% in July 2022 to a high of 30.47% in Jul 2019. The trend indicates a mix of positive and negative profitability performance over time, with some periods experiencing negative margins. The company saw improvements in profitability in recent quarters, with the margin increasing from negative levels in Apr 2021 to positive figures in Jan 2022. However, the margin declined in the latest reported quarter, reaching 5.81% in Jan 2024. This variation in margins suggests that HealthEquity's ability to generate profits relative to its revenue has been inconsistent, reflecting changing business conditions or operational efficiency. Further analysis is needed to understand the factors driving these fluctuations and the implications for the company's financial health.