HealthEquity Inc (HQY)

Net profit margin

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	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
Net income (ttm)	US$ in thousands	96,703	96,702	105,672	80,431	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
Revenue (ttm)	US$ in thousands	1,203,871	1,153,288	1,088,356	1,018,339	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
Net profit margin		8.03%	8.38%	9.71%	7.90%	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%

January 31, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $96,703K ÷ $1,203,871K
= 8.03%

HealthEquity Inc's net profit margin has shown a fluctuating trend over the period from April 2020 to January 2025. The company started with negative net profit margins in April 2020 and continued to have negative margins until October 2020. However, there was a significant improvement in the net profit margin in January 2021, reaching 1.26%.

Subsequently, the net profit margin fluctuated, with both positive and negative margins, until July 2024, where it reached 9.71%, indicating a substantial increase in profitability. The margin slightly decreased in October 2024 and January 2025 but remained relatively high at 8.03%.

Overall, HealthEquity Inc has made significant progress in improving its profitability over the analyzed period, with the net profit margin showing an increasing trend from 2020 to 2024, reaching levels above 8%.