Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: HQY stock price vs HD: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at HD's multiple
Needs HD P/E.
Implied fair value · at HQY's multiple
Needs HQY P/E.
Live quote
Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: HQY FY 2026 (ended Jan 31, 2026) · HD FY 2026 (ended Feb 1, 2026). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
HEALTHEQUITY, INC. · implied price per share
Bear
$41.41
Base
$48.72
Bull
$56.03
HOME DEPOT, INC. · implied price per share
Bear
$83.95
Base
$98.77
Bull
$113.59
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.46x
4.00x
Net debt / EBITDA
Leverage against operating earnings
1.13x
2.12x
Cash and equivalents
Liquid reserves on the balance sheet
$359.72M
$1.40B
Total debt
Interest-bearing obligations outstanding
$974.88M
$51.31B
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
Paylocity Holding Corp
HQY vs PCTY
Paycom Software, Inc.
HQY vs PAYC
AUTOMATIC DATA PROCESSING INC
HQY vs ADP
WEX Inc.
HQY vs WEX
LOWES COMPANIES INC
HQY vs LOW
FASTENAL CO
HQY vs FAST
W.W. GRAINGER, INC.
HQY vs GWW
STANLEY BLACK & DECKER, INC.
HQY vs SWK
WHIRLPOOL CORP /DE/
HQY vs WHR
TRACTOR SUPPLY CO /DE/
HQY vs TSCO
Live quote
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
Based on an earlier data snapshot. Review the filing dates below or refresh after signing in.
If you believe HQY can sustain its 9.5% revenue growth and 24.6% operating margin without a rerating, then the current valuation looks hard to justify and a cautious or underweight stance makes sense because the P/E-based implied price is $61.87 versus a current price of $95.31.
HQY trades at a current price of $95.31 versus an implied P/E-based price of $61.87, implying -35.1% downside. HD-implied range is broad, but the current price is above the DCF range and near the top of the historical band, suggesting the market is already pricing in a lot of optimism.
Supporting Metrics
