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 WH: 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 WH's multiple
Needs WH P/E.
Implied fair value · at HQY's multiple
Needs HQY P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: HQY FY 2026 (ended Jan 31, 2026) · WH FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 89% equity / 11% debt · EV / Revenue 6.54x · EV / EBITDA 17.72x
Capital structure 68% equity / 32% debt · EV / Revenue 5.44x · EV / EBITDA 12.84x
HQY carries the larger enterprise value at $8.58B against $7.78B; WH trades on the lower EV / Revenue multiple (5.44x vs 6.54x); WH on the lower EV / EBITDA (12.84x vs 17.72x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
HEALTHEQUITY, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Wyndham Hotels & Resorts, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
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.
Debt / equity
Total debt against shareholders' equity
0.45x
5.37x
Net debt / EBITDA
Leverage against operating earnings
1.32x
4.04x
Cash and equivalents
Liquid reserves on the balance sheet
$318.93M
$64.00M
Total debt
Interest-bearing obligations outstanding
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
MARRIOTT INTERNATIONAL INC /MD/
HQY vs MAR
Hilton Worldwide Holdings Inc.
HQY vs HLT
CHOICE HOTELS INTERNATIONAL INC /DE
HQY vs CHH
HOST HOTELS & RESORTS, INC.
HQY vs HST
$957.38M
$2.52B
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.
