Healthequity, Inc.
$8.58B- Market cap
- $7.95B
- Debt
- +$957.38M
- Cash
- −$318.93M
Capital structure 89% equity / 11% debt · EV / Revenue 6.54x · EV / EBITDA 17.72x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: HQY stock price at premium vs WHR $96.07 current versus $17.08 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at WHR's multiple
Implied fair value · at HQY's multiple
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
Premium justified
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: HQY FY 2026 (ended Jan 31, 2026) · WHR 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 28% equity / 72% debt · EV / Revenue 0.56x · EV / EBITDA 7.50x
WHR carries the larger enterprise value at $8.65B against $8.58B; WHR trades on the lower EV / Revenue multiple (0.56x vs 6.54x); WHR on the lower EV / EBITDA (7.50x 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.
WHIRLPOOL CORP /DE/ · implied price per share
Bear
-$46.25
Base
-$39.05
Bull
-$26.28
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
2.48x
Net debt / EBITDA
Leverage against operating earnings
1.32x
5.28x
Cash and equivalents
Liquid reserves on the balance sheet
$318.93M
$669.00M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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$957.38M
$6.76B
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe HQY can sustain high-teens quality economics and mid-single-digit-to-high-single-digit growth, then hold or accumulate on weakness because its operating margins, ROIC, and balance sheet are much stronger than WHR’s; otherwise, avoid chasing the current price because WHR-based valuation and DCF range imply limited margin of safety.
HQY trades at a large apparent discount to WHR-based implied price model, but the comparison is distorted because WHR is a far lower-multiple, lower-growth industrial WHR. The model’s implied price of $16.56 versus HQY’s current price of $95.31 suggests -82.6% downside, yet HQY’s own historical band and DCF range are much closer to the current price.
Supporting Metrics