Health Catalyst, Inc HCAT

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
47/100
Developing

About Health Catalyst, Inc

Health Catalyst, Inc. provides data and analytics technology and services to healthcare organizations in the United States. The company operates in two segments, Technology and Professional Services. It offers ignite data and analytics platform that provides clients a single comprehensive environment to integrate and organize data from their disparate software systems; and applications, a software analytics applications build for ignite … Full HCAT analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.77), suggesting sticky customer base.
  • Strong Liquidity Buffer Liquidity position is strong (score 0.61), providing operational cushion.

Key risks

  • ROIC Below WACC or Peers ROIC at 36.2th percentile suggests inefficient capital deployment.
  • Below-Peer Operating Efficiency Operating margin at 35.5th percentile indicates below-peer efficiency.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
39

Where HCAT ranks in Health Information Services

Health Catalyst, Inc ranks #29 of 68 scored companies in Health Information Services by moat score — the top 43%. The widest moat in the group is Veeva Systems Inc. (VEEV) at 88/100.

Moat scores for companies ranked near HCAT in Health Information Services
# Company Moat score Rating
25 Simulations Plus, Inc. SLP 51/100 Moderate
26 Talkspace, Inc. TALK 50/100 Moderate
27 Weave Communications, Inc. WEAV 49/100 Developing
28 Teladoc Health, Inc. TDOC 48/100 Developing
29 Health Catalyst, Inc HCAT 47/100 Developing
30 LifeMD, Inc. LFMD 47/100 Developing
31 LifeMD, Inc. - 8.875% Series A LFMDP 46/100 Developing
32 Tempus AI, Inc. TEM 44/100 Developing
33 So-Young International Inc. - A SY 43/100 Developing

See every General Corporate company ranked by moat score →

How HCAT scores on the Corporate Default defenses

Pricing Power

Score 39 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 57 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 58 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 32 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 50 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 53 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding HCAT's moat

What is Health Catalyst, Inc's moat score?

Health Catalyst, Inc (HCAT) scores 47 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #29 of 68 scored companies in Health Information Services, the top 43%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 67 companies in Health Information Services. Its strongest defense is Customer Stickiness (58/100) and its weakest is Capital Efficiency (32/100).

How does Health Catalyst, Inc compare with other Health Information Services companies?

Health Catalyst, Inc ranks #29 of 68 scored companies in Health Information Services by moat score. The widest moat in Health Information Services is Veeva Systems Inc. (VEEV) at 88/100. The companies ranked closest are Teladoc Health, Inc. (TDOC) at 48 just above it and LifeMD, Inc. (LFMD) at 47 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 67 companies in Health Information Services. The defenses are then weighted to produce the overall score out of 100.

Why is Health Catalyst, Inc scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Health Catalyst, Inc?

The Corporate Default template measures 6 defenses, and HCAT scores: Pricing Power (39), Cost Advantage (57), Customer Stickiness (58), Capital Efficiency (32), Resilience (50), Scale & Market Position (53). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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