COMPARE · Data as of August 21, 2026
BTSG vs HQY
Verdict: Side-by-side breakdown using the Bull Rankings model. BTSG scored 54.3, HQY scored 66.5 — HQY leads.
Compare another set
BTSG
BrightSpring Health Services, Inc.
54.3
$58.87 · $11.6B
fundamentals as of
Score gap
12.2
HQY leads
HQY
HealthEquity, Inc.
66.5
$105.41 · $8.8B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestHQY39.5x
- Fastest growthBTSG+26.4%
- Strongest balance sheetHQY0.48
- Highest qualityHQY71 / 100
- Largest discount to fair valueHQY-6%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
BTSG
stronger →← stronger
HQY
51
Qualityreturns · margins · balance sheet
71
92
Growthrevenue & earnings expansion
62
34
Valuevaluation vs sector peers
67
HQY is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
BTSG
HQY
$402mC
FCF
$488mC
+26.4%A-
Rev
+7.6%B
1.16C
D/E
0.48B
52.6xC
P/E
39.5xC+
2.11C
PEG
1.35B
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
BTSG
HQY
112% above
Price vs fair valuelower is cheaper
6% below
~37%/yr
Growth the price implies10-yr FCF · lower = less priced in
~8%/yr
-64%
1-yr DCF upside
-9%
-53%
5-yr DCF upside
+7%
-33%
10-yr DCF upside
+34%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
BTSG
Why this score
- Diluting shareholders
- Short track record
HQY
Why this score
- Buying back stock
The companies
BTSGBrightSpring Health Services, Inc.
Why now
Health Information Services · market cap $11.6b. Down 20% from 52-week high of $73.75 — deep drawdown territory. Revenue growing +26% — in hypergrowth territory. 17 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $78.94 (implying +34% upside).
Moat
ROE 18% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 110% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Trailing P/E 52.6x prices in sustained high growth — any quarter that disappoints triggers sharp re-rating. Beta 1.88 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Net margin 2.5% is thin — operating leverage cuts both ways; input-cost inflation or pricing pressure hits the bottom line first.
HQYHealthEquity, Inc.
Why now
Health Information Services · market cap $8.8b. Trading near 52-week high of $107.62 — momentum setup, limited technical margin of safety. 15 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $118.53 (implying +12% upside).
Moat
Net margin 17% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 11% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Trading within 2% of the 52-week high — limited technical margin of safety; a momentum reversal would test conviction. Trailing P/E 39x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where BTSG and HQY diverge
On the headline score the gap is 12.2 points in favor of HQY. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.
- ValueBTSG 34.4 · HQY 66.9HQY +32.5
- GrowthBTSG 92.0 · HQY 62.3BTSG +29.7
- QualityBTSG 50.6 · HQY 70.6HQY +20.0
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.