COMPARE · Data as of August 21, 2026
HNGE vs HQY
Verdict: Side-by-side breakdown using the Bull Rankings model. HNGE scored 72.0, HQY scored 66.5 — HNGE leads.
Compare another set
HNGE
Hinge Health, Inc.
72
$88.42 · $7.1B
fundamentals as of
Score gap
5.5
HNGE 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
- CheapestHNGE10.8x
- Fastest growthHNGE+49.8%
- Strongest balance sheetHNGE0.02
- Highest qualityHNGE97 / 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)
HNGE
stronger →← stronger
HQY
97
Qualityreturns · margins · balance sheet
71
66
Growthrevenue & earnings expansion
62
71
Valuevaluation vs sector peers
67
HNGE is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
HNGE
HQY
$290mC
FCF
$488mC
+49.8%A
Rev
+7.6%B
0.02A-
D/E
0.48B
10.8xA
P/E
39.5xC+
0.36A
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
HNGE
HQY
5% above
Price vs fair valuelower is cheaper
6% below
~16%/yr
Growth the price implies10-yr FCF · lower = less priced in
~8%/yr
-27%
1-yr DCF upside
-9%
-5%
5-yr DCF upside
+7%
+43%
10-yr DCF upside
+34%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
HNGE
Why this score
- Short track record
HQY
Why this score
- Buying back stock
The companies
HNGEHinge Health, Inc.
Why now
Health Information Services · market cap $7.1b. 5% off the 52-week high of $93.13. Revenue growing +50% — in hypergrowth territory. PEG 0.36 — paying under fair value for the growth rate. 15 sell-side analysts rate this a Buy with a mean 1-yr target of $106.47 (implying +20% upside).
Moat
Net margin 15% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 32% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. 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
Value re-rating depends on a catalyst. Without one — analyst day, divestiture, margin recovery, capital return — the stock can stay cheap on these multiples for years.
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 HNGE and HQY diverge
On the headline score the gap is 5.5 points in favor of HNGE. The widest single difference is Quality, where HNGE leads by 25.9 points.
- QualityHNGE 96.5 · HQY 70.6HNGE +25.9
- GrowthHNGE 66.3 · HQY 62.3HNGE +4.0
- ValueHNGE 70.7 · HQY 66.9HNGE +3.8
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.