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HealthStream Valuation Multiples

Discover revenue and EBITDA valuation multiples for HealthStream and similar public comparables like Echo IQ, Doctor Care Anywhere, and CurveBeam AI.

HealthStream Overview

About HealthStream

HealthStream Inc provides workforce and provider solutions for healthcare organizations. Its reportable segments include Workforce Solutions and Provider Solutions. Workforce development solutions consist of SaaS, subscription-based products that are used by healthcare organizations. Its Provider Solutions products offer healthcare organizations software applications for administering and tracking provider credentialing, privileging, call center and enrollment activities. The company generates a majority of its revenue from Subscription Services.


Founded

1990

HQ

United States of America
Employees

1.1K+

Financials

LTM Revenue $295M

LTM EBITDA $68.1M

EV

$758M

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HealthStream Financials

HealthStream has a last 12-month revenue (LTM) of $295M and a last 12-month EBITDA of $68.1M.

In the most recent fiscal year, HealthStream achieved revenue of $292M and an EBITDA of $62.5M.

HealthStream expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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HealthStream P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $295M XXX $292M XXX XXX XXX
Gross Profit $196M XXX $194M XXX XXX XXX
Gross Margin 66% XXX 66% XXX XXX XXX
EBITDA $68.1M XXX $62.5M XXX XXX XXX
EBITDA Margin 23% XXX 21% XXX XXX XXX
EBIT $22.3M XXX $21.3M XXX XXX XXX
EBIT Margin 8% XXX 7% XXX XXX XXX
Net Profit $20.3M XXX $20.0M XXX XXX XXX
Net Margin 7% XXX 7% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

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HealthStream Stock Performance

As of May 30, 2025, HealthStream's stock price is $28.

HealthStream has current market cap of $855M, and EV of $758M.

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HealthStream Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$758M $855M XXX XXX XXX XXX $0.65

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HealthStream Valuation Multiples

As of May 30, 2025, HealthStream has market cap of $855M and EV of $758M.

HealthStream's trades at 2.6x EV/Revenue multiple, and 12.1x EV/EBITDA.

Equity research analysts estimate HealthStream's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

HealthStream has a P/E ratio of 42.1x.

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HealthStream Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $855M XXX $855M XXX XXX XXX
EV (current) $758M XXX $758M XXX XXX XXX
EV/Revenue 2.6x XXX 2.6x XXX XXX XXX
EV/EBITDA 11.1x XXX 12.1x XXX XXX XXX
EV/EBIT 34.0x XXX 35.6x XXX XXX XXX
EV/Gross Profit 3.9x XXX n/a XXX XXX XXX
P/E 42.1x XXX 42.7x XXX XXX XXX
EV/FCF 21.4x XXX 25.7x XXX XXX XXX

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HealthStream Margins & Growth Rates

HealthStream's last 12 month revenue growth is 4%

HealthStream's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.

HealthStream's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

HealthStream's rule of X is 33% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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HealthStream Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 4% XXX 4% XXX XXX XXX
EBITDA Margin 23% XXX 21% XXX XXX XXX
EBITDA Growth 6% XXX 11% XXX XXX XXX
Rule of 40 24% XXX 25% XXX XXX XXX
Bessemer Rule of X XXX XXX 33% XXX XXX XXX
Revenue per Employee XXX XXX $0.3M XXX XXX XXX
Opex per Employee XXX XXX $0.2M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 16% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 17% XXX XXX XXX
Opex to Revenue XXX XXX 59% XXX XXX XXX

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HealthStream Public Comps

See public comps and valuation multiples for Healthcare Software comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Benevolent AI XXX XXX XXX XXX XXX XXX
Alcidion Group XXX XXX XXX XXX XXX XXX
CurveBeam AI XXX XXX XXX XXX XXX XXX
Doctor Care Anywhere XXX XXX XXX XXX XXX XXX
Echo IQ XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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HealthStream M&A and Investment Activity

HealthStream acquired  XXX companies to date.

Last acquisition by HealthStream was  XXXXXXXX, XXXXX XXXXX XXXXXX . HealthStream acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by HealthStream

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About HealthStream

When was HealthStream founded? HealthStream was founded in 1990.
Where is HealthStream headquartered? HealthStream is headquartered in United States of America.
How many employees does HealthStream have? As of today, HealthStream has 1.1K+ employees.
Who is the CEO of HealthStream? HealthStream's CEO is Mr. Robert A. Frist,Jr.
Is HealthStream publicy listed? Yes, HealthStream is a public company listed on NAS.
What is the stock symbol of HealthStream? HealthStream trades under HSTM ticker.
When did HealthStream go public? HealthStream went public in 2000.
Who are competitors of HealthStream? Similar companies to HealthStream include e.g. Benevolent AI, Alcidion Group, CurveBeam AI, Doctor Care Anywhere.
What is the current market cap of HealthStream? HealthStream's current market cap is $855M
What is the current revenue of HealthStream? HealthStream's last 12 months revenue is $295M.
What is the current revenue growth of HealthStream? HealthStream revenue growth (NTM/LTM) is 4%.
What is the current EV/Revenue multiple of HealthStream? Current revenue multiple of HealthStream is 2.6x.
Is HealthStream profitable? Yes, HealthStream is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of HealthStream? HealthStream's last 12 months EBITDA is $68.1M.
What is HealthStream's EBITDA margin? HealthStream's last 12 months EBITDA margin is 23%.
What is the current EV/EBITDA multiple of HealthStream? Current EBITDA multiple of HealthStream is 11.1x.
What is the current FCF of HealthStream? HealthStream's last 12 months FCF is $35.4M.
What is HealthStream's FCF margin? HealthStream's last 12 months FCF margin is 12%.
What is the current EV/FCF multiple of HealthStream? Current FCF multiple of HealthStream is 21.4x.

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