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HealthStream Valuation Multiples
Discover revenue and EBITDA valuation multiples for HealthStream and similar public comparables like Guiyang Longmaster, MedicalSystem Technology, Echo IQ, Craneware and more.
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
Employees
1.1K
Website
Financials (LTM)
EV
$594M
HealthStream Financials
HealthStream reported last 12-month revenue of $311M and EBITDA of $73M.
In the same LTM period, HealthStream generated $201M in gross profit, $73M in EBITDA, and $20M in net income.
Revenue (LTM)
HealthStream P&L
In the most recent fiscal year, HealthStream reported revenue of $304M and EBITDA of $72M.
HealthStream expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $311M | XXX | $304M | XXX | XXX | XXX |
| Gross Profit | $201M | XXX | $197M | XXX | XXX | XXX |
| Gross Margin | 65% | XXX | 65% | XXX | XXX | XXX |
| EBITDA | $73M | XXX | $72M | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $20M | XXX | $18M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 6% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
HealthStream Stock Performance
HealthStream has current market cap of $637M, and enterprise value of $594M.
Market Cap Evolution
HealthStream's stock price is $21.73.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $594M | $637M | 0.0% | XXX | XXX | XXX | $0.63 |
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Start Free TrialHealthStream Valuation Multiples
HealthStream trades at 1.9x EV/Revenue multiple, and 8.2x EV/EBITDA.
EV / Revenue (LTM)
HealthStream Financial Valuation Multiples
As of April 20, 2026, HealthStream has market cap of $637M and EV of $594M.
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 32.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $637M | XXX | $637M | XXX | XXX | XXX |
| EV (current) | $594M | XXX | $594M | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 8.2x | XXX | 8.3x | XXX | XXX | XXX |
| EV/EBIT | 26.7x | XXX | 29.4x | XXX | XXX | XXX |
| EV/Gross Profit | 3.0x | XXX | 3.0x | XXX | XXX | XXX |
| P/E | 32.4x | XXX | 34.7x | XXX | XXX | XXX |
| EV/FCF | 18.1x | XXX | 19.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified HealthStream Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
HealthStream Margins & Growth Rates
HealthStream's revenue in the last 12 month grew by 7%.
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 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
HealthStream's rule of X is 41% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
HealthStream Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 41% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 16% | XXX | 16% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 11% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 17% | XXX | 17% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 58% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
HealthStream Public Comps
See public comps and valuation multiples for other Healthcare Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| HealthStream | XXX | XXX | XXX | XXX | XXX | XXX |
| Guiyang Longmaster | XXX | XXX | XXX | XXX | XXX | XXX |
| MedicalSystem Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Echo IQ | XXX | XXX | XXX | XXX | XXX | XXX |
| Craneware | XXX | XXX | XXX | XXX | XXX | XXX |
| GPI Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
HealthStream M&A Activity
HealthStream acquired XXX companies to date.
Last acquisition by HealthStream was on XXXXXXXX, XXXXX. HealthStream acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by HealthStream
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHealthStream Investment Activity
HealthStream invested in XXX companies to date.
HealthStream made its latest investment on XXXXXXXX, XXXXX. HealthStream invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by HealthStream
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout HealthStream
| When was HealthStream founded? | HealthStream was founded in 1990. |
| Where is HealthStream headquartered? | HealthStream is headquartered in United States. |
| How many employees does HealthStream have? | As of today, HealthStream has over 1K employees. |
| Who is the CEO of HealthStream? | HealthStream's CEO is Robert A. Frist. |
| Is HealthStream publicly listed? | Yes, HealthStream is a public company listed on Nasdaq. |
| 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? | HealthStream main competitors are Guiyang Longmaster, MedicalSystem Technology, Echo IQ, Craneware. |
| What is the current market cap of HealthStream? | HealthStream's current market cap is $637M. |
| What is the current revenue of HealthStream? | HealthStream's last 12 months revenue is $311M. |
| What is the current revenue growth of HealthStream? | HealthStream revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of HealthStream? | Current revenue multiple of HealthStream is 1.9x. |
| 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 $73M. |
| 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 8.2x. |
| What is the current FCF of HealthStream? | HealthStream's last 12 months FCF is $33M. |
| What is HealthStream's FCF margin? | HealthStream's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of HealthStream? | Current FCF multiple of HealthStream is 18.1x. |
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