HQY vs WEX
HQY: HealthEquity is the largest HSA administrator by account count, managing $36.5 billion in consumer healthcare savings through technology-enabled services integrated with the broader health and benefits ecosystem. WEX: WEX is a global commerce platform that simplifies complex financial workflows through embedded, personalized payment solutions across fleet management, employee benefits, and B2B payments.
Side-by-side fundamentals
| Metric | HQY | WEX | Edge |
|---|---|---|---|
| Price as of 2026-07-22 close | $95.95 | $155.68 | |
| Market cap as of 2026-07-23 | $8.2B | $5.6B | |
| P/E as of 2026-07-23 | 35.43 | 18.05 | WEX lower |
| PEG as of 2026-07-23 | 1.65 | 1.24 | WEX lower |
| Net margin as of 2026-07-23 | +17.3% | +11.5% | HQY higher |
| Gross margin as of 2026-07-23 | +70.7% | +62.9% | HQY higher |
| Operating margin as of 2026-07-23 | +25.6% | +24.6% | HQY higher |
| ROE as of 2026-07-23 | +10.9% | +27.0% | WEX higher |
| ROA as of 2026-07-23 | +6.8% | +2.1% | HQY higher |
| Debt / equity as of 2026-07-23 | 0.46 | 4.11 | HQY lower |
| Revenue growth (YoY) as of 2026-07-23 | +7.6% | +3.3% | HQY higher |
| Revenue CAGR (3y) SEC XBRL | +15.1% | +4.2% | HQY higher |
| Beta as of 2026-07-23 | 0.24 | 0.85 | |
| 1-year return as of 2026-07-22 close | -1.5% | -3.1% | HQY higher |
Fundamentals: Finnhub, as of 2026-07-23. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-22.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date; "Edge" cells are a pure numeric comparison, not a recommendation.