# Heartflow Inc. (HTFL) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Healthcare / Health Care Technology. Price $54.40, market value $4.7 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Heartflow Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 22.3×**. Each dollar of revenue is priced at 22.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 16.9×**. The shares trade at 16.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -1.3%** (5-yr avg -5.5%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 80.1%**. Heartflow Inc. keeps 80.1% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -37.8%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -66.3%**. The company reported a net loss over the last twelve months.
- **Return on equity: -38.8%**. Return on equity is negative because earnings are negative.
- **Return on assets: -32.9%**. Each dollar of assets produces -32.9% of profit.

## Growth
- **Revenue growth (1 yr): 39.9%**. Revenue grew 39.9% over the last year.
- **EPS growth (1 yr): 82.4%**. Earnings per share rose 82.4%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Current ratio: 5.20** (quick 5.20). Current assets cover the next year's liabilities 5.20 times.
- **Altman Z-score: 49.93**. A Z-score of 49.93 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Heartflow Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (8 analysts). 8 analysts cover Heartflow Inc.; the consensus is strong_buy, with an average price target of $50.50 (-7% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 46.6%** (YTD 86.9%, 3-mo 103.6%). The shares are up 46.6% over twelve months including dividends.
- **From 52-week high: -10.2%** (170.2% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 1.73** (volatility 78%). Beta of 1.73 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HTFL · Page: https://foliofundamentals.com/stocks/htfl

Not investment advice.