Heartflow, Inc. (HTFL) Key Metrics
HTFL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.20B
- Enterprise value
- $3.99B
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 19.8
- Price / book
- 14.7
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- —
HTFL key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHTFL returns How much profit the business earns on the capital it uses.
HTFL per-share figures Results divided by the shares outstanding at year-end.
HTFL financial health Debt, liquidity and how easily interest is covered.
HTFL efficiency & capital use Working capital cycle and where the cash goes.
HTFL valuation history
HTFL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HTFL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HTFL cash returned to shareholders
HTFL price vs earnings per share
HTFL key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Valuation | |||
| Market capitalization | $2.49B | — | — |
| Enterprise value | $2.33B | — | — |
| Price / sales | 14.1 | — | — |
| Price / book | 8.3 | — | — |
| EV / sales | 13.2 | — | — |
| Earnings yield | −4.7% | — | — |
| Free cash flow yield | −2.4% | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | — | — |
| Share price at fiscal year-end | $29.15 | — | — |
| Per share | |||
| Revenue per share | $2.06 | $2.00 | $1.37 |
| Earnings per share | −$1.37 | −$1.53 | −$1.50 |
| Operating cash flow per share | −$0.63 | −$1.09 | −$1.20 |
| Free cash flow per share | −$0.69 | −$1.16 | −$1.29 |
| Cash per share | $2.07 | $0.81 | $1.92 |
| Book value per share | $3.53 | −$13.63 | −$12.18 |
| Tangible book value per share | $3.53 | −$13.75 | −$12.30 |
| Capex per share | $0.06 | $0.07 | $0.10 |
| Debt per share | $0.26 | $2.54 | $2.51 |
| Shares outstanding | 85.3M | 63.1M | 63.9M |
| Change in shares outstanding | +35.2% | −1.3% | — |
| Returns & profitability | |||
| Return on assets (ROA) | −48.9% | −63.5% | −51.7% |
| Return on tangible assets | −32.5% | −86.9% | −54.0% |
| Free cash flow margin | −33.5% | −58.3% | −94.7% |
| Financial health | |||
| Total debt | $22.1M | $160.4M | $160.6M |
| Cash & short-term investments | $176.8M | $51.4M | $122.8M |
| Net debt | −$154.7M | $109.0M | $37.8M |
| Debt / equity | 0.07 | — | — |
| Debt / assets | 0.06 | 1.35 | 0.87 |
| Current ratio | 5.20 | 2.45 | 4.52 |
| Quick ratio | 5.20 | 2.45 | 4.52 |
| Interest coverage | -4.2 | -2.7 | -3.0 |
| Working capital | $177.8M | $48.7M | $115.6M |
| Invested capital | $145.9M | −$750.5M | −$739.7M |
| Tangible asset value | $300.6M | −$867.3M | −$785.5M |
| Net current asset value | $161.4M | −$895.9M | −$814.2M |
| Graham net-net per share | $1.64 | −$14.38 | −$12.89 |
| Capital allocation | |||
| Share buybacks (net) | $0 | $0 | $228,000 |
| Capex / revenue | 2.9% | 3.5% | 7.0% |
| Capex / depreciation | 0.59 | 0.54 | 0.80 |
| Stock-based compensation / revenue | 7.9% | 8.1% | 13.6% |
| R&D / revenue | 36.9% | 34.6% | 41.1% |
| SG&A / revenue | 76.3% | 89.1% | 109.1% |
| Efficiency | |||
| Days sales outstanding | 58.5 | 71.9 | 94.2 |
| Days payables outstanding | 27.0 | 33.5 | 36.2 |
| Cash conversion cycle (days) | 31.5 | 38.4 | 58.0 |
| Receivables turnover | 6.24 | 5.07 | 3.87 |
| Payables turnover | 13.52 | 10.89 | 10.09 |
| Asset turnover | 0.74 | 0.83 | 0.47 |
| Average receivables | $28.2M | $24.8M | $22.5M |
| Average payables | $3.0M | $2.9M | $2.9M |
| Intangibles / total assets | 0.0% | 6.5% | 4.3% |
Computed from HTFL's annual financial statements (latest annual report filed March 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HTFL valuation and financial ratios
It ended the year with $22.1 million of debt and $176.8 million in cash and short-term investments, a net cash position of $154.7 million.
See the HTFL income statement, the HTFL chart for price history, or the HTFL stock overview for the latest quote and news.
HTFL key metrics FAQ
How much debt does Heartflow have?
Heartflow had total debt of $22.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.07 and more cash than debt.
What is Heartflow's free cash flow yield?
Heartflow generated -$59.0 million of free cash flow in fiscal 2025, a free cash flow yield of −2.4% on its market value at year-end ($2.5 billion).
What is Heartflow's current ratio?
Heartflow's current ratio was 5.20 at the end of fiscal 2025: current assets were 5.20 times current liabilities.