COMP <GO>
HQY vs ETSY // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
HealthEquity Inc. (NASDAQ) VS. Etsy Inc. (NYSE) • 15-METRIC TALLY: HQY 9
— ETSY 4
■ METRIC PARITY
LAST: $102.47 (+1.10%) • MKT CAP: $8.48B
options-implied-move
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LAST: $88.96 (-2.87%) • MKT CAP: $7.67B
options-implied-move
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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (HQY VS. ETSY)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | HQY | ETSY | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 69.50% | 71.60% | -2.10 | ETSY | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 9.30% | 33.30% | -24.00 | ETSY | /roic <GO> |
| EV/EBITDA & P/E Valuation | 27.8x | 29.3x | -1.50 | HQY | /valuation <GO> |
| Free Cash Flow Yield | 5.43% | 8.59% | -3.16 | ETSY | /fcf-yield <GO> |
| Operating Margin | 24.60% | 9.20% | +15.40 | HQY | /operating-margins <GO> |
| Net Profit Margin | 16.40% | 5.70% | +10.70 | HQY | /net-margins <GO> |
| Revenue Growth (YoY) | 9.50% | 2.70% | +6.80 | HQY | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 4.86 | 1.60 | +3.26 | HQY | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 7/9 | +2.00 | HQY | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 64.8 | 58.2 | +6.60 | HQY | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.96 | 1.11 | -0.15 | ETSY | /macro-sensitivity <GO> |
| Forward P/E Multiple | 36.3x | 45.0x | -8.70 | HQY | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $8.48B | $7.67B | $807.0M | HQY | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | HQY REV | ETSY REV | HQY GROSS % | ETSY GROSS % | HQY FCF | ETSY FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.31B | $2.88B | 69.5% | 71.6% | $455.1M | $678.0M |
| FY 2024 | $1.20B | $2.81B | 64.8% | 72.4% | $337.8M | $738.3M |
| FY 2023 | $999.6M | $2.75B | — | — | $197.8M | $581.8M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
HQY // BETA 0.96
ETSY // BETA 1.11