HCAT vs HNGE

Health Catalyst, Inc vs Hinge Health, Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — HNGE scores higher on quality with 6.4/10 vs HCAT's 5.9/10. HCAT trades at $1.35 while HNGE trades at $58.48. Both analyzed daily using SEC EDGAR data across 13 institutional models.

HCAT

Health Information Services
Health Catalyst, Inc
Quality
5.9
out of 10
Value Trap
43
WARN
Price
$1.35
Last close
Models
11/13
Active
VS

HNGE

Health Information Services
Hinge Health, Inc.
Quality
6.4
out of 10
Value Trap
Price
$58.48
Last close
Models
13/13
Active
HCAT
Bayesian DCF sees +274.7% upside
Value Trap 43/100 — caution
HNGE
2 models active
Limited to 2/13 visible models

HCAT vs HNGE — Fair Value Comparison

HCAT
$0$2$4$5 Price$1.35 Bayesian …$4.65 (+274.7%) ML-RIV$0.29 (-79.9%)
HNGE
$0$23$46$69 Price$58.48 Bayesian …$29.78 (-49.1%) Earnings …$21.99 (-51.6%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType HCAT Fair ValueHCAT Upside HNGE Fair ValueHNGE Upside
Bayesian DCF Intrinsic $4.65 +274.7% $29.78 -49.1%
Earnings Power Value Intrinsic $21.99 -51.6%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $0.29 -79.9% $11.10 -75.6%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

HCAT vs HNGE — Which Stock Is More Undervalued in 2026?

HNGE scores higher with a 6.4/10 quality rating vs HCAT's 5.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do HCAT and HNGE Valuations Compare?

At $1.35, HCAT trades +274.7% below its Bayesian DCF fair value of $4.65, while HNGE at $58.48 trades +49.1% above its estimate of $29.78. HCAT shows a wider gap between price and intrinsic value.

Quality of Company: HCAT vs HNGE

HCAT earns a Quality of Company score of 5.9/10 compared to HNGE's 6.4/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: HCAT vs HNGE

Review the value trap analysis for both HCAT and HNGE to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Health Information Services

Both HCAT and HNGE operate in Health Information Services, which has 46 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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