Definitive Healthcare Corp. (DH) intrinsic value & 10-year financials

Definitive Healthcare Corp. (DH) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 19.2% a year to $241.5M, with an average return on invested capital of -21.0%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.00
Market cap
$106.7M
Revenue (FY2025)
$241.5M
Revenue growth (8-yr CAGR)
19.2%
ROIC (10-yr avg)
-21.0%
Free cash flow (FY2025)
$37.1M

DH 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $241.5M -$138.9M -$1.30 $37.1M -92.9% -38.0%
FY2024 $252.2M -$413.1M -$3.54 $45.9M -281.8% -63.2%
FY2023 $251.4M -$202.4M -$1.79 $38.2M -131.2% -20.8%
FY2022 $222.7M -$6.0M -$0.06 $27.3M -18.5% -1.4%
FY2021 $166.2M -$17.7M -$0.19 $18.5M -15.0% -1.7%
FY2020 $118.3M -$51.2M — $21.8M -12.2% -0.9%
FY2019 $84.1M — — — — —
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Definitive Healthcare Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Definitive Healthcare Corp. has historically struggled to out-earn its cost of capital, averaging just -21.0% ROIC.

Definitive Healthcare Corp. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Definitive Healthcare Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-43.18 per share.

DH stock: frequently asked questions

What is the intrinsic value of Definitive Healthcare Corp. (DH) stock?

Graham's formula only works with positive earnings. Definitive Healthcare Corp. reported diluted EPS of -$1.30 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Definitive Healthcare Corp. generate free cash flow?

Definitive Healthcare Corp. generated $37.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 6 reported years.

What is DH's return on invested capital?

Average ROIC over the last 8 fiscal years was -21.0%, and average return on equity was -15.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this DH data come from?

From Definitive Healthcare Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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