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Company Analysis

Waystar Holding Corp. WAY

A comprehensive view of key metrics, scores, and financial health for Waystar Holding Corp.

Overview of Waystar Holding Corp.

WAY NMS
Healthcare Health Information Services Mid Cap
Waystar Holding Corp. (WAY), is a Mid Cap company, in the Health Information Services industry, last closed at $24.16, about 46.8% overvalued vs fair value, -33.9% 1Y return, placing in the top 25% of its sector.
$24.16
-1.83%
As of March 13, 2026
Previous close • Vol 90d: 47.4%
52-Week Range
Market Cap
$4.93B
Enterprise Value
$6.35B
Overall Score
Scores locked

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Top Beats

Quick Facts

Website https://www.waystar.com
HQ Lehi, UT
Employees 1,700
Fiscal year Dec 31

Next Events

Earnings Apr 29 Estimated

Fair Value Snapshot

Bear Base Bull
$12
$13
$14
Current: $24.16 -47% vs base

Engine Room Money Flow™

Mid Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$1.1B
16.5%%
Gross Profit
$710.7M
13.2%%
Operating Income
$266.2M
115.2%%
Net Income
$112.1M
686.1%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
127.1%
Excellent

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$1.0B
708.6% of FCF

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
4
Active Leaks
2/4
Improving
1
High Impact
0
Critical
Locked Leak
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Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Waystar Holding Corp.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
79
/100
Strong
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Strong
80
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Generic Industrial / Default vs Industry Peers 92% Coverage
Trade-Off Triangle Visualization A ternary plot showing WAY's balance between Growth (31.5%), Profitability (36.4%), and Safety (32.1%). Growth 31% Safety 32% Profitability 36%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

68th percentile vs peers
69
Key Signals
Rev Growth YoY 16.5% 69p Revenue CAGR 3Y 16.0% 70p EPS Growth YoY 58.6% 66p
Strengths
  • Interest Coverage Ratio in top 20% of peers (3.36, 83th percentile)
  • Superior capital returns - 2 return metrics above peer median
  • Growth above peer median with strong metric coverage (75%)
Risks

No significant risks identified for this axis.

Profitability

79th percentile vs peers
80
Key Signals
Strengths
Risks
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Safety

70th percentile vs peers
70
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Waystar Holding Corp..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$12.86
- - -
-46.8% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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