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Waystar Holding Corp. WAY Net debt / EBITDA

Net debt / EBITDA at other companies

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UnitedHealth GroupUNH
2.2×+0.8×
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-0.4×-4.0×
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ExlService HoldingsEXLS
0.9×+0.2×
ROP
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3.2×+0.7×
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SolventumSOLV
-3.4×
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SS&C TechnologiesSSNC
3.3×+0.1×

Other financials

Income statement

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Revenue$313.9M+22.4%
Gross profit$216.8M+25.3%
Operating income$80.5M+23.4%
Net income$43.3M+47.9%
EPS (diluted)$0.22+37.5%

Balance sheet

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Cash & equivalents$62.7M-74.9%
Total debt$1.5B+18.0%
Total equity$3.9B+26.0%
Total assets$5.8B+26.4%

Cash flow

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Operating cash flow$84.9M+32.2%
CapEx$15.3M+182%
Free cash flow$69.6M+18.3%

Valuation

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Market cap$3.53B-28.1%

Profitability

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Gross margin68.7%+1.9pp
Operating margin22.9%+7.1pp
Net margin10.9%
FCF margin25.4%+5.3pp

Returns & leverage

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Return on equity3.6%
Debt / equity0.4×0.0×
Current ratio1.8×-1.4×

Where this comes from

Calculated from Waystar Holding Corp.’s reported figures.

Based on the most recent quarter.

The official record: Waystar Holding Corp.’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Waystar Holding Corp.'s net debt / EBITDA?
Waystar Holding Corp. (WAY) reported net debt / EBITDA of 3.4× in Q1 2026.
How has Waystar Holding Corp.'s net debt / EBITDA changed year-over-year?
Waystar Holding Corp.'s net debt / EBITDA increased by 12.5% year-over-year, from 3.1× to 3.4×.
What is the long-term trend for Waystar Holding Corp.'s net debt / EBITDA?
Over 2 years (2023 to 2025), Waystar Holding Corp.'s net debt / EBITDA has grown at a -27.6% compound annual growth rate (CAGR), from 6.9× to 3.6×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.