What are Waystar Holding Corp.'s profit margins?

Waystar Holding Corp. (WAY) runs a 68.7% gross margin and a 22.9% operating margin, with a 10.9% net margin.

Where do Waystar Holding Corp.'s ratios come from?

Every ratio is computed from Waystar Holding Corp.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Waystar Holding Corp. WAY Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	68.7%+0.4pp	68.3%+0.6pp	67.8%+0.5pp	67.3%+0.5pp	66.8%+0.2pp
Operating margin	22.9%+0.2pp	22.7%-0.7pp	23.4%+2.6pp	20.8%+5.0pp	15.8%+2.7pp
Net margin	10.9%+0.7pp	10.2%—	——	——	——
EBITDA margin	35.7%+0.3pp	35.5%-1.2pp	36.7%-0.4pp	37.1%+3.3pp	33.8%+0.9pp
Free cash flow margin	25.4%-0.3pp	25.8%-1.6pp	27.4%-0.2pp	27.5%+7.4pp	20.1%+5.0pp
Returns
Return on equity	3.6%+0.3pp	3.2%—	——	——	——
Return on assets	2.4%+0.2pp	2.2%—	——	——	——
Return on invested capital	3.8%+0.3pp	3.5%-2.5pp	5.9%+0.9pp	5%—	——
Efficiency
Asset turnover	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×—	——
Liquidity
Current ratio	1.8×+0.3×	1.4×-2.5×	3.9×+0.5×	3.4×+0.3×	3.1×+0.6×
Quick ratio	1.8×+0.3×	1.4×-2.5×	3.9×+0.5×	3.4×+0.3×	3.1×+0.6×
Cash ratio	0.3×-0.1×	0.4×-2.5×	2.8×+0.8×	2×+0.3×	1.8×+0.4×
Leverage
Debt-to-equity	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Debt-to-assets	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	3.4×-0.2×	3.6×+1.5×	2.1×-0.4×	2.5×-0.5×	3.1×-0.3×
Per Share
Book value per share	$20.18-3.9%	$20.99+18.1%	$17.78+1.8%	$17.47+1.0%	$17.30-15.8%
Valuation
Market capitalization	$4.62B-26.2%	$6.27B-5.2%	$6.61B-1.4%	$6.7B+4.1%	$6.43B+1.8%
Enterprise value	$6.04B-21.3%	$7.68B+3.5%	$7.42B-2.9%	$7.64B+2.7%	$7.44B+0.9%
Price / earnings	36.6×-19.3×	55.9×—	——	——	——
Price / sales	4×-1.7×	5.7×-0.7×	6.4×-0.3×	6.6×0.0×	6.6×-0.1×
Price / book	1.2×-0.4×	1.6×-0.4×	2.1×-0.1×	2.1×+0.1×	2.1×0.0×
EV / EBITDA	14.6×-5.1×	19.7×+0.3×	19.4×-0.9×	20.4×-2.2×	22.6×-1.2×
EV / sales	5.2×-1.8×	7×-0.1×	7.1×-0.4×	7.6×-0.1×	7.6×-0.2×
Free cash flow yield	6.4%+1.8pp	4.5%+0.2pp	4.3%+0.1pp	4.2%+1.1pp	3%+0.8pp
Earnings yield	2.7%+0.9pp	1.8%—	——	——	——

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Questions, answered.

What are Waystar Holding Corp.'s profit margins?: Waystar Holding Corp. (WAY) runs a 68.7% gross margin and a 22.9% operating margin, with a 10.9% net margin.
Where do Waystar Holding Corp.'s ratios come from?: Every ratio is computed from Waystar Holding Corp.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.