Waystar Holding Corp. WAY Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM 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 | |
| Returns | ||||||
| Return on invested capital | 3.8%— | —— | —— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 0.2×— | —— | —— | —— | —— | |
| Liquidity | ||||||
| Current ratio | 1.8×+0.3× | 1.4×-2.5× | 3.9×+0.5× | 3.4×+0.3× | 3.1×— | |
| Leverage | ||||||
| Debt-to-equity | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×— | |
| Net debt / EBITDA | 3.4×-0.2× | 3.6×+1.5× | 2.1×-0.4× | 2.5×-0.5× | 3.1×— | |
| 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— | |
| Price / sales | 4×-1.7× | 5.7×-0.7× | 6.4×-0.3× | 6.6×0.0× | 6.6×— | |
| Price / book | 1.2×-0.4× | 1.6×-0.4× | 2.1×-0.1× | 2.1×+0.1× | 2.1×— | |
| EV / EBITDA | 14.6×-5.1× | 19.7×+0.3× | 19.4×-0.9× | 20.4×-2.2× | 22.6×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.