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%+1.9pp | 68.3%+1.8pp | 67.8%+1.3pp | 67.3%+0.4pp | 66.8%-1.0pp | |
| Operating margin | 22.9%+7.1pp | 22.7%+9.6pp | 23.4%+11.5pp | 20.8%+7.7pp | 15.8%-1.5pp | |
| EBITDA margin | 35.7%+1.9pp | 35.5%+2.6pp | 36.7%+3.4pp | 37.1%+3.5pp | 33.8%-4.9pp | |
| Free cash flow margin | 25.4%— | 25.8%— | 27.4%— | 27.5%— | —— | |
| Returns | ||||||
| Return on invested capital | 3.8%— | —— | —— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 0.2×— | —— | —— | —— | —— | |
| Liquidity | ||||||
| Current ratio | 1.8×-1.4× | 1.4×— | 3.9×— | 3.4×— | 3.1×— | |
| Quick ratio | 1.8×-1.4× | 1.4×— | 3.9×— | 3.4×— | 3.1×— | |
| Cash ratio | 0.3×-1.5× | 0.4×— | 2.8×— | 2×— | 1.8×— | |
| Leverage | ||||||
| Debt-to-equity | 0.4×0.0× | 0.4×— | 0.4×— | 0.4×— | 0.4×— | |
| Debt-to-assets | 0.3×0.0× | 0.3×— | 0.3×— | 0.3×— | 0.3×— | |
| Net debt / EBITDA | 3.4×+0.4× | 3.6×— | 2.1×— | 2.5×— | 3.1×— | |
| Per Share | ||||||
| Book value per share | $20.18+16.6% | $20.99+2.2% | $17.78+2.6% | $17.47-20.8% | $17.30+3.4% | |
| Valuation | ||||||
| Market capitalization | $4.62B-28.1% | $6.27B— | $6.61B— | $6.7B— | $6.43B— | |
| Enterprise value | $6.04B-18.8% | $7.68B— | $7.42B— | $7.64B— | $7.44B— | |
| Price / sales | 4×-2.6× | 5.7×— | 6.4×— | 6.6×— | 6.6×— | |
| Price / book | 1.2×-0.9× | 1.6×— | 2.1×— | 2.1×— | 2.1×— | |
| EV / EBITDA | 14.6×-7.9× | 19.7×— | 19.4×— | 20.4×— | 22.6×— | |
| EV / sales | 5.2×-2.4× | 7×— | 7.1×— | 7.6×— | 7.6×— | |
| Free cash flow yield | 6.4%— | 4.5%— | 4.3%— | 4.2%— | —— |
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.