Stocktoria
Waystar Holding Corp. WAY
Waystar Holding Corp. (WAY) earns a Piotroski F-score of 5/9 (mixed financial health), with an Altman Z″ in the grey zone. It does not currently pay a dividend. FY2025 revenue was $1.1B at a 10.2% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-05-20 | Barclays | Overweight (main) |
| 2026-05-05 | Citigroup | Buy (main) |
| 2026-04-30 | JP Morgan | Overweight (main) |
| 2026-04-30 | UBS | Buy (main) |
| 2026-04-30 | Needham | Buy (reit) |
| 2026-04-10 | B of A Securities | Buy (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Services · percentile among 982 companies
Percentile vs other Services companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 5/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · grey zone
| Component | Value |
|---|---|
| Working capital / assets | 0.016 |
| Retained earnings / assets | -0.019 |
| EBIT / assets | 0.043 |
| Equity / liabilities | 2.035 |
Sector peers · similar-size Services companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| WAY | Waystar Holding Corp. | 5/9 | 2.47 | 31.5 | +16.5% |
| NTCT | NETSCOUT SYSTEMS INC | 6/9 | 3.95 | 31.1 | +4.5% |
| ECX | ECARX Holdings Inc. | 2/9 | -10.09 | — | +9.9% |
| AGYS | AGILYSYS INC | 8/9 | 4.97 | 74.5 | +15.9% |
| UIS | UNISYS CORP | 1/9 | -2.99 | — | -2.9% |
| OSPN | OneSpan Inc. | 5/9 | 5.76 | 7.2 | +0% |
| TLS | TELOS CORP | 5/9 | -5.4 | — | +52.2% |
About Waystar Holding Corp.
Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payer payment management, denials prevention and recovery, clinical integrity and revenue capture, and analytics and reporting solutions. It primarily serves healthcare industry. The company was founded in 2017 and is headquartered in Lehi, Utah.
FAQ
Is WAY financially healthy?
Waystar Holding Corp.'s Piotroski F-score is 5/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the grey zone.
Does WAY pay a dividend?
No, Waystar Holding Corp. does not currently pay a dividend.
How profitable is WAY?
In FY2025, Waystar Holding Corp. had a net margin of 10.2% and a return on equity of 2.9%.
What is WAY's P/E ratio?
Waystar Holding Corp.'s trailing price-to-earnings (P/E) ratio is about 31.5×, based on its latest annual earnings.
What is the analyst price target for WAY?
The average Wall-Street price target for Waystar Holding Corp. is $33.68, about 37.3% above the recent price, from 22 analysts (consensus: strong buy).
Is WAY a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Waystar Holding Corp.: a Piotroski F-score of 5/9, an Altman Z″ in the grey zone, a P/E of about 31.5×. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.