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Waystar Holding Corp. WAY

Nasdaq · stock · Services-Computer Integrated Systems Design · website · IPO 2024-06-07 · LEI

Waystar Holding Corp. statistics & valuation

Market cap$3.5B
P / E31.5×
P / S3.2×
P / B0.9×
Net margin10.2%
Return on equity2.9%
Net debt$1.4B
Net debt / EBITDA3.6×
Enterprise value USD$4.9B
EV / EBITDA12.7×
Earnings yield EBIT/EV5%
Return on capital4.5%
Graham number -32.1%$16.67

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($16.67); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-6.50% -2.00% 10.20% 202320242025
Gross margin (%)
202320242025
Operating margin (%)
18.00% 13.10% 22.70% 202320242025
Return on equity (%)
-2.50% -0.60% 2.90% 202320242025
Shares outstanding
121.7M 172.1M 191.6M 202320242025
Net debt ($)
$2.16B $1.06B $1.42B 202320242025
Share buybacks ($)
202320242025
Return on assets (%)
-1.10% -0.40% 1.90% 202320242025
Free cash flow margin (%)
202320242025
Debt / equity (×)
1.07× 0.40× 0.38× 202320242025
EPS ($)
-$0.42 -$0.13 $0.61 202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023
Operating margin22.7%13.1%18.0%
Net margin10.2%-2.0%-6.5%
Return on assets1.9%-0.4%-1.1%
Return on equity2.9%-0.6%-2.5%
Debt / equity0.38×0.40×1.07×
Current ratio1.412.551.80

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.