Waystar Holding Corp.

WAY

$26.08

+1.40%

N/A+$0.36

Healthcare

Medical - Healthcare Information Services

NASDAQ

Active Trading

Waystar Holding Corp. is dedicated to developing a cloud-based software platform designed to streamline financial transactions within the healthcare industry. Their comprehensive ...

Financial Highlights of WAY

Profitability trend

Latest / TTM · 6 periods

Gross Margin

69.1%

Net Margin

11.2%

P/E Ratio

36.22x

n/a

Debt / Equity

0.37

n/a

Current Ratio

1.85

Dividend Yield

0.0%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Financial highlights

Latest / TTM · 6 periods

Snapshot

Latest / TTM: 2026-09-04

Gross Margin

69.1%

Net Margin

11.2%

P/E Ratio

36.22x

Debt / Equity

0.37

Profitability

Profitability table

Metric	2021	2022	2023	2024	2025	2026
Gross MarginGross profit as a percentage of revenue.	73.8%	69.5%	68.4%	66.5%	68.3%	—
Operating MarginOperating income as a percentage of revenue.	10.4%	12.7%	18.0%	13.1%	22.7%	—
Net MarginNet income as a percentage of revenue.	-8.1%	-7.3%	-6.5%	-2.0%	10.2%	—
EBITDA MarginEBITDA divided by revenue.	40.9%	38.7%	40.3%	32.9%	35.5%	—
Pre-tax MarginPre-tax profit as a percentage of revenue.	-11.5%	-9.3%	-8.1%	-2.4%	15.6%	—

Liquidity & leverage

Liquidity & leverage table

Metric	2021	2022	2023	2024	2025	2026
Current RatioCurrent assets divided by current liabilities.	1.51	2.13	1.80	2.55	1.41	—
Quick RatioLiquid assets divided by current liabilities.	1.51	2.13	1.80	2.55	1.41	—
Cash RatioCash and equivalents divided by current liabilities.	0.43	0.63	0.29	1.25	0.28	—
Debt / AssetsDebt as a share of total assets.	48.0%	48.2%	49.1%	27.6%	25.8%	—
Debt / EquityDebt compared with shareholder equity.	1.08	1.07	1.10	0.41	0.38	—

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	2026
Receivables TurnoverHow often receivables are collected in a year.	5.62x	6.33x	5.95x	6.37x	5.99x	—
Inventory TurnoverHow often inventory is sold in a year.	0.00x	0.00x	0.00x	0.00x	0.00x	—
Payables TurnoverHow often payables are paid in a year.	4.36x	7.65x	5.49x	6.67x	6.83x	—
Asset TurnoverRevenue generated per dollar of assets.	0.12x	0.15x	0.17x	0.21x	0.19x	—
Working Capital TurnoverRevenue generated per dollar of working capital.	0.00x	8.18x	7.38x	5.82x	6.96x	—

Valuation ratios

Valuation ratios table

Metric	2021	2022	2023	2024	2025	2026
P/E RatioPrice paid for each dollar of earnings.	-73.93x	-66.77x	-66.77x	-282.31x	51.98x	—
P/B RatioPrice paid for each dollar of book value.	1.63x	1.64x	1.68x	1.79x	1.50x	—
P/S RatioPrice paid for each dollar of sales.	5.96x	4.89x	4.36x	5.83x	5.30x	—
P/FCF RatioPrice paid for each dollar of free cash flow.	37.55x	40.49x	115.21x	38.61x	20.58x	—
Dividend YieldAnnual dividend divided by current share price.	0.0%	0.0%	0.0%	0.0%	0.0%	—

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