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WAY
Waystar Holding Corp.
NASDAQ· Healthcare· Health Information Services· CUSIP 946784105
$28.98+0.49%Price as of Oct 23, 00:50 UTC · updated once a day, after the close
At a glance
Waystar Holding Corp. (WAY) is listed on NASDAQ and classified in Health Information Services, part of the Healthcare sector. It is headquartered in Lehi, United States and has 1,700 employees. The company is worth $5.56B and trades at 41.4x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $1.1B in fiscal 2025, up 16.5% from the year before. Net income was $112.09M. The share price is 28.2% below its 52-week high of $40.35. 3 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $74.98M. In that quarter, 1 of them opened or added to the position and 1 reduced it. Over the last 30 days, company insiders sold $2.16M of its stock on the open market and bought none. All of those sales were scheduled in advance under 10b5-1 plans.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $5.56B
- P/E
- 41.4x
- Forward P/E
- 15.4x
- P/B
- 1.4x
- Dividend yield
- 0.00%
- Payout
- —
- EPS
- $0.70
- ROE
- 3.77%
- Profit margin
- 11.18%
- Revenue growth
- +18.10%
- Beta
- 0.18
- 52-week high
- $40.35
- 52-week low
- $17.26
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Price over time
▲ +27.3% over 5Y.
This stock has less than 5 years of price history — the answer would measure a shorter period than the one asked for.
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 2 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 |
|---|---|---|---|
| Year-end price | $32.75 | $36.70 | |
| P/E | — | 53.7x | — |
| P/S | — | 5.7x | 6.7x |
| P/B | — | 1.6x | 2.1x |
| EPS | $0.61 | -$0.13 | |
| Profit margin | — | 10.20% | -2.03% |
| ROE | — | 2.89% | -0.62% |
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$18.09
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Earnings
$17.00
Median P/E of 24.3 among peers in the sector.
Earnings
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Cash flow
$16.81
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$21.20
Sector median of 14.1x operating profit, less net debt. Banks have no EBITDA.
Dividends
—
Others in the same sector
Companies of similar size in Healthcare, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CGONCG Oncology, Inc. | $62.54 | — | 5.4x | 0.00% | -26.41% | $5.54B |
| RDNTRadNet, Inc. | $70.26 | — | 5.0x | 0.00% | 1.50% | $5.53B |
| MMSIMerit Medical Systems Inc | $93.94 | 37.6x | 3.3x | 0.00% | 9.19% | $5.61B |
| GRALGRAIL, Inc. | $127.06 |
About the company
- 1,700
- Lehi, United States