Waystar Holding Corp.

WAY Healthcare Health Information Services

Waystar Holding Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 16.5% from fiscal 2024.

Revenue
+21.2%
EPS
−10.2%
Free cash flow
+23.4%
Total debt
+18.4%

Quarter to September 2026, against a year earlier

28.08 0.80 −2.77%
Market cap
$5.6B
P/E
40.9×
Fwd P/E
31.9×
Dividend yield
—
F-score
6/9
Altman Z
2.16
Beneish M
−2.41
Dividend safety
n/a

Waystar Holding Corp. (WAY) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Waystar Holding Corp. (WAY) trades at a EV/EBITDA of 15.0×. Over the past ten years it has ranged from 0.0× (June 2024) to 25.4× (December 2024); the current reading is higher than 32% of that period. That is above the Health Information Services industry median of 13.4× and above the Healthcare sector median of 8.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 18.3× (11.89%)
FY2024 20.8× —
FY2023 0.0× —
FY2022 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 13.6× 13.90%
Jun 2026 11.9× (16.11%)
Mar 2026 14.2× (22.59%)
Dec 2025 18.3× (4.83%)
9 more quarters

Against its own ten years

Low 0.0× High 25.4×
Ten-year median 18.5×
Current reading's percentile 32

EV/EBITDA against peers

Company EV/EBITDA
TEM Tempus AI, Inc. compare n/m
HTFL Heartflow, Inc. compare n/m
SDGR Schrodinger, Inc. compare n/m
WAY Waystar Holding Corp. 15.0×
HQY HealthEquity, Inc. compare 18.2×
BTSG BrightSpring Health Services, Inc. compare 21.9×
DOCS Doximity, Inc. compare 24.0×
PRVA Privia Health Group, Inc. compare 41.1×
HNGE Hinge Health Inc. compare 54.5×
Health Information Services industry median 13.4×
Healthcare sector median 8.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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