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Friday 6 November 2026 Export WAY’s income statement to Excel — free account

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

28.33 0.55 −1.90%
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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Waystar Holding Corp. (WAY) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, Waystar Holding Corp. (WAY) trades at a EV/FCF of 25.3×. Over the past ten years it has ranged from 15.6× (June 2026) to 1,837× (September 2024); the current reading is higher than 40% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 25.4× (44.62%)
FY2024 45.9× (65.73%)
FY2023 134× 0.00%
FY2022 134× —

Quarterly newest first

Period EV/FCF Change
Sep 2026 22.8× 8.47%
Jun 2026 21.0× 4.77%
Mar 2026 20.1× (20.99%)
Dec 2025 25.4× (2.30%)
9 more quarters

Against its own ten years

Low 15.6× High 1,837×
Ten-year median 26.3×
Current reading's percentile 40

EV/FCF against peers

Company EV/FCF
TEM Tempus AI, Inc. compare −89.6×
HTFL Heartflow, Inc. compare −76.6×
SDGR Schrodinger, Inc. compare −15.4×
DOCS Doximity, Inc. compare 17.7×
HQY HealthEquity, Inc. compare 21.2×
PRVA Privia Health Group, Inc. compare 24.3×
WAY Waystar Holding Corp. 25.3×
BTSG BrightSpring Health Services, Inc. compare 30.7×
HNGE Hinge Health Inc. compare 30.9×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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