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. In the quarter to June 2026, revenue grew 18.1%, EPS grew 10.5%, free cash flow fell 52.4% and total debt rose 18.4%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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Waystar Holding Corp. (WAY) EV/Sales
As of 16 October 2026, Waystar Holding Corp. (WAY) trades at a EV/Sales of 5.4×. Over the past ten years it has ranged from 0.0× (June 2024) to 8.5× (December 2024); the current reading is higher than 36% of that period. That is above the Health Information Services industry median of 2.6× and above the Healthcare sector median of 3.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 6.5× | (5.54%) |
| FY2024 | 6.9× | — |
| FY2023 | 0.0× | — |
| FY2022 | 0.0× | — |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 4.3× | (15.80%) |
| Mar 2026 | 5.1× | (22.06%) |
| Dec 2025 | 6.5× | (8.02%) |
| Sep 2025 | 7.1× | (9.57%) |
| 8 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| BTSG BrightSpring Health Services, Inc. compare | 1.0× |
| PRVA Privia Health Group, Inc. compare | 1.0× |
| WAY Waystar Holding Corp. | 5.4× |
| HQY HealthEquity, Inc. compare | 6.1× |
| DOCS Doximity, Inc. compare | 7.6× |
| TEM Tempus AI, Inc. compare | 8.5× |
| HNGE Hinge Health Inc. compare | 10.3× |
| TXG 10x Genomics compare | 13.9× |
| HTFL Heartflow, Inc. compare | 19.8× |
| Health Information Services industry median | 2.6× |
| Healthcare sector median | 3.4× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)