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

28.15 0.73 −2.53%
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/Sales

Alert me on EV/Sales

As of 5 November 2026, Waystar Holding Corp. (WAY) trades at a EV/Sales of 5.3×. Over the past ten years it has ranged from 0.0× (June 2024) to 8.5× (December 2024); the current reading is higher than 34% of that period. That is above the Health Information Services industry median of 2.6× and above the Healthcare sector median of 3.5×.

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
Sep 2026 4.8× 11.06%
Jun 2026 4.3× (15.80%)
Mar 2026 5.1× (22.06%)
Dec 2025 6.5× (8.02%)
9 more quarters

Against its own ten years

Low 0.0× High 8.5×
Ten-year median 6.4×
Current reading's percentile 34

EV/Sales against peers

Company EV/Sales
BTSG BrightSpring Health Services, Inc. compare 1.0×
PRVA Privia Health Group, Inc. compare 1.1×
WAY Waystar Holding Corp. 5.3×
SDGR Schrodinger, Inc. compare 6.7×
HQY HealthEquity, Inc. compare 6.8×
DOCS Doximity, Inc. compare 7.9×
TEM Tempus AI, Inc. compare 8.9×
HNGE Hinge Health Inc. compare 12.2×
HTFL Heartflow, Inc. compare 21.4×
Health Information Services industry median 2.6×
Healthcare sector median 3.5×
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)

The full definition of EV/Sales →

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