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) Free cash flow margin

Alert me on Free cash flow margin

Waystar Holding Corp.'s free cash flow margin over the twelve months to 30 September 2026 was 20.9%, down 4.8 percentage points from fiscal 2025 (25.8%). That is above the Health Information Services industry median of 0.00% and above the Healthcare sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 25.8% 10.66
FY2024 15.1% 11.31
FY2023 3.79% (8.30)
FY2022 12.1% —

Free cash flow margin against peers

Company Free cash flow margin
DOCS Doximity, Inc. compare 46.2%
HNGE Hinge Health Inc. compare 39.4%
HQY HealthEquity, Inc. compare 32.1%
WAY Waystar Holding Corp. 20.9%
PRVA Privia Health Group, Inc. compare 4.44%
BTSG BrightSpring Health Services, Inc. compare 3.23%
TEM Tempus AI, Inc. compare −9.98%
HTFL Heartflow, Inc. compare −27.9%
SDGR Schrodinger, Inc. compare −43.4%
Health Information Services industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

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

The full definition of Free cash flow margin →

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