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) Operating margin

Alert me on Operating margin

Waystar Holding Corp.'s operating margin over the twelve months to 30 September 2026 was 21.9%, down 0.8 percentage points from fiscal 2025 (22.7%). That is above the Health Information Services industry median of −10.5% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 22.7% 9.57
FY2024 13.1% (4.85)
FY2023 18.0% 5.27
FY2022 12.7% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 18.8% (4.98)
Jun 2026 23.8% (1.85)
Mar 2026 25.6% 6.20
Dec 2025 19.4% (2.98)
9 more quarters

Operating margin against peers

Company Operating margin
DOCS Doximity, Inc. compare 26.3%
HQY HealthEquity, Inc. compare 25.8%
WAY Waystar Holding Corp. 21.9%
HNGE Hinge Health Inc. compare 13.0%
BTSG BrightSpring Health Services, Inc. compare 3.41%
PRVA Privia Health Group, Inc. compare 2.10%
TEM Tempus AI, Inc. compare −18.5%
HTFL Heartflow, Inc. compare −37.8%
SDGR Schrodinger, Inc. compare −49.6%
Health Information Services industry median −10.5%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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