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
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Waystar Holding Corp. (WAY) 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 | Free account |
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
More on WAY
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Beneish M-score
- The full statement