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

28.14 0.74 −2.56%
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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Waystar Holding Corp. (WAY) trades at a price to free cash flow of 20.9×. Over the past ten years it has ranged from 11.3× (June 2026) to 1,368× (September 2024); the current reading is higher than 37% of that period. That is above the Health Information Services industry median of 16.7× and in line with the Healthcare sector median of 21.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 20.6× (46.71%)
FY2024 38.6× (46.17%)
FY2023 71.7× 0.00%
FY2022 71.7× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 18.4× 15.16%
Jun 2026 16.0× 1.75%
Mar 2026 15.7× (23.60%)
Dec 2025 20.6× (11.45%)
9 more quarters

Against its own ten years

Low 11.3× High 1,368×
Ten-year median 23.2×
Current reading's percentile 37

Price to free cash flow against peers

Company Price to free cash flow
TEM Tempus AI, Inc. compare n/m
HTFL Heartflow, Inc. compare n/m
SDGR Schrodinger, Inc. compare n/m
HQY HealthEquity, Inc. compare 19.7×
DOCS Doximity, Inc. compare 20.1×
WAY Waystar Holding Corp. 20.9×
BTSG BrightSpring Health Services, Inc. compare 27.7×
PRVA Privia Health Group, Inc. compare 28.2×
HNGE Hinge Health Inc. compare 32.3×
Health Information Services industry median 16.7×
Healthcare sector median 21.1×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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