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Friday 6 November 2026 Export WAY’s income statement to Excel — free account

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

28.33 0.55 −1.90%
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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Waystar Holding Corp. (WAY) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Waystar Holding Corp. (WAY) trades at a P/S ratio of 4.4×. Over the past ten years it has ranged from 0.0× (June 2024) to 7.3× (December 2024); the current reading is higher than 44% of that period. That is above the Health Information Services industry median of 1.8× and above the Healthcare sector median of 3.5×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 5.3× (9.09%)
FY2024 5.8× —
FY2023 0.0× —
FY2022 0.0× —

Quarterly newest first

Period P/S ratio Change
Sep 2026 3.9× 17.90%
Jun 2026 3.3× (18.23%)
Mar 2026 4.0× (24.63%)
Dec 2025 5.3× (16.63%)
9 more quarters

Against its own ten years

Low 0.0× High 7.3×
Ten-year median 5.3×
Current reading's percentile 44

P/S ratio against peers

Company P/S ratio
BTSG BrightSpring Health Services, Inc. compare 0.9×
PRVA Privia Health Group, Inc. compare 1.2×
WAY Waystar Holding Corp. 4.4×
HQY HealthEquity, Inc. compare 6.3×
SDGR Schrodinger, Inc. compare 8.1×
TEM Tempus AI, Inc. compare 8.5×
DOCS Doximity, Inc. compare 9.0×
HNGE Hinge Health Inc. compare 12.7×
HTFL Heartflow, Inc. compare 21.3×
Health Information Services industry median 1.8×
Healthcare sector median 3.5×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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