HealthEquity, Inc. (HQY) vs Waystar Holding Corp. (WAY)
HealthEquity, Inc. and Waystar Holding Corp. are both Health Information Services companies. HealthEquity, Inc. is the larger, with a market value of $7.3B against $4.7B — 1.6× the size. HealthEquity, Inc. trades at the lower P/E: 31.6× against 34.3×. Waystar Holding Corp. grew revenue faster over the last twelve months: 19.2% against 7.34%. HealthEquity, Inc. has the higher net margin (17.4% vs 11.2%) and the higher return on invested capital (8.24% vs 3.30%). Across the 20 metrics below, HealthEquity, Inc. leads on 13 and Waystar Holding Corp. on 7.
Valuation
Profitability
| Metric | HQY | WAY | Health Information Services median |
|---|---|---|---|
| Gross margin | 71.25% | 69.11% | 63.38% |
| Operating margin | 25.80% | 22.87% | (8.35%) |
| Net margin | 17.36% | 11.18% | (14.70%) |
| Free cash flow margin | 32.08% | 20.42% | 0.58% |
| Return on equity | 11.43% | 3.77% | (6.82%) |
| Return on assets | 7.07% | 2.56% | (6.02%) |
| Return on invested capital | 8.24% | 3.30% | 0.00% |
Growth
Health
Dividend
Size
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