Heartflow, Inc. (HTFL) vs Waystar Holding Corp. (WAY)
Heartflow, Inc. and Waystar Holding Corp. are both Health Information Services companies. Waystar Holding Corp. is the larger, with a market value of $4.7B against $4.2B — 1.1× the size. Heartflow, Inc. has negative trailing earnings, so its P/E is not meaningful; Waystar Holding Corp. trades at 34.3×. Heartflow, Inc. grew revenue faster over the last twelve months: 42.8% against 19.2%. Waystar Holding Corp. has the higher net margin (11.2% vs −55.8%) and the higher return on invested capital (3.30% vs −42.8%). Across the 17 metrics below, Waystar Holding Corp. leads on 11 and Heartflow, Inc. on 6.
Valuation
Profitability
| Metric | HTFL | WAY | Health Information Services median |
|---|---|---|---|
| Gross margin | 80.08% | 69.11% | 63.38% |
| Operating margin | (37.84%) | 22.87% | (8.35%) |
| Net margin | (55.82%) | 11.18% | (14.70%) |
| Free cash flow margin | (27.91%) | 20.42% | 0.58% |
| Return on equity | 38.49% | 3.77% | (6.82%) |
| Return on assets | (46.99%) | 2.56% | (6.02%) |
| Return on invested capital | (42.81%) | 3.30% | 0.00% |
Growth
Health
Dividend
Size
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