Is Waystar Holding (WAY) overvalued or fairly valued?

MarketChacha shows Waystar Holding's valuation in context — a trailing P/E of about 28.4, a forward P/E of about 11.2, a price-to-book of about 1.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Waystar Holding's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (12.75×) from reported figures — education, not a rating.

What is Waystar Holding's revenue?

Waystar Holding reported revenue of $1.1B for FY2025, with net profit of $112.1M, per official filings.

What is the share price of Waystar Holding (WAY)?

Waystar Holding last traded at $20.72 (-3.7% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Waystar Holding

WAY · NYSE · Healthcare · United States

$20.72-3.7%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:28 PM

Snapshot

TickerWAY

ExchangeNYSE

SectorHealthcare

IndustryHealth Information Services

CountryUnited States

Employees1,700

HeadquartersLehi, United States

Market cap$4.0B

P/E (TTM)28.4

P/B1.0

Volume1.12M

Websitewww.waystar.com

Filings tracked3

About Waystar Holding

Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payer payment management, denials prevention and recovery, clinical integrity and revenue capture, and analytics and reporting solutions. It primarily serves healthcare industry. The company was founded in 2017 and is headquartered in Lehi, Utah.

Profile as reported by Yahoo Finance.

Who owns it

Insiders1.5%
Institutions98.5%
Public & other0.0%

417 institutional holders

As reported by Yahoo Finance.

Top holders

Eqt Fund Management S.a R.l.12.97%
Canada Pension Plan Investment Board9.92%
Blackrock Inc.8.69%
FMR, LLC7.80%
Bain Capital Investors Llc6.90%
Advent International LP5.77%
Vanguard Portfolio Management LLC3.34%
Vanguard Capital Management LLC2.68%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Latest ROE of 2.9% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion12.75×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend-6.5% → 10.2%

Margin has expanded by about 16.7 points — the business is getting more profitable.

Return on equity2.9%

Latest ROE of 2.9% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $323.2M · EPS 0.41

Est. earnings growth +10.2%

Next fiscal year

Rev $1.4B · EPS 1.85

Est. earnings growth +12.6%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$17.2652-wk range$41.47

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$4.0B

Day change

-3.7%

P/E (TTM)

28.4

Fwd P/E

11.2

P/B

1.0

Beta

0.07

Revenue (FY2025)

$1.1B

Net margin

10.2%

ROE

2.9%

Revenue CAGR (2y)

+17.9%

EPS (FY2025)

0.61

Net profit (FY2025)

$112.1M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about WAY

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.1B	$112.1M	0.61	10.2%	2.9%
FY2024	$943.5M	$-19.1M	-0.13	-2.0%	-0.6%
FY2023	$791.0M	$-51.3M	-0.42	-6.5%	-2.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$313.9M	$43.3M	0.22	13.8%
2025Q3	$268.7M	$30.6M	0.17	11.4%
2025Q2	$270.7M	$32.2M	0.18	11.9%
2025Q1	$256.4M	$29.3M	0.16	11.4%
2024Q3	$240.1M	$5.4M	0.03	2.3%
2024Q2	$234.5M	$-27.7M	-0.21	-11.8%
2024Q1	$224.8M	$-15.9M	-0.13	-7.1%
2023Q3	$197.3M	$-15.5M	-0.13	-7.9%
2023Q2	$196.0M	$-10.8M	-0.09	-5.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Shareholder vote results
SEC6/4/2026material
8-K — Results of operations, Exhibits
SEC4/29/2026material
10-Q filing
SEC4/29/2026

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.