WAY
Neutral signalScored 2026-10-12 Drivers: trend, fundamentals. Insiders: neutral. Moteurs : tendance, fondamentaux. Initiés : neutre.
Research, not advice.
À propos
Waystar Holding Corp.
- Nom
- Waystar Holding Corp.
- Secteur
- Healthcare
- Industrie
- Medical - Healthcare Information Services
- Bourse
- NASDAQ
- Capitalisation
- $5.5B
- Employés
- 1,700
- PDG
- Matthew J. Hawkins
- Site web
- https://waystar.com
- Marché
- CCLDCTEVDOCSEVHHCTIHQY
Waystar Holding Corp. is dedicated to developing a cloud-based software platform designed to streamline financial transactions within the healthcare industry. Their comprehensive system offers a suite of functionalities, including pre-approving finances, supporting patients with billing, overseeing claims and payments, actively preventing and recovering denied claims, enhancing revenue capture, and providing insightful analytics and reporting. The company's main clientele operates within the healthcare sector. Established in 2017, Waystar Holding Corp. is headquartered in Lehi, Utah.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
VENTE TOTALE: 165 000 titres (~4 306 450,50 $ US)
- Insiders
- Hawkins Matthew J.
- Total bought
-
—
Avg buy (VWAP, 90d window) —
- Total sold
-
$6,370,481
Avg sell (VWAP, 90d window) $25.74 vs last close $27.36 (+6.3%)
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
$6,370,481 of that total is under a Rule 10b5-1 plan. It is shown here and left out of the score.
- Last activity
- 2026-10-06
- Liquidity
- Liquid $55,419,543/day · 20d vol
- Last synced
-
2026-10-17 09:40:59
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-10-06 | Hawkins Matthew J. | Sell · S · 10b5-1 | 82,500 | $26.23 | $2,163,868 | Form 4 |
| 2026-09-02 | Hawkins Matthew J. | Sell · S · 10b5-1 | 82,500 | $25.97 | $2,142,583 | Form 4 |
| 2026-08-13 | Hawkins Matthew J. | Sell · S · 10b5-1 | 60,038 | $25.01 | $1,501,676 | Form 4 |
| 2026-08-11 | Hawkins Matthew J. | Sell · S · 10b5-1 | 22,462 | $25.04 | $562,354 | Form 4 |
Sales marked 10b5-1 are scheduled in advance and don't count toward the Quorum score. Les ventes marquées 10b5-1 sont planifiées à l'avance et ne pèsent pas dans le score Quorum.
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Signal
Neutral signalScored 2026-10-12 Drivers: trend, fundamentals. Insiders: neutral. Moteurs : tendance, fondamentaux. Initiés : neutre.
WAY shows a genuine financial turnaround with improving margins and reduced leverage, but the M&A catalyst carries meaningful uncertainty given contradictory insider selling signals that undermine conviction in the…
The first sentence of the analysis written for WAY on 2026-10-12 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Unavailable or mixed. – Insider: neutral. All sales (≈ $6.4M) were pre-planned Rule 10b5-1 trades, excluded from the score. No open-market buys or discretionary sales. – Initiés : neutre. Toutes les ventes (≈ $6.4M) sont sous plan 10b5-1 préétabli, exclues du score. Aucun achat ni vente discrétionnaire.
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Narrative Unavailable or mixed. Stored narrative reading is in the neutral band
- Timing Pulls against a bullish reading. Close is more than 0.5 ATR under stored support
- Financial indicators Supports a bullish reading. Current ratio 1.41 · operating margin 23%
Suggested stop 22.90, nearest stored support minus 0.5 ATR(16.3% under the last close). Reward/risk to the next stored resistance is 0.12. Wait — that reward/risk is under 2. Research, not advice. Not an order.
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 68.3% | 66.5% | 68.4% | 69.5% | 73.8% | |
| Ebit Margin | 22.7% | 13.1% | 18.0% | 12.7% | 10.4% | |
| Ebitda Margin | 35.5% | 32.9% | 40.3% | 38.7% | 40.9% | |
| Operating Profit Margin | 22.7% | 13.1% | 18.0% | 12.7% | 10.4% | |
| Pretax Profit Margin | 15.6% | -2.4% | -8.1% | -9.3% | -11.5% | |
| Continuous Operations Profit Margin | 10.2% | -2.0% | -6.5% | -7.3% | -8.1% | |
| Net Profit Margin | 10.2% | -2.0% | -6.5% | -7.3% | -8.1% | |
| Bottom Line Profit Margin | 10.2% | -2.0% | -6.5% | -7.3% | -8.1% | |
| Current Ratio | 1.414 | 2.548 | 1.798 | 2.132 | 1.514 | |
| Quick Ratio | 1.414 | 2.548 | 1.798 | 2.132 | 1.514 | |
| Solvency Ratio | 0.133 | 0.112 | 0.049 | 0.051 | 0.049 | |
| Cash Ratio | 0.281 | 1.251 | 0.288 | 0.632 | 0.429 | |
| Price To Earnings Ratio | 51.984 | -282.308 | -66.774 | -66.774 | -73.929 | |
| Price To Earnings Growth Ratio | -0.089 | 4.862 | 0.000 | -6.232 | 0.000 | |
| Forward Price To Earnings Growth Ratio | -0.089 | 4.862 | 0.000 | -6.232 | 0.000 | |
| Price To Earnings Diluted Ratio | 53.689 | -282.308 | -66.774 | -66.774 | -73.929 | |
| Price To Earnings Diluted Growth Ratio | -0.094 | 4.862 | 0.000 | -6.232 | 0.000 | |
| Price To Book Ratio | 1.502 | 1.786 | 1.683 | 1.638 | 1.626 | |
| Price To Sales Ratio | 5.301 | 5.831 | 4.361 | 4.894 | 5.963 | |
| Price To Free Cash Flow Ratio | 20.577 | 38.610 | 115.214 | 40.491 | 37.554 | |
| Price To Operating Cash Flow Ratio | 18.817 | 32.408 | 67.040 | 33.613 | 32.422 | |
| Debt To Assets Ratio | 0.258 | 0.276 | 0.491 | 0.482 | 0.480 | |
| Debt To Equity Ratio | 0.384 | 0.410 | 1.097 | 1.074 | 1.082 | |
| Debt To Capital Ratio | 0.278 | 0.291 | 0.523 | 0.518 | 0.520 | |
| Long Term Debt To Capital Ratio | 0.273 | 0.284 | 0.518 | 0.512 | 0.516 | |
| Financial Leverage Ratio | 1.491 | 1.486 | 2.236 | 2.229 | 2.252 | |
| Working Capital Turnover Ratio | 6.963 | 5.825 | 7.384 | 8.181 | 0.000 | |
| Operating Cash Flow Ratio | 1.420 | 1.166 | 0.417 | 1.004 | 0.965 | |
| Operating Cash Flow Sales Ratio | 0.282 | 0.180 | 0.065 | 0.146 | 0.184 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.914 | 0.839 | 0.582 | 0.830 | 0.863 | |
| Debt Service Coverage Ratio | 3.599 | 1.987 | 1.479 | 1.656 | 1.765 | |
| Interest Coverage Ratio | 3.215 | 0.846 | 0.690 | 0.576 | 0.475 | |
| Short Term Operating Cash Flow Coverage Ratio | 21.817 | 14.550 | 2.862 | 5.707 | 5.917 | |
| Operating Cash Flow Coverage Ratio | 0.208 | 0.134 | 0.023 | 0.045 | 0.046 | |
| Capital Expenditure Coverage Ratio | 11.694 | 6.226 | 2.392 | 5.887 | 7.318 | |
| Dividend Paid And Capex Coverage Ratio | 11.694 | 6.226 | 2.392 | 5.887 | 7.318 | |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Enterprise Value Multiple | 18.614 | 21.211 | 17.779 | 20.713 | 24.104 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 68.3% | ▲1.8% | ▼-1.0% |
| Ebit Margin | 22.7% | ▲9.6% | ▲7.3% |
| Ebitda Margin | 35.5% | ▲2.6% | ▼-2.2% |
| Operating Profit Margin | 22.7% | ▲9.6% | ▲7.3% |
| Pretax Profit Margin | 15.6% | ▲18.0% | ▲18.8% |
| Continuous Operations Profit Margin | 10.2% | ▲12.2% | ▲13.0% |
| Net Profit Margin | 10.2% | ▲12.2% | ▲13.0% |
| Bottom Line Profit Margin | 10.2% | ▲12.2% | ▲13.0% |
| Current Ratio | 1.414 | ▼-1.133 | ▼-0.467 |
| Quick Ratio | 1.414 | ▼-1.133 | ▼-0.467 |
| Solvency Ratio | 0.133 | ▲0.021 | ▲0.054 |
| Cash Ratio | 0.281 | ▼-0.969 | ▼-0.295 |
| Price To Earnings Ratio | 51.984 | ▲334.292 | ▲139.544 |
| Price To Earnings Growth Ratio | -0.089 | ▼-4.951 | ▲0.203 |
| Forward Price To Earnings Growth Ratio | -0.089 | ▼-4.951 | ▲0.203 |
| Price To Earnings Diluted Ratio | 53.688 | ▲335.996 | ▲140.908 |
| Price To Earnings Diluted Growth Ratio | -0.094 | ▼-4.956 | ▲0.199 |
| Price To Book Ratio | 1.502 | ▼-0.284 | ▼-0.145 |
| Price To Sales Ratio | 5.301 | ▼-0.530 | ▲0.031 |
| Price To Free Cash Flow Ratio | 20.576 | ▼-18.033 | ▼-29.913 |
| Price To Operating Cash Flow Ratio | 18.817 | ▼-13.591 | ▼-18.043 |
| Debt To Assets Ratio | 0.258 | ▼-0.018 | ▼-0.140 |
| Debt To Equity Ratio | 0.384 | ▼-0.026 | ▼-0.425 |
| Debt To Capital Ratio | 0.278 | ▼-0.013 | ▼-0.148 |
| Long Term Debt To Capital Ratio | 0.273 | ▼-0.011 | ▼-0.147 |
| Financial Leverage Ratio | 1.492 | ▲0.005 | ▼-0.447 |
| Working Capital Turnover Ratio | 6.963 | ▲1.138 | ▲1.292 |
| Operating Cash Flow Ratio | 1.420 | ▲0.254 | ▲0.426 |
| Operating Cash Flow Sales Ratio | 0.282 | ▲0.102 | ▲0.111 |
| Free Cash Flow Operating Cash Flow Ratio | 0.914 | ▲0.075 | ▲0.109 |
| Debt Service Coverage Ratio | 3.599 | ▲1.613 | ▲1.502 |
| Interest Coverage Ratio | 3.215 | ▲2.369 | ▲2.055 |
| Short Term Operating Cash Flow Coverage Ratio | 21.817 | ▲7.267 | ▲11.647 |
| Operating Cash Flow Coverage Ratio | 0.208 | ▲0.073 | ▲0.116 |
| Capital Expenditure Coverage Ratio | 11.694 | ▲5.468 | ▲4.991 |
| Dividend Paid And Capex Coverage Ratio | 11.694 | ▲5.468 | ▲4.991 |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 |
| Enterprise Value Multiple | 18.614 | ▼-2.597 | ▼-1.871 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $5.83B | $5.50B | $3.45B | $3.45B | $3.45B | |
| Enterprise value | $7.26B | $6.58B | $5.66B | $5.65B | $5.70B | |
| EV / Sales | 6.60x | 6.98x | 7.16x | 8.01x | 9.85x | |
| EV / Op. cash flow | 23.43x | 38.78x | 110.06x | 55.02x | 53.55x | |
| EV / Free cash flow | 25.62x | 46.20x | 189.15x | 66.28x | 62.02x | |
| EV / EBITDA | 18.61x | 21.21x | 17.78x | 20.71x | 24.10x | |
| Net debt / EBITDA | 3.67x | 3.48x | 6.95x | 8.06x | 9.51x | |
| Current ratio | 1.41x | 2.55x | 1.80x | 2.13x | 1.51x | |
| Income quality | 2.76x | -8.88x | -1.00x | -2.00x | -2.26x | |
| Graham number | $18 | — | — | — | — | |
| Graham net-net | -$9 | -$8 | -$14 | -$15 | -$15 | |
| Tax burden | 65.3% | 84.8% | 80.4% | 78.1% | 70.6% | |
| Interest burden | 68.9% | -18.2% | -44.9% | -73.6% | -110.6% | |
| Working capital | $90.3M | $225.4M | $98.6M | $115.7M | $56.6M | |
| Invested capital | $5.46B | $4.34B | $4.39B | $4.52B | $4.62B | |
| Return on assets | 1.9% | -0.4% | -1.1% | -1.1% | -1.0% | |
| Operating ROA | 4.8% | 2.7% | 3.1% | 1.9% | 0.0% | |
| Return on tangible assets | 23.6% | -3.7% | -14.0% | -14.4% | -17.3% | |
| Return on equity | 2.9% | -0.6% | -2.5% | -2.4% | -2.2% | |
| Return on invested capital | 2.9% | 2.4% | 2.5% | 1.5% | 0.9% | |
| Return on capital employed | 4.5% | 2.8% | 3.2% | 1.9% | 1.3% | |
| Earnings yield | 1.9% | -0.3% | -1.5% | -1.5% | -1.4% | |
| Free cash flow yield | 4.9% | 2.6% | 0.9% | 2.5% | 2.7% | |
| Capex / Op. cash flow | 8.6% | 16.1% | 41.8% | 17.0% | 13.7% | |
| Capex / Depreciation | 18.8% | 14.6% | 12.2% | 9.5% | 8.3% | |
| Capex / Sales | 2.4% | 2.9% | 2.7% | 2.5% | 2.5% | |
| SG&A / Sales | 27.9% | 28.5% | 23.7% | 26.2% | 28.0% | |
| R&D / Sales | 5.0% | 5.2% | 4.5% | 4.7% | 4.9% | |
| Stock comp / Sales | 3.8% | 5.8% | 1.1% | 1.1% | 1.2% | |
| Intangibles / Total assets | 91.8% | 88.7% | 92.0% | 92.4% | 94.3% | |
| Days sales outstanding | 61d | 57d | 61d | 58d | 65d | |
| Days payables outstanding | 53d | 55d | 66d | 48d | 84d | |
| Operating cycle | 61d | 57d | 61d | 58d | 65d | |
| Cash conversion cycle | 8d | 3d | -5d | 10d | -19d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years
Employee count
Peer market caps
Recent news
- 2026-09-22 WAYSTAR INVESTOR ALERT: Kaskela Law Firm Announces Stockholder Investigation of Waystar Holding Corp. (WAY) and Encourages Investors to Contact the Firm to Explore Their Legal Rights and Options PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law announces that it is investigating Waystar Holding Corp. (NASDAQ: WAY) (“Waystar”) on behalf of the company''s stockholders.Click here to request additional information: https://kaskelalaw.com/case/waystar-holding-corp/The investigation seeks to determine whether Waystar and/or the company''s officers and directors violated the securities laws or breached their fiduciary duties in connection with recent corporate actions.Waystar stockholders are encourage.
- 2026-09-16 Waystar (WAY) Soars 7.1%: Is Further Upside Left in the Stock? Waystar (WAY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn''t suggest further strength down the road.
- 2026-09-15 Waystar Considers Sale of Healthcare Payments Software Firm Healthcare industry payments management software company Waystar is reportedly considering a potential sale. Such a deal could return Waystar to private ownership two years after the company went public, according to a Tuesday (Sept.
- 2026-09-15 Radiant Logistics, Waystar, Forgent Power Solutions And Other Big Stocks Moving Higher On Tuesday U.S. stocks were lower, with the Dow Jones index falling around 300 points on Tuesday.
- 2026-09-15 Healthcare software firm Waystar explores options including sale, sources say Software provider Waystar , whose products are used by hospitals and doctors to manage payments, is exploring options including a potential sale that could return it to private hands two years after a stock market listing in New York, seven sources familiar with the matter said.
- 2026-09-10 Waystar: Subscription Growth And AI Expansion Justify The Buy Position Waystar Holding earns a buy rating for its compelling mix of 18% revenue growth, 34% subscription growth, and 42.8% adjusted EBITDA margin. WAY''s expanding AI capabilities and the Iodine Software acquisition enhance platform value, drive cross-selling, and increase the addressable market by over 15%. Subscription revenue and net revenue retention of 108% underscore a stable, recurring revenue base with strong client expansion and upselling.
- 2026-08-27 Bain Capital Venture Investors LLC Takes $18.13 Billion Position in Waystar Holding Corp. $WAY Bain Capital Venture Investors LLC purchased a new position in Waystar Holding Corp. (NASDAQ: WAY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 882,965 shares of the company''s stock, valued at approximately $18,127,271,000. Waystar comprises about 13.6% of Bain Capital
- 2026-08-27 Bamco Inc. NY Purchases Shares of 1,787,600 Waystar Holding Corp. $WAY Bamco Inc. NY bought a new position in Waystar Holding Corp. (NASDAQ: WAY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,787,600 shares of the company''s stock, valued at approximately $36,699,000. Bamco Inc. NY owned 0.93% of Waystar at the end
- 2026-08-26 Waystar Holding Corp. (WAY) Analyst/Investor Day Transcript Waystar Holding Corp. (WAY) Analyst/Investor Day Transcript
- 2026-08-26 Waystar Launches New Agentic Solutions Transforming AI Into Action Across the Revenue Cycle Waystar Launches New Agentic Solutions Transforming AI Into Action Across the Revenue Cycle PR Newswire LEHI, Utah