Waystar Holding Corp.

WAY

WAYWaystar Holding Corp. US flag

NASDAQ Global Select

20.83

USD

-0.68

- -

4.00BMarket Cap

Profitability (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-1.09	-1.11	-0.42	2.16
Return on Capital (%)	- -	- -	- -	- -	13.4
Return on Invested Capital (%)	- -	- -	- -	- -	3.35
Gross Margin (%)	73.77	69.51	68.42	66.54	68.33
EBITDA Margin (%)	40.86	38.68	40.27	32.89	35.46
Operating Margin (%)	10.42	12.69	17.96	13.11	22.68
Incremental Operating Margin (%)	- -	23.07	61.1	-12.03	80.64
Pretax Margin (%)	-11.53	-9.35	-8.07	-2.39	15.63
Profit Margin (%)	-8.14	-7.3	-6.49	-2.03	10.2
Net Income to Common Margin (%)	-8.14	-7.3	-6.49	-2.03	10.2
Effective Tax Rate (%)	- -	- -	- -	- -	34.74
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	2,295	2,261	2,249	1,263	1,491
ST Debt	19	23	23	18	20
LT Debt	2,276	2,239	2,226	1,245	1,471
Total Debt/EBITDA	9.71	8.3	7.06	4.07	3.82
Net Debt/EBITDA	9.45	7.93	6.85	3.38	3.62
Total Debt/EBIT	38.05	25.28	15.83	10.21	5.98
Net Debt/EBIT	37.03	24.16	15.36	8.49	5.66
EBITDA to Interest Expense	1.86	1.76	1.55	2.12	5.03
EBITDA-CapEx/Interest Expense	1.75	1.64	1.44	1.94	4.69
EBIT to Interest Expense	0.47	0.58	0.69	0.85	3.22
Interest Expense	127	155	206	146	78
Common Equity/Total Assets	-2.03	-3.18	-4.38	-4.79	-1.85
Long-Term Debt/Equity (%)	107.31	106.29	108.6	40.43	37.92
Long-Term Debt/Capital (%)	103.56	105.99	108.66	119.25	106.26
Long-Term Debt/Total Assets (%)	47.65	47.69	48.57	27.2	25.42
Total Debt/Equity (%)	108.2	107.37	109.73	41.02	38.44
Total Debt/Capital (%)	104.41	107.06	109.79	120.99	107.72
Total Debt/Total Assets (%)	48.05	48.17	49.08	27.6	25.77
Net Debt to Equity	105.29	102.62	106.45	34.1	36.39
Net Debt/Capital (%)	103.84	105.55	108.39	121.84	106.72
EBITDA	236	273	319	310	390
EBITDA-CapEx	222	255	297	283	363
Operating Income (Loss)	60	89	142	124	249

Liquidity (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.43	0.63	0.29	1.25	0.4
Current Ratio	1.51	2.13	1.8	2.55	1.41
Quick Ratio	1.36	1.72	1.36	2.27	1.24
CFO/Avg Current Liab	- -	0.97	0.46	1.26	1.7
Common Equity/Total Assets	-2.03	-3.18	-4.38	-4.79	-1.85
Long-Term Debt/Equity (%)	107.31	106.29	108.6	40.43	37.92
Long-Term Debt/Capital (%)	103.56	105.99	108.66	119.25	106.26
Long-Term Debt/Total Assets (%)	47.65	47.69	48.57	27.2	25.42
Total Debt/Equity (%)	108.2	107.37	109.73	41.02	38.44
Total Debt/Capital (%)	104.41	107.06	109.79	120.99	107.72
Total Debt/Total Assets (%)	48.05	48.17	49.08	27.6	25.77
CFO/Total Liabilities	4.01	3.97	2.03	11.34	16.24
CFO/CapEx	7.32	5.89	2.39	6.23	11.69
Altman's Z-Score	2.59	2.59	2.99	4.74	5.78

Working Capital (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	7.07	6.78	6.96	6.82
Days Sales Outstanding	- -	51.6	53.8	52.48	53.5
Inventory Turnover	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	6.83	6.79	6.8	7.08
Accounts Payable Turnover Days	- -	53.44	53.76	53.67	51.53
Cash Conversion Cycle	- -	-1.83	0.03	-1.19	1.97
Inventory to Cash Days	- -	51.6	53.8	52.48	53.5
Inventories	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	5,502	5,827
- Cash & Cash Equivalents	47	65	36	182	61
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -
+ Total Debt	2,295	2,261	2,249	1,263	1,491
Enterprise Value	2,248	2,197	2,214	6,583	7,232
Total Capital	2,198	2,112	2,049	1,044	1,384
Total Debt/Capital (%)	104.41	107.06	109.79	120.99	107.72
Total Debt / EV	1.02	1.03	1.02	0.19	0.21
EV/Sales	3.89	3.12	2.8	6.98	6.58
EV/EBITDA	9.51	8.06	6.95	21.21	18.55
EV/EBIT	37.27	24.56	15.58	53.21	29.01
EV/Cash Flow to Firm	11.46	9.81	10.2	22.4	20.07
EV/Free Cash Flow to Firm	10.67	9.1	9.28	20.5	18.7
Diluted Market Cap	- -	- -	- -	5,502	6,052
Diluted Enterprise Value	2,248	2,197	2,214	6,583	7,481
EV per Share	13.49	13.18	13.28	43.91	40.64
TTM Sales	579	705	791	944	1,099
TTM EBITDA	236	273	319	310	390
TTM Operating Income	60	89	142	124	249
TTM Cash Flow to Firm	196	224	217	294	360
TTM Free Cash Flow to Firm	211	241	239	321	387

Multiples (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	27.92	18
EV/EBIT	37.27	24.56	15.58	53.21	29.01
Enterprise Value	2,248	2,197	2,214	6,583	7,232
Low Price	- -	- -	- -	20.26	29.4
EV/Sales	3.89	3.12	2.8	6.98	6.58
EV/EBITDA	9.51	8.06	6.95	21.21	18.55
Price/Earnings	- -	- -	- -	- -	51.99
Price/Earnings Average	- -	- -	- -	-212.2	59.78
Price/Earnings High	- -	- -	- -	-300.62	76.37
Price/Earnings Low	- -	- -	- -	-158.81	46.67
Price/Book Value	- -	- -	- -	-25.1	-54.51
Price/Book Value Average	- -	- -	- -	-18.52	-62.69
Price/Book Value High	- -	- -	- -	-26.23	-80.08
Price/Book Value Low	- -	- -	- -	-13.86	-48.94
Price/Tangible Book Value	- -	- -	- -	-5.62	-4.07
Price/Tangible Book Value Average	- -	- -	- -	-4.14	-4.68
Price/Tangible Book Value High	- -	- -	- -	-5.87	-5.98
Price/Tangible Book Value Low	- -	- -	- -	-3.1	-3.66
Price/Sales	- -	- -	- -	5.83	5.3
Price/Sales Average	- -	- -	- -	4.3	6.1
Price/Sales High	- -	- -	- -	6.09	7.79
Price/Sales Low	- -	- -	- -	3.22	4.76
Price/Cash Flow	- -	- -	- -	32.41	18.82
Price/Cash Flow Average	- -	- -	- -	23.91	21.64
Price/Cash Flow High	- -	- -	- -	33.87	27.64
Price/Cash Flow Low	- -	- -	- -	17.89	16.89
Price/Free Cash Flow Average	- -	- -	- -	20.6	20.7
Price/Free Cash Flow High	- -	- -	- -	29.18	26.45
Price/Free Cash Flow Low	- -	- -	- -	15.41	16.16
EV/Sales Average	3.89	3.12	2.8	5.45	7.4
EV/Sales High	3.89	3.12	2.8	7.24	9.09
EV/Sales Low	3.89	3.12	2.8	4.36	6.06
EV/EBITDA Average	9.51	8.06	6.95	16.56	20.86
EV/EBITDA High	9.51	8.06	6.95	22.01	25.62
EV/EBITDA Low	9.51	8.06	6.95	13.27	17.08
EV/EBIT Average	37.27	24.56	15.58	41.54	32.61
EV/EBIT High	37.27	24.56	15.58	55.21	40.07
EV/EBIT Low	37.27	24.56	15.58	33.29	26.72
Last Price	- -	- -	- -	36.7	32.75
High Price	- -	- -	- -	38.35	48.11
Enterprise Value Average	2,248	2,197	2,214	5,139	8,131
Enterprise Value High	2,248	2,197	2,214	6,830	9,990
Enterprise Value Low	2,248	2,197	2,214	4,118	6,661

Profitability (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-1.09	-1.11	-0.42	2.16
Return on Capital (%)	- -	- -	- -	- -	13.4
Return on Invested Capital (%)	- -	- -	- -	- -	3.35
Gross Margin (%)	73.77	69.51	68.42	66.54	68.33
EBITDA Margin (%)	40.86	38.68	40.27	32.89	35.46
Operating Margin (%)	10.42	12.69	17.96	13.11	22.68
Incremental Operating Margin (%)	- -	23.07	61.1	-12.03	80.64
Pretax Margin (%)	-11.53	-9.35	-8.07	-2.39	15.63
Profit Margin (%)	-8.14	-7.3	-6.49	-2.03	10.2
Net Income to Common Margin (%)	-8.14	-7.3	-6.49	-2.03	10.2
Effective Tax Rate (%)	- -	- -	- -	- -	34.74
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	2,295	2,261	2,249	1,263	1,491
ST Debt	19	23	23	18	20
LT Debt	2,276	2,239	2,226	1,245	1,471
Total Debt/EBITDA	9.71	8.3	7.06	4.07	3.82
Net Debt/EBITDA	9.45	7.93	6.85	3.38	3.62
Total Debt/EBIT	38.05	25.28	15.83	10.21	5.98
Net Debt/EBIT	37.03	24.16	15.36	8.49	5.66
EBITDA to Interest Expense	1.86	1.76	1.55	2.12	5.03
EBITDA-CapEx/Interest Expense	1.75	1.64	1.44	1.94	4.69
EBIT to Interest Expense	0.47	0.58	0.69	0.85	3.22
Interest Expense	127	155	206	146	78
Common Equity/Total Assets	-2.03	-3.18	-4.38	-4.79	-1.85
Long-Term Debt/Equity (%)	107.31	106.29	108.6	40.43	37.92
Long-Term Debt/Capital (%)	103.56	105.99	108.66	119.25	106.26
Long-Term Debt/Total Assets (%)	47.65	47.69	48.57	27.2	25.42
Total Debt/Equity (%)	108.2	107.37	109.73	41.02	38.44
Total Debt/Capital (%)	104.41	107.06	109.79	120.99	107.72
Total Debt/Total Assets (%)	48.05	48.17	49.08	27.6	25.77
Net Debt to Equity	105.29	102.62	106.45	34.1	36.39
Net Debt/Capital (%)	103.84	105.55	108.39	121.84	106.72
EBITDA	236	273	319	310	390
EBITDA-CapEx	222	255	297	283	363
Operating Income (Loss)	60	89	142	124	249

Liquidity (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.43	0.63	0.29	1.25	0.4
Current Ratio	1.51	2.13	1.8	2.55	1.41
Quick Ratio	1.36	1.72	1.36	2.27	1.24
CFO/Avg Current Liab	- -	0.97	0.46	1.26	1.7
Common Equity/Total Assets	-2.03	-3.18	-4.38	-4.79	-1.85
Long-Term Debt/Equity (%)	107.31	106.29	108.6	40.43	37.92
Long-Term Debt/Capital (%)	103.56	105.99	108.66	119.25	106.26
Long-Term Debt/Total Assets (%)	47.65	47.69	48.57	27.2	25.42
Total Debt/Equity (%)	108.2	107.37	109.73	41.02	38.44
Total Debt/Capital (%)	104.41	107.06	109.79	120.99	107.72
Total Debt/Total Assets (%)	48.05	48.17	49.08	27.6	25.77
CFO/Total Liabilities	4.01	3.97	2.03	11.34	16.24
CFO/CapEx	7.32	5.89	2.39	6.23	11.69
Altman's Z-Score	2.59	2.59	2.99	4.74	5.78

Working Capital (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	7.07	6.78	6.96	6.82
Days Sales Outstanding	- -	51.6	53.8	52.48	53.5
Inventory Turnover	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	6.83	6.79	6.8	7.08
Accounts Payable Turnover Days	- -	53.44	53.76	53.67	51.53
Cash Conversion Cycle	- -	-1.83	0.03	-1.19	1.97
Inventory to Cash Days	- -	51.6	53.8	52.48	53.5
Inventories	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	5,502	5,827
- Cash & Cash Equivalents	47	65	36	182	61
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -
+ Total Debt	2,295	2,261	2,249	1,263	1,491
Enterprise Value	2,248	2,197	2,214	6,583	7,232
Total Capital	2,198	2,112	2,049	1,044	1,384
Total Debt/Capital (%)	104.41	107.06	109.79	120.99	107.72
Total Debt / EV	1.02	1.03	1.02	0.19	0.21
EV/Sales	3.89	3.12	2.8	6.98	6.58
EV/EBITDA	9.51	8.06	6.95	21.21	18.55
EV/EBIT	37.27	24.56	15.58	53.21	29.01
EV/Cash Flow to Firm	11.46	9.81	10.2	22.4	20.07
EV/Free Cash Flow to Firm	10.67	9.1	9.28	20.5	18.7
Diluted Market Cap	- -	- -	- -	5,502	6,052
Diluted Enterprise Value	2,248	2,197	2,214	6,583	7,481
EV per Share	13.49	13.18	13.28	43.91	40.64
TTM Sales	579	705	791	944	1,099
TTM EBITDA	236	273	319	310	390
TTM Operating Income	60	89	142	124	249
TTM Cash Flow to Firm	196	224	217	294	360
TTM Free Cash Flow to Firm	211	241	239	321	387

Multiples (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	27.92	18
EV/EBIT	37.27	24.56	15.58	53.21	29.01
Enterprise Value	2,248	2,197	2,214	6,583	7,232
Low Price	- -	- -	- -	20.26	29.4
EV/Sales	3.89	3.12	2.8	6.98	6.58
EV/EBITDA	9.51	8.06	6.95	21.21	18.55
Price/Earnings	- -	- -	- -	- -	51.99
Price/Earnings Average	- -	- -	- -	-212.2	59.78
Price/Earnings High	- -	- -	- -	-300.62	76.37
Price/Earnings Low	- -	- -	- -	-158.81	46.67
Price/Book Value	- -	- -	- -	-25.1	-54.51
Price/Book Value Average	- -	- -	- -	-18.52	-62.69
Price/Book Value High	- -	- -	- -	-26.23	-80.08
Price/Book Value Low	- -	- -	- -	-13.86	-48.94
Price/Tangible Book Value	- -	- -	- -	-5.62	-4.07
Price/Tangible Book Value Average	- -	- -	- -	-4.14	-4.68
Price/Tangible Book Value High	- -	- -	- -	-5.87	-5.98
Price/Tangible Book Value Low	- -	- -	- -	-3.1	-3.66
Price/Sales	- -	- -	- -	5.83	5.3
Price/Sales Average	- -	- -	- -	4.3	6.1
Price/Sales High	- -	- -	- -	6.09	7.79
Price/Sales Low	- -	- -	- -	3.22	4.76
Price/Cash Flow	- -	- -	- -	32.41	18.82
Price/Cash Flow Average	- -	- -	- -	23.91	21.64
Price/Cash Flow High	- -	- -	- -	33.87	27.64
Price/Cash Flow Low	- -	- -	- -	17.89	16.89
Price/Free Cash Flow Average	- -	- -	- -	20.6	20.7
Price/Free Cash Flow High	- -	- -	- -	29.18	26.45
Price/Free Cash Flow Low	- -	- -	- -	15.41	16.16
EV/Sales Average	3.89	3.12	2.8	5.45	7.4
EV/Sales High	3.89	3.12	2.8	7.24	9.09
EV/Sales Low	3.89	3.12	2.8	4.36	6.06
EV/EBITDA Average	9.51	8.06	6.95	16.56	20.86
EV/EBITDA High	9.51	8.06	6.95	22.01	25.62
EV/EBITDA Low	9.51	8.06	6.95	13.27	17.08
EV/EBIT Average	37.27	24.56	15.58	41.54	32.61
EV/EBIT High	37.27	24.56	15.58	55.21	40.07
EV/EBIT Low	37.27	24.56	15.58	33.29	26.72
Last Price	- -	- -	- -	36.7	32.75
High Price	- -	- -	- -	38.35	48.11
Enterprise Value Average	2,248	2,197	2,214	5,139	8,131
Enterprise Value High	2,248	2,197	2,214	6,830	9,990
Enterprise Value Low	2,248	2,197	2,214	4,118	6,661

Shares Outstanding	167	167	167	172	192
Diluted Weighted Avg Shares	167	167	167	150	185
Basic Weighted Avg Shares	167	167	167	150	178
Revenue per Share	3.47	4.23	4.75	6.29	6.18
EBITDA per Share	1.42	1.64	1.91	2.07	2.19
Operating Income per Share	0.36	0.54	0.85	0.83	1.4
Basic EPS, GAAP	-0.28	-0.31	-0.31	-0.13	0.63
Basic EPS from Cont Ops	-0.28	-0.31	-0.31	-0.13	0.63
Diluted EPS, GAAP	-0.28	-0.31	-0.31	-0.13	0.61
Diluted EPS from Cont Ops	-0.28	-0.31	-0.31	-0.13	0.61
Dividend per Share	- -	- -	- -	- -	- -
Cash Flow per Share	0.64	0.62	0.31	1.13	1.74
Free Cash Flow per Basic Share	0.55	0.51	0.18	0.95	1.59
Cash & Equivalents per Share	0.28	0.39	0.21	1.21	0.48
Book Value per Share	-0.58	-0.9	-1.2	-1.46	-0.6
Tangible Book Value per Share	-14.3	-13.38	-13	-6.53	-8.04

Waystar Holding Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)