GDRX vs WAY vs DOCS Stock Comparison

GoodRx Holdings, Waystar Holding and Doximity Prices as of Oct 27, 2026 Peers: Industry group
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GDRX GoodRx Holdings, Inc.
$3.48 +3.9% 1M -7.7% 1Y
Market cap
$1.18B
P/E
72.5x
Revenue (TTM)
$785.23M
Div. yield
–
Healthcare IT Technology
3 wins
WAY Waystar Holding Corp.
$28.02 +13.4% 1M -28.8% 1Y
Market cap
$5.51B
P/E
40.9x
Revenue (TTM)
$1.21B
Div. yield
–
Healthcare IT Technology
3 wins
DOCS Doximity, Inc.
$33.23 +26.1% 1M -51.5% 1Y
Market cap
$6.22B
P/E
37.2x
Revenue (TTM)
$655.57M
Div. yield
–
Healthcare IT Technology
5 wins

Head to Head

11 decided of 12

Doximity leads on 5 of the 12 questions below (Doximity 5, GoodRx Holdings 3, Waystar Holding 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGDRXWAYDOCSLeader
Larger companyMarket capitalisation $1.18B $5.51B $6.22B DOCS
Cheaper on earningsLower P/E, profitable companies only 72.5x 40.9x 37.2x DOCS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.0x 16.1x 23.2x GDRX
Faster revenue growthRevenue growth, trailing twelve months -1.8% +19.2% +11.2% WAY
More profitableNet margin, trailing twelve months 2.1% 11.2% 25.5% DOCS
Better return on capitalReturn on invested capital 2.6% 3.5% — WAY
Less leveragedLower net debt / EBITDA 1.2x 2.9x — GDRX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -7.7% -28.8% -51.5% GDRX
Better 5-year returnAnnualised price return, 5 years -39.8%/yr — -13.7%/yr DOCS
Less volatileAnnualised volatility, 1 year 56.1% 54.6% 64.6% WAY
Higher overall scoreMean of the five percentile scores vs peers 62/100 59/100 73/100 DOCS

Percentile Scorecard

GDRXWAYDOCS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisGDRXWAYDOCS
Valuation 89 #11 of 89 73 #25 of 89 53 #42 of 89
Growth 26 #60 of 81 66 #28 of 81 40 #49 of 81
Profitability 71 #23 of 76 76 #19 of 76 95 #5 of 76
Financial Health 38 #59 of 94 55 #43 of 94 97 #4 of 94
Shareholder Returns 86 #8 of 51 24 #39 of 51 82 #10 of 51
Overall 62 59 73
  • GDRX ranked among 98 companies in Vertical Software
  • WAY ranked among 98 companies in Vertical Software
  • DOCS ranked among 98 companies in Vertical Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodGDRXWAYDOCSSPY
1 month +3.9%+13.4%+26.1% -0.2%
3 months +11.5%+18.3%+55.1% +3.9%
6 months +50.0%+11.1%+35.2% +8.2%
Year to date +28.4%-14.4%-25.0% +12.9%
1 year -7.7%-28.8%-51.5% +12.3%
3 years -31.9%—+59.9% +87.4%
3 years, per year -12.0%—+17.0% +23.3%
5 years -92.1%—-52.0% +67.9%
5 years, per year -39.8%—-13.7% +10.9%

Risk

MeasureGDRXWAYDOCSSPY
Volatility, 1Y 56.1%54.6%64.6% 12.7%
Downside volatility, 1Y 59.3%57.8%67.1% 12.7%
Beta vs S&P 500, 1Y 1.320.520.43 1.00
Return / volatility, 1Y -0.14-0.53-0.80 0.97
Max drawdown, 5Y -95.8%-61.8%-78.3% -25.4%
From 52-week high -8.4%-29.3%-51.5% -1.2%
52-week high $3.80$39.62$68.50 $779.14
52-week low $1.87$17.31$18.01 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleGDRXWAYDOCS
P/E now vs peer median 72.7xmedian 40.1x 39.9xmedian 40.1x 36.3xmedian 40.1x
P/S now vs peer median 1.5xmedian 2.5x 4.5xmedian 2.5x 9.1xmedian 2.5x
EV/EBITDA now vs peer median 8.3xmedian 18.5x 15.3xmedian 18.5x 23.6xmedian 18.5x
P/FCF now vs peer median 6.0xmedian 20.1x 21.8xmedian 20.1x 19.5xmedian 20.1x
P/B now vs peer median 1.8xmedian 1.8x 1.3xmedian 1.8x 6.5xmedian 1.8x
PEG now vs peer median 4.05median 1.73 —median 1.73 2.27median 1.73

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsGDRXWAYDOCS
Revenue $785.23M $1.21B $655.57M
Gross profit $713.19M $833.24M $577.34M
Operating income $74.94M $275.76M $194.05M
Net income $16.25M $134.79M $167.05M
Free cash flow $197.09M $246.26M $306.28M
R&D $116.84M $67.01M $142.38M
EPS (diluted) $0.05 $0.69 $0.87
Cash & equivalents $296.11M $12.65M $273.60M
Total debt $486.59M $5.39B –
Shares (diluted) 348.06M 194.51M 191.17M
Enterprise value $111.48M $4.66B $3.17B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricGDRXWAYDOCS
P/E 72.7x 39.9x 36.3x
P/FCF 6.0x 21.8x 19.5x
P/Operating cash flow 5.9x 18.4x 19.5x
P/S 1.5x 4.5x 9.1x
P/B 1.8x 1.3x 6.5x
P/Tangible book 2.0x 1.9x 6.8x
EV/EBITDA 8.3x 15.3x 23.6x
EV/EBIT 18.3x 24.1x 27.3x
EV/Revenue 1.7x 5.5x 8.1x
EV/FCF 7.0x 27.0x 17.3x
EV/Operating cash flow 6.8x 22.7x 17.3x
PEG (3Y EPS CAGR) 4.05 – 2.27

Growth

14 metrics
MetricGDRXWAYDOCS
Revenue growth (1Y) -1.8% 19.2% 11.2%
Revenue CAGR (3Y) 1.8% – 14.5%
Gross profit growth (1Y) -4.8% 22.4% 8.6%
Gross profit CAGR (3Y) 1.7% – 14.6%
Operating income growth (1Y) -15.6% 31.1% -17.9%
Operating income CAGR (3Y) 68.6% – 13.4%
Net income growth (1Y) -53.0% 56.8% -29.0%
Net income CAGR (3Y) 11.3% – 12.0%
EPS growth (1Y) -51.8% 46.4% -25.2%
EPS CAGR (3Y) 17.9% – 16.0%
Operating cash flow growth (1Y) 5.8% -3.8% 4.2%
Operating cash flow CAGR (3Y) 16.4% – 16.8%
Free cash flow growth (1Y) 4.0% -11.6% 4.1%
Free cash flow CAGR (3Y) 15.9% – 17.0%

Profitability

14 metrics
MetricGDRXWAYDOCS
Gross margin 90.8% 69.1% 88.1%
EBITDA margin 21.1% 36.1% 34.1%
Operating margin 9.5% 22.9% 29.6%
Pretax margin 5.3% 16.2% 34.5%
Net margin 2.1% 11.2% 25.5%
FCF margin 25.1% 20.4% 46.7%
Operating cash flow margin 25.7% 24.3% 46.7%
Return on equity 2.6% 3.4% 17.9%
Return on assets 0.7% 2.3% 15.1%
Return on invested capital 2.6% 3.5% –
Return on capital employed 7.3% 4.9% 20.4%
Asset turnover 0.4x 0.2x 0.6x
Cash conversion (OCF / net income) 12.4x 2.2x 1.8x
Stock comp / revenue 8.8% 4.1% 20.8%

Financial Health

11 metrics
MetricGDRXWAYDOCS
Debt / assets 20.8% 25.0% –
Debt / equity 0.8x 0.4x –
Net debt / EBITDA 1.2x 2.9x –
Debt / FCF 2.5x 6.0x –
Liabilities / assets 72.4% 32.1% 15.5%
Equity / assets 27.6% 67.9% 84.5%
Interest coverage 1.8x 3.4x –
Current ratio 1.4x 1.8x 6.1x
Quick ratio 0.4x 1.6x 5.8x
Cash ratio 0.3x 0.8x 4.6x
Altman Z-score 0.25 2.11 23.26

Shareholder Returns

7 metrics
MetricGDRXWAYDOCS
Dividend yield – – –
Net buyback yield 7.1% -0.4% 6.5%
Shareholder yield 7.1% -0.4% 6.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusGDRXWAYDOCS
Forward P/E 12.0xFY2026 16.1xFY2026 23.2xFY2026
EPS, next fiscal year $0.29FY2026 $1.74FY2026 $1.43FY2026
EPS growth, next FY -17.1%FY2026 +22.5%FY2026 -5.9%FY2026
EPS growth, the year after +24.1% +10.3% +5.6%
Revenue, next fiscal year $758.59MFY2026 $1.21BFY2026 $653.93MFY2026
Revenue growth, next FY -4.8%FY2026 +10.0%FY2026 +1.4%FY2026
Revenue growth, the year after +4.8% +12.9% +14.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGDRXWAYDOCS
Held by institutions 34.9% 100.0% 100.0%
Institutions holding 162 302 358
Change in shares held, QoQ +1.0% +3.3% +1.7%
Institutions buying 68 187 171
Institutions selling 49 88 138
Buyers to sellers 1.39 2.13 1.24

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

GDRXWAYDOCS
GDRX 1.00 0.26 0.21
WAY 0.26 1.00 0.32
DOCS 0.21 0.32 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GDRX, WAY and DOCS?

Doximity (DOCS) is the largest by market capitalisation: GoodRx Holdings (GDRX) $1.18B, Waystar Holding (WAY) $5.51B, Doximity (DOCS) $6.22B.

Which stock is cheaper, GDRX, WAY and DOCS?

Doximity (DOCS) trades on the lowest price-to-earnings ratio (GoodRx Holdings (GDRX) 72.5x, Waystar Holding (WAY) 40.9x, Doximity (DOCS) 37.2x). On next year's consensus earnings, GoodRx Holdings (GDRX) is cheapest (GoodRx Holdings (GDRX) 12.0x, Waystar Holding (WAY) 16.1x, Doximity (DOCS) 23.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Waystar Holding (WAY) grew revenue fastest over the trailing twelve months: GoodRx Holdings (GDRX) -1.8%, Waystar Holding (WAY) +19.2%, Doximity (DOCS) +11.2%.

Which company is more profitable?

Doximity (DOCS) has the highest net margin (GoodRx Holdings (GDRX) 2.1%, Waystar Holding (WAY) 11.2%, Doximity (DOCS) 25.5%). On return on invested capital, Waystar Holding (WAY) leads (GoodRx Holdings (GDRX) 2.6%, Waystar Holding (WAY) 3.5%).

Which stock has performed better?

Over the past year GoodRx Holdings (GDRX) returned the most: GoodRx Holdings (GDRX) -7.7%, Waystar Holding (WAY) -28.8%, Doximity (DOCS) -51.5%. Over five years, Doximity (DOCS) compounded fastest (GoodRx Holdings (GDRX) -39.8%/yr, Doximity (DOCS) -13.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Waystar Holding (WAY) has been the steadiest (GoodRx Holdings (GDRX) 56.1%, Waystar Holding (WAY) 54.6%, Doximity (DOCS) 64.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GDRX, WAY and DOCS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Doximity (DOCS) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.