Waystar Holding (WAY) FCF Margin (2023 - 2026)
Waystar Holding (WAY) recorded quarterly FCF Margin of 22.17% in Q1 2026, up 0.6% quarter-over-quarter from 22.04% in Q4 2025, and down 77.0% on a YoY basis from 96.39% in Q1 2025.
Waystar Holding (WAY) FCF Margin (2023 - 2026) Analysis & Trends
Waystar Holding's FCF Margin history runs 4 years deep, the most recent figure standing at 22.17% for Q1 2026.
- In Q1 2026, FCF Margin fell 77.0% year-over-year to 22.17%; the TTM figure through Mar 2026 stood at 27.68% (up 480.0% YoY), while the FY2025 annual figure was 28.15%, up 1018.0% from the prior year.
- FCF Margin was 22.17% for Q1 2026 at Waystar Holding, up from 22.04% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 34.5% in Q3 2025 to a low of 8.46% in Q3 2023.
- Historically, FCF Margin has averaged 18.19% across 4 years, with a median of 22.17% in 2026.
- The sharpest annual moves came in 2024 and 2025: FCF Margin surged 4119 bps in 2024, then tumbled 462 bps in 2025.
- A 4-year view of FCF Margin shows it stood at 2.74% in 2023, then jumped by 873 bps to 26.66% in 2024, then declined by 17 bps to 22.04% in 2025, then increased by 1 bps to 22.17% in 2026.
- The last three FCF Margin figures came in at 22.17% (Q1 2026), 22.04% (Q4 2025), and 34.5% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 127.46% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 3.30% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 23.01% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 23.62% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 17.24% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 73.79% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 22.17% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | -8.19% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 13.57% |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | -4.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.17% |
| Dec 31, 2025 | 22.04% |
| Sep 30, 2025 | 34.50% |
| Jun 30, 2025 | 33.62% |
| Mar 31, 2025 | 22.94% |
| Dec 31, 2024 | 26.66% |
| Sep 30, 2024 | 32.73% |
| Jun 30, 2024 | 8.80% |
| Mar 31, 2024 | 2.30% |
| Dec 31, 2023 | 2.74% |
| Sep 30, 2023 | -8.46% |