Waystar Holding (WAY) FCF Margin (2023 - 2026)
Waystar Holding (WAY) posted quarterly FCF Margin of 13.54% for Q2 2026, down 2008.0% year-over-year from 0.71% in Q2 2025, and down 38.91% quarter-over-quarter from 22.17% in Q1 2026.
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 13.54% for Q2 2026.
- In Q2 2026, FCF Margin fell 2008.0% year-over-year to 13.54%; the TTM figure through Jun 2026 stood at 20.42% (down 712.0% YoY), while the FY2025 annual figure was 25.76%, up 1066.0% from the prior year.
- FCF Margin for Q2 2026 stood at 13.54%, down from 22.17% in the prior quarter.
- The five-year high for FCF Margin was 33.62% in Q2 2025, with the low at 8.46% in Q3 2023.
- The 4-year median for FCF Margin is 20.51% (2025), against an average of 16.08%.
- The sharpest annual moves came in 2024 and 2026: FCF Margin soared 3770 bps in 2024, then slumped 2008 bps in 2026.
- Waystar Holding's FCF Margin stood at 2.74% in 2023, then soared by 775 bps to 23.98% in 2024, then slipped by 21 bps to 18.85% in 2025, then dropped by 28 bps to 13.54% in 2026.
- Business Quant data shows WAY's FCF Margin at 13.54% in Q2 2026, 22.17% in Q1 2026, and 18.85% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 127.46% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 0.38% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 23.01% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 10.19% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 46.84% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -27.00% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 13.54% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 25.33% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | - |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 0.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.54% |
| Mar 31, 2026 | 22.17% |
| Dec 31, 2025 | 18.85% |
| Sep 30, 2025 | 28.35% |
| Jun 30, 2025 | 33.62% |
| Mar 31, 2025 | 22.94% |
| Dec 31, 2024 | 23.98% |
| Sep 30, 2024 | 29.24% |
| Jun 30, 2024 | 3.66% |
| Mar 31, 2024 | 2.30% |
| Dec 31, 2023 | 2.74% |
| Sep 30, 2023 | -8.46% |