Waystar Holding (WAY) FCF Margin (2023 - 2026)
Waystar Holding's quarterly FCF Margin came in at 22.17% in Q1 2026, down 77.0% year-on-year from 96.39% in Q1 2025, and up 0.6% quarter-over-quarter from 22.04% in Q4 2025.
Waystar Holding has reported FCF Margin for 4 years, with the latest figure at 22.17% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 77.0% year-over-year to 22.17%; the trailing twelve-month figure through Mar 2026 stood at 27.68% (up 480.0% YoY), and the FY2025 full-year result was 28.15%, up 1018.0% from the prior year.
- FCF Margin for Q1 2026 stood at 22.17%, up from 22.04% in the prior quarter.
- The five-year high for FCF Margin was 34.5% in Q3 2025, with the low at 8.46% in Q3 2023.
- Average FCF Margin over 4 years is 18.19%, with a median of 22.17% recorded in 2026.
- Year-over-year, FCF Margin jumped 4119 bps in 2024 and tumbled 462 bps in 2025.
- Tracing WAY's FCF Margin over 4 years: stood at 2.74% in 2023, then surged by 873 bps to 26.66% in 2024, then fell by 17 bps to 22.04% in 2025, then rose 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 11.94% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 3.30% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 23.01% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 23.62% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 73.79% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 22.17% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 17.24% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | -8.19% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 13.57% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 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% |