Waystar Holding (WAY) FCF Margin (2023 - 2026)
Waystar Holding (WAY) posted FCF Margin of 13.54% for Q2 2026, down 38.91% on a QoQ basis from 22.17% in Q1 2026, and down 2008.0% year-over-year from 0.71% in Q2 2025.
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Waystar Holding (WAY) FCF Margin (2023 - 2026) Analysis & Trends
Waystar Holding has reported FCF Margin for 4 years, with the latest figure at 13.54% in Q2 2026.
- On a quarterly basis, FCF Margin fell 2008.0% year-over-year to 13.54% in Q2 2026; TTM through Jun 2026 was 20.42%, a 712.0% decrease from a year earlier, with the FY2025 full-year figure at 25.76%, up 1066.0% from the prior year.
- FCF Margin was 13.54% for Q2 2026 at Waystar Holding, 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.
- Average FCF Margin over 4 years is 16.08%, with a median of 20.51% recorded in 2025.
- The sharpest annual moves came in 2024 and 2026: FCF Margin surged 3770 bps in 2024, then slumped 2008 bps in 2026.
- Over 4 years, FCF Margin stood at 2.74% in 2023, then surged by 775 bps to 23.98% in 2024, then declined by 21 bps to 18.85% in 2025, then fell by 28 bps to 13.54% in 2026.
- The last three FCF Margin figures came in at 13.54% (Q2 2026), 22.17% (Q1 2026), and 18.85% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 24.86% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 13.54% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 25.33% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 28.83% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 13.26% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | -58.47% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 3.18% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 33.32% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 7.05% |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 11.06% |
Historic Data
Download Data
Historic 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% |