Waystar Holding reported a gross margin of 69.44% and a net margin of 12.78% for the quarter ended Jun 2026. These financial ratios cover 13 quarters of results from Jun 2023 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||
| Gross Margin | 69.13% | 68.10% | 67.49% | 66.55% | 65.70% | 66.46% | 67.41% | 67.50% | 67.84% | 68.31% | 69.48% | 69.08% | 69.44% |
| EBT Margin | -7.12% | -10.24% | -7.34% | -9.78% | -18.03% | 3.62% | 13.54% | 18.06% | 17.21% | 15.90% | 11.91% | 19.06% | 17.64% |
| EBIT Margin | 18.98% | 16.33% | 18.23% | 15.65% | 3.52% | 11.31% | 21.77% | 25.43% | 23.96% | 22.42% | 19.44% | 25.64% | 23.79% |
| EBITDA Margin | 20.92% | 18.31% | 20.99% | 17.92% | 5.73% | 20.09% | 24.76% | 27.50% | 25.92% | 24.43% | 21.39% | 27.87% | 25.98% |
| Operating Margin | 18.98% | 16.33% | 18.23% | 15.65% | 3.52% | 11.31% | 21.77% | 25.43% | 23.96% | 22.42% | 19.44% | 25.64% | 23.79% |
| Net Margin | -5.52% | -7.85% | -6.97% | -7.09% | -11.80% | 2.25% | 7.82% | 11.41% | 11.89% | 11.40% | 6.59% | 13.79% | 12.78% |
| FCF Margin | -8.46% | 2.74% | 2.30% | 3.66% | 29.24% | 23.98% | 22.94% | 33.62% | 28.35% | 18.85% | 22.17% | 13.54% | |
| Efficiency | |||||||||||||
| Assets AverageAssets Avg. | 4,553.71M | 4,558.78M | 4,598.09M | 4,648.55M | 4,712.14M | 5,265.73M | 5,812.05M | 5,853.88M | |||||
| Invested CapitalInvested Cap. | 4,267.59M | 4,293.10M | 4,287.41M | 4,312.08M | 4,355.81M | 4,400.67M | 4,448.46M | 5,351.73M | 5,407.21M | 5,452.98M | |||
| Asset Utilization RatioAsset Util. | 0.20 | 0.21 | 0.21 | 0.22 | 0.22 | 0.21 | 0.20 | 0.21 | |||||
| Leverage & Solvency | |||||||||||||
| Interest Coverage RatioInterest Cover | -0.73 | -0.61 | 0.11 | -0.62 | 0.16 | 1.47 | 2.65 | 3.45 | 3.55 | 3.44 | 2.58 | 3.90 | 3.87 |
| Debt Ratio | 0.48 | 0.29 | 0.27 | 0.27 | 0.27 | 0.26 | 0.26 | 0.25 | 0.25 | 0.25 | |||
| Times Interest Earned | -0.73 | -0.61 | 0.11 | -0.62 | 0.16 | 1.47 | 2.65 | 3.45 | 3.55 | 3.44 | 2.58 | 3.90 | 3.87 |
| Valuation | |||||||||||||
| Price to EarningsP/E | -103.70 | 886.66 | 331.06 | 220.78 | 221.15 | 216.33 | 313.91 | 106.77 | 96.42 | ||||
| Price to SalesP/S | 12.24 | 19.99 | 25.88 | 25.20 | 26.30 | 24.65 | 20.67 | 14.72 | 12.33 | ||||
| Price to BookP/B | 0.97 | 1.57 | 2.05 | 2.07 | 2.24 | 2.06 | 1.62 | 1.17 | 0.99 | ||||
| Enterprise Value | 2,790.39M | 4,655.14M | 6,111.79M | 6,212.21M | 6,805.88M | 6,178.05M | 6,188.25M | 4,462.60M | 3,748.60M | ||||
| EV to EBIT | 338.43 | 171.49 | 115.01 | 95.27 | 104.95 | 102.57 | 104.85 | 55.46 | 49.30 | ||||
| EV to EBITDA | 207.54 | 96.49 | 101.12 | 88.11 | 97.02 | 94.13 | 95.32 | 51.02 | 45.14 | ||||
| Market Capitalization | 2,870.85M | 4,799.48M | 6,316.37M | 6,461.92M | 7,117.35M | 6,623.40M | 6,274.48M | 4,621.53M | 3,940.20M | ||||
| Price to FCFP/FCF | 334.52 | 68.37 | 107.89 | 109.85 | 78.22 | 86.97 | 109.65 | 66.41 | 91.00 | ||||
| EV to FCF | 325.14 | 66.31 | 104.39 | 105.61 | 74.80 | 81.13 | 108.14 | 64.13 | 86.58 | ||||
| EV to CFO | 180.61 | 59.06 | 94.36 | 96.69 | 70.34 | 75.31 | 92.87 | 52.55 | 63.10 | ||||
| Return Ratios | |||||||||||||
| Return on Sales [ROS]ROS | 18.98% | 16.33% | 18.23% | 15.65% | 3.52% | 11.31% | 21.77% | 25.43% | 23.96% | 22.42% | 19.44% | 25.64% | 23.79% |
| Return on Capital Employed [ROCE]ROCE | 2.45% | 2.80% | 3.45% | 4.68% | 5.34% | 4.94% | 4.73% | 4.91% | |||||
| Return on Invested Capital [ROIC]ROIC | 1.88% | 2.44% | 2.02% | 3.07% | 3.63% | 3.32% | 3.35% | 3.51% | |||||
| Return on Assets [ROA]ROA | -1.16% | -0.42% | 0.57% | 1.85% | 2.36% | 2.13% | 2.17% | 2.30% |