Switch theme
Sign up to access all valuation multiples
Waystar Holding Corp is a provider of mission-critical cloud technology to healthcare organizations. its enterprise-grade platform transforms the complex and disparate processes comprising healthcare payments received by healthcare providers from payers and patients, from pre-service engagement through post-service remittance and reconciliation. its platform enhances data integrity, eliminates manual tasks, and improves claim and billing accuracy, which results in transparency, reduced labor costs, and faster, more accurate reimbursement and cash flow. The market for solutions extends throughout the United States and includes Puerto Rico and other USA Territories.
2019
1.5K+
LTM Revenue $974M
LTM EBITDA $395M
$7.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Waystar has a last 12-month revenue (LTM) of $974M and a last 12-month EBITDA of $395M.
In the most recent fiscal year, Waystar achieved revenue of $944M and an EBITDA of $310M.
Waystar expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Waystar valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $974M | XXX | $944M | XXX | XXX | XXX |
| Gross Profit | $650M | XXX | $628M | XXX | XXX | XXX |
| Gross Margin | 67% | XXX | 67% | XXX | XXX | XXX |
| EBITDA | $395M | XXX | $310M | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 33% | XXX | XXX | XXX |
| EBIT | $302M | XXX | $124M | XXX | XXX | XXX |
| EBIT Margin | 31% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $200M | XXX | -$19.1M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | -2% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $1.1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Waystar's stock price is $40.
Waystar has current market cap of $6.9B, and EV of $7.9B.
See Waystar trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7.9B | $6.9B | XXX | XXX | XXX | XXX | $1.19 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of May 30, 2025, Waystar has market cap of $6.9B and EV of $7.9B.
Waystar's trades at 8.4x EV/Revenue multiple, and 25.5x EV/EBITDA.
Equity research analysts estimate Waystar's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Waystar has a P/E ratio of 34.6x.
See valuation multiples for Waystar and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6.9B | XXX | $6.9B | XXX | XXX | XXX |
| EV (current) | $7.9B | XXX | $7.9B | XXX | XXX | XXX |
| EV/Revenue | 8.1x | XXX | 8.4x | XXX | XXX | XXX |
| EV/EBITDA | 20.1x | XXX | 25.5x | XXX | XXX | XXX |
| EV/EBIT | 26.3x | XXX | 64.1x | XXX | XXX | XXX |
| EV/Gross Profit | 12.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 34.6x | XXX | -361.7x | XXX | XXX | XXX |
| EV/FCF | 41.0x | XXX | 55.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialWaystar's last 12 month revenue growth is 9%
Waystar's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.3M for the same period.
Waystar's rule of 40 is 49% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Waystar's rule of X is 62% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Waystar and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | 49% | XXX | 41% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 62% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 17% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 53% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Craneware | XXX | XXX | XXX | XXX | XXX | XXX |
| CareCloud | XXX | XXX | XXX | XXX | XXX | XXX |
| TruBridge | XXX | XXX | XXX | XXX | XXX | XXX |
| Claritev | XXX | XXX | XXX | XXX | XXX | XXX |
| MultiPlan | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Waystar acquired XXX companies to date.
Last acquisition by Waystar was XXXXXXXX, XXXXX XXXXX XXXXXX . Waystar acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Waystar founded? | Waystar was founded in 2019. |
| Where is Waystar headquartered? | Waystar is headquartered in United States of America. |
| How many employees does Waystar have? | As of today, Waystar has 1.5K+ employees. |
| Who is the CEO of Waystar? | Waystar's CEO is Mr. Matthew J. Hawkins. |
| Is Waystar publicy listed? | Yes, Waystar is a public company listed on NAS. |
| What is the stock symbol of Waystar? | Waystar trades under WAY ticker. |
| When did Waystar go public? | Waystar went public in 2024. |
| Who are competitors of Waystar? | Similar companies to Waystar include e.g. Craneware, CareCloud, TruBridge, Claritev. |
| What is the current market cap of Waystar? | Waystar's current market cap is $6.9B |
| What is the current revenue of Waystar? | Waystar's last 12 months revenue is $974M. |
| What is the current revenue growth of Waystar? | Waystar revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Waystar? | Current revenue multiple of Waystar is 8.1x. |
| Is Waystar profitable? | Yes, Waystar is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Waystar? | Waystar's last 12 months EBITDA is $395M. |
| What is Waystar's EBITDA margin? | Waystar's last 12 months EBITDA margin is 41%. |
| What is the current EV/EBITDA multiple of Waystar? | Current EBITDA multiple of Waystar is 20.1x. |
| What is the current FCF of Waystar? | Waystar's last 12 months FCF is $193M. |
| What is Waystar's FCF margin? | Waystar's last 12 months FCF margin is 20%. |
| What is the current EV/FCF multiple of Waystar? | Current FCF multiple of Waystar is 41.0x. |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
