Waystar Holding Corp. (WAY) intrinsic value & 10-year financials
Waystar Holding Corp. (WAY) has a Graham intrinsic value of $20.26 per share. At $27.36 on Oct 17, 2026, the stock trades 35% above that value. Over the last 5 fiscal years revenue grew 16.0% a year to $1.1B, with an average return on invested capital of 3.0%.
- Graham intrinsic value
- $20.26
- Share price (Oct 17, 2026)
- $27.36
- Price vs Graham value
- 35% above
- Market cap
- $5.1B
- Revenue (FY2025)
- $1.1B
- Revenue growth (5-yr CAGR)
- 16.0%
- ROIC (10-yr avg)
- 3.0%
- Free cash flow (FY2025)
- $283.2M
WAY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.1B | $112.1M | $0.61 | $283.2M | 22.7% | 3.4% |
| FY2024 | $943.5M | -$19.1M | -$0.13 | $142.5M | 13.1% | 2.5% |
| FY2023 | $791.0M | -$51.3M | -$0.42 | $29.9M | 18.0% | 2.7% |
| FY2022 | $704.9M | -$51.5M | -$0.42 | $85.2M | 12.7% | 3.3% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Waystar Holding Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Waystar Holding Corp. has historically struggled to out-earn its cost of capital, averaging just 3.0% ROIC.
Waystar Holding Corp. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Waystar Holding Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $20.26 per share.