Free Trial

Waystar (WAY) Competitors

Waystar logo
$24.81 -0.54 (-2.13%)
Closing price 10/2/2026 04:00 PM Eastern
Extended Trading
$24.80 0.00 (-0.02%)
As of 10/2/2026 07:36 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

WAY vs. DOCS, HTFL, SDGR, CERT, and GDRX

Should you buy Waystar stock or one of its competitors? Waystar's main competitors and comparable companies include Doximity (DOCS), Heartflow (HTFL), Schrodinger (SDGR), Certara (CERT), and GoodRx (GDRX). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "healthcare technology" industry.

How does Waystar compare to Doximity?

Waystar (NASDAQ:WAY) and Doximity (NYSE:DOCS) are both mid-cap healthcare companies, but which is the superior stock? We will compare the two companies based on the strength of their media sentiment, risk, institutional ownership, valuation, profitability, dividends, earnings and analyst recommendations.

Doximity has lower revenue, but higher earnings than Waystar. Doximity is trading at a lower price-to-earnings ratio than Waystar, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Waystar$1.10B4.33$112.09M$0.7035.44
Doximity$644.86M7.73$196.05M$0.8532.89

Waystar has a beta of 0.18, meaning that its stock price is 82% less volatile than the broader market. Comparatively, Doximity has a beta of 1.22, meaning that its stock price is 22% more volatile than the broader market.

In the previous week, Doximity had 28 more articles in the media than Waystar. MarketBeat recorded 30 mentions for Doximity and 2 mentions for Waystar. Waystar's average media sentiment score of 1.22 beat Doximity's score of 0.12 indicating that Waystar is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Waystar
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Doximity
1 Very Positive mention(s)
4 Positive mention(s)
23 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Doximity has a net margin of 25.48% compared to Waystar's net margin of 11.18%. Doximity's return on equity of 18.06% beat Waystar's return on equity.

Company Net Margins Return on Equity Return on Assets
Waystar11.18% 7.03% 4.75%
Doximity 25.48%18.06%15.40%

Waystar currently has a consensus target price of $34.67, indicating a potential upside of 39.73%. Doximity has a consensus target price of $31.95, indicating a potential upside of 14.31%. Given Waystar's stronger consensus rating and higher probable upside, equities analysts clearly believe Waystar is more favorable than Doximity.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Waystar
0 Sell rating(s)
4 Hold rating(s)
18 Buy rating(s)
2 Strong Buy rating(s)
2.92
Doximity
3 Sell rating(s)
14 Hold rating(s)
7 Buy rating(s)
1 Strong Buy rating(s)
2.24

87.2% of Doximity shares are owned by institutional investors. 3.5% of Waystar shares are owned by company insiders. Comparatively, 31.8% of Doximity shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Summary

Doximity beats Waystar on 10 of the 17 factors compared between the two stocks.

How does Waystar compare to Heartflow?

Waystar (NASDAQ:WAY) and Heartflow (NASDAQ:HTFL) are both mid-cap healthcare companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, earnings, media sentiment, valuation, risk and dividends.

Waystar has a net margin of 11.18% compared to Heartflow's net margin of -55.82%. Waystar's return on equity of 7.03% beat Heartflow's return on equity.

Company Net Margins Return on Equity Return on Assets
Waystar11.18% 7.03% 4.75%
Heartflow -55.82%-23.52%-18.66%

Waystar presently has a consensus price target of $34.67, suggesting a potential upside of 39.73%. Heartflow has a consensus price target of $46.25, suggesting a potential downside of 6.22%. Given Waystar's stronger consensus rating and higher probable upside, equities research analysts clearly believe Waystar is more favorable than Heartflow.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Waystar
0 Sell rating(s)
4 Hold rating(s)
18 Buy rating(s)
2 Strong Buy rating(s)
2.92
Heartflow
1 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.75

Waystar has higher revenue and earnings than Heartflow. Heartflow is trading at a lower price-to-earnings ratio than Waystar, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Waystar$1.10B4.33$112.09M$0.7035.44
Heartflow$176.03M24.36-$116.79M-$1.83N/A

Waystar has a beta of 0.18, indicating that its stock price is 82% less volatile than the broader market. Comparatively, Heartflow has a beta of 2.73, indicating that its stock price is 173% more volatile than the broader market.

In the previous week, Heartflow had 1 more articles in the media than Waystar. MarketBeat recorded 3 mentions for Heartflow and 2 mentions for Waystar. Waystar's average media sentiment score of 1.22 beat Heartflow's score of -0.03 indicating that Waystar is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Waystar
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Heartflow
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Waystar beats Heartflow on 12 of the 15 factors compared between the two stocks.

How does Waystar compare to Schrodinger?

Waystar (NASDAQ:WAY) and Schrodinger (NASDAQ:SDGR) are both mid-cap healthcare companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, valuation, institutional ownership, media sentiment, risk, profitability, dividends and earnings.

Waystar has a beta of 0.18, suggesting that its share price is 82% less volatile than the broader market. Comparatively, Schrodinger has a beta of 1.62, suggesting that its share price is 62% more volatile than the broader market.

Waystar presently has a consensus price target of $34.67, indicating a potential upside of 39.73%. Schrodinger has a consensus price target of $20.80, indicating a potential downside of 31.38%. Given Waystar's stronger consensus rating and higher possible upside, research analysts plainly believe Waystar is more favorable than Schrodinger.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Waystar
0 Sell rating(s)
4 Hold rating(s)
18 Buy rating(s)
2 Strong Buy rating(s)
2.92
Schrodinger
1 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.33

In the previous week, Schrodinger had 2 more articles in the media than Waystar. MarketBeat recorded 4 mentions for Schrodinger and 2 mentions for Waystar. Waystar's average media sentiment score of 1.22 beat Schrodinger's score of 0.86 indicating that Waystar is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Waystar
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Schrodinger
2 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Waystar has higher revenue and earnings than Schrodinger. Schrodinger is trading at a lower price-to-earnings ratio than Waystar, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Waystar$1.10B4.33$112.09M$0.7035.44
Schrodinger$255.87M8.74-$103.26M-$0.74N/A

79.1% of Schrodinger shares are owned by institutional investors. 3.5% of Waystar shares are owned by insiders. Comparatively, 10.1% of Schrodinger shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Waystar has a net margin of 11.18% compared to Schrodinger's net margin of -20.98%. Waystar's return on equity of 7.03% beat Schrodinger's return on equity.

Company Net Margins Return on Equity Return on Assets
Waystar11.18% 7.03% 4.75%
Schrodinger -20.98%-16.37%-8.19%

Summary

Waystar beats Schrodinger on 12 of the 17 factors compared between the two stocks.

How does Waystar compare to Certara?

Waystar (NASDAQ:WAY) and Certara (NASDAQ:CERT) are both healthcare companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, profitability, analyst recommendations, media sentiment, earnings, risk, valuation and dividends.

Waystar has a beta of 0.18, indicating that its share price is 82% less volatile than the broader market. Comparatively, Certara has a beta of 1.42, indicating that its share price is 42% more volatile than the broader market.

74.0% of Certara shares are held by institutional investors. 3.5% of Waystar shares are held by insiders. Comparatively, 1.1% of Certara shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Waystar has higher revenue and earnings than Certara. Certara is trading at a lower price-to-earnings ratio than Waystar, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Waystar$1.10B4.33$112.09M$0.7035.44
Certara$418.84M3.41-$1.60M-$0.45N/A

In the previous week, Certara had 3 more articles in the media than Waystar. MarketBeat recorded 5 mentions for Certara and 2 mentions for Waystar. Waystar's average media sentiment score of 1.22 beat Certara's score of 0.63 indicating that Waystar is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Waystar
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Certara
0 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Waystar presently has a consensus target price of $34.67, suggesting a potential upside of 39.73%. Certara has a consensus target price of $8.45, suggesting a potential downside of 9.72%. Given Waystar's stronger consensus rating and higher probable upside, analysts plainly believe Waystar is more favorable than Certara.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Waystar
0 Sell rating(s)
4 Hold rating(s)
18 Buy rating(s)
2 Strong Buy rating(s)
2.92
Certara
1 Sell rating(s)
6 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.42

Waystar has a net margin of 11.18% compared to Certara's net margin of -16.75%. Waystar's return on equity of 7.03% beat Certara's return on equity.

Company Net Margins Return on Equity Return on Assets
Waystar11.18% 7.03% 4.75%
Certara -16.75%3.86%2.65%

Summary

Waystar beats Certara on 14 of the 17 factors compared between the two stocks.

How does Waystar compare to GoodRx?

Waystar (NASDAQ:WAY) and GoodRx (NASDAQ:GDRX) are both healthcare companies, but which is the superior stock? We will contrast the two companies based on the strength of their media sentiment, risk, analyst recommendations, dividends, institutional ownership, valuation, earnings and profitability.

Waystar has a beta of 0.18, suggesting that its share price is 82% less volatile than the broader market. Comparatively, GoodRx has a beta of 1.69, suggesting that its share price is 69% more volatile than the broader market.

In the previous week, GoodRx had 1 more articles in the media than Waystar. MarketBeat recorded 3 mentions for GoodRx and 2 mentions for Waystar. Waystar's average media sentiment score of 1.22 beat GoodRx's score of 0.51 indicating that Waystar is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Waystar
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
GoodRx
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Waystar has higher revenue and earnings than GoodRx. Waystar is trading at a lower price-to-earnings ratio than GoodRx, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Waystar$1.10B4.33$112.09M$0.7035.44
GoodRx$796.85M1.41$30.44M$0.0482.00

Waystar has a net margin of 11.18% compared to GoodRx's net margin of 2.07%. GoodRx's return on equity of 7.22% beat Waystar's return on equity.

Company Net Margins Return on Equity Return on Assets
Waystar11.18% 7.03% 4.75%
GoodRx 2.07%7.22%2.53%

Waystar presently has a consensus target price of $34.67, suggesting a potential upside of 39.73%. GoodRx has a consensus target price of $4.23, suggesting a potential upside of 28.88%. Given Waystar's stronger consensus rating and higher probable upside, equities analysts clearly believe Waystar is more favorable than GoodRx.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Waystar
0 Sell rating(s)
4 Hold rating(s)
18 Buy rating(s)
2 Strong Buy rating(s)
2.92
GoodRx
3 Sell rating(s)
6 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.08

63.8% of GoodRx shares are held by institutional investors. 3.5% of Waystar shares are held by company insiders. Comparatively, 5.9% of GoodRx shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Summary

Waystar beats GoodRx on 11 of the 17 factors compared between the two stocks.

Get Waystar News Delivered to You Automatically

Sign up to receive the latest news and ratings for WAY and its competitors with MarketBeat's FREE daily newsletter.

Subscribe Now
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding WAY and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip Chart

Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Skip Chart

WAY vs. The Competition

MetricWaystarHealthcare Technology IndustryHealthcare SectorNASDAQ Exchange
Market Cap$4.76B$1.74B$7.15B$13.28B
Dividend YieldN/A3.97%2.54%17.33%
P/E Ratio35.4420.33274.7126.04
Price / Sales4.3387.61656.46105.13
Price / Cash12.7331.8178.8752.62
Price / Book1.226.1610.936.31
Net Income$112.09M-$18.66M$3.51B$362.16M
7 Day Performance0.45%-2.24%-2.00%-1.66%
1 Month Performance-1.04%-1.21%-6.19%-4.68%
1 Year Performance-35.79%-21.68%8.03%1.57%

Waystar Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
WAY
Waystar
4.3616 of 5 stars
$24.81
-2.1%
$34.67
+39.7%
-35.8%$4.76B$1.10B35.441,700
DOCS
Doximity
4.0337 of 5 stars
$26.46
-1.4%
$32.18
+21.6%
N/A$4.72B$655.57M31.13880
HTFL
Heartflow
1.6615 of 5 stars
$50.17
-0.3%
$46.25
-7.8%
+31.0%$4.36B$176.03MN/A843
SDGR
Schrodinger
1.3476 of 5 stars
$30.70
+1.5%
$20.50
-33.2%
+47.2%$2.27B$255.87MN/A850
CERT
Certara
1.6005 of 5 stars
$8.83
+3.6%
$8.28
-6.3%
-28.4%$1.35B$418.84MN/A1,576

Related Companies and Tools


This page (NASDAQ:WAY) was last updated on 10/4/2026 by MarketBeat.com Staff.
From Our Partners