Go Pro

Waystar (WAY) Competitors

Waystar logo
$23.47 0.00 (0.00%)
Closing price 09/11/2026 04:00 PM Eastern
Extended Trading
$23.65 +0.18 (+0.77%)
As of 08:18 AM 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?

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

Doximity has a beta of 1.25, meaning that its stock price is 25% more volatile than the broader market. Comparatively, Waystar has a beta of 0.16, meaning that its stock price is 84% less volatile than the broader market.

In the previous week, Doximity had 3 more articles in the media than Waystar. MarketBeat recorded 10 mentions for Doximity and 7 mentions for Waystar. Waystar's average media sentiment score of 1.45 beat Doximity's score of 0.93 indicating that Waystar is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Doximity
7 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Waystar
5 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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
Doximity25.48% 18.06% 15.40%
Waystar 11.18%7.03%4.75%

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

Doximity currently has a consensus target price of $32.18, suggesting a potential upside of 25.41%. Waystar has a consensus target price of $35.14, suggesting a potential upside of 49.71%. Given Waystar's stronger consensus rating and higher possible upside, analysts plainly believe Waystar is more favorable than Doximity.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Doximity
4 Sell rating(s)
13 Hold rating(s)
7 Buy rating(s)
2 Strong Buy rating(s)
2.27
Waystar
0 Sell rating(s)
3 Hold rating(s)
20 Buy rating(s)
2 Strong Buy rating(s)
2.96

Doximity has higher earnings, but lower revenue 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
Doximity$644.86M7.09$196.05M$0.8530.19
Waystar$1.10B4.09$112.09M$0.7033.53

Summary

Doximity beats Waystar on 10 of the 16 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 business? We will contrast the two businesses based on the strength of their media sentiment, institutional ownership, risk, analyst recommendations, dividends, valuation, earnings and profitability.

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 target price of $35.14, suggesting a potential upside of 49.71%. Heartflow has a consensus target price of $44.88, suggesting a potential downside of 10.03%. Given Waystar's stronger consensus rating and higher possible upside, 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)
3 Hold rating(s)
20 Buy rating(s)
2 Strong Buy rating(s)
2.96
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$1.10B4.09$112.09M$0.7033.53
Heartflow$176.03M24.64-$116.79M-$1.83N/A

In the previous week, Heartflow had 7 more articles in the media than Waystar. MarketBeat recorded 14 mentions for Heartflow and 7 mentions for Waystar. Waystar's average media sentiment score of 1.45 beat Heartflow's score of 0.69 indicating that Waystar is being referred to more favorably in the media.

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

Summary

Waystar beats Heartflow on 12 of the 14 factors compared between the two stocks.

How does Waystar compare to Schrodinger?

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

Schrodinger presently has a consensus price target of $20.50, indicating a potential upside of 7.78%. Waystar has a consensus price target of $35.14, indicating a potential upside of 49.71%. Given Waystar's stronger consensus rating and higher possible upside, analysts plainly believe Waystar is more favorable than Schrodinger.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Schrodinger
1 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.29
Waystar
0 Sell rating(s)
3 Hold rating(s)
20 Buy rating(s)
2 Strong Buy rating(s)
2.96

In the previous week, Waystar had 2 more articles in the media than Schrodinger. MarketBeat recorded 7 mentions for Waystar and 5 mentions for Schrodinger. Waystar's average media sentiment score of 1.45 beat Schrodinger's score of 1.08 indicating that Waystar is being referred to more favorably in the news media.

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

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
Schrodinger-20.98% -16.37% -8.19%
Waystar 11.18%7.03%4.75%

79.1% of Schrodinger shares are owned by institutional investors. 10.1% of Schrodinger shares are owned by insiders. Comparatively, 3.5% of Waystar shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

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
Schrodinger$255.87M5.49-$103.26M-$0.74N/A
Waystar$1.10B4.09$112.09M$0.7033.53

Schrodinger has a beta of 1.69, suggesting that its share price is 69% more volatile than the broader market. Comparatively, Waystar has a beta of 0.16, suggesting that its share price is 84% less volatile than the broader market.

Summary

Waystar beats Schrodinger on 13 of the 17 factors compared between the two stocks.

How does Waystar compare to Certara?

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

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
Certara$418.84M2.75-$1.60M-$0.45N/A
Waystar$1.10B4.09$112.09M$0.7033.53

In the previous week, Waystar had 6 more articles in the media than Certara. MarketBeat recorded 7 mentions for Waystar and 1 mentions for Certara. Certara's average media sentiment score of 1.85 beat Waystar's score of 1.45 indicating that Certara is being referred to more favorably in the media.

Company Overall Sentiment
Certara Very Positive
Waystar Positive

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
Certara-16.75% 3.86% 2.65%
Waystar 11.18%7.03%4.75%

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

Certara currently has a consensus target price of $8.28, suggesting a potential upside of 9.64%. Waystar has a consensus target price of $35.14, suggesting a potential upside of 49.71%. Given Waystar's stronger consensus rating and higher possible upside, analysts plainly believe Waystar is more favorable than Certara.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Certara
1 Sell rating(s)
5 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.45
Waystar
0 Sell rating(s)
3 Hold rating(s)
20 Buy rating(s)
2 Strong Buy rating(s)
2.96

Certara has a beta of 1.4, meaning that its stock price is 40% more volatile than the broader market. Comparatively, Waystar has a beta of 0.16, meaning that its stock price is 84% less volatile than the broader market.

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 business? We will contrast the two businesses based on the strength of their earnings, risk, valuation, dividends, institutional ownership, profitability, analyst recommendations and media sentiment.

Waystar currently has a consensus price target of $35.14, suggesting a potential upside of 49.71%. GoodRx has a consensus price target of $4.23, suggesting a potential upside of 24.70%. Given Waystar's stronger consensus rating and higher probable upside, 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)
3 Hold rating(s)
20 Buy rating(s)
2 Strong Buy rating(s)
2.96
GoodRx
3 Sell rating(s)
6 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.08

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 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$1.10B4.09$112.09M$0.7033.53
GoodRx$796.85M1.46$30.44M$0.0484.75

In the previous week, Waystar had 4 more articles in the media than GoodRx. MarketBeat recorded 7 mentions for Waystar and 3 mentions for GoodRx. Waystar's average media sentiment score of 1.45 beat GoodRx's score of 1.08 indicating that Waystar is being referred to more favorably in the media.

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

Waystar has a beta of 0.16, meaning that its share price is 84% less volatile than the broader market. Comparatively, GoodRx has a beta of 1.59, meaning that its share price is 59% more volatile than the broader market.

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 endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Summary

Waystar beats GoodRx on 12 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$4.50B$1.70B$7.15B$12.84B
Dividend YieldN/A4.70%2.57%11.71%
P/E Ratio33.5320.43275.2425.35
Price / Sales4.0988.98647.3290.72
Price / Cash12.0431.5728.4234.96
Price / Book1.165.9710.336.21
Net Income$112.09M-$18.66M$3.50B$358.54M
7 Day Performance-6.38%-1.28%-3.32%-2.39%
1 Month Performance-5.29%1.31%-0.87%-3.39%
1 Year Performance-37.18%-14.56%23.52%8.81%

Waystar Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
WAY
Waystar
4.7042 of 5 stars
$23.47
flat
$35.14
+49.7%
-37.2%$4.50B$1.10B33.531,700
DOCS
Doximity
4.6233 of 5 stars
$26.28
-1.6%
$32.43
+23.4%
N/A$4.68B$655.57M30.92890
HTFL
Heartflow
2.046 of 5 stars
$50.43
+0.1%
$43.43
-13.9%
+49.4%$4.38B$176.03MN/A699
SDGR
Schrodinger
1.4561 of 5 stars
$20.84
+6.9%
$20.50
-1.6%
+2.4%$1.54B$255.87MN/A790
CERT
Certara
1.8019 of 5 stars
$8.10
-2.3%
$8.28
+2.2%
-33.1%$1.24B$418.84MN/A1,576

Related Companies and Tools


This page (NASDAQ:WAY) was last updated on 9/14/2026 by MarketBeat.com Staff.
From Our Partners