WAY (Waystar Holding) EBIT: $265 Mil (TTM As of Mar. 2026)


WAY Waystar Holding Corp WAY
16 GF Score
Price $19.00
! 2 Warning Signs
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What is Waystar Holding EBIT?

Waystar Holding WAY +3.15% 16 EBIT is $265 Mil as of Mar. 2026. GuruFocus rates WAY with a GF Score™ of 16/100. The stock has 2 warning signs investors should review.

Waystar Holding's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $265 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Waystar Holding's annualized ROC % for the quarter that ended in Mar. 2026 was 4.17%. Waystar Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 352.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Waystar Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.32%.

Waystar Holding  (NAS:WAY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Waystar Holding's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=321.86 * ( 1 - 27.64% )/( (5610.745 + 5563.117)/ 2 )
=232.897896/5586.931
=4.17 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5785.1 - 88.123 - ( 86.232 - max(0, 218.063 - 308.412+86.232))
=5610.745

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5838.993 - 116.946 - ( 158.93 - max(0, 219.96 - 386.612+158.93))
=5563.117

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Waystar Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=321.86/( ( (64.621 + max(17.903, 0)) + (72.732 + max(27.518, 0)) )/ 2 )
=321.86/( ( 82.524 + 100.25 )/ 2 )
=321.86/91.387
=352.19 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(177.037 + 0 + 38.706) - (88.123 + 67.855 + 41.862)
=17.903

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(172.532 + 0 + 55.15) - (116.946 + 64.68 + 18.538)
=27.518

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Waystar Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=264.561/4971.744
=5.32 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Waystar Holding EBIT Related Terms

Waystar Holding EBIT Historical Data

* Premium members only.

The historical data trend for Waystar Holding's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Waystar Holding EBIT Chart

Waystar Holding Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
60.32 89.45 142.08 123.73 249.31

Waystar Holding Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.21 64.85 60.23 59.02 80.47

WAY vs DOCS, TXG, HNGE: EBIT Comparison

For the Health Information Services subindustry, Waystar Holding's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Waystar Holding EV-to-EBIT vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Waystar Holding's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Waystar Holding's EV-to-EBIT falls into.


WAY
16GF Score
Waystar Holding Corp WAY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Waystar Holding EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $265 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $265 Mil mean?
Waystar Holding (WAY) has a EBIT of $265 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Waystar Holding.
Is Waystar Holding's EBIT too high?
Waystar Holding's current EBIT is $265 Mil. Overall, Waystar Holding has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Waystar Holding's EBIT compare to DOCS and TXG?
Waystar Holding's EBIT of $265 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Healthcare Providers & Services company?
A good EBIT depends on the Healthcare Providers & Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Waystar Holding. Waystar Holding's current EBIT is $265 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waystar Holding stock overvalued right now?
Waystar Holding (WAY) has a current EBIT of $265 Mil. The current EBIT is $265 Mil. Waystar Holding's overall GF Score™ is 16/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Waystar Holding (WAY), the current EBIT is $265 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Waystar Holding Business Description

Other Exchanges T8Z:Germany
Address 1550 Digital Drive, Suite 300, Lehi, UT, USA, 84043
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.
16GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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