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Stock Comparison

WAY vs MTEX

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
WAY
Waystar Holding Corp.

Information Technology Services

TechnologyNASDAQ • US
Market Cap$3.60B
5Y Perf.-12.8%
MTEX
Mannatech, Incorporated

Household & Personal Products

Consumer DefensiveNASDAQ • US
Market Cap$11M
5Y Perf.-19.0%

WAY vs MTEX — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
WAY logoWAY
MTEX logoMTEX
IndustryInformation Technology ServicesHousehold & Personal Products
Market Cap$3.60B$11M
Revenue (TTM)$1.16B$106M
Net Income (TTM)$126M$-13M
Gross Margin65.2%75.3%
Operating Margin24.3%0.2%
Forward P/E11.4x
Total Debt$1.50B$7M
Cash & Equiv.$61M$6M

WAY vs MTEXLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

WAY
MTEX
StockJun 24Jun 26Return
Waystar Holding Cor… (WAY)10087.2-12.8%
Mannatech, Incorpor… (MTEX)10081.0-19.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: WAY vs MTEX

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: WAY leads in 3 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Mannatech, Incorporated is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
🥇WAY emerged as the overall leader. Track its performance:
WAY
Waystar Holding Corp.
The Growth Play

WAY carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.

  • Rev growth 16.5%, EPS growth 5.7%, 3Y rev CAGR 16.0%
  • -9.4% 10Y total return vs MTEX's -39.9%
  • 16.5% revenue growth vs MTEX's -8.3%
Best for: growth exposure and long-term compounding
MTEX
Mannatech, Incorporated
The Income Pick

MTEX is the clearest fit if your priority is income & stability and sleep-well-at-night.

  • Dividend streak 0 yrs, beta 0.44
  • Lower volatility, beta 0.44, current ratio 1.10x
  • Beta 0.44, current ratio 1.10x
Best for: income & stability and sleep-well-at-night
See the full category breakdown
CategoryWinnerWhy
GrowthWAY logoWAY16.5% revenue growth vs MTEX's -8.3%
Quality / MarginsWAY logoWAY10.9% margin vs MTEX's -12.0%
Stability / SafetyMTEX logoMTEXBeta 0.44 vs WAY's 0.84
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)MTEX logoMTEX-42.5% vs WAY's -52.6%
Efficiency (ROA)WAY logoWAY2.4% ROA vs MTEX's -40.2%

WAY vs MTEX — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

WAYWaystar Holding Corp.
FY 2025
Subscription and Circulation
100.0%$558M
MTEXMannatech, Incorporated
FY 2024
Consolidated product sales
95.3%$112M
Consolidated pack sales
3.5%$4M
Consolidated other, including freight
1.3%$2M

WAY vs MTEX — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLWAYLAGGINGMTEX

Income & Cash Flow (Last 12 Months)

WAY leads this category, winning 4 of 6 comparable metrics.

WAY is the larger business by revenue, generating $1.2B annually — 10.9x MTEX's $106M. WAY is the more profitable business, keeping 10.9% of every revenue dollar as net income compared to MTEX's -12.0%. On growth, WAY holds the edge at +22.4% YoY revenue growth, suggesting stronger near-term business momentum.

MetricWAY logoWAYWaystar Holding C…MTEX logoMTEXMannatech, Incorp…
RevenueTrailing 12 months$1.2B$106M
EBITDAEarnings before interest/tax$430M$2M
Net IncomeAfter-tax profit$126M-$13M
Free Cash FlowCash after capex$294M-$1M
Gross MarginGross profit ÷ Revenue+65.2%+75.3%
Operating MarginEBIT ÷ Revenue+24.3%+0.2%
Net MarginNet income ÷ Revenue+10.9%-12.0%
FCF MarginFCF ÷ Revenue+25.4%-1.4%
Rev. Growth (YoY)Latest quarter vs prior year+22.4%-6.2%
EPS Growth (YoY)Latest quarter vs prior year+37.5%+161.3%
WAY leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

MTEX leads this category, winning 3 of 3 comparable metrics.

On an enterprise value basis, MTEX's 7.2x EV/EBITDA is more attractive than WAY's 12.4x.

MetricWAY logoWAYWaystar Holding C…MTEX logoMTEXMannatech, Incorp…
Market CapShares × price$3.6B$11M
Enterprise ValueMkt cap + debt − cash$5.0B$12M
Trailing P/EPrice ÷ TTM EPS30.74x-0.69x
Forward P/EPrice ÷ next-FY EPS est.11.42x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple12.39x7.22x
Price / SalesMarket cap ÷ Revenue3.27x0.10x
Price / BookPrice ÷ Book value/share0.95x
Price / FCFMarket cap ÷ FCF12.70x
MTEX leads this category, winning 3 of 3 comparable metrics.

Profitability & Efficiency

WAY leads this category, winning 5 of 7 comparable metrics.

WAY delivers a 3.5% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-24 for MTEX. On the Piotroski fundamental quality scale (0–9), WAY scores 5/9 vs MTEX's 2/9, reflecting solid financial health.

MetricWAY logoWAYWaystar Holding C…MTEX logoMTEXMannatech, Incorp…
ROE (TTM)Return on equity+3.5%-23.8%
ROA (TTM)Return on assets+2.4%-40.2%
ROICReturn on invested capital+4.2%
ROCEReturn on capital employed+5.2%-3.2%
Piotroski ScoreFundamental quality 0–952
Debt / EquityFinancial leverage0.39x
Net DebtTotal debt minus cash$1.4B$1M
Cash & Equiv.Liquid assets$61M$6M
Total DebtShort + long-term debt$1.5B$7M
Interest CoverageEBIT ÷ Interest expense3.51x0.99x
WAY leads this category, winning 5 of 7 comparable metrics.

Total Returns (Dividends Reinvested)

WAY leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in WAY five years ago would be worth $9,058 today (with dividends reinvested), compared to $3,345 for MTEX. Over the past 12 months, MTEX leads with a -42.5% total return vs WAY's -52.6%. The 3-year compound annual growth rate (CAGR) favors WAY at -3.2% vs MTEX's -22.5% — a key indicator of consistent wealth creation.

MetricWAY logoWAYWaystar Holding C…MTEX logoMTEXMannatech, Incorp…
YTD ReturnYear-to-date-40.2%-34.1%
1-Year ReturnPast 12 months-52.6%-42.5%
3-Year ReturnCumulative with dividends-9.4%-53.5%
5-Year ReturnCumulative with dividends-9.4%-66.5%
10-Year ReturnCumulative with dividends-9.4%-39.9%
CAGR (3Y)Annualised 3-year return-3.2%-22.5%
WAY leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — WAY and MTEX each lead in 1 of 2 comparable metrics.

MTEX is the less volatile stock with a 0.44 beta — it tends to amplify market swings less than WAY's 0.84 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.

MetricWAY logoWAYWaystar Holding C…MTEX logoMTEXMannatech, Incorp…
Beta (5Y)Sensitivity to S&P 5000.84x0.44x
52-Week HighHighest price in past year$41.47$12.45
52-Week LowLowest price in past year$17.89$3.81
% of 52W HighCurrent price vs 52-week peak+45.2%+44.2%
RSI (14)Momentum oscillator 0–10040.352.3
Avg Volume (50D)Average daily shares traded2.4M23K
Evenly matched — WAY and MTEX each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.
MetricWAY logoWAYWaystar Holding C…MTEX logoMTEXMannatech, Incorp…
Analyst RatingConsensus buy/hold/sellBuy
Price TargetConsensus 12-month target$35.62
# AnalystsCovering analysts17
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises0
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

WAY leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MTEX leads in 1 (Valuation Metrics). 1 tied.

Best OverallWaystar Holding Corp. (WAY)Leads 3 of 6 categories
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WAY vs MTEX: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is WAY or MTEX a better buy right now?

For growth investors, Waystar Holding Corp.

(WAY) is the stronger pick with 16. 5% revenue growth year-over-year, versus -8. 3% for Mannatech, Incorporated (MTEX). Waystar Holding Corp. (WAY) offers the better valuation at 30. 7x trailing P/E (11. 4x forward), making it the more compelling value choice. Analysts rate Waystar Holding Corp. (WAY) a "Buy" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — WAY or MTEX?

Over the past 5 years, Waystar Holding Corp.

(WAY) delivered a total return of -9. 4%, compared to -66. 5% for Mannatech, Incorporated (MTEX). Over 10 years, the gap is even starker: WAY returned -9. 4% versus MTEX's -39. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — WAY or MTEX?

By beta (market sensitivity over 5 years), Mannatech, Incorporated (MTEX) is the lower-risk stock at 0.

44β versus Waystar Holding Corp. 's 0. 84β — meaning WAY is approximately 91% more volatile than MTEX relative to the S&P 500.

04

Which is growing faster — WAY or MTEX?

By revenue growth (latest reported year), Waystar Holding Corp.

(WAY) is pulling ahead at 16. 5% versus -8. 3% for Mannatech, Incorporated (MTEX). On earnings-per-share growth, the picture is similar: Waystar Holding Corp. grew EPS 569. 2% year-over-year, compared to -706. 1% for Mannatech, Incorporated. Over a 3-year CAGR, WAY leads at 16. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — WAY or MTEX?

Waystar Holding Corp.

(WAY) is the more profitable company, earning 10. 2% net margin versus -14. 1% for Mannatech, Incorporated — meaning it keeps 10. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WAY leads at 24. 2% versus -0. 4% for MTEX. At the gross margin level — before operating expenses — MTEX leads at 74. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Which pays a better dividend — WAY or MTEX?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

07

Is WAY or MTEX better for a retirement portfolio?

For long-horizon retirement investors, Mannatech, Incorporated (MTEX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

44)). Both have compounded well over 10 years (MTEX: -39. 9%, WAY: -9. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

08

What are the main differences between WAY and MTEX?

These companies operate in different sectors (WAY (Technology) and MTEX (Consumer Defensive)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: WAY is a small-cap high-growth stock; MTEX is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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