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Stock Comparison

WAY vs HIMS

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%
HIMS
Hims & Hers Health, Inc.

Medical - Equipment & Services

HealthcareNYSE • US
Market Cap$5.89B
5Y Perf.+32.8%

WAY vs HIMS — Key Financials

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

Company Snapshot
WAY logoWAY
HIMS logoHIMS
IndustryInformation Technology ServicesMedical - Equipment & Services
Market Cap$3.60B$5.89B
Revenue (TTM)$1.16B$2.37B
Net Income (TTM)$126M$-13M
Gross Margin65.2%67.6%
Operating Margin24.3%1.3%
Forward P/E11.4x52.6x
Total Debt$1.50B$1.26B
Cash & Equiv.$61M$229M

WAY vs HIMSLong-Term Stock Performance

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

WAY
HIMS
StockJun 24Jun 26Return
Waystar Holding Cor… (WAY)10087.2-12.8%
Hims & Hers Health,… (HIMS)100132.8+32.8%

Price return only. Dividends and distributions are not included.

Quick Verdict: WAY vs HIMS

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

Bottom line: WAY leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Hims & Hers Health, Inc. is the stronger pick specifically for growth and revenue expansion. 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 Income Pick

WAY carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.

  • beta 0.84
  • Lower volatility, beta 0.84, Low D/E 38.7%, current ratio 1.41x
  • Beta 0.84, current ratio 1.41x
Best for: income & stability and sleep-well-at-night
HIMS
Hims & Hers Health, Inc.
The Growth Play

HIMS is the clearest fit if your priority is growth exposure and long-term compounding.

  • Rev growth 59.0%, EPS growth -3.8%, 3Y rev CAGR 64.5%
  • 173.7% 10Y total return vs WAY's -9.4%
  • 59.0% revenue growth vs WAY's 16.5%
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthHIMS logoHIMS59.0% revenue growth vs WAY's 16.5%
ValueWAY logoWAYLower P/E (11.4x vs 52.6x)
Quality / MarginsWAY logoWAY10.9% margin vs HIMS's -0.6%
Stability / SafetyWAY logoWAYBeta 0.84 vs HIMS's 2.48, lower leverage
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)WAY logoWAY-52.6% vs HIMS's -53.1%
Efficiency (ROA)WAY logoWAY2.4% ROA vs HIMS's -0.6%, ROIC 4.2% vs 8.6%

WAY vs HIMS — Revenue Breakdown by Segment

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

Discover the GLP-1 Stocks Theme

These companies are key players in the GLP-1 Stocks ecosystem. See how they stack up against the rest of the sector.

Explore Theme
WAYWaystar Holding Corp.
FY 2025
Subscription and Circulation
100.0%$558M
HIMSHims & Hers Health, Inc.

Segment breakdown not available.

WAY vs HIMS — Financial Metrics

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

BEST OVERALLWAYLAGGINGHIMS

Income & Cash Flow (Last 12 Months)

WAY leads this category, winning 5 of 6 comparable metrics.

HIMS is the larger business by revenue, generating $2.4B annually — 2.0x WAY's $1.2B. WAY is the more profitable business, keeping 10.9% of every revenue dollar as net income compared to HIMS's -0.6%. On growth, WAY holds the edge at +22.4% YoY revenue growth, suggesting stronger near-term business momentum.

MetricWAY logoWAYWaystar Holding C…HIMS logoHIMSHims & Hers Healt…
RevenueTrailing 12 months$1.2B$2.4B
EBITDAEarnings before interest/tax$430M$99M
Net IncomeAfter-tax profit$126M-$13M
Free Cash FlowCash after capex$294M$76M
Gross MarginGross profit ÷ Revenue+65.2%+67.6%
Operating MarginEBIT ÷ Revenue+24.3%+1.3%
Net MarginNet income ÷ Revenue+10.9%-0.6%
FCF MarginFCF ÷ Revenue+25.4%+3.2%
Rev. Growth (YoY)Latest quarter vs prior year+22.4%+3.8%
EPS Growth (YoY)Latest quarter vs prior year+37.5%-3.0%
WAY leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

WAY leads this category, winning 4 of 5 comparable metrics.

At 30.7x trailing earnings, WAY trades at a 42% valuation discount to HIMS's 52.6x P/E. On an enterprise value basis, WAY's 12.4x EV/EBITDA is more attractive than HIMS's 43.2x.

MetricWAY logoWAYWaystar Holding C…HIMS logoHIMSHims & Hers Healt…
Market CapShares × price$3.6B$5.9B
Enterprise ValueMkt cap + debt − cash$5.0B$6.9B
Trailing P/EPrice ÷ TTM EPS30.74x52.59x
Forward P/EPrice ÷ next-FY EPS est.11.42x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple12.39x43.24x
Price / SalesMarket cap ÷ Revenue3.27x2.51x
Price / BookPrice ÷ Book value/share0.95x12.80x
Price / FCFMarket cap ÷ FCF12.70x79.62x
WAY leads this category, winning 4 of 5 comparable metrics.

Profitability & Efficiency

Evenly matched — WAY and HIMS each lead in 4 of 8 comparable metrics.

WAY delivers a 3.5% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-2 for HIMS. WAY carries lower financial leverage with a 0.39x debt-to-equity ratio, signaling a more conservative balance sheet compared to HIMS's 2.34x. On the Piotroski fundamental quality scale (0–9), WAY scores 5/9 vs HIMS's 4/9, reflecting solid financial health.

MetricWAY logoWAYWaystar Holding C…HIMS logoHIMSHims & Hers Healt…
ROE (TTM)Return on equity+3.5%-2.5%
ROA (TTM)Return on assets+2.4%-0.6%
ROICReturn on invested capital+4.2%+8.6%
ROCEReturn on capital employed+5.2%+9.4%
Piotroski ScoreFundamental quality 0–954
Debt / EquityFinancial leverage0.39x2.34x
Net DebtTotal debt minus cash$1.4B$1.0B
Cash & Equiv.Liquid assets$61M$229M
Total DebtShort + long-term debt$1.5B$1.3B
Interest CoverageEBIT ÷ Interest expense3.51x
Evenly matched — WAY and HIMS each lead in 4 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

HIMS leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in HIMS five years ago would be worth $20,791 today (with dividends reinvested), compared to $9,058 for WAY. Over the past 12 months, WAY leads with a -52.6% total return vs HIMS's -53.1%. The 3-year compound annual growth rate (CAGR) favors HIMS at 44.0% vs WAY's -3.2% — a key indicator of consistent wealth creation.

MetricWAY logoWAYWaystar Holding C…HIMS logoHIMSHims & Hers Healt…
YTD ReturnYear-to-date-40.2%-19.7%
1-Year ReturnPast 12 months-52.6%-53.1%
3-Year ReturnCumulative with dividends-9.4%+198.3%
5-Year ReturnCumulative with dividends-9.4%+107.9%
10-Year ReturnCumulative with dividends-9.4%+173.7%
CAGR (3Y)Annualised 3-year return-3.2%+44.0%
HIMS leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

WAY leads this category, winning 2 of 2 comparable metrics.

WAY is the less volatile stock with a 0.84 beta — it tends to amplify market swings less than HIMS's 2.48 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WAY currently trades 45.2% from its 52-week high vs HIMS's 38.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricWAY logoWAYWaystar Holding C…HIMS logoHIMSHims & Hers Healt…
Beta (5Y)Sensitivity to S&P 5000.84x2.48x
52-Week HighHighest price in past year$41.47$70.43
52-Week LowLowest price in past year$17.89$13.74
% of 52W HighCurrent price vs 52-week peak+45.2%+38.1%
RSI (14)Momentum oscillator 0–10040.359.4
Avg Volume (50D)Average daily shares traded2.4M24.7M
WAY leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates WAY as "Buy" and HIMS as "Hold". Consensus price targets imply 90.0% upside for WAY (target: $36) vs 0.7% for HIMS (target: $27).

MetricWAY logoWAYWaystar Holding C…HIMS logoHIMSHims & Hers Healt…
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$35.62$27.00
# AnalystsCovering analysts1720
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%+1.5%
Insufficient data to determine a leader in this category.
Key Takeaway

WAY leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). HIMS leads in 1 (Total Returns). 1 tied.

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

10 questions · data-driven answers · updated daily

01

Is WAY or HIMS a better buy right now?

For growth investors, Hims & Hers Health, Inc.

(HIMS) is the stronger pick with 59. 0% revenue growth year-over-year, versus 16. 5% for Waystar Holding Corp. (WAY). 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 has the better valuation — WAY or HIMS?

On trailing P/E, Waystar Holding Corp.

(WAY) is the cheapest at 30. 7x versus Hims & Hers Health, Inc. at 52. 6x.

03

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

Over the past 5 years, Hims & Hers Health, Inc.

(HIMS) delivered a total return of +107. 9%, compared to -9. 4% for Waystar Holding Corp. (WAY). Over 10 years, the gap is even starker: HIMS returned +173. 7% versus WAY's -9. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — WAY or HIMS?

By beta (market sensitivity over 5 years), Waystar Holding Corp.

(WAY) is the lower-risk stock at 0. 84β versus Hims & Hers Health, Inc. 's 2. 48β — meaning HIMS is approximately 195% more volatile than WAY relative to the S&P 500. On balance sheet safety, Waystar Holding Corp. (WAY) carries a lower debt/equity ratio of 39% versus 2% for Hims & Hers Health, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — WAY or HIMS?

By revenue growth (latest reported year), Hims & Hers Health, Inc.

(HIMS) is pulling ahead at 59. 0% versus 16. 5% for Waystar Holding Corp. (WAY). On earnings-per-share growth, the picture is similar: Waystar Holding Corp. grew EPS 569. 2% year-over-year, compared to -3. 8% for Hims & Hers Health, Inc.. Over a 3-year CAGR, HIMS leads at 64. 5% 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.

06

Which has better profit margins — WAY or HIMS?

Waystar Holding Corp.

(WAY) is the more profitable company, earning 10. 2% net margin versus 5. 5% for Hims & Hers Health, Inc. — 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 4. 5% for HIMS. At the gross margin level — before operating expenses — HIMS leads at 73. 8%, 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.

07

Is WAY or HIMS more undervalued right now?

Analyst consensus price targets imply the most upside for WAY: 90.

0% to $35. 62.

08

Which pays a better dividend — WAY or HIMS?

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.

09

Is WAY or HIMS better for a retirement portfolio?

For long-horizon retirement investors, Waystar Holding Corp.

(WAY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 84)). Hims & Hers Health, Inc. (HIMS) carries a higher beta of 2. 48 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (WAY: -9. 4%, HIMS: +173. 7%), 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.

10

What are the main differences between WAY and HIMS?

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

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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