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Stock Comparison

WAY vs NVCR vs KO

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%
NVCR
NovoCure Limited

Medical - Instruments & Supplies

HealthcareNASDAQ • JE
Market Cap$2.02B
5Y Perf.+3.8%
KO
The Coca-Cola Company

Beverages - Non-Alcoholic

Consumer DefensiveNYSE • US
Market Cap$355.61B
5Y Perf.+29.8%

WAY vs NVCR vs KO — Key Financials

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

Company Snapshot
WAY logoWAY
NVCR logoNVCR
KO logoKO
IndustryInformation Technology ServicesMedical - Instruments & SuppliesBeverages - Non-Alcoholic
Market Cap$3.60B$2.02B$355.61B
Revenue (TTM)$1.16B$674M$49.28B
Net Income (TTM)$126M$-173M$13.70B
Gross Margin65.2%75.2%61.7%
Operating Margin24.3%-27.2%29.3%
Forward P/E11.4x25.3x
Total Debt$1.50B$290M$45.49B
Cash & Equiv.$61M$103M$10.27B

WAY vs NVCR vs KOLong-Term Stock Performance

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

WAY
NVCR
KO
StockJun 24Jun 26Return
Waystar Holding Cor… (WAY)10087.2-12.8%
NovoCure Limited (NVCR)100103.8+3.8%
The Coca-Cola Compa… (KO)100129.8+29.8%

Price return only. Dividends and distributions are not included.

Quick Verdict: WAY vs NVCR vs KO

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

Bottom line: KO leads in 4 of 7 categories, making it the strongest pick for profitability and margin quality and dividend income and shareholder returns. Waystar Holding Corp. is the stronger pick specifically for growth and revenue expansion and valuation and capital efficiency. This set spans 3 sectors — these stocks serve different portfolio roles, not just different price points.
🥇KO emerged as the overall leader. Track its performance:
WAY
Waystar Holding Corp.
The Income Pick

WAY is the clearest fit if your priority is income & stability and growth exposure.

  • beta 0.84
  • Rev growth 16.5%, EPS growth 5.7%, 3Y rev CAGR 16.0%
  • Lower volatility, beta 0.84, Low D/E 38.7%, current ratio 1.41x
Best for: income & stability and growth exposure
NVCR
NovoCure Limited
The Defensive Pick

NVCR is the clearest fit if your priority is defensive.

  • Beta 2.21, current ratio 2.90x
Best for: defensive
KO
The Coca-Cola Company
The Long-Run Compounder

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

  • 121.1% 10Y total return vs NVCR's 62.1%
  • 27.8% margin vs NVCR's -25.7%
  • 2.5% yield; 56-year raise streak; the other 2 pay no meaningful dividend
Best for: long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthWAY logoWAY16.5% revenue growth vs KO's 1.9%
ValueWAY logoWAYLower P/E (11.4x vs 25.3x)
Quality / MarginsKO logoKO27.8% margin vs NVCR's -25.7%
Stability / SafetyWAY logoWAYBeta 0.84 vs NVCR's 2.21, lower leverage
DividendsKO logoKO2.5% yield; 56-year raise streak; the other 2 pay no meaningful dividend
Momentum (1Y)KO logoKO+17.2% vs WAY's -52.6%
Efficiency (ROA)KO logoKO13.1% ROA vs NVCR's -16.5%, ROIC 15.8% vs -16.4%

WAY vs NVCR vs KO — 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
NVCRNovoCure Limited

Segment breakdown not available.

KOThe Coca-Cola Company
FY 2025
Pacific
84.6%$31.6B
Bottling investments
15.4%$5.7B

WAY vs NVCR vs KO — Financial Metrics

Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLKOLAGGINGNVCR

Income & Cash Flow (Last 12 Months)

KO leads this category, winning 3 of 6 comparable metrics.

KO is the larger business by revenue, generating $49.3B annually — 73.1x NVCR's $674M. KO is the more profitable business, keeping 27.8% of every revenue dollar as net income compared to NVCR's -25.7%. On growth, WAY holds the edge at +22.4% YoY revenue growth, suggesting stronger near-term business momentum.

MetricWAY logoWAYWaystar Holding C…NVCR logoNVCRNovoCure LimitedKO logoKOThe Coca-Cola Com…
RevenueTrailing 12 months$1.2B$674M$49.3B
EBITDAEarnings before interest/tax$430M-$165M$15.5B
Net IncomeAfter-tax profit$126M-$173M$13.7B
Free Cash FlowCash after capex$294M-$48M$12.6B
Gross MarginGross profit ÷ Revenue+65.2%+75.2%+61.7%
Operating MarginEBIT ÷ Revenue+24.3%-27.2%+29.3%
Net MarginNet income ÷ Revenue+10.9%-25.7%+27.8%
FCF MarginFCF ÷ Revenue+25.4%-7.1%+25.5%
Rev. Growth (YoY)Latest quarter vs prior year+22.4%+12.3%+12.1%
EPS Growth (YoY)Latest quarter vs prior year+37.5%-100.0%+18.2%
KO leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

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

At 27.2x trailing earnings, KO trades at a 12% valuation discount to WAY's 30.7x P/E. On an enterprise value basis, WAY's 12.4x EV/EBITDA is more attractive than KO's 26.4x.

MetricWAY logoWAYWaystar Holding C…NVCR logoNVCRNovoCure LimitedKO logoKOThe Coca-Cola Com…
Market CapShares × price$3.6B$2.0B$355.6B
Enterprise ValueMkt cap + debt − cash$5.0B$2.2B$390.8B
Trailing P/EPrice ÷ TTM EPS30.74x-14.57x27.18x
Forward P/EPrice ÷ next-FY EPS est.11.42x25.27x
PEG RatioP/E ÷ EPS growth rate2.43x
EV / EBITDAEnterprise value multiple12.39x26.39x
Price / SalesMarket cap ÷ Revenue3.27x3.09x7.42x
Price / BookPrice ÷ Book value/share0.95x5.82x10.40x
Price / FCFMarket cap ÷ FCF12.70x67.15x
WAY leads this category, winning 4 of 6 comparable metrics.

Profitability & Efficiency

KO leads this category, winning 6 of 9 comparable metrics.

KO delivers a 41.1% return on equity — every $100 of shareholder capital generates $41 in annual profit, vs $-51 for NVCR. WAY carries lower financial leverage with a 0.39x debt-to-equity ratio, signaling a more conservative balance sheet compared to KO's 1.33x. On the Piotroski fundamental quality scale (0–9), KO scores 7/9 vs NVCR's 5/9, reflecting strong financial health.

MetricWAY logoWAYWaystar Holding C…NVCR logoNVCRNovoCure LimitedKO logoKOThe Coca-Cola Com…
ROE (TTM)Return on equity+3.5%-50.8%+41.1%
ROA (TTM)Return on assets+2.4%-16.5%+13.1%
ROICReturn on invested capital+4.2%-16.4%+15.8%
ROCEReturn on capital employed+5.2%-28.9%+17.3%
Piotroski ScoreFundamental quality 0–9557
Debt / EquityFinancial leverage0.39x0.85x1.33x
Net DebtTotal debt minus cash$1.4B$187M$35.2B
Cash & Equiv.Liquid assets$61M$103M$10.3B
Total DebtShort + long-term debt$1.5B$290M$45.5B
Interest CoverageEBIT ÷ Interest expense3.51x-96.80x10.70x
KO leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in KO five years ago would be worth $16,560 today (with dividends reinvested), compared to $808 for NVCR. Over the past 12 months, KO leads with a +17.2% total return vs WAY's -52.6%. The 3-year compound annual growth rate (CAGR) favors KO at 13.7% vs NVCR's -26.2% — a key indicator of consistent wealth creation.

MetricWAY logoWAYWaystar Holding C…NVCR logoNVCRNovoCure LimitedKO logoKOThe Coca-Cola Com…
YTD ReturnYear-to-date-40.2%+35.5%+20.3%
1-Year ReturnPast 12 months-52.6%-2.3%+17.2%
3-Year ReturnCumulative with dividends-9.4%-59.8%+47.0%
5-Year ReturnCumulative with dividends-9.4%-91.9%+65.6%
10-Year ReturnCumulative with dividends-9.4%+62.1%+121.1%
CAGR (3Y)Annualised 3-year return-3.2%-26.2%+13.7%
KO leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

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

KO is the less volatile stock with a -0.20 beta — it tends to amplify market swings less than NVCR's 2.21 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. KO currently trades 98.3% from its 52-week high vs WAY's 45.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricWAY logoWAYWaystar Holding C…NVCR logoNVCRNovoCure LimitedKO logoKOThe Coca-Cola Com…
Beta (5Y)Sensitivity to S&P 5000.84x2.21x-0.20x
52-Week HighHighest price in past year$41.47$18.92$84.04
52-Week LowLowest price in past year$17.89$9.82$65.35
% of 52W HighCurrent price vs 52-week peak+45.2%+94.0%+98.3%
RSI (14)Momentum oscillator 0–10040.357.160.6
Avg Volume (50D)Average daily shares traded2.4M1.5M12.7M
KO leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: WAY as "Buy", NVCR as "Buy", KO as "Buy". Consensus price targets imply 90.0% upside for WAY (target: $36) vs 4.2% for KO (target: $86). KO is the only dividend payer here at 2.46% yield — a key consideration for income-focused portfolios.

MetricWAY logoWAYWaystar Holding C…NVCR logoNVCRNovoCure LimitedKO logoKOThe Coca-Cola Com…
Analyst RatingConsensus buy/hold/sellBuyBuyBuy
Price TargetConsensus 12-month target$35.62$33.50$86.13
# AnalystsCovering analysts171548
Dividend YieldAnnual dividend ÷ price+2.5%
Dividend StreakConsecutive years of raises56
Dividend / ShareAnnual DPS$2.04
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%+0.2%
Insufficient data to determine a leader in this category.
Key Takeaway

KO leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). WAY leads in 1 (Valuation Metrics).

Best OverallThe Coca-Cola Company (KO)Leads 4 of 6 categories
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WAY vs NVCR vs KO: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is WAY or NVCR or KO 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 1. 9% for The Coca-Cola Company (KO). The Coca-Cola Company (KO) offers the better valuation at 27. 2x trailing P/E (25. 3x 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 NVCR or KO?

On trailing P/E, The Coca-Cola Company (KO) is the cheapest at 27.

2x versus Waystar Holding Corp. at 30. 7x. On forward P/E, Waystar Holding Corp. is actually cheaper at 11. 4x — notably different from the trailing picture, reflecting expected earnings growth.

03

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

Over the past 5 years, The Coca-Cola Company (KO) delivered a total return of +65.

6%, compared to -91. 9% for NovoCure Limited (NVCR). Over 10 years, the gap is even starker: KO returned +121. 1% 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 NVCR or KO?

By beta (market sensitivity over 5 years), The Coca-Cola Company (KO) is the lower-risk stock at -0.

20β versus NovoCure Limited's 2. 21β — meaning NVCR is approximately -1202% more volatile than KO relative to the S&P 500. On balance sheet safety, Waystar Holding Corp. (WAY) carries a lower debt/equity ratio of 39% versus 133% for The Coca-Cola Company — giving it more financial flexibility in a downturn.

05

Which is growing faster — WAY or NVCR or KO?

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

(WAY) is pulling ahead at 16. 5% versus 1. 9% for The Coca-Cola Company (KO). On earnings-per-share growth, the picture is similar: Waystar Holding Corp. grew EPS 569. 2% year-over-year, compared to 21. 8% for NovoCure Limited. 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.

06

Which has better profit margins — WAY or NVCR or KO?

The Coca-Cola Company (KO) is the more profitable company, earning 27.

3% net margin versus -20. 8% for NovoCure Limited — meaning it keeps 27. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: KO leads at 28. 7% versus -23. 5% for NVCR. At the gross margin level — before operating expenses — NVCR leads at 74. 5%, 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 NVCR or KO more undervalued right now?

On forward earnings alone, Waystar Holding Corp.

(WAY) trades at 11. 4x forward P/E versus 25. 3x for The Coca-Cola Company — 13. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WAY: 90. 0% to $35. 62.

08

Which pays a better dividend — WAY or NVCR or KO?

In this comparison, KO (2.

5% yield) pays a dividend. WAY, NVCR do not pay a meaningful dividend and should not be held primarily for income.

09

Is WAY or NVCR or KO better for a retirement portfolio?

For long-horizon retirement investors, The Coca-Cola Company (KO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.

20), 2. 5% yield, +121. 1% 10Y return). NovoCure Limited (NVCR) carries a higher beta of 2. 21 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (KO: +121. 1%, NVCR: +62. 1%), 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 NVCR and KO?

These companies operate in different sectors (WAY (Technology) and NVCR (Healthcare) and KO (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; NVCR is a small-cap quality compounder stock; KO is a large-cap quality compounder stock. KO pays a dividend while WAY, NVCR do not, making them suitable for different income and tax situations. 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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