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WAY
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NVCR
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KO
INVA logo
INVA
PEP logo
PEP
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Stock Comparison

WAY vs NVCR vs KO vs INVA vs PEP

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%
INVA
Innoviva, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$1.68B
5Y Perf.+38.7%
PEP
PepsiCo, Inc.

Beverages - Non-Alcoholic

Consumer DefensiveNASDAQ • US
Market Cap$197.17B
5Y Perf.-12.5%

WAY vs NVCR vs KO vs INVA vs PEP — Key Financials

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

Company Snapshot
WAY logoWAY
NVCR logoNVCR
KO logoKO
INVA logoINVA
PEP logoPEP
IndustryInformation Technology ServicesMedical - Instruments & SuppliesBeverages - Non-AlcoholicBiotechnologyBeverages - Non-Alcoholic
Market Cap$3.60B$2.02B$355.61B$1.68B$197.17B
Revenue (TTM)$1.16B$674M$49.28B$424M$93.92B
Net Income (TTM)$126M$-173M$13.70B$504M$8.24B
Gross Margin65.2%75.2%61.7%76.2%54.1%
Operating Margin24.3%-27.2%29.3%14.8%12.2%
Forward P/E11.4x25.3x6.4x16.7x
Total Debt$1.50B$290M$45.49B$269M$49.90B
Cash & Equiv.$61M$103M$10.27B$551M$9.16B

WAY vs NVCR vs KO vs INVA vs PEPLong-Term Stock Performance

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

WAY
NVCR
KO
INVA
PEP
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%
Innoviva, Inc. (INVA)100138.7+38.7%
PepsiCo, Inc. (PEP)10087.5-12.5%

Price return only. Dividends and distributions are not included.

Quick Verdict: WAY vs NVCR vs KO vs INVA vs PEP

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

Bottom line: INVA leads in 5 of 7 categories (5-stock set), making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. The Coca-Cola Company is the stronger pick specifically for recent price momentum and sentiment. PEP also leads in specific categories worth noting. This set spans 3 sectors — these stocks serve different portfolio roles, not just different price points.
🥇INVA emerged as the overall leader. Track its performance:
WAY
Waystar Holding Corp.
The Value Angle

WAY lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: technology exposure
NVCR
NovoCure Limited
The Healthcare Pick

Among these 5 stocks, NVCR doesn't own a clear edge in any measured category.

Best for: healthcare exposure
KO
The Coca-Cola Company
The Long-Run Compounder

KO is the #2 pick in this set and the best alternative if long-term compounding is your priority.

  • 121.1% 10Y total return vs INVA's 108.1%
  • +17.2% vs WAY's -52.6%
Best for: long-term compounding
INVA
Innoviva, Inc.
The Growth Play

INVA carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.

  • Rev growth 18.5%, EPS growth 8.2%, 3Y rev CAGR 8.7%
  • Lower volatility, beta 0.06, Low D/E 22.9%, current ratio 14.64x
  • PEG 0.62 vs PEP's 5.11
  • Beta 0.06, current ratio 14.64x
Best for: growth exposure and sleep-well-at-night
PEP
PepsiCo, Inc.
The Income Pick

PEP ranks third and is worth considering specifically for income & stability.

  • Dividend streak 54 yrs, beta -0.11, yield 3.9%
  • 3.9% yield, 54-year raise streak, vs KO's 2.5%, (3 stocks pay no dividend)
Best for: income & stability
See the full category breakdown
CategoryWinnerWhy
GrowthINVA logoINVA18.5% revenue growth vs KO's 1.9%
ValueINVA logoINVALower P/E (6.4x vs 16.7x), PEG 0.62 vs 5.11
Quality / MarginsINVA logoINVA118.9% margin vs NVCR's -25.7%
Stability / SafetyINVA logoINVABeta 0.06 vs NVCR's 2.21, lower leverage
DividendsPEP logoPEP3.9% yield, 54-year raise streak, vs KO's 2.5%, (3 stocks pay no dividend)
Momentum (1Y)KO logoKO+17.2% vs WAY's -52.6%
Efficiency (ROA)INVA logoINVA32.4% ROA vs NVCR's -16.5%, ROIC 14.2% vs -16.4%

WAY vs NVCR vs KO vs INVA vs PEP — 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
INVAInnoviva, Inc.
FY 2025
Royalty
57.5%$236M
Product
41.8%$172M
License And Other Revenue
0.7%$3M
PEPPepsiCo, Inc.

Segment breakdown not available.

WAY vs NVCR vs KO vs INVA vs PEP — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLINVALAGGINGPEP

Income & Cash Flow (Last 12 Months)

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

PEP is the larger business by revenue, generating $93.9B annually — 221.5x INVA's $424M. INVA is the more profitable business, keeping 118.9% 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…INVA logoINVAInnoviva, Inc.PEP logoPEPPepsiCo, Inc.
RevenueTrailing 12 months$1.2B$674M$49.3B$424M$93.9B
EBITDAEarnings before interest/tax$430M-$165M$15.5B$86M$14.3B
Net IncomeAfter-tax profit$126M-$173M$13.7B$504M$8.2B
Free Cash FlowCash after capex$294M-$48M$12.6B$181M$7.7B
Gross MarginGross profit ÷ Revenue+65.2%+75.2%+61.7%+76.2%+54.1%
Operating MarginEBIT ÷ Revenue+24.3%-27.2%+29.3%+14.8%+12.2%
Net MarginNet income ÷ Revenue+10.9%-25.7%+27.8%+118.9%+8.8%
FCF MarginFCF ÷ Revenue+25.4%-7.1%+25.5%+42.6%+8.2%
Rev. Growth (YoY)Latest quarter vs prior year+22.4%+12.3%+12.1%+10.6%+5.6%
EPS Growth (YoY)Latest quarter vs prior year+37.5%-100.0%+18.2%+4.0%+66.7%
INVA leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

INVA leads this category, winning 4 of 7 comparable metrics.

At 6.9x trailing earnings, INVA trades at a 78% valuation discount to WAY's 30.7x P/E. Adjusting for growth (PEG ratio), INVA offers better value at 0.67x vs PEP's 7.37x — a lower PEG means you pay less per unit of expected earnings growth.

MetricWAY logoWAYWaystar Holding C…NVCR logoNVCRNovoCure LimitedKO logoKOThe Coca-Cola Com…INVA logoINVAInnoviva, Inc.PEP logoPEPPepsiCo, Inc.
Market CapShares × price$3.6B$2.0B$355.6B$1.7B$197.2B
Enterprise ValueMkt cap + debt − cash$5.0B$2.2B$390.8B$1.4B$237.9B
Trailing P/EPrice ÷ TTM EPS30.74x-14.57x27.18x6.89x24.05x
Forward P/EPrice ÷ next-FY EPS est.11.42x25.27x6.36x16.68x
PEG RatioP/E ÷ EPS growth rate2.43x0.67x7.37x
EV / EBITDAEnterprise value multiple12.39x26.39x6.85x16.63x
Price / SalesMarket cap ÷ Revenue3.27x3.09x7.42x3.95x2.10x
Price / BookPrice ÷ Book value/share0.95x5.82x10.40x1.64x9.63x
Price / FCFMarket cap ÷ FCF12.70x67.15x8.57x25.70x
INVA leads this category, winning 4 of 7 comparable metrics.

Profitability & Efficiency

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

INVA delivers a 47.6% return on equity — every $100 of shareholder capital generates $48 in annual profit, vs $-51 for NVCR. INVA carries lower financial leverage with a 0.23x debt-to-equity ratio, signaling a more conservative balance sheet compared to PEP's 2.43x. On the Piotroski fundamental quality scale (0–9), KO scores 7/9 vs PEP's 5/9, reflecting strong financial health.

MetricWAY logoWAYWaystar Holding C…NVCR logoNVCRNovoCure LimitedKO logoKOThe Coca-Cola Com…INVA logoINVAInnoviva, Inc.PEP logoPEPPepsiCo, Inc.
ROE (TTM)Return on equity+3.5%-50.8%+41.1%+47.6%+40.1%
ROA (TTM)Return on assets+2.4%-16.5%+13.1%+32.4%+7.7%
ROICReturn on invested capital+4.2%-16.4%+15.8%+14.2%+14.9%
ROCEReturn on capital employed+5.2%-28.9%+17.3%+12.4%+16.1%
Piotroski ScoreFundamental quality 0–955755
Debt / EquityFinancial leverage0.39x0.85x1.33x0.23x2.43x
Net DebtTotal debt minus cash$1.4B$187M$35.2B-$282M$40.7B
Cash & Equiv.Liquid assets$61M$103M$10.3B$551M$9.2B
Total DebtShort + long-term debt$1.5B$290M$45.5B$269M$49.9B
Interest CoverageEBIT ÷ Interest expense3.51x-96.80x10.70x63.45x10.34x
INVA leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in INVA five years ago would be worth $17,793 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 INVA at 19.3% vs NVCR's -26.2% — a key indicator of consistent wealth creation.

MetricWAY logoWAYWaystar Holding C…NVCR logoNVCRNovoCure LimitedKO logoKOThe Coca-Cola Com…INVA logoINVAInnoviva, Inc.PEP logoPEPPepsiCo, Inc.
YTD ReturnYear-to-date-40.2%+35.5%+20.3%+14.4%+3.5%
1-Year ReturnPast 12 months-52.6%-2.3%+17.2%+6.3%+13.4%
3-Year ReturnCumulative with dividends-9.4%-59.8%+47.0%+69.7%-11.7%
5-Year ReturnCumulative with dividends-9.4%-91.9%+65.6%+77.9%+14.3%
10-Year ReturnCumulative with dividends-9.4%+62.1%+121.1%+108.1%+82.3%
CAGR (3Y)Annualised 3-year return-3.2%-26.2%+13.7%+19.3%-4.1%
INVA leads this category, winning 3 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…INVA logoINVAInnoviva, Inc.PEP logoPEPPepsiCo, Inc.
Beta (5Y)Sensitivity to S&P 5000.84x2.21x-0.20x0.06x-0.11x
52-Week HighHighest price in past year$41.47$18.92$84.04$25.15$171.48
52-Week LowLowest price in past year$17.89$9.82$65.35$16.52$127.60
% of 52W HighCurrent price vs 52-week peak+45.2%+94.0%+98.3%+90.4%+84.1%
RSI (14)Momentum oscillator 0–10040.357.160.650.641.6
Avg Volume (50D)Average daily shares traded2.4M1.5M12.7M660K6.0M
KO leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Evenly matched — KO and PEP each lead in 1 of 2 comparable metrics.

Analyst consensus: WAY as "Buy", NVCR as "Buy", KO as "Buy", INVA as "Buy", PEP as "Hold". Consensus price targets imply 90.0% upside for WAY (target: $36) vs 4.2% for KO (target: $86). For income investors, PEP offers the higher dividend yield at 3.86% vs KO's 2.46%.

MetricWAY logoWAYWaystar Holding C…NVCR logoNVCRNovoCure LimitedKO logoKOThe Coca-Cola Com…INVA logoINVAInnoviva, Inc.PEP logoPEPPepsiCo, Inc.
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuyHold
Price TargetConsensus 12-month target$35.62$33.50$86.13$40.00$167.88
# AnalystsCovering analysts1715481045
Dividend YieldAnnual dividend ÷ price+2.5%+3.9%
Dividend StreakConsecutive years of raises56254
Dividend / ShareAnnual DPS$2.04$5.57
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%+0.2%+0.3%+0.5%
Evenly matched — KO and PEP each lead in 1 of 2 comparable metrics.
Key Takeaway

INVA leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). KO leads in 1 (Risk & Volatility). 1 tied.

Best OverallInnoviva, Inc. (INVA)Leads 4 of 6 categories
Loading custom metrics...

WAY vs NVCR vs KO vs INVA vs PEP: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is WAY or NVCR or KO or INVA or PEP a better buy right now?

For growth investors, Innoviva, Inc.

(INVA) is the stronger pick with 18. 5% revenue growth year-over-year, versus 1. 9% for The Coca-Cola Company (KO). Innoviva, Inc. (INVA) offers the better valuation at 6. 9x trailing P/E (6. 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 NVCR or KO or INVA or PEP?

On trailing P/E, Innoviva, Inc.

(INVA) is the cheapest at 6. 9x versus Waystar Holding Corp. at 30. 7x. On forward P/E, Innoviva, Inc. is actually cheaper at 6. 4x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Innoviva, Inc. wins at 0. 62x versus PepsiCo, Inc. 's 5. 11x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

03

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

Over the past 5 years, Innoviva, Inc.

(INVA) delivered a total return of +77. 9%, 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 or INVA or PEP?

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, Innoviva, Inc. (INVA) carries a lower debt/equity ratio of 23% versus 2% for PepsiCo, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — WAY or NVCR or KO or INVA or PEP?

By revenue growth (latest reported year), Innoviva, Inc.

(INVA) is pulling ahead at 18. 5% versus 1. 9% for The Coca-Cola Company (KO). On earnings-per-share growth, the picture is similar: Innoviva, Inc. grew EPS 816. 7% year-over-year, compared to -13. 7% for PepsiCo, Inc.. 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 or INVA or PEP?

Innoviva, Inc.

(INVA) is the more profitable company, earning 63. 8% net margin versus -20. 8% for NovoCure Limited — meaning it keeps 63. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: INVA leads at 38. 5% 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 or INVA or PEP more undervalued right now?

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Innoviva, Inc. (INVA) is the more undervalued stock at a PEG of 0. 62x versus PepsiCo, Inc. 's 5. 11x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Innoviva, Inc. (INVA) trades at 6. 4x forward P/E versus 25. 3x for The Coca-Cola Company — 18. 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 or INVA or PEP?

In this comparison, PEP (3.

9% yield), KO (2. 5% yield) pay a dividend. WAY, NVCR, INVA do not pay a meaningful dividend and should not be held primarily for income.

09

Is WAY or NVCR or KO or INVA or PEP 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 and INVA and PEP?

These companies operate in different sectors (WAY (Technology) and NVCR (Healthcare) and KO (Consumer Defensive) and INVA (Healthcare) and PEP (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; INVA is a small-cap high-growth stock; PEP is a mid-cap income-oriented stock. KO, PEP pay a dividend while WAY, NVCR, INVA 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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