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WAY
VEEV logo
VEEV
KO logo
KO
DOCS logo
DOCS
PEP logo
PEP
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Stock Comparison

WAY vs VEEV vs KO vs DOCS 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%
VEEV
Veeva Systems Inc.

Medical - Healthcare Information Services

HealthcareNYSE • US
Market Cap$25.92B
5Y Perf.-12.8%
KO
The Coca-Cola Company

Beverages - Non-Alcoholic

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

Medical - Healthcare Information Services

HealthcareNYSE • US
Market Cap$3.75B
5Y Perf.-28.4%
PEP
PepsiCo, Inc.

Beverages - Non-Alcoholic

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

WAY vs VEEV vs KO vs DOCS vs PEP — Key Financials

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

Company Snapshot
WAY logoWAY
VEEV logoVEEV
KO logoKO
DOCS logoDOCS
PEP logoPEP
IndustryInformation Technology ServicesMedical - Healthcare Information ServicesBeverages - Non-AlcoholicMedical - Healthcare Information ServicesBeverages - Non-Alcoholic
Market Cap$3.60B$25.92B$355.61B$3.75B$197.17B
Revenue (TTM)$1.16B$3.32B$49.28B$645M$93.92B
Net Income (TTM)$126M$942M$13.70B$196M$8.24B
Gross Margin65.2%75.0%61.7%89.1%54.1%
Operating Margin24.3%28.8%29.3%33.3%12.2%
Forward P/E11.4x17.6x25.3x14.0x16.7x
Total Debt$1.50B$96M$45.49B$10M$49.90B
Cash & Equiv.$61M$1.42B$10.27B$219M$9.16B

WAY vs VEEV vs KO vs DOCS vs PEPLong-Term Stock Performance

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

WAY
VEEV
KO
DOCS
PEP
StockJun 24Jun 26Return
Waystar Holding Cor… (WAY)10087.2-12.8%
Veeva Systems Inc. (VEEV)10087.2-12.8%
The Coca-Cola Compa… (KO)100129.8+29.8%
Doximity, Inc. (DOCS)10071.6-28.4%
PepsiCo, Inc. (PEP)10087.5-12.5%

Price return only. Dividends and distributions are not included.

Quick Verdict: WAY vs VEEV vs KO vs DOCS vs PEP

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

Bottom line: WAY and DOCS are tied at the top with 2 categories each (5-stock set) — the right choice depends on your priorities. Doximity, Inc. is the stronger pick specifically for profitability and margin quality and operational efficiency and capital deployment. VEEV, KO, and PEP also each lead in at least one category. This set spans 3 sectors — these stocks serve different portfolio roles, not just different price points.
WAY
Waystar Holding Corp.
The Growth Play

WAY has the current edge in this matchup, primarily because of its strength in growth exposure.

  • Rev growth 16.5%, EPS growth 5.7%, 3Y rev CAGR 16.0%
  • 16.5% revenue growth vs KO's 1.9%
  • Lower P/E (11.4x vs 16.7x)
Best for: growth exposure
VEEV
Veeva Systems Inc.
The Defensive Pick

VEEV ranks third and is worth considering specifically for sleep-well-at-night and defensive.

  • Lower volatility, beta 0.69, Low D/E 1.3%, current ratio 4.89x
  • Beta 0.69, current ratio 4.89x
  • Beta 0.69 vs WAY's 0.84, lower leverage
Best for: sleep-well-at-night and defensive
KO
The Coca-Cola Company
The Long-Run Compounder

KO is the clearest fit if your priority is long-term compounding.

  • 121.1% 10Y total return vs VEEV's 367.2%
  • +17.2% vs DOCS's -64.8%
Best for: long-term compounding
DOCS
Doximity, Inc.
The Value Pick

DOCS is the #2 pick in this set and the best alternative if valuation efficiency is your priority.

  • PEG 0.27 vs PEP's 5.11
  • 30.4% margin vs PEP's 8.8%
  • 16.5% ROA vs WAY's 2.4%, ROIC 19.8% vs 4.2%
Best for: valuation efficiency
PEP
PepsiCo, Inc.
The Income Pick

PEP is the clearest fit if your priority is 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
GrowthWAY logoWAY16.5% revenue growth vs KO's 1.9%
ValueWAY logoWAYLower P/E (11.4x vs 16.7x)
Quality / MarginsDOCS logoDOCS30.4% margin vs PEP's 8.8%
Stability / SafetyVEEV logoVEEVBeta 0.69 vs WAY's 0.84, 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 DOCS's -64.8%
Efficiency (ROA)DOCS logoDOCS16.5% ROA vs WAY's 2.4%, ROIC 19.8% vs 4.2%

WAY vs VEEV vs KO vs DOCS vs PEP — Revenue Breakdown by Segment

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

Discover the Biotech & Healthcare Stocks Theme

These companies are key players in the Biotech & Healthcare 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
VEEVVeeva Systems Inc.
FY 2026
Subscription Services Veeva Commercial Cloud
86.9%$1.3B
Professional Services Veeva Commercial Cloud
13.1%$189M
KOThe Coca-Cola Company
FY 2025
Pacific
84.6%$31.6B
Bottling investments
15.4%$5.7B
DOCSDoximity, Inc.
FY 2026
Subscription
94.3%$608M
Service, Other
5.7%$36M
PEPPepsiCo, Inc.

Segment breakdown not available.

WAY vs VEEV vs KO vs DOCS vs PEP — Financial Metrics

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

BEST OVERALLKOLAGGINGPEP

Income & Cash Flow (Last 12 Months)

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

PEP is the larger business by revenue, generating $93.9B annually — 145.7x DOCS's $645M. DOCS is the more profitable business, keeping 30.4% of every revenue dollar as net income compared to PEP's 8.8%. On growth, WAY holds the edge at +22.4% YoY revenue growth, suggesting stronger near-term business momentum.

MetricWAY logoWAYWaystar Holding C…VEEV logoVEEVVeeva Systems Inc.KO logoKOThe Coca-Cola Com…DOCS logoDOCSDoximity, Inc.PEP logoPEPPepsiCo, Inc.
RevenueTrailing 12 months$1.2B$3.3B$49.3B$645M$93.9B
EBITDAEarnings before interest/tax$430M$1.1B$15.5B$227M$14.3B
Net IncomeAfter-tax profit$126M$942M$13.7B$196M$8.2B
Free Cash FlowCash after capex$294M$518M$12.6B$215M$7.7B
Gross MarginGross profit ÷ Revenue+65.2%+75.0%+61.7%+89.1%+54.1%
Operating MarginEBIT ÷ Revenue+24.3%+28.8%+29.3%+33.3%+12.2%
Net MarginNet income ÷ Revenue+10.9%+28.4%+27.8%+30.4%+8.8%
FCF MarginFCF ÷ Revenue+25.4%+15.6%+25.5%+33.3%+8.2%
Rev. Growth (YoY)Latest quarter vs prior year+22.4%+16.3%+12.1%+5.1%+5.6%
EPS Growth (YoY)Latest quarter vs prior year+37.5%+14.6%+18.2%-67.7%+66.7%
DOCS leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

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

At 20.4x trailing earnings, DOCS trades at a 33% valuation discount to WAY's 30.7x P/E. Adjusting for growth (PEG ratio), DOCS offers better value at 0.39x vs PEP's 7.37x — a lower PEG means you pay less per unit of expected earnings growth.

MetricWAY logoWAYWaystar Holding C…VEEV logoVEEVVeeva Systems Inc.KO logoKOThe Coca-Cola Com…DOCS logoDOCSDoximity, Inc.PEP logoPEPPepsiCo, Inc.
Market CapShares × price$3.6B$25.9B$355.6B$3.7B$197.2B
Enterprise ValueMkt cap + debt − cash$5.0B$24.6B$390.8B$3.5B$237.9B
Trailing P/EPrice ÷ TTM EPS30.74x29.33x27.18x20.45x24.05x
Forward P/EPrice ÷ next-FY EPS est.11.42x17.61x25.27x13.99x16.68x
PEG RatioP/E ÷ EPS growth rate1.61x2.43x0.39x7.37x
EV / EBITDAEnterprise value multiple12.39x20.59x26.39x16.47x16.63x
Price / SalesMarket cap ÷ Revenue3.27x8.11x7.42x5.81x2.10x
Price / BookPrice ÷ Book value/share0.95x3.69x10.40x4.20x9.63x
Price / FCFMarket cap ÷ FCF12.70x18.70x67.15x25.70x
WAY leads this category, winning 4 of 7 comparable metrics.

Profitability & Efficiency

DOCS leads this category, winning 5 of 9 comparable metrics.

KO delivers a 41.1% return on equity — every $100 of shareholder capital generates $41 in annual profit, vs $4 for WAY. DOCS carries lower financial leverage with a 0.01x 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…VEEV logoVEEVVeeva Systems Inc.KO logoKOThe Coca-Cola Com…DOCS logoDOCSDoximity, Inc.PEP logoPEPPepsiCo, Inc.
ROE (TTM)Return on equity+3.5%+13.4%+41.1%+19.4%+40.1%
ROA (TTM)Return on assets+2.4%+11.0%+13.1%+16.5%+7.7%
ROICReturn on invested capital+4.2%+12.9%+15.8%+19.8%+14.9%
ROCEReturn on capital employed+5.2%+13.8%+17.3%+20.7%+16.1%
Piotroski ScoreFundamental quality 0–956765
Debt / EquityFinancial leverage0.39x0.01x1.33x0.01x2.43x
Net DebtTotal debt minus cash$1.4B-$1.3B$35.2B-$209M$40.7B
Cash & Equiv.Liquid assets$61M$1.4B$10.3B$219M$9.2B
Total DebtShort + long-term debt$1.5B$96M$45.5B$10M$49.9B
Interest CoverageEBIT ÷ Interest expense3.51x10.70x10.34x
DOCS leads this category, winning 5 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 $3,781 for DOCS. Over the past 12 months, KO leads with a +17.2% total return vs DOCS's -64.8%. The 3-year compound annual growth rate (CAGR) favors KO at 13.7% vs DOCS's -15.0% — a key indicator of consistent wealth creation.

MetricWAY logoWAYWaystar Holding C…VEEV logoVEEVVeeva Systems Inc.KO logoKOThe Coca-Cola Com…DOCS logoDOCSDoximity, Inc.PEP logoPEPPepsiCo, Inc.
YTD ReturnYear-to-date-40.2%-27.3%+20.3%-53.7%+3.5%
1-Year ReturnPast 12 months-52.6%-43.5%+17.2%-64.8%+13.4%
3-Year ReturnCumulative with dividends-9.4%-16.2%+47.0%-38.7%-11.7%
5-Year ReturnCumulative with dividends-9.4%-47.5%+65.6%-62.2%+14.3%
10-Year ReturnCumulative with dividends-9.4%+367.2%+121.1%-62.2%+82.3%
CAGR (3Y)Annualised 3-year return-3.2%-5.7%+13.7%-15.0%-4.1%
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 WAY's 0.84 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 DOCS's 26.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricWAY logoWAYWaystar Holding C…VEEV logoVEEVVeeva Systems Inc.KO logoKOThe Coca-Cola Com…DOCS logoDOCSDoximity, Inc.PEP logoPEPPepsiCo, Inc.
Beta (5Y)Sensitivity to S&P 5000.84x0.69x-0.20x0.75x-0.11x
52-Week HighHighest price in past year$41.47$310.50$84.04$76.51$171.48
52-Week LowLowest price in past year$17.89$148.05$65.35$17.16$127.60
% of 52W HighCurrent price vs 52-week peak+45.2%+51.4%+98.3%+26.2%+84.1%
RSI (14)Momentum oscillator 0–10040.343.860.640.741.6
Avg Volume (50D)Average daily shares traded2.4M2.3M12.7M3.9M6.0M
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", VEEV as "Buy", KO as "Buy", DOCS as "Hold", 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…VEEV logoVEEVVeeva Systems Inc.KO logoKOThe Coca-Cola Com…DOCS logoDOCSDoximity, Inc.PEP logoPEPPepsiCo, Inc.
Analyst RatingConsensus buy/hold/sellBuyBuyBuyHoldHold
Price TargetConsensus 12-month target$35.62$235.38$86.13$29.47$167.88
# AnalystsCovering analysts1743482345
Dividend YieldAnnual dividend ÷ price+2.5%+3.9%
Dividend StreakConsecutive years of raises05654
Dividend / ShareAnnual DPS$2.04$5.57
Buyback YieldShare repurchases ÷ mkt cap0.0%+0.7%+0.2%+11.5%+0.5%
Evenly matched — KO and PEP each lead in 1 of 2 comparable metrics.
Key Takeaway

DOCS leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). KO leads in 2 (Total Returns, Risk & Volatility). 1 tied.

Best OverallThe Coca-Cola Company (KO)Leads 2 of 6 categories
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WAY vs VEEV vs KO vs DOCS vs PEP: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is WAY or VEEV or KO or DOCS or PEP 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). Doximity, Inc. (DOCS) offers the better valuation at 20. 4x trailing P/E (14. 0x 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 VEEV or KO or DOCS or PEP?

On trailing P/E, Doximity, Inc.

(DOCS) is the cheapest at 20. 4x 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. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Doximity, Inc. wins at 0. 27x 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 VEEV or KO or DOCS or PEP?

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

6%, compared to -62. 2% for Doximity, Inc. (DOCS). Over 10 years, the gap is even starker: VEEV returned +367. 2% versus DOCS's -62. 2%. 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 VEEV or KO or DOCS or PEP?

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

20β versus Waystar Holding Corp. 's 0. 84β — meaning WAY is approximately -520% more volatile than KO relative to the S&P 500. On balance sheet safety, Doximity, Inc. (DOCS) carries a lower debt/equity ratio of 1% versus 2% for PepsiCo, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — WAY or VEEV or KO or DOCS or PEP?

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 -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 VEEV or KO or DOCS or PEP?

Doximity, Inc.

(DOCS) is the more profitable company, earning 30. 4% net margin versus 8. 8% for PepsiCo, Inc. — meaning it keeps 30. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DOCS leads at 33. 3% versus 12. 2% for PEP. At the gross margin level — before operating expenses — DOCS leads at 89. 1%, 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 VEEV or KO or DOCS 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, Doximity, Inc. (DOCS) is the more undervalued stock at a PEG of 0. 27x versus PepsiCo, Inc. 's 5. 11x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. 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 VEEV or KO or DOCS or PEP?

In this comparison, PEP (3.

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

09

Is WAY or VEEV or KO or DOCS 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). Both have compounded well over 10 years (KO: +121. 1%, 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.

10

What are the main differences between WAY and VEEV and KO and DOCS and PEP?

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