Waystar price to free cash flow WAY
Market value divided by free cash flow over the last twelve months, since 2025.
- Today, Oct 23, 2026
- 22.5×
- Peer median
- 16.1×
Waystar's price to free cash flow is 22.5× as of Oct 23, 2026.
The median for 10 infrastructure software stocks of a similar size is 16.1×.
Price to free cash flow over time
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 22.5× | 11.7× | 23.2× |
| 2025 | 22.2× | 21.6× | 36.3× |
Against its peers
Companies in Software - Infrastructure nearest Waystar's size, closest first, today.
| Company | Price to free cash flow |
|---|---|
| WAYWaystar | 22.5× |
| ACIWACI Worldwide | 18.1× |
| PSNParsons | 17.0× |
| BBBLACKBERRY | 56.9× |
| BOXBox | 15.2× |
| SAICScience Applications International | 9.9× |
| YOUClear Secure | 12.1× |
| WKWorkiva | 23.3× |
| OTEXOpen Text | 8.4× |
| CCCCCC Intelligent Solutions | 14.7× |
| CVLTCommvault Systems | 27.2× |
| Peer median | 16.1× |
What the price to free cash flow tells you
Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.
Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.
More on Waystar
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.