HealthEquity Inc (HQY)vsWaystar Holding Corp. Common Stock (WAY)
HQY
HealthEquity Inc
$83.25
+0.75%
HEALTHCARE · Cap: $6.96B
WAY
Waystar Holding Corp. Common Stock
$19.90
-3.49%
HEALTHCARE · Cap: $4.02B
Smart Verdict
WallStSmart Research — data-driven comparison
HealthEquity Inc generates 14% more annual revenue ($1.31B vs $1.16B). HQY leads profitability with a 16.4% profit margin vs 10.9%. WAY trades at a lower P/E of 31.3x. HQY earns a higher WallStSmart Score of 66/100 (B-).
HQY
Strong Buy66
out of 100
Grade: B-
WAY
Buy63
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+54.4%
Fair Value
$168.62
Current Price
$83.25
$85.37 discount
Margin of Safety
+8.3%
Fair Value
$25.87
Current Price
$19.90
$5.97 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Earnings expanding 92.4% YoY
Strong operational efficiency at 21.6%
Reasonable price relative to book value
Conservative balance sheet, low leverage
Strong operational efficiency at 25.6%
Revenue surging 22.4% year-over-year
Earnings expanding 37.5% YoY
Areas to Watch
Premium valuation, high expectations priced in
Premium valuation, high expectations priced in
Distress zone — elevated risk
ROE of 3.6% — below average capital efficiency
Weak financial health signals
Comparative Analysis Report
WallStSmart ResearchBull Case : HQY
The strongest argument for HQY centers on EPS Growth, Operating Margin. Profitability is solid with margins at 16.4% and operating margin at 21.6%. PEG of 1.19 suggests the stock is reasonably priced for its growth.
Bull Case : WAY
The strongest argument for WAY centers on Price/Book, Debt/Equity, Operating Margin. Revenue growth of 22.4% demonstrates continued momentum.
Bear Case : HQY
The primary concerns for HQY are P/E Ratio.
Bear Case : WAY
The primary concerns for WAY are P/E Ratio, Altman Z-Score, Return on Equity.
Key Dynamics to Monitor
HQY profiles as a mature stock while WAY is a growth play — different risk/reward profiles.
WAY is growing revenue faster at 22.4% — sustainability is the question.
HQY generates stronger free cash flow (102M), providing more financial flexibility.
Monitor HEALTH INFORMATION SERVICES industry trends, competitive dynamics, and regulatory changes.
Bottom Line
HQY scores higher overall (66/100 vs 63/100), backed by strong 16.4% margins. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
HealthEquity Inc
HEALTHCARE · HEALTH INFORMATION SERVICES · USA
HealthEquity, Inc. provides technology-enabled service platforms to consumers and employers in the United States. The company is headquartered in Draper, Utah.
Waystar Holding Corp. Common Stock
HEALTHCARE · HEALTH INFORMATION SERVICES · USA
Waystar Holding Corp. The company is headquartered in Lehi, Utah.
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