HealthEquity Inc (HQY)vsWaystar Holding Corp. Common Stock (WAY)
HQY
HealthEquity Inc
$91.75
-2.93%
HEALTHCARE · Cap: $7.82B
WAY
Waystar Holding Corp. Common Stock
$25.63
-0.31%
HEALTHCARE · Cap: $4.93B
Smart Verdict
WallStSmart Research — data-driven comparison
HealthEquity Inc generates 13% more annual revenue ($1.36B vs $1.21B). HQY leads profitability with a 17.4% profit margin vs 11.2%. HQY trades at a lower P/E of 34.1x. HQY earns a higher WallStSmart Score of 62/100 (C+).
HQY
Buy62
out of 100
Grade: C+
WAY
Buy55
out of 100
Grade: C-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+58.3%
Fair Value
$184.63
Current Price
$91.75
$92.88 discount
Intrinsic value data unavailable for WAY.
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 28.4%
Reasonable price relative to book value
Strong operational efficiency at 24.4%
18.1% revenue growth
Areas to Watch
Premium valuation, high expectations priced in
Grey zone — moderate risk
Premium valuation, high expectations priced in
Distress zone — elevated risk
ROE of 3.2% — below average capital efficiency
Weak financial health signals
Comparative Analysis Report
WallStSmart ResearchBull Case : HQY
The strongest argument for HQY centers on Operating Margin. Profitability is solid with margins at 17.4% and operating margin at 28.4%. PEG of 1.38 suggests the stock is reasonably priced for its growth.
Bull Case : WAY
The strongest argument for WAY centers on Price/Book, Operating Margin, Revenue Growth. Revenue growth of 18.1% demonstrates continued momentum.
Bear Case : HQY
The primary concerns for HQY are P/E Ratio, Altman Z-Score.
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.
HQY carries more volatility with a beta of 0.23 — expect wider price swings.
WAY is growing revenue faster at 18.1% — sustainability is the question.
HQY generates stronger free cash flow (135M), providing more financial flexibility.
Bottom Line
HQY scores higher overall (62/100 vs 55/100), backed by strong 17.4% margins. Both earn "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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