Waystar Holding Corp. (WAY)财务
NASDAQ · Healthcare · Medical - Healthcare Information Services · 员工1,700人 · CEO Matthew J. Hawkins
- 股价
- $28.00 -0.74%
- 市值
- $53.7亿
- 企业价值
- $68.4亿
- 最近财报
- Q2 '26 2026-07-29提交
- 下次财报
- 2026-11-02 EPS预期 $0.41
营收(TTM)$12.1亿+19.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)22.9%+2.1 百分点 对比去年同期营业利润 $2.76亿
净利润(TTM)$1.35亿+56.8% 对比去年同期税后,含营业外收益
自由现金流(TTM)$2.46亿-11.6% 对比去年同期资本支出 $4670万
稀释EPS(TTM)$0.70+45.6% 对比去年同期最近4个季度之和
净现金-$12.9亿-41.1% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $53.7亿 EV $68.4亿
- 营收
- $12.1亿 过去12个月
- 营收增速
- +17% FY2026年一致预期
- 净利润率
- 11.2% 净利润 / 营收,TTM
- P/E
- 38.9× 预期 16.8×(FY2026)
- P/S
- 4.5× 股价 / 营收,TTM
- EV / EBITDA
- 15.8× TTM
- 自由现金流
- $2.46亿 过去12个月
- 净利润
- $1.35亿 过去12个月
- 营收预期
- $12.9亿 FY2026年一致预期
- 盈利
- 2026-11-02 营收预期 $3.23亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-07-29):营收超预期1.1%,EPS 超预期8.0%营收$3.2亿,预期$3.16亿(+1.1%);EPS $0.43,预期$0.40(+8.0%)。
- 营收增长平稳:同比18.1%Q2 '26营收$3.2亿,此前四个季度的平均值为18.5%。
- 营业利润率22.9%(TTM),较去年同期+2.1 百分点营收增长19.2%,营业利润增长31.1%。
- 税前利润的41.4%被营业外亏损吞噬税前利润$1.95亿,营业利润$2.76亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的3.9%(去年为2.6%)最近4个季度投入$4670万(同比+79.5%)。自由现金流$2.46亿,相当于净利润的182.7%。
- 股东回报$1270万 = 自由现金流的5.2%回购$1270万(去年为-$3.3万),股息$0,股权激励$4900万(TTM)。
- 稀释股数一年内增加7.1%Q2 '26稀释股数1.95亿,一年前为1.82亿。
- 净债务 $12.9亿现金 + 短期投资 $1.92亿,含租赁债务 $14.8亿;一年前净债务 $9.14亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $3.2亿 | $2.71亿 | +18.1% |
| 毛利率 | 69.4% | 67.8% | +1.6 百分点 |
| 营业利润 | $7600万 | $6480万 | +17.3% |
| 营业利润率 | 23.8% | 24.0% | -0.2 百分点 |
| 净利润 | $4090万 | $3220万 | +27.0% |
| 稀释EPS | $0.21 | $0.18 | +16.7% |
| 经营现金流 | $5940万 | $9680万 | -38.6% |
| 资本支出 | $1610万 | $577万 | +179.4% |
| 自由现金流 | $4330万 | $9100万 | -52.4% |
| R&D | $1770万 | $1260万 | +40.4% |
| 股权激励费用 | $1380万 | $1150万 | +19.7% |
实际 vs 一致预期
2026-07-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $3.2亿 | $3.16亿 | +1.1% |
| EPS(一致预期口径) | $0.43 | $0.40 | +8.0% |
来自2026-07-29发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Subscription and Circulation | $1.76亿 | +34.5% | 100.0% | $6.51亿 | +8.1% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $2.93亿
- 资本支出
- -$4670万
- 股票回购
- -$1270万
- 股息
- $0
- 收购
- $0
- 债务净发行
- $2.24亿
- 股权激励费用
- $4900万
- 自由现金流
- $2.46亿
- 股东回报 / FCF
- 5.2%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 38.9× | 52.0× 5年中的1年 | 52.0× – 52.0× |
| EV / EBITDA | 15.8× | 20.5× | 17.8× – 24.1× |
| EV / 营收 | 5.7× | 7.7× | 6.6× – 9.8× |
| 股价 / FCF | 21.8× | 50.5× | 20.6× – 115.2× |
| 股价 / 净资产 | 1.3× | 1.6× | 1.5× – 1.8× |
| FCF收益率 | 4.6% | 2.7% | 0.9% – 4.9% |
| 投入资本回报率 | 3.4% | 2.0% | 0.9% – 2.9% |
| 净资产收益率 | 3.6% | -1.0% | -2.5% – 2.9% |
分析师
一致目标价 $33.00 (+17.9%)
区间 $28.00 – $39.00 · 评级 Buy
强烈买入1
买入16
持有1
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $12.9亿 | +17.0% | $1.67 | +173.7% | 16.8× | 13 |
| FY2027 | $14.2亿 | +10.7% | $1.88 | +12.6% | 14.9× | 13 |
| FY2028 | $15.9亿 | +11.8% | $2.18 | +16.1% | 12.8× | 6 |
| FY2029 | $17.1亿 | +7.6% | $2.46 | +12.7% | 11.4× | 3 |
| FY2030 | $18.8亿 | +9.9% | $2.79 | +13.2% | 10.1× | 2 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Waystar Holding Corp.在近期10-Q / 10-K文件中标记的全部275项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $2亿2026-05-19 | – | – | – | – | – | |
| Accounts Payable, Current | $5620万 | $4670万 | +20.3% | $5090万 | $4740万 | +7.6% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.86亿 | $1.43亿 | +29.5% | $1.77亿 | $1.45亿 | +21.9% |
| Accounts Receivable, Allowance for Credit Loss, Current | $528万 | $610万 | -13.4% | $617万 | $589万 | +4.8% |
| Accounts Receivable, Allowance for Credit Loss, Recovery | – | – | – | $96.6万 | $67.3万 | +43.5% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $400万 | $279万 | +43.3% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $78.2万 | $61.7万 | +26.7% | $332万 | $267万 | +24.4% |
| Accrual for Taxes Other than Income Taxes, Current | $195万 | $418万 | -53.4% | $288万 | $392万 | -26.4% |
| Accrued Income Taxes, Current | $2710万 | $1760万 | +54.2% | $496万 | $411万 | +20.6% |
| Accrued Insurance, Current | $266万 | $245万 | +8.2% | $116万 | $106万 | +9.0% |
| Accrued Rent, Current | $161万2025-09-30 | – | – | – | – | – |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $122万 | -$43.1万 | +382.8% | -$63.2万 | $88.1万 | -171.7% |
| Additional Paid in Capital | $40.2亿 | $33.3亿 | +20.7% | $39.9亿 | $33亿 | +20.9% |
| Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings | – | – | – | $9.9万2024-12-31 | – | – |
| Advertising Expense | – | – | – | $1470万 | $1250万 | +17.6% |
| Amortization of Debt Issuance Costs and Discounts | $66.8万 | $67.9万 | -1.6% | $270万 | $395万 | -31.7% |
| Amortization of Intangible Assets | $3450万 | $2810万 | +22.8% | $1.19亿 | $1.48亿 | -19.8% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 968万 | 138万 | +600.5% | 139万 | 576万 | -76.0% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1380万 | $1140万 | +21.1% | $4190万 | $5490万 | -23.8% |
| Asset Impairment Charges | $02026-03-31 | $0 | – | $0 | $0 | – |
| Assets | $58.7亿 | $46.8亿 | +25.5% | $57.9亿 | $45.8亿 | +26.4% |
| Assets, Current | $4.39亿 | $5.24亿 | -16.3% | $3.08亿 | $3.71亿 | -16.9% |
| Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | – | – | – | $6.21亿 | $0 | – |
| Capital Expenditures Incurred but Not yet Paid | -$96.2万 | $13.9万 | -792.1% | $28万 | $28.3万 | -1.1% |
| Capitalized Computer Software, Additions | $790万2026-03-31 | $450万 | +75.6% | $1680万 | $1640万 | +2.4% |
| Capitalized Computer Software, Amortization | $470万2026-03-31 | $340万 | +38.2% | $1060万 | $1020万 | +3.9% |
| Capitalized Computer Software, Impairments | – | – | – | $0 | $0 | – |
| Capitalized Computer Software, Net | $3900万2026-03-31 | $3070万 | +27.0% | $3590万 | $2960万 | +21.3% |
| Capitalized Contract Cost, Impairment Loss | $0 | $0 | – | $0 | $0 | – |
| Cash and Cash Equivalents, at Carrying Value | $1260万 | $2.9亿 | -95.6% | $6140万 | $1.82亿 | -66.3% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $50万 | – | – | $30万 | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $4540万 | $3.11亿 | -85.4% | $7680万 | $2.05亿 | -62.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1730万 | $6180万 | -128.0% | -$1.28亿 | $1.59亿 | -180.3% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 25亿 | 25亿 | 0.0% | 25亿 | 25亿 | 0.0% |
| Common Stock, Shares, Issued | 1.93亿 | 1.74亿 | +10.6% | 1.92亿 | 1.72亿 | +11.3% |
| Common Stock, Shares, Outstanding | 1.92亿 | 1.74亿 | +10.2% | 1.92亿 | 1.72亿 | +11.3% |
| Common Stock, Value, Issued | $193万 | $174万 | +10.6% | $192万 | $172万 | +11.3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $4120万 | $3140万 | +31.2% | $1.11亿 | -$3400万 | +424.8% |
| Contract with Customer, Liability | $7340万2025-12-31 | $1630万 | +350.9% | $7340万 | $1630万 | +350.9% |
| Contract with Customer, Liability, Current | $6090万 | $954万 | +538.1% | $6790万 | $1050万 | +544.6% |
| Contract with Customer, Liability, Noncurrent | $675万 | $555万 | +21.8% | $550万 | $574万 | -4.2% |
| Contract with Customer, Liability, Revenue Recognized | $3650万 | $90万 | +3,955.6% | $1090万2024-12-31 | $990万 | +10.3% |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $9770万 | $8700万 | +12.2% | $3.48亿 | $3.16亿 | +10.3% |
| Costs and Expenses | $2.44亿 | $2.06亿 | +18.4% | $8.5亿 | $8.2亿 | +3.7% |
| Current Federal Tax Expense (Benefit) | – | – | – | $370万 | $4410万 | -91.6% |
| Current Income Tax Expense (Benefit) | – | – | – | $1450万 | $5570万 | -74.1% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1080万 | $1160万 | -7.5% |
| Debt Issuance Costs, Net | $741万 | $1020万 | -27.2% | $834万 | $1130万 | -25.9% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $0 | $0 | – | $1000 | – | – |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $29.4万 | $3.2万 | +818.8% | $4000 | – | – |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Current | $0 | – | – | $0 | – | – |
| Debt Securities, Available-for-sale, Amortized Cost, Current | $1.79亿 | $5050万 | +254.8% | $2490万 | – | – |
| Debt Securities, Available-for-sale, Current | $1.79亿 | $5050万 | +254.4% | $2490万 | $0 | – |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | $140万 | $50万 | +180.0% | $210万 | $0 | – |
| Deferred Costs, Noncurrent | $1.05亿 | $8810万 | +19.3% | $9400万 | $8280万 | +13.4% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $4210万 | -$5300万 | +179.3% |
| Deferred Income Tax Expense (Benefit) | -$3460万 | $287万 | -1,305.6% | $4520万 | -$5910万 | +176.5% |
| Deferred Income Tax Liabilities, Net | $1.75亿 | $1.08亿 | +63.0% | $2.11亿 | $1.01亿 | +110.2% |
| Deferred Offering Costs | $02025-12-31 | $0 | – | $0 | $0 | – |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02