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HQY vs WAY
Which Stock Would AI Choose? HealthEquity (HQY) vs. Waystar Holding (WAY) Stock Comparison
Key Takeaways
- HQY boasts a larger market capitalization of approximately $6.75 billion compared to WAY's $4.13 billion, indicating greater scale in the healthcare financial services space.
- WAY has outperformed year-to-date (YTD) with +34% returns versus HQY's +13%, driven by strong revenue growth in recent quarters.
- HQY demonstrates superior stability with a low beta of 0.26 (a measure of stock volatility relative to the market), contrasting WAY's higher price fluctuations.
- Both stocks recently reported positive earnings surprises, with HQY showing record health savings account (HSA) growth and WAY surpassing Q1 revenue estimates.
- Price-to-earnings (P/E) ratios are comparable at 32.5 for HQY and 35.3 for WAY (trailing twelve months, TTM), reflecting similar valuations amid healthcare tech demand.
Introduction
HealthEquity (HQY) and Waystar Holding (WAY) operate in the burgeoning healthcare technology sector, providing platforms that streamline financial aspects of medical services. HQY focuses on consumer health savings, while WAY emphasizes provider revenue cycle management. This stock comparison is relevant for investors and traders eyeing healthcare fintech opportunities, particularly amid rising demand for efficient payment and savings solutions. By examining recent performance, growth drivers, and market positioning, readers can assess relative strengths in today's dynamic market environment.
HQY Overview and Recent Performance
HealthEquity, Inc. (HQY) delivers technology-enabled platforms for health savings accounts (HSAs) and related healthcare spending tools to consumers and employers. With over 16 million accounts under management, the company benefits from steady HSA adoption trends. In recent market activity, HQY shares have traded around $80, reflecting resilience with a 52-week range of $73 to $117. Year-to-date gains stand at about 13%, supported by record HSA growth and strong Q4 results, including revenue up 7% and improved net income per share. Positive sentiment stems from platform expansions and a new board appointment, bolstering long-term growth prospects despite broader sector pressures.
WAY Overview and Recent Performance
Waystar Holding Corp. (WAY) offers cloud-based software for healthcare payments, including financial clearance and patient billing solutions, processing billions in claims annually. The platform aids providers in revenue cycle management. Recently, WAY shares hovered near $21.50, within a 52-week range of $20 to $43, after a sharp intraday drop amid high volume. Despite this, YTD performance reached +34%, fueled by Q1 revenue beats and double-digit growth. Innovations like AI-powered tools have enhanced sentiment, though volatility reflects post-earnings reactions and market rotations in healthcare tech.
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Head-to-Head Comparison
Both HQY and WAY target healthcare financial tech, but diverge in focus: HQY’s consumer-oriented HSAs drive custodial fee revenue, while WAY’s provider tools emphasize transaction processing. Growth drivers differ, with WAY showing faster YTD momentum from revenue cycle demand, versus HQY’s steady asset accumulation. Recent momentum favors WAY on earnings beats, but HQY edges in stability (beta 0.26 vs. higher volatility). Risk factors include regulatory shifts for both, though HQY’s larger scale offers resilience. Sector exposure is pure healthcare services, with neutral sentiment post-earnings.
Tickeron AI Verdict
Tickeron’s AI models currently lean toward HQY due to its trend consistency, low volatility, and robust HSA catalysts positioning it favorably amid market rotations. WAY offers higher upside potential from growth but trails in relative stability. This probabilistic edge reflects observable momentum and risk-adjusted metrics, aiding traders in healthcare fintech positioning.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full Disclaimers and Limitations.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is HQY is a Hold and WAY is a Hold.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
HQY’s FA Score shows that 0 FA rating(s) are green whileWAY’s FA Score has 0 green FA rating(s).
- HQY’s FA Score: 0 green, 5 red.
- WAY’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
HQY’s TA Score shows that 4 TA indicator(s) are bullish while WAY’s TA Score has 3 bullish TA indicator(s).
- HQY’s TA Score: 4 bullish, 4 bearish.
- WAY’s TA Score: 3 bullish, 5 bearish.
Price Growth
HQY (@Services to the Health Industry) experienced а -0.86% price change this week, while WAY (@Services to the Health Industry) price change was +0.16% for the same time period.
The average weekly price growth across all stocks in the @Services to the Health Industry industry was -1.89%. For the same industry, the average monthly price growth was -1.16%, and the average quarterly price growth was -13.14%.
Reported Earning Dates
HQY is expected to report earnings on Sep 08, 2026.
WAY is expected to report earnings on Aug 12, 2026.
Industries' Descriptions
@Services to the Health Industry (-1.89% weekly)This industry comprises companies that provide services, such as equipment sterilization, research, physician management systems and consulting, that support the healthcare/medical industry. Examples of such companies include Laboratory Corporation of America Holdings, which operates one of the largest clinical laboratory networks in the world; Quest Diagnostics Inc., which is a clinical laboratory; and Syneos Health, which is a major clinical research organization.
| HQY | WAY | HQY / WAY | |
| Capitalization | 7.1B | 3.53B | 201% |
| EBITDA | 508M | 413M | 123% |
| Gain YTD | -7.303 | -43.786 | 17% |
| P/E Ratio | 31.69 | 25.84 | 123% |
| Revenue | 1.34B | 1.16B | 116% |
| Total Cash | 265M | 159M | 167% |
| Total Debt | 985M | 1.49B | 66% |
HQY | ||
|---|---|---|
OUTLOOK RATING 1..100 | 55 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 73 Overvalued | |
PROFIT vs RISK RATING 1..100 | 89 | |
SMR RATING 1..100 | 68 | |
PRICE GROWTH RATING 1..100 | 60 | |
P/E GROWTH RATING 1..100 | 95 | |
SEASONALITY SCORE 1..100 | n/a |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
| HQY | WAY | |
|---|---|---|
| RSI ODDS (%) | N/A | 6 days ago 67% |
| Stochastic ODDS (%) | 1 day ago 73% | 1 day ago 76% |
| Momentum ODDS (%) | 1 day ago 66% | 1 day ago 62% |
| MACD ODDS (%) | 1 day ago 69% | 1 day ago 74% |
| TrendWeek ODDS (%) | 1 day ago 64% | 1 day ago 74% |
| TrendMonth ODDS (%) | 1 day ago 64% | 1 day ago 83% |
| Advances ODDS (%) | 14 days ago 74% | 23 days ago 77% |
| Declines ODDS (%) | 2 days ago 64% | 8 days ago 77% |
| BollingerBands ODDS (%) | 1 day ago 73% | 1 day ago 76% |
| Aroon ODDS (%) | 1 day ago 61% | 1 day ago 83% |
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HQY and
Correlation & Price change
A.I.dvisor indicates that over the last year, HQY has been loosely correlated with EVCM. These tickers have moved in lockstep 47% of the time. This A.I.-generated data suggests there is some statistical probability that if HQY jumps, then EVCM could also see price increases.
| Ticker / NAME | Correlation To HQY | 1D Price Change % | ||
|---|---|---|---|---|
| HQY | 100% | +0.37% | ||
| EVCM - HQY | 47% Loosely correlated | +1.26% | ||
| CPAY - HQY | 46% Loosely correlated | -2.25% | ||
| HUBS - HQY | 46% Loosely correlated | +0.28% | ||
| ALKT - HQY | 43% Loosely correlated | +3.15% | ||
| PCOR - HQY | 43% Loosely correlated | -0.15% | ||
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