COMP <GO>
WAY vs PEGA // EV/EBITDA & P/E VALUATION
Waystar Holding Corp. (NASDAQ) VS. Pegasystems Inc. (NASDAQ) • 15-METRIC TALLY: WAY 3
— PEGA 9
▲ EV/EBITDA & P/E VALUATION LEADER: PEGA
LAST: $28.00 (-0.74%) • MKT CAP: $5.41B
valuation
23.4x
LAST: $33.93 (-0.53%) • MKT CAP: $5.58B
valuation
20.8x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (WAY VS. PEGA)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | WAY | PEGA | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | 75.90% | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 3.70% | 22.40% | -18.70 | PEGA | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 23.4x | 20.8x | +2.60 | PEGA | /valuation <GO> |
| Free Cash Flow Yield | 4.81% | 8.79% | -3.98 | PEGA | /fcf-yield <GO> |
| Operating Margin | 22.70% | 15.10% | +7.60 | WAY | /operating-margins <GO> |
| Net Profit Margin | 10.20% | 22.50% | -12.30 | PEGA | /net-margins <GO> |
| Revenue Growth (YoY) | 16.50% | 16.60% | -0.10 | PEGA | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.28% | -0.28 | PEGA | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.03 | 6.14 | -4.11 | PEGA | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 9/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 56.7 | 45.2 | +11.50 | WAY | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.39 | 1.17 | +0.22 | WAY | /macro-sensitivity <GO> |
| Forward P/E Multiple | 40.6x | 11.9x | +28.70 | PEGA | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.41B | $5.58B | -$173.3M | PEGA | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | WAY REV | PEGA REV | WAY GROSS % | PEGA GROSS % | WAY FCF | PEGA FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.10B | $1.75B | — | 75.9% | $260.2M | $490.7M |
| FY 2024 | $943.5M | $1.50B | — | 73.9% | $127.3M | $338.2M |
| FY 2023 | $791.0M | $1.43B | — | — | $15.9M | $153.3M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
WAY // BETA 1.39
PEGA // BETA 1.17