Tempus AI vs Waystar Holding
Tempus AI is the larger business, with $1.27bn of revenue in fiscal 2025 against $1.10bn for Waystar Holding (1.2 times as much). Tempus AI grew faster (83.4% against 16.5%). Waystar Holding kept more of each dollar of sales as profit: a net margin of 10.2% against -19.3%. Waystar Holding carries less debt relative to equity (38.2% against 42.5%).
| Latest fiscal year | Tempus AITEM, 2025 | Waystar HoldingWAY, 2025 |
|---|---|---|
| Revenue | $1.27bn | $1.10bn |
| Revenue growth | 83.4% | 16.5% |
| Net income | −$245m | $112m |
| Operating margin | -19.9% | 22.7% |
| Net margin | -19.3% | 10.2% |
| Return on equity | -89.5% | 3.2% |
| Free cash flow | −$239m | $283m |
| Cash | $605m | $61.4m |
| Total debt | $209m | $1.48bn |
| Debt to equity | 42.5% | 38.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $3.0m | $0 |
| Employees | 3,800 | 1,700 |
| Market value | $14.29bn | $5.34bn |
| Price vs our value range | — | Within our value range |
| Moat score | — | — |
| Insider trades, 12 months | 12 buys, 247 sales | 1 buys, 12 sales |