EPAM Systems (EPAM) vs Waystar (WAY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
EPAM Systems (EPAM) has outperformed Waystar (WAY) over the past year, losing 27.7% versus a loss of 32.0%. EPAM Systems is the larger company by market cap ($5.87 billion vs $5.08 billion), about 1.2 times the size, while Waystar is growing revenue faster (+16.5% vs +15.4%). On valuation, EPAM Systems trades at a lower forward P/E (8.1x vs 14.1x for Waystar).
Waystar converts more of its revenue into profit, with a net margin of 10.2% versus 6.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | EPAM | WAY |
|---|---|---|
| Share price | $113.86 | $26.48 |
| Market cap | $5.87B | $5.08B |
| 1-day change | +5.11% | +2.76% |
| YTD return | -47.13% | -21.31% |
| 1-year return | -27.72% | -32.02% |
| 5-year return | -82.50% | — |
| P/E ratio (TTM) | 15.45 | 37.83 |
| Forward P/E | 8.10 | 14.09 |
| EPS (TTM) | $7.37 | $0.70 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $5.46B | $1.10B |
| Revenue growth (YoY) | +15.42% | +16.50% |
| Net income (latest FY) | $377.68M | $112.09M |
| Gross margin | 28.83% | 68.33% |
| Operating margin | 9.53% | 22.68% |
| Net margin | 6.92% | 10.20% |
| 52-week high | $222.53 | $40.35 |
| 52-week low | $73.06 | $17.26 |
| Distance from 52-week high | -48.83% | -34.37% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +7.87% | +27.53% |
| Average volume | 1.35M | 2.45M |
| Shares outstanding | 51.59M | 191.75M |
| Employees | 62,850 | 1,700 |
| Sector | Technology | Technology |
| Industry | EDP Services | EDP Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Waystar trades at a higher earnings multiple (37.8x vs 15.4x trailing P/E).
About EPAM Systems
EPAM stock →EPAM Systems, Inc. provides digital platform engineering and software development services worldwide.
Technology · EDP Services · 62,850 employees
About Waystar
WAY stock →Waystar Holding Corp. develops a cloud-based software solution for healthcare payments.
Technology · EDP Services · 1,700 employees
EPAM vs WAY FAQ
Which is bigger, EPAM Systems or Waystar?
EPAM Systems (EPAM) is larger, with a market capitalization of $5.87B compared with $5.08B for Waystar (WAY).
Which stock has performed better over the past year, EPAM or WAY?
EPAM returned -27.72% over the past 12 months, compared with -32.02% for WAY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EPAM or WAY?
EPAM has the lower trailing P/E at 15.4, versus 37.8 for WAY. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are EPAM Systems and Waystar in the same industry?
Yes. Both are classified in the EDP Services industry within the Technology sector.