Open Text (OTEX) 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
Waystar (WAY) has outperformed Open Text (OTEX) over the past year, losing 32.0% versus a loss of 39.3%. Open Text is the larger company by market cap ($5.62 billion vs $4.94 billion), about 1.1 times the size, while Waystar is growing revenue faster (+16.5% vs +1.5%). On valuation, Open Text trades at a lower forward P/E (5.4x vs 13.7x for Waystar).
Open Text pays a dividend yielding 4.75%, while Waystar does not currently pay one. Open Text converts more of its revenue into profit, with a net margin of 12.3% versus 10.2%.
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 | OTEX | WAY |
|---|---|---|
| Share price | $23.14 | $25.77 |
| Market cap | $5.62B | $4.94B |
| 1-day change | +1.89% | -2.39% |
| YTD return | -28.97% | -21.31% |
| 1-year return | -39.27% | -32.02% |
| 5-year return | -53.76% | — |
| P/E ratio (TTM) | 8.80 | 37.90 |
| Forward P/E | 5.44 | 13.71 |
| EPS (TTM) | $2.63 | $0.68 |
| Dividend yield | 4.75% | 0.00% |
| Annual dividend | $1.10 | $0.00 |
| Revenue (latest FY) | $5.25B | $1.10B |
| Revenue growth (YoY) | +1.51% | +16.50% |
| Net income (latest FY) | $643.02M | $112.09M |
| Gross margin | 73.74% | 68.33% |
| Operating margin | 20.64% | 22.68% |
| Net margin | 12.26% | 10.20% |
| 52-week high | $39.90 | $40.35 |
| 52-week low | $19.78 | $17.26 |
| Distance from 52-week high | -42.01% | -36.13% |
| Analyst consensus | hold | strong_buy |
| Avg. price target upside | +20.79% | +31.04% |
| Average volume | 1.46M | 2.46M |
| Shares outstanding | 242.66M | 191.75M |
| Employees | 19,900 | 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 (37.9x vs 8.8x trailing P/E).
- Open Text offers a meaningfully higher dividend yield (4.75% vs 0.00%).
- Waystar grew revenue faster in its latest fiscal year (+16.50% vs +1.51%).
About Open Text
OTEX stock →Open Text Corporation provides data management solutions for enterprise AI in North, Central and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China. Its products and solutions help organizations collect, connect, contextualize, protect, govern, use, and secure data across their operations.
Technology · EDP Services · 19,900 employees
About Waystar
WAY stock →Waystar Holding Corp. develops a cloud-based software solution for healthcare payments.
Technology · EDP Services · 1,700 employees
OTEX vs WAY FAQ
Which is bigger, Open Text or Waystar?
Open Text (OTEX) is larger, with a market capitalization of $5.62B compared with $4.94B for Waystar (WAY).
Which stock has performed better over the past year, OTEX or WAY?
WAY returned -32.02% over the past 12 months, compared with -39.27% for OTEX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, OTEX or WAY?
OTEX has the lower trailing P/E at 8.8, versus 37.9 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.
Which pays a higher dividend, Open Text or Waystar?
Open Text pays a dividend yielding 4.75%, while Waystar does not currently pay a regular dividend.
Are Open Text and Waystar in the same industry?
Yes. Both are classified in the EDP Services industry within the Technology sector.