Pegasystems (PEGA) vs Waystar (WAY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Waystar (WAY) has outperformed Pegasystems (PEGA) over the past year, losing 31.3% versus a loss of 36.9%. Pegasystems is the larger company by market cap ($5.83 billion vs $5.08 billion), about 1.1 times the size. On valuation, Pegasystems trades at a lower forward P/E (13.6x vs 14.1x for Waystar).
Pegasystems pays a dividend yielding 0.34%, while Waystar does not currently pay one. Pegasystems converts more of its revenue into profit, with a net margin of 22.5% 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 | PEGA | WAY |
|---|---|---|
| Share price | $35.49 | $26.48 |
| Market cap | $5.83B | $5.08B |
| 1-day change | +3.32% | +2.76% |
| YTD return | -40.57% | -19.15% |
| 1-year return | -36.85% | -31.33% |
| 5-year return | -45.13% | — |
| P/E ratio (TTM) | 20.05 | 37.83 |
| Forward P/E | 13.65 | 14.09 |
| EPS (TTM) | $1.77 | $0.70 |
| Dividend yield | 0.34% | 0.00% |
| Annual dividend | $0.12 | $0.00 |
| Revenue (latest FY) | $1.75B | $1.10B |
| Revenue growth (YoY) | +16.61% | +16.50% |
| Net income (latest FY) | $393.44M | $112.09M |
| Gross margin | 75.86% | 68.33% |
| Operating margin | 15.07% | 22.68% |
| Net margin | 22.54% | 10.20% |
| 52-week high | $68.10 | $40.35 |
| 52-week low | $25.10 | $17.26 |
| Distance from 52-week high | -47.89% | -34.37% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +16.74% | +27.53% |
| Average volume | 2.55M | 2.42M |
| Shares outstanding | 164.40M | 191.75M |
| Employees | 5,598 | 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 20.1x trailing P/E).
- Pegasystems is more profitable, keeping 22.5 cents of every revenue dollar as net income versus 10.2 cents for Waystar.
About Pegasystems
PEGA stock →Pegasystems Inc. develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.
Technology · EDP Services · 5,598 employees
About Waystar
WAY stock →Waystar Holding Corp. develops a cloud-based software solution for healthcare payments.
Technology · EDP Services · 1,700 employees
PEGA vs WAY FAQ
Which is bigger, Pegasystems or Waystar?
Pegasystems (PEGA) is larger, with a market capitalization of $5.83B compared with $5.08B for Waystar (WAY).
Which stock has performed better over the past year, PEGA or WAY?
WAY returned -31.33% over the past 12 months, compared with -36.85% for PEGA (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, PEGA or WAY?
PEGA has the lower trailing P/E at 20.1, 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.
Which pays a higher dividend, Pegasystems or Waystar?
Pegasystems pays a dividend yielding 0.34%, while Waystar does not currently pay a regular dividend.
Are Pegasystems and Waystar in the same industry?
Yes. Both are classified in the EDP Services industry within the Technology sector.