Parsons (PSN) 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 Parsons (PSN) over the past year, losing 32.0% versus a loss of 52.1%. Waystar is the larger company by market cap ($4.94 billion vs $4.49 billion), about 1.1 times the size. On valuation, Parsons trades at a lower forward P/E (12.3x vs 13.7x for Waystar).
Waystar converts more of its revenue into profit, with a net margin of 10.2% versus 3.8%.
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 | PSN | WAY |
|---|---|---|
| Share price | $42.02 | $25.77 |
| Market cap | $4.49B | $4.94B |
| 1-day change | -0.19% | -2.39% |
| YTD return | -32.01% | -21.31% |
| 1-year return | -52.12% | -32.02% |
| 5-year return | +16.17% | — |
| P/E ratio (TTM) | 28.98 | 36.81 |
| Forward P/E | 12.29 | 13.71 |
| EPS (TTM) | $1.45 | $0.70 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $6.36B | $1.10B |
| Revenue growth (YoY) | -5.72% | +16.50% |
| Net income (latest FY) | $241.14M | $112.09M |
| Gross margin | 22.49% | 68.33% |
| Operating margin | 6.57% | 22.68% |
| Net margin | 3.79% | 10.20% |
| 52-week high | $89.50 | $40.35 |
| 52-week low | $36.26 | $17.26 |
| Distance from 52-week high | -53.05% | -36.13% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +39.77% | +31.04% |
| Average volume | 1.40M | 2.45M |
| Shares outstanding | 106.81M | 191.75M |
| Employees | 21,000 | 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
- WAY has outperformed PSN by 20.1 percentage points over the past year.
- Waystar trades at a higher earnings multiple (36.8x vs 29.0x trailing P/E).
- Waystar is more profitable, keeping 10.2 cents of every revenue dollar as net income versus 3.8 cents for Parsons.
- Waystar grew revenue faster in its latest fiscal year (+16.50% vs -5.72%).
About Parsons
PSN stock →Parsons Corporation provides design, engineering and technical services, and smart and agile software for the United States federal government and critical infrastructure customers worldwide. It operates through Federal Solutions and Critical Infrastructure segments.
Technology · EDP Services · 21,000 employees
About Waystar
WAY stock →Waystar Holding Corp. develops a cloud-based software solution for healthcare payments.
Technology · EDP Services · 1,700 employees
PSN vs WAY FAQ
Which is bigger, Parsons or Waystar?
Waystar (WAY) is larger, with a market capitalization of $4.94B compared with $4.49B for Parsons (PSN).
Which stock has performed better over the past year, PSN or WAY?
WAY returned -32.02% over the past 12 months, compared with -52.12% for PSN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, PSN or WAY?
PSN has the lower trailing P/E at 29.0, versus 36.8 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 Parsons and Waystar in the same industry?
Yes. Both are classified in the EDP Services industry within the Technology sector.