NVST vs WAY

Comparison between Envista Holdings Corp (NVST, Company) and Waystar Holding Corp (WAY, Company).

Both NVST and WAY are from the Healthcare sector.

NVST vs WAY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NVST(COMPANY)	WAY(COMPANY)
Market Cap	$4.35B	$4.35B
Max Drawdown	71.00%	61.83%
Sharpe Ratio	0.88	-0.84
5Y Beta	1.26	0.78
Industry	Medical Instruments & Supplies	Health Information Services
P/E Ratio	64.66	32.86
Forward P/E	20.33	13.24
PEG Ratio	N/A	0.09
5Y EPS CAGR	-11.48%	N/A
Debt to Equity	46.73%	37.33%
Free Cash Flow Yield	5.06%	7.60%
P/S Ratio	1.55	3.76
P/B Ratio	1.38	1.08

Market Cap

Winner

NVST

$4.35B

WAY

$4.35B

Max Drawdown

NVST

71.00%

Winner

WAY

61.83%

Sharpe Ratio

Winner

NVST

0.88

WAY

-0.84

5Y Beta

NVST

1.26

Winner

WAY

0.78

Industry

NVST

Medical Instruments & Supplies

WAY

Health Information Services

P/E Ratio

NVST

64.66

Winner

WAY

32.86

Forward P/E

NVST

20.33

Winner

WAY

13.24

PEG Ratio

NVST

N/A

WAY

0.09

5Y EPS CAGR

NVST

-11.48%

WAY

N/A

Debt to Equity

NVST

46.73%

Winner

WAY

37.33%

Free Cash Flow Yield

NVST

5.06%

Winner

WAY

7.60%

P/S Ratio

Winner

NVST

1.55

WAY

3.76

P/B Ratio

NVST

1.38

Winner

WAY

1.08

NVST vs WAY - Historical Returns

Returns include dividend reinvestment.

Period	NVST	WAY
1 month	+7.56%	+22.03%
3 months	-3.95%	-13.68%
6 months	+5.94%	-26.43%
1 year	+35.39%	-39.91%
5 years(CAGR)	-8.17%	N/A
Max(CAGR)	-0.65%	+3.53%

NVST

+7.56%

Winner

WAY

+22.03%

Winner

NVST

-3.95%

WAY

-13.68%

Winner

NVST

+5.94%

WAY

-26.43%

Winner

NVST

+35.39%

WAY

-39.91%

5Y(CAGR)

NVST

-8.17%

WAY

N/A

Max(CAGR)

NVST

-0.65%

Winner

WAY

+3.53%

NVST vs WAY - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	NVST	WAY
2026	+23.28%	-29.01%
2025	+13.61%	-8.90%
2024	-19.96%	+77.29%
2023	-29.15%	N/A
2022	-25.41%	N/A
2021	+36.75%	N/A
2020	+11.80%	N/A
2019	+6.05%	N/A

NVST vs WAY Drawdown Comparison

The maximum drawdown for NVST was -71.00%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The maximum drawdown for WAY was -61.83%, occurring on Jun 22, 2026. This drawdown has not yet recovered.

The current NVST drawdown is -47.47%. The current WAY drawdown is -50.89%.

Rank	NVST	WAY
#1	-71.00% Mar 21, 2022 - Apr 8, 2025	-61.83% Feb 14, 2025 - Jun 22, 2026
#2	-64.13% Jan 22, 2020 - Dec 31, 2020	-9.29% Jul 23, 2024 - Aug 8, 2024
#3	-17.04% May 7, 2021 - Dec 23, 2021	-9.02% Jun 11, 2024 - Jul 22, 2024
#4	-11.54% Feb 16, 2022 - Mar 18, 2022	-6.06% Nov 7, 2024 - Dec 10, 2024
#5	-11.42% Dec 27, 2021 - Feb 10, 2022	-5.82% Dec 26, 2024 - Jan 24, 2025
#6	-11.15% Oct 29, 2019 - Jan 6, 2020	-4.05% Sep 26, 2024 - Oct 29, 2024
#7	-7.58% Sep 20, 2019 - Oct 10, 2019	-3.69% Sep 6, 2024 - Sep 26, 2024
#8	-6.67% Feb 12, 2021 - Mar 12, 2021	-3.25% Jan 30, 2025 - Feb 5, 2025
#9	-5.00% Mar 15, 2021 - Apr 5, 2021	-2.57% Aug 30, 2024 - Sep 6, 2024
#10	-4.39% Apr 7, 2021 - Apr 21, 2021	-2.45% Feb 5, 2025 - Feb 11, 2025
#11	-3.92% Oct 10, 2019 - Oct 15, 2019	-2.23% Dec 17, 2024 - Dec 20, 2024
#12	-3.59% Jan 13, 2020 - Jan 22, 2020	-1.73% Aug 19, 2024 - Aug 28, 2024
#13	-3.52% Jan 20, 2021 - Feb 3, 2021	-1.25% Jan 24, 2025 - Jan 28, 2025
#14	-3.33% Oct 23, 2019 - Oct 29, 2019	-0.84% Aug 13, 2024 - Aug 15, 2024
#15	-3.06% Oct 17, 2019 - Oct 23, 2019	-0.42% Nov 1, 2024 - Nov 5, 2024

Correlation

Correlation between NVST and WAY is -0.50 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.50

-101