WAY vs NVST

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

Both WAY and NVST are from the Healthcare sector.

WAY vs NVST - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

WAY

$4.35B

Winner

NVST

$4.35B

Max Drawdown

Winner

WAY

61.83%

NVST

71.00%

Sharpe Ratio

WAY

-0.84

Winner

NVST

0.88

5Y Beta

Winner

WAY

0.78

NVST

1.26

Industry

WAY

Health Information Services

NVST

Medical Instruments & Supplies

P/E Ratio

Winner

WAY

32.86

NVST

64.66

Forward P/E

Winner

WAY

13.24

NVST

20.33

PEG Ratio

WAY

0.09

NVST

N/A

5Y EPS CAGR

WAY

N/A

NVST

-11.48%

Debt to Equity

Winner

WAY

37.33%

NVST

46.73%

Free Cash Flow Yield

Winner

WAY

7.60%

NVST

5.06%

P/S Ratio

WAY

3.76

Winner

NVST

1.55

P/B Ratio

Winner

WAY

1.08

NVST

1.38

WAY vs NVST - Historical Returns

Returns include dividend reinvestment.

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

Winner

WAY

+22.03%

NVST

+7.56%

WAY

-13.68%

Winner

NVST

-3.95%

WAY

-26.43%

Winner

NVST

+5.94%

WAY

-39.91%

Winner

NVST

+35.39%

5Y(CAGR)

WAY

N/A

NVST

-8.17%

Max(CAGR)

Winner

WAY

+3.53%

NVST

-0.65%

WAY vs NVST - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

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

WAY vs NVST Drawdown Comparison

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

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

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

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

Correlation

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

-0.50

-101