COMPARE · Data as of August 21, 2026
BTSG vs WAY
Verdict: Side-by-side breakdown using the Bull Rankings model. BTSG scored 54.3, WAY scored 52.9 — BTSG leads.
Compare another set
BTSG
BrightSpring Health Services, Inc.
54.3
$58.87 · $11.6B
fundamentals as of
Score gap
1.4
BTSG leads
WAY
Waystar Holding Corp.
52.9
$25.01 · $4.8B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestWAY35.7x
- Fastest growthBTSG+26.4%
- Strongest balance sheetWAY0.37
- Highest qualityBTSG51 / 100
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
BTSG
stronger →← stronger
WAY
51
Qualityreturns · margins · balance sheet
47
92
Growthrevenue & earnings expansion
88
34
Valuevaluation vs sector peers
35
BTSG is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
BTSG
WAY
$402mC
FCF
$246mC
+26.4%A-
Rev
+19.2%B+
1.16C
D/E
0.37B
52.6xC
P/E
35.7xC+
2.11C
PEG
2.85C
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
BTSG
WAY
112% above
Price vs fair valuelower is cheaper
7% above
~37%/yr
Growth the price implies10-yr FCF · lower = less priced in
~10%/yr
-64%
1-yr DCF upside
-17%
-53%
5-yr DCF upside
-7%
-33%
10-yr DCF upside
+11%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
BTSG
Why this score
- Diluting shareholders
- Short track record
WAY
Why this score
- Diluting shareholders
- Short track record
The companies
BTSGBrightSpring Health Services, Inc.
Why now
Health Information Services · market cap $11.6b. Down 20% from 52-week high of $73.75 — deep drawdown territory. Revenue growing +26% — in hypergrowth territory. 17 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $78.94 (implying +34% upside).
Moat
ROE 18% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 110% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Trailing P/E 52.6x prices in sustained high growth — any quarter that disappoints triggers sharp re-rating. Beta 1.88 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Net margin 2.5% is thin — operating leverage cuts both ways; input-cost inflation or pricing pressure hits the bottom line first.
WAYWaystar Holding Corp.
Why now
Health Information Services · market cap $4.8b. Down 40% from 52-week high of $41.47 — deep drawdown territory. Revenue growing +19%, comfortably above the S&P median. 23 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $33.17 (implying +33% upside).
Moat
FCF converts 183% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Down 40% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Trailing P/E 36x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates. ROE 3% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where BTSG and WAY diverge
On the headline score the gap is 1.4 points in favor of BTSG. The widest single difference is Growth, where BTSG leads by 4.3 points.
- GrowthBTSG 92.0 · WAY 87.7BTSG +4.3
- QualityBTSG 50.6 · WAY 47.4BTSG +3.2
- ValueBTSG 34.4 · WAY 35.5level
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.