COMPARE · Data as of August 21, 2026
DOCS vs WAY
Verdict: Side-by-side breakdown using the Bull Rankings model. DOCS scored 84.1, WAY scored 52.9 — DOCS leads.
Compare another set
DOCS
Doximity, Inc.
84.1
$25.33 · $4.5B
fundamentals as of
Score gap
31.2
DOCS 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
- CheapestDOCS30.2x
- Fastest growthWAY+19.2%
- Strongest balance sheetDOCS0.01
- Highest qualityDOCS89 / 100
- Largest discount to fair valueDOCS-8%
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)
DOCS
stronger →← stronger
WAY
89
Qualityreturns · margins · balance sheet
47
85
Growthrevenue & earnings expansion
88
79
Valuevaluation vs sector peers
35
DOCS is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
DOCS
WAY
$306mC
FCF
$246mC
+11.2%B
Rev
+19.2%B+
0.01A-
D/E
0.37B
30.2xB
P/E
35.7xC+
0.59A-
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
DOCS
WAY
8% below
Price vs fair valuelower is cheaper
7% above
~7%/yr
Growth the price implies10-yr FCF · lower = less priced in
~10%/yr
-5%
1-yr DCF upside
-17%
+9%
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
DOCS
Why this score
- Durable high returns
WAY
Why this score
- Diluting shareholders
- Short track record
The companies
DOCSDoximity, Inc.
Why now
Health Information Services · market cap $4.5b. Down 67% from 52-week high of $76.51 — deep drawdown territory. Revenue growing +11%, comfortably above the S&P median. PEG 0.59 — paying under fair value for the growth rate. 18 sell-side analysts rate this a Hold with a mean 1-yr target of $29.39 (implying +16% upside).
Moat
Net margin 25% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. 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 183% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Down 67% 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 30x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates.
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 DOCS and WAY diverge
On the headline score the gap is 31.2 points in favor of DOCS. The widest single difference is Value, where DOCS leads by 43.4 points.
- ValueDOCS 78.9 · WAY 35.5DOCS +43.4
- QualityDOCS 88.6 · WAY 47.4DOCS +41.2
- GrowthDOCS 85.0 · WAY 87.7level
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.