COMPARE · Data as of August 21, 2026
HNGE vs WAY
Verdict: Side-by-side breakdown using the Bull Rankings model. HNGE scored 72.0, WAY scored 52.9 — HNGE leads.
Compare another set
HNGE
Hinge Health, Inc.
72
$88.42 · $7.1B
fundamentals as of
Score gap
19.1
HNGE 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
- CheapestHNGE10.8x
- Fastest growthHNGE+49.8%
- Strongest balance sheetHNGE0.02
- Highest qualityHNGE97 / 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)
HNGE
stronger →← stronger
WAY
97
Qualityreturns · margins · balance sheet
47
66
Growthrevenue & earnings expansion
88
71
Valuevaluation vs sector peers
35
HNGE is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
HNGE
WAY
$290mC
FCF
$246mC
+49.8%A
Rev
+19.2%B+
0.02A-
D/E
0.37B
10.8xA
P/E
35.7xC+
0.36A
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
HNGE
WAY
5% above
Price vs fair valuelower is cheaper
7% above
~16%/yr
Growth the price implies10-yr FCF · lower = less priced in
~10%/yr
-27%
1-yr DCF upside
-17%
-5%
5-yr DCF upside
-7%
+43%
10-yr DCF upside
+11%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
HNGE
Why this score
- Short track record
WAY
Why this score
- Diluting shareholders
- Short track record
The companies
HNGEHinge Health, Inc.
Why now
Health Information Services · market cap $7.1b. 5% off the 52-week high of $93.13. Revenue growing +50% — in hypergrowth territory. PEG 0.36 — paying under fair value for the growth rate. 15 sell-side analysts rate this a Buy with a mean 1-yr target of $106.47 (implying +20% upside).
Moat
Net margin 15% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 32% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Value re-rating depends on a catalyst. Without one — analyst day, divestiture, margin recovery, capital return — the stock can stay cheap on these multiples for years.
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 HNGE and WAY diverge
On the headline score the gap is 19.1 points in favor of HNGE. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.
- QualityHNGE 96.5 · WAY 47.4HNGE +49.1
- ValueHNGE 70.7 · WAY 35.5HNGE +35.2
- GrowthHNGE 66.3 · WAY 87.7WAY +21.4
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.