COMPARE · Data as of August 21, 2026
VEEV vs WAY
Verdict: Side-by-side breakdown using the Bull Rankings model. VEEV scored 77.8, WAY scored 52.9 — VEEV leads.
Compare another set
VEEV
Veeva Systems Inc.
77.8
$247.90 · $40.3B
fundamentals as of
Score gap
24.9
VEEV 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 growthWAY+19.2%
- Strongest balance sheetVEEV0.01
- Highest qualityVEEV77 / 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)
VEEV
stronger →← stronger
WAY
77
Qualityreturns · margins · balance sheet
47
91
Growthrevenue & earnings expansion
88
67
Valuevaluation vs sector peers
35
VEEV is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
VEEV
WAY
$1.7bC+
FCF
$246mC
+16.2%B+
Rev
+19.2%B+
0.01A-
D/E
0.37B
43.9xC
P/E
35.7xC+
1.13B+
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
VEEV
WAY
30% above
Price vs fair valuelower is cheaper
7% above
~14%/yr
Growth the price implies10-yr FCF · lower = less priced in
~10%/yr
-30%
1-yr DCF upside
-17%
-23%
5-yr DCF upside
-7%
-11%
10-yr DCF upside
+11%
These two disagree on this pair: the Value pillar ranks cheapness against sector peers, while price-vs-fair-value is an absolute read. A name can be the better value in its sector and still the dearer one on cash flows.
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
VEEV
No notable signals flagged.
WAY
Why this score
- Diluting shareholders
- Short track record
The companies
VEEVVeeva Systems Inc.
Why now
Health Information Services · market cap $40.3b. Down 20% from 52-week high of $310.50 — deep drawdown territory. Revenue growing +16%, comfortably above the S&P median. 28 sell-side analysts rate this a Buy with a mean 1-yr target of $251.43 (implying +1% upside).
Moat
Net margin 28% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 13% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. FCF converts 177% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Trailing P/E 44x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates. P/S 12.1x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard.
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 VEEV and WAY diverge
On the headline score the gap is 24.9 points in favor of VEEV. The widest single difference is Value, where VEEV leads by 31.9 points.
- ValueVEEV 67.4 · WAY 35.5VEEV +31.9
- QualityVEEV 77.3 · WAY 47.4VEEV +29.9
- GrowthVEEV 90.6 · 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.