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Side-by-side financial comparison of Ally Financial Inc. (ALLY) and Waystar Holding Corp. (WAY). Click either name above to swap in a different company.
Waystar Holding Corp. is the larger business by last-quarter revenue ($303.5M vs $301.0M, roughly 1.0× Ally Financial Inc.). Ally Financial Inc. runs the higher net margin — 108.6% vs 6.6%, a 102.1% gap on every dollar of revenue. On growth, Waystar Holding Corp. posted the faster year-over-year revenue change (24.3% vs -3.2%). Over the past eight quarters, Waystar Holding Corp.'s revenue compounded faster (16.2% CAGR vs 11.1%).
Ally Financial Inc. is an American bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.
Waystar Holding Corp is a leading provider of integrated healthcare payment and revenue cycle management solutions. It serves healthcare providers, health systems, and payers across the United States, offering tools that streamline billing, claims processing, patient payment collection, and revenue optimization to reduce administrative burdens and improve financial performance for healthcare organizations.
ALLY vs WAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $301.0M | $303.5M |
| Net Profit | $327.0M | $20.0M |
| Gross Margin | — | — |
| Operating Margin | — | 19.4% |
| Net Margin | 108.6% | 6.6% |
| Revenue YoY | -3.2% | 24.3% |
| Net Profit YoY | 333.6% | 4.8% |
| EPS (diluted) | $0.97 | $0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $301.0M | $303.5M | ||
| Q3 25 | $308.0M | $268.7M | ||
| Q2 25 | $312.0M | $270.7M | ||
| Q1 25 | $323.0M | $256.4M | ||
| Q4 24 | $311.0M | $244.1M | ||
| Q3 24 | $319.0M | $240.1M | ||
| Q2 24 | $324.0M | $234.5M | ||
| Q1 24 | $244.0M | $224.8M |
| Q4 25 | $327.0M | $20.0M | ||
| Q3 25 | $398.0M | $30.6M | ||
| Q2 25 | $352.0M | $32.2M | ||
| Q1 25 | $-225.0M | $29.3M | ||
| Q4 24 | $-140.0M | $19.1M | ||
| Q3 24 | $357.0M | $5.4M | ||
| Q2 24 | $294.0M | $-27.7M | ||
| Q1 24 | $157.0M | $-15.9M |
| Q4 25 | — | 19.4% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 24.0% | ||
| Q1 25 | -87.9% | 25.4% | ||
| Q4 24 | 56.3% | 21.8% | ||
| Q3 24 | 73.0% | 11.3% | ||
| Q2 24 | 79.3% | 3.5% | ||
| Q1 24 | 70.1% | 15.7% |
| Q4 25 | 108.6% | 6.6% | ||
| Q3 25 | 129.2% | 11.4% | ||
| Q2 25 | 112.8% | 11.9% | ||
| Q1 25 | -69.7% | 11.4% | ||
| Q4 24 | -45.0% | 7.8% | ||
| Q3 24 | 111.9% | 2.3% | ||
| Q2 24 | 90.7% | -11.8% | ||
| Q1 24 | 64.3% | -7.1% |
| Q4 25 | $0.97 | $0.10 | ||
| Q3 25 | $1.18 | $0.17 | ||
| Q2 25 | $1.04 | $0.18 | ||
| Q1 25 | $-0.82 | $0.16 | ||
| Q4 24 | $-0.54 | $0.18 | ||
| Q3 24 | $1.06 | $0.03 | ||
| Q2 24 | $0.86 | $-0.21 | ||
| Q1 24 | $0.42 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.0B | $61.4M |
| Total DebtLower is stronger | $17.1B | $1.5B |
| Stockholders' EquityBook value | $15.5B | $3.9B |
| Total Assets | $196.0B | $5.8B |
| Debt / EquityLower = less leverage | 1.10× | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.0B | $61.4M | ||
| Q3 25 | $10.2B | $421.1M | ||
| Q2 25 | $10.6B | $290.3M | ||
| Q1 25 | $10.4B | $224.0M | ||
| Q4 24 | $10.3B | $182.1M | ||
| Q3 24 | $8.6B | $127.1M | ||
| Q2 24 | $7.4B | $68.4M | ||
| Q1 24 | $8.2B | $57.3M |
| Q4 25 | $17.1B | $1.5B | ||
| Q3 25 | $16.7B | — | ||
| Q2 25 | $15.9B | — | ||
| Q1 25 | $16.5B | — | ||
| Q4 24 | $17.5B | $1.2B | ||
| Q3 24 | $16.8B | — | ||
| Q2 24 | $16.0B | — | ||
| Q1 24 | $17.0B | — |
| Q4 25 | $15.5B | $3.9B | ||
| Q3 25 | $15.1B | $3.2B | ||
| Q2 25 | $14.5B | $3.2B | ||
| Q1 25 | $14.2B | $3.1B | ||
| Q4 24 | $13.9B | $3.1B | ||
| Q3 24 | $14.7B | $3.1B | ||
| Q2 24 | $13.9B | $2.9B | ||
| Q1 24 | $13.7B | $2.0B |
| Q4 25 | $196.0B | $5.8B | ||
| Q3 25 | $191.7B | $4.7B | ||
| Q2 25 | $189.5B | $4.7B | ||
| Q1 25 | $193.3B | $4.6B | ||
| Q4 24 | $191.8B | $4.6B | ||
| Q3 24 | $193.0B | $4.5B | ||
| Q2 24 | $192.5B | $4.6B | ||
| Q1 24 | $192.9B | — |
| Q4 25 | 1.10× | 0.38× | ||
| Q3 25 | 1.11× | — | ||
| Q2 25 | 1.09× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.26× | 0.40× | ||
| Q3 24 | 1.14× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.25× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $640.0M | $66.6M |
| Free Cash FlowOCF − Capex | — | $57.2M |
| FCF MarginFCF / Revenue | — | 18.9% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | 1.96× | 3.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $283.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $640.0M | $66.6M | ||
| Q3 25 | $1.2B | $82.0M | ||
| Q2 25 | $947.0M | $96.8M | ||
| Q1 25 | $940.0M | $64.2M | ||
| Q4 24 | $620.0M | — | ||
| Q3 24 | $992.0M | $78.8M | ||
| Q2 24 | $1.6B | $15.4M | ||
| Q1 24 | $1.3B | $10.7M |
| Q4 25 | — | $57.2M | ||
| Q3 25 | — | $76.2M | ||
| Q2 25 | — | $91.0M | ||
| Q1 25 | — | $58.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $70.2M | ||
| Q2 24 | — | $8.6M | ||
| Q1 24 | — | $5.2M |
| Q4 25 | — | 18.9% | ||
| Q3 25 | — | 28.3% | ||
| Q2 25 | — | 33.6% | ||
| Q1 25 | — | 22.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 29.2% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 1.96× | 3.33× | ||
| Q3 25 | 3.02× | 2.68× | ||
| Q2 25 | 2.69× | 3.01× | ||
| Q1 25 | — | 2.20× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.78× | 14.56× | ||
| Q2 24 | 5.36× | — | ||
| Q1 24 | 8.54× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALLY
| Noninsurance Contracts | $242.0M | 80% |
| Brokerage Commissionsand Other | $21.0M | 7% |
| Commercial Portfolio Segment | $19.0M | 6% |
| Other | $13.0M | 4% |
| Banking Fees And Interchange Income | $5.0M | 2% |
| Brokered Agent Commissions | $1.0M | 0% |
WAY
| Subscription And Circulation | $167.8M | 55% |
| Volume Based Revenue | $134.2M | 44% |
| Implementation Services And Other Revenue | $1.5M | 1% |
