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Root, Inc.（ROOT）与Waystar Holding Corp.（WAY）财务数据对比。点击上方公司名可切换其他公司
Root, Inc.的季度营收约是Waystar Holding Corp.的1.3倍（$397.0M vs $313.9M），Waystar Holding Corp.同比增速更快（22.4% vs 21.5%），过去两年Root, Inc.的营收复合增速更高（24.8% vs 15.7%）
Root Inc.旗下的Root保险公司是一家专注于汽车保险的线上保险公司，业务主要运营于美国地区，依托数字化技术为美国车主提供便捷的线上汽车保险服务。
Waystar Holding Corp是一家领先的医疗健康支付与营收周期管理解决方案提供商，服务覆盖美国各地的医疗机构、医疗系统和支付方，旗下工具可简化账单处理、理赔申请、患者缴费流程，帮助医疗机构降低行政负担、优化营收表现。
ROOT vs WAY — 直观对比
营收规模更大
ROOT
是对方的1.3倍
$313.9M
营收增速更快
WAY
高出0.9%
21.5%
两年增速更快
ROOT
近两年复合增速
15.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $397.0M | $313.9M |
| 净利润 | — | $43.3M |
| 毛利率 | — | — |
| 营业利润率 | 2.6% | 25.6% |
| 净利率 | — | 13.8% |
| 营收同比 | 21.5% | 22.4% |
| 净利润同比 | — | 47.9% |
| 每股收益（稀释后） | $0.35 | $0.42 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ROOTWAY
| Q1 26 | — | $313.9M | ||
| Q4 25 | $397.0M | $303.5M | ||
| Q3 25 | $387.8M | $268.7M | ||
| Q2 25 | $382.9M | $270.7M | ||
| Q1 25 | $349.4M | $256.4M | ||
| Q4 24 | $326.7M | $244.1M | ||
| Q3 24 | $305.7M | $240.1M | ||
| Q2 24 | $289.2M | $234.5M |
净利润ROOTWAY
| Q1 26 | — | $43.3M | ||
| Q4 25 | — | $20.0M | ||
| Q3 25 | $-5.4M | $30.6M | ||
| Q2 25 | $22.0M | $32.2M | ||
| Q1 25 | $18.4M | $29.3M | ||
| Q4 24 | — | $19.1M | ||
| Q3 24 | $22.8M | $5.4M | ||
| Q2 24 | $-7.8M | $-27.7M |
营业利润率ROOTWAY
| Q1 26 | — | 25.6% | ||
| Q4 25 | 2.6% | 19.4% | ||
| Q3 25 | 0.1% | 22.4% | ||
| Q2 25 | 7.1% | 24.0% | ||
| Q1 25 | 6.8% | 25.4% | ||
| Q4 24 | 10.7% | 21.8% | ||
| Q3 24 | 11.3% | 11.3% | ||
| Q2 24 | 1.3% | 3.5% |
净利率ROOTWAY
| Q1 26 | — | 13.8% | ||
| Q4 25 | — | 6.6% | ||
| Q3 25 | -1.4% | 11.4% | ||
| Q2 25 | 5.7% | 11.9% | ||
| Q1 25 | 5.3% | 11.4% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 7.5% | 2.3% | ||
| Q2 24 | -2.7% | -11.8% |
每股收益（稀释后）ROOTWAY
| Q1 26 | — | $0.42 | ||
| Q4 25 | $0.35 | $0.10 | ||
| Q3 25 | $-0.35 | $0.17 | ||
| Q2 25 | $1.29 | $0.18 | ||
| Q1 25 | $1.07 | $0.16 | ||
| Q4 24 | $1.42 | $0.18 | ||
| Q3 24 | $1.35 | $0.03 | ||
| Q2 24 | $-0.52 | $-0.21 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $669.3M | $34.3M |
| 总债务越低越好 | $200.3M | $13.5M |
| 股东权益账面价值 | $284.3M | $3.9B |
| 总资产 | $1.7B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.70× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ROOTWAY
| Q1 26 | — | $34.3M | ||
| Q4 25 | $669.3M | $61.4M | ||
| Q3 25 | $653.3M | $421.1M | ||
| Q2 25 | $641.4M | $290.3M | ||
| Q1 25 | $609.4M | $224.0M | ||
| Q4 24 | $599.3M | $182.1M | ||
| Q3 24 | $674.8M | $127.1M | ||
| Q2 24 | $667.2M | $68.4M |
总债务ROOTWAY
| Q1 26 | — | $13.5M | ||
| Q4 25 | $200.3M | $1.5B | ||
| Q3 25 | $200.4M | — | ||
| Q2 25 | $200.1M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.1M | $1.2B | ||
| Q3 24 | $300.9M | — | ||
| Q2 24 | $300.1M | — |
股东权益ROOTWAY
| Q1 26 | — | $3.9B | ||
| Q4 25 | $284.3M | $3.9B | ||
| Q3 25 | $265.0M | $3.2B | ||
| Q2 25 | $244.5M | $3.2B | ||
| Q1 25 | $228.7M | $3.1B | ||
| Q4 24 | $203.7M | $3.1B | ||
| Q3 24 | $181.9M | $3.1B | ||
| Q2 24 | $151.3M | $2.9B |
总资产ROOTWAY
| Q1 26 | — | $5.8B | ||
| Q4 25 | $1.7B | $5.8B | ||
| Q3 25 | $1.6B | $4.7B | ||
| Q2 25 | $1.6B | $4.7B | ||
| Q1 25 | $1.6B | $4.6B | ||
| Q4 24 | $1.5B | $4.6B | ||
| Q3 24 | $1.6B | $4.5B | ||
| Q2 24 | $1.5B | $4.6B |
负债/权益比ROOTWAY
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.70× | 0.38× | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | 0.82× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 0.98× | 0.40× | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 1.98× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $206.5M | $84.9M |
| 自由现金流经营现金流 - 资本支出 | — | $90.3M |
| 自由现金流率自由现金流/营收 | — | 28.8% |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | 1.96× |
| 过去12个月自由现金流最近4个季度 | — | $314.6M |
8季度趋势，按日历期对齐
经营现金流ROOTWAY
| Q1 26 | — | $84.9M | ||
| Q4 25 | $206.5M | $66.6M | ||
| Q3 25 | $57.6M | $82.0M | ||
| Q2 25 | $52.0M | $96.8M | ||
| Q1 25 | $26.8M | $64.2M | ||
| Q4 24 | $195.7M | — | ||
| Q3 24 | $49.4M | $78.8M | ||
| Q2 24 | $62.6M | $15.4M |
自由现金流ROOTWAY
| Q1 26 | — | $90.3M | ||
| Q4 25 | — | $57.2M | ||
| Q3 25 | — | $76.2M | ||
| Q2 25 | — | $91.0M | ||
| Q1 25 | — | $58.8M | ||
| Q4 24 | $195.3M | — | ||
| Q3 24 | — | $70.2M | ||
| Q2 24 | $62.4M | $8.6M |
自由现金流率ROOTWAY
| Q1 26 | — | 28.8% | ||
| Q4 25 | — | 18.9% | ||
| Q3 25 | — | 28.3% | ||
| Q2 25 | — | 33.6% | ||
| Q1 25 | — | 22.9% | ||
| Q4 24 | 59.8% | — | ||
| Q3 24 | — | 29.2% | ||
| Q2 24 | 21.6% | 3.7% |
资本支出强度ROOTWAY
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 3.1% | ||
| Q3 25 | 0.0% | 2.2% | ||
| Q2 25 | 0.0% | 2.1% | ||
| Q1 25 | 0.0% | 2.1% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | 3.6% | ||
| Q2 24 | 0.1% | 2.9% |
现金转化率ROOTWAY
| Q1 26 | — | 1.96× | ||
| Q4 25 | — | 3.33× | ||
| Q3 25 | — | 2.68× | ||
| Q2 25 | 2.36× | 3.01× | ||
| Q1 25 | 1.46× | 2.20× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.17× | 14.56× | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ROOT
暂无分部数据
WAY
| Subscription | $172.2M | 55% |
| Volume-based | $139.5M | 44% |
