WATNYSELaboratory Analytical InstrumentsFiscal year ends December 31
WATERS CORP /DE/
Financials through Q2 FY2026, quarter ended Jul 4, 2026Last filing: 10-Q on Aug 11, 2026
$434.27−2.68 (-0.61%)
Close on Oct 19, 2026
- Market cap
- $42.65T
- P/E (TTM)
- 108.3
- Dividend yield
- –
Waters statistics
Financials through Jul 4, 2026, price as of Oct 19, 2026, median of Laboratory Analytical Instruments companies for comparison
Valuation
| Measure | Waters | Industry median |
|---|---|---|
| Market Cap | $42.67B | $230.55M |
| Enterprise Value | $47.01B | $202.97M |
| PE Ratio | 108.30 | 33.40 |
| PS Ratio | 9.19 | 3.11 |
| PB Ratio | 2.81 | 3.14 |
| P/OCF Ratio | 77.64 | 22.35 |
Enterprise value
| Measure | Waters | Industry median |
|---|---|---|
| EV / Sales | 10.12 | 2.92 |
| EV / EBITDA | 142.62 | 19.86 |
| EV / EBIT | 142.62 | 24.88 |
Income (trailing twelve months)
| Measure | Waters | Industry median |
|---|---|---|
| Revenue | $4.64B | $102.39M |
| Operating Income | $329.63M | -$4.31M |
| Pretax Income | $205.30M | -$2.26M |
| Net Income | $166.14M | -$6.57M |
| EBITDA | $329.63M | -$1.98M |
| EPS (Diluted) | $4.01 | -$0.07 |
Margins
| Measure | Waters | Industry median |
|---|---|---|
| Operating Margin | 7.10% | -6.04% |
| Pretax Margin | 4.42% | -4.11% |
| Profit Margin | 3.58% | -10.5% |
| EBITDA Margin | 7.10% | -2.67% |
Returns
| Measure | Waters | Industry median |
|---|---|---|
| Return on Equity (ROE) | 1.91% | -19.2% |
| Return on Assets (ROA) | 1.13% | -13.3% |
| Return on Invested Capital (ROIC) | 2.37% | -4.11% |
| Return on Capital Employed (ROCE) | 1.47% | -9.07% |
Growth
| Measure | Waters | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 52.5% | 8.85% |
| Net Income Growth (YoY) | -74.9% | 10.6% |
| EPS Growth (YoY) | -63.8% | 10.6% |
| Revenue Growth (3Y CAGR) | 2.12% | 7.08% |
| Revenue Growth (5Y CAGR) | 6.00% | 11.8% |
| EPS Growth (3Y CAGR) | -2.84% | 3.06% |
| EPS Growth (5Y CAGR) | 5.18% | 7.64% |
Balance sheet
| Measure | Waters | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $539.00M | $37.33M |
| Total Debt | $4.89B | $72.66M |
| Net Cash (Debt) | -$4.35B | $3.92M |
| Net Cash Per Share | -$44.25 | $0.28 |
| Equity (Book Value) | $15.20B | $57.36M |
| Book Value Per Share | $154.66 | $2.81 |
| Tangible Book Value | -$2.75B | $10.71M |
| Working Capital | $2.07B | $54.64M |
Financial position
| Measure | Waters | Industry median |
|---|---|---|
| Current Ratio | 1.86 | 2.50 |
| Quick Ratio | 1.05 | 1.54 |
| Debt / Equity | 0.32 | 0.38 |
| Debt / EBITDA | 14.82 | 2.31 |
| Net Debt / EBITDA | 13.19 | 1.53 |
| Interest Coverage | 2.21 | -1.81 |
Cash flow (trailing twelve months)
| Measure | Waters | Industry median |
|---|---|---|
| Operating Cash Flow | $549.56M | -$653.46K |
Efficiency
| Measure | Waters | Industry median |
|---|---|---|
| Asset Turnover | 0.32 | 0.59 |
| Revenue Per Employee | $611.09K | $322.57K |
| Profits Per Employee | $21.86K | -$51.88K |
| Employee Count | 7,600 | 185 |
Dividends and yields
| Measure | Waters | Industry median |
|---|---|---|
| Earnings Yield | 0.39% | -6.91% |
| Buyback Yield | 0.03% | 0.78% |
| Shareholder Yield | 0.03% | 0.80% |
Shares
| Measure | Waters | Industry median |
|---|---|---|
| Shares Outstanding | 98,248,100 | 44,856,700 |
| Shares Change (YoY) | 51.0% | 3.35% |
| Shares Change (QoQ) | 0.06% | 0.27% |
| Float | 98,153,400 | 37,097,900 |
| Shares Held by Insiders | 0.10% | 10.6% |
| Shares Held by Institutions | 101.1% | 63.5% |
Taxes
| Measure | Waters | Industry median |
|---|---|---|
| Income Tax | $39.16M | $1.52M |
| Effective Tax Rate | 19.1% | 18.6% |
Scores
| Measure | Waters | Industry median |
|---|---|---|
| Graham Number | $118.13 | $34.37 |
| Graham Upside | -72.8% | -57.7% |
| Altman Z-Score | 3.59 | 1.95 |
| Piotroski F-Score | 4 | 5 |
Calculated by StockData from Waters's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.