Waters Corp (WAT) stock
WATNYSELaboratory Analytical InstrumentsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Oct 3, 2026Last filing: 10-Q on Nov 10, 2026Score 8/30770% above fair value
$460.25−1.95 (-0.42%)
Close on Nov 13, 2026Market cap $45.22BP/E 197.5Yield –
Waters statistics
103 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.
Important dates
- Next earnings
- Feb 8, 2027 (estimated, before the open)
- Last ex-dividend date
- No dividends
- Fundamentals through
- Oct 3, 2026
- Share price as of
- Nov 13, 2026
Valuation ratiosIndustry
- P/OCF Ratio
- 94.29
- 21.97
Enterprise valuationIndustry
- EV / Sales
- 8.75
- 2.60
- EV / EBIT
- 184.96
- 24.14
- EV / FCF
- 168.87
- 27.51
Share statisticsIndustry
- Shares Change (YoY)
- 51.1%
- 3.32%
- Shares Change (QoQ)
- 0.05%
- 0.20%
- Float
- 98M
- 37M
- Shares Held by Insiders
- 0.10%
- 10.5%
- Shares Held by Institutions
- 101.1%
- 60.5%
Short sellingIndustry
- Short Interest
- 3M
- –
- Short Interest Change
- 4.33%
- -2.57%
- Short % of Float
- 3.39%
- 5.11%
- Short % of Shares Outstanding
- 3.39%
- 3.98%
- Days to Cover
- 3.63
- 3.94
Stock price statisticsIndustry
- 52-Week High
- $483.33
- –
- 52-Week Low
- $282.77
- –
- 20-Day Moving Average
- $461.07
- –
- 50-Day Moving Average
- $440.21
- –
- 200-Day Moving Average
- $373.20
- –
- Average True Range (14)
- $14.98
- –
- Price Change (1 Week)
- 0.58%
- 0.99%
- Price Change (1 Month)
- 3.62%
- -3.52%
- Price Change (3 Months)
- 12.9%
- -7.86%
- Price Change (6 Months)
- 39.8%
- -1.12%
- Price Change (YTD)
- 21.2%
- -2.92%
- Price Change (1 Year)
- 18.8%
- -1.37%
- Price Change (3 Years)
- 77.9%
- 3.24%
- Price Change (5 Years)
- 29.0%
- -50.4%
- Price Change (10 Years)
- 228.3%
- 58.9%
- Average Volume (10 Days)
- 1M
- –
- Average Volume (20 Days)
- 980,263
- –
- Average Volume (90 Days)
- 836,514
- –
- Relative Volume
- 0.62
- 0.76
- Relative Strength Index (14)
- 52.6
- 46.7
- Volatility (1 Year)
- 35.3%
- 64.2%
- Beta (5 Years)
- 0.92
- 1.04
MarginsIndustry
- Pretax Margin
- 1.95%
- -2.32%
- EBITDA Margin
- 4.73%
- -2.52%
- FCF Margin
- 5.18%
- 0.65%
Returns on capitalIndustry
- Return on Equity (ROE)
- 1.12%
- -17.3%
- Return on Assets (ROA)
- 0.68%
- -12.3%
- Return on Invested Capital (ROIC)
- 2.17%
- -2.83%
- Return on Capital Employed (ROCE)
- 1.21%
- -8.13%
Financial positionIndustry
- Current Ratio
- 1.89
- 2.49
- Quick Ratio
- 0.94
- 1.53
- Debt / Equity
- 0.29
- 0.42
- Debt / EBITDA
- 16.88
- 2.23
- Debt / FCF
- 15.42
- 3.62
- Net Debt / EBITDA
- 14.65
- 1.49
- Interest Coverage
- 1.46
- -1.63
GrowthIndustry
- Revenue Growth (YoY)
- 80.7%
- 9.42%
- Net Income Growth (YoY)
- -84.8%
- 13.4%
- EPS Growth (YoY)
- -78.6%
- 15.1%
- Revenue Growth (3Y CAGR)
- 2.12%
- 7.08%
- Revenue Growth (5Y CAGR)
- 6.00%
- 11.8%
- EPS Growth (3Y CAGR)
- -2.84%
- 3.11%
- EPS Growth (5Y CAGR)
- 5.18%
- 7.64%
EfficiencyIndustry
- Asset Turnover
- 0.39
- 0.59
- Revenue Per Employee
- $738.34K
- $331.99K
- Profits Per Employee
- $12.98K
- -$46.47K
- Employee Count
- 7,600
- 193
- WACC
- 9.26%
- 9.91%
Income statement (TTM)Industry
- Pretax Income
- $109.18M
- -$1.83M
Balance sheetIndustry
- Net Cash (Debt)
- -$3.89B
- $3.95M
- Net Cash Per Share
- -$39.59
- $0.26
- Equity (Book Value)
- $15.29B
- $63.80M
- Book Value Per Share
- $155.64
- $3.26
- Tangible Book Value
- -$2.37B
- $11.61M
- Working Capital
- $1.95B
- $57.32M
Cash flow (TTM)Industry
- Capital Expenditures
- -$188.75M
- -$3.94M
- FCF Per Share
- $2.96
- -$0.00
Dividends and yieldsIndustry
- Earnings Yield
- 0.22%
- -4.76%
- FCF Yield
- 0.64%
- 0.28%
- Buyback Yield
- 0.03%
- 0.80%
- Shareholder Yield
- 0.03%
- 1.12%
Taxes and interestIndustry
- Interest Expense
- $181.29M
- $5.40M
- Income Tax
- $10.97M
- $1.55M
- Effective Tax Rate
- 10.0%
- 18.0%
Scores and fair valueIndustry
- Graham Number
- $90.33
- $38.11
- Graham Upside
- -80.4%
- -56.1%
- Altman Z-Score
- 4.04
- 2.47
- Piotroski F-Score
- 4
- 5
- Lynch Fair Value
- $12.06
- –
- Lynch Upside
- -97.4%
- -45.2%
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.
| Period | WAT | S&P 500 | Difference | WAT per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +7.2% | -3.0% | +10.3 pts | ||
| 3 months | +11.3% | -2.8% | +14.1 pts | ||
| Year to date | +21.2% | +11.5% | +9.7 pts | ||
| 1 year | +21.3% | +13.5% | +7.9 pts | ||
| 3 years | +83.4% | +77.7% | +5.7 pts | +22.4% | +21.1% |
| 5 years | +29.0% | +72.6% | −43.6 pts | +5.2% | +11.5% |
| 10 years | +223.9% | +308.2% | −84.2 pts | +12.5% | +15.1% |
Short interest
Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.
3M WAT shares were sold short on Oct 30, 2026, up 4.3% from the previous report, or 3.39% of the shares available to trade. At recent volumes it would take 3.6 days to buy them back. Over the last 20 sessions, 51.9% of the volume reported to FINRA was short selling.
| Settlement date | Shares short | Change | Avg. daily volume | Days to cover |
|---|---|---|---|---|
| Oct 30, 2026 | 3,330,131 | +4.3% | 916,353 | 3.6 |
| Oct 15, 2026 | 3,191,944 | -6.2% | 938,676 | 3.4 |
| Sep 30, 2026 | 3,404,650 | +3.0% | 779,731 | 4.4 |
| Sep 15, 2026 | 3,304,268 | +0.3% | 571,765 | 5.8 |
| Aug 31, 2026 | 3,294,037 | -9.4% | 727,804 | 4.5 |
| Aug 14, 2026 | 3,635,708 | -12.7% | 935,711 | 3.9 |
| Jul 31, 2026 | 4,166,848 | +13.8% | 878,395 | 4.7 |
| Jul 15, 2026 | 3,662,258 | -1.1% | 688,167 | 5.3 |
| Jun 30, 2026 | 3,702,766 | -17.9% | 1,151,852 | 3.2 |
| Jun 15, 2026 | 4,510,715 | +0.8% | 850,922 | 5.3 |
| May 29, 2026 | 4,475,854 | +13.6% | 1,040,444 | 4.3 |
| May 15, 2026 | 3,938,447 | +14.9% | 1,377,357 | 2.9 |
Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.
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